Market Analysis: Chaos Creates Opportunity

Trading stablecoins, the Blur Effect, Leveraged NFTs

Hello everyone, gm, gm, welcome BACK to another edition of Overpriced JPEGs and the inaugural edition of OPJ PRO.

It’s Market Analysis time: a breakdown of the biggest factors impacting the market today and the opportunities within it. 

There’s no such thing as “easing in” in crypto, is there?

This first PRO newsletter was going to be a breakdown of Blur and ways folks are playing the opportunity as well as our long term outlook on the marketplace. 

Then SVB collapsed and USDC temporarily de-pegged. (We talked about this yesterday in our newsletter with Proof President, Josh Cook, who made the decision to move some of Proof’s assets to SVB late last year.)

And, in a little over an hour, we’ll find out more about February’s inflation print. If it’s worse than expected, we can expect more aggressive rate hikes, throwing icy water over this hot crypto market.

While we still think there’s tremendous value and relevance in the Blur conversation, and thus are including parts of it, we would be remiss to not spend time diving deeper on the crypto ramifications of SVB and how folks are finding opportunity in crisis. 

While the situation seems to be resolving – and depositors protected – our thoughts go out to those for whom the past several days have been incredibly stressful and to the employees of companies who worried they might not make payroll. 

We also know that chaos can often create the biggest opportunities.

And that’s what we’re talking about today.

• How folks made money on USDC this weekend: step by step

• The Blur effect & making money when others panic

• Leveraged NFT trading

• Opportunities today in NFTs

Let’s dive in!