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All things Ethereum, Bitcoin, DeFi, Blockchain, Crypto, and Web 3.0. With analysis of the macro trends and technological innovation as we build the future of money.
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Arbitrum - an Ethereum scaling solution - has launched and announced raising $120M in new funding...

Here's some detail from the Market Meditations Newsletter...

"Blockchain scalability is a hot topic, with Solana working hard to be an Ethereum killer. But Ethereum has momentum and there’s an important launch very soon for Arbitrum, one of the Layer 2 rollups. Let’s break it down:

To increase the speed of Ethereum and lower transaction costs, a combination of sharding the main Layer 1 network and sending computation off-chain (Layer 2) is being pursued.

There are three major types of Layer 2 scaling: state channels, Plasma and rollups – for connoisseurs of detail, Vitalik Buterin beautifully breaks down the differences here.

Rollups come in two flavours: Optimistic or Zero Knowledge (ZK). The former relies on Fraud Proofs (“Prove I’m Wrong”), whereas the latter relies on Validity Proofs (“Proof I’m Right”).

Arbitrum is an optimistic rollup that launched its beta version on the mainnet in May. Since then it has done an impressive job in attracting dApps, wallets and tools to migrate over in readiness for the official user launch. Check out their portal Arbitrum One.

It can process up to 5000 Transactions Per Second (~ 100x improvement on Ethereum’s 45 TPS), but there will be limits in place during the launch phase.

One thing to note is that optimistic rollups have a 7-day withdrawal period (the interval for fraud claims), but some projects are working on speeding this up with liquidity bridges.

And while Arbitrum itself does not currently have its own token, the same could be said about UniSwap until it airdropped one to every user…

So a Layer 2 solution at scale may be right around the corner and with mass user adoption could have a significant impact on the market and its participants, especially for those projects using the protocol. To learn more about Layer 2 competitors, check out this comprehensive report by Delphi Digital."

Links:

News: Arbitrum Launches on Mainnet and Raises $120M in New Funding to Scale Ethereum -
https://www.theblockcrypto.com/post/116148/ethereum-scaling-solution-arbitrum-launches-mainnet-raises-120-million-funding

Medium Post: August Launch Announcement - https://offchain.medium.com/a-is-for-arbitrum-a-is-for-august-71391582d95b

Delphi Layer 2 Rollup Report - https://www.delphidigital.io/wp-content/uploads/2020/12/Layer-2_DelphiDigital.pdf
Ethereum's daily revenues are now 67x that of Bitcoin. It's only a matter of time until the flippening happens. 🙂
🗞️ The Weekly Coinstack Newsletter is Out... this week I write about the my experience joining HeartRithm, an algorithmic crypto quant fund

https://coinstack.substack.com/p/joining-a-crypto-quant-fund

Inside this Issue
1. Joining a Crypto Quant Fund - by Ryan Allis
2. Latest Crypto Market Forecast
3. This Week in Crypto…
🗞️ Top Weekly News
💵 Weekly Fundraises
📊 Key Stats
📝 Report Highlights
📈 Top 10 Performers
🎧 Best Podcasts
🚀 Coin Of The Week - AVAX Up 226% in 30 Days
4. The Coinstack Alpha Fund - Up 41% in 30 Days
5. Coinstack Podcast Episodes
6. Top 30: A Good Long-Term Crypto Portfolio
7. Wednesday Crypto Community Calls
8. Join Our Telegram Group
9. Who We’re Following Closely on Crypto Twitter
10. How to Get Started in Crypto Learning
🎊 Bitcoin has broken $50k and ETH has broken $4k again. We’ve been going nearly straight up for 7 weeks. We may see a slight pullback before we breakthru to new ATHs. If you’re a hodlr keep holding! If you’re looking for an entry point you may see a better one in a week or two. It is going to be a fabulous Fall 2021. Congrats to everyone who DCA’d in all summer.
Ethereum is now the 19th most valuable asset in the world and worth more than Walmart

Source: https://8marketcap.com/
Arcane Research: The Weekly Update- Wk 35 Sept 7

(password: elsalvador)

TL:DR Bitcoin almost touched $53k yesterday, but we saw a sell-off again this morning, making the introduction of BTC as legal tender in El Salvador today a classic “buy the rumor, sell the news” event as mentioned by community member Dmitry Avdeev.

https://static1.squarespace.com/static/60377b34e7791c1277aaae97/t/6137530f163d6f7b3aed644a/1631015698845/Weekly+update+-+Arcane+Research+%28Week+35%29+2021-beskyttet.pdf
🎧 New Podcast Episode: Joining a Crypto Quant Fund - The Strategies & The Story with Ryan Allis 📈

Episode Link: https://anchor.fm/coinstack/episodes/Joining-a-Crypto-Quant-Fund---Our-Strategies--The-Story-e171rn6

EPISODE DESCRIPTION:
Coinstack founder Ryan Allis talks about his experience becoming a Managing Partner of HeartRithm.

