Final Week on Crypto Twitter: The Actual Supercycle
The zhupercycle could also be over, however the supercycle of arrests is simply getting began. Try the highlights of the blockbuster SBF trial and extra of CT right here!
Gm,
Who right here remembers the Zhupercycle?
It was the supercycle of bullposts on the peak of the bull market. All of our favourite most important characters participated:
Guess what? This week issues have come full circle. The Zhupercycle is over, however the supercycle of arrests continued:
That is the true supercycle nobody is speaking about:
What else was Crypto Twitter speaking about this week?
You gained’t consider it…
Crypto winter is the time for reflection. Possibly you haven’t began but, however The DefiEdge has. He collected 31 items of DeFi knowledge for his three-year DeFi anniversary:
If we needed to choose a favourite, we’d go along with lesson #18 – Don’t put anybody on a pedestal. Not even “geniuses” like SBF.
Crypto Winter can also be the time for constructing. And few have been busier with constructing than Chainlink. Aylo visited SmartCon 2023 and shared Sergey’s imaginative and prescient replace for Chainlink:
The TDLR: Chainlink needs to create “sure cryptographically confirmed floor truths” that can’t be disputed, even within the age of AI.
Not less than the real-world asset narrative is gaining floor. It additionally featured as one in every of Alex Svanevik’s six main themes for the following crypto cycle:
The opposite 5?
Talking of NFTs. NFT permabull Punk6529 dropped one other thread on why utilizing NFTs is an absolute good:
The TLDR: NFTs matter and anybody utilizing them is bullish.
In 2021 and 2022, WAGMI was nonetheless a factor. However the chilly, onerous fact is that not everybody could make it:
Su Zhu didn’t make it. Or really he did, he made his solution to jail (4 months, for now). Similar to Do Kwon. And SBF.
Talking of the satan, SBF was Crypto Twitter’s most important character final week as a result of his trial lastly began. The proper time for CBS to launch its 60 Minutes episode starring Michael Lewis, who had some very uncommon takes on SBF…
Spectacular, very good. Now let’s see the quote tweets:
Yikes.
FTX might have appeared like a superb enterprise, however really it was not. It solely functioned in symbiosis with Alameda, and when FTX began shedding cash, Alameda was there to cowl it up for some time:
However what do we all know? We are able to’t even inform what a literature genius seems to be like, not like SBF, who can decide one primarily based on statistics alone:
Extra fascinating courtroom tales to come back subsequent week for certain.
With the 4 horseriders of the bearpocalypse out of the way in which, can we resume the bull market please?
Possibly we are able to:
So if equities tanking doesn’t matter anymore and we’ve spot ETFs on the horizon, how a lot increased can we go? Tedtalksmacro ran the numbers on this:
$48K is all he can do. May very well be extra, is likely to be extra, however that can rely on this little authorities debt scenario over there:
Doesn’t sound fairly, however the authorities is simply within the area attempting issues. Similar to the newest pal.tech clone, which went by means of a wild six-hour bull and bear cycle on Friday.
The way it began:
The way it was going:
Look kiddo, they’re simply within the area attempting issues. It says as a lot on the wrapping.
What institutional adoption actually means:
See you subsequent week for half 2 of the SBF Trial Tales!
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