- Exit Liquidity
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- FTX tanks crypto
Welcome to the Exit Liquidity newsletter, the place to stay up to date on the ridiculous things that happen in the Crypto, NFTs & Web3. If you are looking to join the community check out the AlphaMint Discord where all the degens gather to chat in the dojo.
What a week this has been, degens. If you're still here and kicking, hang in there. This is probably one of the worst events to hit the crypto space in a long time. Many could not have and did not see this coming. We feel for anyone that was blinded sided by FTX and personally affected. We know our words cannot replace lost funds as we have all spent significant time in the space and have been wiped out ourselves. What we can say is use this terrible experience to learn, regroup and come back stronger. Be your own bank. Stay vigilant.
We think we are through the worst of it, but it looks like FTX had their finger in almost every pie in crypto. As this was being written, it came out that BlockFi is the latest victim. This will most likely be a trend for the coming week, but hopefully these discoveries will not cause further shock waves.
On this week's episode of the Exit Liquidity show we cover the FTX crash, what went down, how it's going to affect the space and, on a brighter note, the KPR reveal. There was seriously so much to unpack in all this and we know we skipped on some of the hot goss flying around on Twitter and in Discords. It's hard to discern fact from fiction at this point and we did not want to spread more fud as there's already enough.
One final note, if you were wiped out or deeply gutted by all this, take a break. Do what you need to do to secure your funds or cut further losses, but after that walk away from the screens. Get outside and touch grass. Your emotions are only going to betray you right now and chances you'll end up digging yourself into a deeper hole. The market isn't going anywhere and wallowing will not help. If you need to talk to someone do not hesitate to reach out to someone close or even one of us here at Exit Liquidity. We are all here for each other.
News Dump
Binance passes on acquiring FTX. Many people think that Binance was FTX's and the crypto market's last hope. CZ said, "Thanks, but no thanks"
BAYC Founder, Gordon Goner, weighs in on marketplaces and creator royalties
Chain CEO, Deepak, sells NFT collection full of Apes and Punks
Looks like OpenSea realized they were going to get absolutely burned if they tried to move forward with their original, updated royalties plan
Forbes partners with the Sandbox and ventures into Web3 by hosting their first metaverse event
An Ether Rock was bought for 120 ETH
LBRY loses their case and claims this loss can set a dangerous precedent as it rules cryptocurrencies as securities
Frank, Founder of DeGods and Y00ts, tweets and deletes talk about moving from Solana to the Ethereum network
Yuga Labs announces Yuga Labs News, a destination for all official press releases, blogs, events, and drops
MetaMask launches Bridge Aggregator helpusers move tokens across chains
Disclaimer: The Exit Liquidity Newsletter is meant to be an informational and entertaining way to share interesting things found in and around the Crypto, NFT and Web3 space. Nothing in this newsletter should be taken as the contributor's, Exit Liquidity's or AlphaMint's personal opinion or views. Nothing in this newsletter constitutes as professional and/or financial advice. Cryptocurrencies and crypto-related assets can be extremely risky investments, invest at your own risk.
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Exit Liquidity is an AlphaMint project.