ALPHA:
Thena Finance is live today on Binance Smart Chain. They are an iteration on the Solidly style decentralized exchange and claim to be the liquidity layer of BSC. I have been very impressed with their launch plan, team, and website UX and expect this to be a project to watch over the coming several weeks. The native token, $THE, has no liquidity so it’s not easy to invest until Jan 12.
An excellent thread:
MARKET:
In equities, 2023 has started where 2022 left off, down. The latest FOMC minutes stated there will be no interest rate cuts this year in order to get inflation down to 2%. This implies additional job losses after Amazon plans on laying off 18,000 employees.
In the crypto space, there are many people who believe capitulation is done and we could be close to the bottom, however, traditional finance liquidity rules when it comes to whether risk assets can go up.
It’s looking like a choppy year for risk.
NEWS:
3AC served by Singapore supreme court
Now scandal in the government related to FTX:
Insane:
BMW blockchain:
NFTs:
Seems like there’s a mini bull market in NFT land. Pudgy Penguins have been the top performer.
Solana’s top NFT projects are leaving. Sadly, fake NFTs catching people off guard:
REGULATORY:
Avi won’t be executing any very profitable trading strategies any more:
RUGS:
Dictum Exchange, a Solidly fork on Arbitrum, hard rugged $4m of deposits:
POD O’ THE WEEK:
Fun 2023 Blockchain Predictions Episode of Empire, the best new Podcast of 2022:
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None of this is financial advice