Today’s Nuggets
First Red Week in Six Weeks
If 1% of India Bought 1 BTC
Is Jack Dorsey Satoshi?
Cycle Peaks & Accumulation Areas
Stablecoins Break $200 Billion
All Value Capture Is at the App Layer
Grok Coming to Tesla
The Top 3 Oil Producers
It was a hard day in the volatile and scary market and I realize that frustrations are very high.
The big question is, are we at peak crypto? We are at peak emotions right now as it feels like the bottom of the bear.
Altcoins have been hit hard.
It is a time like this to remember that allocations matter and you should keep your biggest allocations to the safest assets and tiny allocations to the risky stuff.
I know there is a Solana unlock coming and it is 2%.
Everybody has been freaking out about this for six months now and it is taking a toll on the SOL price.
The good news is that this allows me to stack more Solana.
But to put things in perspective, here are some of the unlocks from other names:
ENA is always on the list;
Immutable X = 1.4%;
MURA = 2%;
Optimism = 2% (nobody cares because nobody is in it);
SUI = 1%; and
DYDX = 1.14%.
The blasts from the past are going counter to the rest of the market.
XRP and Litecoin are up over the last week against Bitcoin. The rest are down and all over the place.
Bitcoin is down around 1% in the previous seven days.
You would swear it fell 10% but it is
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