Triaconta Weekly #162

The following topics will be addressed in this weekly.

  • Bundles performance
  • Winners & losers
  • Market overview

Bundle performance

Another Super week for all bundles. The altcoin market once again broke through $ 1 trillion ($ 1,000 billion) in aggregate value and is heading for new records. Crypto companies worldwide are reporting all-time record volumes for the month of April. Bitcoin moves up and down, and closes the week with “only” + 13%. There is even a chance that Bitcoin will show a decline for the first time in six years for the month of April.

Big 3:
1 Month: 49.18% | 7D: 24.39% | 24H: 3.98%

Top 30:
1 Month: 39.49% | 7D: 26.41% | 24H: 3.78%

Penny Stock ::
1 Month: 85.92% | 7D: 40.71% | 24H: 2.55%

1 Month: 23.20% | 7D: 27.01% | 24H: 2.70%

Winners & losers
What a week for Polygon (MATIC) with a + 148%. Waves (+ 64%) and ICON (+ 52%) are also going up fast. Further growth for XRP (+ 46%), Avax (+ 36%) and Doge (+ 36%). Yesterday we saw a few minuses for Penny stocks such as Digibyte, VeChain and Reserve Rights, but with today’s broad rise, all currencies are showing a positive return this week.

Market Overview

Ethereum sets a new all-time high just above $ 2800 and is now bigger than PayPal. Defi is now really starting to catch on with more than $ 25 billion in value committed in AAVE, Compound and MakerDAO in particular, according to Messari. Unfortunately, its rising popularity has made DeFi a target for hackers as well, and $ 285 million on loan has been lost since 2019. While this was primarily about Ethereum projects, nowadays the number of hacks on the Binance Smart Chain is also growing. Numerous DeFi projects are very innovative and offer high interest rates, but are usually brand new and the contracts are certainly not as secure as the Ethereum platform on which they run.

The European Investment Bank (EIB) has asked GoldMan Sachs, Santander and Société Générale to accompany the issuance of EUR 100 million in 2-year bonds. What is special is that it concerns digital bonds registered on the Ethereum blockchain for the first time. It is also now clear to the EIB that crypto can provide better settlement, custody and transfer for the global bond market.
The April 27 pilot was also an experiment with Central Bank Digital Currencies (CDBC) tokens. With the deployment of smart contracts under secure terms, the Banque de France was able to issue and control CBDC tokens with the CBDC transfer occurring simultaneously with the delivery of the bond tokens to the investors’ wallets.

Contrary to persistent rumors, Facebook has no Bitcoin on its balance sheet. The quarterly results were good and earnings expectations have been exceeded. What is not yet may come and we are also waiting for Libra, Facebook’s own crypto currency.
Tesla has announced that it has sold 10% of the Bitcoin as a test of liquidity. This was a requirement of the auditors to be allowed to keep Bitcoin in cash reserves. Whatever you call it, it brought Tesla $ 101 million or $ 84 million in profit. More than the company has made in the past 10 years from selling cars.

Polygon (MATIC) starts a $ 100M global defi adoption fund. With the hashtag #DeFiforAll, this fund aims to bring in the next wave of users for decentralized financial products. Polygon provides an easy-to-use platform for Ethereum scaling and now has more than 200 applications (DApps) and 364,000 users. Aave recently migrated to the Polygon platform, bringing in more than $ 1 billion in new loan liquidity within a few weeks.

Cardano developer Input Output Hong Kong (IOHK) announces a partnership with the Ethiopian government to digitize the country’s education sector. It concerns 3,500 schools and 5 million pupils. All students will now have their diploma digitally verified in the blockchain. Employers can check the grades of all applicants without the intervention of outside agencies. The intention is to later expand the project to Universities. CEO Charles Hoskinson previously hinted at tremendous business opportunities for Cardano in Africa. In Tanzania, IOHK will also work to achieve better access to social, digital and financial services via the Cardano blockchain.

Binance Smart Chain has integrated Chainlink VRF (Verifable Random Function) on their mainnet as the recommended oracle solution for all BSC developers who need a verifiable and tamper-proof source of on-chain randomness. Real randomness that cannot be manipulated is needed to create demonstrably fair casinos and card games, or truly unpredictable gaming and dynamic NFTs, for example.