Bitcoin is crashing.

Wondering why?

The cash & carry trade that’s been suppressing BTC’s price is now unwinding.

Here’s how it worked—and why its collapse is sending shockwaves through the market. 🧵👇 1/ For months, hedge funds were exploiting a low-risk yield trade using BTC spot ETFs & CME futures.

This is how it worked:
✅ Buy Bitcoin spot ETFs (BlackRock, Fidelity)
✅ Short BTC futures on CME
✅ Farm the spread for ~5.68% annualized returns

Some were even using leverage to juice their returns into double digits.

But now? It’s imploding.

⚠️The #RESTRICTAct Is a HUGE Threat to Our Privacy, Data and Communication Freedom❌🚨🕵️

[P.S. It's MUCH more than just a TikTok Ban Bill!!]

👇🧵 1/ The Restrict Act is a bill that is currently making its way through Congress and if passed, it could have devastating consequences for our privacy, data, and communication freedom.

🚨 Breaking: CFTC Sues Binance & CZ - Unpacking the Allegations 📉 #BinanceLawsuit

The CFTC has sued crypto exchange Binance & CZ over allegations of knowingly offering unregistered crypto derivatives products in the US & violating federal laws.

Let's dive into the details.🧵👇 1/ 🔍 The lawsuit alleges that Binance operated a derivatives trading operation in the US, offering trades for cryptocurrencies like BTC, ETH, USDT, and BUSD, referred to as commodities in the suit. #Binance is accused of directing employees to use VPNs to spoof their locations.

💥 The Domino Effect: Signature Bank, #SiliconValleyBank, and Silvergate Collapse – What You Need to Know #BankingCrisis 1/ 🚨 Recent events have seen the collapse of Signature Bank, #SiliconValleyBank, and #Silvergate, sending shockwaves throughout the financial industry. In this thread, we'll explore the factors leading to their downfall and the broader implications.

Here's a comprehensive list of 12 #AI tools (besides #ChatGPT) that will help you save time, money 💰 and increase your productivity ✅

(Save this thread 💡🧵) 1)🔹midjourney.com - An AI-powered tool that creates images from textual descriptions.

2)🔹synthesia.io - Create videos from text in minutes using hyper-realistic models

3)🔹papercup.com - Subtitle & dub your videos easily using the power of AI

Welcome to Bear Market Book Club.
A new Monday tradition to share books that really helped me along the way.

📖First up is a Thread on Rich Dad, Poor Dad.

"An asset is something that puts money in your pocket and a liability is something that takes money out of your pocket" 7 Key Lessons from Rich Dad Poor Dad That Will Make You a Better Investor

This is one of the ULTIMATE finance books that has shaped my perspective immensely.

Save this thread.

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 👇

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?''

#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

prnewswire.com/news-releases/…

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

Bang or Bust? 🤔

A short thread (5 tweets) of the surprising #LUNA performance since listing 👇👇👇 1/ The much anticipated #LUNA 2.0 airdrop took place this weekend & damn was it interesting 🤯🤯 #LUNC remains the the old version of LUNA and performed well over the weekend pumping more than 50%

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