🕊️ Changpeng Zhao will be released from prison next week.

Former CEO of #binance to be released from prison next week after serving 4 months on money laundering charges 💸

Although he can no longer hold a senior position at Binance, he remains a majority shareholder and will be able to influence the company's long-term goals.

The SUN is Rising! 🌞

Trade the hottest #memecoins with Maestro, the top trading bot on #TRON .

With many meme coins hitting their ATHs, now’s the time to get in on the action!

Plus, Maestro’s got you covered with SunSwap support for seamless trading

Trade #ToTheSun with Maestro 👉 https://t.me/Maestro

Daily Memecoin Recap - September 12

Decent volume today as $sol starts to pick up

$420k + In LP Rewards
$dev -> hit $16 .7m
- Launch by ChartFuMonkey

- He's taking a more transparent angle to the launch
- Promises to disclose all supply allocations to KOLs
- Over $400k in rewards have been distributed to the top 50 holders pre bond

Usher Gets Hacked
$usher -> hit $1 .9m
$usher -> hit $416k
-
Usher got sim swapped, a bunch of fake usher coins came out on pumpfun

Solana's Pepe
$lumi -> hit $1 .59m
$lumio -> hit $1 .41m
- Posted by solana
, good narrative

Murad's Final Pick
$spx -> $7m to $19 .2m (2.74x), on eth
- MustStopMurad posts his final cult on his top 10 highest meme conviction list
- Murad has 2.8% of supply
- Price instantly pumped following his tweet

Moonshot Launches
$tmn -> hit $350k , Trumpmoon
$clique -> hit $337k , $25k in LP Rewards

Hyped Launches
$woofie -> $167k to $1 .64m (9.8x), dog meme
$dwolf -> hit $3 .49m, "Dark Wolf"
$towd -> hit $262k , toad meme

Fwog Art
$luci -> $8m , $99k in LP Rewards, launched on moonshotdotcc

$bwull -> hit $697k , $fwog + bull
$holi -> hit $240k

Slow Cooks
$abcde -> $840k to $4 .37m (5.2x), was going straight up for the past few weeks, seeing more of it on the timeline
$autism -> $389k to $1m (2.57x), launched on July 16, ATH $7 .3m
$gm -> $93k to $402k (4.3x), cat meme, launched 2 months ago, pushed today

More Plays
$moodeng -> $200k to $959k (4.8x), baby hippo
$fc -> hit $757k , Fishcopter, fish + helicopter, CTO, good volume
$stacy -> hit $600k , $giga stacy
$zaboo -> hit $483k , Zaboomafoo
$minmori -> hit $369k , dog meme, posted by gireumee

$cc -> hit $267k , "CubCat"

I'm personally a fan of this moonshot meta w/ LP rewards. Will be interesting to see how if they're able to update the top 50 holders post merge

Lock in🔒

💥 Bitcoin is correlated with money supply growth!

The "coincidence" between the ATHs of the last two bullruns and the coin issuance is striking!

⏳ The return of the printing press being only a matter of time, this is rather good news for us 👌

Imagine hating me but reading every few weeks/months that a corrupt police force find and steal from me MORE MONEY than you’ll make in your entire life.

Then tweeting that I’m poor “this time”.

😅😅.

Nobody can ever imagine how hilarious I find this.

After the euphoric highs of Q2, fear and doubt have crept back into crypto markets in recent months.

Amidst the uncertainty Solana’s DeFi ecosystem has shed layers of TVL (Total Value Locked), with the majority of protocol’s losing between 13-18% in USD value on a monthly time frame.

However, despite the market-wide pullback, outperformers have emerged. Which protocols created a liquidity vacuum and expanded their TVL despite ailing markets?

NX FINANCE, LULO LEAD MONTHLY TVL GROWTH
Solana’s DeFi scene has enjoyed newfound momentum and attention throughout 2024. However, the last 30 days indicate a charge in sentiment, with the bulk of Solana protocols suffering significant drops in their TVL.

