🗞 Cryptocurrency Weekly News | July 30th, 2021 🗞
Greetings everyone to Bitcoin Existence Day 4587.
When things change they can change quite fast! As a trend follower, sometimes analysis can find itself on autopilot. By definition, trend direction persists… until it doesn’t. For weeks on end, our story has been the same – bearish deterioration across a slowly evolving Head and Shoulders topping pattern.
But this week brings starkly new information and it’s time to modify the noscript. Read more and view the technical chart.
Just as Bitcoin was threatening to complete that massive Head and Shoulders pattern, a sudden and powerful change of direction came about. As a result, we blasted above the 50-day moving average, moved to an old resistance level, and now find ourselves probing those highs.
Regulators Hone In on Digital Assets as Rules Tighten for Big Crypto Players
Regulators around the world continued to focus on legislating digital assets, as US Treasury Secretary Janet Yellen outlined the Department’s intention to develop an appropriate U.S. regulatory framework for stablecoins. Yellenconvened the President’s Working Group on Financial Markets (PWG), which was joined by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation with a report on stablecoins soon to be released, and the PWG is expected to issue its recommendations in the coming months.
The sit down took place at the start of the week, as the total stablecoin supply hit $110B; Circle took the opportunity to reveal the assets backing the USDC stablecoin with 61% of the total USDC supply backed by cash or cash equivalents. The remainder of the supply is backed by Yankee CDs, US Treasuries, Commercial Paper, and Corporate Bonds, with a marginal amount backed by Municipal Bonds and US Agencies. Read more.
Greetings everyone to Bitcoin Existence Day 4587.
When things change they can change quite fast! As a trend follower, sometimes analysis can find itself on autopilot. By definition, trend direction persists… until it doesn’t. For weeks on end, our story has been the same – bearish deterioration across a slowly evolving Head and Shoulders topping pattern.
But this week brings starkly new information and it’s time to modify the noscript. Read more and view the technical chart.
Just as Bitcoin was threatening to complete that massive Head and Shoulders pattern, a sudden and powerful change of direction came about. As a result, we blasted above the 50-day moving average, moved to an old resistance level, and now find ourselves probing those highs.
Regulators Hone In on Digital Assets as Rules Tighten for Big Crypto Players
Regulators around the world continued to focus on legislating digital assets, as US Treasury Secretary Janet Yellen outlined the Department’s intention to develop an appropriate U.S. regulatory framework for stablecoins. Yellenconvened the President’s Working Group on Financial Markets (PWG), which was joined by the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation with a report on stablecoins soon to be released, and the PWG is expected to issue its recommendations in the coming months.
The sit down took place at the start of the week, as the total stablecoin supply hit $110B; Circle took the opportunity to reveal the assets backing the USDC stablecoin with 61% of the total USDC supply backed by cash or cash equivalents. The remainder of the supply is backed by Yankee CDs, US Treasuries, Commercial Paper, and Corporate Bonds, with a marginal amount backed by Municipal Bonds and US Agencies. Read more.
Please enjoy the August 2021 CryptoCalibur Team Picks Technical Analysis article.
📈📉📈📉📈
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https://cryptocalibur.com/cryptocalibur-team-picks-august-2021-technical-analysis
📈📉📈📉📈
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https://cryptocalibur.com/cryptocalibur-team-picks-august-2021-technical-analysis
Upcoming ask me anything session with DeFine!
📃 Website
📃 DeFine Telegram
⏰ The AMA will take place on August 3rd, 2021 from 18:00 to 19:00 UTC in our Chat Room.
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DeFine is a social NFT platform for all creators including artists, musicians, influencers, gamers, and athletes. The platform facilitates all social interaction for creators and their fanbase with digital assets.
✅ DeFine aims to provide an all-encompassing Asia-focused NFT Social Platform for creators.
✅ DeFine will build upon its existing NFT marketplace to support the broader NFT market and creator ecosystem.
✅ NFT PLUS - expands the application of NFT outside of artwork by attaching assets to the blockchain and metaverse - will be realased in Q3.
🔥 Backed by Huobi Ventures, Draper Dragon, and more
🔥 Listing premier on Huobi + lock HT and ETH with Primepool to Get 2.25 Million DFA
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AMA will take place in our Chat Room: @cryptocaliburchat
📃 Website
📃 DeFine Telegram
⏰ The AMA will take place on August 3rd, 2021 from 18:00 to 19:00 UTC in our Chat Room.
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DeFine is a social NFT platform for all creators including artists, musicians, influencers, gamers, and athletes. The platform facilitates all social interaction for creators and their fanbase with digital assets.
