🦅 Despite Assassination Attempt, Trump will Attend the Bitcoin Conference

Happy Monday dear subscribers! In today’s Newsletter, Trump shows he can take it!

In today's bulletin, we are covering:

• Surfing the Market, with analysis about the AI Index and the Super AI Alliance

• Don't miss the News about XRP and Trump

• Nakamoto Games is under the spotlight.

• A short article about The Human Side of the Market

• Our selection of the best Gems on X

After a wonderful weekend, we are back with a really nice bullish breakout. Let's focus on the AI Index, to begin with.

After one month of steady downtrend, we are seeing the first breakout. As always let's wait to see the daily close but so far looking primed. Weak volume, but as you know it's almost a feature of July/Aug.

Tracking closely, lots of good entries coming:

Eyes on the Super AI Alliance...consolidating the bounce and approaching the main downtrend resistance:

Ripple's XRP Not a Security on Public Exchanges: Landmark SEC Ruling

On July 13, 2023, a landmark ruling in the SEC's case against Ripple Labs determined that the XRP token is not a security when sold on public exchanges.

• XRP ruled not a security on public exchanges, setting a regulatory precedent.

• Ripple found guilty of securities violations with institutional sales.

• Ruling provides regulatory clarity for the cryptocurrency industry.

• XRP's market value surged nearly 6% following the decision.

• Ripple's ongoing legal battles and regulatory environment remain complex.

This decision set a significant precedent for the cryptocurrency market, impacting regulatory clarity in the US. Ripple was partially victorious, though found to have violated securities laws with institutional sales.

Trump to Speak at Bitcoin Conference Despite Assassination Attempt

Former US President Donald Trump plans to speak at the Bitcoin Conference in Nashville despite surviving an assassination attempt on July 13.

• Trump will attend the Bitcoin Conference in Nashville from July 25-27.

• Survived an assassination attempt on July 13 in Pennsylvania.

• David Bailey confirmed Trump's commitment and good spirits.

• Trump scheduled to speak on July 27.

David Bailey, CEO of Bitcoin Magazine, confirmed Trump's attendance, stating Trump is "in good spirits" and excited to speak.

Nakamoto Games

Under the spotlight this week we have Nakamoto Games.

This project as its name indicates falls in the GameFi narrative and uses blockchain technology to offer a variety of play-to-earn games. It started in the Polygon network in 2021, creating an ecosystem that supports the creation, launch, and monetization of blockchain-based games.

It recently launched in Telegram using the TON network and already has over 10.000 users.

Users of the platform get a diversity of games, while developers have the opportunity to present them. The project focuses on providing a good experience for both.

Some features of the project:

• Mobile app, wallet & tipping

• Metaverse with own economy

• Web2 and Web3 developer infrastructure

• Marketplace 

• Free-to-earn

• Weekly reward system 

The native token of the project is $NAKA with a max supply of 180M tokens that has currently 50% in circulation with a market cap over $109M at the moment. Used for governance, for fees, as reward and more.

Nakamoto Games managed to raise over $7,7M in different funding rounds since its foundation.

If you want to know more about this project this are the official website and twitter.

The Human Side of the Market

We live in an era of automation, where technology is taking control of everything, including the market. However, deep down, it still retains its human side. Let's see how, despite everything, this business remains a human game.

More than 80% of the trades that take place in the market, whether on Wall Street or in Crypto, are performed by bots, meaning they are executed automatically according to pre-established parameters. So, how is it possible that there is still a human side to the market?

Deep down, behind every bot, there are humans. These are the ones who determine what a trading bot will do and what it won't. Even those that have independent learning schemes have people behind them.

If you are over 35, you might think of Skynet and that one day it could become a reality, but the truth is we are far from that. On the contrary, in the market, the human aspect (psychology) remains the key factor in making decisions.

We can program a bot to trade based on TA patterns, volume, news, events, etc. But behind all of that, what we are really trading are our past decisions and reactions as humans.

As the saying goes, the important thing is not knowing how to program but knowing what to program. Without understanding psychology as the main factor that moves markets, we can have the best bot, but it won't make money in the long run.

Otherwise, why aren't the best programmers in the world millionaires trading the market? Because they also need to understand the market.

A paradigmatic case was Long-Term Capital Management, a hedge fund that had Nobel Prize winners in economics among its members and traded everything based purely on mathematics and statistics. It went bankrupt, losing more than 4.6 billion in less than 4 months and had to be bailed out by the FED.

Undoubtedly, we must use the available technology, but the advantage arises when we combine it with an understanding of the human side of the market, based on experience and how often it's not the data itself that's important but the market's reaction to that data.

Therefore, even though we all dream of an automatic system that makes money for us while we sleep or are at the beach, reality repeatedly shows us that this is still a human game!

Was FTX Only the Beginning?

A lot of Layer 2s!

DePin Shapes up!

Don’t sleep on this market, lots of opportunities to come, see you next week!