BU BÖLÜM HAKKINDA
Howdy everyone — this is the 5 minute crypto update for Monday May 29, hope everyone had a great weekend
Let’s get it on!
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As of this recording...
Bitcoin price has popped up a bit recently to right at $28000
ETH is at $1900
Winners in the last 7 days include Huobi, Polygon, ImmutableX, and Aave
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On to the news
https://www.vaneck.com/us/en/blogs/digital-assets/matthew-sigel-ethereum-price-prediction-118k-by-2030/
The tldr is a financial model that gives Ethereum an estimated present value of $5.3K, which is almost 3x its current value - no surprise to me since Ethereum is always undervalued until it’s wildly overvalued for brief periods - but I still stand by my conviction that at a high level, its price is like 1-2 cycles behind bitcoin
https://www.federalreserve.gov/publications/files/2022-report-economic-well-being-us-households-202305.pdf
Use was more common among younger adults, among men, among higher incomes for investment and lower incomes for transactions
https://www.theblock.co/post/232247/crypto-vc-paradigm-ai
Paradigm - among the most blue chip crypto VC firms - is now broadening investments to potentially include AI and other frontier tech
https://www.reuters.com/investigates/special-report/crypto-binance-money/
The money flows at Binance described by Reuters indicate a lack of internal controls to ensure customer funds were clearly identifiable and segregated from company revenues, three former U.S. regulators said. They said the commingling of these funds put client assets at risk by obscuring their whereabouts.
https://twitter.com/dellannaluca/status/1662111839977893888?s=46
The recent wealth tax increase in Norway was expected to bring an additional $146M in yearly tax revenue
Instead, an estimated $54B-worth of ultra-rich left the country, leading to a lost $594M in yearly wealth tax revenue
https://www.coindesk.com/markets/2023/05/23/bitcoin-jumps-to-key-price-resistance-as-hong-kong-opens-crypto-trading-for-retail-investors/
Hong Kong's Securities and Futures Commission (SFC) announced that it would accept applications from exchanges to offer crypto trading to retail investors from June 1, adding that approved tokens need a 12-month track record and substantial market capitalization. The SFC said registered exchanges would be barred from providing stablecoin and interest-bearing instruments.
Rektdiomedes thread
the only answer- at least in my opinion- is to purposefully cultivate a life of intense discipline and self-imposed hardship.
There is no tribal elder, or drill sargeant, or older brother to keep you in line. You need to be those things to yourself.
https://www.visualcapitalist.com/cp/ranked-dead-crypto-coins-by-year/
2,383 crypto coins that bit the dust between 2013 and 2022
Biggest year was 2018, which interestingly came after the insane bull run of 2017
https://cointelegraph.com/news/bitcoin-second-largest-nft-chain-stepn-apple-pay
Believe it or not, *Bitcoin Ordinals* volume has surged past *Solana NFTs* as the second largest chain for NFT sales.
$167M in NFT sales over 30 days, compared to ETH’s $400M
Solana distant 3rd at $56M
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That’s it for today! All the links are in the show notes. You can follow @twodegenspod on Twitter and subscribe for more!
No outro clip today, I may actually do a separate podcast where I share a bunch of related podcast clips and provide some commentary. If that’s interesting to you definitely let me know!
