There is a narrative that DeFi caused this crash and “DeFi is bad.” DeFi is just a set of tools that enable transparency & decentralization. Centralized parties and black box finance is much worse. Let’s not confuse DeFi with unsustainable yields or broken algo stable designs.

This crypto cycle was even weirder than the ICO frenzy of 2017/18. Here’s my pick of the most ridiculous moments of this cycle. TL;DR We deserve everything we got. 👇

1/ a key global financial regulator, the bank for international settlements Bank for International Settlements, just pre-released a section of the 2022 annual economic report on "the future monetary system". i read the 42 pages for you. here are the most interesting quotes from a crypto perspective:

venturing deeper into the future of finance the comptroller and community multisigs, collectively controlling at least $635MM in funds according to debank, are controlled via 2 of 4 signers etherscan.io/address/0xB174… etherscan.io/address/0x6327…

even if you spend $1billion per second, you can’t buy back the past that is when you realize that you got front run by life itself make good memories now is the best way to hedge for the future

gmerge!

Habemus merge!

Developers: it's a simple feature, users will understand it. Users:

April’s fool day? #ftx #binance

9/ It's imperative that we decidedly move on from the speculative value phase of crypto to the utility value phase, and that's got to be anchored in radically more open and transparent practices.

Something caught my eye on the Porsche NFT mint page that might just change the entire game for everyone. And no one is talking about it... 👇🧵

How is this different from anchor $LUNA? Yes.