Offchain: You Say Meme, I Say Community
CoinJar Blog
by Luke at CoinJar
6d ago
Crypto is having its memecoin moment. Is it a tribute to crypto’s fundamental emptiness or a celebration of its enduring community? Yo brah, don’t know if you’ve noticed but memecoins are going fkn off chops right now. PEPE is up 800% in a month. In the same period, SHIB has tripled in price, dogwifhat (WIF) is up more than 500% and FLOKI has done the same, while also taking over a billboard in Times Square. Solana, which briefly crossed US$200 per token, is giving birth to literally thousands of memecoins every day (not a typo) and AVAX ain’t far behind. People are sending millions of dollar ..read more
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Onchain: A W, an L, and something in between
CoinJar Blog
by Naomi
2w ago
But as they say, one should always deliver the bad news first, so here we go. Story One Wormhole's W airdrop more of an L? If there were an Oscar for giving free money to the wrong people, Wormhole would be a top nominee.  As a protocol in the back, Wormhole connects multiple blockchains, including Ethereum, BNB chain, Solana, Polygon, and Oasis - enabling token and NFT bridges, cross-chain oracles, and other messaging apps.  Until recently, Wormhole was best known as a top DeFi hack with a $320 million exploit of its flagship product. Nomen et omen. If your product is called someth ..read more
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Offchain: Can We Get Much Higher?
CoinJar Blog
by Luke at CoinJar
3w ago
A new Bitcoin ATH has arrived, way ahead of schedule. So, what’s going on? Normally, in these newsletters, when I’m admonishing you to remember that “history doesn’t repeat” it’s to remind you all to rein in your expectations because there’s no guarantee that just because something went 10x last time doesn’t mean it’s going to happen again and that when it comes to investing you should always be prepared for Bad Things to happen. Well, now I get to say it because a Good Thing has happened instead. Two days ago, Bitcoin sauntered up to and then briefly surpassed its 2021 all-time high, a might ..read more
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New CoinJar Features Alert: Search, Sort, and More!
CoinJar Blog
by CoinJar
3w ago
We're delighted to announce the launch of highly requested features on CoinJar's web and mobile apps, designed to streamline your crypto management experience: CoinJar mobile app Search and Sort Functionality: Seamlessly search and sort crypto when you buy, sell, send, convert, and in your Accounts view. Sorting options include sorting by trending crypto, market movers, and market cap. If you’re converting or sending crypto, you can also sort alphabetically or by balance available in your account. Improved Account Sorting: Accounts are sorted in descending order by fiat valuation by default ..read more
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Onchain: It's giving Bull
CoinJar Blog
by Naomi
1M ago
This week, it's all about number go up, which hints at a bigger trend: the bull market making a comeback.  Story One MetaMask nears record users  While Bitcoin has already passed it's all-time high in countless countries with weak national currencies, such as Japan, MetaMask is still on its way to the promised land. Recently, the team behind the most-used wallet extension shared that their active user count was on track to reach its highest since January 2022, when 31.7 million users relied on the wallet to get drained their trades done.  MetaMask's monthly active users have st ..read more
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Offchain: Four Big Trends For 2024
CoinJar Blog
by Luke at CoinJar
1M ago
A quick tour through four areas that could really give this bull run something to holler about. Last issue I was writing about the arch-cynic’s take on the coming bull run. The basic argument was that crypto tech and culture hasn’t sufficiently advanced since the last cycle, leaving this one to coast to new highs on vapours and the dumbest of dumb money. Click the green button and stop asking questions. But that’s over-simplifying things. A year of scandals couldn’t kill crypto and it certainly didn’t slow down the pace of launch and innovation coming from the developer community. And hey, wh ..read more
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Onchain: Laser eyes, Sysiphus, and Pandora's box
CoinJar Blog
by Naomi
1M ago
Story One Laser eyes Laser eye's making a comeback wasn't exactly on my 2024 bingo card. Life is full of surprises, and so is Joe Biden.  On February 11th, he posted a picture of himself featuring laser eyes referencing a conspiracy theory that stated the Super Bowl (the major media event where 22 men run after a Papaya-shaped ball and tackle each other ruthlessly) would be rigged to make sure that the team with Taylor Swift's boyfriend wins - so that she could endorse Biden for president.  Conspiracies aside, the crypto crowd quickly called this cultural appropriation. After all, l ..read more
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Offchain: The No Expectations Bull Run
CoinJar Blog
by Luke at CoinJar
1M ago
The next bull run is taking shape. All it’s missing is a reason to actually happen. Last week crypto fund manager Travis Kling kicked off a furious conversation with his provocatively titled thesis for the coming bull market: A Lack of Pretense That Any of This Shit Does Anything or Will Ever Do Anything. If you haven’t seen it yet, I recommend you take the time to read the whole thing. I usually greet lengthy Twitter threads with the kind of energy I might bring to a second cousin’s funeral, but Kling makes a compelling case for both the fundamental uselessness of crypto in the year 2024 and ..read more
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Offchain: 4 Things I Want Less Of Next Bull Market
CoinJar Blog
by Luke at CoinJar
2M ago
The ETF has arrived and we’re working out what comes next. While we wait, I’m gonna yell at the clouds for a bit. Alright, the ETF dropped, price went up, price went down. It’s never nice when you cede ground, but at a mere 20% this could only possibly be described as a market dip for ants. Let’s drop the BTC price into the teens again, just so we can really feel alive. Short-term price gyrations notwithstanding, it’s hard not to feel like forces are coalescing in that fizzing, crackling way that suggests silly season could soon be upon us once more – with all the good and bad that entails.&n ..read more
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Onchain: Sell the news, Happy Bears, and RPGF going brrr
CoinJar Blog
by Naomi
2M ago
Story One Sell the news Now that 11 ETFs are approved, issuers have started engaging in a fee war, slashing their usual costs, with Blackrock charging 0.25%  and Bitwise setting its fee at just 0.2%. Then Franklin Templeton entered the scene, placing its fees at 0.19%. The race to the bottom is on. Despite the discounts, institutions didn't buy enough to counteract the crypto crowd selling. In typical sell-the-news fashion, Bitcoin holders started getting rid of their bags, so Bitcoin just marked spot 99 of assets in terms of price performance over the past seven days. Not the rally some ..read more
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