"A will finds a way."
-Orison Swett Marden
Welcome to my new format. I hope you like it and if not let me know below.
BREAKING: EU Lawmakers Vote Against Bitcoin Ban
The conflict between Russia and Ukraine is beginning to send ripples through the global economy that could lead to a new monetary system. Will Bitcoin be Gold 2.0 or is it Reserve Asset 3.0? Can Bitcoin protect capital from inflation? Looking that way since over 99% of all Bitcoin volume comes from transactions of over $100k fueled by institutions. Anthony Scaramucci believes that macroeconomic factors will help Bitcoin rally to six figures in the coming months. Maybe that's why Elon Musk isn't selling his Bitcoin? Number of Bitcoin HODLers hits an all-time record at almost 40 million addresses.
Will governments make an attempt to outlaw Crypto? Jim Rogers believe so but don't forget, Bitcoin isn't Crypto. Ripple is doing really well against the SEC as the Judge has declined a key motion which means the notion that the SEC didn't provide Ripple with fair notice; which is bullish for $XRP. Meanwhile, Binance is considering obtaining a license to operate in Dubai. and El Salvador Bitcoin bonds are set to roll out amid mixed sentiment.
WAR IN UKRAINE
Japan sets penalties on Crypto exchanges for violating Russia sanctions.
CRYPTO MARKET
Bitcoin was rejected by the $43,000 resistance area and it is moving above an ascending support line. It bounced off "cloud" support, resistance is at $42.6K; the illiquid supply soars.
It's been two years since the COVID-19 crash - here are 5 things to know in Bitcoin this week. Investing in Digital Assets can transform your financial future, like Loi Nguyen who started his journey as an investor back in 2017 by purchasing a few hundred dollars worth of BTC, ETH and traditional stocks. In November 2021, his crypto investments outweighed his entire stock portfolio. Top 5 Digital Assets to watch this week: $BTC, $DOT, $SAND, $RUNE, & $ZEC.
Tax expert says buying crypto is not a taxable event
ANALYST'S CORNER
As we analyze this market, macro guru Raoul Pal unveils new valuation model for Bitcoin, Ethereum, XRP and Polkadot, says Crypto is growing far faster than the internet and Apple legend Steve Wozniak reveals he’s an early Bitcoin investor, says Bitcoin will hit $100,000. Pentoshi believe Bitcoin continues to print bullish higher low setups and have a parabolic run to $72K. Mike McGlone says Bitcoin's resilience as risk asset signals its maturation into digital collateral.
Glassnode reports that there is over $26,000,000,000 worth of ETH now staked in Ethereum 2.0 deposit contracts; will ETH hit $3,621 by the end of March? That is what the Coinmarketcap's Crypto community believes. Ethereum (ETH) Primed for Breakout This Month, According to Analyst Justin Bennett – But There’s a Catch. Altcoin Sherpa tells his 170,000 Twitter followers that decentralized liquidity protocol THORChain (RUNE) is ready to rally as long as Bitcoin (BTC) manages to stay stable. Meanwhile, pseudonymous trader Light tells his 149,400 Twitter followers that he’s shorting Terra (LUNA) with a price target at $51. Seems there is another bear as Sensei Algod thinks $LUNA will trade lower a year from now but Do Kwon takes him up on a $1M bet. Analyst Michaël van de Poppe Predicts Bottoms for Terra (LUNA) $70, Polygon (MATIC) $1, and Fantom (FTM) $.40
LESSON: What is Solana Pay, and how does it work?
ALTCOINS
As we look at the Altcoin market overall, the chart of altcoin market cap has reached a long-term rising line of support and a break through the 122-day resistance could lead to a new altcoin season. The SSR oscillator and Bitcoin's consolidation give a signal for altcoin upside momentum. The number of Cardano addresses reach 3.4M as $ADA surges by 5% and would you believe Charles Hoskinson say that there are over 500 projects building on Cardano? However, Cardano must maintain .80 in order to reach $1. Dogecoin now held by 3.89 Million addresses as Whales control 287 Million tokens. Shiba Inc looks to asset dominance with Metaverse plans and continues to get burned as 103.8 Million Shiba Inu Burned in Past Week, 12.26 Million Destroyed Within 24+ Hours. Avalanche's price performance remains one of the most stable on the market as the staking rate of the network reaches 50%. Whales are buying $WLUNA.
DEFI/CEFI
Standard Chartered’s crypto custodian Zodia to help clients earn yield on token holdings
BLOCKCHAINS
Ethereum is about to merge. Kiln is the final testate before the merge and staking milestone of 10M ETH has been reached; fees reach 50 cent.
WEB3
In the word of Web 3, The second fastest-growing city in Texas (Austin) will begin exploring policy capabilities to accept Bitcoin as a payment option and integrate other Web3 applications to improve resident‘s lives. But, Web3 needs to reframe around participation in terms of technology, architecture, design and talent to achieve a decentralized internet. CryptoPunks trading volume have risen on the back of its acquisition by Yuga Labs and the floor price of related projects to Yuga Labs have also spiked to new highs. Yuga Labs revealed that CryptoPunks holders would now have exclusive rights of their tokens.
Congressional candidate Shrina Kurani uses NFTs to raise awareness, funds
Decrypt covers the legitimacy of NFTs. From rug pulls to scams to mocking the art, NFTs have faced criticism from regulators and mainstream media. Can the tech overcome the critics? It seems to be working for Cam Rackam who made $738K in 32 minutes selling NFTs and Musician Dillon Francis said 'I had to have' a Bored Ape Ethereum NFT. Good thing he doesn't live in Singapore because they tax NFTs and pondering how best to regulate retail Cryptocurrency trading. Meanwhile, NFT collector accidentally sells EtherRock NFT for a Penny.
In other news, Mila Kunis’ Studio launches Solana NFT animated series, The Gimmicks.
INTERVIEW: Joe DiPasquale of Bitbull Capital
MINING
Bitmain says new liquid cooling miner is its most power efficient model to date. New York continues to be on the wrong side of history as it pertains to Bitcoin mining; and they will lose out on a booming industry. Not Kevin O'Leary, he believes that money is flowing to ESG conscience mining companies. Across the sea, EU Set to vote on Proof-of-Work Crypto mining ban. Argo Blockchain and Core Scientific swap bitcoin mining fleets.
Remember Akon City? Well, the token created by Akon has hit $5M in volume.
With the good comes the bad, according to Off the Pitch, Dreyfus (CEO of Socios) has been accused of withholding payments in order to keep the price of Chiliz (CHZ), the cryptocurrency utilized by the Socios community, stable. Canadian cops confiscate Bitcoin worth over $28 Million from ex-gov’t employee. No crypto for criminals: Coinjoin BTC mixing tool to block illicit transactions and ff we are honest, just as with dollars, criminals still find ways to use Bitcoin for nefarious reasons but that doesn't delegitimize the asset.
FOLLOW DAT MONEY
Solana-Based NFT Marketplace Magic Eden Raises $27M Series A. Ethereum Staking Protocol Swell Raises $3.75M as Locked ETH Tops $26B. Pantera, Animoca Brands Co-Lead $10M Investment in Metaverse Game Studios.
PODCASTS
- The Pomp Podcast: #861 Why Crypto Cold Storage Is Needed NOW w/ Adam Lowe
- Stephan Livera: SLP354 Josef Tetek - Why is Bitcoin HODLing rational?
- Empire: Is Anchor’s 19% APY Sustainable | Weekly Round Up
