Mr. Longtail’s Diary
Dear Readers,
How y’all doing? Your fav mouse/entrepreneur/crypto influencer/investor here. The first week of 2023 was hectic. One day I am thinking ‘bull market is coming, lemme put my Prada loafers on 😎’. The other day I am slightly depressed, eating breakfast made of chocolate and chips (that someone kindly left in the kitchen I am currently visiting, thanks btw!), preparing myself mentally for another bear-year. 😓 But in between of this emotional rollercoaster, my team and I produced this piece of art for you - new issue of Longtail Report. Enjoy!
With warm regards,
Mr. Longtail
Here are some tasty snacks that we’ve prepared specially for you in this issue:
🧀 - Market outlook: We’re bouncing back!
🧀 - Hot News: US Goverment using Ethereum? and more!
🧀 - Project Review: A non-custodial debit card!
🧀 - Those sweet, sweet memes!
🧀 - Your favourite motivation corner <3
Market Outlook
We’re Bouncing Back!
Influencoooors are bullish:
…But before you FOMO into crypto all the remains of your life savings to make it all back in one trade, let us first give you a balanced outlook for the near to mid-term future. Let’s not be this dude (again):
Crypto Situation Room: ‘Not Horrible’, but ‘Not Great’
‘Not horrible’, but ‘not great’ is GLXY’s Mike Novogratz’s diagnosis on crypto space. In his recent CNBC interview, he pointed out that they have the regulatory headwinds they didn't have before. ‘People are going to cut costs and survive this transition period’ - he added.
Nevertheless, GLXY has been expanding: ‘We bought a big mining facility in Texas. We bought a GK8 security, self custody company in Israel. We’re leaning in where we think it’s appropriate’.
Looks like some institutions are buying, but carefully…
Deutsche Börse Group: ‘Recovery in the Markets Is Coming’
Institutional grade crypto platform published in their outlook for 2023 and concluded that:
‘after ending a volatile year in crypto, we believe that in 2023 we will see a gradual recovery in the markets.’ The report points out that ‘sentiment in crypto is already at historically low levels.’ What are lessons learned from 2022? The prediction is that we will observe market participants’ movement from ‘unregulated and centralised entities to either centralised and regulated or decentralised entities’.
Find out more in the full report from Crypto Finance.
Let’s see how things will unfold. It’s always good to be a pragmatic optimist. However, no matter what the market brings, it's going to be a big year!
What do you think?
Latest News
US Government Bonds on Ethereum?
‘Ondo Finance, which aims to develop tokenized investment funds — the firm revealed the imminent launch of three tokens representing deposits in popular ETFs managed by asset management behemoths Blackrock and PIMCO’.
Blackrock being the world’s largest investment manager with approx. $10 trillion assets under management and strong ties to US Government will have their products tokenized.
‘Of the three offerings, the US Government Bond Fund (OUSG) will have the lowest yield, which Ondo estimates to be 4.62%. The Short-Term Investment Grade Bond Fund (OSTB) is slightly higher at 5.45%, and the High Yield Corporate Bond Fund currently yields 8.02%.
Ondo will charge a management fee of 0.15%.
In April 2022, Ondo raised $20M in a Series A round led by Peter Thiel’s Founders Fund and Pantera Capital, the decade-old crypto investment fund’.
Find out more at The Defiant.
The Saga of SBF and a Lonely Jar of Peanut Butter
Twitter, year 2021. Ex-FTX CEO Sam Bankman-Fried famously comments a pic of FTX cluttered office, complaining that the peanut butter visible on the picture ‘was disgusting’.
Well, karma is a b****. As SBF recently confessed, due to his vegan dietary restrictions he had to rely on a jar of peanut butter while being locked in the Fox Hill jail in The Bahamas. As he admitted, instead of a meal served in the facility, he would eat a peanut butter sandwich.
Time for a collab with Subway? One peanut butter SAMdwich, please!
Find out more at Business Insider.
FTX Has Recovered Over $5B in Cash and Liquid Crypto
As confirmed by FTX attorney, Andy Dietderich, the cryptocurrency exchange has recovered $5 billion in cash and liquid cryptocurrencies.
