Before you read the rundown below, don’t let sad thumbnails or low prices distract you from exciting developments underway in the crypto market.

Mark, some altcoins are still down 80%!! 🤬

I get your point. Would you rather wait until their prices double or triple? Now’s a great time to jump into quality projects. After we get through this choppy phase, the market will recover quickly.

I've pinpointed a specific altcoin with massive potential and compiled a comprehensive report about it. This detailed report will equip you with invaluable insights to make a good investment decision and assess whether this project aligns with your investment strategy.

Access to this report is exclusively for premium subscribers on August 24, 2024.

If you're eager to get this report directly in your inbox, join the premium Crypto is Easy community right now.

Who’s still here? Anybody? Bueller?

Ah well. A new batch of degens will come sooner or later.

As noted in my market update from August 14, 2024, we saw a flicker of new interest—a rise in searches and new addresses, reversing months-long trends. Catch the update for more on that.

I’ll discuss this further in future updates and keep you up to speed on all the developments that matter.

Look for the monthly issue this week, a new altcoin report on Saturday, and more goodies later this year. Scroll down for some content you may enjoy.

You can reply to this email to contact me directly. Or, use this button to leave a comment at the bottom of any post.

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Chart of the Week

Has the Dust Settled?

For those interested in how crypto fits into US markets and how the US economy might matter for your investments, catch a recent Blockworks podcast, Has the Dust Settled?

This is not a “macro” newsletter but I’m aware of how much it matters. The guys at Blockworks will set you straight.

Note their observations about how investors and traders reacted to last week’s financial news. It’s amazing how many crypto commentators have expertise in foreign currency markets, central bank programs, and geopolitics.

Not two weeks ago, Jump was crashing the markets, Iran was about to bomb Israel, the Yen carry trade was unraveling, Tether was about to collapse, the US economy was going into recession, and your’s truly wondered if Justin Sun was about to get arrested.

Today, liquidity has bottomed, inflation’s dead, and Q4 will bring riches.

Was it all a dream?

Bitcoin ETF Investors: Full List of Institutional Holders

Have you heard about all the institutions buying up huge stakes in Wall Street’s Bitcoin ETFs?

No, neither have I. That’s not happening.

The last time I reported on this, only 15% of ETF buyers came from entities that report 13Fs, a requirement that only applies to institutional buyers.

(The other 85% come from Aunt Sally, Uncle Morton, and the Pickleball Crew getting their 1-3% allocation and Billy the Neighbor trading his way to Lambos.)

CCN posted a list of entities that own any of Wall Street’s Bitcoin ETFs. It’s an interesting batch of buyers.

Oh, and don’t worry that “only” 15% of ETF inflows represent institutions. That 15% totals more than $2 billion.

That’s no small sum—and until this year, it didn’t exist.

Don’t be sad because institutions aren’t buying a lot. Be happy that they’re buying at all! A little for them is a lot for us.

(Until they sell.)