The DeGen Bible to Financial Freedom - Vol. 7
![The DeGen Bible to Financial Freedom - Vol. 7](/content/images/size/w2000/2022/08/ST7.jpg)
Week 1 Aug - 5 Aug 2022
Detail info: bit.ly/SEANIDO
If the Matrix can resurrect for a 4th episode, why not the crypto market? - Mars Captain
đ§ Observations
- 1 month of absolute horizontal development data-wise. Total MC small pumping to 1T+. đ
- A week of hacks, but the market doesnât react. đ
- NFT, Metarvese, and crypto markets turning the Romance of the Three Kingdoms. When I get more time, I shall study their correlations. â€ïž
- USDC MC is moderately declining + DAI MC keeps pumping = risk-on crypto assets spring? đ€
đ” Stablecoin & Market Landscape
(Last 7 day average) Stablecoin market share remains EXTREME high in reference to the total crypto market capitalization. 15.59% of stablecoin (150.8B) on 1.12T crypto market.
![](https://news.starfish.finance/content/images/2022/08/Frame-4-1.jpg)
![](https://news.starfish.finance/content/images/2022/08/Frame-5-1.jpg)
Stablecoin % stayed high throughout the last 7 days, now at 15.59%. Flattening trend continuesđââïž
Reminder: Mid-NOV 2021, this percentage was around 4ish% with a 3T total MC. Now we are at 15ish% with a 1ishT total MC.
![](https://news.starfish.finance/content/images/2022/08/Frame-6-1.jpg)
Now at 1.12T, the trendline looks the 800ish B was the bottom by far, and it has been mostly flat on the 1T level. đ
Reminder, June 2022 witnessed a bottom of 800ish B MC vis-a-vis the marketâs top in NOV 2022 at 3T.
Decoupling correlation US Stock x Crypto by CaptainMars on TradingView.com
Dropped to 0.5ish end of this week. Scroll down and read the Kraken July report, you can have a better idea about the correlation. Captain doesnât like boomers and the stock market. I am full on crypto. đ
The insight here is that BTC has been stable whereas ETH is not. A lot of hype and first mover advantage for Ethereum in the smart contract L1 space, what if BTC catches up with its lightning network, and maybe STACKS? LOL đ
- Wait, but BTC is the gold standard and ETH is the oil in Web 3. Corporate marketing people, can you study and DYOD before just riding on the hype of crypto?đ€
- This might mean 1) cryptoâs too complicated for noobs, so web 3 is sexier, cox thereâs no scam, no rug pull in web 3 and 2) Facebook led web 2 giants want people to know they will lead in web 3, continuing their existing advantage. God, I hate this! đą
đą Index
Bitcoin Fear and Greed Index is 31 â Fear
— Bitcoin Fear and Greed Index (@BitcoinFear) August 6, 2022
Current price: $23,161 pic.twitter.com/aEXZ7xZRcV
OK, dropped back from 42 to 31. Business as usual đ
Daily #CBBI status update:
— CBBI - ColinTalksCrypto Bitcoin Bull Run Index (@CBBI_daily) August 6, 2022
https://t.co/YpDBHLshNn
đđđđ đđđđđđ đđđđđ: 1ïžâŁ2ïžâŁ
đ Aug 6th, 2022
The price of #Bitcoin is $23,204 pic.twitter.com/NHS1X83UHd
Wait, it dropped this week? When you have BlackRock and the lightening network cointunes to expand, CBBI you drop??? đ„
đ° Current affairs
Bitcoin:
![](https://www.coindesk.com/resizer/ZK0n50pkcsLteYi6P7uqBI7oBaE=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/QMDJWB3ERJCNHKHT5UJYJLRLI4.jpg)
Ethereum:
![](https://www.coindesk.com/resizer/q2xDfWnO0IPn2jf7PFb6SbrakSU=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/D7VLPKTSMZETZIA4TAGLKZF6BQ.jpeg)
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/08/shutterstock_1590212731-gID_2.jpg)
