Cardano
Cardano (ADA) is a cryptocurrency that aims to use blockchain technology to solve real-world problems. For example, it has partnered with the Ethiopian government to track the educational progress of 5 million students on its network. The project will give each student a tamper-proof academic record that could help them get jobs or study abroad.
Cardano's price has jumped over 65% since the start of August in anticipation of the Alonzo upgrade. According to CoinMarketCap data, this pushed it into the top three cryptocurrencies by market cap. it reached a peak of $2.25 after the announcement, pushing it close to Cardano's all-time high of $2.46 in May.
Cardano has been through multiple developmental phases including the foundational phase Byron and decentralized phase Shelley which saw the introduction of delegated staking. According to the Cardano roadmap, smart contracts will go live when the project enters its third era, Goguen.
Cardano was founded by Ethereum co-founder Charles Hoskinson in 2017 and aims to directly compete with Ethereum and other decentralized application platforms as a more scalable, secure and efficient alternative.
Cardano Price Hits All-Time High, Overtakes Binance Coin as Third-Most Valuable Crypto
Cardano to Launch Smart Contracts in September. Here's What It Means for Investors
Tesla AI Day
Chief Executive Elon Musk gave a preview of the Tesla Bot, a 5-foot-8-inch robot with a screen for a face, weighing about 125 pounds and capable of moving about 5 mph — slow enough for people to run away from and small enough so a human could overpower it, Musk joked. He said a prototype is expected next year.
Musk said building a humanoid robot is a logical next step for Tesla, since, he said, it’s already “the world’s biggest robotics company,” with its cars basically robots. The humanoid robot will use all the tools in Tesla’s vehicles — sensors, cameras, neural networks, etc. — to autonomously navigate the outside world.
“Tesla is much more than an electric-car company,” Mr. Musk said.
The deployment of such robots could fundamentally change the economy, potentially alleviating labor shortages, he said. “In the future, physical work will be a choice,” Mr. Musk said, adding that long-term, such a robot could make it necessary to provide a universal basic income, or a stipend to people without strings attached.
Elon Musk Doubles Down on Artificial Intelligence at Tesla Amid Scrutiny of Autopilot
Elon Musk unveils plans for humanoid robot that uses Tesla’s artificial intelligence
Turning Networks Into Economies
EtherRock’s
The cheapest EtherRock is now $1 million, up from $300,000 yesterday and $100,000 two weeks ago.
Prices for NFTs have skyrocketed this summer, and crypto enthusiasts have invested exorbitant amounts of money in everything from digital trading cards to virtual property.
NFTs can be purchased on different third-party exchanges, one of the most popular of which is OpenSea.io. As for the EtherRocks, they can only be purchased on the project’s website.
“We live in the meme economy, and right now jpeg rocks are outperforming gold,” they told Fortune via Twitter DM. “Digital scarcity is the trend in a world of inflation.”
ARK Innovation ETF's Top Holdings, % Below High:
1) Tesla $TSLA: -24%
2) Teladoc $TDOC: -55%
3) Roku $ROKU: -28%
4) Coinbase $COIN: -40%
5) Unity $U: -30%
6) Zoom $ZM: -43%
7) Square $SQ: -9%
8) Shopify $SHOP: -10%
9) Twilio $TWLO: -25%
10) Spotify $SPOT: -44%
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S&P 500: -1%
Blockchain
Deloitte’s 2021 Global Blockchain Survey affirms that banks should embrace their inevitable digital future. In a seismic shift, financial leaders increasingly see digital assets as the future.
Deloitte's 2021 Global Blockchain Survey Results
Current best performing large cap stocks so far in 2021
$AMC +1,523%
GameStop $GME +745%
Upstart $UPST +380%
BioNTech $BNTX +328%
Moderna $MRNA +267%
Globe $GLBE +181%
Intellia $NTLA +174%
Asana $ASAN +152%
Bath & Body $BBWI +120%
Nucor $NUE +119%
Lucid $LCID +116%
Maravai $MRVI +116%
Chart Of The Day $AMD
AMD had broken out of its year long consolidation pattern between 70 and 100 and has now retraced back towards the $100 level. We expect AMD to be supported here and to launch higher into the $120 level and beyond.
Disclaimer: The material in this newsletter is for educational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy, or investment product. This newsletter is not a substitute for professional investment services. Past performance is no guarantee of future results, and there is no assurance that investment objectives will be achieved. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. All investments contain risk.