8th April 2023 - Degens.
tl;dr
The Fire extension is a must for degens, whilst German shares get the crypto makeover.
Market Snap
Market Wrap
The most stable asset, for now, is BTC, which pleasingly has vastly outperformed all other assets in 2023, especially stocks. The leveraged children just don’t get it. With perpetual futures funding rates in negative territory, any approach towards $30k is very likely to see a cascade of liquidations propelling us higher. I know we all enjoy a short squeeze.
Curious Cryptos’ Commentary – A bit of help for the degens
This is a very handy tool when using MetaMask to interact with DeFi (Decentralised Finance).
Download the extension and add it to your Brave or Chrome browser.
Next time a DeFi app asks permission to interact with your wallet, this handy little extension tells you in plain English what the actual effects of the interaction will be. To demonstrate how it works there is a simple game (https://mint.joinfire.xyz/) to play. The idea is to find the one Fire NFT (non-fungible token) and not the four REKT NFTs.
Click on one of the five options, and the Fire extension will show you which NFT you could mint:
This is just such a brilliant tool all degens need to have it.
Curious Cryptos’ Commentary – Crypto adoption
Cryptos are becoming part of the financial mainstream.
The German Ministry of Finance will introduce a new piece of legislation that paves the way for the issuance of “crypto shares”.
All AGs in Germany will have the choice of issuing shares as paper certificates (I suspect that won’t be the most popular option), or as electronic shares.
Electronic shares will come in two flavours – either stored on a central register as happens now or on a blockchain. The advantages of the latter are legion compared to a centralised database.
Crypto adoption is happening right here, right now.
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