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5 Alpha Tweets - How Did FTX Collapse? A True Crypto Leader's Thoughts & More
Welcome to the alpha please newsletter. I curate five alpha tweets every Friday; that’s it, that’s the newsletter.
Hey everyone, this has probably been the worst week the industry has ever seen. I’m not going to lie.
I don’t believe FTX represents the true purpose or ethos of crypto, but nonetheless they have done immense damage to retail users, institutions and the image of the space.
I’m very sorry to anyone that has been impacted personally by their fraudulent and reckless operation.
I’m very sure the industry will eventually emerge from this more transparent and more resilient.
The case for DeFi has never been stronger.
I have curated some threads from thought leaders in the space.
Today’s newsletter is sponsored by Artemis.
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See the historical L1 Economic Activity for Ethereum here.
1. What happened?
First, this is a recap on how we got here. We now know that FTX and FTX US have filed for bankruptcy. This is probably the best thread on how this all went down.
2. A true crypto leader
The founder of Kraken released his thoughts on the situation. It’s an essential read if you care about crypto.
3. DeFi not CeFi
You know the mantra: not your keys, not your crypto.
DeFi allows you to trust code, not people.
Marc shows the different DeFi platforms you can use instead of CeFi:
4. A rant on investing
What investing really means in crypto terms.
5. What happens next?
We now know that no-one is coming to bailout FTX, but Arthur offers up his thoughts on the consequences and what levels the crypto OGs are looking for.
@alpha_pls tweet of the week
DeFi is needed more than ever.
And that’s your alpha.
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.