Seems like they’ve finally found out that they can’t stop it… From 2024 banks are allowed to hold up to 2% crypto in their reserves.

I don’t expect a significant inflow from that all of a sudden. Banks are moving slowly, but they can’t afford not to have at least a little exposure. And once they get more comfortable with it, they might ramp it up to the full 2%.

Ledger really tries to get rid of their customers!

We really have to question Ledgers security measures. It really shouldn’t be possible that a phishing link can have such an impact in a “SECURITY COMPANY”!!! This should be technically impossible!

But as a paranoid bozo, I tried a few alternatives! So here you go…

On-Chain Look

After a small dip, stable TVL is still in an uptrend and it seems it won’t break in the near-term, since everyone is anticipating the BTC ETF approval.

Solana is currently the hot shit and even overtook Ethereum with DEX volume this week.

I already told you in November to have exposure to the top projects. A lot of them made 10x since that tweet.

But there’re still 10x to go for TVL ATH. Just imagine what that means when $9B are added added to the eco.

7D net flows:
1. OP - $62.8m
2. ARB - $56.8m
3. Polygon - $24.6m

Base (37.5%) and Fantom (23.4%) experiencing some significant stablecoin inflow.

7D net CEX flows:
• BTC +10k (+0.48%)
• ETH +58k (+0.36%)

The most bought coins with fresh addresses in the last 7D:

I added FLIP to the watch-list.

DeFi Updates

Talking about Solana airdrops, there’s an NFT Project, ZKitty that’s doing the farming for you.

@defitrader_ is one of the co-founders, which is definitely a quality trait.

The mint date for their next collection got postponed. The new date is TBA.

I’m going to be a guest in one of their spaces soon. And there’re NFTs to win, so hop in and you might be lucky.

Is Plutus coming back? The new plsRDNT V2 looks kinda cool. And they finally paid the missing plsARB plus a little delay bonus of 5% in esPLS.

The quality on Mantle can’t be denied. Unfortunately, the hype is completely missing, or should I say fortunately… I’m sure this is going to change in the near future and people will see what’s going on there.

If you haven’t mint your Mantle SBT, you can use my ref-code and get 100 Miles extra.

Neon could be a fantastic play. It’s an ETH Virtual Machine on SOL that allows developers to scale ETH dApps by using SOL.

I literally can see the narrative!

• MCap: $51m
• total sup.: 1B
• Major unlocks in June 2024

Lumerin is also an interesting RWA project, which makes BTC hashpower tradable.

• MCap: $39m
• total sup.: 1B

Investing

This is a thread you should read!

When you read it, you wonder if this dude is actually serious about it. And yes, he’s damn serious.

This shows how we often overthink too much and block ourselves from something great.

I often have a strong feeling about a coin, just to find out after a few days that it made 10x. And I only miss, because I have this thinking that I need to do a lot of research.

Yea, you shouldn’t ape into every token because of a little itching. But sometimes our guts are right.

ETH is currently the most hated eco and coin. But numbers tell something different and it won’t go nowhere, especially when the ETH ETF is going to trend.

Nevertheless, Mochi makes a good point and if you don’t do at least $10k swaps regularly, the mainnet isn’t for you.

I also closed basically every position I had on mainnet. I just don’t want to pay $800 fees in the bull. But L2s are still affordable and most of the innovative stuff is happening there.

However, a lot of huge chances are on other L1s.

TIA for example grew to one of my biggest holdings. And my front-page thesis getting validated with every move.

Since the focus is on JTO, MNDE had a good correction and is becoming interesting. I got a little bag, but waiting for confirmation.

Bought some more FXS for the halving thesis happening on Dec. 20th

Added very small amounts of LMR and NEON

Macro

Most people don’t have a recession on their radar. Being prepared this can happen is very important. That’s why I mention it so often.

Stay Sexy!

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