George Bridges (@ireverentlabs) • Hey

Behind every successful man there's a lot ofunsuccessful years.

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**Bitcoin Slips to $ 64K as Large Grayscale GBTC Outflows Continue** Volatility in crypto markets continued Friday, with bitcoin (BTC) tumbling below $ 63,000 at one point from the $ 67,000 area just hours earlier. A modest rebound since has taken the price back to the current $ 64,000, down 3.7% over the past 24 hours. The sell-off rippled through the market, with the broad CoinDesk 20 Index was lower by 4.4% over the same time frame, led by layer-1 network Solana's token (SOL) declining more than 10% at one point. It's been more than a week when BTC turned sharply lower from its fresh all-time high price over $ 73,000 and crypto assets entered a corrective period. While Wednesday's steep, 10% rally on the back of a dovish Federal Reserve promised a quick recovery, the price action since suggests otherwise. "[It] will take some time before we take out that $ 73,000 again," said Mike Novogratz, CEO of digital asset investment company Galaxy Digital, during a panel discussion at Bitcoin Investor Day in New York Friday morning. The weak price action comes as U.S.-listed spot bitcoin ETFs have suffered what's now four consecutive days of net negative flows. To be sure, nearly all the funds continue to see inflows, but each day this week, they've not been nearly enough to offset massive outflows from the Grayscale Bitcoin Trust (GBTC). On Thursday, GBTC saw $ 359 million in outflows, leading to $ 94 million in outflows for the entire fund group. Fidelity's Wise Origin Bitcoin Fund (FBTC) garnered the lowest daily inflow in its history, data compiled by BitMEX Research shows. So far through the week, the spot ETFs have recorded over $ 830 million outflows, and are on track to endure their second negative week since late January when BTC corrected to $ 39,000. Analysts at Coinbase Institutional noted that the increased GBTC selling is potentially in part due to Genesis selling shares as part of its bankruptcy process. Once the sales are completed, the report said, inflows to ETFs could pick up again amid favorable macro conditions and favorable central bank policy.
Happy Saturday ☀️ Check out my track ‘Break It Down’ featuring Nat Gem off of my debut album ‘Inner Calling’! Available to collect with $BONSAI, limited to 69 editions
Advice to all the old number based handle holders. Spend that $ 10 and get the handle you want. Your Lens world will change.
Happy weekend y’all ✨ It’s a perfect day to get some $BONSAI 🌳 How about joining today's **Bonsai Fest** by sharing your best photo from your camera roll? 📷 Here's what you need to do: 🧡 Share your best photo from your camera roll on the @lens/kaira platform. 🧡 Tag @lens/bonsai and @melikebarut. 🧡 Make your post 50 $BONSAI collectible. You've got 24 hours! Winners will be announced here. I'll select 10 standout posts, and each winner will be rewarded with 50 $BONSAI! Show your best shot 💥
Absolutely gem track dropped on Lens to collect
Nature as an escape
Posting my favourite type of a cat, the fat cat.
Posting my favourite type of a cat, the fat cat.
