💥 SONY will launch a Bitcoin and Crypto exchange

6 min readJul 1, 2024

Happy Monday dear subscribers! In today’s Newsletter, Sony goes shopping!

In today’s bulletin, we are covering:

Surfing the Market, with analysis about Big Caps Index and the Gaming Index
Don’t miss the News about Sony buying Whalefin and Biden vs. Trump
BRETT is under the spotlight.
A short article about Why to Keep a Track Record?
Our selection of the best Gems on X

The Big Caps Index not giving up, key pushes over the weekend and it’s now on breakout range, low volume for now, let’s see how it closes the daily but…it might the beginning of the reversal:

The Gaming Index also bouncing again over the main support. Needs to set a higher low on the $6,4 to trigger the bullish reversal:

Sony Revives Crypto Exchange Whalefin with Acquisition and Rebranding

Sony plans to relaunch the crypto exchange Whalefin, which it acquired from Amber Group last year. The exchange’s parent company, Amber Japan, will rebrand to S.BLOX.

Sony is set to restart the crypto exchange Whalefin, bought from Amber Group.
Amber Japan, Whalefin’s parent company, rebrands to S.BLOX.
Sony acquired Amber Japan via its unit, Quetta Web, in August 2023.
Sony’s relaunch of Whalefin marks its proper foray into the crypto space.
Sony has previously engaged in Web3 through partnerships and investments.
Amber Group’s decision to sell its Japan unit was influenced by strict regulations.

This move signifies Sony’s significant entry into the crypto market, further expanding its Web3 ventures.

Blockchain Betting Markets Show Skepticism Towards Biden’s Debate Performance, Boost Trump’s Odds

Blockchain bettors were skeptical of President Biden’s performance in the first debate of the 2024 election cycle, causing Trump’s odds of winning the election to rise to 67%.Skepticism about Biden’s performance in the first debate pushed Trump’s election odds to 67%.

A contract on the outcome of the 2024 election has close to $188 million at stake, with substantial bets on both Trump and Biden.
Polymarket experienced a brief downtime due to high traffic during the debate.
Market sentiment shows less than a 70% chance of Biden being the Democratic nominee.
California governor Gavin Newsom and Michelle Obama are emerging as potential candidates.
A contract on whether Biden would drop out surged to 43% during the debate.
PoliFi token traders saw significant declines in tokens representing both Trump and Biden.
Crypto was not mentioned during the debate, despite its relevance in Republican campaigns.
Independent candidate Robert F. Kennedy Jr. responded to the debate on social media, garnering 5.6 million views.

A significant amount of money is bet on the outcome, with around $23 million on Trump and $21 million on Biden. Additionally, there’s a growing belief that Biden may not be the Democratic nominee.

BRETT

This week we under the spotlight we have BRETT, “the blue mascot of the blue chain”.

I’m sure you have heard about memecoins at this point, quite a thing this cycle. Based Brett is one of those iconic projects and the character behind the token is inspired from the “Boy’s Club” comic, Brett is known for being a dancer and his laid-back attitude with love for video games.

It’s said that Brett is Pepe’s best friend and self-proclaimed one of Crypto’s most significant cultural icons and the mascot of BASE chain. All 5 characters from the Boy’s Club comic saga have become a memecoin project on different blockchains.

Brett ($BRETT) is a memecoin that serves various purposes within the cryptocurrency ecosystem. According to their website, they have forged strong partnerships with leading companies in the crypto space and have strong community support on the rapidly growing Base blockchain.

Here are some key ways it is used:

Peer-to-Peer Transactions.
Community Engagement.
Digital Collectibles.
Speculative Investment.
Trading and Meme Culture.

When looking at the tokenomics, $BRETT had no presale, did a stealth launch, had no taxes and the contract was renounced. Currently, it has $1.5 billion market cap positioning it in the #57 position (just below $Bonk) the total supply is 10 billion tokens and it already has 99.1% in circulation.

Why keep a Track Record?

One of the best practices a trader can adopt is to document all their trades, enabling them to analyze past performance and draw conclusions for the future. Let’s explore why having a track record is essential for success.

Most investors only look at their PnL (Profits and Losses) without paying attention to the trades made, whether positive or negative. Very few have the routine of documenting their trades for an ex-post analysis.

It’s challenging to improve performance without evaluating past actions, minimizing the element of luck, and seeking a comprehensive understanding of performance in executing trading ideas as well as personal psychology.

Among the various benefits of keeping a track record, we can mention:

Details of current positions
Analysis of winning trades
Identifying mistakes
Win rate

Having detailed records of open positions allows us to analyze assumed risk and balance the portfolio accordingly. It also helps in inventory control and managing stop losses.

When closing positions, analyzing what was done, why, and how the chart continued is a good practice for winning trades. This helps reinforce successful strategies and find areas for future improvement.

The track record of losing trades is perhaps the greatest asset, as it allows us to see where we went wrong, why, and what we could have done differently both at the start of the trade and during its course. Based on this, we can draw conclusions to avoid repeating the same mistakes.

The Win rate not only indicates the accuracy of our trades but also informs the level of risk we should take. We may have more losing trades than winning ones, but by cutting losses quickly and letting profits run, our overall results can be positive.

These are just some of the benefits of noting down what we do, why, and for what purpose.

Some only record entries and exits, others include the investment thesis, and a few add comments during trade management.

Each style is unique, and it’s up to each trader to find which version of a track record fits their way of working, but one thing is certain, without a track record, we are blind!

The important thing is to seek continuous improvement by knowing our mistakes and trying not to repeat them. However, one cannot improve something that is not measured or understood!