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| “Blockchain is the tech. Bitcoin is merely the first mainstream manifestation of its potential.” - Marc Kenigsberg |
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| Howdy, investors!
Dividends are one of our favorite things about investing -- they're the gift that keeps on giving. We've updated our list of the Best Dividend-Paying Altcoins and Cryptocurrencies so you can sit back and collect those sweet payouts too.
In a shocking development, founder and CEO Changpeng "CZ" Zhao has stepped down from his role at Binance, following a guilty plea in U.S. money laundering charges for the leading exchange. The deal includes a $4.3 billion fine for Binance and a $50 million fine for CZ himself. Hopefully the DOJ can claim a political win, and the industry can now move forward. (UNI is up on the news.)
Token Terminal, one of the top crypto data services, provides a deep dive into Ethereum and its suggested Ethereum Investment Framework. According to the author, Ethereum offers the best risk-adjusted return potential in the crypto ecosystem, akin to an index fund for web3, with its value expected to grow alongside the adoption of web3 technologies.
Read on to explore more! |
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| Best Dividend-Paying Altcoins and Cryptocurrencies 2024 by Anatol Antonovici |
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| Investor takeaway: With traditional stocks, investors receive their dividends as cash or additional shares of a company’s stock, while crypto investors receive dividend payments in cryptocurrency tokens.
The value of crypto dividends can vary dramatically. Although any share's value can change, crypto is notoriously volatile and may significantly change your projected crypto dividend payouts. Always consider the project first and the dividend second.
If you’re reading this, you probably already understand the benefits of long-term cryptocurrency investing. But perhaps you’re unaware that some crypto investments allow you to receive regular dividend payments.
Unlike airdrops or giveaways, crypto dividends are payments designated for crypto holders by the organization managing that project. That means that as the crypto grows, so does the currency's value and, typically, associated fees, all of which become a dividend to coin holders. |
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| Premium Power-Ups Level up your crypto investing game. |
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NEW Blockchain Risk Scorecard: Tron
In our newest Risk Scorecard, we're taking a look at Tron (TRX), the most widely used blockchain by daily active users.
Tron is a Layer 1 network that enables developers to run decentralized applications (dapps) and smart contracts. Its native token, TRX, also called "tronix," serves as the primary medium for transaction fees, staking rewards, and governance on the network.
While the project itself is increasingly popular, it might not be without risks. The creator of the Tron blockchain, Justin Sun, has been controversial in the past. Earlier this year, the SEC charged Sun with the unregistered sale of crypto asset securities and manipulation of the secondary market for TRX. |
| While the growth of Tron is impressive, is it enough to offset potential risks? That's what you'll learn from our Tron Risk Scorecard. Premium members can download it here.
Not a Premium member yet? Sign up today for access to our special events and our entire library of webinars, crypto scorecards, and other member-exclusive content. It's a solid investment in your future! |
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| | | Must Read Today's most important stories for crypto investors. |
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| Investor takeaway: Changpeng "CZ" Zhao, the founder and CEO of Binance, the world's largest crypto exchange, agreed to step down and plead guilty as part of a $4.3 billion settlement involving U.S. criminal and civil charges against him and his company. The charges stem from allegations that Binance prioritized growth over compliance, leading to money laundering violations and the platform being used for illicit activities like funding terrorism and child abuse.
We think this is likely a positive for the industry, as with the high-profile government wins against FTX and Binance, crypto can now move forward with a more regulatory-compliant approach. The price of UNI has surged to $5.80 as of this writing. |
| Investor takeaway: The Ethereum Investment Framework is a new tool to help investors navigate the projects building on the network, emphasizing Ethereum's strong network effects, revenue generation, and deflationary post-merge tokenomics.
Because so much stuff is being built on Ethereum, investing in ETH could offer the best risk-adjusted return potential in the crypto ecosystem, akin to an index fund for web3, with its value expected to grow alongside the adoption of web3 technologies. |
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| Investor takeaway: Here's a look into the anticipated approval of a spot bitcoin ETF and its potential impact on the market, referencing the "Buy the rumor, sell the news" adage. Past events like the CME Bitcoin futures launch and Coinbase's public listing, which led to market peaks followed by bear markets, are cited as examples.
Investors should be aware of the historical pattern where significant crypto-related announcements, such as the launch of futures or major listings, have led to initial price surges followed by downturns. The introduction of a spot bitcoin ETF could be the same. If so, now's the time to "Buy the rumor." |
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| | | ICYMI In Case You Missed It |
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| | | Blockchain Basics Explain Like I'm 5 |
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| BMJ Basics: How To Take The Long View In #crypto |
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Best Staking Rates The best rates for DeFi staking this week. |
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| | | Share This Meme Copy, paste, and post |
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| Just one reason to add some dividends to your crypto portfolio. (Thanks to Redditor anonymousjohnson) |
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| Share the Love Help grow our crypto investing community. |
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| Bitcoin Market Journal is a daily newsletter that makes you a better crypto investor. It's created by John Hargrave, Steve Walters, Gerald Jackson, Anatol Antonovici, Matthew Du, Daniel Joel, and Preetam Kaushik.
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