IgnasDefi

Crypto still looks attractive for asymmetric trades.
No need to hold 100% of your net worth in crypto like BTC or ETH.
You can be fine with S&P500 or Q.
Instead, put 10% or even 5% of your portfolio to asymmetric trades that crypto offers.
For me, it's something like $TRUE for challenging Polymarket and $BP for next big CEX+tokenization trade.
But there are and will be many more.
We had $ZEC and $HYPE that were relatively 'easy' trades if you were following CT.
Chasing those trades is fun and I will stay in crypto for it.
But my time of 100% allocating to crypto is behind.

Feels like we're out of short-term narratives why crypto can pump.
Sure, there's institutional adoption but they get most of upside without buying our coins.
Thus betting on that adoption via tokens is meh: upside seems to be in equity or private markets.
Crypto was supposed to solve this!
Worse, seems that many crypto tokens are here to pay for institutional partnerships instead of accruing value to them. We're exit liquidity here.
HYPE got the NYSE news and now the trade played out. Currently waiting for all licenses and see how much it affects buybacks.
AVAX partnership will 'provide core

$ZEC dumping on Vitalik's $ETH as SoV pivot.

wtf happened?

With AI Trade done, the only solution to leave permanent underclass is crypto.

Love being a "KOL"
So much better to complain about everything instead of building anything.
Truly liberating. True European experience

The Death of KOL-as-a-VC is a fun one:
Just until recently KOLs were actively investing in private/seed sales at better terms than top VCs.
I used to get tons of invitations to join sales at lower valuations & shorter lockups.
That all dried out.
And KOLs who actively invested in seed are mostly rekt.
But I think believe projects should try to onboard ambassador/believer KOLs to help them grow.
But choose quality over quantity. One to three flag bearer KOLs will do you good.
On the flip side, an extractor KOL will damage reputation for good.

Small rant: Dune Analytics was my go-to website for crypto data.
Now, can't find any relevant dashboards as search sucks and when I do they're synced weeks/months ago.
Blockworks also pay-walled best charts.
Thankfully Defillama is still here. Chads.
*rant end

Crypto mostly up while Trump Crime Coins down:
$TRUMP & $MELANIA down double digits
$WLFI would go down more if they didn't control most of tokens & locked most of investors.
The nature is healing

KAST decided not to do a TGE.
Eligible points will become 'KAST Pioneer Units' in December.
Basically, points they might pay out later, but don't have to.
No equity, no voting rights.
Unfortunate that tokens are becoming unattractive to crypto native teams.
Something like Backpack stake for equity model with revenue buybacks for token would've been sexy.
But I'll let them ship

There's a market demand for user-friendly, multi-chain multisig wallet.
Where you can use your Ledger/Trezor, phone or/and email, 2fa codes as signers.
Safe is amazing but only EVM.
It needs to support Bitcoin, Ethereum and Solana and offer good connectivity experience to DeFi.
Who is building this?

We used to see "I am buying the dip here" posts on days like today.
Haven't seen a single post like this on X.
Despite claiming that 'BTC holding $̶8̶0̶k̶,̶ $̶7̶9̶k̶,̶ $̶7̶8̶k̶,̶ $77k is super bullish!'
I'd bet most of CT is loaded on tokens already.
Others would better buy higher on confirmation than buy the fear.
But fundamentally, who's buying?
Retail who generally loved crypto are now getting rekt on AI stocks, gold, quantum etc.
Crypto ETF buyers aren't showing up: inflows turned negative over the 30d period.
Short term there's $2B in short liquidations until $80k for BTC.
Longer term I'

My three asymmetric bets:
• $BP : Backpack as FTX 2.0 ... but without the fraud.
• $TRUE: The people's prediction market. DefiLlama integration + Vitalik praising its decentralized approach are good first steps.
!Super low cap.
• $FLUID : Lending and trading in one, with other apps building on top. Jupiter Lend+ Venus already use the tech. The bet is that more teams follow.
What are other I might've missed?