Crypto News: Cardano, Twitter, AAVE, Regulation, Revolutions & MORE!
Hey Guys,
Did you notice that we finally had the first green week for BTC since March? Yeah, me neither.
This might have to do with all the insanity going on both inside and outside of the crypto market, and I'm here as always to give you my summary of what exactly went down over the last 7 days.
Starting with the insanity on the inside, we saw Voyager Digital go down, we saw one of Cardano's developers become the CTO of Algorand, and we saw Aave and Shiba Inu announcing their own decentralised stablecoins. As you'll see, that last headline is more important than you think.
As for the insanity on the outside, at least a dozen countries are in crisis mode at the moment with dozens more headed in that direction. What they all have in common is corruption, incompetence, and of course, energy costs which continue to rise around the world. If something doesn't change soon, many of these countries will end up like Sri Lanka.
When things are looking as grim as they are now, I like to remind myself of the age old adage: the night is darkest just before the dawn.
After all, FTX CEO Sam Bankman Fried said this is probably the bottom for the crypto market, and many are calling him the JP Morgan of crypto, so he must be right... right?
I suppose we will see soon enough.
Enjoy!
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⛓️ 🔗 Useful Links 🔗 ⛓️
► Cardano Developer Leaves For Algorand: https://cryptosnewss.com/cardanos-tec...
► Euro Slides Against USD: https://www.cnbc.com/2022/07/07/euro-...
► Shiba Inu Stablecoin: https://decrypt.co/104590/developers-...
► Elon Seeks Twitter Deal Exit: https://cointelegraph.com/news/breaki...
► Treasury Department Crypto Framework: https://cointelegraph.com/news/us-tre...
► Sri Lanka Protests: https://www.zerohedge.com/geopolitica...
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📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.
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