Are You Afraid of the Pump?
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- 🎂 Bitcoin turns 15. Satoshi shipped the bitcoin whitepaper on this day in 2008. BTC is celebrating the day well over $34K. Keep your birthday wishes to yourself, Gary.
- 👾 Celestia debuts. Modular blockchain Celestia went wide today along with its TIA token. 53% is going to insiders. Cosmos DEX Osmosis slowed to a crawl after a surge in claiming activity.
- 🆕 New Vitalik just dropped. Vitalik published "Different types of layer 2s" on his blog today breaking down a weave of L2 tradeoffs.
| Prices updated at 4:00 pm ET | 24HR |
|
Crypto Market Cap $1.28T | ↗ 0.4% |
|
Bitcoin $34,589 | ↗ 0.7% |
|
Ethereum $1,812 | ↗ 0.7% |
📈 Yields up. Japan’s Central Bank is taking drastic action with bond yields to rein in inflation. We're feeling comfy with our ultra sound bonds at 3.2% yield.
This crypto market action is feeling good, a little too good given the macro factors surrounding it...
Today, Jack digs into the challenging macro environment out there, pulling out which aspects of the latest crypto pump feel sustainable and which do not.
Read all of the free alpha on our website 👇
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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
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