If you thought the US economy was upside down and back to front, you’d be correct.
Because US inflation just went up for the first time in 13 months. Uh-oh.
Welcome to your end-of-the-week crypto news round-up. The side of macro mayhem is on the house!
Here’s what’s in today’s issue:
- My portfolio updates.
- Rebecca shares her thoughts on US inflation numbers, Aptos and Microsoft teaming up, Coinbase launching Base Network, Fantom’s L2 plans & the SEC appealing the XRP decision.
- Altcoin Alpha by David.
- Airdrop of the week by Jesse.
- Jesse has a deep dive on Morpheus Network and their supply chain technology.
- Sam has a report for you on 6 bear-defying NFT drops.
- In case you missed it by Rebecca.
For any crypto related questions please comment on the website.
Lark’s Portfolio
Buys and Sells
I have added a little more to my LINK bag at various prices in the last week. A lot slower this week and likely getting closer to being finished.
I sent one third of my Bitcoin to exchanges to swap over to WBTC. I have not done the swap yet. There are some big tax implications to consider here if I do. So I want to be sure of this course of action before I do it.
I also need to figure out exactly what I want to spend that money on when I take the loan of DAI using the WBTC as collateral on Maker’s Summer app.
I put some DAI into the Summer App as well since the current 8% APY is pretty attractive. Just a place to park some cash while I decide what else I want to do.
Short list “maybe” coins to buy with new DAI injection
- LINK (Chainlink)
- INJ (Injective)
- LRB (Lybra): I might even ape into a short term play on V2 hype, risky though)
- RDNT (Radiant Capital): I keep feeling like I am too late / mid-curving this)
- MNT (Mantle)
Farming
Back to work on the farm this week.
- Linea: Did some swaps on Kyberswap and Horizon. I also bought the full collection of Linea Voyage NFTs which denote early users of the chain. I did this on Bilinear NFT market. Total cost was around 0.1 ETH. I also registered a domain name at lin.domains. Then I put a little ETH into Linea Bank to farm coins.
- Mantle: I did some swaps on Agni, Fusionx, and Reax Finance. I provided liquidity on Lendle.
- Base: I bridged money over to BASE. I made swaps on and added liquidity to the BSWAP/ETH pool on Baseswap. I also minted 50 onchain summer NFTs.
- zkSync: Usual swaps on Mute and SyncSwap.
- Polygon zkEVM: I finally bridged some ETH over here. I did a swap and added liquidity on Quickswap to the QUICK/USDC farm pool.
I also made a bridge swap from ETH to ARB using the Metamask wallet. Just in case they ever do an airdrop.
I also claimed badges, registered an ID and email on Debank. There is no certainty of an airdrop or what it will require, but there are the likely steps.
Next week I will be looking for money things to do on BASE. Also, I will be hunting out low cap high potential coins that I might throw a few ETH into.
Please keep in mind these are not testnets. I am risking real money, albeit small amounts. Any of these projects can be hacked or rug pulled. Caution is advised if you decide to follow me down this path.
Also, while I am chasing airdrops, nothing is guaranteed. I might just end up using all of these blockchains for fun alone 🙂
Open…
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.
