In This Issue
- I share my thoughts on the state of the market, Black Rock is here, Hodlnaut goes under, Circle and Tornado Cash, Avalanche hits new highs, Shina Inu’s BONE & Injective getting a cash injection.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on how to invest in the metaverse.
- Defi Dad has a tutorial for you on how to earn trading fees, bribes, and VELO rewards in Velodrome stable pools.
- Jesse has a ton of hot new airdrops for you.
- Hot new token sales.
- Rebecca has all of the latest news for you.
For any crypto related questions please comment on the website.
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What’s On My Mind by Lark
The State of the Market
The crypto markets bounced on the back of the US Inflation data release. The numbers for June had put inflation at 9.1%, but the markets flipped bullish after this because falling commodity prices meant that 9.1% was likely the peak. July’s numbers proved that it was, coming in at 8.5%.
This is lower than was predicted with the market expecting 8.7%. A fall of 0.6% for inflation is positive news for risk markets. It adds more fuel to the fire for a bear market rally.
Looking forward to the next inflation data release we want to see another substantial drop. Let’s hope that inflation does not stay stubbornly high for a long period.
Next on our calendar’s if the FED meeting at the end of the month. A dovish stance by them in the face of the falling inflation could indicate a further rally for risk assets.
Black Rock Is Here
Global asset giant Black Rock has arrived on the scene in a big way. This week they announced their partnership with Coinbase to allow for Black Rock customers to be able to easily buy Bitcoin.
Slowly but surely Wall Street is showing up to the party. 6 of the top 20 asset managers now allow for their customers to buy Bitcoin. In a few years it will be all 20.
Sometimes people feel like they are late to the game. You are not, sure, you are not super early, but you are not late.
Hodlnaut Goes Under
Another week, another centralized lender halts withdrawals. I hope that none of you were still keeping funds there.
I remain shocked by the massive collapse of centralized lenders and the absurd risks they were taking with customer funds. Actually this has been a pretty insane year from Celsius and Voyager, to the meltdown of UST and LUNA, to the huge number of defi hacks particulary of bridges like Nomad and Wormhole.
Crypto has been and remains a very risky asset class for a variety of reasons. Sometimes you might feel like it is just you, but rest assured everyone is being put over the barrel this year. It has been a very difficult time for investors.
Circle and Tornado Cash
An Ethereum privacy mixer called Tornado Cash has been sanctioned by the USA which alleges the service was used to launder billions for North Korean hackers.
Sad day for privacy advocates. BUT, an even more interesting takeaway from this story is that Circle, the owners of USDC have once again flexed their muscle and blacklisted and froze certain USDC addresses which were sanctioned after using Tornado…
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.
