Stock markets show consistent Monday recovery patterns
βThe stock market, look at this pattern. We open Monday lower than we open on Friday, and then we start climbing pretty quickly, pretty aggressively. This is last week's Friday and Monday. This is the week before Friday and Monday, and this is the week before Friday and Monday. For a month straight, we've been seeing the same pattern here. And so if this holds, maybe this is just going to be the fourth week in a row.β
βAfter they started selling Bitcoin ETFs to their clients, Bitcoin would pump from about 40,000 to a little over 70,000 very, very quickly. Now, this is March of 2024 I'm going to go ahead and put a horizontal line right here. And you'll see we retested this one time before we had our nice push up to 126,000, where we eventually topped out. You can see we came back down, got very close to retesting it right there.β
Licensed S&P 500 perps on Hyperliquid are a massive DeFi milestone - the official licensing by S&P Dow Jones Indices for onchain derivatives is a market-shifting event that the panel believes is currently underpriced.
The Ethereum Foundation's new mandate signals planned obsolescence - while the EF is codifying its own diminished role, the panel argues that the foundationβs long-term influence is already naturally fading as the network matures.
βThe re-staking platform was exploited. Nearly $300 million were drained in an attack. Now, this is affecting primarily nine crypto protocols, nine DeFi protocols. I have the list right here. Aave, Sparklin, Lido, Fluid, Athena, Compound, Yearn, Layer Zero, Euler, Upship, Pendle and Bifi. So if you hold any of these tokens, maybe be very careful.β
Stock markets show consistent Monday recovery patterns
βThe stock market, look at this pattern. We open Monday lower than we open on Friday, and then we start climbing pretty quickly, pretty aggressively. This is last week's Friday and Monday. This is the week before Friday and Monday, and this is the week before Friday and Monday. For a month straight, we've been seeing the same pattern here. And so if this holds, maybe this is just going to be the fourth week in a row.β
βThe re-staking platform was exploited. Nearly $300 million were drained in an attack. Now, this is affecting primarily nine crypto protocols, nine DeFi protocols. I have the list right here. Aave, Sparklin, Lido, Fluid, Athena, Compound, Yearn, Layer Zero, Euler, Upship, Pendle and Bifi. So if you hold any of these tokens, maybe be very careful.β
Morpho gains traction following Aave protocol freeze
βI'm personally going into Morpho. Like I'm of the opinion that when you see a giant fall, another one will rise. Morpho is starting to nip at the hills. It's been on a stair step up to the right. And the lending for Aave is down to 17 Bill, but Morpho is actually increasing. It's just about 6.59 Bill. It's number two. And generally, that sharp decline right here on the overall TVL graph is showing the pain caused by this Aave exploit.β
βI think you can short here, short ETH from $23 all the way $1,000 by end of year. Do you have any end of year price targets for us? Oh, man. I mean, by end of year, I think that ETH is actually going to be closer to like $27, $3,000 by the end of the year. That's that's me personally. I don't think that what we just saw in this DeFi exploit is enough of a catalyst to send ETH to $1,000.β
βI think you can short here, short ETH from $23 all the way $1,000 by end of year. Do you have any end of year price targets for us? Oh, man. I mean, by end of year, I think that ETH is actually going to be closer to like $27, $3,000 by the end of the year. That's that's me personally. I don't think that what we just saw in this DeFi exploit is enough of a catalyst to send ETH to $1,000.β
βAfter they started selling Bitcoin ETFs to their clients, Bitcoin would pump from about 40,000 to a little over 70,000 very, very quickly. Now, this is March of 2024 I'm going to go ahead and put a horizontal line right here. And you'll see we retested this one time before we had our nice push up to 126,000, where we eventually topped out. You can see we came back down, got very close to retesting it right there.β
Morpho gains traction following Aave protocol freeze
βI'm personally going into Morpho. Like I'm of the opinion that when you see a giant fall, another one will rise. Morpho is starting to nip at the hills. It's been on a stair step up to the right. And the lending for Aave is down to 17 Bill, but Morpho is actually increasing. It's just about 6.59 Bill. It's number two. And generally, that sharp decline right here on the overall TVL graph is showing the pain caused by this Aave exploit.β