Podcast of the day:

On The Defiant podcast today, Jeff Dorman CIO of Arca Digital Assets talks about how to apply traditional finance valuation metrics to value DeFi tokens like Sushi that offer real cash flows to their token holders.

I recommend listening 🎧 to minutes 35-40 for the best part...

https://podcasts.apple.com/us/podcast/the-defiant/id1512654905?i=1000523420620

The takeaway: protocols that offer cashflows to their token holders will win.

Here is the EARLY EDITION of this week's Coinstack newsletter -- just for our Telegram subscribers...

https://docs.google.com/document/d/1X7GUq3CDDOcnTniwLYuHja20GQL_51A-Xyy4FUA93Bk/edit#

In this issue we cover:

What’s Winning Now: Top 15 Returning Investments The Last Week
This Week in Ethereum: On-Chain Analytics by Mike Gavela
Ethereum Is Undervalued on a Fundamental Basis
My Take: What’s Happening Right Now in Crypto
My Top 30: A Long-Term Crypto Portfolio
Join Our Tuesday Crypto Advice Calls
Featured Art NFTs by Mrs. Bubble
Coinstack Alpha Fund - May 2021 Results
Who I’m Following Closely on Crypto Twitter
How to Get Started in Crypto Learning

Here's the online edition of Coinstack for this week. Please favorite the online version and share it with friends!

https://coinstack.substack.com/p/whats-winning-now-in-crypto

In this issue I make the argument that Bitcoin is slowly dying and on its way out as the largest crypto asset...

As you can see above the number of people holding Bitcoin has declined by 22% year to date, while ETH is actually up 22% year to date.

Its main differentiator as a store of value with a low inflation rate is starting to be eroded as within 9-12 months or less Ethereum will be deflationary.

What are your thoughts? Does Bitcoin have a future? What do you think will be the largest crypto asset by market cap in 2025? BTC, ETH, or something else?

Here is the EARLY EDITION of this week's Coinstack newsletter.

https://docs.google.com/document/d/1-ZLg-pkfu8Nuf3onG7-cYvyedvoxjOS7ynaN8LG6fIM/edit#

Bitcoin for Countries by Ryan Allis
Understanding the Macro Crypto Picture by Ryan Allis
Ethereum On-Chain Analysis by Mike Gavela
Ethereum Fundamental Value Model (FVM) Now Live
My Top 30: A Long-Term Crypto Portfolio by Ryan Allis
Top Performers Last 7 and 30 Days by Ryan Allis
Join Our Tuesday Crypto Advice Calls
Featured Art NFTs by Mrs. Bubble
Who I’m Following Closely on Crypto Twitter
How to Get Started in Crypto Learning

Here is this week's newsletter... please share with your friends...

https://coinstack.substack.com/p/bitcoin-for-countries

Here is the text of the newly proposed Bitcoin Law that will soon make bitcoin legal currency in El Salvador 🇸🇻. A great moment in history!

https://twitter.com/nayibbukele/status/1402446890466217985?s=21

President Bukele of El Salvador is speaking live on Twitter spaces right now about the law to make Bitcoin legal currency there. Join below and listen in...

https://twitter.com/i/spaces/1ypJdgQdDpnGW

The Bitcoin currency legalization bill has passed the El Salvador congress today 62 votes in favor to 17 against and will become law officially in 90 days.

And there are now over 21,000 people listening to President Bukele on Twitter Spaces right now at https://twitter.com/i/spaces/1ypJdgQdDpnGW

Pretty incredible day and a seminal moment in Bitcoin history.

Coinstackers--We will be doing one "Open Thread" post per week to generate discussion among our Coinstack community about important crypto topics. We'd love your comments today on the first open thread post here: https://coinstack.substack.com/p/open-thread-what-do-you-think-of/comments

Here’s a great YouTube livestream from today by Bankless on The Current State of DeFi with Vance Spencer, Santiago Santos, and Spencer Noon - https://youtu.be/9mUCFRu4fkk

Another great podcast from Bankless - The Bull Case for DeFi With Vance Spencer.

Our Ethereum Discounted Cash Flow (DCF) is mentioned by Vance at 1 hr 31 minutes.

👍👍

Listen at:
https://podcasts.apple.com/us/podcast/bankless/id1499409058?i=1000524475606

🔊🎧

Here are the top performing crypto investments for the last 1 day and 7 days. You can see many of our favorites like Kusama, Polkadot, Solana, Telcoin, Theta, and Nexo on the lists.

Here are the top performers for the last 24 hours and last 7 days per CoinMarketCap...

Favorites like Fantom, Theta, Aave, ThorChain, and Holochain made the list for the last 24 hours...

And here are the top performers for the last 24 hours and 7 days per Messari, which includes many more tokens on their list...

I have small positions in Beefy, Small Love Potion, Rarible, Shopping.io, 1Inch, and Sora

Here's a great new blog post from today from entrepreneur and investor Marc Cuban called "The Brilliance of Yield Farming, Liquidity Providing, and Valuing Crypto Projects"

https://blogmaverick.com/2021/06/13/the-brilliance-of-yield-farming-liquidity-providing-and-valuing-crypto-projects/

He writes about DeFi, Polygon, Quickswap, Titan, Bancor, Aave, and Compound along with the topics of yield farming, liquidity providing, and valuing projects based on their revenues.

Here is the EARLY EDITION of this week's Coinstack newsletter just for our Telegram Channel subscribers...

https://docs.google.com/document/d/1SssC8MRos1kQguUm3tNb_3vqEzhfpGId7Nwpi97z1-8/edit?usp=sharing

In this week's issue:

1. Banking the Bankless by Ryan Allis
2. How to Unbank Yourself by Ryan Allis
3. The Rise of Polygon by Ryan Allis
4. ETH Fees Fall off a Cliff by Ryan Allis
5. This Week On-Chain by Mike Gavela
6. The Brilliance of Yield Farming by Marc Cuban
7. My Top 30: A Long-Term Crypto Portfolio
8. Top Performers Last 7 Days
9. Join Our Tuesday Crypto Advice Calls
10. Featured Art NFTs by Mrs. Bubble
11. Who We’re Following Closely on Crypto Twitter
12. How to Get Started in Crypto Learning

Here is this week's Coinstack newsletter... enjoy and please pass it along to your friends.

https://coinstack.substack.com/p/7-more-countries-exploring-bitcoin

I am about to start writing this week's Coinstack issue. What would you like to learn more about this week?

Here is the EARLY edition of this week's Coinstack newsletter... just for our Telegram subscribers...

https://docs.google.com/document/d/11jC9N4grhCGZBoBk-6T9nR-Az4m3y-uR5i7ZYjK2emU/edit#

In This Week’s Issue:
1. Weekly Crypto News Roundup
2. Top Crypto Investments - Last 30 Days
3. How to Earn Returns from Algorithmic Trading in Sideways Markets
4. Introducing the Ethereum Transaction Value Model (TVM)
5. Seven Key Crypto Stats
6. The Old vs. The New
7. A Long-Term Crypto Portfolio
8. Tuesday Crypto Community Calls
9. Join Our Telegram Group
10. Featured NFTs by Mrs. Bubble
11. Who We’re Following Closely on Crypto Twitter
12. How to Get Started in Crypto Learning