GN 💗 I grew this jewel for you in a mystical magical garden, make sure to pick one for yourself 💎 #jewel #digitalfashion #ai #bonsai
Crypto Billionaire Arthur Hayes and BRC-20 Creator Domo Invest in Bitcoin Ordinals Wallet Oyl’s $ 3M Raise BitMEX founder and American crypto billionaire Arthur Hayes joined anonymous developer Domo, creator of the Bitcoin BRC-20 token standard, in a $ 3 million pre-seed funding round for Bitcoin Ordinals wallet Oyl. Crypto asset manager Arca led the round. Other backers include Kanosei and FlamingoDAO. On launching in the coming weeks, Oyl will offer “in-wallet” Ordinals trading. Ordinals brings NFT functionality to Bitcoin by enabling data inscriptions on individual satoshis. Satoshis are the smaller unit of Bitcoin, like cents are to a dollar. All kinds of data can go on satoshis, including image, video, audio, and even a very primitive DOOM clone. Following on from the Ordinals breakthrough, Domo’s BRC-20 token standard brought the ability to create tokens by inscribing data on satoshis. Similar to the ERC-20 standard used on Ethereum by heavyweights like Tether, Uniswap, Polygon, Chainlink and Shiba Inu, BRC-20 lacks one crucial function of its counterpart: high-functionality smart contracts. Still, for something that was put out for free by its creator, it’s gaining considerable traction and interest, a testament to the benefits of open-source collaboration, a founding ethos of crypto. Bitcoin Ordinals And Beyond Ordinals may become even more important in the Bitcoin network’s post-halving economy. On the halving, which is a quadrennial event that is this year estimated to arrive on April 19, the block rewards for Bitcoin miners get cut by half. This effectively halves both mining revenues and the issuance of new Bitcoin. Typically, when demand has stayed consistent, as it has through the last three halvings, the price tends to go higher. This halving looks no different with very high institutional demand for Bitcoin after the January launch of eleven Bitcoin ETFs. The world’s favourite cryptocurrency set a new all-time high of $ 69,255.77 just an hour ago, according to CoinGecko, but it has since pulled back to trade at $ 67,962.06 as of this writing. Still, Ordinals transaction fees will represent an important alternative revenue stream for miners. They currently account for about 20% of miners revenue. In the early days of March 2024, Bitcoin NFTs posted $ 168.5 million in sales over a period of seven days. They beat Ethereum NFTs, which posted $ 162 million over the same period. Outside of Ordinals, Bitcoin nowadays has a booming layer 2 network, helping the blockchain to achieve scale and speed across a variety of applications. These layer 2s help give Bitcoin the functionality of Ethereum, the most commercially important blockchain.
Freedom is chaos. I think that’s worth a note. Humans crave order & predictability. This is why out of the chaos we get regulation so we have a very predictable experience in this game called life. Oligopolies are built because they offer predictability. Right now the world is struggling because of an uptick in uncertainty. And then Bitcoin was born.
I think 1k likes is my most ever on lens which is insane I had no where close to 1k followers
4844 is going to drop all the costs on L2s, making L2s the place to DeFi with Ethereum security
don’t blame just the mainstream, crypto bros are literally a meme and they did all they could to talk to the mainstream (for ponzis and stuffs)
A28WryPm5lndYi5hJXIZpjMcVReh0ouRcX6Rr6rwtWECk-vpLWikEl3izrCrQ0ADeWp3fNfLW0GWo982mcG8KWzdfmGv4bZvEWN0rOJUzrwVXy7qDtUKR-ARQqXeQYdzslphe3NvwvZcdgnFPGLoXQ==
Have you heard my single Settle In? 👀
#10 The Children of Time Bright and Shinning https://simmex-widmug.tlon.network/tribesmen/lore/lore
gm #lensverse 🌿🌍🪐👽🛸
**FWB Fest 24** We're thrilled to return to Idyllwild with our fave internet friends @lens/fwb — August 1-4, see you on the dance floor. https://fwbfest.xyz/book
Lens, Twitter/X and Farcaster walks into a bar... Finish the joke 😜. All collect revenue goes to the best joke. All who collected will be able to vote (you can't vote for yourself, of course). For starters, I'm adding 10m $pointless to the pool. To be considered for a prize: (1) Like and mirror this post (2) Comment your answer bellow Feel free to also mirror the comment, it's your joke, after all. Collecting is optional and will not affect results, but is definitely encouraged. Submission deadline: 5 days from now. Let the jokes begin 😜.
We need more teams like t2! t2 is revolutionary! 🤩
Optimism or Euphoria?
Todays colour palette: sour candy 5 editions
*Ok i love it* ...
