ALPHA:
I discovered an interesting new protocol called Mero Finance that has many DeFi strategies on the roadmap. Liquidity providers can safely put idle capital to work in order to protect loans and other positions. There is a $MERO token coming too so it will be smart to LP ahead of time to qualify for an airdrop.
MARKET:
The longer we keep making higher lows, the better the signs are for a market bottom. Ethereum has held up well relative to Bitcoin.
The Federal Reserve will meet next week in anticipation of 50 bps rate hikes. This would be the first lower hike in several months as inflation is abating slowly.
NEWS:
Stripe going Web2.5
Apple wants a share of Coinbase NFT revenues:
CEO of BlackRock sees the world becoming tokenized:
Distressed assets are attractive to big asset managers:
Alibaba embraces crypto:
FTX News:
RUGS:
POD O’ THE WEEK:
Appears sellers are exhausted, but the market is waiting for some good news before buying back into BTC.
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None of this is financial advice