Despite challenging conditions, several outliers have outperformed the wider market and witnessed continued growth in the face of adversity.

Lending aggregator NX Finance led the charge, enjoying consistent growth in the face of difficult markets. Courtesy of its incentivized rewards program, NX Finance TVL rose 65% in the last 30 days, leading Solana’s top 50 DeFi applications by TVL.

Meanwhile, fellow lending aggregator Lulo Finance continued to rise through the ranks, securing over $30M in Directed Liquidity (DL). With over 92% of its DL, a similar metric similar to TVL, held in stablecoins, Lulo-managed value has increased by 32.27% in the last 30 days.

At first glance, DeFiLlama data suggests that Jupiter’s TVL has risen by 47.22% in the last 30 days. However, this increase is due to the popular analytics platform integrating $jupSOL into Jupiter’s total TVL on August 16, adding approximately $300M worth of funds to the platform.

According to Step Finance data, $jupSOL supply has risen 0.36% in the last 30 days. Coupled with the 2.22% decline in Jupiter perpetual TVL in the same time period, it can be concluded that Jupiter’s total TVL has remained relatively stable in the face of challenging market conditions.

Kamino TVL Climbs Despite Falling Prices
Kamino Finance has been one of Solana DeFi’s most solid performers throughout Q3’s volatility. While lending aggregators like NX Finance and Lulo predominantly hold stablecoins, making them more resilient to market downturn, Kamino accepts deposits from a wider range of more volatile assets.

Despite falling asset prices across the industry, Kamino has emerged as one of Solana’s standout DeFi protocols.

While $SOL price has dropped over 36% since its March 18 high of $202 , Kamino TVL has increased by 12% in USD terms. Denominated in SOL, Kamino TVL has risen by 76% in the same time frame.

JUPITER DOMINATES PERPETUAL TVL ACROSS THE INDUSTRY
Jupiter’s perpetual DEX platform shows no sign of relinquishing its iron grip on derivatives dominance. One of Solana’s largest DeFi protocols, Jupiter’s perpetual DEX is currently the largest onchain derivatives market in the crypto industry.

Boasting over $657M in TVL, Jupiter dominates perpetual market share. According to DeFiLlama data, the Solana-based platform currently accounts for 18.82% of onchain derivatives TVL across the industry.

While Jupiter boasts the highest TVL across all perpetual DEXes, its closest rival still witnesses higher trading volumes. During August, Hyperliquid handled $34 .6B in trading volume compared to Jupiter’s $15 .1B. It’s worth noting that Hyperliquid’s high volume could attributed to its points program, which is expected to influence token allocations ahead of the protocol’s upcoming airdrop

Some deaths don’t make the headlines.

Afa Anoaʻi dies a few weeks ago, his brother Sika died a few months ago.

As an old school WWF fan I feel I should acknowledge this.

RIP to “The Wild Samoans”

A lil weekly recap on #btc

• Analysts: US Fed rate cut could push Bitcoin down 20%
• Bitcoin price dips to new 1-month low after $57K US jobs data 'fakeout'
• Samson Mow: Bitcoin bears base $40K prediction on 'self induced fear'
• Trump vows to make US ‘world capital of crypto,’ taps Musk for new task force
• Coinbase secures partial victory over SEC in motion to compel discovery
• VanEck to shutter Ethereum futures ETF as investors shift to spot ETHV
• Report: US companies forecast to buy $10 .3B in Bitcoin over next 18 months
• Crypto venture capital funding surges to $633M in August rebound
• Chainalysis says Russia’s crypto infrastructure aims to skirt Western sanctions
• Monochrome confident as it files for Australia’s first ETF to hold Ether directly
• Binance CEO says CZ is banned from managing or operating the exchange
• Outlier Ventures says four-year cycle is dead after bitcoin's 'worst price performance following any halving to date.

I start to hate solana but found potentialy a good play

$elonwukong
8Zoe1Z9HSDYFoP9RitDmZexsbnvWdWgmDy6XaxvZpump

Elon posted photo after the token was created - bullish
Wukong on tron was sent to 30m, but this is jeetlana, so will see
https://x.com/elonmusk/sta...

