By a Thread

Bitcoin is still holding onto 30k as support following the lowest weekly close of 2021, fresh pain ahead? Come discuss how you’re playing it in our discord.

Lowest weekly close in 8 months.

Recommend watching the headlines for anything Stablecoin related when it comes to regulations. Treasury Secretary Janet Yellen will talk with all the top U.S. financial markets and bank regulators to discuss rules for digital stablecoins. Any bad news for Tether might be the bearish catalyst to push the markets down, and it’s true no new USDT has been printed in weeks.

Crypto News

  • Brazil: More good news for crypto adoption in South America, Brazil approved the first Latam based Ethereum ETF. Enables retail or institutional investors to easily gain ETH exposure via the B3 stock exchange.
  • Binance US: Rumours continue to fly about ex-CEO Coley who has not been seen since being abruptly replaced in April, fuelled by her inactive Twitter account, people are now asking if she is even alive?
  • Michael Saylor: Claimed that he will never be forced to sell MicroStrategy’s BTC position, and intends to HODL no matter what. At BTC’s current prices he will soon be underwater, let’s see if his bullish hopium remains intact during that scenario.
  • Binance Coin: Burned over $390M worth of BNB in the 16th quarterly burn, CZ was quick to remind everyone that the team has also never sold a single unlocked BNB, only burned them.

DeFi News

NFT Spotlight

Be sure to check the listing to view the digital crypto artwork in its full glory, as some art is animated or contains audio.

The Red Thread

It is said that on each person’s little finger there is an invisible red thread, which is only connected to the half of soul...

NFT News

  • Sygnum: The Swiss bank partnered with an art investment firm to tokenize Pablo Picasso’s 1964 painting Fillette au béret, which will allow people to buy shares of the art piece by holding Art Security Tokens (ASTs).
  • Volume: In the first half of 2021 we’ve seen NFT sales volume surge to new highs, with $2.5 billion in sales so far this year. Just think NFT volume in the first half of 2020 was $13.7 million, that’s a huge increase!
  • Axie Infinity: Is the mania at its height? Axie tweeted out an ad in a Singapore newspaper. Apparently, it is possible to earn $50-60 per day by just grinding the game, guess that’s the new bear market job?
  • Alibaba: Announced its huge ECommerce website Taobao will include NFT Arts during this year’s Maker Festival. It’s a festival the company launched in 2016 which encourages Chinese artists and entrepreneurs to promote their art and sell it via Taobao.