8 mins. ago
Phantom has introduced custom usernames, which enables users to send and receive crypto with personalized names instead of wallet addresses. The update includes synchronized settings across devices and a built-in address book.
5 days ago
🤖 OpenAI launches its new ChatGPT o1 model, with reasoning capabilities worthy of a math student.
ChatGPT o1 is designed to spend more time thinking before answering.
ChatGPT o1 is designed to spend more time thinking before answering.
6 days ago
🇺🇸 Cryptocurrencies were not mentioned during the debate between Kamala Harris and Donald Trump tonight.
The latter, however, saw its rating drop by 3% on the Polymarket prediction market, compared to a 3% increase for Kamala Harris 📊
The latter, however, saw its rating drop by 3% on the Polymarket prediction market, compared to a 3% increase for Kamala Harris 📊
8 days ago
Prices may be down, but Grayscale's making bull market bets if you know where to look.
These are the assets that have caught the attention of Crypto's Wall Street whisperer 👇
========================================
When Grayscale announces a new Trust for a particular asset, the market often reacts with a mix of excitement and skepticism.
It's a bit like a double-edged sword: a signal of saturation for some and a beacon of hope for others.
Some might interpret the launch as a sign that the market for that asset is reaching saturation or at least limited upside potential in crypto terms.
On the one hand, it’s a stamp of approval from a major player in the crypto space. It can lend legitimacy to the asset, potentially attracting institutional investors, and, at the very least, boost media coverage.
Grayscale has been adding new investment products at a faster clip, showcasing their conviction that we’re in the middle innings of a crypto bull market fueled by a grand slam of bullish signals: #Bitcoin ETF inflows, the long-awaited $ETH ETF launch, increasing stablecoin adoption, and steady growth in TVL across DeFi.
As a quiet giant in the industry, investors continue to watch what Grayscale is backing and what that says about their impressions of which direction the industry is headed. What assets have caught their attention lately? Let's find out. 👇
----------------------------------------------------------
Grayscale Decentralized AI Fund (FIL, NEAR, RNDR, LPT, TAO)
Grayscale Bittensor Trust (TAO)
Bittensor envisions a world where AI isn't a tool in the hands of a few corporations but a resource democratized for all. It aims to create an "Internet of AI" where everyone can contribute and benefit from AI models. $TAO incentivizes participants to contribute to the network by providing rewards for tasks like validating models and running AI computations.
As the AI race among big tech companies heats up, Grayscale believes that Bittensor offers a compelling alternative approach towards AI development, one that encourages a wider range of participants and ideas.
Grayscale SUI Trust (SUI)
$Sui boasts a novel blockchain design that prioritizes scalability and user experience. It allows for parallel processing, tackling multiple transactions simultaneously.
SuiNetwork
's competitive edge comes down to its custom-built programming language, Sui Move, which streamlines smart contract development and execution.
As the need for blockspace and faster execution in crypto increases, Grayscale believes that Sui opens the door to a new wave of decentralized applications that were previously limited by existing blockchain infrastructure.
The Grayscale Effect
Overall, the impact of a Grayscale Trust launch is highly subjective to the specific asset. By no means does it signify that the asset is destined for greatness. Take the Grayscale Decentraland Trust (MANA), for instance.
The key takeaway is that Grayscale's bullish outlook on crypto is evident in its recent product launches. They believe we're currently in a bull market and are positioning themselves accordingly.
Analysis by arjunnchand
These are the assets that have caught the attention of Crypto's Wall Street whisperer 👇
========================================
When Grayscale announces a new Trust for a particular asset, the market often reacts with a mix of excitement and skepticism.
It's a bit like a double-edged sword: a signal of saturation for some and a beacon of hope for others.
Some might interpret the launch as a sign that the market for that asset is reaching saturation or at least limited upside potential in crypto terms.
On the one hand, it’s a stamp of approval from a major player in the crypto space. It can lend legitimacy to the asset, potentially attracting institutional investors, and, at the very least, boost media coverage.