Exchange is still ‘working to rebuild transaction history’, and the total amount of customer shortfall is ‘still unclear’.
Find out more at Cointelegraph.
Game of Thrones NFT Collection Sold in 7 Hours!
Even though Crypto Twitter went completely bananas about those nasty fingers! 🤮
Find out more at The Block.
Morgan Stanley Holds Bitcoin
None other than an iconic bank Morgan Stanley has allocated $3.6 million to Grayscale Bitcoin Trust ($GBTC). Their bet on Bitcoin is to:
‘maximize capital appreciation by investing primarily in high quality established and emerging companies located in Europe that the investment team believes are undervalued at the time of purchase’.
Betting on Bitcoin seems to be a growing trend again among the influential financial firms, including BlackRock.
Find out more at Crypto News Flash.
Project Review
(CAUTION: Alpha Leak!)
Making Payments 10x Better - A Non Custodial Debit Card from Mover
Mover is a permissionless protocol exploring payments. They want to meet Web2 UI with Web3 infra. Sounds exciting? Let’s dive in!
Mover is a suite of products in NFT, web3, and DeFi space.
Let’s talk about the Debit Card! 💳
The debit card is available to the residents of 31 countries. It’s available in EU&UK. USA is coming. Mover - is non-custodial and permissionless and doesn’t have access to or store your personal information.
Moreover, you can top up the debit card from your own non-custodial wallet with a token of your choice. The list of tokens is growing as we speak!
Also, partnerships are strong in this one. It looks that Mover is positioning itself to be a core building block of defi infrastructure when comes to payments!
MPGB?
Mover DAO or MPGB (Mover Pylon Governance Body) has two tasks: The first one is to manage the community fund and, hence the development of the DAO. MPGB is able to decide on the future of this fund with the help of the community voting. The second task is creating the governance proposals.
What is a $tag?
A $tag is a unique string of characters that connects to your card and can be shared publicly. It looks as simple as this: “$mover” and it can be shared without exposing your private details on-chain. You can reserve your own $tag, here!
Ah… And There Is a Token! 🙃
There is a total maximum of 9,966,991 move tokens. $Move is currently seating at $1,6mln Market Cap!
In our humble opinion future looks bright for Mover! And looks like new things are cooking! Even the Twitter intern wants to spill the tea… 🤣
Find out more at viamover.com.
Disclaimer: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this newsletter is solely the opinions of the writers who are not a licensed financial advisors or registered investment advisors. Trading cryptocurrencies poses considerable risk of loss. Authors of this newsletter do not guarantee any particular outcome.
Memes of the Week
new new money > new money
hmm… 🤔
maybe it’s time to grow up…
Mr Longtail’s Motivation Corner
Quote and Book of the Week
‘The purpose of life is a life of purpose’
Robin Sharma, ‘Monk Who Sold His Ferrari’, available at: Amazon
What’s Your Purpose?
As life gets busy, we often tend to forget what our true purpose of existence is. For one person the purpose might be to get to the prestigious firm and climb the corporate ladder. In case of moi - a humble but business-savvy mouse, the goal has always been to get a permanent residency in the prestigious pantry. Another person’s dream would be to build a successful company or to have a happy and healthy family (or both). I guess for all of us the goal is to not lose everything on crypto during bear market.
Align the Purpose with Your True Self
Regardless of the goal itself, the most challenging thing is to have the goal aligned with our true self. If we set goals only to make other people proud of us, or to do better than our college frenemy, but deep inside we know we would rather live another life, then it is time to act on it. And what better time to start creating a life we really really want (as the Spice Girls would say #nostalgicmillennialmousehere), than a beginning of a new year?
New Year, New Me
Remember, days are long, but years are short! That’s said, my New Year resolution is to visit less Dunkin’ Donuts and go to Whole Foods more often – even though it would be more difficult because they have better cleaning service than at Dunkin’ so they are less welcoming to yours truly. Nevertheless, challenge accepted!
Disclaimer: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal or tax advice. The content of this newsletter is solely the opinions of the writers who are not a licensed financial advisors or registered investment advisors. Trading cryptocurrencies poses considerable risk of loss. Authors of this newsletter do not guarantee any particular outcome.
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