🚨 Daily Brief: The Sharks Are Fattening Up... Should You Be Worried?
Here’s the rundown for Dec 16. It’s mostly "good" news, but let me put on my skeptical glasses 👓 and read between the lines for you.
1. Bitcoin 'Sharks' Go on a Feeding Frenzy 🦈
Those mid-tier whales (holding 100-1k BTC) bought another 54,000 BTC last week. They now control a massive 3.575M BTC.
Everyone cheers when Sharks buy. But remember, Sharks are predators. They don't buy to be your friend; they buy to sell to retail investors at the top. Are they accumulating for a Supercycle, or just fattening up the exit liquidity (us)? Watch your toes in these waters.
2. Ethereum: The Landlord of Crypto 🏰
According to the Ethereum Foundation, ETH and its Layer 2s now capture nearly 90% of all crypto lending revenue.
So much for "multi-chain competition." Ethereum has basically become the Visa of DeFi—a bloated monopoly collecting all the rent. If 90% of the profit is on one chain, is that decentralization, or just a really profitable digital bank with high fees?
3. The White House Meets AI (and Coinbase?) 🏛️
The White House launched the "US Tech Force"—1,000 experts to boost AI adoption, supported by tech giants like Coinbase.
The government wants to "accelerate" technology? Since when does the government accelerate anything besides debt? And with Coinbase involved, it sounds like a perfect recipe for "Regulatory Capture." They say "Tech Force," I hear "More efficient ways to audit your crypto gains."
💭 My Verdict:
The rich (Sharks) are getting richer, the landlord (ETH) is raising the rent, and the government is hiring an army of techies. The market looks bullish, but it feels like the big players are tightening their grip. Stay sharp, folks.
