The 12th edition of our curated newsletter.
In today’s newsletter we look at:
- Tesla sold some of its’ Bitcoins
- Stablecoins for dummies
- Between cultures and trust in crypto
- Uranium finance explosion
- Alarming M2 velocity numbers
- How DeFi protocols benefit NFTs
The End of the Bull Market?
Tesla Sold Some of Its Bitcoin, Making $272 Million.
Earlier in February, the company has purchased $1,5 billion of crypto, and first-quarter reports suggest that the company sold 10% of that amount. You might be wondering why a public company would invest in such an asset? Well, they are looking for more profits. According to CFO Zach Kirkhorn, the company wanted to earn a yield on its excess cash in a low-interest-rate environment.
Here’s What You Are Buying
Stablecoins Are Easy To Understand
The use of stablecoins has skyrocketed over the past year. Yet fewer and fewer people seem to understand how these stablecoins work. In this article, Haseeb Qureshi provides illustrations showing how simple stablecoins are.
Who Actually Buys Bitcoins?
Uranium Finance Exploded Again
At least $57,000,000 was taken due to a simple mathematical error introduced in UraniumPair contracts that were forked from the Uniswap v2. Earlier this month, Uranium Finance already underwent the last exploitation of its rewards contract when they introduced vulnerabilities into the MasterChef contract.
Crisis Behind the Scenes?
M2 Velocity Is on the All-Time-Low
The latest quarterly results of US banks were good, even great. But they highlighted a phenomenon that has been growing since the sub-prime crisis in 2008. While the Fed is frantically printing new banknotes and while commercial bank deposits are skyrocketing, credit growth remains sluggish.
Dmitriy Berenzon discusses why DeFi protocols benefit NFTs, outlines several financial use-cases leveraging NFTs, and explores what the future of NFT assets might look like.
This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.