New opportunity for my fam: Alliance Games.

MVP launched this week, good chance to get in early.

Here’s everything you need to know.

Web3 mass adoption?

Actually almost 7% of world’s population are already crypto users.

10 charts that show the actual speed of user onboarding.

More from my personal research: Weekly fundamentals don’t matter.

Here come the results of my backtesting strategy based on Token Terminals weekly gainers calls.

Dark pools are the blocker of Web3 adoption?

Actually it’s vice versa.

Here’s my summary of Delphi Digital’s new research that explains the role of dark pools in TradFi and their future in DeFi.

Enjoy learning something new!

Came across an interesting product that leverages Web3 tech to help game devs ship cheaper and faster.

AI NPC Generator is live as a demo.

Have a look if interested!

TODAY IN WEB3: KEY HIGHLIGHTS

Bullish News:

• Bitcoin ETFs in the US post nine consecutive days of net inflows, extending a 9-day winning streak amid surging demand.

• Polygon will migrate $MATIC to $POL during a September upgrade, set for September 4.

• Chainlink has launched the Digital Assets Sandbox (DAS) to onboard institutional investors.

• Hong Kong’s $350m crypto ETF market pins hopes on Ethereum staking funds.

• U.S. Senator Bob Menendez, known for his strong opposition to Bitcoin and crypto, plans to resign from Congress after being convicted on federal corruption charges.

• Matt Hougan, CIO at Bitwise, predicts Ethereum could surpass $5,000 following the launch of Ethereum ETFs.

Bearish News:

• WazirX, an Indian crypto exchange, suffered a $235 million hack, likely associated with North Korean hackers.

• Mt. Gox creditors face challenges, including opting to hodl Bitcoin payouts, failed login attempts amid repayments, and brute-force login attempts on accounts.

• Debates intensify as Mike Brock reveals that Trump tried to ban Bitcoin in 2020.

PS: Let me know if you love this new format and want to receive such updates daily (or almost daily).

Have some alpha that NEAR will launch Chain Signatures VERY soon (mainnet).

This will enable transacting on all chains with just one NEAR account.

Huge price catalyst here, enjoy my deep dive.

A realistic view on Web3 today.

Huge gap in the innovation zone, speculation triggers highly dependent on the US.

Open to discussions — prove me wrong.

TON has become a phenomenon in 2024.

How does Delphi Digital see the future of gaming on TON?

Find out in my new report summary!

TODAY IN WEB3: KEY HIGHLIGHTS

Today marks the 10-year anniversary of Ethereum's ICO.

Bullish News:

• Bitcoin's price hits $68,000 after China unexpectedly cuts interest rates. Traders anticipate an all-time high in two months and potential benefits from 'the Trump trade' ahead of the November US elections.

• Bernstein asserts the market hasn't factored in a possible Trump victory and a positive shift in crypto regulations. Bitcoin traders are also overlooking this potential outcome.

• Japanese firm Metaplanet gains 19% as it adds more Bitcoin to its treasury, completing its Bitcoin buying goal with an additional $1.2M purchase.

• HNT token surges 40%, outperforming Bitcoin, as Helium Mobile's subscriber count exceeds 100K.

• Coinbase alumni raise $21 million for web3 gaming infrastructure startup NPC Labs, which previously raised $18M to scale gaming on Base Network.

• Solana ETF hopes and rising fundamentals drive SOL prices higher, according to traders.

Bearish News:

• Mt. Gox prepares for repayments on Bitstamp, executing test transactions and transferring a small amount of bitcoin to Bitstamp, according to Arkham.

• Ethereum ETFs are set to start trading in the US, with analysts predicting potential sell pressure following the ETF debut amid a surge in implied volatility.

Just in: Avail mainnet is live!

Unification drop should be distributed shortly, looking forward to staking 😉

TODAY IN WEB3: KEY HIGHLIGHTS

Today marks the 10-year anniversary of Ethereum's ICO.

Bullish News:

• Bitcoin investors remain steadfast as BlackRock's IBIT accrues $526 million. Bitcoin Layer 2 Bitlayer reaches a $300 million valuation with new funding from Franklin Templeton, which also leads an $11 million raise.

• Spot Ethereum ETFs begin trading today. Grayscale transferred $1 billion ETH to Coinbase ahead of the Ether ETF launch, while Bitwise pledges 10% of spot Ether ETF profits to Ethereum developers.