Grayscale has been adding new investment products at a faster clip, showcasing their conviction that we’re in the middle innings of a crypto bull market fueled by a grand slam of bullish signals: #Bitcoin ETF inflows, the long-awaited $ETH ETF launch, increasing stablecoin adoption, and steady growth in TVL across DeFi.
As a quiet giant in the industry, investors continue to watch what Grayscale is backing and what that says about their impressions of which direction the industry is headed. What assets have caught their attention lately? Let's find out. 👇
----------------------------------------------------------
Grayscale Decentralized AI Fund (FIL, NEAR, RNDR, LPT, TAO)
Grayscale Bittensor Trust (TAO)
Bittensor envisions a world where AI isn't a tool in the hands of a few corporations but a resource democratized for all. It aims to create an "Internet of AI" where everyone can contribute and benefit from AI models. $TAO incentivizes participants to contribute to the network by providing rewards for tasks like validating models and running AI computations.
As the AI race among big tech companies heats up, Grayscale believes that Bittensor offers a compelling alternative approach towards AI development, one that encourages a wider range of participants and ideas.
Grayscale SUI Trust (SUI)
$Sui boasts a novel blockchain design that prioritizes scalability and user experience. It allows for parallel processing, tackling multiple transactions simultaneously.
SuiNetwork
's competitive edge comes down to its custom-built programming language, Sui Move, which streamlines smart contract development and execution.
As the need for blockspace and faster execution in crypto increases, Grayscale believes that Sui opens the door to a new wave of decentralized applications that were previously limited by existing blockchain infrastructure.
The Grayscale Effect
Overall, the impact of a Grayscale Trust launch is highly subjective to the specific asset. By no means does it signify that the asset is destined for greatness. Take the Grayscale Decentraland Trust (MANA), for instance.
The key takeaway is that Grayscale's bullish outlook on crypto is evident in its recent product launches. They believe we're currently in a bull market and are positioning themselves accordingly.
Analysis by arjunnchand
11 days ago
Sonic SVM, the first Atomic SVM chain on Solana, has announced a $12 .8M HyperGrid node sale which is the first of its kind on Solana. The sale, which features 50,000 "HyperFuse nodes," begins in three stages:
- A Tier 1 Raffle on 9/16
- A Whitelist Sale on 9/18
- A Public Sale on 9/19.
- A Tier 1 Raffle on 9/16
- A Whitelist Sale on 9/18
- A Public Sale on 9/19.
11 days ago
🤯 That's what drops are all about
During a party at his house, a guy decided to check out a drop from GRASS. After seeing it, he smashed his monitor in front of all the guests.
That's the limit of frustration 😟
During a party at his house, a guy decided to check out a drop from GRASS. After seeing it, he smashed his monitor in front of all the guests.
That's the limit of frustration 😟
12 days ago
Daily Memecoin Recap - September 5
Memecoins on cardano has to be the biggest meme
Runners Of The Day
$dcc -> $240k to $1 .3m (5.4x), Drunk Chicken Centipede, check bullx/photon to see the right market cap
$dm -> hit $812k , Darcell Migel, original twitter followed by Cobratate & TateTheTalisman
$evil -> hit $458k , "Evil Kermit"
$main -> hit $332k , "Main Character"
Pump Fun-like Platform On Cardano -> snekdotfun
- So many coin-launchpads have been releasing
- Imo pumpdotfun will forever remain the king long-term
Old Coins Reviving
$rocky -> $2m to $5 .5m (2.75x), team started pushing again
$mbc -> $188k to $1m (5.3x), "Mutant Boys Club", launched in July
Animal Memes
$chi -> hit $283k , cat meditating
$sp500 -> hit $213k , Sonic Parrot 500
$selfmade -> hit $200k , dog meme, X community
More Cooks
$bud -> $722k to $2 .46m (3.4x)
$think -> $215k to $800k (3.7x), "Think About It...", X community
$pe -> hit $287k , Half of $pepe
Did you cook? 🍜
Memecoins on cardano has to be the biggest meme
Runners Of The Day
$dcc -> $240k to $1 .3m (5.4x), Drunk Chicken Centipede, check bullx/photon to see the right market cap
$dm -> hit $812k , Darcell Migel, original twitter followed by Cobratate & TateTheTalisman
$evil -> hit $458k , "Evil Kermit"
$main -> hit $332k , "Main Character"
Pump Fun-like Platform On Cardano -> snekdotfun
- So many coin-launchpads have been releasing
- Imo pumpdotfun will forever remain the king long-term
Old Coins Reviving
$rocky -> $2m to $5 .5m (2.75x), team started pushing again
$mbc -> $188k to $1m (5.3x), "Mutant Boys Club", launched in July
Animal Memes
$chi -> hit $283k , cat meditating
$sp500 -> hit $213k , Sonic Parrot 500
$selfmade -> hit $200k , dog meme, X community
More Cooks
$bud -> $722k to $2 .46m (3.4x)
$think -> $215k to $800k (3.7x), "Think About It...", X community
$pe -> hit $287k , Half of $pepe
Did you cook? 🍜
12 days ago
🟡 Globees officially launches the first vacation rental platform on the blockchain, with first accommodations available across the world and many more to come 🔥
Thanks to blockchain technology, its staking program and its eco-responsible charter, this RWA project aims to revolutionize the way we book trips ☀️
https://x.com/globees_proj...
