Overview of tier-1 fund - Coinbase Ventures 📦

Friends, we are continuing our "learning about a fund from the inside" column. Today let's take a look at another venture capital fund that is one of the record-breakers in terms of the number of investments in different projects.

⚫️Coinbase Ventures is a Tier-1 fund that is the venture capital arm of the Coinbase exchange. The VC investments are spread across the following sectors:
• Blockchain Service (27.3%)
• DeFi (25.7%)
• CeFi (13%)
• Chain (8.1%)
• NFT (6.8%)
• Social (5.7%)
• Blockchain Infrastructure (5.5%)
• GameFi (4.4%)
• Stablecoin (1.8%)
• Other (1.3%)
• Currency (0.5%)

The fund was formed in April 2018. The funders are 2 partners, Brian Armstrong and Fred Ehrsam. The more interesting personality of the two is Fred. He has a very good track record:
• Trader at Goldman Sachs;
• co-founder / Board of Directors at Coinbase;
• co-founder of Paradigm fund (top 1 fund).

🥅 The VC has raised a total of only $15 million in assets from investors. However, there is also an info that the fund has raised an additional $300 million in May 2022.

It is worth noting that Coinbase Ventures is one of the most dynamically investing funds. For example, it made ~150 investments in 2022, with over 70 of them in Q1 alone. In comparison, a16z crypto put in 60 projects in the same year.

📍Cumulatively, CV has participated in 353 fundraising rounds and has held the Lead Investor position in just 22 of them. Exemplary investments include: Aptos, LayerZero, Goldfinch, Lido Finance, zkSync and others. Given their "selectivity", getting into the gem is not that difficult.

Put 🔥 if this post was helpful to you...

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BTC Review | Going Higher? 💰

Friends, hello everyone. I'm doing a review of the situation with BTC for you. There are a lot of different talks on the market. I decided to express my opinion.

📑 Bitcoin still continues to accumulate energy, buying out all local drops. A few hours ago the price fell a bit again. Now we should keep an eye on it. If we go back to $42.500 again, there is a high probability that the up-trend movement will continue.

Personally, my team and I are NOT planning to enter a long trade at the moment. Why?

• The market is very unpredictable now. Earlier we expected a fall, but it did not happen. The market has been going up for a long time without any drops. That's very suspicious.

📍If you will open a long position, I advise you to enter with a short stop-loss. Short-squeeze can happen at any moment, so it is desirable to move with short and clear trades (NOT scalping).

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How much does it cost to hack Bitcoin? 💰

Today I decided to write one interesting post for you, in which we find out what "Attack 51" is and why it can be used to hack entire blockchains. And how much it costs to hack the most important blockchain - Bitcoin.

📝 "Attack 51" is a PoW blockchain vulnerability by which an attacker takes control of transaction confirmation and block generation.

This means that with 51% of the network's power, you can:

• Collect all block rewards and commissions.
• Not give transactions or blocks confirmation.
• You will be able to shrink and manipulate the network
• Steal coins that are not signed by the main block.
• Delete contracts or transaction history.

💸 So how much does it cost to hack Bitcoin in 2024?

The first conclusion is that there are no profitable ways to accomplish this. This negates the financial incentive of 51% attacks on the blockchains of the two largest cryptocurrencies. Even in the most lucrative scenario, an attacker could potentially make $1 billion, but after spending $40 billion. The risk is simply not justified.

🟠Also, let's fantasize and imagine that the government attacks Bitcoin in an effort to destroy it (we all know how they feel about cryptocurrency). In that case, the bitcoin would require the purchase of 7 million ASIC miners at a cost of about $20 billion.

And the funny thing is that there is simply no such amount of equipment on the market. But if someone is going to produce their own equipment for this purpose, the cost will be a similar amount.

So, can we sleep easy?! 🔥

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Bitcoin creator's identity discovered 🔐

I see you enjoyed yesterday's post. So I decided to make another post in the topic of "Conspiracy Theory".

💡There are various rumors about who Satoshi Nakamoto is and who he really is (he is the mythical creator of Bitcoin). Many are convinced it's Ilon Musk, and some believe that the US government is running the entire crypto. Theories abound. However, there is something interesting about one of them.

• It is believed that programmer and cryptographer Hal Finney was the first to get Bitcoin from Satoshi.

In 2021, a Bloomberg analyst was going through Finney's messages and discovered something startling. In 1993, the cryptographer actually described the concept of NFT. So the idea he proposed 30 years ago has now become a market worth over $7 billion dollars?

It turns out Finney was definitely one of the pioneers of crypto.

📋 And a couple days ago, crypto-enthusiasts provided new proof: the name "Satoshi Nakamoto" translated into Japanese characters looks similar to the name Hal Finney. But was Hal the creator?

Hal Finney himself always denied these suspicions until his death in 2014.

His quote:

I was only communicating with Nakamoto and giving him advice.

❕ Maybe Satoshi Nakamoto died with him? We don't know. But we really hope Satoshi is hiding in the Japanese islands, full of ideas on how to change the world for the better.

Do you think Satoshi Nakamoto really exists?

🔥 - Yes
🧐 - No

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A new crypto narrative is coming 💡

Friends, recently Arthur Hayes (co-founder and former director of cryptocurrency exchange BitMEX) wrote a new essay called "Chief Story Officer".And the interesting thing is that his vector of thoughts in some points coincides with mine. So I decided to share the main theses with you:

📒 The current market shows that project technology is not so important. What is important is the story or "project legend". The simpler the legend is - the more viral it is. Pay attention to this.

A large number of traders are moving from centralized exchanges (Binance, Bybit) to decentralized exchanges (UniSwap, PancakeSwap) and this is a fact. It follows that DEX platforms as well as their tokens will be in high demand. And that means - a new narrative is coming.

❕ He also highlighted a list of projects, let's call this narrative "DEX tokens", that he favors - dYdX, GMX, Pendle, Krav, Elixir, Flare, Ethena and Axelar. Personally, I already have dYdX, GMX and Axelar tokens in my portfolio. I believe they can show good growth in a bull market.

📍Not a financial recommendation. It's just my opinion.

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📉 The Big Short
⠀
Friends, many do not understand how the current, excessive positivity in the markets will end; why the AI bubble and tech stocks are inflating; when it will be possible to start exiting Bitcoin, and so on.

🔤 Let's start from afar and take a look at the US macroeconomy and the Fed's monetary policy actions. After all, macroeconomics is the first step in the hierarchy that determines the global direction of trends in the markets.

The Fed's restrained policy cycle has been going on for more than two years. This is taking a significant toll on banking and many other sectors, and thus on global economic growth. But, for the sake of reducing inflation and preserving the purchasing power of the dollar, the restraint policy is still being implemented. At the same time, the necessary inflation targets of 2%-2.1% have not yet been achieved.

💵 After all, in 2020-21, a record amount of money was printed and injected into the economy. And more and more money has to be printed. Inflation, against this backdrop, is getting harder and harder to contain. Therefore, the Fed and those responsible for the stability of the dollar have to resort to unconventional solutions. And right now, they're trying to get out of that trap.

If they start lowering the key rate, injecting money into the economy without easing inflation, they will get hyperinflation of 10-15% in the next cycle, as it was 50 years ago. That is a smooth depreciation of the USD.

🔎 Why all these complicated words?

It's very simple. Let me give you a simple example. You have $100,000... and instead of buying a new car, you, seeing a great opportunity to earn money, carry this money into BTC. Naturally, you buy it at prices 50% more expensive than you could have done it half a year ago. And, you wait... Meanwhile, Powell is jubilant, because your money is no longer in the economy, but in a bubble... (the load on the economy is reduced).

