Cryptocurrency opinions, op-eds, speculation, and insights. Oh, my!
In the wake of 3AC, FTX, Block-Fi, Celsius, etc, many crypto lenders and exchanges are in trouble. Given this, let’s quickly cover GBTC, ETHE, WETH, Genesis, Gemini Earn, FTX, Block-Fi, and other matters (like if Coinbase is in trouble; HINT: all official signs and documents say it’s fine).
Ethereum’s merge resulted in a PoW fork called ETHW. You can set your metamask for this network using the following info.
According to one metric, CDD (Coin Days Destroyed), which tracks coins that have been dormant, we just saw one of the biggest capitulation events ever. Right before Bitcoin rallied.
There is a general sentiment that 2021 gave us the market peak and we have maybe even started a bear market. But what if 2023 is the new 2017?
Bitcoin has broken above its previous all-time high of $64k and is currently trading above $66k in price discovery.
Is the bottom in for Bitcoin? After many attempts and failures at holding the price below $30k, and with ETH’s London upgrade and the Elon + Jack talk, one has to wonder.
Ethereum’s latest upgrade, which includes the important but dryly titled EIP-1559, is coming… and hopefully so is an attempt at a bull run with it.
Is it time for another round of alt season and ETH bull market? While there is every reason to be bullish on BTC in general, the market looks ripe for ETH and alts.
Bitcoin (BTC) is holding up well and trading at support levels after making highs a few weeks back. However, traders are selling GBTC in a panic creating a large negative GBTC premium (a GBTC discount).
GBTC, which often trades at a high premium traded negative today. Right now, BTC is at $48k and Grayscale is trading under $45.
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