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Health, Wealth, and Happiness

February 9, 2024

"Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair."

- Sam Ewing

Howdy, investors!

• Binance just announced an unusual deal with a blockchain game called Pixels. Today we unpack whether you should invest in the PIXEL token.

• Bitcoin is back! The price is recovering from the drop seen following the launch of spot bitcoin ETFs, and currently stands at over $47,000.

• With the U.S. presidential primaries in full swing, Grayscale weighs in on the impact the election could have on crypto.

• Anticipation of a spot Ethereum ETF is growing, and Ark 21Shares has revised its application to include ETH staking. If approved, a spot Ethereum ETF with staking could light a fire under ETH.

Read on to explore more!

Should You Invest In PIXEL?

by John Hargrave

Many people feel there's great potential in play-to-earn (P2E) games. One outstanding example is Pixels, a game similar to Stardew Valley but with blockchain-based rewards. I spent a morning playing, and wanted to share my experience and takeaways.

There's definitely appeal to P2E games in the current economic climate, particularly among younger generations attracted by crypto's promise against inflation. The game is also interesting from a technical standpoint, using the Ronin sidechain to facilitate faster, cheaper transactions for games built on Ethereum.

Ultimately, while you can earn tokens from playing P2E games, I would only play for fun. Investing directly in Ethereum (ETH) is the more straightforward strategy to benefit from the ecosystem's growth. However, P2E games could be huge drivers of that growth.

Read the full article here >>

Must Read

Today's most important stories for crypto investors.

Why is Bitcoin Pumping? Experts Weigh In (Decrypt)

After a rocky start to 2024, bitcoin's price has rebounded above $47,000. This surge is attributed to several factors, including accumulation by large holders. The success of spot bitcoin ETFs, particularly from BlackRock and Fidelity, has contributed to renewed interest, alongside a general appetite for technology investments. Long-term, BTC still looks like an excellent investment based on current analysis.

2024 Election: The Role of Crypto (Grayscale)

The Grayscale survey on the 2024 U.S. election highlights voter concerns about inflation and financial stability, making bitcoin a potential talking point. While 46% of voters are awaiting clearer regulation before investing, the survey reveals a substantial interest in crypto, especially among younger voters. While Republicans are generally signaling a bit more openness to crypto than Democrats, it's anyone's guess how the next President will treat it.

Ark 21Shares Amends Spot Ether ETF Proposal to Include Staking Language (Blockworks)

The Ark 21Shares spot ether ETF filing has been updated to include potential provisions for including staking. This is a big deal: unlike bitcoin ETFs, Ethereum held in ETFs can be staked, potentially paying ETF holders with interest-like staking rewards. Including staking could also attract institutional participation, dramatically increasing demand for ETH. It would certainly change the staking industry. Time to load up on more ETH?

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Best Bitcoin Banks, Rated and Reviewed for 2024

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True Stories of Diamond Hands

Everyone said sell. These people held.

The Future of Binance Under Richard Teng

Who is this guy replacing CZ?

Our Top Tokens: Blockchain Investor Scorecard Roundup

The top 3 tokens over the past five years.

Chart of the Day

What can we expect from the bitcoin halving event?

With roughly two months to go until the fourth bitcoin halving event, we decided to look at the historical performance of bitcoin around the previous three events.

As the chart shows, pullbacks in the months leading up to the halving are not uncommon, while rallies after the event are common. It's also worth noting that volatility increases before the halving event and decreases afterward. And there has been a noticeable downtrend in volatility over the past few years.

We also found a consistent increase in average daily transaction volume post-halving, suggesting heightened market activity and possibly increased adoption or speculative trading following these events.

History favors bullishness for bitcoin post-halving, which is worth keeping in mind as we head into this historic time.

(Thanks to Your Tango)

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