About HeartRithm... ❤️
HeartRithm is an algorithmic crypto quant fund with Assets Under Management in the top 10% of crypto funds. For three years now, their crypto strategies have generated exceptional returns without a single down month by using a combination of algorithmic trading, margin lending, DeFi yield farming, and market-neutral hedged liquidity pools.

On the team they have a Cognitive Science Ph.D, world class engineers from Google, Airbnb, and Citadel, and an operations team from top venture funds. HeartRithm is on track to put 50% of their performance fees into social impact projects -- as part of building a crypto quant fund that does good in the world -- and brings millions of dollars per year into social impact grants. They are building a brilliant regenerative engine for social transformation that turns code into money -- and money into good -- while generating exceptional returns.

HeartRithm is Hiring Smart Contract Developers, Data Scientists, and a COO/CFO with Hedge Fund Experience
The HeartRithm team is actively hiring python engineers, data scientists, smart contract developers as well as a COO/CFO with hedge fund experience. HeartRithm is a remote-first team, with team members in the USA and Europe and a hub in Boulder, Colorado -- and frequent team retreats.

If you are interested in joining a heart-centered and top performing crypto quant fund, send an email with your CV to me at ryan@heartrithm.com.

Want to Learn More About HeartRithm?
If you are interested in learning more about HeartRithm's crypto quant fund just email ryan@heartrithm.com or reach out to Ryan Allis on Telegram (https://t.me/ryanallis).

Read the full story at: https://coinstack.substack.com/p/joining-a-crypto-quant-fund
📝 The Coinstack Weekly Newsletter is Out... please pass it along to your friends...

https://coinstack.substack.com/p/the-next-100-days-in-crypto

🗞️ Issue summary: After a 10% pullback on Tuesday, the crypto bull market structure remains intact as we prepare for a major Fall 2021 run-up over the next 100 days. Coinstack Analyst Mike Gavela writes about how the market is absorbing sell-side pressure after Tuesday’s volatility. We also recap the top weekly happenings in crypto.

📈 Latest Crypto Market Forecast
It’s almost Fall 2021 -- the time we’ve all been waiting for. We expect the next 100 days to be exceptionally active. Based on on-chain analytics and the amount of capital coming into the space from institutional investors, crypto markets appear headed toward a double market peak as we first predicted July 5. We expect to see new all-time highs in October or November for both Bitcoin and Ethereum. While things could always change, we expect to see $80k+ BTC and $6k+ ETH by the end of 2021.

In This Week’s Issue:
Latest Crypto Market Forecast
This Week in Crypto…
🗞️ Top Weekly News
💵 Weekly Fundraises
📊 Key Stats
📝 Report Highlights
📈 Top 10 Performers
🎧 Best Podcasts
🚀 Coin Of The Week - Solana Up 299% in 30 Days
On-Chain Analysis by Mike Gavela - Market Absorbing Sell-Side Pressure
The Coinstack Alpha Fund - Up 10% in 30D
Coinstack Podcast Episodes
Top 30: A Good Long-Term Crypto Portfolio
Wednesday Crypto Community Calls
Join Our Telegram Group
Who We’re Following Closely on Crypto Twitter
How to Get Started in Crypto Learning
This week we write about Solana and the Solana ecosystem. Any Solana fans in the Coinstack community?
🎧 New Podcast Episode: This Week in Crypto- (Crypto Flash Crash Wipes Out $400B, BTC Becomes Legal Tender, and SEC Drama Continues)

https://anchor.fm/coinstack/episodes/This-Week-in-Crypto--Crypto-Flash-Crash-Wipes-Out-400B--BTC-Becomes-Legal-Tender--and-SEC-Drama-Continues-e174reb

The top crypto news, reports, and stats of the week. We also cover our latest crypto forecast with the next 100 days to be exceptionally active. Based on on-chain analytics and the amount of capital coming into the space from institutional investors, crypto markets appear headed toward a double market peak as we first predicted July 5. We expect to see new all-time highs in October or November for both Bitcoin and Ethereum. While things could always change, we expect to see $80k+ BTC and $6k+ ETH by the end of 2021.
We’re writing a story on Solana for next Wednesday. If anyone here uses any of the Dapps built on Solana like Sayber, Sunny, Radium, Serum, let us know. We’d love to ask you a couple questions about it.
Lawmakers have proposed a bill that will make holders of cryptocurrencies accountable to the same "wash sale rules" as investors in the stock, bonds, and securities markets.

The rule would prevent investors from receiving tax benefits when they sell crypto at a steep loss, only to immediately repurchase it.

https://fortune.com/2021/09/14/crypto-tax-loophole-wash-sale-rules-btc-eth-dogecoin/