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Aug 31 • 23 tweets • 9 min read
Daily Bullets 💊 Wednesday, August 31

Hope you like seafood because the crab continues. $BTC ~ $20k and $ETH ~ $1500. ⁠Eurozone has been having it tough lately and hit record inflation of 9.1% amid gas and energy crisis - not great.

Keep reading for today's news!

🧵👇
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Done? Now let's dive in!
1/ ⛓ Top Crypto News:

#Curve founder Michael Egorov said that Curve’s native stablecoin crvUSD is likely to be launched next month and is currently in the alpha stage
2/ ⁠@OpenSea adds @0xPolygon support to its Seaport protocol implementation to expand features and is will be accepting MATIC
decrypt.co/108621/opensea…
3/ #Ethereum miner balance reaches four-year high weeks before the Merge, potentially hoarding more ETH in anticipation of price surges and forked PoW tokens
cointelegraph.com/news/ethereum-…
4/ The core developers at @Helium have proposed to migrate the project to Solana in a move that aims to achieve additional scalability
theblock.co/post/166705/he…
5/ a16z leads $50M in funding for #NFT organization Proof Collective, the private community behind the Moonbirds, Oddities and founded by serial entrepreneur Kevin Rose
theblock.co/post/166580/a1…
6/ Largest Ether mining pool Ethermine opens new #ETH staking service, offering 4.43% interest and as little as 0.1 ETH ($159) required to enter cointelegraph.com/news/largest-e…
7/ 📊 Data:

Nansen Smart Money Holdings Token Inflow and Outflows:

Inflow: USDC ($100M), USDT ($12.9M), WBTC ($4.5M), aUSDC_v2 ($2.4M), cbETH ($1.5M)

Outflow: WETH ($8.7M), YGG ($253k), FTM ($184k), aWETH_v2 ($171k), stETH ($153k)
8/ Nansen NFT Hot Contracts:

- Phoenixes: 945 ETH
- Moonbirds: 781 ETH
- BAYC: 601 ETH
- CloneX: 496 ETH
- Moonbirds Oddities: 465 ETH
9/ 🎓 Research:

What Goes Down Must Go Up? What we might get wrong when investing in equities, tokens, and liquid assets across multiple cycles
mhdempsey.substack.com/p/what-goes-do…
10/ @Bankless: Top 5 Ways to Earn OP on Optimism - The best opportunities to maximize your Optimism token stimpak
newsletter.banklesshq.com/p/optimism-tok…
11/ @TheTIEIO - MEV: An Intro to Value Extraction
12/ How @Sudoswap is Disrupting NFT Marketplaces
easonwu.substack.com/p/how-sudoswap…
13/ Articles for understanding blockspace & CCMs
14/ @Huobi Research - BendDAO — discussing the liquidity risk
research.huobi.com/#/ArticleDetai…
15/ 🖼 NFTs/​Metaverse News:

For nearly a year now, a mysterious @AxieInfinity whale has been quietly amassing billions of $SLP, and now holds a little over 22 billion SLP — more than 50% of the total circulating supply. No one knows who it belongs to
cointelegraph.com/news/mystery-o…
16/ Event ticketing behemoth @Ticketmaster will adopt the Flow blockchain from Dapper Labs for minting tickets as NFTs for select events
decrypt.co/108627/ticketm…
17/ Friday, September 2, @DigiDaigaku holders will receive an airdrop
18/ a16z wants to standardize NFTs by giving you a license for your token
coindesk.com/business/2022/…
19/ JPEG'd - Introducing Trait Boost
20/ Morningstar Ventures has announced the acquisition of Elrond Apes NFT collection
elrondapes.medium.com/announcement-e…
21/ We hope you've found this thread helpful.

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More from @Momentum_6

Momentum 6 Profile picture
Aug 31
Why don't most retail investors do well in the #Crypto markets?

@TaschaLabs recently released a new podcast episode to discuss this important topic

Here is a summary of the important takeaways from the episode 🧵👇
1/

The problem is people are not really very clear about who they are as an investor and what kind of strategy they are going for

Here are some questions to know more about investment style:
2/

Before we get started...

