In This Issue
- I share my thoughts on the state of the market, is it time to ape into altcoins, Grayscale possibly suing the SEC, Ronin being hacked & exercise coins
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on Metaverse NFTs
- Defi Dad has a tutorial for you on how to earn 9% APY with ETHMAXY, a 3x stETH leveraged yield position
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
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What’s On My Mind by Lark
<h3 id="the-state-of-the-market“>The State of the Market
Technical reversals are being locked in across the board with various indicators showing that the markets could be setting up for a major run. I really love seeing the markets being more bullish, although I do lament not buying more Bitcoin at cheaper prices… like I always do. Still though the green market days bring a lot of needed enthusiasm into the markets.
I want to be clear. Risks remain in the macro markets. The Russia Ukraine conflict is far from finished. Rate hikes could still have a negative impact on the markets. Recession fears are real and persistent. Can crypto outperform and rally hard in such market conditions? Of course. Will it? Let’s see.
<h3 id="time-to-ape-into-altcoins? “>Time To Ape Into Altcoins?
The question here is will the market maintain momentum after Terra is done buying up Bitcoin? If it does then altcoins are going to rocket hard. Personally, I have primarily been buying Bitcoin during the accumulation period. But now that the markets are hinting at a reversal I am looking at altcoins once again. I am eyeing up a few potential new positions to enter like ROSE, but will mainly focus on doubling down on existing positions like GLMR. As is always the case altcoins will outperform when the market starts really moving.
<h3 id="grayscale-to-sue-the-sec “>Grayscale To Sue The SEC
Grayscale, the biggest holder of Bitcoin and the operator of the Grayscale Bitcoin Trust, has announced that they are considering suing the SEC if they deny their spot Bitcoin ETF application. I actually support this. For way too long in the USA the SEC has been acting like a school yard bully intimidating companies, and rejecting everything it doesn’t like with almost no rational reasoning. At this point not giving the market a spot BTC ETF is ludicrous especially considering Canada and Brazil already have them, and many European markets have very similar products. Perhaps someone finally holding the SEC accountable for their games will move us in the right direction.
<h3 id="i-can’t-actually-believe-this,-but-it’s-true“>I Can’t Actually Believe This, But It’s True
Axie Infinity’s sidechain Ronin was hacked for 173,600 Ethereum and 25.5 million USDC. Apparently no one even noticed the hack for like 6 days. WTF? Pretty bad look to be honest. This is one of the biggest crypto hacks of all time, and the biggest in DeFi history. And yet another stark reminder that we are pioneers. When crypto hacks happen they are often pretty damn dramatic, as we see here. The fact that Axie’s AXS token did not completely tank after the hack news broke is in of itself…
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.
