The DeGen Bible to Financial Freedom - Vol. 5

Week 11 July - 15 July 2022 & Week 18 July - 22 July 2022

Don’t overestimate, don’t underestimate - Mars Captain

🧠 Observations

• Almost 3 weeks of absolute horizontal development data-wise. Total MC moved back to 1T. All because people thinking of THE MERGE. 👀
• All eyes on ETHCC Paris + all the Zk rollups, more optimism than last month. 💬
• Kraken’s Intelligence newsletter restarts doing bi-monthly hard catalyst calendar. They stopped doing so in the last 1-ish months. Sign of optimism? Or just my illusion? (Am a hardcore subscriber for more than 1 year, I read daily, never skipped one.) 🤔

💵 Stablecoin & Market Landscape

(Last 14 day average) Stablecoin market share remains EXTREME high in reference to the total crypto market capitalization. 15.63% of stablecoin (151.2B) on 1.01T crypto market.

Stablecoin % stayed high throughout the last 14 days, now at 15.63%. Flattening trend continues 🙍‍♂️
Reminder: Mid-NOV 2021, this percentage was around 4ish% with a 3T total MC. Now we are at 15ish% with a 0.99ishT total MC.

Now at 1.02T, regained a bit the MC. Let’s see what happens after FOMC meeting. 🔪
Reminder, we are at the lowest point in the last 365 days for the whole month of July.

Extreme high correlation US Stock x Crypto by CaptainMars on TradingView.com

Look, my complaint doesn’t work! Still very correlated at above 0.85ish all fortnight! 😡

Good list to see what Central bankers are doing around the world. Look at Turkey LOL. Are they still an economy?😂

Wowww, EUR & JPY now look like other emerging markets FIAT. Didn’t they say cryptos are shitcoins that gets dumped 20% to nothing in a matter of weeks? LOL 🇯🇵

Bluechip L1s bleed, but heals slowly. 😭

🔢 Index

Ummm, pumped up to 30 in 2 weeks. Again, I think people’s looking for hope with ETH the Merge... 🤔

Remain 10ish for another 2 weeks with the small pump. What do you think? ❓

📰 Current affairs

Layer 1s & DeFi:

Thread by @Clara_Medalie on Thread Reader App

@Clara_Medalie: Uniswap and Coinbase now have nearly equal daily volumes. 27% in January--> 49% today. This strong shift in market structure comes as: - Ethereum network transaction fees drop to their lowest levels ...…

Thread ReaderClara Medalie

Polygon selected to participate in Disney’s 2022 Accelerator Program

Polygon has been selected as one of six companies in Disney’s 2022 Accelerator Program as an initiative to further Web3 innovation.

CointelegraphBrayden Lindrea

BlockFi Winds Down Loans Backed by GBTC Stock, CEO Says

BlockFi once owned more than 5% of all Grayscale Bitcoin Trust stock, but now the cryptocurrency lender doesn’t directly maintain any at all.

BlockworksShalini Nagarajan

Blockchain Music Service Audius to Allow Users to Tip Artists Using Audio Token

The Ethereum and Solana-based streaming service will allow fans to send their favorite creators the platform’s governance token.

CoinDeskCameron Thompson

Curve Finance founder implies a stablecoin is on its way

Curve Finance may be the latest DeFi project joining the race to ship a decentralized stablecoin.

The BlockTron DAO to withdraw another 3 billion TRX from exchanges

Aave - Open Source Liquidity Protocol

Aave is an Open Source Protocol to create Non-Custodial Liquidity Markets to earn interest on supplying and borrowing assets with a variable or stable interest rate. The protocol is designed for easy integration into your products and services.

Open Source Liquidity Protocol

Vitalik Buterin Discusses Ethereum’s Upcoming ‘Merge’ and ‘Surge’ at EthCC in Paris

The co-founder of the Ethereum network spoke about its future road map on Thursday.

CoinDeskLyllah Ledesma

NFTs & Metaverse:

A Saudi Arabia-Themed NFT Collection Is the Latest Free-to-Mint Hit

The Saudis topped the volume charts in its debut weekend with $7.7 million in sales.

CoinDeskEli Tan

Giant NFT marketplace OpenSea lays off about 20 percent of its staff

The line went down.

The VergeRichard Lawler

Microsoft’s Minecraft to Ban NFTs on Game Servers, Derivative NFT Projects - Decrypt

Minecraft will change its usage guidelines to prohibit NFT use on its servers, as well as prohibit NFTs that use the game’s assets.

DecryptAndrew Hayward

Web3 platforms launch the Open Metaverse Alliance

OMA3 will be established as a DAO to ensure a governance system that is “transparent and user-centric.”

