- The blocmates Newsletter
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- đŁ BlackRock is Coming to Dominate Ethereum
đŁ BlackRock is Coming to Dominate Ethereum
PLUS Let's make mining great again with Tari!
Together with
Todayâs edition is brought to you by Size Credit - the first-ever DeFi fixed-rate lending platform with scalability designed for institutions.
If youâre looking for a trusted place to earn a fixed yield on USDC, check out Size Credit here!
GM.
At this point, I donât know if this is a financial revolution or a revolution in mental illness. Looking at the Bitcoin price action yesterday was akin to watching an asylum patient run back and forth, bouncing off the roomâs padded walls.
Wish I could say all this ends soon, but weâre more likely staying in the asylum well into September. All in all, this is your annual reminder to step away from the markets during the summerâyouâre not missing much.
However! Weâve got another green sign on the ETH side, confirming yesterdayâs strength seen in the ETH/BTC chart. Since last week, weâve finally seen ETH ETF flows turn positive, led by BlackRock.
Speaking of, BlackRock is currently rumored to launch its own ETH layer 2. Now, if this doesnât resurrect ETH and DeFi from the limbo, nothing will.
If you havenât already⊠hit the subscribe button and get the coolest welcome email in crypto!
BTC/USDT 1D Binance Log Chart
For me, the main thing $BTC needs to do here is reclaim the bull/bear pivot that is the 200-day MA (blue line). See red circles for the last reclaims, which clearly define the price action pre-bull breakout last year and again last month.
Weâve already reclaimed $57kâideally, this holds as support now. It's no bueno if we go back down to test $52k again. This consolidation has a history of making lower lows, and itâs a long way down to the next level at $43k. On the hopium side, liquidity is coming back slowly, and we have an election in November to juice the economy.
Learn more on Lukeâs everyday TA stream!
Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!
đ A quick word from todayâs sponsors.
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Tari: Make Mining Great Again
Tari is a new aspiring layer 1 powered by a modified Proof of Work consensus, meaning we can once again have some fun with mining our crypto coins.
Even though the full version is not available yet and the token is still coming up, you can participate in many ways:
Join the Tari Airdrop game and climb the leaderboards for a shot at early rewards.
Check out the Reddit Quest rewards
Download your wallet and one-click miner setup for mining
Jump to their Discord if you wish to find more info or have questions.
The important bits.
Even more important bits.
Life gets busy so hereâs what youâve missed.
Free Round Trippers Episode
Podcast
A little treat for you today: to taste every weekâs occurrence of Round Trippers, where we dive deep into our portfolios and let you know our takes on the current market state.
To save you doom scrolling.
Recommended watch to all you Pump.fun addicts.
If youâre from the USA, please vote for Trump. Even though I hate to get political here, you can see through this evidence that Kamala winning isnât exactly bullish for our bags.
stay safe homies,
Hix0n đ«Ą
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