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Newsletter #28
Bitcoin’s Market Shift and the Latest in Web3 Innovations
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Overview:
Hey Fam!
This week in crypto is buzzing! Nate Geraci signals an Ethereum ETF might hit the market within two weeks, while Bitcoin shows its lowest tie to equities in over 4.5 years due to unique supply shifts. Also, the German Government moved a hefty 700 BTC, indicating serious institutional moves.
In the realm of Web3 and NFTs, Blast just dropped their Phase 2 guide for Dapps, gearing up for the Big Bang competition in August. Meanwhile, Fantasy Top kicks off its first season with Ethereum-fueled tournaments and a shift towards social predictive markets.
Let’s surf those digital waves!
🔥ETHTORONTO🔥:
BLOCKCHAIN FUTURIST CONFERENCE
Discount Code for 50% off ARTSDAO502 tickets for free, first come first serve, pls DM admin number for claim
BTC & Alts:
Nate Geraci, president of The ETF Store, said he would be shocked if the spot Ethereum ETF was not listed and traded in the next two weeks. The spot Ethereum ETF may be launched later next week, but it is more likely to be the week of July 15.
https://x.com/nategeraci/status/1809718453529637194?s=46&t=D2NJpbv09_3Eu5UrIU5H-ABitcoin's correlation to equities is currently the lowest it's been in over 4.5 years, likely due to idiosyncratic supply overhang from Germany/US/Mt. Gox.
https://x.com/wclementeiii/status/1809685810880618974?s=46&t=D2NJpbv09_3Eu5UrIU5H-AAccording to Arkham, the German Government transferred 700 BTC to the unmarked address: 139PoP…H7ybVu at 1:07 UTC+8 today, worth about $40.55 million. This may be a deposit address of an institution or OTC service. The German Government currently holds 39.826k BTC, worth about $2.2 billion.
https://platform.arkhamintelligence.com/explorer/entity/germany
NFT / Web3:
Blast released its Phase 2 guide for Dapps, explaining how points and gold will be distributed to teams and confirming a new Big Bang competition for August, ahead of the first Gold distro coming today
https://blog.blast.io/phase-2-dapps/Fantasy Top announced its Season 1 Kickoff, with a new round of tourneys including 44 ETH in prizes running in parallel with Tactics, though confirming Main Tourneys will reward at least 2x the Gold of Tactics; they also mentioned a new focus on becoming a Social Predictive Market
https://x.com/fantasy_top_/status/1808654190580801710?s=46&t=D2NJpbv09_3Eu5UrIU5H-A
🚨Alexis Andre Frontline Ordinals Collection WL giveaway 15 spots, ends tomorrow 10pm
Dubai time🤲🏻 (11 am Pacific Time)
Name of the project: Frontline
Write-up: https://docs.google.com/document/d/1Ts39KRc_NhPNQIrcuUr69BjuU-qvrYTVabDoWIPCLfA/editRegistration link: https://www.alphabot.app/arts-dao-x-frontline-vfowjc
❗️only for Arts DAO membership token holders https://opensea.io/collection/ethernal-gates
DYOR DYOR DYOR
Memecoins:
Hamster Kombat hits 239M users in 81 days. Telegram founder Pavel Durov says Hamster Kombat’s viral success could onboard over 200 million people to blockchain technology.
https://cointelegraph.com/news/hamster-kombat-239-million-users-telegram-durov
AI:
Every week, we select new AI tools that you can try out. This way, you save time for the more enjoyable things in life.
Superhuman
AI-powered email management for high-performance teams.
https://superhuman.com/?ref=shushant-lakhyani
Bardeen
Create AI-powered workflow automation in minutes using AI.
https://www.bardeen.ai/?ref=zgi2mjm
RankWizard
Write 1000+ articles, blogs, and newsletters in minutes using the power of AI.
https://www.rankwizardai.com/?via=shushant
Alpha:
Jupiter: You can now preview your ASR allocations before claiming on Saturday at 1 PM UTC / 9 AM EST. These tokens will be claimable for 1 month, ending August 6th, at 1 PM UTC / 9 AM EST.
https://x.com/jupiterexchange/status/1809197705715233107?s=46&t=D2NJpbv09_3Eu5UrIU5H-A
TWEET OF THE WEEK
98% of alts already topped im this cycle? Interesting theory