Matt Curda (@mattcurda) • Hey
Investor | Adviser | Speaker |
Crypto Twitter with daily news 👉 https://twitter.com/MattCurda 👈 |
Weekly highlights and deep-dives 👉 https://metainves
Publications
- Testing how this works
- Dencun upgrade is coming to mainnet in 4 weeks.
It promises critical improvements across scalability, security, and efficiency.
What should we expect?
- Testing the power of cross posts with @yup
- X is planning to introduce a null annual fee for its users.
The "Not A Bot" subscription model will initially launch in New Zealand and the Philippines, where there is a high concentration of bots.
Under this model, new users who choose not to subscribe will have limited access.
- We see it all around.
Bonds are crashing, the yield is the highest in 16 years, and we have a unique scenario.
**What does it actually mean?**
***First the impact on the government:***
Rising yields mean the government faces higher borrowing costs when issuing new debt.
This could strain public finances, especially if the government needs to roll over significant amounts of maturing debt at these elevated rates.
Significant stakeholders in the U.S. bond market, such as banks and pension funds, are faced with the potential losses on their bond portfolios.
For banks, this can impact their capital ratios and overall financial health (SVB).
Pension funds, on the other hand, may grapple with funding gaps, resulting in an inability to pay the pensions.
**Extreme scenario** - If these institutions encounter severe distress, the government might need to step in, orchestrating bailouts or other interventions to maintain financial stability.
In a worst-case scenario, an unchecked slide in the bond market could snowball into a broader liquidity crisis, challenging the government's ability to ensure smooth financial market operations.
***What does it mean for investors?***
**Bond Prices & Yields** - Bonds and their yields share an inverse relationship. When bond prices rise, yields fall, and vice versa. As investors sell off bonds, their prices drop, leading to a rise in yields.
With bond yields skyrocketing, those investing now stand to lock in these high yields.
**Risk** - If interest rates continue their upward trajectory, the bond's market price might further plummet. While holding the bond till maturity guarantees the return of the principal amount, an early sale could result in losses.
**Stocks & Crypto** - The considerable yield opportunity on the low-risk bond market might attract more investors, which would result in the liquidity flowing from riskier assets, such as stocks and crypto, into bonds, lowering the prices of the risky assets.
What's your strategy in navigating these important macro situations?
- Discover the future of social networks with #SoFi. Explore platforms like Friend.tech and Post.tech, and see if they're the next steps.
- There is so much happening that it's simply impossible to follow everything.
On one side there's the traditional news like the Fear and Greed index coming down to "Extreme Fear".
On the other, we have the crypto news.
Let's explore the highlights
A U.S. federal judge has rejected the SEC's motion for interlocutory appeal.
- The judge set another trial date in April 2024.
- Until then, the @SECGov still has time to align their statements and prepare solid arguments.
- $XRP gains +5% on the news
- Check insights by @BillHughesDC and @attorneyjeremy1
First time in history, the House of Representatives removed its leader, @SpeakerMcCarthy
- he’s being replaced by @PatrickMcHenry
- Patrick is a crypto fan who showed multiple times support for the @Grayscale ruling and questioned the SEC’s approach
$ETH Futures ETFs went live in the U.S. on Monday. Their performance is “meh”
- 9 funds, 5 of which hold only Ether-based futures saw a combined trading volume of just $6.6m
- For comparison, the ProShares Bitcoin Strategy ETF (BITO, the first US $BTC Futures ETF) made over nullbn in the first 2 days of trading back in 2021
- For great updates on the ETF situation follow @EricBalchunas
People are reporting SIM swap attacks on their @friendtech accounts
- SIM Swap attack is when a hacker tricks your service provider into connecting your phone to the hacker’s SIM card
- @darengb was robbed of 22 ETH and warns that every doxxed Twitter account (you use the real one) with your phone number can be exposed
- @ManifoldTrading offers a nice solution in the form of enabling 2FA
On a similar note, there is a new player entering the #SoFi arena. Welcome @starsarenacom
- In the last 2 days the usage exploded and today this new network sees 65% of SoFi transactions
- Thanks @CryptoKoryo for the great Dune Dashboard
And that's it folks, see you tomorrow
- What are your top 3 rules for #CryptoInvesting? Share your wisdom with the community. #InvestSmart 🎯
- Before investing in a #Web3 project, ask yourself:
'Do I understand what this project does? Do I believe in its long-term vision?'
If the answer is no, maybe it's not the right investment for you. #InvestWisely 🤔
- Remember: in the world of #Web3, your voice matters.
By owning tokens, you often have a say in the project's future. #DecentralizedDemocracy 🗳️
- The lines between gaming and finance are blurring.
In the world of #PlayToEarn, the time you spend gaming can be an investment in its own way.
Play hard, earn hard! 🎮
- What's one common #CryptoMyth that you wish people would stop believing? #CryptoFactVsFiction 🧐
- Crypto investing isn't just about buying low and selling high.