🚨 River Corporation predicts that over the next 18 months, about 10% of U.S. companies will convert 1.5% of their cash reserves into #Bitcoin .

That would be around $10 .35 billion.

Since 2020, companies that invested 3% of their cash in BTC have been more resilient to inflation

Binance Kazakhstan claimed today that it is the first to secure AFSA's formal consent for a full regulatory license, though AFSA's public directory shows more than 10 companies, including Bybit already operating in Kazakhstan with the same license.

We are 180 days into a correction since we made an ATH in Bitcoin and market sentiment is worse than when BTC was at 15K.

Ethereum has lost nearly $250 billion in market cap over the summer, even with ETFs coming to market.

And what happened?

> Massive exits and sales by Grayscale.
> Massive MT.GOX distributions.
> Mass distributions from the United States.
> Germany selling +50,000 BTC.

And what is to come?

> US interest rate cuts.
> Gradual increase in global liquidity.
> United States elections.
> FTX Refunds (+$16B).

And all this with stablecoins reaching all-time highs.

Is this the end? Are we all going to die?

I don't believe it.

For me nothing has changed.

Nobody said the bull market was going to be easy.

The best, for me, is yet to come.

You already know what happened next, the times when the feeling was as shattered and terrifying as the one we are experiencing now.

The difficult moments are what separate babies with poop on their butts from legends.

Everyone is very pro, everyone is very cocky, very gangster and very brave until it is time to buy the dip when at all hours they say that we are going to visit lower areas and everyone is terrified and with their balls in their throat.

We've all heard "If you come down to X area I'm going to put my house in your house" then they come down and shit their pants and don't buy.

It seems like a meme, but it is not.

There is something that will never change.

> The vast majority of people will sell out of fear.
> The vast majority of people will buy out of euphoria.

And it is certainly the fastest way to lose money in this market.

Sorry, I didn't make up the rules of the game.

The road will be long and there will be monsters and corpses along the way, just try not to make it yours.

The bull market is not over.

They just want to steal your magic internet coins so that when they spend billions on marketing, they can buy them back at an exorbitant price.

Nothing has changed.

Patience, conviction, buy the dip & chill 🏝️

Whales are accumulating #Bitcoin at record levels over the past 17 months. Let's recall the market situation we were in 17 months ago: just a few months after the start of the bull market.

It is clear that we are facing TREMENDOUS purchase prices for the next 12 months, both in #btc and #altcoins .

If you are not able to see it now, it is because you have not been around for long, you lack training, and you trust what the brother-in-law of the neighbor on the 3rd floor or your trusted baker tells you, the typical retailer that the whales manipulate as they want, and who believes that BTC will fall to $30K .

You'll regret it in a year, save this post. I was already right in 2022 when BTC was at $20K and I announced the start of the bull market, the rest was history, and I will be right again now.

I have found an asset in the market #crypto , BRUTAL to go LONG (Futures) or BUY (spot) for the next 6-9 months. On a technical level, it is clearly in a rebound zone and it is very possible that it will soon start a bullish rally in which it multiplies its value by X4 or X5.

If we reach 20 LIKES on this post, I will publish an analysis of the asset.

❌️ More than 600 bitcoin ATMs have been taken offline worldwide in 2 months.

Authorities are searching for and shutting down crypto ATMs that are frequently involved in extortion and scams.

According to data from Coin ATM Radar, the global Bitcoin ATM network lost 435 and 182 machines in July and August.

Losses from ATM scams exceeded $110 million in 2023.
These scams typically involve fraudsters persuading victims to transfer their funds using Bitcoin ATMs under deceptive or fraudulent promises.

WHAT ARE THE BIGGEST OBSTACLES TO DePIN GROWTH??
In a recent appearance at ETHToronto, Frank Mathis highlights the next steps for DePIN’s future.

GenesysGo founder Frank Mathis is no stranger to the highs and lows of crypto’s thriving DePIN sector.

