🐺$ADA gets permission to pump?!?

Turns out that we were all trading crypto, buying egg futures was the way to go. Between blight and warehouse destruction, eggs per dozen have now hit a new ATH!

Crypto itself had a pretty solid week, with Bitcoin climbing as high as $98,623 and Ether briefly touching $2776. It actually outperformed $BTC as the BTCD ratio dropped. It’ll be interesting to see if this morphs into our next attempt at an alt-season (will all depend on how the start of the week goes).

Cardano’s $ADA got some positive news when Grayscale filed for an ETF on Feb 10th (Monday), this led to another rally in one of our favorite cult-coins (maybe vaporwear?). It’ll be interesting to see how this plays out as we expect their to be a secondary wave of hype as ETF’s that factor in staking get introduced in the future (currently underway for $ETH).

The Bitcoin ETF’s continued to look healthy, so while we were all fooling around with altcoins, Charles and Cade were laughing all the way to the bank.

The Ether ETF’s on the other hand, were shaky as usual after some recent massive accumulation.

From the DEGEN corner:

• To answer the last issue, TradeBionic’s trading team DID close the month of January in the positive (4th month in a row), up 8.1% this month!

  • For reference, they are a decentralized hedge fund that pays out 40% of the gains they make each month for their trading fund as Revenue Share

  • While the rest of us are checking our port’s every 10 minutes, this is supposed to keep holder’s stress low by creating consistent cash flow paid out in $ETH to holders

Maybe the MOST exciting new for legacy $ETH ecosystem users is OpenSea’s announced airdrop. YES, there is absolutely a possibility that it could be a huge disappointment (and it was after they initially announced that no U.S. users would be able to participate.

Fortunately, they actually listened to the cries of their constituents pleading with them in the dessert, and they allowed U.S. to receive the airdrop! Which is huge, because that is where a significant amount of their volume came from, even with their fall from grace.

Last issue, we also talked about what the BEARISH Team had cranked out, and their success only continued. With a mint price of 0.055 $ETH on abstract, they have continually smashed goals——even collaborating with Pudgy Penguins (yes, they really did)——since we last mentioned them (yes, we drop some alpha now and then)! NFA of course, I would absolutely take a look at what they are building in the space as well as what Toli and Scotty have done historically (co-founders). For the team at Bearish, the proof is in the pudding.