Coinstack

Ethereum is now the 19th most valuable asset in the world and worth more than Walmart Source: https://8marketcap.com/

🎊 Bitcoin has broken $50k and ETH has broken $4k again. We’ve been going nearly straight up for 7 weeks. We may see a slight pullback before we breakthru to new ATHs. If you’re a hodlr keep holding! If you’re looking for an entry point you may see a better one in a week or two. It is going to be a fabulous Fall 2021. Congrats to everyone who DCA’d in all summer.

🎧 New Podcast Episode! https://anchor.fm/coinstack/episodes/This-Week-in-Crypto--SEC-Signs-1-Year-Deal-With-Blockchain-Surveillance-Firm--Cuba-To-Formally-Recognize-and-Regulate-Crypto---and-much-more-e16qgsa In this week's episode, we review the top crypto news, reports, and stats of the week. SEC Signing a 1-Year Deal With Blockchain Surveillance Firm, anchain.ai. Biden's Administration Pushes for 'Last-Minute' Crypto Additions in Infra Bill. US Federal Reserve To Keep Quantitative Easing Loose. MetaMask Hit 10M Monthly users in July and so much more.

🗞️ The Weekly Coinstack Newsletter is Out... this week I write about the my experience joining HeartRithm, an algorithmic crypto quant fund https://coinstack.substack.com/p/joining-a-crypto-quant-fund Inside this Issue 1. Joining a Crypto Quant Fund - by Ryan Allis 2. Latest Crypto Market Forecast 3. This Week in Crypto… 🗞️ Top Weekly News 💵 Weekly Fundraises 📊 Key Stats 📝 Report Highlights 📈 Top 10 Performers 🎧 Best Podcasts 🚀 Coin Of The Week - AVAX Up 226% in 30 Days 4. The Coinstack Alpha Fund - Up 41% in 30 Days 5. Coinstack Podcast Episodes 6. Top 30: A Good Long-Term Crypto Portfolio 7. Wednesday Crypto Community Calls 8. Join Our Telegram Group 9. Who We’re Following Closely on Crypto Twitter 10. How to Get Started in Crypto Learning

Ethereum's daily revenues are now 67x that of Bitcoin. It's only a matter of time until the flippening happens. 🙂

Arbitrum - an Ethereum scaling solution - has launched and announced raising $120M in new funding... Here's some detail from the Market Meditations Newsletter... "Blockchain scalability is a hot topic, with Solana working hard to be an Ethereum killer. But Ethereum has momentum and there’s an important launch very soon for Arbitrum, one of the Layer 2 rollups. Let’s break it down: To increase the speed of Ethereum and lower transaction costs, a combination of sharding the main Layer 1 network and sending computation off-chain (Layer 2) is being pursued. There are three major types of Layer 2 scaling: state channels, Plasma and rollups – for connoisseurs of detail, Vitalik Buterin beautifully breaks down the differences here. Rollups come in two flavours: Optimistic or Zero Knowledge (ZK). The former relies on Fraud Proofs (“Prove I’m Wrong”), whereas the latter relies on Validity Proofs (“Proof I’m Right”). Arbitrum is an optimistic rollup that launched its beta version on the mainnet in May. Since then it has done an impressive job in attracting dApps, wallets and tools to migrate over in readiness for the official user launch. Check out their portal Arbitrum One. It can process up to 5000 Transactions Per Second (~ 100x improvement on Ethereum’s 45 TPS), but there will be limits in place during the launch phase. One thing to note is that optimistic rollups have a 7-day withdrawal period (the interval for fraud claims), but some projects are working on speeding this up with liquidity bridges. And while Arbitrum itself does not currently have its own token, the same could be said about UniSwap until it airdropped one to every user… So a Layer 2 solution at scale may be right around the corner and with mass user adoption could have a significant impact on the market and its participants, especially for those projects using the protocol. To learn more about Layer 2 competitors, check out this comprehensive report by Delphi Digital." Links: News: Arbitrum Launches on Mainnet and Raises $120M in New Funding to Scale Ethereum - https://www.theblockcrypto.com/post/116148/ethereum-scaling-solution-arbitrum-launches-mainnet-raises-120-million-funding Medium Post: August Launch Announcement - https://offchain.medium.com/a-is-for-arbitrum-a-is-for-august-71391582d95b Delphi Layer 2 Rollup Report - https://www.delphidigital.io/wp-content/uploads/2020/12/Layer-2_DelphiDigital.pdf

Institutional demand continues to grow in the NFT space. https://www.coindesk.com/tech/2021/08/30/institutional-nft-interests-heats-up-as-three-arrows-capital-announces-starry-night-fund/

https://twitter.com/WClementeIII/status/1432172737812914178 Seeing investors continue accumulation between $40k and low $50k price zones on BTC

🎧 This Week in Crypto - (Coinbase invests $500M in crypto, Visa buys its first CryptoPunk, and much more.) https://anchor.fm/coinstack/episodes/This-Week-in-Crypto---Coinbase-invests-500M-in-crypto--Visa-buys-its-first-CryptoPunk--and-much-more-e16grp6 The top crypto news, reports, and stats of the week. We also cover our latest Bitcoin forecast. We are now in the last 4-6 months of the bull market. Based on on-chain analytics and the amount of capital coming into the space from institutional investors, crypto markets are headed toward a double market peak as we first predicted July 5. We expect to see new all-time high during Fall 2021 for both Bitcoin and Ethereum. While things could change, we expect to see $80k+ BTC and $6k+ ETH by the end of 2021, driving major increases in most other L1 and DeFi valuations.