Layer 1s & DeFi:
![](https://miro.medium.com/max/1200/1*SFRHTM5XYllDLWsTEu2D_g.jpeg)
![](https://www.tbstat.com/wp/uploads/2019/04/Tether-e1579096098389.jpg)
![](https://www.coindesk.com/resizer/9NUSNKNN1y95C7QVw7f6A5WA7R8=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ISOYK2OUAFENTHG5T3KOFGGHGM.jpg)
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/08/crypto-bridge-exploit-gID_1.jpg)
![](https://www.tbstat.com/wp/uploads/2021/04/20210427_Alchemy-Money.jpg)
![](https://www.tbstat.com/wp/uploads/2022/05/20220518_Meta-Facebook.jpg)
![](https://www.tbstat.com/wp/uploads/2021/05/20210511_Hack-Phishing-Security-2.jpg)
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2020/06/barcelona-football-fan-token-soccer-crypto-trading-gID_2.jpg)
NFTs & Metaverse:
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/07/tiffanys_tiffany_giftbox-e1659292541643-gID_1.jpg)
![](https://www.tbstat.com/wp/uploads/2021/04/gucci-scaled-e1617623428594.jpeg)
![](https://www.coindesk.com/resizer/yqDSNf6Y0lxMgFGMxlHsqn1uHTw=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/A5IVI3T6UNFAVEELVNI7YAZ7EY.jpg)
Macro Economy & Regulations:
![](https://www.tbstat.com/wp/uploads/2022/05/20220518_Meta-Facebook.jpg)
![](https://bitcoinmagazine.com/.image/t_share/MTkwNzA1NDk5OTk2NDMyMjUy/orange-pill-bitcoin-adoption.png)
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/06/metaverse-shutterstock-gID_4.jpg)
![](https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i.XanvnnGBnQ/v0/1200x800.jpg)
![](https://www.tbstat.com/wp/uploads/2021/11/211029_SEC_General4.jpg)
![](https://www.tbstat.com/wp/uploads/2021/05/20210514_FTX.jpg)
![](https://media.voguebusiness.com/photos/62b467cd0e3f49cd1f6303a3/16:9/w_1280,c_limit/vbic-web3-voguebus-photographer-month-22-social-newsletter.jpg)
![](https://www.coindesk.com/resizer/oFzMtWLwGfUQ2ozoeruj4WIoTwk=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/GPY6WDOIOBDILKBFBTOCZACACA.jpg)
![](https://blockworks.co/wp-content/uploads/2021/06/Steve-Erlich-scaled-e1644961102836.jpeg)
![](https://www.coindesk.com/resizer/oAQQDATt5aLdm1ViYyhb6aGvKX8=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RENLDRVPTNFRVB2NTJZ2NAC27U.jpg)
![](https://www.coindesk.com/resizer/pTSsGPin7yg9vngdpO2J29uwzpw=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CYA25PYJDNGV5BKOYA23H5E7G4.jpg)
![](https://www.coindesk.com/resizer/477ZriKwCbo3uw6SMC5As1rZ53I=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6OETCU5HHRA37I5EW5BMLVNDX4.jpg)
Interesting Tweets:
Do Kwon: The Rise and Fall of Luna/UST pic.twitter.com/nBFyQUZyPK
— joma đ€ (@jomaoppa) July 16, 2022
Research Reports & Videos (DYOR):
![](https://www.tbstat.com/wp/uploads/2022/07/20220725_Metaverse_Book2.jpg)
![](https://blog.chainalysis.com/wp-content/uploads/2022/08/cross-chain-bridge-min-scaled.jpg)
![](https://substackcdn.com/image/fetch/w_1200,h_600,c_limit,f_jpg,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fd349a7e7-5bd3-4c8b-b1b9-69ee50601bb3_5120x3413.jpeg)
![](https://substackcdn.com/image/fetch/w_1200,h_600,c_limit,f_jpg,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F1202784b-39e6-4441-8cf6-ebf0ee7c1b76_1664x936.jpeg)
![](https://miro.medium.com/max/1024/0*y2STnEY6Z9R3VjME.jpeg)
![](https://www.coindesk.com/resizer/vP2s7C0-MpwCbL-0tRH2wn23Ey0=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/XSJFNETPH5HTJEP5OVQMD234OI.jpg)