"Empty pockets never held anyone back. Only empty heads and empty hearts can do that."
-Norman Vincent Peale

COIN BULLETIN

Coinbase Announces Launch of Index Fund

Coinbase announced the launch of Index funds. Safer investments will attract more money to the ecosystem, which is good.

With that said, it's currently only available to accredited investor, so it's unavailable to most Coinbase users.

This type of index fund on Coinbase feels a bit gimicky now, but it does let their product team say that they've built something that is potentially foundation for the future. I could see it being more interesting once Coinbase starts adding new assets.

SEC Statement on Potentially Unlawful Exchanges

Seems like the SEC is a little butthurt that you can buy and sell ICO tokens on exchanges.

They say that "a number of these platforms provide a mechanism for trading assets that meet the definition of a "security" under the federal securities laws."

I mean, they're probably right...but so what? (Bullish on decentralized exchanges)

You can read the full statement here.

What else is going on...

1. Vitalik says hey hey heyyy!(DANK CERTIFIED)
2. Putin’s Orders: Russia Prepares to Legalize Cryptocurrency Markets by July 2018
3. North Korea May Have Netted 11,000 BTC in Transactions
4. Serious Developments in Binance. Possible Hack? (SPECULATION)

THINGS I LIKE

The Eightfold Path of the Legendary Trader

Dan Jeffries writes about his eightfold path to becoming a legendary trader.

Read his article here.

TL;DR -

1. Start out clueless
2. Make the same mistakes as everyone else
3. Take a big loss (I'm sure ya'll got this one covered)
4. Reflect and come back stronger
5. Learn age old lessons the hard way
6. Money management
7. Stop following orders
8. Develop your old style

MARKET SENTIMENT

Top 5 Winners

Top 5 Losers

Inb4 we see CNBC reporting that Tether is up 0.007%.

You crazy Coinsheet writer person! They'd never do that! Never forget.

TECHNICALS

Bitcoin

Bitcoin rejected the bullish momentum and did not close the daily candle in the confirmation zone, which was bearish signal.

We're back in bearish channel / no-trade zone.

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Thank you for reading!