Triaconta Weekly #220

The following topics will be addressed in this weekly:

  • Bundle performance
  • Winners & Losers
  • Market overview

Bundle performance
The market is moving sideways and slightly higher which is hugely positive after such a good month as July. Yesterday, there was some very big news. Blackrock and Coinbase are going to work together to give institutional investors direct access to crypto. The largest asset manager in the world with nine trillion dollars under management is partnering with the largest US crypto exchange to give institutional investors access to the currently only 1 trillion dollar crypto market.
The trading capabilities of Coinbase Prime, developed specifically for investment firms, will be made available directly in Blackrock’s own investment management platform Aladdin. With the market leader on board, other asset managers will also want to make the crypto market available to their clients. According to all surveys, this is also what most of their clients would really like. Up until now, the people at Blackrock have been cautious or even downright negative about crypto and that is apparently all over.

Big 3:
1 Month: +28.71% | 7D: -3.24% | 24H: +1.22%

Top 30:
1 Month: +41.47% | 7D: +1.45% | 24H: +3.34%

Penny stock:
1 Month: +31.56% | 7D: +3.56% | 24H: +4.26%

1 Month: +50.33% | 7D: -1.20% | 24H: +4.09%

Winners & Losers
Web3 pioneer Filecoin (+40%) stands out this week due to a partnership with the Harvard University Library Innovation Lab. DeFi tokens continue to lead the way with Yearn.Finance (+22%), Kava (+18%) and Near Protocol (+15%). A great week also for Top 30 and PennyStock token Vechain (+15%) which is starting to gain a foothold here as well with their European office. Some profit-taking this week on coins that jumped too fast in the past month such as Qtum (-16%), Bitcoin Gold (-12%), Bitcoin Cash (-8%) and Ethereum Classic (-5%) made only a small dent in their monthly returns.

Market overview
Major players in the Ethereum market are anticipating that “the Merge” could see two blockchains emerge during the week of September 19. A planned Eth 2.0 Proof of Stake blockchain and with sufficient support from miners a simultaneous continuation of the current Proof of Work blockchain. However, it is expected that most apps will immediately opt for the new Eth 2.0 Proof of Stake with much lower transaction costs. A continuation of the Proof of Work blockchain is then likely to be short-lived. Moreover, there was already such a thing namely Ethereum Classic.

Crypto project Zilliqa is five years old this week. Added to PennyStock for €0.01 in September 2020, Zilliqa rose to €0.20 in April 2021 and April 2022 but then fell back again and again. Currently the coin is trading at just over €0.04 and Zilliqa has good prospects especially in Gaming and Metaverse areas. Zilliqa is partnering with Alien Worlds, coincidentally the most played blockchain game this month just above Axie Infinity. Also, their Metapolis platform recently joined the Metaverse Standards Forum, so they get to have a say in future standardization and collaboration between Metaverses.

The community of DeFi topper Aave has almost unanimously decided that the platform will develop its own stablecoin. GHO will be pegged to the US dollar and will use various other crypto as collateral. To be on the safe side, there is an integration with Chainlink’s Proof of Reserve feature that allows continuous monitoring of the value of the collateral across all Aave-connected blockchains.

After 4 years of absence, finally another company dares to set up crypto ATMs in Japan. Gaia Co. is starting with the major cities of Tokyo and Osaka and has 130 ATMs planned throughout Japan in the next few years. The machines will support Bitcoin, Ethereum, Bitcon Cash and Litecoin. According to coinatmradar, there are currently 21 Bitcoin ATMs in the Netherlands.