Today’s Nuggets
Coinbase Scams Continue
US Housing Affordability Worst Ever
Bitcoin Speedos
Utah Gets Game Theory
ARK 2030 Bitcoin Price Targets
Hash Breaks New All-time High
BlackRock SOL ETF & FTX Payouts
Tesla’s Second Megapactory Going Live
Bot Wars Heating Up
The IA HOLD Model
The markets are quite weak…
The crypto market cap is now at $3.26 trillion, just under that magical one-third of $10 trillion. Volume is very high at $200 billion but things are not going anywhere. Bitcoin dominance is about 60%.
The Fear and Greed Index is still very high.
I got two Coinbase scam phone calls yesterday.
Even though I have nothing there, it is still very unnerving to know that you are trying to be targeted by a scammer. Per this article, ZacXPT has calculated in just one year, $300 million was stolen from Coinbase users.
Important points as takeaways:
Coinbase will never call you;
Do not trust anybody who calls you;
Do not give anything to anybody. Whitelist your addresses;
Do not use your cell phone as a 2FA; and
Do not send anything to anybody.
Here is a recent video I posted exposing a scammer who targeted me:
The game money grabs are still there. Be careful.
The usual suspects, as always, are there:
ENA;
EIGEN;
APT; and
AXS
Render appears on the list but it is a tiny amount at 0.1% unlock. It is a nothing burger.
I have noticed a big uptick in Layer 2 ETH unlocks as well. Somebody is trying to get their money, which is why last year, all the layer 2s went down during a bull market.
That is a signal right there.
I always talk about the importance of having a castle for the American dream, which is happening worldwide.
Currently, we have the worst home affordability ever in the United States. You need about $120,000 plus of income to afford a median home; the U.S. median household income is only about 80,000.
There is a big discrepancy there.
We did not have a good week at all in the markets:
Ethereum got hit hard, down nearly 9%;
XRP is down nearly 12%; and
Solana is down 6% versus Bitcoin.
A lot of red with just a little bit of green.
The crypto market was also ugly in dollar terms, with Bitcoin down 3.5% for the week.
The tariffs
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