🧵🧠 Cryptosphere's Elite: Twitter Accounts for Alpha
Weekly Digest - Week of April 24th
Hey there fellow crypto degens,
We curate the best educational resources in crypto. Here’s a digest of the top content from The Crypto Illuminati this week.
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📈 The Crypto Twitter Alpha Bible
The article provides a list of 12 must-follow Twitter accounts for anyone interested in staying up to date with the latest trends and insights in the world of cryptocurrency.
Key takeaways:
1. The 12 Twitter accounts listed in the article cover a wide range of topics related to cryptocurrency, including DeFi, NFTs, altcoins, and trading strategies.
2. Following these accounts can provide valuable insights and help individuals stay ahead of the curve in the dynamic and fast-paced world of cryptocurrency.
3. It is important to follow each account to gain a well-rounded understanding of the industry.
Keep reading 🍿
✅ Returning to Shanghai: Essential Ethereum Updates
The Shanghai upgrade for Ethereum 2.0 is now live, which will improve the platform's efficiency and user-friendliness. The article provides updates on its impact on various aspects of the Ethereum community.
Key takeaways:
1. The Shanghai upgrade will make Ethereum more efficient and user-friendly.
2. Investors can now withdraw their portion of the $31 billion stockpile accumulated since 2020.
3. The upgrade will not have a significant impact on Ledger users.
Counter arguments:
1. The upgrade may lead to short-term selling pressure on the price of ETH as investors withdraw money.
2. Liquid Staking Derivatives (LSDs) offer advantages but also come with dangers like slashing and reduced yield compared to traditional staking.
Keep reading 🍿:
🔥 America's Crypto Flame: Flickering or Dying?
Chamath Palihapitiya, a long-time Bitcoin advocate and venture capitalist, expressed disappointment in the state of the US crypto industry due to regulatory actions, causing companies like Coinbase and Bittrex to consider relocation plans.
Despite this, Palihapitiya remains a believer in Bitcoin and cryptocurrencies at large, with the industry's future growth likely to occur outside of America.
Key takeaways:
1. Regulatory actions are stifling the growth of the US crypto industry, causing companies to consider relocation plans.
2. Palihapitiya remains a believer in Bitcoin and cryptocurrencies, with the industry's future growth likely to occur outside of America.
3. Republican Financial Services Committee Chairman Patrick McHenry criticized SEC Chairman Gary Gensler's regulatory approach, arguing that it drives innovation overseas and threatens American competitiveness.
Counter arguments:
1. The SEC's actions are aimed at protecting investors and ensuring compliance with financial regulations, which is necessary for the long-term growth and stability of the crypto industry.
2. While regulatory clarity is important, companies should not be allowed to operate outside of the law, and relocation should not be used as a way to avoid compliance.
Keep reading 🍿:
✌️ The AIP 1.05 Saga: Decentralization Wins the Day
The article discusses the failure of AIP 1.05, a proposal to change the governance structure of the Avalanche network, due to community opposition. It highlights the importance of decentralization and community involvement in crypto governance.
Key takeaways:
1. AIP 1.05 proposed a new governance structure that would give more power to project owners and less to token holders, but it ultimately failed to win community support.
2. Despite the disappointment of project owners, the defeat of AIP 1.05 highlights the importance of transparency and decentralization in the crypto community.
3. The proposal aimed to return 700M $ARB to the treasury, but the community's opposition prevented this from happening.
Counter arguments:
1. Some may argue that giving more power to project owners could lead to more efficient decision-making and development on the network.
2. Others may argue that the existing governance structure, which gives power to token holders, is not always effective and can lead to conflicts of interest.
Keep reading 🍿:
Do you think there will be a mass exodus of crypto companies outside the US? |