5 Alpha Tweets - How the Terra Attack Unfolded, Good ETH Merge News & More
Welcome to the alpha please newsletter. I curate five alpha tweets every Friday; that’s it, that’s the newsletter.
It’s been a surreal week in crypto. A week that none of us will forget. I know a lot of people have been hurt and affected by the Terra collapse, along with the general market downturn. Take the learnings and you will come back stronger.
1. How the TERRA attack went down
Ingenious, yet terrifying. Onchain Wizard describes how much money the attackers made and how they did it.
2. Another successful ETH merge test
We could all do with some good news this week. Well, here it is; the mainnet shadow fork 4 was just merged with no issues for any client. No technical issues for the first time. The merge really is happening soon!
3. ETH is money
“Buying blockspace is the goal, spending ETH is the requirement”, Dom explains:
4. Chainlink and a lesson for entrepreneurs
Yes, LINK price is not a gud price right now, but let’s just ignore that for a second. DeFi Drew illustrates how the Chainlink team have executed as a start up and are working towards realising their vision:
“becoming a source of truth that is credibly neutral, powering most smart contracts on most chains.”
5. Bear market thoughts from a crypto veteran
This week has been tough for many, but the good times will return. Ian drops his perspective on where we are going from here.
@alpha_pls tweet of the week
Important lessons from the collapse of Terra.
And that’s your alpha.
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Do your own research.