ALPHA AND ACE’S TAKE:
I am very bullish Chronos - this Twitter spaces has a lot of alpha
Ace’s take: Arbitrum launch this week:
$ARB is the perfect airdrop. There is wild demand in OTC and escrow markets with ARB being sold as high at $1.50 already. 11% of the circulating supply is available on Thursday, which would give the ARB circulating market cap a $11B fully diluted valuation at $1. It could very well 3-4X within the first week.
This airdrop is very unique and will outshine Uniswap + Optimism + BLUR + Aptos.
Here’s what to expect:
- Perps and spot on every market
- Every DEX incentivizes on Arbitrum
- Lending markets likely add as collateral
- Governance black holing ARB on Plutus
The craziest part is Arbitrum launched at the tail end of the bull market so most users have been here through the entire 2022 shitshow so it's going to bring in a ton of new liquidity who have to buy for exposure.
MARKET:
Bitcoin has risen 74% since the start of 2023, and is up 47% since the failure of Silicon Valley Bank. All eyes are on crypto as the Federal Reserve is staring at an impossible problem between curbing 6% YoY inflation and injecting liquidity into failing banks that have been hurt by rapidly rising interest rates.
It’s widely anticipated the Fed will raise rates by 25 bps today.
NEWS:
The long waited ARB token airdrop is here:
Balaji’s statement of hyperinflation and the upcoming hyperbitcoinization
Telegram incorporates USDT payments:
NFTs:
Pudgy Penguins going to bring big time merch:
REGULATORY:
Sushi served with a subpoena from the SEC:
Texas supporting Bitcoin:
POD O’ THE WEEK:
The most rational thinker in the SEC speaks up about how to approach crypto regulation:
Bonus Balaji discusses hyperbitcoinization and the potential collapse of the US Dollar:
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None of this is financial advice
Call me learning! Love the arbitrum video.