JUL 15, 2021 • 5 Min Read
BTC and ETH are heading back into the range low as sellers chose violence in every session (Asia, Europe, and NA) today. Another move to the range lows is far from ideal, and increases the probability of another leg lower (which we analyzed here). Crypto sweethearts AXS and SAND had another monster day, but have retraced a decent chunk of their moves since.
Note: In Tuesday’s edition (July 13) we incorrectly charted the performance of passive Uniswap v3 LP vaults. You can find the corrected chart at the bottom of today’s post.
Tokemak announces token details; launches public Discord server.
— TOKEMAK (@TokenReactor) July 15, 2021
DeFi is eating CeFi.
% of total open interest (all strikes) for @ribbonfinance vs Deribit
Ribbon’s ETH open interest is 38.3% of Deribit’s total ETH open interest pic.twitter.com/QHYKoRso2B
— Ken Chan (@kenchangh) July 14, 2021
Delphi’s Jonathan Erlich breaks down the staking market and its potential.
Staking already is and will continue to become an increasingly important market within crypto (h/t @natluu).
Let’s explore ?https://t.co/mmO85MlzwD
— Jonathan E. (@JonathanErlichL) July 14, 2021
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