The FOMC met again this week, and they're not backing down on their plans to drive inflation down. All set to go ahead with multiple 50 basis-point interest rate increases. Furthermore, the Fed approved a plan to reduce the central bank's $9 trillion beginning in June, mainly including Treasuries and mortgage-backed securities.
This hasn't helped the markets this week as we've seen Bitcoin range between $28.6k and $30.8k. It's a sideways market for now. Month ends are generally quite volatile as options expire. Max pain for this week is $34k. We are well below that, so we may see an artificial pump, or traders have just lost this month's bet.
On a positive note, Andreesen Horowitz raised $4.5 billion to take advantage of bargains in a bear market. That's a healthy sign. Ark and 21Shares refile for a Bitcoin spot ETF. Thailand exempts VAT on crypto transfers.
📈Reference Markets over the past week
📊Impact Markets over the past week
📉DAO Shares over the past week
ℹ️ Remember that DAO’s with a rebase mechanism should be valued on their treasuries, and market cap increases are a more important metric than token prices, as high yields try to outpace price fluctuations.
Token Analysis of $UNI
Uniswap is the OG automated market-maker. AMMs have been the engine behind DeFi and will no doubt provide utility to ReFi, by enabling permission-less decentralised P2P market exchanges that don't rely on intermediaries.
Earth State Snippets
- A partnership to further regeneration. Ecorise DAO promotes and drives regenerative land use. The Open Forest Protocol (OFP) is changing how forestation projects are monitored, verified and funded, and they have now joined forces for transparent land conservation and regeneration.
Total Natural Land Locked meets Total Hectares Locked
- "Carbon markets are needed to address climate change." KlimaDAO believes that optimism will prevail in the face of the daunting challenges of carbon offsetting. They equally stand firm that the Voluntary Carbon Market could hold some of the most powerful keys to fighting climate change. Dive into this recent article where they explore both angles.
🌍 For the Earth!
With an eye on the future, and deep concern for the every-present predicament facing humanity, ReFi builders are continuing to build the real Tokenised Earth Economy, with real Earth state-change technologies, to solve real problems.
Join us every Tuesday at 15:00 UTC for a weekly conversation in the Earth State Twitter Space, where we share intelligence with the thought-leaders, problem-owners and solution-builders of this new economy.
Not financial or tax advice. This article is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. For tax advice talk to your accountant. DYOR – do your own research.