Let’s start with a wee bit of Alpha for the readers:
Delta neutral farming on Tracer yielding 3-4 digit APRs on stablecoins:
MARKET:
Bullish across the board for major layer 1 protocols, and Bitcoin is probably next to run. Stablecoin supply increasing, BTC on exchanges decreasing (holders)…as long as traditional markets don’t fall off, clear skies ahead.
The entire market was duped by a fake Litecoin press release saying Wal-Mart would start accepting Litecoin for payments:
Inflation keeps rising.
NEWS:
More BTC for Microstrategy, wow!
WSJ: Bitcoin to Bucks: Crypto Fans Borrow to Buy Homes, Cars—and More Crypto
NFTS:
Major scandal at OpenSea, the power house NFT exchange. The culprit has resigned his position.
RUGS:
Reaper Rugs themselves for $2m after deleting a line of code
REGULATORY:
Gary Gensler sharpens criticism of cryptocurrency in Senate hearing
POD O’ THE WEEK:
ARK Invest paints the picture about why cryptocurrency and Ethereum will eat TradFi and banking