CointelegraphDavid Attlee

Macro Economy & Regulations:

The Crypto Bailouts Have Begun. Is This the Only Way? - Decrypt

SBF is rescuing insolvent crypto companies left and right. Now CZ and Justin Sun want in. None of this is very healthy for the industry.

DecryptDaniel Roberts

US Treasury Open to Nonbanks Issuing Stablecoins, Official Says

Though regulators called for issuers to be regulated as banks last year, Nellie Liang argues the category is wider than it might seem.

CoinDeskJesse Hamilton

Tokensoft Launches Web3-Enabled Platform, Tokensoft v2, on Ethereum, Avalanche

Tokensoft hopes to deploy its platform for user-led token sales on 10 chains by the end of the year.

CoinDeskElizabeth Napolitano

Putin Signs Ban on Crypto Payments in Russia - Decrypt

The Russian President enacted prohibitions on using Bitcoin, Ethereum, or other digital assets to buy goods or services.

DecryptMat Di Salvo

Brazilian Congress Postpones Crypto Bill Vote Until After October Presidential Elections

Deputies were originally scheduled to consider the text this week, which has already been approved by the Senate.

CoinDeskPaulo Alves

Johnson’s Exit as British Prime Minister Leaves UK Crypto Ambitions on Hold

Most likely replacements have been relatively quiet about their views on Web3.

CoinDeskJack Schickler

OKX Secures License in Dubai and Plans to Open Regional Hub

The exchange has followed in the footsteps of FTX and Kraken in securing a license in the UAE.

CoinDeskOliver Knight

Meet Binance’s 36-year-old female cofounder He Yi

Binance CMO He Yi joined the world’s largest crypto exchange one day before its 2017 launch.

Fortune

‘Crypto and DeFi Won’t Disappear’: Hong Kong Monetary Chief

Hong Kong Monetary Authority CEO Eddie Yue tells a G20 meeting that crypto and decentralized finance will remain significant forces.

CoinDeskElizabeth Napolitano

French Banking Giant BNP Paribas Enters Crypto Custody Space: Sources

The French bank will be working with crypto custody specialists Metaco and Fireblocks.

CoinDeskIan Allison

$12.8 Trillion In Gold Discovered In Uganda — What This Means For Bitcoin?

Has Gold become hyperinflationary? Can Bitcoin replace Gold as a “store-of-value” due to its natural scarcity? In this article we discuss…

Disruptive Innovation JournalCrypto Hub

Tesla sells $936 million worth of bitcoin in the second quarter, still holds Dogecoin

Electric car maker Tesla sold $936 million in bitcoin during the second quarter, the company revealed in a letter to shareholders on Wednesday.

Yahoo FinanceDavid Hollerith

Commons Foundation Signs 100MW Deal for Crypto Mining in Paraguay

The South American country with abundant hydropower wants to attract bitcoin miners.

CoinDeskEliza Gkritsi

Interesting Tweets:

Thread by @FatManTerra on Thread Reader App

@FatManTerra: Thought it would be fun to share a story from last year where I watched a friend of mine pump a sh*tcoin on Binance by buying billboards and a BitBoy Crypto video. Nothing we don’t...

Thread ReaderFatMan

Thread by @shegenerates on Thread Reader App

@shegenerates: Updated FAQ thread on The Merge. 🔀 I hope someone finds this helpful, please ask more questions in the comments! 1. Is it priced in? This isnt about that 🙃 lets talk about how it...

Thread ReaderShegen

Research Reports & Videos (DYOR):

A brief history of Bitcoin crashes and bear markets: 2009–2022

June 2022 has become the worst month for Bitcoin since September 2011, as its monthly losses mounted to 40%.

CointelegraphHelen Partz

Brands 3.0 – Turning Customers into Owners

Web3 is shifting brand engagement from its top-down, extractive nature to being more symbiotic. Traditionally, brands had a corporatist nature advocating for the control of values by executive teams, which poorly aligned most valuable contributors. Top community members who harnessed on-ground insig…

DeFi Will Never Die

Centralized crypto banks are dying. DeFi is thriving.

BanklessDonovan Choy

https://messari.io/article/decentralized-vpns-a-new-wave-of-privacy?utm_source=newsletter_top&utm_medium=organic_email&utm_campaign=decentralized_vpn

Thread by @milesdeutscher on Thread Reader App

@milesdeutscher: Polygon is one of the most exciting projects in crypto. $MATIC has been one of the best performers during this bear market, after announcing key partnerships with Disney, Meta, Stripe and Reddit. 🧵:...…

Thread ReaderMiles Deutscher

Understanding the L1 Race: zkEVMs and other Common L1 Features

By: Evan Shapiro, CEO of Mina Foundation

MinaProtocolMina Protocol

Excalibur

(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor…

Entrepreneur's HandbookArthur Hayes