And obviously, in a situation where it's time to pump new money into the economy to keep key industries from dying, you won't be allowed to get your money out with BTC at, say, $200,000. Why? So that you don't go and trigger the already double demand for autos. That's why they're putting you in there.

❕ The topic of the post is not a simple one. Do you understand this post or should I explain it again?

🔥 - It's clear
🧐 - I don't get it

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🔹 Whale continues to accumulate ETH

Friends, today's post is from one of your favorite columns, "Keeping an eye on smart wallets". Today we're going to take a look at one of the most fundamental coins - Ethereum.

📜 7 hours ago, a large address purchased $6.1 million worth of ETH. This address started gaining ETH since May last year and is currently holding $82 million worth of the coin. His unrealized profit is $22.5 million.

But even given the current profit, he doesn't want to lock in (even partially) and is exclusively buying regardless of the fact that the coin is trading at a local high point.

Over the last week, he bought a total of $18.3 million. These purchases indicate further bullish expectations of large capital on our favorite ETH.

❕ BUT... If you are buying ETH for the long term, I personally wouldn't recommend buying it right now. I think we will see $3,000 and below.

Put 🔥 if this post was helpful to you...

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💰 BTC review | when will we fall?

Friends, hello, everyone. I think many have already seen a sharp increase in BTC. Therefore, I am making a review for you.

↗️ Starting from the second half of yesterday, bitcoin decided to please us and began to grow sharply. At the peak the price reached $57,600.

Now the price is still in the impulse phase. The general structure of the market is still longing. But if we consider the price range of $58-60k, this is the zone from which we will try to open a short position. But...we need to wait for the formation of the right formation from which we can go short.

• A number of factors indicate that the market is overheated, the market structure leaves large volumes of long liquidity at the bottom. The price is going upwards almost without corrections, but there are no systemic prerequisites to go short, so I am watching and looking for the patterns I need.

❕ What to do now? If you don't have a short position now, but you want to get one, I would advise you to place several orders (grid). Divide your base volume for the trade into 3 parts and place at $59k, $61k and $64k. This way you will protect yourself 🔥

Not financial advice.

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Big announcement on TON 🪙

Friends, here's a newsflash. Telegram in March will start paying channel owners for displaying ads. This is a big step towards mass adoption of the crypto.

🪙 Payments will be made exclusively in the TON blockchain with Toncoin coins.

If we consider TON as a project, I believe that it is necessary to have it in the portfolio, but not more than 2% of the deposit.

❕ I think you can try a speculative trade on TON now. It may still get dragged up on the news. Gotta look for an entry point. But this is a high risk trade. The price is already up more than 15%.

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Has the bull market started? 🐂

Friends, today BTC made a real storm. You are probably spending the whole day at your monitors and analyzing charts. Anyway, I decided to once again briefly share my thoughts on the market situation and what can wait for us in the future.

💰 BTC/USDT

Today BTC broke through the structural level of $59.100, where the lower boundary of the weekly imbalance is already starting. There are no systemic reasons to reverse to short from current values, as the setup from the daily FVG was broken by the price (see picture).

A number of factors indicate that the market is overheated, the market structure leaves large volumes of long liquidity at the bottom. However, there are no systemic prerequisites for shorts.

⚡️ What about altcoins?

Despite the fact that some altcoins are now growing strongly and updating their highs following Bitcoin, we have not yet seen an altcoin season as such. Besides, BTC dominance is growing, and the ETH/BTC pair is showing red candles. For overall altcoin growth, it would be favorable to see bitcoin consolidation movement and spillover of big players' assets into alta and decreasing domination.

📝 Macroeconomics

We also expect increased volatility tomorrow as statistics from the US are released, particularly the PCI code, which is referred to as "Powell's inflation". This is one of the most important indicators for the Fed and could come out outside of forecasts, which could have a significant impact on the market.

