I decided to separate out the weekly news from the weekly post, for the sake of short attention spans, and the space to cover both better.
Roman Storm convicted for a max sentence of 5 years - not bad, but it was for “operating an unlicensed money-transmitting business”. I‘m not a lawyer but this sounds pretty fucked up for all of DeFi?
Bored Apes DAO shut down - it was captured by a small group basically from the beginning. A tight group extracted millions while others struggled to even get proposals up. Many lessons in there.
Trump signed an executive order allowing 401k (US retirement plans) to hold cryptocurrencies. Here‘s what it might mean for your coins.
SEC launched “Project Crypto” in a talk titled American Leadership in the Digital Finance Revolution. They‘re serious about bringing markets onchain, and Ethereum is their chain of choice. Here‘s a tl;dr on what it means for ETH.
EU wants to be able to read all of your DMs. Absolute madness how disconnected from reality the EU bureaucrats are.
Two threads on why Web2 & TradFi have to go - first a story of how Facebook bought a VPN to spy on users for years. Then how Visa is bullying Steam.
Built on Ethereum documentary released 👀
ETH breaks $4k & heads to $4350 - 90% on it‘s way to ATH
There‘s just too much bullish news for ETH, I really hope you‘re not sidelined.
According to most people, this bullrun has only a few months left to go - tho the final few months are usually the vertical ones.
The only analyst I trust, says there will most likely be another dip in September, giving people the opportunity to buy ETH at $3.5-4k again, depending on how high it runs up in August - before the final run-up in November/December.
My recommendation is still to buy as much ETH as possible if the opportunity presents itself, tho the short term upside is limited to probably not much more than x2. For bigger gains, in the x5-10 range, buy $BANKR &/or $CLANKER.
Thoughts?
Weekly news will be delivered every Monday, other posts will be delivered every Friday or Saturday, undecided. When would you prefer?
Overall, what do you think?
Do you find the news section useful at all? I considered dropping it altogether but thought people might find it more useful than just my rambling 😂
Should I drop it, or improve it somehow? How?
So many questions, so few answers! 🥲
Pls lmk what you think 🙏,
peth
I spent months working on a proposal with Bored Apes, jumped through all their hoops, appeared on their spaces. The "people" seemed supportive but the block didn't see benefit. It's really too bad how poorly that DAO was set up, there was potential there to do good.