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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Roads End who wrote (172319)5/24/2021 5:49:48 PM
From: TobagoJack  Respond to of 217619
 
Think the effort merely camouflage that enables re-pump of BTC

The entire issue might go moot once the second largest mkt cap coin, ETH, go Proof of Stake

We might be at that singular juncture of needing to increase allocations for Ag, ETH, and Pt, and decrease by same amount of Au, BTC, and Pd.

Have done so for BTC / ETH in one go.

Did nothing about Pd / Pt and am not going to, as I never had much Pd (and the swap may be internalized w/i SBSW).

Unwilling to do much about Au vs Ag miners - prefer to stay traditional, but have some PAAS.



To: Roads End who wrote (172319)5/24/2021 5:56:57 PM
From: TobagoJack  Respond to of 217619
 
Am still struggling w/ alleged worth underpinned by ostensible social network effect as opposed to traditional P&L and Balance Sheet factors.

Did execute paper trades for the Coconut and Jack as they wished to re-engage w/ neo finance. But also added DRD for them, along w/ COIN

cointelegraph.com

Cardano sees largest weekly inflows from institutional managers — CoinShares

Environmental FUD concerning Bitcoin seems to be everywhere these days. But is it enticing more investors to seek out proof-of-stake projects?

35 minutes ago
Institutional inflows into Cardano ( ADA) investment products rose sharply last week even as interest in Bitcoin ( BTC) and Ethereum ( ETH) waned, highlighting the growth of proof-of-stake assets amid the latest wave of environmental FUD in the markets.

Institutional investment managers bought $10 million worth of ADA products for the week ending May 24, according to CoinShares. Cardano investment funds attracted more capital than any other digital asset.

By comparison, Bitcoin funds saw an outflow of $110.9 million during the same week. Ether outflows totaled $12.6 million.

Investors poured $5.5 million into Polkadot funds and $7.1 million into multi-asset investment products, CoinShares said.

In the year-to-date, Cardano investment products have drawn $24 million in institutional assets compared with $4.13 billion for Bitcoin and $924 million for Ether.

CoinShares credited environmental blowback against Bitcoin for the sudden pivot towards proof-of-stake cryptocurrencies like Cardano. The fund manager explained:

“Cardano saw the largest inflows of US$10m, which may represent investors actively choosing proof of stake coins based on environmental considerations.”
Bitcoin’s flash crash to below $30,000 last week triggered a tidal wave of selling in the market, as Ether, Cardano and every other major altcoin made new local bottoms. As CoinShares noted, Bitcoin volumes on exchanges surged to $155 billion last week, a new all-time high. Markets appeared to be in recovery mode on Monday, though it’s still too premature to declare a bottom.

ADA was among the top-performing cryptos before the market tanked last week. The cryptocurrency made successive highs as it pierced above $2.00 en route to new highs closer to $2.40.

ADA was up 33.5% to $1.50 at the time of writing for a total market capitalization of $47.9 billion.

Cointelegraph Consulting: DeFi projects launch on Polygon, usage skyrockets

Strolling through the numbers of the Aave and 1inch versions on Polygon as the network gains its momentum.

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In the midst of the hectic crypto market, the gas fees in the decentralized finance (DeFi) sector have skyrocketed, once again highlighting the value of layer-two scaling solutions. Cointelegraph Consulting teamed up with Covalent to discover the numbers behind Polygon, the network that is onboarding an increasing number of decentralized applications, from SushiSwap to bZx.

Aave, DeFi’s lending giant, launched on Polygon this April and has already lured away about 66,000 unique users to the layer-two version. Nearly $12 billion has been deposited since the launch, and over $7 billion has been borrowed. Though what is important is that only $158 has been spent on gas across the entire Aave’s Polygon version.

Notably, the major fraction of borrows involves stablecoins, with USD Coin ( USDC), Dai and Tether ( USDT) making up roughly 60% of borrowings on Aave’s Polygon version. In fact, the breakdown of the borrowings reveals that Aave managed to execute its strategy that prevents users from risky borrowing against volatile assets, which in turn usually leads to liquidations.

Hot off the heels of 1inch Network’s launch on Polygon on May 12, we take a look at its usage as well. 1inch on Polygon has reached almost $18 million in daily swaps by dollar value, with the most swaps denominated in USDT, Wrapped Ether (WETH), USDC or DAI.

There have been nearly 10,000 swaps facilitated thus far. The platform has already facilitated $43 million in swaps, but only $25 of gas was used to swap this amount.



Amid Ethereum network congestion and rising costs, Polygon is gaining momentum due to its astonishingly low transaction fees. With more DeFi projects pursuing multichain strategies, Polygon could onboard more projects in the near future.

For more charts, market signals and carefully curated news analysis, download the full edition of this issue.

Cointelegraph’s Market Insights Newsletter shares our knowledge on the fundamentals that move the digital asset market. With market intelligence from one of the industry’s leading analytics providers, Covalent, the newsletter dives into the latest data on social media sentiment, on-chain metrics and derivatives.

We also review the industry’s most important news, including mergers and acquisitions, changes in the regulatory landscape, and enterprise blockchain integrations. Sign up now to be the first to receive these insights. All past editions of Market Insights are also available on Cointelegraph.com.

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