Why RFK’s idea of a Bitcoin-backed dollar is a monetary mirage
Why RFK’s idea of a Bitcoin-backed dollar is a monetary mirageCryptoSlate dives deep into RFK Jr.'s proposal to partially back the U.S. dollar with Bitcoin to explore its (un)feasibility.
Happy α Sunday 💪⛓️🚀Our Sunday newsletter is dedicated to the recent content from CryptoSlate Alpha, the web3 membership designed to empower you with cutting-edge insights and expert knowledge. Built on top of Access Protocol, Alpha is incredibly easy to join — you only need a Solana self-custody wallet and a small amount of ACS tokens to stake, which will grant you access to all research and reports. For more information, see more about CryptoSlate Alpha. α Weekly Report
Why RFK’s idea of a Bitcoin-backed dollar is a monetary mirageCryptoSlate dives deep into RFK Jr.'s proposal to partially back the U.S. dollar with Bitcoin to explore its (un)feasibility. α Weekly ResearchRising unrealized profits indicate a more optimistic Bitcoin marketBitcoin's growing NUPL has spent the majority of the year above the critical 0.25 ratio, indicating the market's growing optimism when it comes to Bitcoin's performance in the short-term. The Bitcoin futures contangoThe difference between the Bitcoin's spot price and the price of futures contracts that expire in 3 months is a valuable, but often overlooked indicator of market sentiment. α Top Insights
More α ResearchAn indecisive options market keeps Bitcoin flatBitcoin's future remains uncertain as divided derivatives market keeps BTC in a tight trading range. Sideways SOPR: A prelude to Bitcoin’s next big move?Discover how Bitcoin's SOPR data reveals potential for next significant price rally. Bitcoin miner revenue stabilizes as Inscriptions demand wanesThe normalization of miner revenue and the decrease in transaction fees suggest that the market has adjusted to the Inscriptions phenomenon.
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FTX planned to buy island of Nauru and build bunker in case of mass human extinction
Saturday, July 22, 2023
Current management called FTX members' past activities "misguided" and "dystopian."
NFT of Jack Dorsey’s first tweet, originally purchased for $2.9M, is worth less than $4 in today’s market
Friday, July 21, 2023
Crypto entrepreneur Sina Estavi's effort to sell the NFT since 2022 has been futile as the once-booming market fizzles.
Terraform Labs appoints Chris Amani as CEO to replace Do Kwon
Thursday, July 20, 2023
The firm behind TerraUSD and Luna has selected Chris Amani as its next leader.
Do Kwon, Sam Bankman-Fried, and Elon Musk among the high-profile crypto wallet bounties on Arkham’s Intel Exchange
Wednesday, July 19, 2023
The three individuals account for about $8000 of the total on-site bounties.
Ripple eyes US bank partnerships following SEC victory, as XRP volume surpasses Bitcoin
Tuesday, July 18, 2023
Ripple believes the legal clarity provided by its recent win against SEC could open doors for institutional interest in XRP.
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