In This Issue
- I share my thoughts on the state of the market, MT. GOX FUD, Cardano Vasil fork, Curve watch, NFTs are dead, WTF AVAX, bear market exposure & don’t ignore opportunities.
- Rekt Capital has the latest technical analysis for you on the market.
- Sam has a report for you on NFTs with real utility
- Defi Dad has a tutorial for you on how to earn up to 6% APY lending ETH on Aave with Morpho.
- 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
The State of the Market
Jerome Powell has unleashed the pain machine into the markets. The FED is continuing to be aggressive even though the economy is weakening. A wave of unemployment is coming. And inflation reduction is nowhere in sight.
This has been combined with some monumental challenges in other key economies. Europe’s fears over a gas crisis which could have far reaching effects. China’s property woes are coming at a terrible time. Droughts in China and Europe are only making an already bad situation worse.
All of which has helped the Dollar Index rally to highs not seen since 2002. Not good at all. Risk assets could face a very hard year end… unless they turn the money printers back on, BUT there will probably need to be a lot more pain first.
The old saying goes “don’t fight the FED”, and right now the FED has been pretty clear on its intention to crash the markets and slow the economy.
MT. GOX FUD
The upcoming release of the 137,000 Mt. GOX Bitcoin has been causing a lot of fear in the markets. With a lot of misinformation usually accompanying that fear.
Part of the reason for this is that the entire Mt. GOX rehabilitation process has been slow and opaque. But the fact is that this Bitcoin will start finding its way to the market soon, or maybe “soon-ish”. Not all at once.
There is no indication how many people will sell, but some will considering they are like 4,000% in profit. Most likely, the sell off from GOX will be slow, providing continual sell pressure. Hopefully low enough though that the market impact is not super dramatic. But even the fear around this could be enough to drive markets. We are in very precarious times.
Cardano Vasil Hardfork
Charles Hoskinson has signalled that the Cardano hardfork will happen in September. This is a major upgrade to the network and will make the age of defi truly possible for Cardano. Now the question is will the macro chaos allow for Cardano to have a rally on the news?
Curve Watch
The founder of Curve has said that the new crvUSD stablecoin could launch as soon as next month. I expect this could be a good catalyst for the asset and I will be keeping a keen eye on the progress. Remember, Curve is one of the biggest and most important pieces of defi infrastructure.
NFTs Are Dead…
NFT volumes on Opensea have fallen by 99% from yearly highs in May. In fact Opensea did just 5 million in volume on August 28th. Pretty shocking how fast liquidity has dried up for NFTs.
Sure, part of this is because other…
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.
