Markets dumped but Crypto Twitter never fails to deliver — check out what went down on CT the past week.
Gm,
Could the bull market party of 2023 be over (for now)?
Here’s what’s not over:
The good, the bad, and the ugly of Crypto Twitter. This week we have shilling rappers, ended relationships, and hardware wallets stored in hard-to-believe places.
Strap in, a short but hard-hitting round-up of Crypto Twitter’s interesting last week.
Whose Threads Are A Must-Read?
A bit of a quiet week on the thread front, but there were still a few gems.
Emperor Osmo reminded us that the Cosmos ecosystem, the overlooked wallflower among L1s, is still there and building. He wrote up a thread of 15 reasons to be bullish on it:
There are a bunch of appchains launching on Cosmos and it boasts a strong security model. Is that going to be enough for a pump? Probably not in the short run but who knows what could happen in the next bull market. Read also our Deep Dive Into the Cosmos Ecosystem to learn more about it.
Tokens that definitely do pump are those the Korean market bids for. Miles Deutscher came in with a handy thread about how to spot Korea pumps early:
Even when the market goes sideways, there are opportunities to profit when you’re early. But how do you know when we’re just crabbing sideways and when it’s a dip in a bull market? Zero Ika explains it all in his thread about market structures and how to spot them:
Try spotting what kind of market we’re in now (pro-tip: there’s no right answer).
Finally, Crypto Twitter OG punk6529 came in with a massive story thread about collecting art. Well, not only about collecting art but about the art and science of collecting and when to buy:
A wonderful thread that should give you insight into how whales operate when buying assets.
Wisdom Of The Week
Some people wonder whether crypto isn’t just greater fool's investment. Maybe. But definitely not all of crypto. Degenerate Spartan summarized how crypto investing works in this handy chart:
Laugh all you want but right-curvers and left-curvers agree. Submit to the narrative if you want to be rewarded.
Elon Building Twitter
Elon took a well-deserved break from drama and shitposting and mostly focused on the launch of a new SpaceX starship last week. But it wasn’t all rocket launches. He didn’t miss the obligatory dig at a publicly funded broadcaster:
Talk of the Town
The talk of the town last week was undoubtedly the grilling of Gary Gensler at the congressional hearing. Our man Gary got roasted:
If you missed it, we wrote a full breakdown of how Gary Gensler got grilled and what that means for the crypto industry.
But that was not the only amusing thing last week. Another big shot, or at least former big shot, of the crypto industry took the protection of his coins to another level.
Exhibit A, Do Kwon’s hardware wallet security:
No, never a dull week in crypto.
But prices didn’t dump because they excavated coins from Do Kwon’s you know what. In fact, Justin Sun suspects there is another reason for that:
Either way, one surefire way to never have to rely on market prices is spinning up your own NFT or shitcoin scam. Rappers like Soulja Boy have caught on to this fact. But he didn’t have ZachXBT on his radar:
But Soulja Boy isn’t the only one cashing in on a scam. So did this lucky buyer of PEPE last week, printing a cool million from only 250 quid:
Yes, sometimes you can win in the casino. As long as you remember that in the end, it’s always the house that wins. Cause turns out that PEPE is just another version of an insider scam that was thrown up as a pump and dump:
No, it definitely does not get boring in this space. It’s so interesting that now France wants to join in on the fun and launched their own ERC-20 stablecoin on Ethereum. It just needs a few improvements in terms of the code…
Oh, and a new Hayes piece dropped as well. Arthur analyzed de-dollarization and whether it’s really happening:
Our Favorite Coinfession
Most in the crypto space will not be able to relate to this:
Memes
There is “down bad” and there is being down astronomically on NFT Twitter. Like this guy:
Next week is the last before “sell in May and go away.” You bet it’s not going to be a quiet one.
See you then!
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