Bitcoin is great, but real crypto innovation has moved elsewhere

Something is brewing, and those with finely tuned noses can smell it. As traders have come to expect, Bitcoin (BTC) is doing “Bitcoin things” by bouncing around between the usual “key” support and resistance levels, and to be honest, it’s all starting to feel a bit boomerish. Bitcoin’s long-awaited “moon” depended on institutional investor buy-in, breaking the previous all-time high at $19,000 and a set of other firmly held beliefs. Well, all that happened, and the run to $64,900 exceeded many investors’ wildest dreams. But despite this, the entire BTC situation just feels predictable and boring if you are...

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NFT gaming company Animoca Brands acquires majority stake in Bondly

Animoca Brands, a nonfungible token (NFT) game developer, has announced a substantial investment in the NFT platform Bondly. According to a release issued on Friday, Animoca will own a majority stake in Bondly following the investment. Commenting on the rationale behind its investment in Bondly, Animoca chairman and co-founder Yat Siu told Cointelegraph: “We acquired a majority stake in Bondly because it will significantly assist us to drive true digital ownership via NFTs, and we see this as crucial to the future of gaming and the emergence of the open metaverse.” As part of the investment, Bondly’s NFT technology,...

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1/ Bitcoin is trading below its 200 WMA and short-and long-term cost bases for only the fourth time in price history.

These levels have historically marked generational bottoms.

ARK Weekly ⏪

🎧Discussing Our Zoom Valuation:
📥Subscribe to The Bitcoin Monthly:
📄AI Software Market blog: ⬇️

In this month's episode of "In The Know," ARK CEO/CIO @CathieDWood weighs in on the Fed, inflation, deflation, yield curves, interest rates, gold and copper prices, the crypto markets, and more.

Watch our brand new episode here!

Looking forward to sharing more detail tomorrow in our “In the Know” webinar. Old timers in our industry suggest that that the Fed will have to crack down harder to contain inflation. I believe that the Fed already has tripped the switch to deflation. Darkest before the dawn!

On FYI | EP138, @summerlinARK and @andrewkimARK discuss ARK's Zoom valuation ( Listen as they talk through our thesis, expected value, and open-source model!

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