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Blocksmith Says: Nasdaq Bullish, So Crypto Bullish

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Today I’m looking at the Nasdaq futures daily chart – a simple and short view. Nasdaq is still highly correlated with crypto (94% with Ethereum and 78% with Bitcoin from mid-June).

We are very close to an 80-day cycle low in Nasdaq and a rally should be imminent. Notice that the June low was significant, at least a 40-week cycle trough, which means the upward force of this big and relatively new cycle is still present and bullish. Get ready to reposition.

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THORChain's Critics Live in Delusional Glass Houses

THORChain's Critics Live in Delusional Glass Houses

THORChain’s history of centralization, security failures and questionable money flows is well documented. But are today’s critics getting the technical and legal arguments right – and are they applying the same standards to other major DeFi projects?