Crypto

• In Crypto Moves #18 from early March this year, we referred to this crypto bull market as the least speculative in the history of the crypto market.
• By Crypto Moves #35 in early July, we reaffirmed this view.
• Meanwhile, during this period, Bitcoin had outpaced almost every other altcoin.

• Blockchain technology provides decentralized, transparent, and immutable digital ledgers, revolutionizing how transactions and data are managed without reliance on centralized authorities or intermediaries.
• Tokens enable participation in blockchain ecosystems by providing access to services, governance rights, or value transfers, playing a key role in incentivizing user engagement and network growth.
• Foundations and companies shape the development of blockchain projects, issuing tokens to fund innovation, promote decentralization, and drive community-driven governance, supporting the evolution of Web3 technologies.

• A new all-time high for Bitcoin is within reach, which aligns with the strength we anticipated in last week’s Crypto Crisp.
• As we have repeatedly emphasized, this quarter is primed for significant price growth due to a convergence of favorable factors.
• These include increased U.S. Dollar liquidity, strong seasonal trends, Chinese economic stimulus, and the post-fourth Bitcoin halving phase, which has historically led to substantial returns.

• Panel discussion with top analysts on the project Bittensor
• Bittensor founded to decentralize AI and promote open source AI movement
• Project has evolved from text prompting network to network for digital commodities, encompassing entire AI development process

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• Last Thursday, Uniswap, the leading decentralized spot exchange, announced its upcoming Layer 2, also known as rollup, on Ethereum, called Unichain.
• For a detailed explanation of Ethereum rollups, please see Crypto Moves #16.
• This new rollup will be based on Optimism’s Superchain technology, which also powers Coinbase’s Base rollup and the soon-to-launch Layer 2 from Sony.

• Blockchain Basics: Blockchain is a decentralized ledger recording transactions without a central authority. Participants validate and store immutable, transparent data, ensuring trust and security throughout the network.
• Blockchain Layers: The blockchain ecosystem consists of Layer 1 (core blockchain), Layer 2 (scaling solutions), and Layer 3 (applications), all working together to enable secure, scalable interactions with blockchain technology.
• Key Concepts: Blockchain principles include immutability (data cannot be changed), permissionless participation (open to anyone), and decentralization (no single entity controls the system), ensuring security, transparency, and trust across networks.

• The crypto market showed some encouraging signs over the weekend, despite Coinbase showing a significant discount on its Bitcoin and Ethereum prices.
• This suggests that Coinbase users are net sellers, possibly due to concerns about the 69,330 bitcoins seized by the U.S. government in connection with the Silk Road case.
• However, we believe it is very unlikely that the government will liquidate these bitcoins anytime soon.

• September showed positive returns, bucking the seasonal negative returns we have seen in previous years.
• BTCUSD (6.79%), ETHUSD (2.99%), SOLUSD (10.51%) and OTHERS index (15.86%) were green across the board.
• The odds of an explosive expansionary phase significantly increased in September.

• Prediction markets are considered efficient tools for aggregating information
• Studies show that prediction markets are often better at predicting outcomes than professional pollsters
• Small movements in prediction markets may not always accurately reflect significant changes in underlying factors, leading to debates over market efficiency and manipulation.

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

• On August 27, the decentralized autonomous organization (DAO) Maker, known for managing the world’s largest partially decentralized stablecoin, Dai, announced that it would rebrand to Sky on September 18.
• Starting on that date, Dai stablecoin holders gained the ability to convert their Dai 1-to-1 into Sky Dollar (USDS), the new stablecoin of the Sky ecosystem.
• This shift is part of Maker’s “Endgame” roadmap—a vision that co-founder Rune Christensen has been developing for years.

• The crypto market showed some positive momentum over the weekend.
• We will not repeat ourselves on why we are highly bullish going into this fourth quarter, so we will spare you that for now.
• What is notable is the steady stream of major financial institutions announcing new digital asset services on a weekly basis.

• For weeks, we have been anticipating October with optimism, given multiple positive factors for the crypto market.
• Among these is the conclusion of the U.S. Dollar liquidity squeeze in September, which we expect to be followed by increasing liquidity from this month onward.
• In Monday’s edition of Crypto Crisp, we outlined additional reasons for our bullish outlook on crypto throughout the fourth quarter.