You can read the unrolled version of this thread here: momentum6.substack.com/p/podcast-note…
Read 28 tweets
Momentum 6 Profile picture
Aug 30
#1 Daily Bullets 💊: All Eyes on DigiDaigaku + Dramarama

We had a pretty rough weekend following Jerome Powell’s Jackson Hole speech. Markets decided to risk off and we saw Bitcoin fall to sub $20k and ETH fall to ~ $1400. We’re seeing a wee bit of a bounce today.
#2 The most interesting thing taking place across CT recently is NFT project DigiDaigaku which has seen its floor price explode from ~ 3 ETH to ~ 12 ETH. Catalysts include a $200M raise and airdrop this Friday. Plus some drama and questionable reporting on Mt.
Gox and Ava Labs
#3 Crypto News:
MtGox is NOT distributing any coins this week, or the next week, or the week after that. The repayment system is not live yet. As it currently stands, you can’t even register where (which exchange) you want your BTC & BCH sent yet
Read 14 tweets
Momentum 6 Profile picture
Aug 23
@FerrumNetwork recently hosted a Twitter space to discuss the current state of the market: BULL RUN OR BULL TRAP?

A group of experts shared their insights on whether they believe the Crypto market has bottomed or not.

Here's a summary of the most important insights 🧵👇🏾
1/

Before we get into the experts' insights, let's take a quick glance at each institution and the experts representing them:

1. @Crypto_Clarke - Head of Labs at @Momentum_6 (KADEEM)

2. @willperone - Founder/CTO of @FlourishingAI (WILL)
2/

3. @ericgonzalez - CEO of @FlourishingAI (ERIC)

3. @AndryuninAlexey - CEO & Founder of @gotbit_io (ALEX)

4. @crypt_odio - Executive Vice President of Partnerships and Growth at @FerrumNetwork (NICK)

5. @FuddCrypto - Ferrum Network incubation advisor (NATHAN)
Read 40 tweets
Momentum 6 Profile picture
Aug 22
Automated Market Makers for NFTs are the hottest new thing

@sudoswap is the first ever NFT AMM

Uniswap v3, but for NFTs, they say

If you understand the fundamental design, you can see why $SUDO is the talk of the town

Deep Dive Thread 🧵👇 Image
1/

TL;DR:

The SudoSwap protocol enables anyone to create and trade with an independent AMM pool for any #NFT

Traders will be able to:

• Swap NFTs for $ETH
• Swap $ETH for NFTs
2/

TL;DR continued:

Liquidity providers will be able to:

• Deposit $ETH and receive NFTs as traders swap with your pool

• Deposit NFTs and receive $ETH as traders swap with your pool

• Deposit both $ETH and NFTs and receive trading fees as traders swap with your pool
Read 31 tweets
Momentum 6 Profile picture
Aug 5
1/7 A thread 🧵 on how you and your little degen friends can loot a crypto bridge

👇
2/7

JK! Wow - can you imagine? lol

Now that we have your attention subscribe to our Weekly Alpha Leak for the fast-paced story of Crypto told by a community of degens:

momentum6.substack.com
3/7 Synopsis of the Week:

This week highlighted how scammy and uncertain the crypto space can be! We saw not only a major $190M bridge hack but also a wallet exploit that led to a looting fest for on-chain degens

Crypto often feels like the wild west

What will it be next? 🤯
Read 7 tweets
Momentum 6 Profile picture
Aug 4
The European Central Bank (#ECB) recently issued 3 reports in order to pass the biggest Crypto Law:

Markets in Crypto-Assets (#MiCA)

Will the crypto ecosystem suffer from these laws?

Will the ECB gain full control of the cryptocurrency market?

We deconstruct it for you: 👇🧵 Image
1/9 Get the latest news and research from M6 Labs directly in your inbox before Crypto Twitter!

Subscribe to our Substack for institutional quality content curated by a community of degens: momentum6.substack.com
2/9

The ECB warned policymakers that crypto might be threatening the financial stability of the economy

The ECB also urged policymakers to pass the Markets in Crypto-Assets (MiCA) law

The ECB is concerned about the contagion risks that the #crypto markets possess
Read 10 tweets

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