THE CELSIUS BLOWUP, EXPLAINED.
Huge sectors of crypto are imploding, and crypto unicorns might be coming down with it.
Luna was first, but now $10b giant Celsius is facing insolvency and even bankruptcy.
Let's dive in:
Jack Niewold 🫡
11K posts
Jack Niewold 🫡
@JackNiewold
- Ethereum’s Merge is coming Here’s what you need to know, explained simply. 🧵
- What do: • $4 billion in missing $BTC • Female rapper RAZZLEKHAN • Forbes magazine • the US Department of Justice Have in common? A thread on the 2016 Bitfinex hack, its resolution, and the implications. The strangest crypto story of the year (so far, at least): 🧵👇
- In July I mistakenly sent $5K in USDT (Solana) to @RobinhoodApp. As they only support USDC, they told me they couldn’t access or recover the funds. I recently checked the address, and Robinhood has since moved the USDT out. So… which is it? You can’t access the wallet, or you
- Three Arrows Capital was one of the biggest crypto hedge funds, at one point managing over $10 billion in capital— Until the founders dropped off the map. A 1000-page legal document came out today, bringing clarity to the case. I went through it. This is what I found:
- ve(3,3) could change DeFi forever. @andrecronje, @danielesesta, and @FantomFDN have banded together to create a new, secretive, and highly anticipated project. Here's a thread of everything we know (and some speculation) on the protocol: Also, how to play the trade: 🧵👇
- If you're thinking about getting a job in Crypto or Web3, read this:
- TRANSPARENCY TIME: I make mistakes in my crypto investing at many times a day. Here is a list of my biggest regrets in crypto investing: the mistakes that have cost me the most money. 🧵👇
- I've officially been redpilled on Fantom ( $FTM ) Here's a thread on: • Why I think it's undeniably undervalued • How it could do a 5-10x in the next leg of the bull market Check it out 👇
- Alright, I did it so you don't have to. Here's a thread on what Biden's executive order sets out for the industry. And what that might might mean for crypto investors like you and me. 🧵
- Crypto is reaching a breaking point, and it has nothing to do with the Fed, Celsius, jpegs, or DeFi. It's us. We, the users, are destroying crypto. Let me explain:
- Three Arrows Capital borrowed billions of dollars and then used the money to buy... CryptoDickbutt #1462
- Remember when you promised yourself you'd buy the dip back in May 2021? It's here. Tons of projects with strong cash flows, good earnings, and ludicrous P/E ratios are all on sale. Here are the 5 most undervalued protocols by P/E ratio: 🧵👇
- FTX, the #2 crypto exchange, is experiencing a bank run. Pushed to the brink by a debt crisis & an announcement from its #1 competitor, ~$1b has bled out from the platform in the last few days. What happened? Will FTX survive the crunch? Will the rest of crypto dump? Read on: