₿ BTC Tags 15-Month High Against Ether

DeFi Alpha

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Ether is now trading at its lowest level relative to Bitcoin since last July. Its relative underperformance comes after Ether posted its first inflationary month this year and as concerns grow regarding Lido's staking dominance.

Our resident degen-in-chief published a deep dive into using the bubbling SocialFi app, Friend Tech. The tutorial includes an onboarding guide and farming strategy.

And Deribit announced plans to launch options products for SOL, XRP, and MATIC. Deribit is expanding its offerings in response to declining volume amid the bear trend.

✍️ In today’s newsletter:

ETH/BTC suffers long-term downtrend
Beginner's guide to Friend Tech
Deribit targets January for SOL, XRP, and MATIC contracts

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Watch our video looking at the rise of Friend Tech and social trading apps. And check out our podcast with Blockchain Capital partner, Spencer Bogart, who walks us through the firm's new funds, plus its investment thesis for the controversial Worldcoin cryptocurrency.

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