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0xG00gly
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Imagine spending time with your loved ones when you could be trading this instead.
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Crypto is no longer taxed in Thailand? What did @hentaiavenger66 know?
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For lots of people it feels like the market just pulled back after a very strong performance over the last 3 months Reality is that ETH/BTC and to a lesser extent, SOL, are up decently. Obviously HYPE and FARTCOIN are up a ton and are all over the timeline. And few leading DeFi tokens have massively outperformed the market e.g. AAVE, PENDLE, SKY (though it feels CT has been sleeping on them). But in practice most top100 tokens are... down. Lots of dispersion here, clearly the rising tide did not lift almost boats. Contrary to prior cycles, timing the market is clearly not enough, your asset selection matters a lot. Much harder.
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Algo
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On Plasma's deposit cap raise yesterday, one interesting thing that I do not believe most people realised, is how different $500m -> $750m looked vs. $750m -> $1bn. First $250m - Filled in only 10 blocks. - First transaction of block 1 slightly misconfigured its bot and paid a whopping $12k in fees (please avoid botting to burn your gas like this). - Median transaction size: $30k Following $250m - Filled in 30 minutes. - Plenty of users only had to pay $1. - Median transaction size: $5k Much easier for users to get in including those operating multisigs, hardware wallets, etc. As long as they were awake obviously. It is also pretty obvious that the investor base was slightly different than on Monday (from the change in split of stables + wallets' funding sources).
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If you participated in the Plasma deposit campaign, I would suggest you do your KYC earlier rather than later. I wouldn't be surprised if there is a mad rush to KYC on Sonar close to the public sale. It wouldn't be great to miss it because you waited until the last day.
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