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Health, Wealth, and Happiness

February 21, 2024

“It is better to be roughly right than be precisely wrong.”

- John Maynard Keynes

Howdy, investors!

If we get our way, we'll have a spot in Ethereum ETF by this summer. But how will such an ETF be structured, and will it be better than just owning ETH? Find out in today's feature.

Do you like diversifying into crypto-related stocks? Then, you'll want to read today's bullish take on Marathon Digital ($MARA) from Seeking Alpha.

One of the big winners from the new spot bitcoin ETFs is Coinbase ($COIN), which looks to benefit from its increasing role in custody services.

While there have been claims that airdrops are becoming oversubscribed - and thus less appealing - at least one airdrop farmer believes there will be plenty of opportunities in 2024.

Read on!

Ethereum ETFs: Your Guide to the Next Big Crypto Investment

by Matthew Du

After introducing bitcoin spot ETFs, all eyes are on a potential Ethereum ETF.

If approved, it will be a huge moment for Ethereum, allowing investors to easily add Ethereum to their portfolios without managing crypto wallets: it will bring ETH to the masses.

However, Ethereum ETFs will look much different than bitcoin ETFs. Ethereum offers rewards in the form of staking yields, similar to dividends in the traditional financial world, which bitcoin doesn’t have. ETH also has utility outside of its investment potential – you need it to run transactions on the Ethereum network.

In this guide, we’ll walk through Ethereum ETFs from start to finish, with particular attention to that key question: should you invest in them?

Learn more in our guide to Ethereum ETFs >>

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New Risk Scorecard: OKB

OKB serves as the utility token for OKX, one of the biggest cryptocurrency exchanges on the market. OKX provides financial services catering to average investors and experienced traders and claims to process six million weekly transactions.

Alongside the exchange's success, its utility token OKB has enjoyed a volatile upward trend since its inception in 2018.

In this companion piece to the OKB Investor Scorecard, our analysts look into the potential dangers of investing in this utility token. Is OKB worth the risk?

Premium members can download the OKB Risk Scorecard here to find out what our analysts say about an investment in the token.

Not yet a Premium member? Sign up now and get access to our complete library of tools and tips to make you a better crypto investor.

Must Read

Today's most important stories for crypto investors.

Marathon Digital: The Bitcoin Miner To Own Before Halving And Elections (Seeking Alpha)

You might have missed it, but we've seen a surge in bitcoin mining stocks (check out our 2024 guide to learn more). With the upcoming halving and presidential election, many expect bitcoin to rally, and one of the best-positioned companies is Marathon Digital ($MARA). Accordingly, Marathon Digital (MARA) has ambitious expansion plans, which are expected to benefit the company further. If you like holding some bitcoin-related stocks, jog through this report on Marathon.

At the Crossroads: Bitcoin ETFs & Coinbase (Coin Metrics)

Coinbase, as the custodian for most of the new spot bitcoin ETFs, faces both opportunities and challenges in this evolving landscape. Their Q4 2023 earnings showed a notable increase in transaction revenue, driven by improved market sentiment and a rise in retail trading volumes. The introduction of spot bitcoin ETFs and anticipated spot Ether ETFs presents both opportunities and risks for Coinbase's business model. Worth a read for $COIN investors.

Maximizing Airdrops In 2024 - An Interview w/ CC2 Ventures (On Chain Times)

2024 has the potential to be a significant year for airdrops, according to experienced on-chain farmer and airdrop expert CC2 Ventures. The discussion also covers the ideal distribution for airdrops, the effort required for EVM and non-EVM chains, and the effectiveness of airdrops in bootstrapping user bases compared to ICOs. CC2 believes 2024 will be the "golden year" for airdrops, suggesting investors on the sidelines may want to start participating.

Chart of the Day

Will Tron revenue overtake Ethereum?

Courtesy Token Terminal

Just like companies, revenues are an important metric for blockchains: higher revenues typically point to a stronger blockchain and ecosystem.

Ethereum has long been the leader in generating revenues, but it could soon come under fire from competing Layer 1 blockchain Tron.

While there have been times when Ethereum revenue dipped enough to briefly see Tron as the leading revenue-generating blockchain, this time is different as we are now witnessing Tron revenues increasing dramatically.

This revenue increase began on February 5, when the Tron DAO passed Proposition 83, allowing for dynamic energy fees in smart contracts (explained here). Tron's revenue has doubled since then, and shows no sign of slowing.

Concurrently, the price of TRX tokens has been rallying, up 28% over the past month.

ICYMI