Drawing on his years of experience, Mathis joined other DePIN thought leaders at ETHToronto, including Helium COO Scott Sigel, to discuss the future of the sector.

“If DePIN solves that, DePIN is inevitable”
Like many passionate crypto community members, DePIN advocates staunchly argue that DePIN is inevitable. Speaking to hundreds of crypto enthusiasts at ETHToronto, Mathis offered a refreshing point of view.

The GenesysGo founder argues that value creation for contributors is one of the most integral aspects of running successful DePIN networks. Mathis highlighted that, while DePIN promises to reward contributors as decentralized software scales, “it’s shocking how much of that is running on AWS and Google Cloud.”

For example, over 50% of Ethereum node operators are hosted on AWS, Hetzner, and OVH servers.

Reiterating the importance of wealth creation for contributors, Mathis contends “what DePIN really is, is an attempt to take one of the most centralized layers of the stack and decentralize that amongst the people such that they start to participate in the growth and success of these models.”

GenesysGo’s ShdwDrive is one such example. The decentralized storage solution empowers users to earn $SHDW tokens by providing unused mobile storage to a distributed network, directly generating income from a device that lives in their pocket.

Reflecting the ideal DePIN model proposed by Mathis, network contributors benefit from the growth and success of the platform. The GenesysGo founder reinforced this notion, opining “DePIN is only as inevitable as the value that participants in the network get from it… if DePIN solves that, DePIN is inevitable.”

POOR PERFORMANCE “ONE OF THE BIGGEST FAILINGS OF DePIN”
On paper, the benefits of DePINs are obvious. However, in practice, these platforms often sacrifice performance and scalability in favor of decentralization. While this aids in value creation for contributors and increases security, it actually hamstrings performance and growth.

DePIN is often considered the natural evolution of the sharing economy, which delivered iconic businesses like Uber and Airbnb.

Drawing parallels between the pearls of the sharing economy and emerging DePIN projects, Mathis illustrated that “Uber became highly successful, not just because you’re able to share in pieces of things you don’t use everyday.. but because it worked well, it was fast, it was easy to use.”

Mathis argues that for DePIN projects to truly take off, they need to rival the performance standards set by centralized industry leaders. Referencing his experience with GenesysGo, the founder posits “in our case, our first principle [is] decentralized storage needs to be as fast, as secure, as stable, and perform every bit as well as a traditional Web2 cloud service.”

ABSTRACTION IS KEY
The Web3 user experience has long been considered one of the industry’s biggest obstacles to adoption. The complexities of wallet management and security have discouraged newcomers to space for over a decade, and continue to repel potential users today.

Mathis insists that abstracting the end-user experience away from blockchain technology is key to the success of the industry. Reinforcing this belief, the founder affirms “Your end user shouldn’t know that they’re interacting with Web3”

Looking towards the future, Mathis considers DePIN regulation will present a significant obstacle to the sector’s growth. However, instead of taking a chagrined approach to future regulatory concerns, the GenesysGo founder suggests that DePIN projects need to take on some responsibility.

Grass airdrop checker is now live!

Total supply: 1 billion $GRASS , with 10% for the first airdrop.

Airdrop Breakdown:

Closed Alpha: 1.5%
Epochs 1-7: 7%
Bonus Epoch: 0.5%
To Be Announced: 1%

📊 Weekly Outlook Charts Sep 2-6:

$BTC $SOL $ETH $WIF

Markets just took a turn 📉
What happened and where are we going?

Bull over? 😞

Heres what you need to know: 👇

🚨Market Breadth is flashing warning signs, with MMMTH, MMMFI, and MMMTW indicators suggesting a potential rotation out of risk. When combined with other indicators such as market fear/greed being neutral, AAII sentiment being 2% off its 1 year bullish high, its likely we will see a rotation out of risk such as crypto - paving a short opportunity for risky assets in crypto (political tokens, meme tokens etc)

https://www.tradingview.co.../

📉 #DXY retest of trend line on broad market pullbacks/weakness. Bearish continuation expected until EOY. Short term upside, longer term downside. 96 on DXY still on the table.

https://www.tradingview.co.../

📈 #SPY breadth is peaking on the 200, 50, and 20 D (see market breadth above)

When the market is running low on breadth, there will be some rotation or correction. Selling expensive stocks for cheaper ones (most likely cyclical's) will cause some selling pressure on the bigger names like NVDA, AAPL etc. Expect sidways choppiness for the majority of the market.

