The Illuminati Weekend Reads
There's nothing like browsing through the BEST crypto reads on a Monday.
Russian DeFi
March 13, 2023
The Illuminati Weekend Reads 📚
There's nothing like browsing through the BEST crypto reads on a Monday.
Find your next read with The Crypto Illuminati👀
TL:DR🍿:
Ordinal inscriptions enable users to store, trade, and exchange digital artifacts on the Bitcoin blockchain.🍊
Spiral misjudged the correlation risk & failed to plan for adequate liquidity.💧
Decentralized Science(DeSci) supports the long tail of therapeutics research to achieve life-changing outcomes.🥼
Artificial intelligence still has a lot to learn and unlearn.🤖
Silicon Valley Bank sold off a $21 billion bond portfolio for a huge loss to shore up liquidity.🏦
Wealth preservation and capital protection are important for playing the long game in the crypto space.💰
Reads📚:
Ordinal inscriptions enable users to store, trade, and exchange digital artifacts on the Bitcoin blockchain, with the market expected to reach $4.5 billion by 2025 | Source
Spiral misjudged the correlation risk & failed to plan for adequate liquidity, resulting in a death spiral with Silvergate | Source
Decentralized Science(DeSci) supports the long tail of therapeutics research to achieve life-changing outcomes while preserving economics | Source
The CEO of Ava Labs, Emin Gün Sirer, is unimpressed with artificial intelligence, despite the buzz it has generated throughout the crypto industry | Source
Silicon Valley Bank $SIVB is in trouble, as it sold off a $21 billion bond portfolio for a huge loss to shore up liquidity | Source
The most important details in playing the long game in the crypto space will forever be wealth preservation and capital protection. | Source
DeFi protocols are being integrated with existing banking systems, DAO treasuries are amassing real-world assets, and legacy gaming firms are entering Web3 | Source
The DeFi space comprises hundreds of protocols and chains, but only a few of them are profitable. | Source
The main tradeoff that cross-chain applications must consider is between reversion risk and latency. | Source
Traders exploit funding rates to increase their potential risk-adjusted returns by using delta-neutral strategies such as the cash and carry trade, which involves buying and selling the asset in equal size and price to eliminate leg risk. | Source