The DeGen Bible to Financial Freedom - Vol. 5

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

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

Inflation = Rate Hike?

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

Non-USD Fiat performance

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 ...…
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.
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.
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.
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.
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.
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.

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.
Giant NFT marketplace OpenSea lays off about 20 percent of its staff
The line went down.
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.
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.”

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.
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.
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.
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.
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.
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.
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.
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.
‘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.
French Banking Giant BNP Paribas Enters Crypto Custody Space: Sources
The French bank will be working with crypto custody specialists Metaco and Fireblocks.
$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…
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.
Commons Foundation Signs 100MW Deal for Crypto Mining in Paraguay
The South American country with abundant hydropower wants to attract bitcoin miners.

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 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...

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%.
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.

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. 🧵:...…
Understanding the L1 Race: zkEVMs and other Common L1 Features
By: Evan Shapiro, CEO of Mina Foundation
(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor…