Continuum Insights July 2022
Join Continuum’s Discord to receive insights, signals and #EventTriggers impacting the blockchain industry.
Jan 2023 regulations will be announced in US and UK that directly affect your blockchain brand. Will you be ready?
Continuum posts news, products, regulation and more in our FREE public discord.
JULY 2022 in Web3
Continuum is seeing rapid evolution in Web3. Here are a few signals that stand out as we go into July.
https://cryptoslate.com/defi-insurance-is-coming-to-solana-to-protect-users-against-exploits-video/
DeFi insurance is a big deal towards getting Wall Street and Capitol Hill to embrace DLT technologies. Continuum is watching the crypto insurance race the same way we keep an eye on the first Bitcoin/digital assets ETF in any country. Most high level financial managers think crypto is still too unstable for an ETF or insurance. Insurance is a huge market in the Global Economic Engine.
https://cryptoslate.com/coinbase-backed-vauld-becomes-the-latest-crypto-lender-to-pause-withdrawals/
This is why we can’t have nice things. Liquidity is the #1 concern among Wall Street toward taking these projects seriously. Free Capital Markets means the freedom to fail as well as succeed. Keep in mind when Web3 projects flounder, they take a huge hit on credibility that can take years to build back up. Marketplaces, Exchanges or Wallets that pause their off-ramp to FIAT are going to see negative sentiment across all 4 quadrants of Continuum: Main Street, Blockchain Street, Wall street and Capitol Hill. System integrity is crucial.
https://news.bitcoin.com/financial-companies-report-first-deal-with-digital-assets-under-russian-law/
Russia, China and United States have drastically different approaches to digital asset regulation. Policy is set from deep within or with input from public opinion or a combo, depending on the country’s leadership structure. Continuum has been especially watchful of Russian adoption and regulation/legalization policy since before the attack on Ukraine. We saw a huge influx of Russia digital asset forecasting since then and don’t anticipate it to stop. Russia’s adoption of digital assets is a signal, but not as strong as United States legalization coming in Jan 2023.
https://www.fxstreet.com/analysis/ism-manufacturing-pmi-preview-high-inflation-component-steal-the-show-boost-dollar-202206301355
Nonfarm Payrolls indicator. What is PMI and ISM? The ISM manufacturing index, also known as the purchasing managers' index (PMI), is a monthly indicator of U.S. economic activity based on a survey of purchasing managers at more than 300 manufacturing firms. It is considered to be a key indicator of the state of the U.S. economy. (investopedia)
If PMI goes down to 50, it’s a big signal to Wall Street. PMI is just as important to watch as CPI (Consumer Price Index) when understanding inflation and our path back to growing markets.
Vesa 5 min video https://www.youtube.com/watch?v=NU6tqmbVdF4
One example of digital asset growth is the market of Fine Art backed by Web3. Vesa collectibles are a precious commodity in the blockchain industry. This is a drastically different approach to art than BYAC but just as riveting and community focused. Continuum is impressed with Vesa’s credibility, trust and adoption. Vesa contact info can be found at his Continuum Market Brand Page.
