This Week in Crypto

The latest news, reports, and stats in the digital asset ecosystem covering the White House, FTX, Espresso, WalletConnect, Solana, Avalanche, Filecoin, Stratmont Brothers, and Velas.

March 09, 2022

Issue Summary: Welcome back to Coinstack, your favorite weekly newsletter for institutional crypto investors, where we review the top news and reports in the digital asset ecosystem.

In This Week’s Issue:

  1. This Week in Crypto

    1. 🗞️ Top Weekly Crypto News - Exec Order on Crypto, Avalanche, FTX

    2. 💵 Weekly Fundraises - Espresso, WalletConnect, Space Runners

    3. 📊 Key Stats - Magic Eden, Solana, Filecoin

    4. 📝 Report Highlights - Stratmont Brothers: Velas (VLX)

    5. 🎧 Best Crypto Podcasts - Coinstack, Bankless, RealVision

    6. 📈 Top 10 Tokens of the Week - ANC, WAVES, LUNA

  2. Upcoming HeartRithm Institutional Investor Webinars: DeFi for Institutions: Generating Above-Market Yield

  3. NFTs: LuvMonsters Collection - LuvMonsters #98-#101

  4. Coinstack Podcast Episodes

  5. Top 30: A Good Long-Term Crypto Portfolio

  6. Join Our Telegram Group

  7. Who We’re Following on Crypto Twitter

  8. How to Get Started in Crypto Learning

Thanks to Our 2022 Coinstack Headline Sponsors…

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HeartRithm is a crypto quant fund that invests in DeFi, margin lending, and algorithmic trading to generate monthly yield for institutional allocators and qualified clients in a market-neutral manner, without a single down month since inception. They also have a major social impact mission and are giving away a portion of their performance fee to fund philanthropic efforts. Learn more at www.heartrithm.com.

📺 Upcoming Webinars for Institutional Investors

HeartRithm Managing Partner and Coinstack publisher Ryan Allis is hosting an upcoming 55-minute webinar on crypto investing for family offices, wealth managers, and financial advisors covering our thoughts on crypto investing in 2022, how to invest in DeFi, which smart contract platforms are growing, and mapping out the crypto hedge fund ecosystem. Register for free below.

🗞️ Crypto News Recap: The Top 5 Stories

Welcome back to This Week in Crypto… everything you need to know in one scannable format. Here are the top 5 stories of the week…

  1. ​​⚡ Yellen Applauds White House’s ‘Historic’ Crypto Executive Order - A Biden administration cryptocurrency executive order strikes the right balance between encouraging responsible innovation and addressing potential risks to consumers and the broader financial system, Treasury Secretary Janet Yellen said in a statement. (Source)

  2. 😮 Thailand Reportedly Exempts 7% Crypto Tax for Traders on Authorized Exchanges - The revised tax policy exempts crypto traders from the mandatory 7% VAT on authorized exchanges while offering tax exemptions of up to 10 years for crypto startup investors. (Source)

  3. 🏧 The Philippines to Launch Pilot CBDC Implementation - BSP Governor Benjamin Diokno says that the goal of the project is to enhance “payment system’s safety, resiliency, and efficiency.” (Source)

  1. 💰 FTX Europe Launches in Switzerland, Emphasizing Regulatory Compliance - The new operation, regulated by Cyprus Financial Market Regulator (CySEC), will focus on Europe and the Middle East (Source)

  1. 🤑 Avalanche Foundation Unveils $290 Million Incentive Program to Spur On Growth of Subnets The so-called Avalanche Multiverse program — funded by four million AVAX tokens (worth around $290 million at current prices) — aims to encourage the growth of subnets on the network. (Source)

💬 Tweet of the Week

💵 Weekly Crypto Fundraises & Deals

Here are all the crypto fundraises we heard about this week, ranked by size…

📊 Key Stats of the Week

Here are the most important and interesting stats in crypto this week...

1. As Russians Try to Preserve Value, BTC Has Emerged as One of the Options. This Caused BTC to Trade at an Eye-popping 40% Premium

2. Magic Eden Daily Transactions ~2.5x OpenSea’s

3. Since September, There’s Been a Significant Increase in the Number of Wallets With More Than One NFT, Which Recently Surpassed 500k

4. Digital Assets Remain Only a Fraction of the Size of Other, More Established Markets

5. Filecoin and the Graph Lead With the Highest Revenues Earned in the Last Week

📝 Highlights From Crypto Reports

Here are the top highlights from the best crypto research reports this week…

The Crypto Intelligence Report: Velas

About the Author: Stratmont Brothers is a European crypto investment fund that invests in meaningful disruptive innovations, with an emphasis on Web 3.0, De-Fi, cryptocurrencies, tokens, and blockchain companies reshaping trillion-dollar markets. Their mission is to create a better world for our next generations. They are known for challenging long-standing assumptions, predicting macro trends, and identifying early-stage technologies that will reshape the world.