Consider staking, providing liquidity, and yield farming as alternative strategies to grow your portfolio. #DeFi 🌿
- How has investing in #Web3 changed your life? Share your story. #CryptoJourney 🌐
- In the realm of #NFTs, the concept of 'ownership' takes on a whole new meaning.
Owning a unique digital asset isn't just about possession, it's about being part of a community. #Web3Community 🖼️
- What's your favorite tool or platform for tracking your #CryptoInvestments?
Share it with the community. #CryptoTools 🛠️
- #Web3 isn't just a trend.
It's the next step in the evolution of the internet.
Stay informed, stay ahead. The #future is open. 🚀
- What's one #Web3 concept you wish you knew more about? Let's learn together! #CryptoEducation 🎓
- Remember: #Web3 investing is a marathon, not a sprint.
A well-balanced portfolio and patience are key to long-term #success. 🏃♂️💰
- Interested in #DeFi? Remember to do your due diligence.
Assess the project's use case, tokenomics, and team before jumping in.
#APY isn't everything. Always stay informed. 🔍
- Which #Web3 project do you believe will have the most significant social impact and why? Let's talk about #CryptoForGood. 🌍
- GM builders, investors!
Let's share some highlights of this week, shall we?
💥#Ripple and #Solana exploded!
👉 Remember the U.S. Securities and Exchange Commission case against #XRP?
👉 Well, Ripple had a partial victory last week, which sent $XRP +54% and $SOL +35% in a single day to 2023 ATHs.
🌌 Beijing plans to train 10,000 engineers each year in #blockchain, AI, and Big Data.
👉 Plus creating Beijing #Metaverse Innovation Center.
👉 Alibaba is already in #Web3, Tencent as well, I'm quite bullish.
⚡ The Flash as a #Web3 dynamic movie experience?
👉 As you watch the movie at home in 4k UHD, you can collect key art (#NFTs), discover hidden easter eggs, or various #AR collectibles.
👉Hard to notice through all the #Barbie noise, but kudos to Warner Bros for this experience!
📰 #EthCC updates:
👉 @uniswap.lens is launching a new trading protocol - #UniswapX with built-in gas fees and better liquidity.
👉 @chainlink.lens launches Cross-Chain Interoperability Protocol (#CCIP) on EVM.
👉 @lensprotocol is introducing #Lens V2 --> Doing Web3 directly from your social profiles.
Happy weekend! 🌅
- 3 thoughts people don't realize when #staking
(1): High APY = Inflation
(2): On CEX you don't pay gas
(3): Extra benefits
Comment for a free Web3 #investment kit.
📉 Inflation & APY
Sole APY is one thing, but when you see a high APY it usually means an inflationary token.
Tools like @StakingRewards can quickly show you APY adjusted by inflation
⛽ Think about the gas
On ETH you pay $5-10 for transaction
If you stake $250 worth of #ETH, that's 4%
An extra 2% a year is simply not worth it if you pay 4% just to stake.
🎢 Check other benefits
Many projects offer various benefits when you stake their tokens.
It can be better yield ( @Nexo ), pre-sale allocations ( @SeedifyFund ), or governance ( @WAX_io ).
👉Hope this brings you some value and next time you think of #staking you remember to check more than just simple #APY ;-)
I did a deep dive into LSDs, next time we can cover @lidofinance and how powerful it can be.
If you want, comment on this post and I'll share with you my #Investment starter kit 🤜🤛
- Ever had a #CryptoAhaMoment that changed your investing strategy? Share your lightbulb moment with the community!
- In value #investing, you seek undervalued assets.
In #Web3, it's more about undervalued markets.
Spotting the next big innovation before it erupts.
Invest cautiously, #DCA, and hold on tight!
- Hello Investors!
This week we'll reduce the complexity of Web3 investments into 4 core areas: Infrastructure, #DeFi, #NFTs, and Gaming & #Metaverse.
Plus for those that are very new to the world of #Web3, I prepared a simple starter kit you can explore, showing you the very basics and where to start.
Check it out: https://metainvestor.substack.com/
But before that, some highlights of this week:
📊 New DappRadar Industry report is here.
👉 Web3 apps see 7.97% more users in Q2’23 compared to Q1’23.
👉 37% of users are in #gaming (compared to 45% last quarter), but thanks to CEX user outflow, #DeFi is rising to close second with 32% (from 23% last Q).
🕵♂️ “First crypto intelligence platform” is not as good as people think?
👉 I recently discovered Arkham. I thought they were using bounties to “doxx” people around: connecting your personal information with your wallets.
👉 I was assured this is not the case. Yet… Seems like your email is shared even in the referral itself and it's exactly what it is about.
📃 #GDPR, now in your Metaverse?
👉 As per CoinDesk, someone leaked a European Commission strategy paper.
👉 The good thing is, it seems like the EU wants to support the new innovations, like #DAOs, not blocking them (right US?).
👉 They plan to come up with some pilot regulatory sandboxes to test short-term projects under a lighter regime while preserving EU values and fundamental rights (here the GDPR).
