Weekly Newsletter #8

We are SO back (NFA). Arbitrum launches AIRDROP too! Bullishness is everywhere.

Author

Run The Chain
March 17, 2023

Newsletter #8

GM/GN, bear 🐻 market didn't last too long - guess we in a bull market after seeing bank runs and prices dropping like crazy. Hopefully all is well. Grab your Joes ☕️ and milk 🥛, and let’s get to this week's news! 👇

TOPICS OF THE WEEK

LFG!

  • Market Analysis

  • News of the Week

  • Other Headlines

  • 🤑 Funding 🤑

  • Meme of the Week

We are soooo back!

DATA YOU SHOULD CARE ABOUT

BTC inflows are BACK! More supplies are now on the exchanges and that suggests selling pressure. However, it seems like long-term holders don’t want to HODL anymore - profit-taking might be in the books.

CPI is at the expected level of 6.0! Monday’s CPI also gave markets a boost of confidence especially after the falling out of SVB.

A good reason for the most recent pump - could be the QE. The FED balance sheet has added another ~$3 billion. Crypto markets loved it.

NEWS OF THE WEEK

The Long Anticipated Arbitrum Airdrop 🪂

We’ve been waiting for this moment for MONTHS, and it’s finally here! Who else is excited for another airdrop?

What is Arbitrum?

Arbitrum is THE scaling solution for Ethereum. If you've used Ethereum, then you know that Ethereum gas fees are incredibly pricey and not sustainable. That's where L2s like Arbitrum come in and fix the problem!

What's with all the hype? Well...Here’s why you should be excited!

  • Arbitrum is the BIGGEST player in Ethereum L2 scaling

  • $ARB will be allowed to participate in Arbitrum DAO

  • The launch of the first "self-executing" governance (this means that proposals will all be done ON-CHAIN - no more core-team manually adding proposals)

  • Decentralization, decentralization, decentralization! Always happy to see decentralized platforms after all the CEX scams 🤡

  • Free money duhhhh 🤑

  • There’s a L3 coming too 👀

People are already predicting the price of $ARB. Many are going for $2-3, but others are seeing the price slightly under >$2.

All this is speculation - so we’ll just have to see when the date comes!

Wait...but how much do the investors and employees control?

The community will control 56% of the tokens, and the other 44% will be given to investors and employees. If you're wondering about the distribution check it out ⬇️

Looking to see how much you're eligible for? Check it out ⬇️

Arbitrum — Check your airdrop eligibility to govern Arbitrum

Discover if you are eligible to receive the Arbitrum airdrop, claim your tokens, and delegate your voting power

https://arbitrum.foundation

OTHER HEADLINES

$FUNDING$

MEME OF THE WEEK

Did you buy?

Aand that wraps it up for our newsletter! Hope you enjoyed the news, memes and analysis. See you next week!

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.