Bitcoin's ETF Hangover ($)
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- 🗿 Larry Fink wants ETH ETF. BlackRock's Larry Fink seems to get what he wants, and he wants the SEC to approve ETH's spot ETF debut.
- 🔪 Halving is on the way. The next bitcoin halving is predicted to be just 100 days away; how will the market respond?
- 😔 NEAR layoffs. The NEAR Foundation, the startup behind the L1 blockchain, announced plans to lay off 40% of staff across biz dev and marketing.
📊 Enter Ether. Notorious countertrade indicator Jim Cramer may have tweeted that BTC's top is in, but the statements have done little to bolster price, with BTC down 9% on the day. Cramer has spoken, so why aren’t we pumping?
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $1.67T | ↘ 5.8% | ↗ 0.6% |
|
BTC $42,062 | ↘ 9.0% | ↘ 4.2% |
|
ETH $2,479 | ↘ 5.0% | ↗ 10.4% |
Stacks is a Layer 1 (L1) blockchain compatible with the Ethereum Virtual Machine (EVM) that acts as a scaling solution by extending smart contract capabilities atop Bitcoin. For this reason, Stacks is commonly referred to as a Bitcoin Layer 2 (L2).
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Phew, what a week! With David off climbing mountains, Ryan is joined by Anthony Sassano to discuss ETF week and all of the chaos and ecstasy that it involved.
Get the week's full lowdown👇
🧑🌾 Farming Alpha: Umami remains the top platform for juiced single-sided yields in the Ethereum ecosystem, but Aura is a close second for those seeking yields on LSTs. Kamino is offering high natural yields on their LST-SOL vault, while Base’s Aerodrome is a go-to for anyone seeking yield on stables!
Top Opps:
- 🟠 BTC: ≤200.1% APR with Umami’s WBTC vault
- 🔵 ETH: ≤99.2% APR with Umami’s WETH vault
- 🔵 ETH: ≤81.1% APR with Aura’s wstETH-swETH vault
- 🔵 ETH: ≤51.9% APR with Aura’s pxETH-frxETH vault
- 🟣 SOL: ≤9.8% APY with Kamino’s LST-SOL vault
- 🟢 USD: ≤100.2% APR with Umami’s USDC vault
- 🟢 USD: ≤47.5% APR with Aerodrome’s DOLA-USDC vault
- 🟢 USD: ≤38.8% APR with Aerodrome’s LUSD-USDC vault
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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