Alex Woodard
@Crypto_Alex17
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Levered long fake internet money, governance enjoyooor, opinions strictly my own. analyst @Arca
Los Angeles, CA
Joined February 2018
Concluding from the HYPE price action that no one took the time to do the math --- 1. 2.6M was unstaked 2. ~850k was restaked immediately (because these were staking rewards not unlocks) 3. ~600k got sent to the DAT (removing token side sell pressure) 4. Four employees restaked
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The problem isn't crypto projects generating revenue, it's that 99% of them shouldn't have a token. If a crypto project has a token, it should try and generate as much revenue as possible to create the most value for token holders. Fees serve as incentives to compete, and
You guys realize that the entire point of crypto was to democratize finance right? It wasn't for Hyperliquid and Uniswap to make a billion dollars a year and then for you to get rich off them. The goal is for them to make zero dollars a year
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🚨Proxy Advisor ISS Recommends $CORZ Investors Vote Against Deal 🚨ISS recommends $CORZ Investors Reject Bid $CORZ +3%
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Kudos to the @rage_trade for this wind down. The majority of projects aren't gonna make it so this sets a good precedent vs burning through the entire treasury before quitting. Good for the team looking to exit, good for investors 🤝
Winding Down Rage We are winding down Rage and returning funds to token holders and investors. Here’s the planned distribution (approximate): Investors (unsold / unvested tokens): settled at 2.1× entry price Liquid holders: settled at $0.42 per $RAGE Team: settled on token
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⚡️ JUST IN: Hyperliquid recorded $330.8B in trading volume in July, surpassing U.S. brokerage giant Robinhood.
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The SEC's new "Project Crypto" is the most bullish thing I've seen in a long time from a regulator. Read the speech, it's incredible: * Almost all tokens are not securities * Want to discourage decentralization kabuki theater * Americans should not get excluded by IP/VPN blocks
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3 best fundamental performers in on-chain finance YTD have been 1. $SYRUP 2. $HYPE 3. $EUL None had viable CEX listings at the most attractive price points given to investors. HYPE and EUL still lack Tier 1 exchange listings. I'd argue the reason why exchanges prefer to list
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We need to fix the broken, archaic & inconsistent market cap formulas in order for crypto to thrive! Arca proposes "Adjusted Market Cap", which we feel more accurately reflects a token's true valuation. We hope this becomes the new standard. A thread 👇
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@jdorman81 at @arca is interested in Core Scientific. Core Scientific (NASDAQ: $CORZ) is in the final stages of its major business pivot from BTC mining to AI/HPC hosting. Last June, CORZ announced a 200 MW, 12-year contract to host Coreweave's GPUs for a total contract value
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So @coinbase gets listed on S&P 500 and immediately follows that up by: 1. Admitting their overseas customer support employees were getting bribed by hackers since January to leak sensitive user data 2. Attempts to block the US Stablecoin bill to unethically expand regulatory
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Tokens are Broken Tokens are broken for teams who spend too much time looking at price charts and not enough time focused on customers and product-market fit. Tokens are broken when morale fluctuates with macro and market beta, and for teams attempting to negotiate funding
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So much more can be done on the IR side (Investment Relations) for protocols w tokens - 1-3 min vid updates from founder about protocol updates + numbers - quarterly "reports" ; just basic deck, nothing too fancy none of these take a huge amount of time, but will have a huge
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The conversion to HPC/AI DC arb is heating up.👀
Activist investor Starboard is said to have taken a position into #bitcoin miner @RiotPlatforms to push $RIOT to convert some of its mining sites into data centers, WSJ reported. by @Aoyon_A
https://t.co/h84oqT2bAb
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it is obviously clear that the new meta is launching your token at reasonable valuations, giving liquid buyers substantial upside vs playing insider extractive games
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Bull market check-in: TLDR it pays to pay attention. The market has been yelling at everyone for 3 months (Sep 6th start of the rally) what the ideal portfolio is: -BTC -SOL -Blue Chip Memes - SOL Eco - Base Eco - Crypto Equities - AI Tokens
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We are pleased to share that we have signed a Letter of Intent (LOI) with @BlockTower to enter into an all-equity deal, merging our brands, which can unlock synergies and provide growth opportunities. Learn more. 👉 https://t.co/9vHDLgnkQU
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It was a pleasure to join @qthomp on @OnTheMarginPod. The oldest sector in crypto is undergoing a fundamental shift. Below, we explore the transition of BTC mining facilities to AI / HPC data centers, AI demand's mismatch with U.S. energy supply, the future of compute, and more.
New episode out now! @joshsolesbury @qthomp We discuss: - The bitcoin mining industry - The ongoing transition to AI/HPC - Industry risks & bottlenecks - The future of mining & much more! Links below ↓
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Thoughts on pure-play miners:
@chris34567 @jdorman81 Jumping in for Jeff - Directionally they have the most operating leverage to BTC given FASB and higher BTC typically leading to higher hashprice. That being said, there are a lot of costs that need to be paid and that has been coming from equity and debt issuance YTD.
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