Thanks to blockchain technology, its staking program and its eco-responsible charter, this RWA project aims to revolutionize the way we book trips ☀️
https://x.com/globees_proj...
13 days ago
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.
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.
14 days ago
15 days ago
Daily Memecoin Recap - September 2
The past week has been absolutely dead, but volume picked back up today
GameFi Coins
$explore -> ExploringOnSOL
, functioning game coming out, team is good, hope this starts a new meta
Ethereum Pump Fun
$vista -> hit $30m , ethervista
- Users are responsible for creating their own coin contracts, EtherVista only offers a "Launch" feature
- By supplying coins and ETH, users receive LP tokens for EtherVista's DEX, with the option to burn these tokens
- The DEX has a fixed-fee structure, distributing fees to LP providers, coin creators, and $VISTA developers
- This is more of a unique UniswapV2-style DEX rather than a typical pump-and-dump scheme
Fascist.eth Coins
$xd -> hit $9m , someone threatened that they would leak psyoptrick's past & nudes, instead she did it herself
$obama -> hit $552k , "Bitcoin Obama", pushed by
psyoptrick
Runners Of The Day
$yukie -> $150k to $630k , dog meme, launched in August heavily pushed today, ATH $1 .65m
$tommy -> hit $3 .2m, another cute dog, coordinated push
$gib -> hit $2 .5m, "A marketplace for work"
$ultra -> hit $800k , "UltramanGodzillaNebulaM78", good content
$look -> hit $800k , "Look bro...", viral meme on CT these past few days
$pin -> hit $730k , Post-It Note, memes on a post-it note
Wei Wu Trolls Ansem
$wisdom -> hit $580k , based on WuWei113
, who beefed with blknoiz06 recently
Dexscreener introduces new boosts & gold tickers
$abcde -> hit $850k , slow grind up since launch, based team
Fwog Is King
$fwog -> $45m to $91 .6m (2.03x from the low), one of the strongest memes despite the market downturn
$fwag -> hit $1 .3m, gay $fwog , " You missed $FWOG ? You must be a $FWAG "
Smoking Chicken Fish Betas
$dcc -> hit $2 .5m, "Drunk Chicken Centipede", $scf vibes
$btc -> hit $785k , "Big Titty Chicken"
Other Cooks
$bud -> hit $1m
$bullet -> hit $450k , functioning game
$gugu -> hit $396k , CTO
$frfr -> hit $340k , "Fref & frof"
$katana -> hit $309k , "First Blind Dog On Solana"
$fwc -> hit $258k , "Farting Whoopie Cushion"
Differentiate having a long-term outlook on your spot bags vs a short-term outlook when trading memes
The past week has been absolutely dead, but volume picked back up today
GameFi Coins
$explore -> ExploringOnSOL
, functioning game coming out, team is good, hope this starts a new meta
Ethereum Pump Fun
$vista -> hit $30m , ethervista
- Users are responsible for creating their own coin contracts, EtherVista only offers a "Launch" feature
- By supplying coins and ETH, users receive LP tokens for EtherVista's DEX, with the option to burn these tokens
- The DEX has a fixed-fee structure, distributing fees to LP providers, coin creators, and $VISTA developers
- This is more of a unique UniswapV2-style DEX rather than a typical pump-and-dump scheme
Fascist.eth Coins
$xd -> hit $9m , someone threatened that they would leak psyoptrick's past & nudes, instead she did it herself
$obama -> hit $552k , "Bitcoin Obama", pushed by
psyoptrick
Runners Of The Day
$yukie -> $150k to $630k , dog meme, launched in August heavily pushed today, ATH $1 .65m
$tommy -> hit $3 .2m, another cute dog, coordinated push
$gib -> hit $2 .5m, "A marketplace for work"
$ultra -> hit $800k , "UltramanGodzillaNebulaM78", good content
$look -> hit $800k , "Look bro...", viral meme on CT these past few days
$pin -> hit $730k , Post-It Note, memes on a post-it note
Wei Wu Trolls Ansem
$wisdom -> hit $580k , based on WuWei113
, who beefed with blknoiz06 recently
Dexscreener introduces new boosts & gold tickers
$abcde -> hit $850k , slow grind up since launch, based team
Fwog Is King
$fwog -> $45m to $91 .6m (2.03x from the low), one of the strongest memes despite the market downturn
$fwag -> hit $1 .3m, gay $fwog , " You missed $FWOG ? You must be a $FWAG "
Smoking Chicken Fish Betas
$dcc -> hit $2 .5m, "Drunk Chicken Centipede", $scf vibes
$btc -> hit $785k , "Big Titty Chicken"
Other Cooks
$bud -> hit $1m
$bullet -> hit $450k , functioning game
$gugu -> hit $396k , CTO
$frfr -> hit $340k , "Fref & frof"
$katana -> hit $309k , "First Blind Dog On Solana"
$fwc -> hit $258k , "Farting Whoopie Cushion"
Differentiate having a long-term outlook on your spot bags vs a short-term outlook when trading memes
17 days ago
📊 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 📊
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 📊
19 days ago
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.../
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.../
19 days ago
Can cryptopunksnfts mount a comeback to a 100 ETH floor price?
WPeaster takes the pulse of Ethereum's most iconic NFTs 👇
========================================
WPeaster takes the pulse of Ethereum's most iconic NFTs 👇
========================================
22 days ago
🇦🇪 The United Arab Emirates is asking the French government to urgently provide Telegram CEO Pavel Durov with "all consular services".
Consular services are a series of services offered by diplomatic representations, intended to support and protect interests abroad.
This ranges from assistance in the event of detention, police custody or administrative detention, assistance in choosing a lawyer, provision of information on legal proceedings abroad, etc.
“Caring for citizens, preserving their interests and providing them with all necessary support are top priorities for the UAE.”
Durov, an entrepreneur of Russian origin, is an Emirati citizen
https://decrypt.co/246533/...
Consular services are a series of services offered by diplomatic representations, intended to support and protect interests abroad.
This ranges from assistance in the event of detention, police custody or administrative detention, assistance in choosing a lawyer, provision of information on legal proceedings abroad, etc.
“Caring for citizens, preserving their interests and providing them with all necessary support are top priorities for the UAE.”
Durov, an entrepreneur of Russian origin, is an Emirati citizen
https://decrypt.co/246533/...
UAE Monitors Arrest of Telegram CEO Durov as French Detention Sparks Global Outrage - Decrypt
The UAE’s Ministry of Foreign Affairs has requested the French government to urgently provide Telegram's CEO with consular services.
https://decrypt.co/246533/uae-monitors-arrest-of-telegram-ceo-durov-as-french-detention-sparks-global-outrage
22 days ago
Tokenized US Treasury Bonds Surpass $2 Billion!
Does this sentence (and its implications) seem incomprehensible to you?
Let's break it down together
1. US Treasury bonds
These are securities issued by the American government, purchasable by anyone on traditional financial markets.
