> ## Content Index
> Fetch the complete content index at: https://dexplain.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# Countdown
- URL: https://dexplain.com/countdown/
- Published: 2021-07-07T11:05:00.000Z
- Updated: 2022-11-14T21:56:09.000Z
- Description: Bitcoin's price range continues to tighten with a bullish pennant forming on the 1H, volume and volatility are low, explosive movement ahead?
- Author: wizardfromspace
- Tags: defi, Ethereum, Bitcoin, Crypto Art, Non-fungible Tokens, Collectibles, Crypto News, Cryptocurrency, Crypto Trading, yield farming, Cardano, Axie Infinity

So when are we allowed to get perma-bullish again? Bitcoin’s range continues to tighten up, [just look at this pennant on the 1H](https://www.tradingview.com/x/NmZHGDOj/?ref=dexplain.com), while volatility and volume are averaging out. The market looks to be setting up an explosive movement. I still believe the point of control for the bulls to flip is \~35k, if it happens then I am leaning towards the price rocketing into 37-40k quite easily. However, if we test 30k again and it breaks, then expect to see a violent cascade downwards.

Meanwhile, Ethereum core devs have set [a proposed block date for the London upgrade](https://twitter.com/bantg/status/1412443802577653762?ref=dexplain.com) to mainnet, this will contain EIP1559\. Looks like it will happen in early August around the 4th, set the calendars!

### Where to trade?

Here are my favourite crypto exchanges, use the referral link for atleast a 10% discount on your trading fees.

- [Bybit](https://www.bybit.com/en-US/invite?ref=M2YNXG) \- Currently, this is my favourite platform! Great liquidity and bonuses for deposits.
- [Delta Exchange](https://www.delta.exchange/app/signup/?code=VVRPEI&ref=dexplain.com) \- Good for a degen account, no KYC required but low liquidity.
- [Binance](https://accounts.binance.com/en/register?ref=X8XUVA60) \- Lots and lots of spot altcoin pairs, especially BTC pairs.
- [KuCoin](https://www.kucoin.com/ucenter/signup?rcode=r3D6E6L&ref=dexplain.com) \- Great for longer small cap holds.

---

## Crypto News

- **Coinbase**: Here is a top signal to remember next time the market is crazy bullish and up only, Coinbase App went from [rank 1 to rank 300 in just 2 months](https://twitter.com/Dogetoshi/status/1412465283181260811?ref=dexplain.com).
- **Vietnam**: Pham Chinh, the Vietnamese Prime Minister, has asked[ the country’s central bank to start a cryptocurrency program](https://micky.com.au/vietnam-finally-joins-the-crypto-bandwagon/?ref=dexplain.com). This is a big U-turn on its previous policy of prohibiting banks from touching crypto.
- **Cardano**: Frederik Gregaard, the Foundation’s CEO, [announced the aim is to onboard ADA into 50 banks and 10 fortune 500 companies](https://cryptopotato.com/cardano-aims-to-onboard-50-banks-and-ten-fortune-500-companies-over-the-next-5-years/?ref=dexplain.com) within the next 5 years. If achieved this will make it one of the easiest cryptocurrencies for users to on/off-ramp into fiat.

---

## DeFi News

- **MatrixSwap**: Announced plans to build [a DEX aggregator on top of MATIC](https://twitter.com/matrixswap/status/1412423337305911302?ref=dexplain.com), and that the team has received a grant from the Polygon team to do so. And it will be called The Nebuchadnezzar… so crypto teams are still oblivious when it comes to copyright law.
- **TokenTax**: Good news for liquidity providers and DeFi, [it’s thought that providing liquidity on Uniswap V3](https://twitter.com/TokenTax/status/1412451283441786881?ref=dexplain.com) would not be considered a taxable event. This is due to how the smart contracts essentially turn your position into an NFT.
- **DeFiYield**: Released a new tool called [the Risky Contract Manager](https://twitter.com/defiyield%5Fapp/status/1412422569077129223?ref=dexplain.com), which automatically checks your wallet address against approved allowances with potential malicious smart contracts. Safety first!
- **KoffeeSwap**: It might be Kucoin season? Kucoin Community Chain just launched, and as expected, [yield farms are already starting](https://twitter.com/koffeeswap?ref=dexplain.com) to pop up. No stablecoins yet.
- **Aave**: Is Summer DeFi 2.0 finally here? AAVE [token is up by over 16% given the news](https://decrypt.co/75290/aave-up-16-on-news-of-aave-pro-launch?ref=dexplain.com) of its new institutional investor platform called Aave Pro.
- **Sushiswap**: Announced [its partnership with Archer DAO](https://twitter.com/Archer%5FDAO/status/1412387532642344965?ref=dexplain.com), which will enable MEV protection for swaps. The integration is already live on SushiSwap, preventing trades from being frontrun and sandwich attacked.
- **Ratio Finance**: Introduction of [the upcoming lending platform on Solana](https://ratiofinance.medium.com/ratio-finance-an-introduction-bbbc44add6e7?ref=dexplain.com), will enable users to mint Ratio USD (USDr) from Raydium LPs and earn additional yield. Looks exciting!
- **Element**: Added [crvTriCrypto to the platform with the 40-day term](https://twitter.com/element%5Ffi/status/1412452431183630343?ref=dexplain.com) currently netting over 20% APY. Next up is DAI, so familiarise yourself with the platform now.
- **Step Finance**: Time for [a hard refresh if you’re using this dashboard](https://twitter.com/StepFinance%5F/status/1412472032487424001?ref=dexplain.com), now includes a transaction history along with all the latest Raydium, Saber, and Orca pools.

---

## 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.

![](https://dexplain.com/content/images/2021/12/temporal-bear.webp)

**Kittball 006 / Temporal Bear**

*The Kittball Collection is a creative collaboration put together by Germany’s top House Music label Kittball Records and artist mendezmendez. The collection is made of 30+ of the best artworks created by mendezmendez for Kittball.*

- Where to bid? [Rarible](https://rarible.com/token/0xe6c811804b505915017c67380d93be4f245b5a2b:10007?tab=owners&ref=dexplain.com) or [Opensea](https://opensea.io/assets/0xe6c811804b505915017c67380d93be4f245b5a2b/10007?ref=0x5cE9f7032953d8E3f3D98f508C1b9B489Ee621D).
- Artist: [mendezmendez](https://twitter.com/mendezmendezart?ref=dexplain.com).

---

## NFT News

- **Instagram**: Buying and selling of NFTs directly on Instagram is being seen as a revolutionary step forward for the crypto art scene, [no official date yet but there have been mentionings of a payments section](https://www.cryptopolitan.com/users-will-be-able-to-sell-nfts-on-instagram/?ref=dexplain.com) coming to the app soon enough. Stay tuned!
- **Axies**: If you’re still scratching your head over why/how AXS pump appears to be saving the whole crypto market, [check out this thread on Twitter](https://twitter.com/AxiePuff/status/1412606196721209352?ref=dexplain.com). Very good read.
- **Mintbase**: Integrated [VR with 3XR](https://twitter.com/mintbase/status/1412696203813392386?ref=dexplain.com), enables everyone to create and share spatial content. So creators can now present their store not in its 2D format but via their own Virtual Gallery.
- **PunksOnPolygon**: Users can [now collect and trade PolygonPunks](https://twitter.com/0xPolygonTech/status/1412441219309793282?ref=dexplain.com), inspired by the first NFT project on Ethereum known as Cryptopunks. So the big question is, do forks hold any value from the original NFT project? Come discuss [our discord](https://discord.com/invite/SMgDzbFaqd?ref=dexplain.com).