Weekly Recap - $900M in NFT Sales as CryptoPunks go stratospheric (Get Smarter in 5 Min)
Crypto Market at $2T, pauses to catch a breath. Almost $400 million spent on CryptoPunks (in 30 days). Cardona Smart contracts launch still on schedule
💡What’s in it for Me: Get Smarter in 5 Minutes
Hi everyone 👋. Welcome back to ‘The Weekly Recap’, where I curate a reading list of insightful articles, market updates & bite-sized learnings nuggets to get you caught up for the week. If you're reading this and haven't signed up, join the 215+ others by clicking below, and to the regular readers, thank you. 🙏
🧠Quote of the week
If there is anything Iron Man has taught us - Sometimes you gotta run before you can walk!! That’s a bit like how I feel about my Newsletter & Youtube channel. Don’t overthink it.. 🚀
📚Here is what I liked reading
5 Habits of People Who Refuse To Be Mediocre - (MUST READ) Escaping mediocrity is hard, but it’s the best thing you’ll ever do for yourself.
Blockchain applications (use cases) that will change the world in the next 5 years- The next half-decade will see mass adoption of blockchain technology.
High Achievers Are People Who Break Rules and Ignore Trends - Be a creator, not a consumer. Be a leader, not a follower. Commit to what you’re great at.
Explanation Effect: Why You Should Always Teach What You Learn: It is a peculiar irony in life that the fastest and best way to learn something is to give it to others as soon as you learn it — not to hog it yourself.
Fake online reviews cost $152 billion a year. Here's how e-commerce sites can stop them - While there are well-intentioned valid users creating online reviews, there are also malicious users and bots.
🔥Crypto Market Update
Total Crypto Market cap remained flat at 2T. Bitcoin was relatively flat, while the other coins had some winners(BNB,SOL) and some losers (XRP, DOGE, DOT). Some new capability launches ahead with Cardona launching the much anticipated smart contracts in Sep.
Record $900 million month for NFT sales as CryptoPunks go stratospheric. Almost $400 million has been spent on CryptoPunks over the past 30 days. The average sale price for the pixelated punks is a whopping $214,000. One of the most expensive ones ever sold was number 7523, a rare alien punk wearing a face mask that went for a whopping $11.5 million in a Sotheby’s auction in June.
Crypto is embracing aspects of regulation - Cardano Getting Regulated: The Cardano Foundation announced on August 24 that it would use Coinfirm's services to offer AML/CFT analytics for Cardano's native cryptocurrency, ADA. The analytics will allow the project to comply with the Financial Action Task Force, the European Union's Sixth Anti-Money Laundering Directive, and other legislation.
🙋♂️Term of the Week - “Over The Counter (OTC)”
It refers to the process that cryptocurrencies are being traded outside an exchange directly between two parties. People usually opt for OTC as some coins are too small to be listed on exchanges or the cryptocurrencies are banned in certain jurisdictions.
🤣Just for Laughs
That's all, folks. 👋
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🚨Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.