Cryptocurrencies

The Sunday Crypto Recap – Down the Rabbit Hole 95

A slightly bearish tinge this week. Still, many cryptos continue to post strong gains. OMG, in particular, rode a wave of excitement on the announcement of its use by Tether. 

Portnoy came and went – probably for the best. Nonetheless, his stocks only go up mantra, is actually true – for now.

DeFi remains hot with Yearn.finance now well above 10k per token. Looking ahead, is gaming going to be the hot new thing? In my humble opinion – it is.


Picks of the Week

This thread on NexusMutual. This expansive examination of gold and Bitcoin. In addition, Preston Pysh on why this is Bitcoin’s moment.


Twitter

Bitcoin is in a class all of its own (recommended):
https://twitter.com/APompliano/status/1297364041237704705

Plenty to be bullish about (scratch Portnoy):
https://twitter.com/caprioleio/status/1294017427186098180

Bitcoin halving candles:
https://twitter.com/CryptoBull/status/1295495120318537739

Focus on Bitcoin:
https://twitter.com/BitcoinTina/status/1297199082503581697

Portnoy on why he’s moving on:
https://twitter.com/stoolpresidente/status/1297294553993674752

NexusMutual mega thread (recommended):
https://twitter.com/krugman25/status/1292500127047979014

ICON making meaningful progress:
https://twitter.com/markusjayvc/status/1296746394393354246


Articles

Gold and Bitcoin a relationship examined (highly recommended):
https://investoramnesia.com/2020/08/16/gold-bitcoin-markets/

Exploring a bankless nation (recommended):
https://bankless.substack.com/p/a-bankless-nation-part-i

A Bitcoin company looks set to enter the DeFi space:
https://www.coindesk.com/bitcoin-defi-japan-smart-contracts

On YAM (yes it’s still a thing):
https://insights.deribit.com/market-research/why-yam-is-a-nakamoto-scheme/

Tether adds OMG network as Ethereum fees continue to rise:
https://www.coindesk.com/high-ethereum-fees-push-tether-to-its-eighth-blockchain-omg-network

Central banks may only be getting warmed-up:
https://www.zerohedge.com/markets/central-bank-balance-sheets-hit-28-trillion-next-year


Podcasts

Bitcoin and Ethereum heavy hitters argue their case (recommended):

https://open.spotify.com/episode/5KLKB4ggqcdgmDetc59lQg


Preston Pysh outlines why Bitcoin’s moment has arrived:


https://open.spotify.com/episode/6lBIwtHUY6yjKum4F9oPyI


YouTube

Bitcoin in a world awash in debt and fiat expansion (highly recommended):

https://www.pscp.tv/w/1vOxwkgYgbVxB


On Bitcoin and DeFi:


Smart contracts – a clear high level explanation (recommended):


Chainlink brings random number generation to the next level (recommended):


Non-Fungible tokens may be the next ‘hot’ sector:


Infographics

Hmmm…is there a trend?:

https://twitter.com/ChartsBtc/status/1292981189377064960/photo/1


Lightning just not keeping pace with wrapped BTC growth:

https://twitter.com/skewdotcom/status/1292762623314923521/photo/1


Fees matter:

https://twitter.com/sassal0x/status/1293176462216802304/photo/1


Website / Utility

An excellent site for tracking broad crypto market sentiment:

https://app.santiment.net/


Another exciting and narrative rich week in crypto. As always, looking forward to your comments and suggestions.


Related posts

Crypto Contest July 13: Elrond

Markus Aarnio

The Sunday Crypto Recap – Down the Rabbit Hole 59

cryptos-decrypted

Is the Plastic Bag Era Over?

Mr. Crypto Lemon

Get involved!

Comments

No comments yet