✅ DeFine aims to provide an all-encompassing Asia-focused NFT Social Platform for creators.
✅ DeFine will build upon its existing NFT marketplace to support the broader NFT market and creator ecosystem.
✅ NFT PLUS - expands the application of NFT outside of artwork by attaching assets to the blockchain and metaverse - will be realased in Q3.
🔥 Backed by Huobi Ventures, Draper Dragon, and more
🔥 Listing premier on Huobi + lock HT and ETH with Primepool to Get 2.25 Million DFA
-----------------------------------------------
AMA will take place in our Chat Room: @cryptocaliburchat
Reminder! AMA with DeFine will take begin in ~5 hours in our chat room.
----------------------------------
Time: 18:00 - 19:00 UTC
The AMA will take place in our Chat Room: @cryptocaliburchat
----------------------------------
Time: 18:00 - 19:00 UTC
The AMA will take place in our Chat Room: @cryptocaliburchat
Telegram
DeFine English Community
✅DeFine is a social NFT platform. Official website: https://define.one/
Today we have Hoon @Myounghoon (Global Operation Lead at DeFine) and Thomas @tcho134 (Head of Business Operations at DeFine) joining us to answer our questions for the next hour.
DeFine is a social NFT platform for all creators including artists, musicians, influencers, gamers, and athletes. The platform facilitates all social interaction for creators and their fanbase with digital assets.
Join & Follow:
- @CryptoCalibur
- @DeFinePlatform
- https://twitter.com/DeFinePlatform
❗️ Do not ask more than 2 questions per message. If you do so, your questions will be deleted. ❗️
Before we begin please:
- Be respectful 🙏
- Try to ask questions which are interesting and unique 🙇
- No foul language ⚠️
Let’s begin! This AMA session will end at 19:00 UTC.
DeFine is a social NFT platform for all creators including artists, musicians, influencers, gamers, and athletes. The platform facilitates all social interaction for creators and their fanbase with digital assets.
Join & Follow:
- @CryptoCalibur
- @DeFinePlatform
- https://twitter.com/DeFinePlatform
❗️ Do not ask more than 2 questions per message. If you do so, your questions will be deleted. ❗️
Before we begin please:
- Be respectful 🙏
- Try to ask questions which are interesting and unique 🙇
- No foul language ⚠️
Let’s begin! This AMA session will end at 19:00 UTC.
X (formerly Twitter)
DeFine | Web 3 Native Social NFT Platform (@DeFinePlatform) on X
DeFine, the NFT based decentralized social network for creators and web 3.0 users.
Join us👉
https://t.co/L4CqDzMXDi
Join us👉
https://t.co/L4CqDzMXDi
Upcoming ask me anything session with Radix!
📃 Website
📃 Radix Telegram
⏰ The AMA will take place on August 5th, 2021 from 14:00 to 15:00 UTC in our Chat Room.
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Radix is a public decentralized network built specifically to serve DeFi. According to Radix, they are the only decentralized network where developers will be able to build quickly without the constant threat of exploits and hacks.
✅ Radix is building a purpose-built DeFi programming environment that will enable fast & secure development, giving DeFi developers more time to focus on innovation rather than security.
✅ The Radix Engine is designed to change the game by replacing the EVM for a lean, mean, state-executing machine.
🔥 Radix Olympia mainnet is live!
🔥 Radix built their consensus algorithm, Cerberus, to deliver something entirely unique to the blockchain industry — linearly scalable atomic composability for DeFi.
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AMA will take place in our Chat Room: @cryptocaliburchat
📃 Website
📃 Radix Telegram
⏰ The AMA will take place on August 5th, 2021 from 14:00 to 15:00 UTC in our Chat Room.
-------------------------------
Radix is a public decentralized network built specifically to serve DeFi. According to Radix, they are the only decentralized network where developers will be able to build quickly without the constant threat of exploits and hacks.
✅ Radix is building a purpose-built DeFi programming environment that will enable fast & secure development, giving DeFi developers more time to focus on innovation rather than security.
✅ The Radix Engine is designed to change the game by replacing the EVM for a lean, mean, state-executing machine.
🔥 Radix Olympia mainnet is live!
🔥 Radix built their consensus algorithm, Cerberus, to deliver something entirely unique to the blockchain industry — linearly scalable atomic composability for DeFi.
-------------------------------
AMA will take place in our Chat Room: @cryptocaliburchat
Reminder! AMA with Radix will take begin in ~3:30 hours in our chat room.
