52 Years of Fiat: The economic legacy of abandoning the gold standard
52 Years of Fiat: The economic legacy of abandoning the gold standardCryptoSlate's latest report dives deep into the U.S. government's decision to abandon the gold standard in 1971 and its far-reaching consequences, many of which are still unfolding today.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 Report52 Years of Fiat: The economic legacy of abandoning the gold standardCryptoSlate's latest report dives deep into the U.S. government's decision to abandon the gold standard in 1971 and its far-reaching consequences, many of which are still unfolding today. α Weekly ResearchBitcoin’s drop to $26.6K sees over $160M in realized lossesBitcoin's drop to $26,298 triggered a massive liquidation event and led to over $160 million in realized losses on-chain. Bitcoin at $28.5K: Unpacking the significance of tight Bollinger BandsBitcoin's breach of a lower Bollinger Band may suggest a market turnaround. α Top Insights
More α ResearchSTH sell-side risk ratio drops to record low: What does it mean for Bitcoin?The sell-side risk ratio for short-term holders dropped to 0.05%, the second-lowest it has been since 2010. Decline in crypto-margined futures may signal market maturityComparing the crypto-margined and cash-margined futures open interest reveals a discrepancy that has never been higher, indicating a growing preference for stability and risk mitigation in the market. Lightning network capacity decreases while number of channels growsDisconcerting trend or progress? Lightning Network sees growing channels alongside falling capacity. |
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Ethereum’s new ‘Holesky’ testnet to launch in September
Saturday, August 19, 2023
The new network will replace the project's current Goerli testnet.
Market sees $1B in liquidations as Bitcoin, Ethereum plunge
Friday, August 18, 2023
The market's top cryptocurrencies plunged late Thursday, triggering massive liquidations across the board.
Shibarium launch falters, $2.5M locked in bridged funds wiping $500M from SHIB market cap
Thursday, August 17, 2023
Onchain sleuth ZachXBT described Shibarium's launch as sloppy.
Sei token to launch Aug 15. on Bitfinex, Binance, and more
Tuesday, August 15, 2023
The Cosmos SDK-based blockchain will launch its native token on several exchanges tomorrow.
Law expert says the amicus brief filed by 6 law scholars ‘absolutely shreds’ the SEC’s theory
Monday, August 14, 2023
In support of Coinbase, the scholars said that an 'investment contract' requires a 'contractual undertaking,' contradicting the SEC.
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