the daily degen 🦍(27oct23)
the daily degen 🦍(27oct23)
handle.fi daily trooper update
todays markets
market news
🙃stock futures tick higher after the nasdaq declines further into correction territory.
💳mastercard partners with crypto payment firm moonpay for web3 services.
🏦JPMorgan's JPM Coin payment system handles $1 billion in daily transactions.
💥bitcoin primed for 'supply shock' as exchange balance drops to 5-year low, analyst says.
🌌DYdX chain officially launches on mainnet as standalone cosmos layer 1.
crypto fear and greed index
trooperGlossary: flash loans 📚
in the fast-paced world of crypto trading, flash loans have emerged as an innovative financial instrument unique to the decentralized finance (DeFi) ecosystem.
these uncollateralized loans allow traders to borrow assets and repay them within a single transaction block. while they've enabled novel arbitrage opportunities and liquidity provisions, they've also opened the door for sophisticated attack vectors on DeFi protocols. as traders leverage flash loans to exploit price inefficiencies across decentralized exchanges, the broader crypto community is taking note. this mechanism, which would be unthinkable in traditional finance due to the inherent risks, underscores the boundary-pushing potential of blockchain technology.
as the DeFi sector matures, the way we perceive lending and borrowing is being fundamentally redefined, emphasizing the need for traders to stay informed and agile in this evolving landscape.
around the X-verse… (formerly the twitterverse)
recession? 🤷🏼…
reasonable conclusion 😕…
this guy 🤡…
trade ideas
trade: short USD/ CAD
the USD/CAD is demonstrating renewed vigor as it approaches the critical resistance mark around the ~1.385 level.
this is the third attempt to breach this barrier within the past year — a challenge that has consistently proven formidable. given its previous trajectory, now may present a window to initiate a SHORT position on the USD/CAD. a potential target for this strategy might be the established ~1.345 level, which has previously served as support. however, you may want to consider exiting the position should the price sustainably surpass and stabilize above the aforementioned resistance threshold.
#NFA #DYOR
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