ACE’S TAKE:
The Bitcoin halving cycle will be delayed until 2024 due to the combination of Mt Gox and the US Government selling, and the lack of easy/cheap liquidity. Until the Fed decides to pause rate hikes, this is a double whammy for the current BTC bear market.
The question is: Will non-BTC crypto also have a muted bull market if $BTC doesn’t get the bid? Will $ETH lead the market with the staking and deflationary narratives? I am betting yes, but these are uncharted waters.
MARKET:
Perhaps the biggest bottom signal yet - Paradigm pivots to AI and away from crypto:
Another bottom signal, a somber announcement that one of the crypto market darlings, Nansen.ai, is laying off 30% of the workforce.
Rumors of layoffs at Binance are circulating too:
NEWS:
Memecoins have dominated crypto and it’s time for a change:
DeSantis strong pro-crypto language:
Economy slowing down rapidly:
The Multichain team may be in trouble with the Chinese government:
REGULATORY:
Web3 legislation proposed by China:
RUGS:
Jimbo flash loan attacked:
Tornado Cash governance attacked:
POD O’ THE WEEK:
Big brains from Parsec and Spreekaway recapping the AI and crypto news:
Support Ethropy!
Canto validator for Four Moons - delegate $CANTO
Ethropy Wallet - ethropy.eth
Buy a Ledger Hardware Wallet (Affiliate Link)
TradingView Referral - Get $30 off annual Subscription
None of this is financial advice