Feeling conflicted, with both BlackRock and Cathie Wood expr | beaniemaxi on Binance Square

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Feeling conflicted, with both BlackRock and Cathie Wood expressing interest in getting long the Circle IPO in a big way. Will have to pass.

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Billions liquidated in the crypto markets the last few days. All this with relatively flat price action. What we’ve got is a gambling epidemic. 40x leverage has been normalized. Not gonna end well.

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People saying James Wynn is hedging his bets and playing both sides of the trade really don’t understand how derivatives trading works. It’s virtually impossible to hedge a 40x leveraged position. You’ll be eaten alive by the trading platforms and market makers.

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Garga making some big brain moves selling non-core assets to focus on the BAYC ecosystem. Should never have acquired any of these assets to begin with. But I think that was the prior management (with VC influence). But I think this house cleaning is just what the doctor ordered.

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I really do want Solana to make it. And I’m heavily invested in its ecosystem. But its gotta learn from Ethereum’s mistakes. Never rest on your laurels. Crypto industry has the most aggressive and ambitious entrepreneurs around. They’ll eat your lunch, if you leave the door open.

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SEC says that staking activity are not securities transactions. This pretty much changes everything. DeFi is about to moon. Same with my crypto venture portfolio.

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Odious trader James Wynn 🐳 stated on his X: "I have exposed

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