99th Edition

Hi there 👋🏻
Anticipation is half the fun, they say. Well, there's only one more week to go for the 100th edition of everyone's favorite crypto newsletter!
That's right- One-hundredth edition!🥳
And for such a special occasion, we think the people most special to us (you, of course) deserve something special:
- Actionable insights that drive real-world results 🚀
- Unveiling groundbreaking advancements by pioneering Web3 companies, showcasing their remarkable contributions to the industry's transformation 🎉
- An exclusive glimpse behind the scenes of the largest crypto newsletter🤩

Join our community on Discord (cruising towards 2K members) and Twitter for all the latest updates in the cryptoverse.

This edition covers:

• Dispelling FUD in just 1 week
• Exploring SatoshiGPT
• Bull march
• Heavyweights getting into the ring
• and Mastercard embracing crypto

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📖 Crypto simplified

The Weekly Flip: Shattering FUD with Data and Resilience

The Roar of the Bears: FUD Amplified
Seven days ago, the bears seemed to have the upper hand in the crypto arena. Markets were fluctuating, the regulatory outlook was murky with Binance and Coinbase under scrutiny, and overall interest appeared to dip.
Then came the USDT's temporary depegging, adding fuel to the rampant Fear, Uncertainty, and Doubt (FUD).
It seemed as though the cryptoverse was on the brink of a doomsday scenario.

‍Riding the Whirlwind: Bitcoin's Strong Rebound
Fast forward just one week, and the narrative underwent a seismic shift. Bitcoin, the standard-bearer of cryptocurrencies, sprung back like a phoenix from the ashes. Hitting $31,000, it marked a nearly 20% rally - a significant feat considering the prevailing bearish sentiments.

The Whale Movement: On-chain Analytics Reveals
But the rally was just the tip of the iceberg. Delving into on-chain data provided even more compelling evidence of the cryptoverse's fighting spirit.
When BTC broke the $30,000 barrier, the whales – investors who hold a substantial amount of Bitcoin – sprang into action. The Bitcoin network witnessed an impressive 259 transactions, each over $1M.

This activity level marked the highest whale activity in over three months.

Ethereum Metrics: Another Case for the Bulls
If Bitcoin's performance wasn't convincing enough, Ethereum's on-chain data added further weight to the bullish narrative. Fees generated in Ethereum transactions mirrored levels seen when ETH was priced over $2100.
Concurrently, ETH supply on exchanges continued to decrease, a signal often interpreted as a bullish trend due to the declining selling pressure.

‍Resilience in the Face of FUD
The crypto space, notorious for its volatility, is a whirlwind of FUD, moonshots, scams, and rug pulls. It's all too easy to get bogged down in this noise.
But the cryptoverse doesn't dance to the tune of fear or speculation; it moves to the rhythm of hard data.

On-chain Data: The Guiding Light Amid Chaos
On-chain data, an objective, data-driven view of the crypto market, helps pierce through the thick fog of FUD. These insights not only illuminate the path for investors but also reveal the true strength of the crypto space – its resilience.
Amid the clamor of naysayers, on-chain data delivers a steady stream of unvarnished truth, painting an accurate picture of the state of the crypto world.

Every Week: A New Chapter in Crypto's Saga
This whirlwind week highlights the dynamism of the crypto market. Narratives change at a breakneck speed, with FUD one moment and bullish trends the next.
But through it all, the resilience of the ecosytem never wavers.
Each week brings new noise, fresh challenges, and exciting opportunities. And each week, the cryptoverse counters the noise with tangible data and undeniable resilience.
It's a testament to the unwavering spirit of the crypto community - a reminder that, regardless of the narratives spun around it, the cryptoverse, backed by hard data and relentless determination, keeps pressing forward.

This past week serves as a vivid reminder of this journey. It underlines that no amount of FUD can impede the progress of the cryptoverse, and even in the face of adversity, it thrives.
It showcases the crypto community's commitment to weather the storm, dispel the FUD, and continue the voyage toward the promising future of cryptocurrencies.
So, buckle up for the ride. After all, who knows what the next week will bring?

✅ This week's actionable

1. SatoshiGPT- Get all your crypto questions answered
2. Perfect tool for DYOR
3. Unlock the power of GPT-4 for free. Try it out here

👇🏻Checkout the video for detailed steps👇🏻

🔭Top Highlights of the Week

1. Are the bulls ready to march?🐂

The past seven days were pretty eventful for the top two cryptocurrencies by market cap.

👉 Bitcoin crossed the $30,000 threshold this week, although it is yet to consolidate above that figure
👉 ETH supply on centralized exchanges dwindles. Meanwhile, fees on Ethereum are back at levels seen right before its climb to $2,100

Our takeaway: While dramatic gains in a short timeframe are prone to price reversals, it is heartening to see the crypto market bouncing back despite all the odds stacked against it, both in terms of macroeconomical and regulatory pressure.‍

2. Everyone's getting in on the action

Giants in the asset management game are now looking to dive into crypto services. And this includes

👉 BlackRock (yes, the one with ~$10T in AUM) filing for a Bitcoin ETF
👉 Deutsche Bank applying for a license to engage in crypto custody services
👉 Invesco and WisdomTree filing for Bitcoin ETFs

Our takeaway: No, there were no typos there. These are genuine heavyweights looking to enter the arena. The only cause for concern here would be if they might end up monopolizing the space, but the kind of trust that is being shown in digital assets will surely result in major boosts in the market.

3. A familiar name in the business

Mastercard continues its expansion into the crypto space, filing a trademark application citing plans for
👉 Crypto/Blockchain transaction-facilitating software
👉 Connecting virtual asset service providers for cryptocurrency transactions

Our takeaway: While software facilitating crypto transactions is in no way novel to the space, Mastercard is a giant in the finance arena, and any goodwill from them towards crypto serves as a huge trust boost to digital assets in the eyes of the consumer.

Disclaimer: All price movements are recorded up to 03:30 PM UTC, 23rd June 2023.
After a couple of weeks of red charts, this week saw a major price reversal, with all top coins covering major ground in the upwards direction.

Disclaimer: All price movements are recorded up to 03:30 PM UTC, 23rd June 2023

Despite macroeconomic conditions remaining uncertain and regulatory scrutiny mounting, bullish sentiments prevailed in the market as all sectors saw major turnarounds this week.

Crypto Jargon of the Week 🤔

Explain Like I'm 5
"Capitulation"‍

A period of intense panic-selling
When the market overreacts‍

Example- Capitulation can cause an asset to be oversold