----------------------------------
Time: 14:00 - 15:00 UTC
The AMA will take place in our Chat Room: @cryptocaliburchat
----------------------------------
Time: 14:00 - 15:00 UTC
The AMA will take place in our Chat Room: @cryptocaliburchat
Telegram
Radix DLT Official
Radically Different DeFi
Today we have Piers Ridyard @piersr (CEO of Radix) joining us to answer our questions for the next hour.
Radix is a public decentralized network built specifically to serve DeFi. According to Radix, they are the only decentralized network where developers will be able to build quickly without the constant threat of exploits and hacks.
Join & Follow:
- @CryptoCalibur
- @radix_dlt
- https://twitter.com/radixdlt
❗️ Do not ask more than 2 questions per message. If you do so, your questions will be deleted. ❗️
Before we begin please:
- Be respectful 🙏
- Try to ask questions which are interesting and unique 🙇
- No foul language ⚠️
Let’s begin! This AMA session will end at 15:00 UTC.
Radix is a public decentralized network built specifically to serve DeFi. According to Radix, they are the only decentralized network where developers will be able to build quickly without the constant threat of exploits and hacks.
Join & Follow:
- @CryptoCalibur
- @radix_dlt
- https://twitter.com/radixdlt
❗️ Do not ask more than 2 questions per message. If you do so, your questions will be deleted. ❗️
Before we begin please:
- Be respectful 🙏
- Try to ask questions which are interesting and unique 🙇
- No foul language ⚠️
Let’s begin! This AMA session will end at 15:00 UTC.
X (formerly Twitter)
Radix - Radically Different DeFi (@radixdlt) on X
The Full Stack for DeFi.
Discord: https://t.co/uI07vEDvSY
Telegram: https://t.co/U43tKZvCyx
Wallet: https://t.co/AuxqtbeVUa
Posts from Radix Publishing Ltd
Discord: https://t.co/uI07vEDvSY
Telegram: https://t.co/U43tKZvCyx
Wallet: https://t.co/AuxqtbeVUa
Posts from Radix Publishing Ltd
Upcoming ask me anything session with Vaulty!
📃 Website
📃 Vaulty's Telegram
⏰ The AMA will take place on August 11th, 2021 from 15:00 to 16:00 UTC in our Chat Room.
-------------------------------
Vaulty is a decentralized platform designed to bring automatic asset allocation across DeFi instruments. Every vault has its own smart contract with predetermined logic. You can choose your vault and passively earn yields or NFTs.
✅ A clear Go-To market strategy and a strong team already established in crypto.
🔥 The project has implemented the Profit Sharing Model. This model does an auto buyback of $VLTY tokens from the market and distributes those among all $VLTY holders who stake their tokens in the Profit Sharing Pool.
🔥 Multi IDOs on 9th and 10th August!
-------------------------------
AMA will take place in our Chat Room: @cryptocaliburchat
📃 Website
📃 Vaulty's Telegram
⏰ The AMA will take place on August 11th, 2021 from 15:00 to 16:00 UTC in our Chat Room.
-------------------------------
Vaulty is a decentralized platform designed to bring automatic asset allocation across DeFi instruments. Every vault has its own smart contract with predetermined logic. You can choose your vault and passively earn yields or NFTs.
✅ A clear Go-To market strategy and a strong team already established in crypto.
🔥 The project has implemented the Profit Sharing Model. This model does an auto buyback of $VLTY tokens from the market and distributes those among all $VLTY holders who stake their tokens in the Profit Sharing Pool.
🔥 Multi IDOs on 9th and 10th August!
-------------------------------
AMA will take place in our Chat Room: @cryptocaliburchat
Reminder! AMA with Vaulty will take begin in ~2:30 hours in our chat room.
----------------------------------
Time: 15:00 - 16:00 UTC
The AMA will take place in our Chat Room: @cryptocaliburchat
----------------------------------
Time: 15:00 - 16:00 UTC
The AMA will take place in our Chat Room: @cryptocaliburchat
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CryptoCalibur Team Pick : Asset Removal -- VIDT Datalink (VIDT)
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Greetings everyone.
Today we have made the internal decision to remove VIDT Datalink (VIDT) from our portfolio of Team Picks.
The reasons for the removal are a combination of fundamental and technical issues. Fundamentally speaking, the role of VIDT in the crypto space has become more difficult to understand/forecast in the months following the merger with LTO. The future here is cloudy and uncertain. Technically speaking, VIDT has underperformed going all the way back to the peak of August 2020. In fact, in the recent crypto swoon the project gave back 85% of it's value. Consequently we are taking advantage of the rally from 30 cents to where it stands at 62 cents today to give this portfolio position back to the market.
Results:
Entry: $0.1431
Exit: $0.6220
Profit/(Loss): 334%
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CryptoCalibur Team Pick : Asset Removal -- VIDT Datalink (VIDT)
—-
Greetings everyone.
