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21/6 Market Update

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Impossible Daily Updates #68

📖 Top-5 Reads

  1. The current state of crypto
  2. Where are the emperor's clothes? Thoughts on crypto's mini collapse and cyclicality
  3. BlockFi secures a $250m credit facility from FTX
  4. Crypto lessons from this cycle
  5. ParaSwap launches the first NFT P2P mobile trading app on iOS

🧵Threads of day

  1. Following the nerds: Understanding Smart Money Labels and how to use them
  2. Most ridiculous moments of this cycle

📰News

  1. Ex-Sushi CTO raises $8M for NFT lending platform Astaria
  2. Arbitrum Odyssey launched today
  3. Solana-based NFT marketplace Magic Eden reaches $1.6 billion valuation
  4. Forgotten Runes Wizard’s Cult launches 'create-to-earn' metaverse demo

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