The podcast discusses topics such as the ongoing bull market, skyrocketing prices of NFTs, BlackRock's filing for an ETH ETF, Ethereum's potential move to a new layer two solution, Elizabeth Warren's apology for spreading false information about crypto, roll-ups and Bitcoin price analysis, crypto market trends, alignment between Near Protocol and Polygon, false Wall Street Journal article about crypto funding Hamas, strategies for winning in a bull market, and managing risk.
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Quick takeaways
The secret to winning the bull market is to do nothing and avoid overtrading, FOMO, and chasing pumps.
OpenSea has faced setbacks with a decline in market share and layoffs of 50% of its staff.
The SEC struggles to hire crypto experts due to a requirement to sell their crypto holdings.
Deep dives
The Secret to Winning the Bull Market
The secret to winning the bull market is to do nothing. Overtrading, FOMO, and chasing pumps can lead to losses. The best approach is to buy the market and do nothing.
OpenSea Facing Challenges and Layoffs
OpenSea has laid off 50% of its staff as the NFT market has slowed down and Blur has gained market share. The company is also facing a decline in valuation, down around 90% from its peak.
SEC Struggles to Hire Crypto Experts
The SEC is having difficulties hiring crypto experts because candidates are required to sell all their crypto holdings before working for the agency.
US Bill Proposes Outlawing China-Made Blockchains and Tether
A US bill has been proposed to ban government use of China-made blockchains and tether USDT due to concerns over access to critical national security intelligence.
Jump Capital Allegedly Involved in Terra Luna Collapse
Jump Crypto, the crypto division of Jump Capital, is reportedly being investigated by the SEC regarding an alleged secret agreement with Do Kwon, the founder of Terra Luna, during the collapse of Terra USD's peg. The investigation raises concerns about potential market manipulation and unfair advantage.