Wormhole: The Interoperability Platform for Web3 Robinson Burkey is the CoFounder of Wormhole Foundation. In this episode, we spotlight Wormhole, the interoperability platform for Web3. Following the recent announcement of their native token W and its tokenomics, we interview Robinson about the role Wormhole is playing in the future of interoperable DeFi, how they’re helping solve for liquidity fragmentation, and how they plan to further scale the protocol while remaining secure and decentralized. ------ 🔗 Essential Show Links 🔗 ► Youtube: https://youtube.com/@defidad ► Apple: https://tinyurl.com/edgepod ► Spotify: https://tinyurl.com/edgepodspotify ► Linktree: https://linktr.ee/edge_pod ► Follow DeFi Dad: https://twitter.com/DeFi_Dad ► Follow Nomatic: https://twitter.com/Nomaticcap ► Learn about DeFi and Web3: http://defidad.com/ ------ The Edge Podcast Sponsor Resources 🌊 SWELL NETWORK | NEW RSWETH LIQUID RESTAKING TOKEN https://www.swellnetwork.io/ 🦊 METAMASK PORTFOLIO | TRACK AND MANAGE YOUR WEB3 EVERYTHING https://metamask.io/portfolio/?utm_source=defidad&utm_medium=podcast&utm_campaign=pdapp&utm_content=episode101523 🥑 INSTADAPP | THE NEW AVOCADO WALLET AND MULTISIG https://avocado.instadapp.io/ 🧑🌾 MANTLE | THE ETHEREUM L2 FOR TOP NATIVE YIELDS https://www.mantle.xyz/ 🟣 MAVERICK PROTOCOL | DEFI INFRA MADE TO CUSTOMIZE, AUTOMATE & INCENTIIZE LIQUIDITY https://app.mav.xyz/theEdgePodcast 🟢 KELP DAO | THE FIRST LIQUID RESTAKING PLATFORM FOR LSTS https://kelpdao.xyz/restake 🔵 BLUEBERRY | THE DEFI PRIME BROKERAGE https://www.blueberry.garden/ 🙋♀️ Interested to sponsor The Edge Podcast? Fill this out: https://hl6pu9d99u5.typeform.com/to/E3NY5Mqn ------ Timestamps 0:00 - Intro 5:02 - Robinson's background 9:05 - What is Wormhole protocol? 11:20 - Wormhole competitors 13:52 - How Wormhole improves interoperability 20:07 - Wormhole vs CCIP 23:04 - Wormhole powering CCTP 29:49 - Blueberry and Maverick mid-roll 31:30 - Solving liquidity fragmentation 37:52 - Security 44:25 - Decentralization 45:37 - W tokenomics 49:29 - Wormhole x Axelar bridge for Lido 55:28 - Closing ------ 🔗 Guest Links 🔗 ► Wormhole Website: https://wormhole.com/ ► Wormhole Foundation: https://wormhole.foundation/ ► Wormhole W Tokenomics: https://wormhole.com/wormhole-w-tokenomics/ ► Portal Bridge: https://portalbridge.com/ ► Wormhole on Twitter: https://twitter.com/wormholecrypto ► Wormhole Foundation on Twitter: https://twitter.com/wormholefdn ► Robinson on Twitter: https://twitter.com/RobinsonBurkey ------ 🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/ All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.
GM ✌🏾😌✌🏾 Even on Saturdays...we cook 🧑🏾🍳
Just this year, I've made a commutative of $ 10,000 from airdrop $DEGEN - $ 7,400 (my biggest and unexpected 😂) $XAI - $ 1,300 ( for buying a Sentry Key and running Node) $DYM - Currently at $ 1,300 ( for participating in testnets) There are other tiny amounts from other projects.. Just want to encourage you to keep doing your thing and follow your strong convictions 🙂. I have reallocated the funds into other plays on Ethereum LSD.
