Kyle Chassé Profile picture
Jul 1 7 tweets 6 min read
#ThreeArrowsCapital Has Defaulted On a $670 Million Loan

#3AC Is One Of Crypto's Most Prominent Hedge Funds & This Has a MAJOR Knock-On Effect 👇🧵
1/ #VoyagerDigital announced on Monday:

#3AC Failed to pay back 👇

- $350 million in $USDC
- 15,250 #BTC

The total amount stands at more than $670 million…
2/ Weeks of turmoil & negative price action have increased pressure tremendously & a number of reputable leading blockchain groups have started to buckle under the pressure..

The media narrative makes it seem like insolvency is on the horizon for #3AC

Other signs include..👇
3/ Last week, #VoyagerDigital received $500 million in financing from SBF's Alameda Research & this comes after Voyager had already taken $15 million in its credit line

Furthermore, the founders of #3AC went MIA for a couple of days too 🤯👇
4/ Zhu was on a mini-hiatus of sorts but returned to crypto twitter to assure his followers that #3AC was 'fully committed to working this out'

The knock-on effect can clearly be seen bc #3AC is a major player on a lot of exchanges balance sheets... 🚨
5/ Essentially, #3AC ''ghosted'' when it came time to pay up bc they were leveraged long & when they were margin-called... 👻

Some Major Platforms That Have Taken Measures Already:

6/ #3AC has a massive reach and still has assets on various platforms.. If these assets aren't frozen and they get dumped to save 3AC from insolvency.. We're likely to see another nasty crash

Remember if your crypto is on exchanges, you don't have control of it 🔑

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More from @kyle_chasse

Jul 3
Are We About To Witness A Potential Black Swan Event?? 😱

You NEED to read this!
1/ On June 30th the FED hiked the interest rate by 75bps effectively starting the shrink of its balance

This will be the catalyst for July 4th... A Federal Bank Holiday that could shake the whole crypto market 💥

Here's why 👇
2/ Starting 1 July until July 5th we could potentially see a mammoth move to the downside...

🔴Risk assets will once more rediscover how much they loathe the Fed-sponsored quantitative tightening of USD liquidity conditions.
No fiat can be deployed until Tuesday, July 5.
Read 9 tweets
Jul 2
5 Mindsets For Success 🧠

Thinking Better Makes You Better 🧵
1/ #Crypto has gotten people down recently. The bearish conditions have resulted in a lot of volatility, steep price declines & some being margin-called.

For those experiencing their first bear market - you might be the joke at family dinner "so how's your crypto stuff going?''
2/ If You've Done Your Research, You Understand This Is Temporary & That #Crypto Is Here To Stay - It's Coming Back Even BIGGER Once We Break Out Of This Bear Market 🔥🔥

Even so, the wait is long, and sitting on losses hits different... You've got to reset your perspective ✨
Read 10 tweets
Jun 6
Thread for bear market massive gains:
In 2017 1000's of #crypto projects raised funds 95%+ of the projects that raised in 2017 didn't survive to see next bull run. They either:
1) ran out of money
2) gave up because they raised so much money they just retired (exit scam)
3) didn't find product/market fit
Blue chips are no brainers like $AVAX $SOL $DOT $ETH $BTC $MATIC etc... The will do pretty good, but not life changing gains, market cap is too high. If you want life changing gains here is what you can do, keep in mind this involves more risk than blue chips.
Read 9 tweets
May 23
2022: The Year Of The DAO 🔗

DAO's Play An Integral Role In Crypto & Understanding Them Is Essential 🧵👇
1/ #DAO = Decentralized Autonomous Organization 🤝

Transparent. Fair. Innovative. Necessary.

The role a DAO plays ensures that the community is prioritized and not only the founding members, VCs & early investors
2/ The systemic problem that current corporations face is that a select group of people get to make decisions on behalf of an entire organization.
Read 10 tweets

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