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Repost from 𝕄𝕒𝕤𝕤𝕚𝕧E 𝔾𝕒𝕚𝕟ℤ
$DOT Money flow indicators showing sellers exhaustion, bull divs! hoping for a good crypto rebound week. same goes for major L1s
This is what I believe could happen again, repeating the bearish 2018's cycle. Timeframes are random, it could take more or less time.
Do and the whales having confidential information, dumped on the retail before the UST depeg cataclysm, based on this article: https://arcane.no/research/dumping-on-retail-how-terra-created-the-perfect-exit-liquidity
The Winklevoss brothers and CZ should give transparent explanations on what happened to Terra Foundation Guard BTC, failing to do so cannot be justified on user privacy terms, as they could be accomplice on a major fraud to Terra investors based on the information from Elliptic and derailed on this article. Must read.
https://newmoneyreview.com/index.php/2022/05/16/terra-operators-bailed-out-crypto-whales/
I'm going to cancel Netflix to watch this, if it ever happens. Much more entertaining 🍿
https://twitter.com/Cointelegraph/status/1526525456929165312
OpenSea's Discord server has been compromised, be careful, do not click on any links that may appear there.
And another bridge rekt... Bridges, vaults, and smart contracts using upgradable proxies are dangerous security wise, in that order.
https://venturebeat.com/2022/03/29/hackers-steal-620m-in-ethereum-and-dollars-in-axie-infinity-maker-sky-mavis-ronin-network/
⚠️ Cybersecurity threat: Update your Chrome browser right away.
https://www.forbes.com/sites/daveywinder/2022/03/26/google-confirms-emergency-security-update-for-32-billion-chrome-users-attacks-underway/?sh=3c1a4d8aaaa2
It is important to understand what is happening in the world to try to get a sense of the macro trends that are coming in crypto. For example, China is likely to try to replace the United States in its position as the world leader. Massive sanctions on Russia are polarizing the world, and making it more likely that Russia and China will move closer together. What about crypto in all of this? I believe crypto will become the "international waters" of finance, in a world where the U.S. dollar and the Yuan are the main currencies of two polarizing groups of countries. It will not be possible to prohibit transactions in those "international waters", and governments will only be able to enforce centralized decisions when the ship "comes into port", those are the fiat off-ramps. The current chaotic situation, is in fact, quite bullish for crypto, because governments realise their sanctions are useless without taking cryptocurrencies seriously, and they also understood that they cannot enforce those sanctions either, so they will have to recognize and regulate crypto as part of the financial system. Imo, Bitcoin has a long future ahead of it, and we may see a shorter bear market than the one in 2018.
MiCA framework: The EU countries are adapting their crypto regulations to try to reduce energy consumption and make it harder to avoid sanctions and money laundering. Enforcing this approach ranges from complicated to impossible due to the decentralized nature of cryptocurrencies. Worst case scenario, they are only going to push cryptocurrency users to move to proof of stake networks and privacy oriented blockchains.
https://www.coindesk.com/policy/2022/03/14/eus-sweeping-crypto-regulations-package-one-step-closer-to-ratification/
(A more serious analysis of the geopolitical situation)
The best-case scenario is an orderly change of government, which by Russian standards means poisoning Putin or showing him early retirement at gunpoint. The worst case scenario would be the disintegration of the Russian federation, because then there would be over 5000 nuclear warheads potentially held by warlords in a bunch of banana republics. I think Mr. Putler should be given an honorable exit, because if he feels cornered and humiliated, he might push the button. This is fine!
We are likely to see China come out of neutral a week or two from now, in that respect, this article is one of the best I have found.
https://uscnpm.org/2022/03/12/hu-wei-russia-ukraine-war-china-choice/
The price of a barrel of oil continues to correct against the trend, indicating that there is hope that the conflict will not escalate further, or that there is confidence that Russian supplies can be replaced.