You are literally lending money to the US government and in return for this nice gesture, you are promised a return (currently 3.8 %)
Treasury bills are simply acknowledgements of debt.
The US government is indebted to you (congratulations, you have a superpower in your pocket!)
2. “tokenized”
Literally: injected into a blockchain
Treasury bonds are transformed from a "virtual electronic" state (information on the hard drive of the Fed or a central bank) to a "cryptographic" state by being transposed in the form of digital assets (i.e. tokens) on a blockchain network.
We are talking about "tokenization of financial assets"
3. What for?
Let's simplify:
- Cheaper, lower costs for the issuer (government) and the holder
- Fewer intermediaries (savings on this side too)
- Excellent liquidity
- Unlimited fragmentation potential (a treasury bond is sold at least in tranches of $100 , with tokenization it is possible to divide this threshold by 10, 100, 10,000 to make the asset accessible to a wider audience)
- Transparent
- Ultra secure
- Auditable
- ...
To put it simply, there is SO much upside to using blockchain for financial assets that there is NO scenario where this technological approach will not prevail in the coming decade.
These 2 billion are therefore a very timid incursion into a market of 27,000 billion dollars just for US Treasury Bonds (and this without even counting other asset categories, such as indexes, shares, financial real estate, etc.)
In short and in conclusion, the tokenization of global financial assets and "The (real) next big thing" for blockchain and crypto
Does this sentence (and its implications) seem incomprehensible to you?
Let's break it down together
1. US Treasury bonds
These are securities issued by the American government, purchasable by anyone on traditional financial markets.
You are literally lending money to the US government and in return for this nice gesture, you are promised a return (currently 3.8 %)
Treasury bills are simply acknowledgements of debt.
The US government is indebted to you (congratulations, you have a superpower in your pocket!)
2. “tokenized”
Literally: injected into a blockchain
Treasury bonds are transformed from a "virtual electronic" state (information on the hard drive of the Fed or a central bank) to a "cryptographic" state by being transposed in the form of digital assets (i.e. tokens) on a blockchain network.
We are talking about "tokenization of financial assets"
3. What for?
Let's simplify:
- Cheaper, lower costs for the issuer (government) and the holder
- Fewer intermediaries (savings on this side too)
- Excellent liquidity
- Unlimited fragmentation potential (a treasury bond is sold at least in tranches of $100 , with tokenization it is possible to divide this threshold by 10, 100, 10,000 to make the asset accessible to a wider audience)
- Transparent
- Ultra secure
- Auditable
- ...
To put it simply, there is SO much upside to using blockchain for financial assets that there is NO scenario where this technological approach will not prevail in the coming decade.
These 2 billion are therefore a very timid incursion into a market of 27,000 billion dollars just for US Treasury Bonds (and this without even counting other asset categories, such as indexes, shares, financial real estate, etc.)
In short and in conclusion, the tokenization of global financial assets and "The (real) next big thing" for blockchain and crypto
22 days ago
📊 Weekly Outlook August 26-30:
Market focused on labor market data and Fed rate cuts 📊
News/Sentiment: 📊
• Uncertainty over 25 bps or 50 bps cut
• High focus on labor market (PCE data on Friday)