Ichimoku still indicating bullish continuation. Q4 will be good. Target at 6000 remains.

https://www.tradingview.co.../

⛽️ #USOIL staring its trend toward $61 oil as expected. It would have to be an alarming geopolitical situation to turn the course of OIL back up

https://www.tradingview.co.../

⚠️ #btc bulls be very cautious here!

Bear case:
1. SPY breadth running out of steem
2. SPY seasonal weakness in September
3. BTC is below 20 W EMA, 50/200 D MA bearish cross
4. BTC Weekly close below the ichimoku cloud.

Still possible for a 70k retest at trendline, but Bear case outweighs the bull base

https://www.tradingview.co.../

📉 #eth still lagging behind. Alts in general will enjoy a beating as BTC chops/declines.

2k retest is on the horizon.

https://www.tradingview.co.../

Central and Southern Asia Explore Sustainable Alternatives Following Bitcoin Mining Boom
Once a thriving hub for Bitcoin mining, Central and South Asia’s crypto community pivots to more sustainable networks.

While the Wed3 world focuses on international heavyweights like China and the United States, Central and South Asia (CSA) boasts a thriving and diverse crypto economy.

India and Pakistan enjoy some of the highest crypto adoption rates in the world, while cheap energy costs and regulatory clarity made Kazakhstan a Bitcoin mining hub in 2021.

As the crypto community seeks sustainable alternatives, Solana emerges as a prime candidate to support growing adoption in CSA nations.

Central Asia’s Bitcoin Mining Boom
Following the exodus of Bitcoin miners from China in 2021, Central Asian countries like Kazakhstan and Kyrgyzstan played host to huge amounts of crypto mining activity.

Abundant in natural resources, low energy costs, and crypto-friendly laws, the area quickly evolved into a thriving hub Bitcoin mining hub. Crypto mining operations paid as little as.03 per kWh for electricity in Kazakhstan, making it one of the world’s most cost-effective nations for Bitcoin farms.

This led to a surge in crypto adoption rates in Central Asia, with Kazakhstan becoming the world’s second-ranked Bitcoin mining nation in 2021. At its peak in October 2021, Kazakhstan accounted for 18% of the global Bitcoin hashrate. However, Central Asia’s mining utopia couldn’t last forever.

KAZAKHSTAN BITCOIN MINING INDUSTRY OVER TIME

The rising demand for energy put a significant strain on the Central Asian power grid, causing sporadic outages as aging Soviet-era infrastructure struggled to keep up. By May 2023, Kazakhstan’s contribution to the global hashrate had dropped to as low as 4%.

A wrath of regulations have since been implemented to curb crypto mining in Kazakhstan. New mining-specific tax rates have been introduced, and crypto miners in the nation are required by law to sell 75% of their revenue via centralized exchanges.

Meanwhile, neighboring countries like Kyrgyzstan and Uzbekistan are exploring more sustainable energy alternatives, including solar and hydroelectric farms.

IS SOLANA A CONVENIENT SOLUTION Solution?
Courtesy of its hybrid Proof-of-Stake/Proof-of-History consensus mechanism, Solana is one of the most environmentally friendly blockchains in the crypto industry. According to Solana Labs, one transaction requires less energy than a Google search. Additionally, Solana is carbon neutral, having implemented numerous carbon offsetting initiatives.

🔥 ATTENTIVE 🔥

This sector wants to revolutionize the industry #crypto and decentralization 👀‼️

The #crypto sector has exploded in recent months, but it still has many problems that limit mass adoption…

But this is about to change ⏳

A golden opportunity for DCA?

We are below the critical mark of $63 ,100, the average price paid by investors who arrived less than six months ago.

Result: 26% of $BTC are in loss, and fear continues to haunt minds!

Marinade Finance, one of Solana’s original staking providers, has found itself in hot water with validator operators.

Validators argue that Marinade’s new Stake Auction Marketplace (SAM) harms the staking landscape, allowing malicious actors to thrive at the expense of honest validators.

Beyond losing stake in the network, chagrined validators suggest that, left unchecked, the SAM model is a threat to decentralization and Solana’s scalability moving forward.

Marinade has dismissed these accusations. Countering claims of apathetic negligence, Marinade argues those who criticize the new system do so out of spite.

Is this a case of willful blindness, or are validators looking for a scapegoat to blame for their own shortcomings?

WHY ARE VALIDATORS UPSET?
Once heralded as a powerful new model that would push staking APY to new heights, the SAM has drawn scorn and skepticism from certain validators. Marinade’s SAM enables validators to bid on network stake, with winners securing stake and passing on elevated rewards to delegators.

To win auctions, validators competitively bid on network stake. However, surging demand for stake has driven validators to bid at potentially unsustainable levels. In previous epochs, winning validators needed to yield over 10% APY to win auctions, a rate considered impossible to achieve through native staking alone.

This has led certain operators to speculate on how these validators can afford such high bids. Suggesting that such yield can only be achieved through malicious activities, like sandwich attacks, private mempools, and off-chain deals, some validators argue that Marinade is turning a blind eye to dishonest validators.

Distressed validators have created analytics dashboards to express their frustrations and support their claims. Hanabi’s ‘Marinade Stake Selling’ dashboard highlights that a number of validators flagged for malicious activity have won stake through the SAM.

Responding to accusations levied by third-party dashboard creators, Marinade CEO Michael Repetny argues “Hanabi lacks any methodology, they only copy labels from other Stakewiz dashboard to call it a day.”

Adding further context to the claims of disgruntled operators, Repetny affirms “Hanabi lost 1M SOL from Marinade so it’s understandable he fights the new system.”

Concerned validators have taken to Marinade’s Discord server to air their grievances. Operators have claimed that, through the SAM, over 2.7M SOL has been staked to questionable validators, including sybils and sandwiches. Disgruntled operators even suggested “Marinade wants you to have side deals, ethical or not.”

Additionally, validators have argued that if “most of the mSOL pool is delegated to unethical validators it’s a really bad look for the Solana ecosystem.”

In an exclusive statement with SolanaFloor, Max Kaplan, Head of Engineering at Edgevana, credits Marinade for trying something inventive that “had never been done before”.

However, Kaplan admits that Marinade “went full capitalist… basically, the highest bidder wins. Marinade doesn’t really care if a validator bids for stake and is just gonna lose money on that stake, that’s not their problem… They’re happy to take the money and give that to mSOL holders.”

Experts argue that in current conditions, staking yield over 10% simply isn’t sustainable. Kaplan contends “10% APY is higher than the native staking yield that is paid out on chain. The money has to come from somewhere.”

Without making any accusations, Kaplan theorizes that additional yield could potentially come from a validator’s own “marketing/growth budget” or other sources like “SWQoS / private mempool deals”.

Responding to any accusations, Repetny reinforces Marinade's stance that “SAM provides the best yield on the market for delegators. It is not an active policy maker or opinionated strategy to tweak the network.”

🐋 Wallets holding 100 or more bitcoins reach 16,120 wallets, their highest level in 17 months.

“A net gain of +283 wallets containing at least 100 BTC emerged in just one month.”

🇺🇸 Donald Trump was "orange plundered" by 3 friends from Puerto Rico.

Amanda Fabiano, Bitcoin miner, Tracy Hoyos-López, former California prosecutor, and David Bailey, CEO of BTC Inc. media group and organizer of the conference in Nashville, spent months secretly teaching Bitcoin to Donald Trump.

In the bitcoin language, Trump was "orange-pilled" at that time.

