1/ Huge respect for Dragonfly continuing to invest in the bear market. But I'm morally obliged to call out sketchy projects gaining momentum. As a community we must preempt large scale implosions like #FTX or #LUNA that set the industry back years Bitget may be the next FTX 🧵

This is actually what the New York Stock Exchange (NYSE) looked like last night

We don’t need more launchpads. We need more things worth launching. Tokenize real-world assets that unlock creativity. Think beyond stocks. Fewer creator fees. More holder rewards. Less pump and dump. More community. Give people something worth owning, and a reason to stay. 🍐 Stay tuned 🍐

Ok hold up, Based16z deleted his account on the same day as Chillhouse? I suspect we will see Mike Dudas and the rest do the same soon. Maybe he was worried that his sadistic hobby and relentless cruelty might interfere with the rounds of funding for the company he’s raising for. I imagine those investing will want to know that the person they are trusting is going to be headed to prison soon and in the news for using AI to torture strangers and steal their money using highly predatory scams. (It’s ok they will know) Also imo the Chillhouse “situation” is mostly BS and meant to distract with drama. It’s still using AI to fake community, and still used as a means of attacking/ fudding others in the space. I’ll explain more later since it really requires a deeper conversation, but ya - with Based16z and Chillhouse gone - I suspect they will start scrambling and deleting a lot of other alts/ bots. (or its some trick I'm unaware of but i doubt it) I think the main tipping point here is my explanation of how most of these accounts are run by multiple people as opposed to one single operator. THAT is the key trick to finding their bots/ alt accounts. I’ve already scraped/ archived/ analyzed hundreds and I think I’ve got them all, but if you see any you suspect and want to do the same, it still helps.

a chillhouse derivative is almost at 1b

this is categorically wrong and i am seeing a lot of similar misunderstandings so i will try my hand at clearing the air AI/NVDA having deep liquidity has nothing to do with the success of SHROOM, these launchpads like LONG and PONS only continue to create even more liquidity fragmentation which is exactly where SHROOM thrives, i.e. SHROOM will grow more routes to monetize and compound on as more launches happen on LONG, etc. it's like saying that one really big parking garage makes roads irrelevant the base case for SHROOM is that it continues to grow as the market maker across tokenized equities, compounding fees (1) back into LP depth and (2) into SHROOM buybacks, targeting volatility (monetizing arb opportunities) + cross-asset flows (including inserting themselves into fomo paths which they are actively prioritizing)... you are longing tokenized equities flows vs. just TVL growth in one specific pair (AI/NVDA) the real bull cases comes into play when you consider things like the longtail of stock tokens outside of the top ~10 that are underserviced (20% slippage on a $1,000 trade) which SHROOM will continue to expand and compound into, with the moonshot kicker being true adoption of direct cross-equity flows anyways this continues to be one of the more interesting defi experiments of this cycle and i'm keen to see how tokenized equities further evolve through this meta

Shroom has passed $109k in 24 hour fees on just $700k in protocol liquidity! The compounding begins.

PSA: You can trade precious metals on Coinbase. Silver, gold, copper and platinum futures are available on Coinbase.

Prediction: $BTC Current price: $107k We slip down to $103k Sideways for 24hrs Drop to $95-97k Rebound to $103-104k Gets rejected Sharp drop to $88k-92k Real panic / bear market vibes comes in We soon capitulate to $67k $75k My prediction. NFA. - Wynn