gm from the top of mtns we surf 🖖 honestly my proudest moment in the niseko area. have to earn your turns away from the resort but you get rewarded w runs like these 🤤 convex roll overs are scary as hell tho, gotta know the snow conditions + be w an educated crew that can unbury you in worst case scenario collectible for 1 wmatic over 4 days open edition. starting to see a clear pathway to how i run things in web3: art: high ETH/Nifty Gateway/SR collectibles BTS/sketches: FUCKURJPEG collectibles life moments: @lens/lens / @lens/orbapp collectibles that allow me to live how i want to live (: (which is still art in a way)
If you believe in luck, all of your dreams will come true. 🎋 Happy Year of the Dragon, frens 🐉🐲
**Sketchbook Series 2.9.2024**  A bit late to posting, it's been so hectic 😵 the first one is actually a concept that I want to explore further with both traditional and digital media. I've been really into inking lately and enjoy the cathartic process in painting in monochrome only, with different shades of grey. But as someone that loves experimenting with colors, I can't help but wonder what it would look like colored, so of course I had to digitize it so I can paint in procreate later 🌸 Introduction to this series: https::/hey.xyz/posts/0xaeea-0x05d4 Every piece will be a limit collect and expires before the next sketch comes out. #sketchbookseries
**Ether Tops $ 2.4K as Cathie Wood's Ark, 21Shares Amend Spot ETH ETF Filing** The updated prospectus brings the spot Ethereum ETF application more "in line" with the recently approved spot BTC ETF prospectus, one analyst noted. Ethereum's native token ether (ETH) jumped above $ 2,400 Wednesday afternoon to a two-week high as asset managers Ark Invest and 21Shares amended their joint spot ETH exchange-traded fund (ETF) filing. The updated S-1 paperwork filed Wednesday with the U.S. Securities and Exchange Commission (SEC) shows that the ETF would feature a cash creation and redemption mechanism, which that regulatory agency favored for spot bitcoin ETFs that were approved in January. "Looks like they updated to be only cash creations and some other things that bring it in line with the recently approved spot BTC ETF prospectus," Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, noted in an X post. The document also added a section about possibly staking ether through "one or more trusted third party staking providers," opening the possibility for the fund to lock up some of its holdings and earn rewards.
rainbow pic: **Marvin Kuhr** #photo #landscape
Gm fam 🍟 who’s coming to NFT Paris? 👀🤭👇🏼
Lenny's keyboard
TACO TUESDAY TAKE 🌮 Turning an idea into reality hinges on attention to detail and thorough planning. However, it's just as important to start taking action. Simply beginning your project and maintaining steady progress can be the most effective way to bring it to life. Each step forward, no matter how small, builds momentum and helps your project grow. This momentum not only drives your project but also helps you identify and fix any issues, making your strategy more effective. While paying attention to details is crucial, it's the act of starting and consistently moving forward that really gets your idea off the ground and turns it into something tangible.
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Family is not an important thing, it's everything.
最近色んなPrep DEX使ってるけど、 HyperLiquidはスマホでも使えるしかなりいい感じリファ嫌いやけど一応貼っておきます https://app.hyperliquid.xyz/join/WELCOME2HYPERLIQUID (Fee4%引きになるのとワイにFeeの10%入ります。あと画像は特に関係無いです)
It´s 2024 and we have big plans. One of the things we wanted we were able to obtain over the weekend. It was getting the orna.eth ens domain. And reaching a 1000 followers! ✅Get orna.eth ✅Reach 1000 followers!🙌 ⚒️Roll out our first smart post / open action for https://orna.art (coming soon!) ⚒️Get funded (talking to investors, leads are welcome) ⚒️Kickstart secondary market for Lens Collects ⚒️Add more cross chain NFT support and actions ⚒️Improve, grow and build! Support our cause. Limited collect for 1 matic, split fee with @lens/paulburke
GM ✌🏾😌✌🏾 New Week, New Opportunities✍🏾
Gm 🍟👀guess where?
This is your Monday morning reminder that you can handle whatever this week throws at you.