❕ Wrote this post in a more professional language so that you too learn to perceive professional vocabulary 🔥

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+200% to safety 🔏

Friends, the crypto market has gotten very lively lately. This, of course, will entail the appearance of a large number of scammers. In order not to lose money, it is important to understand where to store it and how they can try to scam us.

I have done a similar post before, but this information is very important, so I decided to tell you about it again. My first and foremost concern is for you.

Knowledge is your first shield against loss

1️⃣How can we be deceived?
There are many options... But all of them are based on the following schemes:

• Phishing attacks - when fake websites or emails are used. By entering data on such sites, you hand over passwords to your assets yourself.
• Pyramid and Ponzi schemes - promises of high returns in a short period of time.
• Fake ICOs - projects that raise funds for the development of non-existent products or services.
• Market manipulation - for example, when the price of an asset is artificially inflated and then sold, causing the token to decline.

2️⃣ How to protect yourself?
This is the base, but many continue to neglect it:
• Use two-factor authentication (2FA) for added security.
• Complex passwords of at least 20 characters will help keep your funds safe.
• Don't enter personal information on suspicious sites or click on unknown links (such as those that arrive in your email and say "You've won airdrop").
• Update your software regularly to protect yourself from vulnerabilities.

3️⃣ Where to store your funds?
• Cold wallets are physical devices without internet access. For example, Ledger or Trezor. They are considered the most secure.

• Hot wallets are crypto storage applications that have constant internet access. Convenient for frequent transactions, but less secure.

❕ Yes, there's a lot of information out there, but as the saying goes..... "Hard in training, easy in battle"! 🔥

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Weekend is the time for altcoins 🪙

Friends, let's break one news today and an interesting thought on it. On February 29, investors from Grayscale decided to sell a large volume of positions before the weekend. The outflow from the fund was $598.9M.

📝 They saw the dump and ran to withdraw money. But despite this volume, bitcoin continues to stand above 60k. As always, other investors from Blackrock came to the rescue, who bought for an even larger amount - $603.9M. )

Today the market is starting to recover after a small correction. But, there is one point. Arkham (service for analytics) gave a new notification: someone sent 10K BTC from Grayscale wallets to Coinbase.

🟠Also remembering the patterns of the past bull run. Weekends tend to mark the time for altcoins. Weekdays the bitcoin grows, and over the weekend the altcoin catches up with it.

Now this pattern may even intensify, as bitcoin liquidity has become even more dependent on traditional markets, and they do not work on weekends. Therefore, it is logical that weekdays are the time for bitcoin, while weekends are for alta.

❔ Do you support this theory?

🔥 - Yes
🧐 - No

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🗣Friends, hello everyone. I'll show you a simple example of why blockchain technology is the future.

❕ I beg you: study the crypto market. This will definitely help you in the future.

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The opportunity to ask me any question 📬

Friends, hello, everyone. Today I decided to do a little interactive for you.

☑️ My DM assistant often receives various questions. You often ask questions about what direction in crypto to choose, where to start, how to earn, what coins to buy, etc.

I don't have time to answer most of the questions, as this is not my personal account and there is often confusion.

📧 That's why today-tomorrow I decided to hold a rubric "Question - Answer". You can ask me any question you are interested in and I will definitely answer it.

To write on this contract - @Treysi_crypto

📍An important condition: the question should be detailed and on a specific topic. For example, to the question "Hi, how are you?" I will not answer. Also, if I did not answer you immediately, then the message do not delete. I will answer you a little later.

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BTC updated ATH 🎉

Happy updating of the historical maximum everyone)

⚫️P.S. I will answer all questions in DM soon. A lot of people wrote.

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BTC review - where do we go from here? 💰

Friends, hello everyone. When I was replying to many messages yesterday, I noticed that most of them were interested in the topics: "Where will BTC go?" and "What coin should I buy for my portfolio?". Today I decided to analyze BTC, as many people are interested in it. Let's break it down.

