Overview
- Bitcoin seemingly stagnant.
- Kujira mainnet is upon us.
- Jungle DEX is here.
Good morning Banter fam,
Everybody here in the US is super excited to celebrate the 4th of July today. Independence is core to any true freedom, and that is kinda what we are doing here with crypto. Trying to gain our financial freedom, through banking ourselves.
How long until we achieve this though? Every time we start seeing seemingly major adoption, the Bitcoin whales take back what was given. At least that’s one thesis. The truth is that we have all been talking for the last year as to whether we are early to crypto or not. After everything that has happened recently, along with the most recent Bitcoin ETF rejection, I am starting to think that we actually still are early.
And while BTC hovers around the levels it currently is, it only adds to that thesis.
Market update 🌍
| BTC/USDA relatively quiet weekend in the crypto markets, as BTC continued to slowly toy with the US$19,000 – 20,000 range. Unfortunately, volume isn’t quite there yet, showcasing an absence of interest in sustaining any push up. Unless volume increases, the chances of price breaking through resistance remain quite slim. I have been looking at the daily BTC chart for reference. Expect some great charts by Sheldon and Kyle if there are any potential major moves they think are coming, which they are gearing up to trade. |
High-resolution chart
| US markets close | Gain |
| S&P 500 | Markets Closed (4th July) |
| Nasdaq | Markets Closed (4th July) |
| Dow | Markets Closed (4th July) |
| VIX | Markets Closed (4th July) |
| Protocol (Coin) | Price ($) | Gain (%) |
| TerraClassicUSD (USTC) | 0.064550 | +9.6 |
| THORChain (THOR) | 1.97 | +9.5 |
| Arweave (AR) | 11.26 | +9.2 |
| The Sandbox (SAND) | 1.08 | +4.2 |
| BitTorrent (BTT) | 0.000000837686 | +3.8 |
| TRON (TRX) | 0.065829 | +3.6 |
| Avalanche (AVAX) | 16.70 | +3.6 |
| DeFiChain (DFI) | 0.855981 | +3.2 |
| Evmos (EVMOS) | 2.24 | +3.2 |
| Quant (QNT) | 56.04 | +2.6 |
| Bitcoin Fear and Greed Index | 11 Extreme Fear |
| “Crypto” Google Trends 90d | 19 |
| “Bitcoin” Google Trends 90d | 45 |
Newswatch 📰
- ⚠️Crema Finance exploited on the 2nd of July.
- SyncSwap testnet is live.
- Tether is burning 446m USDT.
- The time to migrate your Kujira tokens to mainnet has finally arrived.
- Deep-dive option strategies in Solana.
At the protocol level ⛓
Have you met Jungle DEX? If not, now’s the time to read up. This latest Elrond Network product is a distilled version of the Maiar Exchange that allows any ESDT to be listed & traded. A set of simplified rules for listing means every project in the Elrond Ecosystem now has the opportunity to provide its user base with a robust avenue for trading and liquidity providing.
Protocol level Tidbits:
- Damn Vulnerable DeFi V2 (#13 Junior Miners) is here.
- AvalancheGo v1.7.14 (State Sync [Alpha] v0.4) is out!
- There’s a new apr.dev release peeps!
- Popular crypto libraries have been added to the awesome-rust GitHub repo.
NFT & metaverse update 🐵
- Optimism NFT marketplace Quixotic exploited & affected users refunded
Banter’s take
Sometimes it is a good idea to step away from the charts and take a breather. No one wants to burn out. And if you are spending day in and day out in front of a screen, it may be time to step back for a moment to refresh. The markets will still be here tomorrow, and the next day, and the day after.
And if you feel you are losing touch with the current crypto ongoings, don’t worry, we will be here to keep you up to date. So if you haven’t yet, make sure you and all your friends and family have hit that subscribe button on the Morning Brew newsletter. And most importantly, if you are in the US, have a happy 4th of July.
Gabri
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Disclaimer
Good Morning Crypto (issued by Crypto Banter) is a newsletter for entertainment purposes only.
All opinions expressed by the publisher, writers, and chartists should not be construed as financial advice, and do not necessarily reflect the views of Crypto Banter. The publisher, writers, and chartists may hold positions in the tokens and assets discussed. Readers are encouraged to do their own research.
