Threading on the Edge

There are many posts saying hardware wallets aren’t safe.

With due respect, your wallet’s security depends entirely on your overall opsec.

I still believe they’re necessary. I’ve ended up collecting a few (added more after some hot-wallet hacks).

https://x.com/Eli5defi/status/2089231218831450417

There are 9 days left until Hyperliquid's revenue-share deal with Circle goes live.

This is currently expected to generate ~$163 million in additional annualized revenue for Hyperliquid.

Very excited to see this live.

https://x.com/TheDeFinvestor/status/2089280207567937548

insider of $牛来

0x0121525f755c9e7bbc525bba6672716ab46ced57

https://x.com/lookonchain/status/2089170222205009993

long term, $STONKBROKER doesn't survive. here's the math:

the nft pays you in real tokenized stocks. but where that money comes from?

there is no reserve. every dollar paid to a holder today came from a trade that happened today.

so what pays you? people buying and selling the nft. 70% of the fee goes to holders, 30% to the team.

the people getting paid and the people paying are the same people.

as a group you get back 70 cents of every dollar you put in. you lose 30% every lap.

and the circle is already slowing. i measured the same contract 8 days apart:

price: -1.2%
rewards: -77%

the price barely moved and the engine lost 3/4 of its output. because rewards don't track price, they track volume. nft trades went from ~123/day to ~20/day.

the apr fell from over 100% to 23% in 8 days. nothing bad happened. people just traded less.

and they'll keep trading less, because a round trip through the vault costs 2 eth, 20% of the nft. nobody pays a 20% toll for fun. you need active speculation to justify it. when the speculation stops, the churn goes to 0, and the "dividend" goes to 0.

the floor doesn't save you either. 1 nft = exactly 666,666 tokens. the token and the nft are one asset, so there's nothing to rotate into.

https://x.com/the_smart_ape/status/2088917186744316126

Crypto Watchlist for the week ahead:

https://x.com/TheDeFinvestor/status/2088973731813101966

I’ve been signing up, depositing, testing 10+ crypto cards and neobanks.

I suspect the list of “best crypto cards” today will look very different in two years.

Crypto cards are increasingly easy to launch, easy to subsidize and easy to make look attractive when compared to others.

A few things stood out:

1) Most high-reward cards are renting users, not retaining them
- 5 to 10% cashback looks great
- but for many products just an acquisition subsidy
- I doubt most of these reward rates survive the next 12 months
- The more interesting ones are already designing around sustainable unit economics.

2) Launching a crypto neobank is becoming ridiculously easy.
- With banking, card issuing, custody, KYC and infrastructure increasingly available through APIs, you can get something to market in weeks.
- The result will probably be dozens of new cards launching, followed by a lot of them running out of money or shutting down.

3) People massively overweight upfront fees and underweight recurring ones.
- Someone will reject a card because it costs $10, then happily use a “free” card charging 2% FX instead of 0.5%.
- After roughly $667 of foreign-currency spending, the “free” card has already cost more.

https://x.com/arndxt_xo/status/2089038443536068986

update your macOS asap

⚠️ Hackers exploited a flaw in Apple's macOS screen sharing feature to install Monero mining software

Apple issued a patch, but unupdated devices remain at risk

Source

Especially true in Singapore

Also, most locals were put into a system where you’re brought up to feel “special”

If you were streamed into a gifted programme, went through train, IB, and then local uni, you’ll be very likely thinking:

“I’m the top 10% in Singapore”

And then you head into the real world and Ah Seng whom you bullied in primary school 20 years ago and went to ITE, is now a multi millionaire e-commerce cofounder

And then you realise no one cares about you except the cai png aunty who calls you “Shuai ge” that wants your daily $5

And then you fall into depression

https://x.com/drtnky/status/2088499203714506986?s=46&t=hr2fbvcHJGpvp_SbDstdzg

The bull case for $PUMP

Pumpfun paying KOLs $30k/month to trade 👀

I have my $PUMP thesis, so lets run it back.
Very simply, its cheap on PE vs $HYPE, revenue is consistent, 50% of revenue hardcoded to buybacks until April 2027, therefore up.

What I want to do here in this article is to show that through my analysis the bullish argument becomes weaker than they look.

https://x.com/arndxt_xo/status/2088702579811483889

https://threadingontheedge.substack.com/p/the-bull-case-for-pump

The best stablecoin yield opportunities ($10M+ in TVL).

https://x.com/stacy_muur/status/2088241743888359574?s=46&t=hr2fbvcHJGpvp_SbDstdzg

saw a neighbourhood restaurant in SF hiring waiters for $100k USD/year with bonus + tips

that’s basically what Big 4 consultants make in Singapore loll

https://x.com/0x_zhuang/status/2088516559946080553?s=46&t=hr2fbvcHJGpvp_SbDstdzg

The reality is that you need to be a bit paranoid to make it in crypto.

• Be skeptical of opaque yield farms
• Never download anything unless you're sure it’s legit
• Don’t flaunt your on-chain wealth IRL

There are so many scammers and hackers out there looking to get you.

https://x.com/thedefinvestor/status/2088582465325576681?s=46&t=hr2fbvcHJGpvp_SbDstdzg

This is along the lines of something I've been meaning to write up for a while.

Crypto and Trading are the modern day MMORPG, LARPing literally stands for 'Live Action Role Play' which which half of anon CT guys are effectively doing.

Now with a public financial component based on:
> PnL / Volume
> Social equity
> Activity / Aura

Creator capital economy is heating up

https://x.com/nicodotfun/status/2088306245945950434?s=46&t=hr2fbvcHJGpvp_SbDstdzg

robinhood alpha (only solid)

https://x.com/0xvietnguyen/status/2087891464164716627?s=46&t=hr2fbvcHJGpvp_SbDstdzg

Druckenmiller's family office (Duquesne) publicly disclosed a new $23M position in $PURR(@HypeStrat) last quarter.

The macro legend now has $HYPEexposure, through an equity wrapper, at a FO that doesn't hold tokens directly. Hyperliquid

https://x.com/kirbyongeo/status/2088450560852996235

Did you know that even if a perp DEX checks almost every red flag, it doesn't necessarily mean you're going to get a bad airdrop?

Meet Avantis.

https://x.com/muarmemuar/status/2088227197110636916

INFLATION COOLED. NFP DISAPPOINTED. AND THE FED'S HAMMACK STILL WANTS TO HIKE.

NEXT WEEK: FOMC MINUTES, FLASH PMIS, JAPAN GDP, UK CPI, CANADA CPI, CHINA ACTIVITY DATA, AND AUSTRALIA JOBS.

I've been sourcing how you can earn 17% APY on managed strategies.

https://x.com/thelearningpill/status/2088209681869406294