I haven't had time to reply to everyone's messages yet. I will answer them soon.

📝 Yesterday bitcoin on futures updated the global ATH. After that we immediately got an instant pullback down to $59.300. Now the price is going to recover again. And then the question arises: "Maybe this is not the end?" (initially I thought that after touching the ATH we will see a downward correction).

Most of the market players are expecting exactly a correction, but as we know the crowd is mostly wrong. Also, if you look at the chart of how BTC was updating ATH at $20,000 in 2020, you will see a similar picture as now. There was no drop at all. The price consolidated and continued to rise.

❕ The general trend of the market is still long. I don't see any strong preconditions for a long short right now. Therefore, I do not advise you to enter a short position for the medium term. Short-term trades are the maximum. I think we will still see an upward movement 🔥

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🐋 BlackRock is taking over the entire market

Friends, hello everyone. I saw from your feedback that you like posts about conspiracy theories and "The Hidden Hands That Manipulate the Market". Today will be just such a post. Specifically on the BlackRock fund.

📑 We can say that this company is the shadow hand of the world, which manages all the world's major money flows today. A shadow bank with power and control over major asset classes, states and central banks. Many people have heard of BlackRock, but not everyone realizes the scale of its influence.

If, who did not know, this company is the main shareholder of the "Big Five" (Facebook, Amazon, Apple, Microsoft and Alphabet), owning every 5th share of the S&P 500 list. They could be called "scriptwriters" whose rules every person and company has to play by.

💡Now let's answer the main question: what is their goal?

Answer: issuing BTC and controlling it. Today they filed a new application with the SEC to buy spot BTC-ETFs for another one of their funds, the Global Allocation Fund, which has a total portfolio size of $17.6 billion.

❕ Locally, of course, this is a big plus, but globally, I think it is bad for us, for the market, and most importantly for future "opportunities" in the market. But, despite this, there will always be opportunities to make money in the market and my team and I understand this. Therefore, we continue to work actively despite various negative factors 🔥

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Whales buying FTM 🐋

Friends, hello everyone. Yesterday with the team we analyzed purchases of large wallets and found something interesting.

🔎 On March 8, we noticed a significant increase in whale purchases of FTM token. But that's not all. There was also a sharp decline in coins on exchanges. This means that many people simply withdraw this token to their wallets in order to store them in a safer place, as they intend to keep them for the long term.

Also, a "smart address" with a high spot trading win rate has purchased $6.4 million worth of this coin in the last 5 days, with the last purchase made yesterday afternoon for $886,000 (the picture shows this).

❕ Even with the entire market rising over the past week, many large wallets expect the uptrend to continue. All factors are pointing us to a bullish bias. Personally, I believe the upward trend will continue. There is no fall after touching with ATH, and this is a strong signal for further market growth.

Not a financial recommendation.

📍Do you believe in the continuation of BTC growth?

🔥 - Yes
🧐 - No

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🐸 Risky investment in shitcoin

Friends, hello everyone. Many of you know what kind of growth memcoins and shitcoins can give. And now I'm not just talking about +100%, but much more. +300%, +500$. So, in anticipation of a global bull run, my team and I decided to take a closer look at one interesting shitcoin - GUI.

📋 A little bit about the token: it is a token from the Aptos ecosystem, and this blockchain is one I sympathize with and its APT token I have in my investment portfolio. What may happen in the future is that the hype on Aptos and everything related to it will multiply. This will cause the price of most projects from its ecosystem to rise. And GUI is one of the top shitcoin on the Aptos blockchain.

I think a similar story as with Solana could happen again. A couple months ago, when the hype around this blockchain grew a lot, a large number of shitcoins on SOL showed huge growth. There were a lot of tokens that grew by more than +500%.

❕ Let me say right away that shitcoins are high risk. This is not a financial recommendation or an advertisement! Good luck everyone.

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