In This Issue
- I share my thoughts on the state of the market, Waves being in trouble, Terra is back, the Cardano and Solana futures story, the 19th million Bitcoin mined & inflation
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on undervalued NFTs
- Defi Dad has a tutorial for you on how to earn up to 33% APR with stablecoins on Fantom’s Beethoven-X
- 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
The crypto markets have taken a tumble at the time of writing. WTF is going on? Well, quite simply it seems that the markets are reacting to released transcripts of the FED meeting that happened two weeks ago. And as we know when the equity markets dump, then crypto dumps right along with it! Here are the key things to note for investors. The FED wanted to raise interest rates by 0.5% not just 0.25%, the reduction came only due to the conflict in Ukraine. Meaning that we can expect more aggressive rate rises to happen at future meetings. The second and likely much more impactful reality is that the FED will start unwinding its nearly 9 trillion in assets. In 2020 and 2021 the FED was buying up assets, but now it is planning to unload them which will put incredible pressure on the markets! Welcome to the era of quantitative tightening! Not good.
<h3 id="terra-is-back!!! “>Terra is Back!!!
According to the Terra Foundation Bitcoin Wallet it seems that they have started buying Bitcoin again! This after a short break of around a week with the last purchases on March 30th. With the most recent purchases it would appear that Terra has spent around half of their greenlit cash for buying Bitcoin. It is interesting to note that Terra allowed the market to cool down before making new purchases. Seems that everyone wanted to front run the Terra buys last week which pushed the market up. Terra Founder Do Kwon has announced that Terra will be basically buying Bitcoin in perpetuity with a strategy of constant stacking planned for the future. Also Microstrategy’s Michael Saylor did buy the dip this week too.
<h3 id="waves-in-trouble? “>Waves in Trouble?
Waves “Russia’s Ethereum” had a mega pump recently on speculation that Russia would turn to Waves to evade sanctions, which was followed by claims of price manipulation directed at Alameda. But the reason I want to talk about Waves today is that within 2 months the Waves ecosystem could see about 400 million in liquidations for the backing of its USDN stablecoin. The immediate effect of this news hitting the market was a fall in price of the stablecoin from one dollar to 74 cents, even as low as 60 cents on some exchanges, and it is at the time of writing still trading well under a dollar at 88 cents. USDN is like UST in that it is collateralized by the WAVES coin like UST is collateralized by LUNA. Claims of the whole WAVES USDN thing being a ponzi also started to rattle investors who ran for the exit door which caused the peg of USDN to fall fast. The crux of these claims are that borrowed money is being used 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.
