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Never Been More Excited For the Future of Crypto
Why Q2 was one of the best quarters crypto has ever experienced - despite the price decline
Hey DEFI TIMES community,
Q2 has been a crazy quarter. We’ve seen everything from insane price pumps, market crashes, to meme coin hypes.
However, despite the recent price crash, Q2 was one of the best quarters crypto has ever experienced. Why? Ryan Selkis describes this in his recent Twitter thread.
Q2 had amazing milestones we never imagined to happen during the past years:
Wall Street entering crypto
Institutions showing real interest
Of course, there were also pretty negative events in Q2 - as the China FUD. Or was it really negative?
Well, China banning Bitcoin has been a long-awaited event. We have been expecting it for years. China’s uncertainty has been a continuous source of FUD, which has been completely eliminated - for now!
In fact, miners leaving China have also increased the overall environmental friendliness of Bitcoin mining - some of the dirtiest mining was happening in China.
Q2 was one of the best months in crypto’s history so far.
It’s only up from here?
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German Crypto Law
New German crypto law could bring as much as $415 billion into the crypto industry.
Jack and ETH
Jack Dorsey remains an ETH skeptic - even though Twitter released NFTs on Ethereum!
Nansen + a16z
Nansen, a popular blockchain analytics platform, has raised $12 million in a funding round led by a16z.
Crypto.com has enabled USD deposits!
Hermez Mobile Wallet
Hermez Network has released its first mobile wallet for users. It lets mobile users easily transfer tokens on layer 2.
Lyra on Optimism testnet
Options AMM protocol Lyra launched on Optimism Kovan testnet. It will host a trading competition starting in about two weeks.
Binance + Polygon
Binance now supports Polygon deposits!
Coinbase USDC savings
Coinbase has added a USDC savings product that earns users 4% APY upon USDC deposits.
Compound Treasury launched for businesses and institutions to access DeFi - It offers 4% APR on USDC.
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DISCLAIMER: All information presented above is meant for informational purposes only and should not be treated as financial, legal, or tax advice. This article's content solely reflects the opinion of the writer, who is not a financial advisor.
Do your own research before you purchase cryptocurrencies. Any cryptocurrency can go down in value. Holding cryptocurrencies is risky.