In This Issue
- I share my thoughts on the state of the market, Russia’s crypto payment law, token wars, AVAX subnets & the Cardano VASIL hard fork.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on Omnichain NFTs.
- Defi Dad has a tutorial for you on how to earn Up to 44% APR with UST/USDC or 33% APR with mSOL/SOL on Solana’s Crema Finance.
- 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
After the big rejection from $48,000 down to $39,000 Bitcoin has slowly been grinding sideways. The market is still unable to define a strong trend either up or down. These “boring” times in the markets tend to be good times to average into positions. That being said there is still money to be made in this market. STEPN has reached a new high this week, now up like 300X from the ICO on Binance. Nuts. Not all token sales do anywhere close to that good, but there are still good returns on token sales across the board right now. And of course farming remains highly lucrative with new platforms launching all the time and with existing services continuing to offer good yields.
<h3 id="russia-crypto-payments-law “>Russia Crypto Payments Law
Russia is said to be in the final stages of releasing a bill to legalize crypto as a form of payment inside the country. This has MASSIVE implications if the final bill goes as far as I hope. Crypto could end up being a lifeline for the Russian economy. Over the last few months Russia has been hit hard with sanctions over the government’s invasion of Ukraine. But as so often happens with sanctions, the regular people are hit the hardest. Let me give you an example of my friend Olga who works in a wine import company in Russia. Once sanctions hit and Russia was taken out of SWIFT (the international bank messaging service), their clients suddenly started canceling orders, because they no longer thought her company could pay their bills. They now demand up front payment for the wine. But her company cannot send money to them, because her company’s bank cannot talk to the foreign sellers bank. This is but one anecdotal example which will be replaying itself many times over across Russia. However, if her company was legally allowed to accept crypto then it would be a game changer!!! It would completely allow regular businesses to sidestep the SWIFT network and legacy banking system. The economic implications of this story are potentially massive.
<h3 id="token-wars “>Token Wars
The so-called protocol wars are when we see new protocols trying to acquire large portions of a different protocol’s tokens either to affect governance or to get big boosts to APR rewards. This has usually created a bullish narrative for the target token and often for the token of the protocol doing the acquisition. Curve and Convex on Ethereum are what started this trend. Furthermore the advent of vote locked tokens into crypto have created a very interesting form of…
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.
