Health, Wealth, and Happiness |
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| "If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed." - Edmund Burke |
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| Howdy investors!
Crypto is coming to Swift. And that means it’s coming to banks.
Swift has been working hard to upgrade its technology to the blockchain space. In its recent experiment, announced this week, it partnered with Chainlink (LINK) to test payments from banks to blockchains.
In today's feature article, learn what this means for the global banking system. The TL;DR is that if Chainlink were a traditional company, it would be well-positioned to play a major role in the global financial system within a few years.
Less exciting is the news from the SEC, which has announced it will be delaying its decision on several spot bitcoin ETF filings. No surprise, given the SEC's track record, but we continue to watch and wait.
Let's jump in! |
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| Investor Takeaway: Banks know Swift. They trust Swift. They use Swift... even if it’s not exactly, well, swift. If Swift can connect to crypto, banks will use it, bringing crypto within the reach of everyone. It looks like that’s the shape of things to come. And heads up, crypto investors: Chainlink (LINK) will play a part.
The Swift network is anything but.
Back in the 1970s, when the Swift global payments system was first launched, it was quite speedy compared to the other ways of sending money. But Swift hasn’t evolved much since then, and today, international payments still take between one to four days to clear.
Not exactly “swift.”
However, all that is about to change because Swift is getting ready for crypto.
Click to learn about the new Swift/Chainlink experiment>> |
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| Premium Power-Ups Level up your crypto investing game. |
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| We've long advocated for using metrics like Daily Active Addresses (DAAs) as the gold standard for evaluating the utility and growth of any blockchain.
In this downloadable Special Report,you'll learn how blockchain users affect price, how to evaluate daily blockchain activity, and the value of using this metric as part of your token analysis.
We've even taken the time to analyze DAAs across the top five L1 blockchains, showing whether they are getting enough user traction to make them worthwhile long-term investments.
We concluded that major announcements and news in the cryptocurrency world tend to negatively impact the number of daily active users on a given blockchain. The key behavior to watch is whether these projects retain these new users or gradually fade away. Retention is key.
Note that this report is only accessible to our Premium Members:click here to download.
Not a member? No worries! Sign up today to access our complete library of webinars, crypto scorecards, and other member-exclusive content. |
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| | | Must Read Today's most important stories for crypto investors. |
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| Investor takeaway: Due to a halt in Paxos mining, Binance has announced a gradual end to support for native stablecoin, BUSD. The phase-out will affect various Binance products from September to December, although some services like deposits and withdrawals will continue on specific blockchains.
This news comes amid Binance facing multiple global regulatory challenges, and while this could seem like a significant downswing, it looks like they are still releasing financial products. We're still holding BNB, and holding our breath. |
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| Investor takeaway: The SEC has postponed its decision on spot Bitcoin ETF applications from major firms like Invesco, Fidelity, Valkyrie, Bitwise, and WisdomTree. The SEC's new deadlines for reviewing these applications range from the end of this week for Bitwise, to mid-October for others.
The conversation about bitcoin ETFs has been volatile, likely also affecting bitcoin's volatility, causing the price to drop to $25,900 after its recent rally to $27,100. Someday, our ETF will come. |
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Best Stablecoin Interest Rates The best rates for staking and lending stablecoins this week. |
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| | ICYMI In Case You Missed It |
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Chainlink feelin' pretty good today. |
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