**Holding Bitcoin in ‘best interest’ of spot ETF issuers — Analyst** Amid the ongoing hype about the potential approval of a spot Bitcoin BTC $ 42,248 exchange-traded fund (ETF) in January 2024, some industry analysts have expressed concerns about some ETF-associated problems, including the issue of backing. Josef Tětek, a Bitcoin analyst at the hardware crypto wallet firm Trezor, said in December 2023 that spot Bitcoin ETFs may take people further from self-custody and potentially create “millions of unbacked Bitcoin.” Tětek said that such ETFs could possibly end up in so-called “paper Bitcoin” in one of the bad scenarios. Tětek’s statement has triggered significant feedback from the community, with many considering such claims as FUD. In contrast, others raised the question of how one would be able to ensure that an ETF issuer actually holds Bitcoin for its clients. Some crypto observers noticed it would be great to see “actual on-chain addresses” published in addition to the issuers’ BTC holdings reports. It is “unlikely” that ETF administrators would create “unbacked BTC equivalents or misrepresent their backing assets,” according to David Gerard, author of the book and crypto blog *Attack of the 50 Foot Blockchain.* “This is regulated finance by well-known entities, and I don’t think unbacked ETF shares is a realistic threat model,” Gerard told Cointelegraph. Gerard didn’t elaborate on whether clients would be able to track BTC holdings by issuers. AdvertisementTrade smart with instant Markets Pro alerts. Claim your Christmas offer up to 60% and free gifts now!Ad Bloomberg ETF analyst Eric Balchunas compared spot Bitcoin ETFs to gold ETFs, stating that a spot BTC ETF would be very similar. “Gold ETFs are also ’33 Act grantor ETFs. They have been around for 20 years now. And every day, State Street for gold puts how many tons of gold are being held at the custodian. This will be the same thing,” Balchunas said in an interview with Cointelegraph on Dec. 28. The analyst stated: “I can’t overstate how by-the-book these asset managers are, okay. Not only do they not want the legal trouble, they wouldn’t ever want the PR blow up if they didn’t actually hold the Bitcoin nor would they totally short Bitcoin if they didn’t buy it.” Balchunas said that companies like BlackRock or Grayscale are “totally vulnerable” to Bitcoin volatility. “Let’s say they just weren’t buying Bitcoin, sort of like Sam Bankman-Fried style. And all these people had shares in Bitcoin,” the analyst noted, adding: “Not only are they required, not only is there a huge track record, but it’s in their best interest to hold the Bitcoin [...] They just want to provide the access and make the expense ratio, which is whatever 60 basis points.” The only thing that might not be interesting in the spot Bitcoin ETFs — in their current most-likely form of cash-create — is that the investor will not get Bitcoin back instead of cash. “But if you’re the kind of person who wants Bitcoin back, just own it directly,” Balchunas said, referring to self-custody, which is believed to be a significant part of the original vision of Bitcoin by the anonymous creator Satoshi Nakamoto. “But anybody who owns a mutual fund or an ETF, and collectively they have like $ 30 trillion in assets, nobody wants to touch the underlying,” the Bloomberg ETF analyst stressed. Despite many industry observers being confident that there’s no reason for ETF providers to misrepresent their BTC holdings in the cash-create model, others are still sure that there is a problem. “The only way to be certain that ETFs would not lead to any paper Bitcoin claims would be if the ETF shares were redeemable for actual Bitcoin,” Tětek told Cointelegraph. “But since the proposed ETFs are all cash in, cash out, this won’t be the case, and holders will have to trust without any option to verify,” he added.
Todays colour palette: painted skies 10 editions
2023 is almost over, and what a year it's been! It's been one of the best. I won't go on and on right now, but I just want to say that fries have brought me so many good things: investors, great friends, and the best job. Fries are going to make us rich for sure 🍟😈. It's also been a tough year with some rough times of people I thought were my friends who been lying, turning their backs on me and trying to bring me down for strange reasons. But I've been through hell already, so good luck trying to hurt me. 😈 As for 2024, I'm going to keep doing my thing. I’m going to keep opening my big mouth and saying wat i think! I’m gonna keep telling u if you’re a sexist mysoginist weird ass bro. 😇 I'm going to become even funnier and more professionallllll cause I’m @lens/jessyfries Those who believed in the fries will be rewarded because it's about to get huge 🍟 My goal for 2024: become hotter and rich, lmao. and yes, really people of Lens, i 🖤u so much! LFG 💝💕💝
lenny abstraction on midjourney v6
Gm 😈🍟😇Je$$y gang, gang gang gang