Been asked about crypto going forward.

Below are 6 themes I think will play a role in the next cycle.

🧵 1/ Fintech frontend + crypto backend.

PayPal already has a stablecoin. Revolut lets you stake ETH.

And crypto startups like @basedappHQ already feel like fintech products.

Long-term, crypto replaces the backends for fintech.

How to scam people on @Airbnb - a quick guide.

(I know because I fell for it) 1. Create an ad that looks good, and make sure you leave out some information.

Add some fake reviews - note how these two guests coincidentally stayed with 2/2 same hosts 🤔

Some people don’t understand why we charge money for @nansen_ai.

Quick thread on why we charge: 1. Contributors to Nansen should be paid.

Voluntary contributions can work for a while, but it’s not sustainable.

VC money can pay for a while, but also not sustainable.

2.5% of all ETH is sitting in the Grayscale Trust yet no-one can find it on-chain? I’m pretty sure @nansen_ai has the most complete tracking of Coinbase holdings. (Not perfect!)

CB is the custodian of Grayscale.

I see 4.85m ETH in CB wallets.

Assume 3m ETH of this is Grayscale.

That leaves only 1.85m ETH for other CB customers; 1/3rd of what Binance holds.

Temasek published a statement on FTX temasek.com.sg/en/news-and-re… almost US$300B net portfolio value

Since he chose to reveal his identity, let me share a short story ...

https://twitter.com/0x_b1/status/1545153652624691200

In Dec 2020, I hopped on a call with Jason to demo Nansen. At the time I just knew he worked at Celsius.

Gonna drop some on-chain data on Otherdeed here 👀 Top 3 on NFT Paradise in volume

pro.nansen.ai/nft-paradise?p…

NFT platforms have taken over Ethereum.

Quick look at some top gas consumers this week 👇 #1 @opensea

2021 in review via top 20 Ethereum gas consumers ⛽️

Source: @nansen_ai #1 @Uniswap

It's 2:30am, I'm jetlagged and stuck in quarantine.

Might as well dive into some @nansen_ai data on who's been buying pengus.

Live 🐧🧵👇 Our journey starts at NFT God Mode > Breakdown.

13 out of 15 top accumulatooors bought their first pengu in the last 24 hours (!)

pro.nansen.ai/nft-god-mode/b…

I think real estate will have been a poor investment 20y+ from now.

Some reasons why: 1) Options

Our parents’ generation had one asset class to invest in: their home.

Coming generations will have a lot more options available to them. Stocks are much more available now, and crypto + metaverse assets will add tons of new assets.

So RE has a lot more competition.

🤔Why is the value of information so high in crypto?

It’s simple:
inefficient market + low tx costs Compare crypto with two other markets:
🏡 real estate
📈 stocks

🧐Time for a random exploratory wallet investigation.

Stream of consciousness - no idea where it takes us.

Background - was looking at top Coinbase Commerce merchants and came across this highly active merchant at the top: That volume suggests it's not an individual, so I'm happy to explore it in public.

Hour-of-day activity indicates Asia-based:

DeFi Summer Vol. 2 will be interesting, because you probably won’t make money on absolutely everything you ape into. Also will be multi-chain, so it’ll be much harder to keep track of everything.

There’s simply no coin like YFI. It’s the coin of coinnoisseurs.

Been working on a bankless Hong Kong Dollar, built on Ethereum: HKDai.

It's the first time I build a dapp end-to-end, so here's a thread with some thoughts + current status. What is HKDai?

HKDai is a cryptocurrency which - similarly to the Hong Kong Dollar (HKD) - is soft-pegged to the US Dollar (USD) at a rate of 7.8 HKDai to 1 USD.

You can margin-trade DAI/USDC when the peg strays from $1, in case you're not aware!

Example using @compoundfinance :
1. You have $1,000 $USDC on Coinbase
2. Buy $DAI @ $0.99 (incl. fees) => You now have $1,010.10 DAI
3. Lock your DAI into @compoundfinance

(thread) 4. Receive $68.69 in yearly *supply* interests (current rate)
5. Borrow 50% of your supplied DAI in USDC, i.e. $505.05
6. Pay $63.79 in yearly *borrow* interests (again current rate)