• Bears can now short Bitcoin in Hong Kong with new ‘inverse’ ETFs. BTC options implied volatility surges ahead of Trump’s upcoming appearance at Bitcoin 2024.

• Avail launched its mainnet today; $AVAIL is now trading at $0.15.

Bearish News:

• Mt. Gox moves $2.8 billion worth of Bitcoin to a new address, with $3.2 billion BTC in outflows within just two hours.

• The U.S. Government moves $4 million Bitcoin to Coinbase, according to Arkham data. Meanwhile, an English football club owned by a Bitcoiner adds $4.5 million Bitcoin to its treasury.

In case you’re investing in LBPs, here’s my overview of the upcoming sale of Magnify Cash.

Good % of supply distributed to users, have a look!

Aethir has recently shared a report on its revenue, $36M pulled in 2023.

I decided to explore Aethir’s target market and the way it plans to gain a higher share in the cloud computing segment.

Enjoy reading!

Great source for searching new products here.

This is Electric Capital’s map of Web3.

View full-size here: https://www.cryptomarketmap.org

Happy weekend, my frens!

I’ve decided to calculate the potatnial value of Mantle’s upcoming $COOK airdrop and translate it into APR.

Quite interesting numbers here, have a look if you have some idle ETH.

There're two reasons I don't trade memecoins:

• Business model
• Culture

Let me explain ↓


I know this is a highly controversial topic, and many of my followers are huge fans of memecoins.

They appreciate the 99% community ownership, fair launches, protests against inflated valuations, and the pure speculative nature that makes memes so lucrative.

But let me offer a different perspective.


When you trade memecoins, you're always trading against other people and the team.

Every memecoin with some coverage on Telegram or X has invested in liquidity and marketing.

Do they want to recoup their investment and earn extra?

Of course they do.

You might argue that with classic protocols, you have to trade against VCs, so what's the difference in trading against a team?

With classic protocols, you know who and when you're trading against. They are designed to be long-lasting. Protocols' tokens are 10% tech and 90% speculation, but that 10% is crucial.

That 10% drives teams to establish companies.

To deliver a product and capture a larger market share, they must follow the traditional launch framework.

To avoid regulatory risks, insiders (VCs, team, advisors) should have a cliff of at least one year post-TGE.

With memecoins, there're no rules.


Thousands of memecoins are launched daily.

The ones you trade are likely those with significant marketing investments; otherwise, they'd get lost in the long list of new launches.

How significant?

As a marketing agency owner familiar with blogger promotion rates, I estimate the average spend for a mediocre token to be around $150K.

Including liquidity expenses, the total costs are somewhat close to $200K+.

To cover all expenses and generate a profit, such teams would need to earn at least $300K through the secondary market.

Some spend $500K+. Do the rest of the math yourselves.


The wild part is that you never know exactly when or how the team will decide to take profits.

But they always will.

So, you have to compete against snipers, the team, and other traders—all at once, all eager to take profit.


I know the counter argument: you can have ten -100% trades but just one 20x memecoin will cover all your losses.

The main issue that you never know if you ever have this 20x memecoin.


Now, let's move on to the second issue: Culture.

Memecoins are often touted as easy money with a low barrier to entry. Hundreds of bloggers post threads promising 100x gains to anyone who masters sniping and uncover the "hidden secrets" of memecoin trading.

This is bullshit.

If these secrets really existed and worked, bloggers wouldn't share them for free or just for the sake of 100K views.

People trust these threads, often trading memecoins and becoming exit liquidity for more seasoned players, teams, and insiders.

Additionally, memecoins divert attention from other protocols that aim to enhance the space and contribute to new Web3 use cases, supporting its long-term success.

While such teams are rare, they do exist, even though most are primarily focused on making money.

Memecoins NEVER offer anything new.


I agree if you love gambling and trading memecoins for the endorphin rush when you succeed, that's fine.

I just don't understand why this remains a predominant narrative in crypto for months, positioned as the best source of yield, with no efforts needed, while more important issues are sidelined.


Don't you think that's because launching memecoins has become one of the best yield-generating strategies for Web3 teams?

Minimal development efforts + short memecoin life cycle + fast revenue source → Memecoin teams easily afford to dominate your timeline with extensive marketing, unlike other projects.

Just think about it.

On my end, memes are just not something I want Web3 to be.

I was researching the AI Agent field and came across a very interesting Agent Collective protocol, Theoriq.

They’ve already established some very solid partnerships, so definitely worth checking.

Here’s my Eli5 of their product offering.