Any smart contract developers who are part of the Coinstack community? A crypto quant fund I work with is actively hiring...

🗞️ The weekly Coinstack newsletter is now out... https://coinstack.substack.com/p/good-times-ahead- Our Crypto Market Forecast This Week in Crypto… 🗞️ Top Weekly News 💵 Weekly Fundraises 📊 Key Stats 📝 Report Highlights 📈 Top 10 Performers 🎧 Best Podcasts 🚀 Coin Of The Week On-Chain Analysis by Mike Gavela - Price Floor Rising As Investors Remain Bullish Welcoming Our New Sponsor: HeartRithm, A Crypto Quant Fund Focusing on Exceptional Returns & Social Impact The Coinstack Alpha Fund Coinstack Podcast Episodes Top 30: A Good Long-Term Crypto Portfolio

For anyone currently earning yield from participating in Uniswap v3 liquidity pools, has anyone found a way to earn further returns by staking their LP tokens? LMK if you have particular expertise in this area.

We have some good news... Coinstack has found a headline sponsor and we are going to be able to continue growing our newsletter, podcast, and community. Tomorrow we will be announcing our new headline sponsor for Coinstack. They are *very* aligned with what we believe in! Any guesses who they are?

We are now writing this week's Coinstack newsletter. What topics would you like to hear more about this week?

Over 50% of BTC addresses are in profit, while 70% of ETH addresses are also in profit, which explains the hockey stick movement we see right now with Realized Cap on both assets. The dip we had in May cut out all the leverage and weak hands in the market. Smart money and long-term holders who bought the $30k dip are fueling this rally by realizing profits and accumulating more coins at the $40k price level creating a new floor price, as mentioned in the previous issue.

🎧 New Podcast Episode: Just recorded... On-Chain Analysis: How Does It Work with Mike Gavela How we can predict the price of Bitcoin and Ethereum in advance? We use on-chain analytics. Coinstack analyst Mike Gavela joins us to explain how on-chain analytics works. https://anchor.fm/coinstack/episodes/On-Chain-Analysis---How-It-Works--Bitcoin--Ethereum-Price-Forecast-With-Mike-Gavela-e167e9p In this episode we interview Mike Gavela, an on-chain analyst who focuses on Bitcoin and Ethereum. We explain what on-chain analysis is, how on-chain analysis works, how to predict short and medium-term price movements using on-chain analysis, and the best tools in the space like Glassnode, TokenTerminal, and Dune Analytics. We also discuss our market forecast for where the price of Bitcoin and Ethereum will reach in the current cycle. Mike is confident we will pass $100k BTC and $5k ETH in this cycle based on the on-chain data, market cycle lengthening, and the amount of capital coming into the space. Mike also introduces us to three of his favorite metrics Realized Price, NUPL and SOPR. In addition to Bitcoin and Ethereum we also discuss Solana and Polkadot.

I'm about to interview Coinstack On-Chain Analyst Mike Gavela about how on-chain analysis works in crypto and what he predicts for Bitcoin and Ethereum this Fall. What questions should I ask him?

🎧 New Coinstack Podcast Episode: This Week in Crypto with Ryan Allis & Mike Gavela https://anchor.fm/coinstack/episodes/This-Week-in-Crypto-Top-News--Fundraises--Stats---Reports-e165rfr The top crypto news, reports, and stats of the week. We also introduce Coinstack analyst Mike Gavela on the show for the first time. We also discuss our latest Bitcoin forecast. Based on on-chain analytics and the amount of capital coming into the space from institutional investors, crypto markets appear headed toward a double market peak as we first predicted July 5. We expect to see new all-time high during Fall 2021 for both Bitcoin and Ethereum. While things could always change, we expect to see $80k+ BTC and $6k+ ETH by the end of 2021. The bulls are definitely back -- with ETH up 50%+ from it's early July lows.

🗞️ Our weekly Coinstack newsletter is now out... read it online at: https://coinstack.substack.com/p/this-week-in-crypto-478 We're experimenting with a format where we recap the weekly crypto news and stats and then have a feature article. Let us know what you think. Our goal is to summarize all the week's key information something you can read in 10-15 minutes. This week's feature article is an on-chain analytics article by Coinstack analyst Mike Gavela where he explains why he sees Bitcoin establishing a new price floor at $40k.

Anyone here earning yield by providing liquidity in Uniswap v3? Which pools are you in? I've got a couple questions for you if so.