💥 Coinbase Vs The SEC. Again.

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Happy Monday dear subscribers! In today’s Newsletter, Coinbase want its beef with the SEC

In today's bulletin, we are covering:

• Surfing the Market, with analysis about AI Index and NEAR

• Don't miss the News about Coinbase and Trump leading the Bets

• GRASS is under the spotlight.

• A short article about how Analysis Without Execution Is Nothing

Nice response from the AI Index over the main horizontal support. Strong bounce on the $5,5 range respecting the previous downtrend resistance. Needs to tackle on the $7 range to fully re-ignite the reversal:

NEAR breaching up the local downtrend resistance, after setting a new higher low:

Coinbase Pushes for Appeal Amid SEC Legal Uncertainty

Coinbase's attorneys urged a federal judge to reconsider an April 2024 appeal in light of the SEC's recent appeal in the Ripple lawsuit, which questions the application of the Howey Test in defining digital assets as securities. Coinbase argues the SEC's actions confirm industry-wide ambiguity about the status of digital assets, emphasizing the need for a full appellate review.

• Coinbase's appeal highlights ambiguity in the SEC's Howey Test for digital assets.

• The SEC's appeal in the Ripple case supports Coinbase's claim of widespread confusion.

• Court delays and SEC's lack of clear rules for digital assets are key issues in the Coinbase vs. SEC lawsuit.

• Coinbase is also seeking CFTC communications to clarify which digital assets qualify as securities.

Trump Leads Harris in Betting Markets Ahead of 2024 Election

Donald Trump's odds of winning the 2024 U.S. presidential election have risen to 50.6% on the Polymarket prediction platform, surpassing Kamala Harris' 48.4%.

The market fluctuated after President Joe Biden exited the race, with Elon Musk backing Trump and attending his rally.

• Trump leads Harris by 3% on Polymarket despite national polls showing Harris ahead.

• Elon Musk endorsed Trump, attending his rally and calling him the best candidate for preserving democracy.

• Crypto is a significant election topic, with Trump expressing clear support, while Harris's stance is seen as more uncertain.

• The 2024 U.S. presidential election is set for November 5.

Cryptocurrency has become a key election issue, with Trump favoring crypto, while Harris has shown uncertainty despite a pro-digital assets stance.

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GRASS

The Origins

Grass is a project that lets users monetize their unused network resources allowing others to access public web data in exchange for payment in the protocol's native token.

The project has been developed by Wynd Network and falls in the AI and DePIN narratives.

Grass uses idle internet bandwidth to collect raw data from public websites, transforms it then into AI datasets and sells it to AI models for training. This way, users can earn rewards from the bandwidth they are already paying for while also contributing to training AI models.

The Operative

Grass is developed as a Layer 2 solution on top of Solana, utilizing it as a settlement layer through a “Sovereign Data Rollup” that streamlines data sourcing and transformation through a globally distributed network of Grass nodes, with the purpose of enabling AI universal access to structured web data.

To that end the project incorporates a ZK processor, enabling builders to verify that AI models are trained correctly, along with a Data Ledger designed to host an extensive data repository.

Summary & Competition

Grass has raised up to $4.5 million through different funding rounds with lead investors like No Limit Holdings (pre-seed), Polychain Capital (seed) and Hack VC (series A). The TGE date is yet to be announced and the project is currently running an airdrop campaign.

Alternatives and possible competitors to Grass may include Lanify Ai (LAN), Uprock (UPT), Nodepay, Multisynq, Oasis or CoNet among others.

The integration of AI with crypto presents new opportunities for both technologies. The crypto industry can leverage AI’s multiple use cases by enabling new business models for AI startups. To that end multiple projects are looking for ways to redirect unused power like bandwidth or GPU and feed AI algorithms.

Analysis Without Execution Is Nothing

Is it possible to lose money with a correct analysis? Absolutely

Our analysis can be spot on, but if we fail in our execution, we won’t succeed. Let’s explore why execution is so crucial in trading.

Why?

A trade consists of 30% analysis and 70% execution. This is a personal interpretation I’ve developed over the years, observing not only my mistakes but those of other traders as well.

Many times, our initial analysis is correct, and time eventually proves us right—whether it's support levels, resistance, or targets. But if our trade isn’t successful, then what went wrong? Execution

Without proper execution, even the best analysis is wasted.

Key

By execution, I mean the way we carry out the trade—from the capital involved, risk taken, timing of entry and exit, as well as position management.

• Capital involved: If we make a trade with more capital than we should, our emotions will be heightened, as even a minor move against us can result in a significant loss in our PnL.

• Risk: Related to the previous point, but also to the level of stop loss (SL) we use. A chart may be clear, but if the SL is well above our acceptable level, it’s no longer a trade worth taking.

• Timing: Both the entry and exit timing of a trade are key, and here there should be no hesitation. Strictly following our analysis is the key to long-term success.

Contradiction

What’s interesting is that you can lose with good analysis and poor execution, but on the contrary, you can win (or not lose) with bad analysis and good execution 🤝 

This is where a trader’s experience comes into play—knowing how to handle situations and when to take bold actions versus when it’s better to stay on the sidelines.

A bad analysis (like going long when the chart turns short) can be quickly corrected with precise execution—in this case, stopping out at our SL, combined with a wise choice of capital involved and risk.

Conclusion

If we’re aiming to trade in the short to medium term, execution should be our priority and our weapon.

If we’re looking at long-term investing, then analysis (cycles, trends) becomes more important than execution, as even poor execution will eventually yield results over a long enough horizon.

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