An expression that dates back to 1999 in the film Matrix, where Neo must choose between the red pill, which gives access to the disturbing truth about the world, or the blue pill, which will leave him in his ignorance.

The orange pill therefore refers to the official color of bitcoin.

https://www.cnbc.com/2024/...

📊 Weekly Outlook: September 2-6 📊

Market News & Sentiment 📰

- BCA research warns of AI sector slowdown impacting stock market more than economy 🤖- Labor market weakness expected to continue 💼
- Fed blackout period begins after September 6 🗣️
- Market anticipating 25bps rate cut in September 📉
- Analysts forecast 2 more ECB rate cuts by year-end 📊

Events This Week 📅

- Monday:
🇬🇧 UK Manufacturing PMI 📊

- Tuesday:
🇺🇸 US Manufacturing PMI, Fed GDP Now 📊

- Wednesday:
🇪🇺 EU Composite PMI, Services PMI 📊
🇨🇦 CAD Interest Rate Decision 📈
🇺🇸 US Job Openings, Beige Book 📊
Earnings: Dollar Tree 📊

- Thursday:
🇺🇸 US Jobless Claims, Fed Balance Sheet 📊

- Friday:
🇪🇺 EU GDP 📊
🇺🇸 US Payroll Data, Participation Rate, Unemployment 📊
Earnings: Kroger 📊

Risk Appetite 🤔

- Truflation: 1.55% 🔥
- Market Fear/Greed Index: 63 (neutral) 📊
- Market Breadth: Extreme Greed 🚀
- Put/Call Ratio: Neutral 📊
- Junk Bond vs Investment Grade: Fear 😬
- AAII Sentiment: 2% off 1-year bullish high 📈
- Crypto Fear/Greed Index: 28 (Fear) 😨
- High Yield Bond Premium: 3.15% (slight decrease) ⬇️
- High Yield Effective Yield: 7.8% (slight increase) ⬆️

Market Breadth 📈

- SPX stocks above 200D MA: 62% (increase from last week) 📈
- SPX stocks above 50D MA: 66% (increase from last week) 📈
- SPX stocks above 20D MA: 79% (substantial increase from last week) 🚀
- NASDAQ new highs - new lows: 61 📊
- SPY 52-week highs - 52-week lows: -7 📊
- SPY New highs - New lows: Monthly 114, Weekly 93 📊

Other 📊

- Fed Rate Monitor Tool: 70% probability of 25bps, 30% probability of 50bps 📊

At #Bitcoin , there are almost $14B in SHORT that will be liquidated once the price reaches $72 .8K, that will be the fuel that will drive the next bullish rally in the asset, which will take us to $100K in the next 4-5 months

BTC, locally the 60,000 level is lost. At current levels, the local support zone is 57,600-55,900. Bitcoin is more likely to reach this support zone, from where it will be necessary to monitor the reaction in this zone. It is more likely that we will see a correction with a local flat for some time during the next week. It is also necessary to monitor the zone in which Bitcoin has been located since August 8, see the chart. (local support and resistance zone)

withdrawal from exchanges exceeds input - correlation

Altcoins, next week I will start the final set of coins for medium and long term. There is no endless correction, and there is no endless growth. Altcoins have been in correction for 5 months now.

https://www.tradingview.co.../

So many partnerships but no launchpad or end product yet

It’s been months lol

Hmmm

BTC, Bitcoin's local setup is still holding, holding the local support zone. But still, now the main movement is following a medium-term setup, a medium-term pattern. Now the price is just below the middle of this pattern and below 60,000, there has been no consolidation below. The bulls have literally several days to return the level of 60,000 and go above the local resistance zone. Also, the local key zone is 62,000, where there is an open level. Let me remind you that many major players and traders are waiting for September 11th. US inflation data, which can be used to predict a future rate cut on September 18. Two key days in September! There is minimal time left. A market reversal is more than likely to occur during these dates. But don't expect that one candle will reach the highs in one hour! The altseason is 21 years old, the main part of altcoins went to the historical max. 8 months. And a number of other altcoins were moving towards a historical maximum of +-16 months (for example, LUNA). On this squiz, the whales actively bought Bitcoins and took them off the exchanges while the paper snot whined and sold their bitcoins.

