Cheap Money Corrupts Everything

Aug 30, 2023 | Chainletter

On-chain activity is bearish, but there is better news from the US courts and the technical picture remains constructive. We argue that loose money is behind a decline in standards, and blockchain technology provides an answer. Meanwhile, Twitter (X), Shopify and Columbia explore use cases.

Technical             Muddled short term, constructive long term

On-Chain             Crypto winter confirmed as momentum turns bearish

CryptoVerse        Twitter, Shopify and Columbia get involved, the US taxman sows confusion

Macro                  Grayscale has a good day in court, cheap money corrupts everything

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