The Last 168 Hours in DeFi

Was the Longest Year of My Life...Gone Fishin! Thank you and Happy Holidays!

THANK YOU EVERYONE FOR SUPPORTING ETHROPY!!! 🙏🏼🙏🏼🙏🏼 Especially the legend himself, Stani, founder of Aave. I remember listening to Stani on a Bankless episode back in early 2020 and learned about Flash Loans - at the time I had no clue why they’d be useful, but then DeFi happened. You’re an inspiration to all of us in. Thank you and Happy Holidays.

I’ll take a break for the next couple of weeks as I’m planning the 2022 Fund launch, but will be writing up two pieces (posting topics here for accountability):

1. Reflections and lessons learned on running a crypto fund

2. Major predictions, investment narratives, and theses for 2022 and beyond

ALPHA:

$RADIO token will likely be very memetic. Join their Telegram announcements channel https://t.me/radioshackfairlaunch

Tai Lopez has been labeled a scammer but plenty of people have made profitable investments following him too. Countertrading elite crypto personalities can often work to your benefit - that’s my thesis anyways. Not financial advice!

RadioShack @RadioShack

Are you ready? RadioShack.com #RadioShack #Blockchain #Cryptocurrency

MARKETS:

It looks like we’ve bottomed as the downtrend has broken on Bitcoin. Many theories circulated why the market structure broken down last month (tax selling, funds cashing out for 2021 bonuses, inflation and rate hike fears), so the bullish narratives for this market cycle are back.

My crude technical analysis shows BTC above the 200d moving average, held daily support (top yellow horizontal line), and has broken the downtrend channel. The next point of resistance appears between $53-55k.

NEWS:

Everyone flocking to Web3!

The New York Times @nytimes

Tech executives and engineers are quitting Google, Meta, Amazon and other large companies for what they say is a once-in-generation opportunity with crypto.

nyti.msThe New Get-Rich-Faster Job in Silicon Valley: Crypto Start-UpsTech executives and engineers are quitting Google, Meta, Amazon and other large companies for what they say is a once-in-generation opportunity with crypto.

Justin Sun’s latest stunt:

Bloomberg Crypto @crypto

Justin Sun says he’s embarking on a new career as a diplomat for the Caribbean nation of Grenada and he's phasing out participation in crypto-related projects trib.al/o4y6lPC via @bpolitics

trib.alBloomberg - Are you a robot?

Saylor discovers DeFi:

db @tier10k

MicroStrategy Floats Lending Out Its Bitcoin Trove to Generate Yield: BBG CEO Michael Saylor discussed the plans on an investor day call

ift.ttBloomberg - Are you a robot?

Crypto gearing up to be a major political issue:

Tomicah Tillemann @TomicahTD

1/ On the heels of @karaswisher's piece about #web3 in today's @nytimes, it's important to note that web3 is emerging as a major political force. @a16z just did a poll on this with @MorningConsult that blew our minds... 🧵🧵🧵 a16z.com/2021/12/17/pre…

a16z.comPrediction for the New Year: A Web3 Midterm | Andreessen HorowitzWe recently commissioned a public opinion survey* to gauge how significant the web3 constituency will be as we head into the U.S. midterm elections next year. The findings were mind-blowing for the a16z web3 team, and we wanted to share …

Shaq.eth!

brantly.eth @BrantlyMillegan

holy crap @SHAQ did it 🐐🐐🐐🐐🐐🐐🐐🐐🐐🐐🐐🐐

He can’t help himself…this is very bullish for crypto!

Blockworks @Blockworks_

DONALD TRUMP: Crypto is very dangerous. It could be an explosion like we have never seen before

NFTs:

medved @mattmedved

Global search interest for “NFT” surpassed “crypto” and “Bitcoin” for the first time this week 👀

RUGS:

Grim Finance @financegrim

Hello Grim Community, It is with heavy hearts that we inform you that our platform was exploited today by an external attacker roughly 6 hours ago. The attackers address has been identified with over 30 million dollars worth of theft here

ftmscan.comAddress 0xdefc385d7038f391eb0063c2f7c238cfb55b206c | FtmScanThe Address 0xdefc385d7038f391eb0063c2f7c238cfb55b206c page allows users to view transactions, balances, token holdings and transfers of both ERC-20 and ERC-721 (NFT) tokens, and analytics.

rekt @RektHQ

It is the season of giving, and @VisorFinance is going all in. An anonymous actor got what they asked for. $8.2M taken, but the hacker left a lot on the table. The users will be refunded, but can Visor repair their reputation? rekt investigates.

rekt.newsRekt - Visor Finance - REKTDeFi / Crypto - It is the season of giving, and Visor Finance is going all in. Visor allowed an anonymous actor to mint $8.2M in VISR.

REGULATORY:

All quiet…too quiet.

POD O’ THE WEEK: