Oh Bart

What was all the panic about? It’s just a classic 2017/2018 upside down bart pattern on the BTC chart.

Well it’s encouraging that we didn’t nuke downwards after losing yesterday’s daily range, but I see no reason to start trading with any strong directional bias – we’re still ranging. New FUD seems to be that governments want to going after anonymous cryptocurrency wallets, so that might be something to watch for in the media headlines… despite it being near impossible to enforce.

Crypto News

  • JPMorgan: The major US bank is on a blockchain hiring spree, ads are plastered all over with a range of roles, many asking for experience in proof of stake and Ethereum.
  • Coinbase: Finds itself in the hot seat being sued over a “Deceptive” Dogecoin campaign. The plaintiff is seeking $5 million in damages in regards to Coinbase’s $1.2 million DOGE sweepstakes.
  • FTX: The exchange has raised $900m and is valued at ~$18B, the largest private equity round in the industry’s history. A massive milestone for FTX! And if you’re stuck due to Binance suspending deposits/withdrawals for GBP and EUR, well it’s time to migrate.
  • Stablecoins: After U.S. Treasury Secretary Janet Yellen met with multiple federal agencies on Monday, we can expect new regulatory frameworks to come out for stablecoins within the next couple of months.
  • Cardano: The road to smart contracts going live on mainnet is finally looking possible after all the Alonzo hard forks have been successful on testnet.
  • Memes: Are dying? Investors seem to be losing interest in meme tokens, price and volume are in steep decline. Probably a correlation with the wider crypto markets downturn

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.

Buss It

Abstract digital art by Tankuss. Inspired by Bart Simpson.

NFT News