Sup, nerds!

Here’s what you’re getting in today’s edition:

• 💅 This is cool: 5 pieces of good news (like, really good)!

• 🔎 This seems important: 12 lines of code could end BTC (hooray?)

• 🤝 Partner: We're up 1257 Big Macs right now 🫃🍔🤢​

• 🔪 Let's dissect this: Ethereum infiltrates the banking system

Terms used in this edition (click for an explanation, or ​ask Web(GPT)3!​):
Market Cap, Stablecoins, Layer 2, Decentralized Exchanges, Web3, Staking.

💅 This is cool:

The Good News Catalogue (Pt. 3): Five Pieces of Positive News That’ll Give You the Zoomies

In one sentence: BTC has historically pumped at this point, BTC & ETH just hit yearly highs, all top 10 cryptos are up over 7 days (2-18%), the BTC ETFs are beating Gold’s ETF launch.

Are you a cryptocurrency holder?

Are you looking to start feeling good about your decision to buy and hold over the past 12-18 grueling months of market fluctuations?

Say. No. More.

Here’re three pieces of positive news that’ll give you the zoomies:

1. We’ve covered that the ‘golden fib’ broke on Bitcoin this week…but what is it meant to lead to??
   
   Historically, that ☝️ (see header image).
    

2. Yesterday’s BTC sell off from $50.5k to $48.5k? That’s old news. We’re already back to yearly highs of $51.5K.
    

3. Speaking of yearly highs, it’s vindication time for Ethereum holders!
    
   ETH just hit $2.74k, adding the entire market cap of Solana ($50B) to its total value in the past week or so (nice!).

What? That’s not enough?

Ok, here’s a bonus piece to push you over the edge:

All of the Top 10 cryptocurrencies (excluding stablecoins) are up anywhere between 2.7-18.9% over the past 7 days (with Solana and Bitcoin currently fighting for pole position at +18.9%).

More?? You want more? Ok, how’s this:

The Bitcoin ETFs have absorbed a net total of $3B so far — it took the Gold ETFs two whole years to reach the same milestone, back when they launched 20 years ago.

(Even when you adjust for inflation — that’s impressive!)

Alright, that’s it. No more. Look at yourself — you’re all sweaty and shaking.

You’re officially cut off.

🥇 Want the news before anyone else?

🔎 This seems important:

12 Lines of Code Could End Bitcoin as We Know It (Hooray?)

In one sentence: The ‘OP_CAT’ code could bring Ethereum-like functionality to BTC, but was originally deleted from Bitcoin core by none other than Satoshi Nakamoto!

12 lines of code.

Apparently that’s all it takes…

12 lines of code, and…BOOM!

Some of Ethereum’s most popular functionality can easily be copied by Bitcoin.

Thing is — this ain’t new! In fact, this code used to be a part of Bitcoin…but it was deleted by none other than Satoshi Nakamoto, as he/she (they?) believed it exposed the network to massive security flaws.

And now three developers want to add this code, known as ‘OP_CAT,‘ back in.

There’re pros and cons to the proposal — so let’s rip the bandaid off — starting with…

Cons:

OP_CAT was removed from Bitcoin’s core code by Satoshi, because they believed it opened the network up to distributed denial-of-service (DDoS) attacks.

Imagine someone being able to remotely open 1000+ browser tabs on your computer, every second (the thing would damn near melt!).

DDoS attacks work in a similar way - the basic aim is to overwhelm the Bitcoin network with so much traffic that it’s forced to shut down.

Pros:

The Bitcoin community is staunch as hell when it comes to changing/updating Bitcoin’s core code. So this thing isn’t going to happen if it can’t be done safely.

Now, if it can be done safely — Bitcoin might be about to get very Ethereum-y.

Confused? Here’s what that means:

Right now, sending transactions on Bitcoin is like driving an armored tank to work each day — sure, it’s super secure…but it’s also slow and crazy expensive.

OP_CAT would allow ‘Ethereum-style’ layer 2’s to be easily built on Bitcoin — which would be akin to trading the armored tank in for a 1999 Toyota Corolla.

(I.e. faster, and cheaper).

On top of that, Ethereum-style platforms like decentralized exchanges (or even file hosting) would become much easier to build/implement on Bitcoin.

Sounds interesting. Let’s see if the BTC community will allow it!

🤝 Partner:

We're Up 1257 Big Macs Right Now 🫃🍔🤢

Remember when we said we wanted to see if we could turn $5k into $10k by investing in crypto projects?

Well, we damn done did it, folks!

We invested an average of $100 per week, into 25 crypto projects, over 12 months - and turned $5 into $10k, all in under 18 months!

What’s better: we documented our exact research framework for you to learn from.

(Which tokens we bought, why we bought them, how we valued them, and the tools/platforms we used to do it all).

This ain’t some shiny crypto masterclass, featuring pros that have millions of dollars to play with, but instead — a rough and ready learning experience, played out in public.

If you want to learn our research framework hit the big red button below 👇

🔪 Let's dissect this:

Ethereum Infiltrates the Traditional Banking System

In one sentence: Taurus x Lido are bringing liquid Ethereum staking to Swiss Banks and their customers.

The best way to onboard folks to Web3?

Start infiltrating their existing habits.

And today, we have a great example of such an infiltration:

The Taurus x Lido partnership, which aims to bring Ethereum staking (aka a high interest savings account for your ETH) to a bunch of Swiss banks.

Turns out the customers of these traditional banks want to explore Ethereum staking, but also want immediate control of their money (makes sense).

Which is where liquid staking comes in:

These banks’ customers can buy ETH → stake it to earn ~5% interest per year → get ‘staked ETH tokens’ aka (‘stETH’) in return → then go and spend this stETH elsewhere.

When they’re ready to un-stake their original Ethereum, they swap their stETH tokens for ETH tokens.

(Kinda like going to an arcade and cashing out your tokens for USD once you’re done playing).

Point is: these customers can stake/explore Ethereum, while always having spendable crypto tokens on hand — all without ever having to leave the banking app/interface they’re used to.

Whats even cooler – executives at these companies have all said they are looking to stack hands and help create an intersection for Web3 x traditional banking. 

If that ain’t institutional adoption — we don’t know what is!

Liquid Ethereum Staking, Explained.