In This Issue
- My portfolio updates.
- Rebecca shares her thoughts on ETH staked being unsafe, Bitcoin Ordinals getting bigger, the Multichain and Binance crisis, Starknet’s major upgrade & the UK storming ahead with new crypto rules.
- Altcoin Alpha by David.
- Airdrop of the week by Jesse.
- Jesse has a deep dive on Conflux Network (a new divergent DAG).
- Sam has a report for you on the NFT crash and what’s next.
- In case you missed it by Rebecca.
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Lark’s Portfolio
Buys and Sells
I bought some more Bitcoin at $30,480. Nothing crazy, just some stacking.
I added some more ARB around $1.10. Apparently Offchain Labs, the creators, have been buying up big amounts of ARB. That is interesting for sure. Stack is getting big, but I think this one does have a good shot at making some decent moves.
I have been doing a little bit of Litecoin trading. Running tight stops when I do though as I worry the LTC halving narrative might not have that much gas left in the tank.
Airdrop Farming
I took a few minutes to do some airdrop farming this week. Trying to keep up on ZKsync. I did some swaps on Mute and Syncswap. I also provided some liquidity into Syncswap. I put about $500 into the USDC/ETH pool. That should position me well for any future drop on ZKsync and or Syncswap.
Open BUY and SELL Orders
(NOTE: You should never blindly follow my moves. I share these for educational purposes, not as signals for you to trade on)
Buy
- N/A
Sell
- AVAX $30
Current Farming Positions
- Trader JOE: ETH/USDC on Arbitrum
- Syncswap: ETH/USDC on ZKsync
👉 VIEW LARK’S UPDATED PORTFOLIO 👈
The News Now
😱 Vitalik Buterin Drops ETH Bombshell
Just as everything was going well in ETH land, Vitalik Buterin drops a bomb. Get this, he is only staking a “small portion” of his ETH. Eeek! Of course, Charles Hoskinson made it known he has all his ADA staked. But it’s not that Vitalik doesn’t want to. The real reason behind the confession is this: staked ETH is at risk of being stolen.
This is what Vitalik had to say:
“If you stake your ETH, the keys that access it have to be public on a subsystem that is online. For safety, it has to be a Multisig. Multisig for staking is still fairly difficult to set up, it gets complicated in a bunch of ways.”
Buterin’s made a blunder here. Is ETH not safe? If staking safely requires multi-signature, which remains a tricky process on the network, then it does imply that Ethereum staking isn’t safe. And security on the Ethereum network isn’t where it should be. This is why the Ethereum team is hard at work on The Three Transitions. Remember the blockchain trilemma: Scalability, Decentralization, and Security. Ethereum has made it clear it needs to solve all 3 to survive.
👍 Bitcoin Ordinals Just Got Bigger And Better
No wonder Ethereum pulled a Mark Zuckerberg with a copy-and-paste job on Bitcoin Ordinals. Just weeks after “Ethscriptions” launched, Buterin is praising the Bitcoin Ordinals protocol. He’s said it signals the “organic return of builder culture” to the network. A counter to…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
