The Fed raises rates again, the Ukrainian conflict intensifies, regulators target Ethereum and DeFi. Have you been doom-scrolling Twitter this week, or am I alone?

Still, I have something encouraging to share. While I was on vacation, I dove deep into the degen life. And what a dive it was.

Although I did nothing short of hyper-risky gambling, I noticed how much activity the crypto space still has. It’s nothing like 2018-2019, when you’d be happy to see a new project coming along during a given week. 

Discord conversations are non-stop, builders continue to try to bring something new to the table, and projects raise tens or even hundreds of millions of dollars. The bear doesn’t kill the market. Ironically, the market embraces the tough times and turns them into a joke with the Berachain project.

During my vacation, I spoke with so many people who stay active and are so bright. I’ve seen many people from investment banking and even a developer of AAA games. The amount of talent here is just mind-boggling. 

To wrap it up, I want to quote Winston Churchill: “If you’re going through hell, keep going.” The Fed will pivot at some point, the Ukrainian conflict will subside, and regulators won’t likely be able to kill the market. We will come out of this stronger.

Disclosure: The author of this newsletter holds ETH. Crypto Briefing and members of the research team hold some of the Pick of the Month coins mentioned in the table above. Read our trading policy to see how SIMETRI protects its members against insider trading.