Today we have made the internal decision to remove VIDT Datalink (VIDT) from our portfolio of Team Picks.
The reasons for the removal are a combination of fundamental and technical issues. Fundamentally speaking, the role of VIDT in the crypto space has become more difficult to understand/forecast in the months following the merger with LTO. The future here is cloudy and uncertain. Technically speaking, VIDT has underperformed going all the way back to the peak of August 2020. In fact, in the recent crypto swoon the project gave back 85% of it's value. Consequently we are taking advantage of the rally from 30 cents to where it stands at 62 cents today to give this portfolio position back to the market.
Results:
Entry: $0.1431
Exit: $0.6220
Profit/(Loss): 334%
——
Please enjoy the September 2021 CryptoCalibur Team Picks Technical Analysis article.
📈📉📈📉📈
——-
https://cryptocalibur.com/cryptocalibur-team-picks-september-2021-technical-analysis
📈📉📈📉📈
——-
https://cryptocalibur.com/cryptocalibur-team-picks-september-2021-technical-analysis
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CryptoCalibur Team Pick - New Selections!
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Today we are making 2 new additions to the CC Team Pick Portfolio, including our first NFT Team Pick.
Portfolio Additions:
1) $10,000 allocation of DYDX @ $11.29 per token.
2) NFT - PUNKS: The Hunt for the Lost Robbies - 8 ETH last sale price per OpenSea = $28,064.
Note: DYDX is a first buy, of what may become a dollar cost average position build.
For more information on our portfolio, please see the September Team Pick TA article:
https://cryptocalibur.com/cryptocalibur-team-picks-september-2021-technical-analysis/
CryptoCalibur Team Pick - New Selections!
----
Today we are making 2 new additions to the CC Team Pick Portfolio, including our first NFT Team Pick.
Portfolio Additions:
1) $10,000 allocation of DYDX @ $11.29 per token.
2) NFT - PUNKS: The Hunt for the Lost Robbies - 8 ETH last sale price per OpenSea = $28,064.
Note: DYDX is a first buy, of what may become a dollar cost average position build.
For more information on our portfolio, please see the September Team Pick TA article:
https://cryptocalibur.com/cryptocalibur-team-picks-september-2021-technical-analysis/
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Hi Everyone. Here is a revamped, cleaned up, look at the CryptoCalibur Team Portfolio.
- tranches consolidated
- BTC value removed (since many read 0.000000)
- Crypto Asset Subtotal added
As a reminder, tomorrow is week 2 of 20 for our $5k BTC and $5k ETH dollar cost averaging program. Let's (softly) put this bear market to work.
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- tranches consolidated
- BTC value removed (since many read 0.000000)
- Crypto Asset Subtotal added
As a reminder, tomorrow is week 2 of 20 for our $5k BTC and $5k ETH dollar cost averaging program. Let's (softly) put this bear market to work.
—
💸 CryptoCalibur Team Portfolio Update
⚡️Plus a few comments regarding strategy in the coming weeks/months.
—-
https://cryptocalibur.com/cryptocalibur-team-picks-nov22-portfolio-update/
⚡️Plus a few comments regarding strategy in the coming weeks/months.
—-
https://cryptocalibur.com/cryptocalibur-team-picks-nov22-portfolio-update/
We added Jito $JTO (FA) to our 2nd portfolio today.
And we added Marinade $MNDE (FA) to our 2nd portfolio, too.
https://twitter.com/CryptoCalibur/status/1732809513940754701
And we added Marinade $MNDE (FA) to our 2nd portfolio, too.
https://twitter.com/CryptoCalibur/status/1732809513940754701
We added Mythos $MYTH (FA) to our 2nd portfolio today.
https://twitter.com/CryptoCalibur/status/1732865209466036311
https://twitter.com/CryptoCalibur/status/1732865209466036311
X (formerly Twitter)
CryptoCaliburResearch (@CryptoCalibur) on X
We added Mythos $MYTH (FA) to our 2nd portfolio today.
We trimmed yesterday's $MYTH position in Portfolio 2 by 70% because of sketchy orderbook activity and not knowing holdings Chico Crypto quite frankly, so we de-risked into a smaller position.
https://twitter.com/CryptoCalibur/status/1733008456389664937
https://twitter.com/CryptoCalibur/status/1733008456389664937
X (formerly Twitter)
CryptoCaliburResearch (@CryptoCalibur) on X
We trimmed yesterday's $MYTH position in Portfolio 2 by 70% because of sketchy orderbook activity and not knowing holdings Chico Crypto quite frankly, so we de-risked into a smaller position.