MARKET:
There’s a first time for everything in crypto, and unfortunately, $BTC plunged below $20,000 (technically to $17,500) making it the first occurrence the token dipped below the previous cycle’s all-time high price. $ETH also sold off under $900 due to the contagion that stemmed from the Terra/LUNA/UST and Three Arrow’s Capital blowup.
Forced liquidations likely have ended, however, in the current macroeconomic and inflationary environment, and with additional fund redemption selling, it’s unlikely we see a v-shaped recovery even if the bottom is in.
BTC has died again!
NEWS:
Ray Dalio is now officially calling for Stagflation
After Celsius, more CeDeFi players hit by 3AC contagion. BlockFi, Nexo, and Voyager
Saga - The Android mobile phone that runs Solana
NFTs:
Solana NFT marketplace with a 9 figure raise
REGULATORY:
POD O’ THE WEEK:
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Ethropy Wallet - ethropy.eth
Buy a Ledger Hardware Wallet (Affiliate Link)
TradingView Referral - Get $30 off annual Subscription