Triaconta Weekly #172

The following topics will be addressed in this weekly.

  • Bundles performance
  • Winners & losers
  • Market overview

Bundle performance

Bitcoin (+0.2%) is moving sideways with no direction. Technical indicators are all neutral. In the rest of the market, the first prices are already skyrocketing and many smaller coins are unfortunately lagging behind. DeFi again convincingly takes the lead of all bundles this week.

Big 3:
1 Month: -12.99% | 7D: -1.69% | 24H: -1.37%

Top 30:
1 Month: -18.63% | 7D: +3.95% | 24H: -1.68%

1 Month: -29.87% | 7D : -6.65% | 24H: -3.16%

1 Month: -9.75% | 7D: +20.37% | 24H: +0.73%

Winners & losers
What a week for Decentralized Finance sector! Synthetix (+64%), Aave (+33%), 0X (+31%), Luna (+30%) and Compound (+28%) all well up. Unfortunately, not everything goes up at once. Hugely on offer right now are VeChain (-10%), Hedera Hashgraph (-9%), Dogecoin (-8%), IOST (-8%) and Waves (-7%).

Market overview

According to Visa, more than $1 billion was spent with crypto-linked credit cards in the first six months of 2021. Visa is now a partner of 50 crypto platforms with which customers can spend their crypto via their credit card. Visa settles all transactions via USDC (stablecoin) daily in a bundled transaction via the Ethereum network.

Circle wants to become the second major crypto company to go public after Coinbase. Circle is a global financial technology company empowering businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications around the world. Circle is also the main developer of USD Coin (USDC), the fastest growing stable dollar coin in the world.

Aave (+33%) confirms the launch of Aave Pro, the next step for institutional Defi. Institutional investors can participate in so-called ‘private pools’ in Ethereum’s largest lending project. The launch of Aave Pro gives institutions, companies and fintech clients access to DeFi while participants must comply with all KYC regulations. While authorized DeFi and whitelisting of participants may seem like a step backwards for an open and decentralized blockchain, according to founder Kulechov, it is a much-needed step to bring in the large institutions.

An American reality TV series is looking for people who have lost access to their personal crypto wallet. Unlucky investors will be connected to cybersecurity experts trying to help them get their money back. Fortunately, if you ever lose your Triaconta password, you can request a new one from us.