🏃♂️ Binance is losing its executives
👉 Chief Strategy Officer wants to spend more time with family, the Senior VP of Compliance needs to lose weight, and General Counsel just left.
👉 In crypto when something starts to go bad, it usually ends up very bad.
- Making the right moves in the #Web3 world is a mix of caution and courage.
Here are the dos and don’ts of Web3 #investing that every newcomer should know.
---
Web3 investments are a new terrain, even for seasoned investors.
✅DO your homework.
From #NFTs to #DeFi, understand what you're getting into before you dive.
---
Many have lost money by not preparing for the volatility of cryptocurrency.
❌DON'T invest all your savings at once.
Diversify and pace your investment.
---
Web3 is full of decentralization and transparency.
✅DO verify the authenticity of the project you're investing in.
A little diligence goes a long way.
---
Last but not least,
❌DON'T chase the hype.
While #FOMO can lead you to make hurried decisions, patience, and persistence are usual winners in this space.
- Making the right moves in the #Web3 world is a mix of caution and courage.
Here are the dos and don’ts of Web3 #investing that every newcomer should know.
---
Web3 investments are a new terrain, even for seasoned investors.
✅DO your homework.
From #NFTs to #DeFi, understand what you're getting into before you dive.
---
Many have lost money by not preparing for the volatility of cryptocurrency.
❌DON'T invest all your savings at once.
Diversify and pace your investment.
---
Web3 is full of decentralization and transparency.
✅DO verify the authenticity of the project you're investing in.
A little diligence goes a long way.
---
Last but not least,
❌DON'T chase the hype.
While #FOMO can lead you to make hurried decisions, patience, and persistence are usual winners in this space.
- Which emerging #Web3 technology are you keeping an eye on? Let's discuss the future! #CryptoTrends 👀
- Risk profiling in traditional investing is based on market history.
In Web3? What history? 🤷♂️
But there is, just search for the patterns and learn from them.
ATHs will come and go, either #HODL forever what makes sense (not #meme), or sell the hype.
- Years investing in #Web3 taught me 2 important lessons
(1): There's money in crypto everywhere, but I can't be.
Focus on one area which I can follow and make proper due diligence.
(2): Do the boring stuff.
DCA into blue chips to get 60% p.a. rather than chase the #unicorns.
- An interesting aspect of #PlayToEarn games: They combine all we know in #Web3.
NFTs, Tokenomics and micro-economies, DeFi with staking & liquidity, ...
Invest smart, play for fun. 🎮
- The secret to success (not just in #web3 and #NFTs)
(1) #Help others
(2) Make sure money isn’t your only #focus
(3) Love what you do
(4) Be kind
(5) Be yourself
None of this is easy.
But it’s worth it.
- I'm still 100% bullish on #NFT in gaming
but people should realize it's not a silver bullet
I love the transparency and work with #data.
On-chain is like an open kitchen. If you want, you can see how they prepare your meal.
What's your favorite use case?
- What's moving the market this #week?
Full article https://metainvestor.substack.com
Mike Wilson (@MorganStanley) predicts a 25% downside, but is optimistic towards 2024
@BCG released a study showing financial wealth shrank for the first time in 15 years.
@LEGO_Group is partnering with @FortniteGame to explore the #Metaverse
@yugalabs ($4b web3 company with CEO from @Activision) release new game
Big tech bets billions on #AI --> @awscloud launching $100m, @salesforce plans $500m, @Workday $250m, @Accenture_US $3b, @PwC nullb and @Dropbox even started its first fund. All into AI.
What is your #news of the week?
- This week was a wild ride.
BTC is finally over $30k and we have some great updates:
💥 **Citadel**, **Fidelity Investments**, **Charles Schwab**, **Paradigm**, and **Sequoia Capital** started a new venture in Sep'22 - **EDX Markets** (Crypto exchange).
👉 Now they kicked it off and onboarded a few big names into the game.
👉 New money new gains, **BTC +8%, ETH +5,6%**
💥 **Deutsche Bank** is stepping in, applying for a regulatory license to operate a custody service for digital assets (cryptocurrencies).
👉 Curious to know about others? **JPMorgan Chase & Co.** is doing **#DeFi** since before there was any DeFi and **Citi** leveraged blockchain for 1st trans-border sale with no paper documents.
💥 **BlackRock**, the world’s biggest asset manager filed for a Bitcoin ETF, allowing retail investors to get easier exposure to Bitcoin.
👉 It’s not alone, **Invesco US** and **WisdomTree Asset Management** also filed for a Bitcoin ETF.
💥 Gods Unchained (**Immutable**) launched on **Epic Games** and **LVMH** partnering with **Epic Games** to bring fashion shows another step closer to **#metaverse** with **Fortnite**
💥 Lastly, **International Monetary Fund** is preparing a platform for CBDC (Central Bank Digital Currencies)
We will dive deeper into **Evmos** and how **Meta** wants to bring younger kids into the AR/VR world.
What else is happening that I missed? 🤔
Check out the details at: https://metainvestor.substack.com/
- Time to explore something new, foolish, and exciting!