The Daily Leo #546

͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­͏     ­

	Forwarded this email? Subscribe here for more What Is Alt Season And Wen? The Daily Leo #546 idiosyncratic and Akin Aug 16   READ IN APP   Welcome to The Daily Leo! We pull the best articles in Finance, Crypto news, and Hive/Leo into one condensed information-packed space. Be sure to follow @thedailyleo so you never miss the Daily LEO. You can also subscribe to the newsletter here Subscribe to the Daily LEO The Wealth Effect Is About To Kick In | XMR Delisting The author, a seasoned cryptocurrency miner, discusses the "Wealth Effect," where Bitcoin and Ethereum investors, seeing stagnation in their assets, start shifting investments into altcoins. As Bitcoin consolidates with large holders accumulating and fewer people selling, the stage is set for an altcoin season. This phase is expected to begin later this year or early next year, potentially leading to significant price increases in altcoins as the market transitions from consolidation to upward momentum Stocks Soar While Crypto Sinks: Is the Tide About to Turn? This post talks about the recent positive economic indicators like PPI and CPI, and how they have led to a recovery in the stock market, with companies like Nvidia performing well. However, the crypto market remains sluggish, particularly altcoins, which are currently dependent on Bitcoin's movements. The post predicts increased volatility, especially if the U.S. dollar strengthens, and highlights gold's all-time high, contrasting with Bitcoin's underperformance. The author advises caution in crypto trading, suggesting it's better to build a strong portfolio for the next quarter. Some thoughts about RUNE This post discusses recent changes proposed by the Thorchain team, particularly by its founder JP, which are expected to positively impact the ecosystem and the price of RUNE. Key changes include an increase in swap fees, potentially replacing block rewards with swap fees for node operators, reducing inflation, and introducing a new RUNE burn mechanism. The author expresses optimism about these developments, believing they will drive RUNE's price up, and shares their positive experience with the project, having invested early and profited significantly. Binance is Back in India after 7 Months The post discusses the unblocking of Binance, a major cryptocurrency exchange, in India after being restricted earlier in the year due to non-compliance with local regulations. The government has now allowed Binance to operate, making its website and app accessible again. The author expresses happiness at being able to use Binance once more after seven months of inactivity, highlighting the reliability of the exchange and its positive impact on the Indian crypto community. The post also mentions expectations for Binance to add support for INR currency and comply with local tax regulations, marking a significant win for Indian users. Finally, the updates on the side of InLEO's new cross-chain product called LeoDEX have been going on. LeoDEX has finally facilitated $100k worth of swap volume! What an amazing milestone! ✅ Cheaper than CEX ✅ Faster than CEX ✅ Permissionless ✅ Self-Custody. Explore the introduction to LeoDex by a lion 🦁 InLEO is a blockchain-based social media platform for Crypto & Finance content creators. Our tokenized app allows users and creators to engage and share content on the blockchain while earning cryptocurrency rewards. Thanks for reading The Daily LEO! Subscribe for free to receive new posts and support my work. Pledge your support A guest post by Akin I write about the future of financial technology Subscribe to Akin The Daily LEO is free today. But if you enjoyed this post, you can tell The Daily LEO that their writing is valuable by pledging a future subscription. You won't be charged unless they enable payments. Pledge your support   Like Comment Restack   © 2024 LeoFinance 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe