Pride and Enji

Market Report: 26th Feb. 2019— Subscribe to our newsletter.

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OUR TWO SATOSHIS

The daily view from our desk

In what looks like a deleted scene from Lost, a whale carcass has been found in the middle of the jungle (well 15 m from shore). In more news of animals turning up in unexpected places, this snake travelled over 9000 miles to end up in a woman’s shoe in Scotland, not exactly the gold coast. And if you want to cheer yourself up in these dreary times, why not watch flat earthers debunk themselves on Netflix.

PRIDE

XRP FANS ARE PROUD EVEN WITHOUT A PUMP

While bitcoin and ether barely moved over the past 24 hours, the alts market has been giddy with excitement. And we’re not even talking about XRP’s long-awaited addition to a popular exchange. After all, Ripple’s token doesn’t even make the cut to the top 10 best 24 hour returns from the top 100 cryptoassets by market cap. On the other hand, there’s finally a top 100 coin doing +100% in a day!

ENJI

“OUR ENJI OF OTHERS DEVOURS US MOST OF ALL”

What caused Enji, an Ethereum-based token that facilitates the trading of blockchain-based game items, to pump 150% to 200% yesterday? Some, like Delphi Digital, a digital asset research firm, claim a 35-page report they published last week raised awareness. But it seems a Samsung-related rumour is behind the bulls. Jacob Canfield explains the story and urges caution.

WHAT YOU CAN’T MISS TODAY

DON’T LEAVE FOR THE WEEKEND WHAT YOU SHOULD READ TODAY

▪ Tuur Demeester, Tamás Blummer, and Michiel Lescrauwaet shared a “primer on Bitcoin investor sentiment and changes in saving behaviour”. Must-read!

▪ Diar’s latest issue analysed Bitcoin’s on-chain data and concludes “addresses holding between 1 to 10 BTC represent nearly 10% of the circulating supply”.

▪ Tjeerd H., a Dutch cryptoasset trader, was attacked in his home by a “group of robbers disguised as the police”. Watch out for the worse kind of bears!

▪ Kevin Zhou from Galois Capital explains how the “design and implementation of trading algorithms in the crypto space” works. Another must-read here.

▪ Lastly, Daniel Jeffries new post explains ”why privacy coins will rule the next bull run”. Check the great “Surviving Crypto Winter — Part Three” here.

QUOTE OF THE DAY

WRATH BUFFET IS IN THE BLOCK

“You can stare at it all day, and no little Bitcoins come out or anything like that. It’s a delusion, basically.”

By Warren Buffet