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I just wanted to take a moment to say thank you. A simple, sweet thank you, coming from the deepest part of me.
Your kind words, your hearts, your roses, your I love yous, etc. … They have touched me where it really counts. I keep them precious as little treasures.
You have become one of the sweetest joys of this year (painful). I hold all of you in a corner of my woman's heart. 🙏💖🌹
Thank you for being there. Thank you for letting me be Patricia, simply.
I send you a big hug with all my gratitude and tenderness. 💖🙏
From May 7 to 13, 2022, the cryptocurrency world experienced the most brutal week in human financial history: the death spiral of UST and LUNC. The former king of algorithmic stablecoins, UST, pegged to $1, attracted hundreds of billions in funding with a 20% annual yield through the Anchor protocol. On May 7, whales continuously sold off billions of dollars in UST in the Curve pool, decoupling it to just $0.03, which was like toppling a domino chain. LFG (Luna Foundation Guard) frantically sold BTC to support the price, and in the market panic, UST accelerated its demise, plummeting to $0.3 on May 11. LUNC (then called LUNA) began an infinite printing dilution, with its price crashing from $80 to $0.0001, evaporating $60 billion in six days, marking the largest single-asset zeroing event in human history. Hundreds of thousands of retail investors went bankrupt overnight, a South Korean programmer went missing after leaving his phone by the Han River, and a father in Europe sold his house to go all-in before taking drastic measures. The cryptocurrency community was filled with wails of despair. Do Kwon tweeted, "Deploying more capital - steady lads," but fled after the collapse and was eventually captured in Montenegro. The warning is just one sentence: Uncollateralized "stability" is merely faith, and behind the 20% annual yield is always a 100% risk of zeroing out. When everyone is making "risk-free arbitrage," the death spiral has already begun. Always remember, there are no gods in the cryptocurrency world, only the cycle of the sickle and the chives. $BTC {future}(BTCUSDT) $ETH {future}(ETHUSDT) $BNB {future}(BNBUSDT)
Coinbase says the market is finally setting up for a December bounce. They actually predicted the November dip back in October using their M2 index — and now they say conditions are flipping again.
Here’s what they’re seeing:
→ Liquidity is slowly coming back
→ The AI boom is still pushing tech markets higher
→ USD shorts look attractive right now
→ Risk appetite is improving across global markets