Health, Wealth, and Happiness |
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“Persist – don’t take no for an answer. If you’re happy to sit at your desk and not take any risk, you’ll be sitting at your desk for the next 20 years.” - David Rubenstein |
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| Howdy investors!
If you're holding ETH and you're not staking it... why not? Learn what you need to know about ETH, staking, and building wealth in our guide to Ethereum Staking Yields: How to Maximize Your ETH Returns.
In recent news, crypto markets went crazy this morning when a crypto news outlet reported the SEC's approval of BlackRock's spot bitcoin ETF... which wasn't true. Bitcoin surged more than 10%, and unraveling shorts led to the liquidation of nearly $79 million in short positions minutes before the news was retracted.
On the brighter side, Bloomberg analysts are now pegging the likelihood of a bitcoin ETF at 90%. This optimism is fueled by the SEC’s constructive engagement with applicants. We'll explain what this means for investors below.
Finally, leading DeFi platform Uniswap is introducing Know Your Customer (KYC) checks. This move could impact the user experience, requiring more steps for identity verification before trading -- but could also make Uniswap a more compliant platform, and thus a better investment.
And now, let's jump in! |
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Ethereum Staking Yields: Maximize your ETH Returns by Preetam Kaushik |
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| Investor Takeaway: We’re always looking for ways to put our investments to work. Ethereum staking is one of those ways, allowing you to take crypto and use it to generate potential returns. Our philosophy is that HODLing + staking = the best long-term rewards.
We’ve talked in previous newsletters about crypto staking–what it is, why you might want to do it, and the benefits (and pitfalls) of the practice. While there are a lot of different opportunities for staking in the crypto space, Ethereum is often touted as a solid, reliable way to generate wealth via crypto, for those ready to "stake and hold" for the long term.
In this article, we’re covering the latest on Ethereum staking, as well as the highest rates as of October 2023.
Read on for the best Ethereum staking rates and opportunities >> |
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| Premium Power-Ups Level up your crypto investing game. |
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| ETH Staking Workshop
Become a Premium member and get access to our best crypto investing content, from crypto rating scorecards to exclusive webinars and workshops.
Today, we're unlocking one of these workshops on ETH staking. |
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| While the workshop was held pre-Merge, our core investing principles still make this worth watching, especially after reading today's feature article.
Premium Members have access to all our investor workshops here. If you're not a member, click here to join today! |
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| | | Must Read Today's most important stories for crypto investors. |
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| Investor Takeaway: Bitcoin's price briefly surged close to $30,000 due to false rumors about BlackRock's approval of a bitcoin exchange-traded fund (ETF). A tweet from Cointelegraph, later deleted, claimed that the U.S. Securities and Exchange Commission (SEC) had approved BlackRock's iShares Bitcoin Trust ETF, causing a rapid market reaction. However, the information needed to be corrected, and BlackRock confirmed that their ETF is still under SEC review.
The incident underscores the market's sensitivity to the approval of a bitcoin ETF, eagerly awaited by investors. If you believe the BTC ETF is going to happen, then now could be a great time to buy. |
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| Investor takeaway: Bloomberg analysts have increased the likelihood of the SEC approving a spot bitcoin ETF to 90%, anticipating approval by January 10. There are also high expectations for the approval of an Ether ETF.
Investors can take away a heightened optimism for approving a spot bitcoin ETF fueled by the SEC’s constructive engagement with applicants like Ark Invest. Again, if you believe an ETH ETF is going to happen, now could be the time to buy. |
| Investor takeaway:Whales, or individuals or entities holding substantial amounts of digital assets, significantly influence the market.
Various tools, like Candlestick, Nansen, and DeBank, are available in 2023 for effective whale wallet tracking, each offering unique features such as on-chain activity tracking, wallet profiling, and actionable analytics.
While we don't recommend copying the trades of whales (by the time you copy, it's probably already too late), it can be helpful for identifying promising long-term assets. |
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| Investor takeaway: Uniswap is undergoing an upgrade and has opened code suggestions to the community, leading to debates around introducing Know Your Customer (KYC) checks and whitelisting features.
This move could impact the user experience, requiring more steps for identity verification before trading. On the other hand, it could make Uniswap more compliant, making it an even better long-term investment. |
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| | | Long-Term Wealth $1K invested at today's market prices |
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| This asset | invested 5 years ago | is now worth | | Bitcoin (BTC) | $1,000 | $4,374 | | Ethereum (ETH) | $1,000 | $3,658 | | Uniswap (UNI)* | $1,000 | $727 | | BNB Chain (BNB) | $1,000 | $15,485 |
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| Note: The future may look different from the past. Please invest carefully. * As UNI is less than five years old, we calculate from the launch date (Sep 2020). |
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| | ICYMI In Case You Missed It |
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| Blockchain Basics Explain Like I'm 5 |
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| BMJ Basics How To Take The Long View In #crypto |
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| | | Share This Meme Copy, paste, and post |
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| Kermit's not wrong. (Thanks to juststakeit on Tenor.) |
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| Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Steve Walters, Gerald Jackson, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.
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