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- 🌐 There’s a storm brewing…
🌐 There’s a storm brewing…
PLUS: The German Gov. is now receiving unsolicited crypto transactions
Where do you think Ethereum's price will be in 7 days time?(Click to vote / see results 👇) |
Sup, nerds!
Here’s what you’re getting in today’s edition:
Terms used in this edition (click for an explanation, or ask Web(GPT)3!):
Stablecoins, bullish, wallet.
💅 This is cool:
In one sentence: We haven’t reached the mania phase of the current cycle, yet inflows into the crypto space have already far outpaced that of 2021 ($17.8B in ‘24 vs. $10.6B in all of ‘21).
Remember the good old days of 2021 when the crypto market was buzzing, reaching new all-time high, after new all-time high?
Don’t you wish we could go back to that?
Well, good news.
We’re back. Actually — scratch that — we’re beyond just ‘back,’ we’ve actually surpassed 2021’s market inflows.
In 2024, the crypto market has already absorbed $17.8B worth of investment — damn near doubling 2021’s total of $10.6B, in just over half the time.
But that’s not the exciting part.
The exciting part is, our family isn’t texting us.
(Wow, ok…that sounded way sadder than it ought to).
What we were trying to highlight is this:
When the crypto market enters its ‘mania’ phase, like it did in 2021 — you’ll start to notice your non-crypto native friends/family reaching out to you for advice (e.g. “What’s up with dogecoin? Should I buy in?”).
This happens because crypto is all-of-a-sudden everywhere, thanks in large part to its wild price increases.
…we haven’t reached the mania phase of the current cycle, yet inflows into the crypto space have already far outpaced 2021.
Which means these inflows are likely just the basis of even wilder times that are yet to come.
Chills. Literal chills.
🥇 Want the news before anyone else?
🔎 This seems important:
In one sentence: $1B worth of USDT stablecoins were just printed, Larry Fink is championing BTC in the press again, and the ETH ETFs (tentatively) set to launch next Tuesday.
Get your weighted blankets out, light a candle, put that 10hr-long playlist of whale sounds on…
Whatever you need to calm your nerves.
Cause we have three pieces of positive news that are set to get you all jittery with excitement!
$1B worth of USDT stablecoins were just printed
Why get excited about the printing of stablecoins?
Cause they’re only printed when there’s increased demand for stablecoins — and stablecoins are pretty much used for one thing:
Buying more crypto (and sustained inflows of cash pump markets).
Larry Fink is championing BTC in the press again
Larry’s the CEO of the world’s largest asset management firm, Blackrock — a lot of folks in the traditional financial take his words to heart.
And ol’ Lare Bear has just dubbed himself a “major believer” in BTC.
(Maybe it’s because Blackrock’s BTC ETF has helped push its assets under management up 13% this past year, to $10.65T?).
ETH ETFs (tentatively) set to launch next Tuesday
Eric Balchunas (the guy who accurately predicted the ETH ETF approvals, seemingly out of nowhere) has had a look over the filings and predicted a Tuesday (7/23) launch:
“Provided no unforeseeable last minute issues, of course.”
Let’s do the math on all of that:
$1B ready to be deployed into the crypto markets + the head of the world’s largest asset manager publicly simping for Bitcoin + ETH ETFs launching/attracting new investor dollars as soon as next week…
= a twitch developing in our right eye, because our bodies don’t know how to deal with all the bullish excitement.
Running chest bump anyone?
🤝 Partner:
Making money when your Ethereum goes up is nice. Earning yield on it is even better.
WARNING: We’re about to hit you with a few technical sounding terms, but hear us out (it’ll be worth it)!
If you’re sitting on some ETH right now, here are three low-risk ways to put that ETH to work, using Exponential.fi:
Lido ETH Staking
Stake your Ethereum to return a current yield ~3.1% APY, and get stETH tokens to spend in the meantime. Low risk rating (A).
(Perfect if you want long-term low-risk exposure to ETH while remaining liquid).Fluid wsETH Lending
Lend your wsETH to borrowers and yield ~6.2% APY. Low risk rating (B).
(Ideal for anyone looking to earn impressive yields on their idle ETH).Dinero pxETH Staking
Stake your pxETH with Proof-of-Stake validators and yield ~6.6%. Low risk rating (B).
(Works great for risk-tolerant investors seeking higher returns).
If you’re sitting there thinking to yourself:
“Sounds great…but what the heck is stETH, wstETH, and pxETH – and how do I get it in order to then stake/lend it??”
We have good news:
Exponential.fi does all of that for you! Their expert team curates the best DeFi investments for you – so you can simply pick an opportunity, invest, and watch your crypto grow.
Oh, and it’s free to join!
Click the big red button below to get started 👇
🔪 Let's dissect this:
In one sentence: People have been sending messages (and crypto) to the German Government’s wallet using the OP_Return data field (we'll explain what that is).
The German Government has offloaded all of their crypto…
So why does their wallet now have $409.86 in it?
Turns out, there are people out there who would love to send the German Gov a message.
Once they started dumping their BTC, it became easy to figure out which wallet address was theirs and in the past 3 days they’ve received 18 transactions.
Unfortunately we can’t repeat most of the messages associated with wallets which have sent the German Gov - otherwise this edition would be sent straight to spam.
So instead, we’ll mention one which is about BTC itself (rather than a BTC maxi’s view of the German Gov):
“Eine schoene, zensurfreie Buehne gebt Ihr uns” OP_Return data from a $1.23 Bitcoin transaction on July 13 read.
When translated, that means: “You give us a beautiful, censorship-free stage.”
Hold up, what’s ‘OP_Return’ data?
OP_Return is a field used for data storage which can be attached to a BTC transaction.
Problem is, any Bitcoin attached to OP_Return transactions is no longer able to be traded ever again, because the so-called opcode marks a transaction's output as invalid.
Long story short, BTC sent with OP_Return data is purely symbolic (and essentially no longer in circulation).
Alright, now you know!
OP_Returns in Bitcoin
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👇 Other stuff you may have missed
Alright, that’s it for today!
Love to the family,
P.S. Want to learn how to research and value cryptocurrencies? We have a framework that does just that .
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