Davide (0xdavide)

🏆My 2025 crypto awards: • CEX of the year: I don't use it. • DEX of the year: Uniswap. • Perps exchange of the year: Hyperliquid. • Bridge of the year: Relay Link. • Yield platform of the year: Pendle Finance. • Surprise platform of the year: Morpho. • Surprise token of the year: $ZEC. • Trending altcoin of the year: Privacy coin. • TGE of the year: Almost nothing, maybe $WLFI. • Fundamentals of the year: $UNI. • Fundraise of the year: Polymarket. • NFT market of the year: Opensea. • NFT of the year: Hypurr. • Game of the year: Sorare MLB. • Web3 social of the year: DeBank. • Airdrop of the year: Lighter? If it doesn't come out in 2025, I say Avantis. • Best airdrops farming of the year: Perps Exchange. • Worst Airdrop of the year: Infrared, Linea. • Disappointment of the year: $BERA. • Worst scam of the year: Pump Fun (they launch scam tokens everyday, they announced an airdrop that never happened, the presale was a scam).

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🥷I don't want to argue whether it's right or wrong to fork a chain due to exploits/hacks (very often, opinions vary depending on whether you're personally involved or not), but it's a fact that almost all layer1 and layer2 are highly centralized. The "funny" thing about Flow's exploit is that while the native $FLOW token immediately collapsed (-40%), their stablecoin $USDF (which is a bridge version of $PYUSD, the stablecoin issued by PayPal) depegged upward, recording new ATH (above $2), clearly due to FLOW/USDF swaps. USDC.e also lost its peg to the dollar on-chain (with peaks as high as $6). TikTok gurus who predicted $XRP at $1000, $ADA at $50 and $USDC at $5 were right about $USDC at least!😆 Meanwhile, on some Dex, $FLOW dropped below $0.01, creating enormous arbitrage opportunities compared to the price on Cex ($0.08-0.10$). The stolen funds were bridged via Stargate and Celer.

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🔥Weekly Crypto Recap: 🔹The Museum of Modern Art (MoMA) has added eight Cryptopunks and eight Chromie Squiggles to its permanent collection. 🔹FTX and Alameda executives have been banned from holding any Wall Street positions for the next 10 years. 🔹Flow Blockchain due to an exploit will be restored to a checkpoint prior to the hack. 🔹 President Bukele confirmed that El Salvador will continue to buy at least one BTC per day, despite the agreement with the IMF that calls for the cessation of some state-run Bitcoin-related initiatives. 🔹The Marshall Islands has launched an income program based on the Stellar blockchain. 🔹VanEck's VAVX ETF on Avalanche will include staking rewards. 🔹Coinbase is reportedly about to acquire The Clearing Company (prediction market).

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🪂Monad wiped out Sybil and multi-address accounts (especially those from India), obviously pissing many off. In testnets, there's always the risk of the protocol checking the IP (even Aptos did this for its airdrop). Monad, however, didn't even consider activity on the testnet; in fact, I was eligible for "EVM activity."

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🏜️A few days ago, YouTuber Lord Miles was accused of a $14M manipulation on Polymarket. On July, a prediction was launched on Polymarket that Miles would have to endure 40 days in the desert without drinking. Although the "yes" vote was winning, the prediction ultimately turned out to be a "no" after he inexplicably disappeared from the live broadcast and was presumed dead. Miles was actually arrested by Saudi intelligence for terrorism, following accusations by an American who fabricated several reports through a (apparently corrupt) journalist to ensure the final outcome would be a "no". His official page managers claimed that Lord Miles had no criminal record in the UK and that they had evidence to exonerate him. They also invited prominent YouTubers to visit him in prison.

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🤡Many times, people don't realize that it's easier to study, understand and learn how to make yield than to scam other people. These things happen because there are also people who want to make "easy money" and are therefore ready to be scammed.

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🖼️You may have noticed that some NFT-related tokens have appeared on the market: the most well-known is $PNKSTR (30x in about 1 month, although now it's down -50%). These are automated trading protocols that connect token, burn and "NFT sweep". How do they work? 1) Each $PNKSTR swap on Uniswap incurs a 10% fee, 8% of which goes into an ETH treasury. 2) When the treasury reaches the minimum floor of CryptoPunk (about 48 ETH today), it buys it. 3) Once purchased, it relists it at a price of +20%. 4) $PNKSTR Buyback+Burn. As said, $ETH earnings are used to purchase $PNKSTR on the market and then burned. This creates deflation for the token. This mechanism has generated over 700 $ETH in fees and a 2.8% reduction in the $PNKSTR supply. This makes the collection more active, leads to on-chain activity (on Uniswap and the Ethereum mainnet), the burning of $PNKSTR, and even 1% royalties for creators. Obviously, the downside is that the 10% fees are very high. For example PudgyStrategy use similar models.

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