In This Issue
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- I share my thoughts on the FED, the EU Bitcoin ban failing, LUNA season & Bored Apes buying Crypto Punks.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on how to avoid NFT rug pulls.
- Defi Dad has a tutorial for you on how to boost stablecoin LP yield to earn up to 12.5% APR with Vector Finance.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
A quick reminder that all research and market analysis is provided for educational and informational purposes, and should not be considered as financial advice. You are ultimately responsible for your investments and trades, and they should only ever be entered by those who understand the risks, are willing to lose their entire investment, and properly understand how to manage their risk.
Also, every issue will contain more information, tips, hints, and analysis than you can make use of. It is up to you to decide what information shared here has value to you or not.
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What’s On My Mind by Lark
The FED
Well, at long last it has finally happened. The Federal Reserve has officially raised interest rates in the USA by 0.25%. It has also indicated up to 7 interest rate hikes to follow this year with a further 4 possible in 2023, which is a rather aggressive policy stance. They currently expect inflation to finish the year at 4.3%. Which is still some very tough inflation. Key stocks indices took a small hit on the news. Now the question will be what will be the short to medium term impact of rate hikes on the crypto market. Historically speaking we might be looking at short term downward pressure, followed by strong price action closer to the end of the year. But we are to an extent in uncharted territory with commodity prices soaring, the war in Ukraine, and the coming economic default of Russia and the unwinding of Russian equities. While it is nice to finally have some kind of certainty from the FED, a lot of uncertainty still remains in the market due to a range of other factors. Bitcoin, the bellwether of crypto, is still stuck in consolidation. I am keeping a watch on $34,000, closing under this would signal a lower low and a potential further sell off. A close above $46,000 would likely indicate a major upward reversal is coming. Until one of these levels is reached we are waiting. Riding the tides of the markets.
EU Bitcoin Ban Fails
This week the European Parliament voted on a bill that would have essentially made it illegal for exchanges across the EU to list Bitcoin for trading. The reasoning being that the environmental impact is too high, and that BTC does not meet the incredibly vague criteria they set out for environmental sustainability. This provision was in an early draft of the bill, and was later removed, only to be added again at the 11th hour before the vote. THE GOOD NEWS is that this provision was struck from the bill 32 to 23.
LUNA Season
There has been another asset that has been beating the market. LUNA, the core asset of the Terra blockchain has been a big run recently, although it is cooling off a bit. But why has LUNA pumped so much? Well let’s explore…
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.