the withdrawal from the exchanges exceeds the input - 40%, 17,000 btc

Altcoins, the month of September will be key, an additional set of altcoins will be closer to September 11th. It is on the dogosrok-the average day. The turnaround will be fast and many will bite their elbows. But there is still time and perhaps one of the last chances. Let me remind you that we are at the beginning of a new cycle!

https://www.tradingview.co.../

BIG SUPPLY, BIG PROBLEMS AS SOLANA’S NFT MARKET REJECTS LARGE COLLECTIONS

Fresh minting mechanics are bringing greater security to Solana NFTs, but new mints and large collections struggle to garner attention and are trading below mint price.

New NFT collections have learned a painful lesson this week. If it wasn’t obvious due to stagnant floor prices and diminishing trade volume, launching a fresh collection in these conditions is a difficult task.

Despite commentators claiming these hyped collections will usher in a “new era” and whitelist spots selling at over $50 apiece on open markets, launches from Pathfinders and Hermans have failed to meet expectations.

Will Solana’s NFT market ever witness another successful 10,000 NFT collection? Or are small supplies the only way of conserving value?

ONLY 21% OF PATHFINDER'S RISK-FREE NFTs MINTED

Despite proposing a new, risk-free method of launching Solana NFTs, the Pathfinders collection faces difficulty minting out. At press time, only 2,125/10,000 NFTs have been minted, falling well short of expectations.

Pathfinder’s novel LST-backed NFT collection launched with noble intentions. Providing an alternative mechanic that aims to protect minters, the collection has launched Solana’s first un-ruggable NFTs.

Unlike standard NFT mints, Pathfinders NFTs are minted using pathSOL, the project’s native liquid staking token. Holders reserve the right to redeem their NFT for the underlying pathSOL used to mint the asset, essentially securing the NFT’s value at a minimum of 2pathSOL.

Regardless, Solana’s NFT community has largely ignored the project’s novel approach to minting. Supporters of the new mechanic took to social media to express their disappointment with the NFT community’s apparent apathy. 

Commentators noted that network participants have collectively poured thousands of SOL into extractive and malicious actors, but are unwilling to support builders providing meaningful alternatives.

‘Hyped’ New Mint Immediately Under Floor - Are Presales to Blame?

Boasting a sold-out presale that constituted 55% of the total supply, the Hermans NFT collection suffered a similar fate. Priced at 1.5 SOL per NFT, Hermans struggled to attract interest during the public mint, forcing the team to take drastic action.

Hermans trading on secondary marketplaces like Tensor and Magic Eden was locked until the mint was complete, meaning holders were unable to list their assets. The team took it upon themselves to buy all unminted assets. The Hermans’ treasury now holds over 1,600 NFTs, roughly 33% of the supply.

Almost immediately, the collection began trading beneath mint price as presales and regretful minters clamored to liquidate their holdings for SOL. Hermans currently exchange hands at 0.84 SOL, down 44% from the original mint price.

While poor NFT market conditions are a significant contributor to the recent slew of disappointing NFT launches, social media commentators have argued that NFT presales are also to blame.

Low Supply NFT Collections Retain Value

In recent years, NFT markets have witnessed countless large supply collections suffer devastating downtrends. 

Top Solana collections like Mad Lads, Tensorians (pictured), and Claynosaurs have all endured significant drawdowns, while dozens of less-resilient projects have effectively plummeted to zero.

Comparatively, low supply and 1/1 NFT collections have retained their value remarkably well. Limited supply art collections like Boogles, Dead King Society, and The SixNine are typically only available through OTC deals and have maintained comparatively stable floors, regardless of SOL price fluctuations.

Arguably, this suggests that the most valuable utility NFTs offer is access to exclusive communities. Alternatively, it could also indicate that low-supply collections with low market liquidity create an elite sense of perceived value, which has supported the valuations of these co