What’s up everybody, this is Thomas Bahamas and you are here for another episode of Solana Weekly. Where it’s my job to find the biggest stories of the week and try to figure out the implications of what we’re seeing.
As Barry Silbert used to say, it’s gonna be a big week. A big week because the SEC is not going to fight GBTC’s application to convert its trust to an ETF. This is bullish and I think we find out more info. The ripples of this will be seen a cross the whole market.
Sol price: 23.72 up over 10% in the last week and outpacing Bitcoin. That’s right!
SolEth : .0151, up 8 percent on the week. Eth looking terrible, narratives are lacking.
SolBtc up 4%. We like it. And I will dig into why.
ETF Fake out on BTC and we all pump while the shorts get wiped.
MetaMask down.
Saga displaying pmf with a decentralized App Store built into the phone where Apple or google can’t sensor apps.
SunSaga mint went live - need more nfts like this. Small collections, beautifully done. New banner who dis? There is no one better than RGB and I don’t care about the fp.
Seems like nft mints and presales are back? I’m unsure if they are profitable, but my guess is the front running of breakpoint and I’m excited for it.
Cypher protocol coming in hot with an IDO next week. Excited to see how it goes. Kind of fussed to do
It being hacked, but could also be the start of defi 2.0. My guess is we see a pump then a bit of a dump. The sinks on the supply of the token are dependent on usage of the platform and I don’t see it being used too much after it got hacked. But we’ll see.
Marc Andreessen - Techno Optimist Manifesto - must read. Defining the optimistic view and a very in depth breakdown of how technology is going to Save us
https://x.com/pmarca/status/1713930459779129358?s=20
Sollinked.com - so freaking sick.
https://app.sollinked.com/solanaweekly
Email, but paid. I don’t know why but I love this site and think it’s only getting started. You can basically have a decentralized newsletter and Have subscriptions to it. I am subscribed to Toly’s newsletter and have paid $3.15 a month for it. I also got paid a full dollar to respond to an email. I like it and the team seems to be shipping nonstop.
Drop me a line on there and I’ll give you a shout out.
Aperture Ai explanations on a block explorer.
Flipside crypto- just started digging into this, but looks like a sick platform to analyze big data sets. I use looker a lot and will be using this more.
Grayscale - etf conversion no longer going to be fought by the sec. This means that the great gbtc product is likely to be no more. No more premiums or d
Wash trading - stocks 1 month, crypto 0.
Moral imperative to get the fcking money. I see staked sol, ducks and monkeys as the way to get the money.
As always, thanks for joining in!
-Thomas Bahamas
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