👀 ok this is interesting… the IRGC has taken a ship hostage directly (not through a proxy). Taking a lesson from their Hamas playbook?

Alex Mashinsky removed the Celsius ponzi portion of his career from his resume.

It is almost like he'd like people to forget that he, his wife and friends swindled billions of dollars from their customers as a feeder fund for the Tether fraud.

Odd. 🦜

Average Funding is still positive, for now.... but Ethena's entire survival is built on assumption it won't drop negative for an extended period of time.

If it goes very negative, expect a run on Ethena redeems (which could pull down $ETH)

⚠️🚨 $ETH Funding Rates have flipped negative on multiple platforms

Don't worry tho, it's not like Ethena built a $2.5B $ETH-backed, totally not ponzi-scheme, stablecoin that depends almost entirely on $ETH Funding Rates not being negative

Oh wait.

⚠️🚨Ouch! Looks like Mich has been buying mansions again

He had $40M blown off his DeFi position today...w/ ~$50M in $CRV & $cvxCRV backed loans getting into sketchy positions

(UWU Lend position in particularly in bad spot)

👀If $CRV drops not much more, look out below!

🚨🚨🚨🚨 Seeing many reports of users unable to withdraw $USDC from Coinbase

👀

I’d let you know Mich’s response but he blocked me a while ago after I called him out for buying mansions with $CRV leverage and crashing the market 🤷‍♂️

⚠️🚨⚠️ The US is ramping up rhetoric calling for sanctions on banks & companies helping China send components to Russia

This has all coincided with the article accusing Tether / Tron of facilitating China-Russia military component trade

It’s coming⏳

Paid in Tether

oof, guess I should’ve waited 5 minutes to post that to make my point 😀

⛽️🧠 The question of how much $BTC works as a flight to safety asset isn’t really relevant to price action in times like this

Whats more relevant is the billions of $ in other coins leveraging up the entire crypto market that are most definitely not flight to safeties