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Hey there 👋,
Digital assets have not performed well over the last week, whereas gold and especially silver have been on a tear:
Not only has silver flipped Bitcoin again but so has Meta in terms of market cap:
It’s good practice to always have something in your portfolio going down as a hedge, but I’m starting to feel like I need the opposite! At least the $MSTR in my pension has been holding strong:
Cheers!
Richard (@richardpatey)
DAI PICKS
Crypto majors Bitcoin, Ethereum and Solana down 2%, 5% and 6% respectively over the last 7 days
Crypto VC Paradigm is raising $750M for a new fund, the crypto industry’s largest raise since the last cycle
The SEC is asking for public comment for Ethereum ETF proposals by Fidelity, Grayscale, and Bitwise
The U.S. Government moves a portion of Silk Road hack funds to Coinbase
Ripple to launch USD-backed stablecoin on Ethereum and XRP blockchains
Make your money rise and grind while you sit and chill, with the automated investing and savings app that makes it easy to be invested.
DOMAINS
I had a call today with a subscriber (hi Danny) who was asking how to price domains. The best I could say was go to Namebio and search for comparables, but I’ve just seen this thread on NamePros which is super useful:
Most domain investors buy at auctions (wholesale) and aim to price up 10x to retail, so don’t feel pressured by brokers if you get a lead:
MEDIA
In this week’s Acquire The Web, Aurelie posted 18 new digital media asset listings across the major marketplaces:
As well as newsletter acquisition news:
CRYPTO
This is typically the part of the cycle where Ethereum starts to outperform Bitcoin, but not this time.
Looking on the monthly chart, ETH vs BTC just broke its previous support from back in June 22, and the next support level is over 40% lower:
The only Ethereum I have this cycle is in a Lil Pudgy and on Blast where I’m farming protocols for points. I’m not holding any spot as that’s what Solana is for:
PURCHASE
Digital Asset Investor Manual is the most comprehensive guide to investing in digital assets. It’s now at over 10K words (no fluff), plus screenshots and videos, all for just $17.
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Disclaimer: Nothing in this email is financial advice and I am not a professional investment adviser. I send weekly updates on digital asset news and what I'm doing personally - consider it informational and for entertainment purposes only. There are likely affiliate/referral links in this issue, please use them :)