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Velas is the first Fastest EVM /eBPF Hybrid Chain mechanism blockchain, which allows building decentralized applications and smart contracts on its main net and ables the scalability of the transactions, validating up to 75 000+ transactions per second. It is founded by the CEO of the world’s first and biggest altcoin payment processor platform Coinpayments.net. Inspired by the values of Web 3.0 and Blockchain technology, Velas aim to be a project that combines Blockchain and innovative technologies to create a transparent, community-driven, and decentralized ecosystem of products and services. Their mission is to create and integrate world-changing technology products and services to improve people's lives all over the world and “make the internet free again”, and to address the main blockchain trilemma, their technologies are being developed with an emphasis on scalability, security, and decentralization

AI manages the parameters of the consensus system called AidPoS which gives the blockchain the ability to adapt itself according to the network conditions. It is a kind of recommendation algorithm that acts as a guardian of the blockchain. The main principle behind AidPoS is to use AI to adapt the blockchain to current circumstances within the network, preserving the level of performance and resilience primarily in the optimal ranges.

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1 The Ethereum Virtual Machine is the software platform that developers can use to create decentralized applications on Ethereum. This virtual machine is where all Ethereum accounts and smart contracts live.

2 Extended Berkeley Packet Filter (eBPF) is a kernel technology (starting in Linux 4.x) that allows programs to run without having to change the kernel source code or adding additional modules. You can think of it as a lightweight, sandbox virtual machine (VM) inside the Linux kernel, where programmers can run BPF bytecode that takes advantage of specific kernel resources.

3 The blockchain trilemma refers to a widely held belief that decentralized networks can only provide two of three benefits at any given time with respect to decentralization, security, and scalability.

4 Delegated Proof of Stake (DPoS) is a popular evolution of the PoS concept, whereby users of the network vote and elect delegates to validate the next block. Delegates are also called witnesses or block producers.

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🎧 Top Crypto Podcasts of The Week

Here are the crypto podcasts that are worth listening to this week...

📈 Top Performers This Week

Here are the top 10 performing digital assets this week, out of the top 100 by market cap.

And here are the top 15 performers in the last week from all tokens with a market cap of $20M+.

The Top Performers This Month from the Top 100: Anchor is a Yield protocol, Waves is an L1, Terra is an L1, Unus Sed Leo is an Exchange token.

🎨 NFTs of the Week: Our Featured Collection

🎨LuvMonster NFTs - Collect Them Now on OpenSea

Here are the new LuvMonster NFTs from our official Coinstack featured artist Mrs. Bubble that you can buy at our special pre-sale prices.

These NFTs are individually hand painted and then digitized for some added magic — with special sound added. We now have 288 unique LuvMonster owners — and the community is growing weekly.

For early notification on drops, so you can get them daily at the earliest possible pre-sale prices, join the Discord and the Telegram Channel.

We will continue to feature these joyous NFTs here in Coinstack, building the community and collector-base each week.

These NFTs are minted on the Polygon network, so there are no gas fees.

Four New NFTs This Week - Limited Pre-Sale Available

Here are the new NFTs launching this week. All of these have been handpainted by the artist Mrs. Luv Bubble and then digitized, with sound and motion added.

Additional Coinstack Sponsors

Celo, the mobile-first blockchain that makes financial tools accessible to anyone with a mobile phone number, is a proud sponsor of Coinstack. Connect, transact, and store your crypto assets on the Celo blockchain using only an SMS interface. Learn more about Celo at www.celo.org.

Hive Digital is a leader in providing SEO and PPC services for blockchain, DeFi, Web3, and crypto companies. If you want to expand your organic presence and paid leads from Google and Facebook get a proposal from Hive Digital at www.hivedigital.com.

🎧 Latest Episodes of The Coinstack Podcast

We have a new Coinstack podcast. So far we’re at 19,612 listens and growing!

Here are the episodes we’ve released so far...

You can listen and subscribe on:

We really appreciate you listening and sharing the link with your friends.

📈 Our Top 30: A Long-Term Crypto Portfolio

Each week we include our top 30 list. If we were creating a portfolio from scratch right now that we didn’t want to touch for 5-10 years, we would be sure to include our top 5: ETH, DOT, SOL, AVAX, & FTM. Here’s our current top 30 for a well-rounded long-term crypto portfolio…

To see which exchanges to buy these on, use Coinmarketcap or Coingecko. We recommend using dollar-cost averaging and holding for a 5-10 year time horizon for any crypto investor as prices can fluctuate a lot in the short term.

💬 Join The Coinstack Telegram Community

Join our Telegram Channel here to chat with our community, ask questions, and learn more about the future of money as we move to a decentralized internet and the creation of a new open global monetary system that works for everyone. We now have over 1800 members on our Telegram.

💬 The People We’re Following Closely on Twitter

📚 How To Get Started With Crypto Learning

📰 The Coinstack Newsletter:

Tracking the most important blockchain stories of the 2020s, including a decentralized internet and the creation of a new open global monetary system that works for everyone. As always, published for informational purposes only. Please do your own research. Just our opinions. Not intended as financial advice as we are not financial advisors. We may be long on many of the digital assets we write about as we believe strongly in the sector. Please do your own research. Published and written weekly by Ryan Allis and Mike Gavela.

The information above does not constitute an offer to sell securities or a solicitation of an offer to buy securities. Further, none of the information here is a recommendation to invest in any securities. Past performance is no guarantee of future results. Any historical returns, expected returns or probability projections may not reflect actual future performance. All investments involve risk and may result in loss.

Comments and thoughts welcome on our Telegram channel:

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