Hope you all had a great weekend!
I know many of you are still enjoying it as today is Independence Day for the Americans in the crowd and many other countries have national holidays as well.
If this is you, then consider tuning in to the Coin Bureau with your friends and family for this week’s crypto review. Crypto is about freedom, after all!
In all seriousness, it’s been a bloodbath in the crypto markets and you can tell when the biggest gainers last week were all stablecoins (which only went up by fractions of a percentage).
It’s safe to say that investors are not ready for risk just yet, and given the way that things are going, they won’t be interested in risk anytime soon. Crypto has its own issues too.
One of these issues is the ongoing contagion from Terra’s collapse, which arguably caused the collapse of Three Arrows Capital, which has contributed to the collapse of Celsius and has now managed to push Voyager Digital into collapse territory. With FTX CEO Sam Bankman Fried saying some exchanges are insolvent, consider setting up a crypto wallet.
The silver lining is that the fundamentals for some crypto projects continue to improve even while their respective coins and tokens crash.
Two examples this week were Cardano and Cosmos, both of which had some pretty big announcements which seem to have gone by unnoticed. Good thing you have me to keep you in the loop!
⛓️ 🔗 Useful Links 🔗 ⛓️
► Bitcoin’s Second Worst Quarter: https://decrypt.co/104230/bitcoin-jus…
► Voyager Digital Freezes Withdrawals: https://cointelegraph.com/news/voyage…
► Grayscale Sues SEC: https://www.cnbc.com/2022/06/30/grays…
► Cardano Vasil Hard Fork: https://cointelegraph.com/news/cardan…
► Cosmos Interchain Security: https://www.theblock.co/post/154482/c…
► EU Passes MiCA Bill: https://cointelegraph.com/news/eu-agr…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.