Some brief thoughts on the U.S. seizure of $3.6 billion from the 2016 Bitfinex hack.

It's not as simple as bullish or bearish for $BTC.

Very brief thread.

(1/4) Important points:

- If sold, it will be sold gradually. ($160m
per month for 18 months h/t @AviFelman )
- When these funds would enter the market is unclear.
- Positive press from recovery of major hack.
- Expect a long legal process for regaining the funds.

(2/4)

Hashed bought $3 million worth of $SUSHI in the market over the past month, and intends to hold it over the long term.

At Hashed, we are optimistic about the Sushi ecosystem.

Here is why. (1/5) Sushi started off as an AMM fork of Uniswap.

But now, it is a comprehensive ecosystem and a suite of DeFi products.

Projects launch on Sushi's Miso, list on SushiSwap, and lend and borrow through Kashi. (2/5)

https://twitter.com/hashed_official/status/1427648921757696003

Binance Smart Chain vs. Ethereum.

Let's look at some simple metrics.

tl;dr: at least in the foreseeable future, BSC remains a strong alternative to Ethereum, particularly in Asia.

My guess is Ethereum would see more activity again when Optimism and other layer twos launch. 1. Daily TX volume

Binance Smart Chain: 8 million txs/ per day
Ethereum: 1.5 million per day

But, this does not take into account xDAI and other practical layer 2 solutions on Ethereum that are currently in use.

An NFT thread!

The NFT craze has reached a fever pitch, but investors are becoming savvy and keen on finding utility for their non-fungible assets.

This is leading to a new class of NFTs that provide users with utility. Here are some thoughts on 2 projects that I like. I'm not sure about you guys but I grew up playing Pokemon trading cards and playing Pokemon on my Gameboy.

While I'm not into art NFTs, I've been increasingly interested in NFT projects focused on gaming like Axie Infinity and ChainGuardians.

A DeFi Thread!

@VesperFi (vesper.finance). An undervalued project that won’t stay under the radar for long. Vesper, offers top class yield aggregator pools, Ethereum L2 integrations coming soon and $340M TVL.

I'll continue to thread projects I'm interested in. The project’s co-founders are former bitcoin core dev Jeff Garzik (Jeff was working with Satoshi himself since 2010) and Matthew Roszak, both also co-founders of leading blockchain infrastructure company @bloqinc.

A DeFi Thread!

Dark pools, liquidity constraints, high fees, and a single solution to these bottlenecks — a thread about Wootrade Network $WOO.

What could be one of the market’s next blue chip tokens backed by backed by Dragonfly, 3AC, and Fenbushi.

More below 👇 Fair disclaimer before I dive in. Our fund @linkpadvc is an investor in $WOO, and we’re incredibly optimistic for its future.

We will be assisting them in business development and helping to roll out some exciting plans.

Absolutely massive.

Korean media reporting Nexon, a multi-billion dollar gaming conglomerate, is preparing to acquire Bithumb, South Korea's biggest crypto exchange.

Valuation? below ~$460M.

This is big for Bitcoin and the local crypto industry if the deal goes through. (1/3) Bithumb is the biggest South Korean crypto exchange by volume but has had major issues in the past.

Nexon's acquisition would improve the image around the most dominant crypto trading platform in the local market. (2/3)

A thread!

One of the richest Ethereum addresses is @0x_b1. They have ~99.9% of $300M+ deployed in various DeFi protocols.

My friend @n2ckchong did an analysis of the farms they are involved in.

Let's take a look at which coins they are particularly interested in.

👇 (1/8) Besides 0xB1’s obvious positions in blue-chips, they’re an advocate for $YFL and have been accumulating a big position.

Their investment in the ecosystem is split between a few sources:

Staked/LPd YFL holdings ($4m+)
LINKSWAP LPs ($20m+)

(2/8)

A thread!

I believe South Korea might be the first to see real *MASSIVE* mainstream consumer adoption of crypto.

There are many things people don't know about crypto in South Korea, and I will be working on more threads about crypto in Asia in the future.

👇 (1/10) First, let's look at pure retail consumer adoption.

South Korea has tens of thousands of convenience stores nationwide.

Like Taiwan and Japan, convenience stores are absolutely massive in Korea.

Users can pay crypto at 13,500 CU convenience stores in South Korea.

(2/10)