Hello friends 👋🏻 as promised, here’s the first edition of Sheinix Substack. Please let me know in the comments what you think!
Crypto Stuff 🚀
📈 The Markets
$BTC is up 4.4% in the last 7 days
$ETH is up 4.8% in the last 7 days
Crypto Markets are green this week, although they are far from their ATH!
One step at the time! 🚶🏻♂️
I always keep in mind the Bitcoin Halving event to understand which part of the cycle we are in. Here’s the countdown for next BTC halving event. Also, keep in mind the US vs China economic war could be a good thing for accelerating the BTC spot ETF. 🔥
🗞️ The News
A bit disappointed that WalletConnect announced restrictions on it’s wallets in Rusia as per OFAC guidelines. But what would you do if you’re facing jail if you don’t comply with these sanctions?
The Coingecko’s Crypto Q3 Report is out. It provides a good overview of the industry in this quarter.
Sam Bankman-Fried has been found guilty of fraud and conspiracy charges. He’s facing 115 years in federal prison. Well deserved I’d say, what do you think?
Binance launched a new web3 self custodial wallet with MPC technology. I’m looking to have a play with it at some point.
👀 Project I’m looking at
I’ve been offered an OTC deal on a fairly new project called ZetaChain. ZetaChain is an L1 chain that focuses on addressing cross-chain and multi-chain challenges. Part of my crypto investment thesis is that future will be multichain and we’ll need infrastructure to seamlessly operate on multiple chains. (Does ChainLink CCIP ring a bell? 😄 ) ZetaChain is a project in that direction, and that’s why it caught my attention! If you’re interested you can find more in their white-paper.
🤓 What am I learning?
Last week I dived into FHE! If you're wondering, FHE stands for “Fully Homomorphic Encryption”. I know, it sounds complex, but in reality, it's quite straightforward:
FHE is a unique encryption method that allows computations to be done on encrypted data without decrypting it.
If you want to learn more about it here’s a better explanation 🙂
🚨 Security Stuff
Onyx Protocol, a Compound Finance fork, lost $2.1M on Tuesday to a high-profile, well-known vulnerability.
🆒 Cool Stuff from the Week
🎧 Podcast episode I’m listening to:
Joe Rogan with Elon Musk on Halloween. Here’s the video link.
🤔 Quote I’m pondering:
Whenever feeling anxious, lazy or stressed out about a thing, I find it helpful to just ask this question by Tim:
📚 What am I reading:
Book: Letter's from a Stoic by Seneca (A good one to randomly pickup and read a letter)
A little bit about hypnobirthing method 👶🏻
🫵🏻 One question for you:
Thanks for reading 🙏🏻. Don’t forget to leave any feedback if you have on the comment section!
See you next week!