Weekly Beluga Insights

Beluga is happy to report yet another green week for the crypto markets, with Bitcoin tapping the $38,000 line on Thursday. In a big win for Ethereum maxi’s, Ethereum has finally been given some love this week surging over $2,000 and towards its yearly high of $2,146. A major driver of this move is news of Blackrock having filed for a spot Ethereum ETF as confirmed in a NASDAQ filing, which for readers of our previous insights should come as no surprise!

While the majors are pumping we’ve seen a pullback across alt coins as liquidity consolidates to the top. For coins such as STG (Stargate Finance), this represents a buying opportunity. Not only do alt coins tend to rebound off of consolidation pumps like this, but STG has been at the forefront of a lot of headspace recently as hype for the Layer 0 airdrop continues to grow. This combination of attention and fundamentals moves the Beluga team to look to buy this dip.

Quick Quips: Catch Up on What You Missed

• FTT Token jumps 80% on back of Gensler comments.

• Lighting debacle leaves Bored Ape Party goers blind.

• Blackrock leading the way for ETH Spot ETF.

• Gemini is curbing their UK operations.

Solana Breakpoint 2023 Recap

A Beluga team member attended the Solana Breakpoint conference in Amsterdam last week, and with the recent SOL price action there was some serious excitement. Below is a quick recap of the biggest updates and announcements from this year!

• Partnership with Google Cloud to integrate Solana data into BigQuery for advanced analytics

• Support for Solana on AWS Blockchain Node Runners to simplify deployment

• Jump to launch of Firedancer testnet, a new high-performance Solana validator client

• Open beta launch of GameShift, a gaming development platform on Solana

• Launch of Sling, a P2P payment app developed on Solana

• Migration of Render Network and Helium Network from Ethereum to Solana

• StakeNet Release by Jito Labs

• Release of new Solana Web3.js to enhance developer productivity

• Solana Breakpoint 2024 announced for September in Singapore

Did you know?

Two years ago in November, 2021, Bitcoin reached its all time high price of $69k. Are we headed back there now?

Chart of the Week

FTT sending it to the moon right now off rumors the exchange will be rebooted under new management.