In This Issue
- My portfolio updates.
- Rebecca shares her thoughts on Bitcoin’s new stablecoin, Argentina issuing a 2,000 Peso banknote, China state TV pumping crypto, Cardano’s comeback & Ledger’s recovery service going open-source.
- Altcoin Alpha by David.
- Airdrop of the week by Jesse.
- Jesse has a deep dive on Frax Finance.
- David compares MetaMask vs Trust Wallet.
- Sam has a report for you on why Pudgy Penguins are flying.
- In case you missed it by Rebecca.
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Lark’s Portfolio
Buys and Sells
I added some more Bitcoin at $26,100. At the time of writing my buy order at $25,100 still stood open.
I added a small amount of ARB at $1.09. Also, my ARB buy order is also still open at $1 at the time of writing.
I added some more CRV at $0.82, more on that in a moment.
I sold WLKN that I got from my venture investment.
Joe Updates
Total returns on my Trader Joe ETH pool in one month with an initial investment of around $13000 dollars has been about 7% ($860). Not bad for just 30 days of being in the pool. I am still in this pool.
Curve Finance
I added a little more to my Curve Finance position at $0.82. I also claimed my CRV rewards on Convex Finance. I sold the CVX for CRV and I restaked the CRV into the pool along with the CRV I bought. With the crvUSD stablecoin being released I remain bullish on CRV as a keystone of DeFi.
Don’t Get Shaken Out
The crypto market in 2023 has been a wild ride of emotions so far. We had massive rallies that felt good during the early months of the year, but even during the festive time, we had storm clouds gathering overhead.
Inflation, according to Truflation is now down under 3%.
But that has not stopped the FED from rushing out rate hikes. They are breaking the economy on purpose. They want people to lose their homes, banks to collapse, you to lose your job, and generally bad things to happen to slow down the economy and inflation. However, the FED, as usual, does not react on time, they are slow to move. Inflation may soon be a non-issue, but the economic devastation of rate hikes could have a much more dramatic impact.
Plus there are many other things spooking markets.
- Bond yields
- Commercial real estate
- Soaring mortgage rates
- Credit crunch
- Inflation remains high in the EU and UK
- Banks are collapsing
- The whole debt ceiling debacle
- The price of oil
- The threat of more rate hikes
Social media is filled daily with doom and gloom.
And markets do hate uncertainty, which is what we have now.
But, while we could be in for all manner of short-term turmoil I remain steadfast in my long-term approach to this market. The tech being developed is a revolutionary layer of the internet. Adoption is increasing. I mean, heck, every US presidential candidate now has to have an opinion on Bitcoin. We have come far.
No matter what happens, in the long run, crypto wins.
If the FED starts printing money again, which they may have to do, then crypto wins. China is already flooding the system with liquidity, the FED will eventually have to join in. PS, China opens the floodgates for Hong…
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.
