The DeGen Bible to Financial Freedom - Vol. 4
![The DeGen Bible to Financial Freedom - Vol. 4](/content/images/size/w2000/2022/07/ST4.jpg)
Week 4 July - 8 July 2022
We will not surrender - Mars Captain
🧠 Observations
- Total horizontal development data-wise. But total MC briefly moved back to 1T. 👀
- Quiet week, if we don’t follow Voyager bankruptcy, or 3Arrows brothers’ disappearance. 😪
- Pay attention to Sri Lanka’s default, Russo-Ukrainian war, and further inflation attacking major economies. Looks like crypto doesn’t care about macro unrest anymore, which is a good thing. ❤️
💵 Stablecoin & Market Landscape
(Last 7 day average) Stablecoin market share remains EXTREME high in reference to the total crypto market capitalization. 15.68% of stablecoin (151.7B) on 0.95T crypto market.
![](https://news.starfish.finance/content/images/2022/07/Frame-4-2.jpg)
![](https://news.starfish.finance/content/images/2022/07/Frame-5.jpg)
Stablecoin % stayed high throughout the last 7 days, now at 15.68%. 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.
![](https://news.starfish.finance/content/images/2022/07/Frame-6.jpg)
Now at 950B, regained a bit the MC, but we still have some macro events ahead, most notably the FOMC on 25-26 JUL. 🤮
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
Can’t decoupling continue? This week moved back up to 0.8ish. I really hate investors taking crypto as stock. Why crypto if it’s just another stock? Come on! 😠
Layer 2 summer? Both Arbitrum and Optimism are doing good. Bankless is pumping L2 Summer if you look for speculating narratives. 🎄
![](https://news.starfish.finance/content/images/2022/07/File--1-.jpg)
Wen developed world’s folks crying for 8-10% inflation, they just don’t care what’s going on in some other parts of the world. BTC is the holy grail against inflation. 🤦♂️
![](https://news.starfish.finance/content/images/2022/07/1_CceOTP03qs7DRIwnH5_f6w.png)
Ethereum is king, Polkadot is queen? This diagram shows us which are bluechips! 💙
🔢 Index
Bitcoin Fear and Greed Index is 20 ~ Extreme Fear
— Bitcoin Fear and Greed Index (@BitcoinFear) July 8, 2022
Current price: $21,383 pic.twitter.com/Ny0BoMV7NJ
Ummm, pumped up to 20ish this week. That’s a lot for a bear market if you compare it to F&G index? Doesn’t look very natural... 🤔
Daily #CBBI status update:
— CBBI - ColinTalksCrypto Bitcoin Bull Run Index (@CBBI_daily) July 8, 2022
https://t.co/YpDBHLshNn
𝐂𝐎𝐍𝐅𝐈𝐃𝐄𝐍𝐂𝐄 𝐒𝐂𝐎𝐑𝐄: 1️⃣1️⃣
🗓 Jul 8th, 2022
The price of #Bitcoin is $21,649 pic.twitter.com/Re043sVKXi
Remain 10ish. That makes sense 🧊
📰 Current affairs
Bitcoin:
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2021/06/bitcoin-mining-operations-gID_2.jpg)
Ethereum:
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/07/Hellonametag-Cropped-gID_1.jpg)
Layer 1s & DeFi:
![](https://www.tbstat.com/wp/uploads/2022/06/20220613_Celsius_Generic.jpg)
![](https://mma.prnewswire.com/media/1854164/Voyager_Digital_Ltd__Voyager_Digital_Commences_Financial_Restruc.jpg?p=facebook)
![](https://www.coindesk.com/resizer/pQ7MvEqwUNDFED5GzKuCb0W4roo=/1200x628/center/middle/cloudfront-us-east-1.images.arcpublishing.com/coindesk/QXD3MWCJ6JHZTJXDNJTN7UMZYE.jpeg)
![](https://s32659.pcdn.co/wp-content/uploads/2022/06/elon-musk-and-doge.png)
NFTs & Metaverse:
![](https://www.tbstat.com/wp/uploads/2022/03/NFT_Gaming_Funding.jpg)
![](https://www.tbstat.com/wp/uploads/2022/03/20220328_Appraisal_NFTs.jpg)
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/07/bored-ape-coin-eyes-party-hat-gID_4.png)
Macro Economy & Regulations:
![](https://www.tbstat.com/wp/uploads/2022/07/20220701_Three-Arrows-Capital.jpg)
![](https://www.tbstat.com/wp/uploads/2018/12/European_Parliament_Strasbourg_2015-10-28_02.jpg)
https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0703/2022070300118_c.pdf
![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvYTk0M2QxN2ItMzI4MS00NDJiLThlNDUtYjgyMWFjZmMyNTYyLmpwZw==.jpg)
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2020/10/usdc-stablecoin-gID_1.jpg)
![](https://images.cointelegraph.com/images/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvN2U2YzMwOTctZWNkZi00NjJmLWEyYTQtYTFkODBmZjY5NjA0LmpwZw==.jpg)
![](https://cdn.decrypt.co/resize/1024/height/512/wp-content/uploads/2022/06/celsius-crypto-bitcoin-lender-gID_2.jpeg)
Interesting Tweets:
Our threat intelligence detected 1 billion resident records for sell in the dark web, including name, address, national id, mobile, police and medical records from one asian country. Likely due to a bug in an Elastic Search deployment by a gov agency. This has impact on ...
— CZ 🔶 Binance (@cz_binance) July 3, 2022
I co-founded another new business in Web 3! (time to BUIDL).
— Raoul Pal (@RaoulGMI) July 3, 2022
ScienceMagic.Studios is a token studio working with the biggest communities and brand in the world. 1/
🧵Thread 1/
— Wall Street Silver (@WallStreetSilv) July 2, 2022
"Bicycle is the slow death of the planet."
A banker made the economists think this when he said:
“A cyclist is a disaster for the country’s economy: he doesn’t buy cars and doesn’t borrow money to buy. He doesn't pay insurance policies. pic.twitter.com/eS4Orcya6i
#Bitcoin has failed to live up to the hype and those institutions that put a toe in the water last year are not likely to take the plunge. This year most will opt to cut their losses and sell. I doubt @saylor and @nayibbukele have enough dry powder to keep the market propped up.
— Peter Schiff (@PeterSchiff) January 18, 2022
Research Reports & Videos (DYOR):
![](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%2F1eb78444-52e5-4f24-b9e8-e79c7b3c5dcf_2668x1501.jpeg)
![](https://mirror-media.imgix.net/publication-images/-KjC5i5zOwEzMGM5LuT-V.png?height=1407&width=2814&h=1407&w=2814&auto=compress)