• Fed funds futures market is pricing in 100 BPS of cuts by EOY
• Market anticipating lower than usual expectation for NVDA earnings
Events This Week: 📅
Mon:
• 🇺🇸US: Durable Goods, Fed GDPNow
Tue:
• 🇩🇪GER: GDP
• 🇺🇸US: CB Consumer confidence, 2 year note auction
Wed:
• 🇺🇸US: 5 year note auction
• 💸 Earnings: NVDA
Thu:
• 🇺🇸US: Jobless claims, GDP
• 🇨🇳CNY: CPI
• 💸 Earnings: DG, ULTA, CPB, LULU
Fri:
• 🇪🇺EUR: CPI
• 🇺🇸US: PCE, Core PCE
Risk Appetite: 😬
• Truflation: 1.47%
• Market fear/greed = 54
• Market breadth = extreme greed
• Put/call = greed
• Junk bond vs investment grade = extreme fear
• AAII sentiment: 1% off 1 year bullish high
• Crypto fear/greed = 55 greed
• High yield bond premium = 3.21%
• High yield effective yield = 7% (slight decrease)
Market Breadth: 📊
• Percentage of $SPX stocks above 200D MA: = 61% (increase from last week)
• Percentage of $SPX stocks above 50D MA: = 67% (increase from last week)
• Percentage of $SPX stocks above 20D MA: = 77% (increase from last week)
• NASDAQ new highs - new lows = 114
• SPY 52 week highs - 52 week lows = 28
• SPY New highs - New lows = Monthly 98 ; Weekly 59
Other: 📊
• Fed rate monitor tool = 30% chance of 50 BPS cut, 70% chance of 25 BPS cut
Market focused on labor market data and Fed rate cuts 📊
News/Sentiment: 📊
• Uncertainty over 25 bps or 50 bps cut
• High focus on labor market (PCE data on Friday)
• Fed funds futures market is pricing in 100 BPS of cuts by EOY
• Market anticipating lower than usual expectation for NVDA earnings
Events This Week: 📅
Mon:
• 🇺🇸US: Durable Goods, Fed GDPNow
Tue:
• 🇩🇪GER: GDP
• 🇺🇸US: CB Consumer confidence, 2 year note auction
Wed:
• 🇺🇸US: 5 year note auction
• 💸 Earnings: NVDA
Thu:
• 🇺🇸US: Jobless claims, GDP
• 🇨🇳CNY: CPI
• 💸 Earnings: DG, ULTA, CPB, LULU
Fri:
• 🇪🇺EUR: CPI
• 🇺🇸US: PCE, Core PCE
Risk Appetite: 😬
• Truflation: 1.47%
• Market fear/greed = 54
• Market breadth = extreme greed
• Put/call = greed
• Junk bond vs investment grade = extreme fear
• AAII sentiment: 1% off 1 year bullish high
• Crypto fear/greed = 55 greed
• High yield bond premium = 3.21%
• High yield effective yield = 7% (slight decrease)
Market Breadth: 📊
• Percentage of $SPX stocks above 200D MA: = 61% (increase from last week)
• Percentage of $SPX stocks above 50D MA: = 67% (increase from last week)
• Percentage of $SPX stocks above 20D MA: = 77% (increase from last week)
• NASDAQ new highs - new lows = 114
• SPY 52 week highs - 52 week lows = 28
• SPY New highs - New lows = Monthly 98 ; Weekly 59
Other: 📊
• Fed rate monitor tool = 30% chance of 50 BPS cut, 70% chance of 25 BPS cut
27 days ago
LETS HYPE THIS UP AND GET MORE PROJECTS USING BULLVERSE!!!! cant wait for bullverse to do something better than X spaces lol!
SUPER EXCITED FOR OUR 4TH $NOOZ ROOM Chill & Shill... Spaces on X tomorrow!!
We've got some Huge $NOOZ for you guys on a new service that we've been working on for the last few weeks!! DON'T MISS THIS ONE!!
We have got 26 Amazing guest projects coming along to speak! Thursday 22/08/2024 10PM BST, 5PM EST!
kitsunetokensol
SharbiToken
HEEHEESolana
@POPDOGsolcoin
UToobCoin
trumpworldsol
BullVerse_
MemeFestWTF
MemeBattleFun
PocoYouflix
spredict_io
redthemals
jasonowings5
lowIQFrens
onichansol
UberJeetsCTO
StashhApp
SOLbirddog
MEMECON_ASIA
DogeToolsDC
SPACE_P3NGUIN
OscarDogOnSol
PikapepeCoin
DogeSolTakeover
SUPER EXCITED FOR OUR 4TH $NOOZ ROOM Chill & Shill... Spaces on X tomorrow!!
We've got some Huge $NOOZ for you guys on a new service that we've been working on for the last few weeks!! DON'T MISS THIS ONE!!
We have got 26 Amazing guest projects coming along to speak! Thursday 22/08/2024 10PM BST, 5PM EST!
kitsunetokensol
SharbiToken
HEEHEESolana
@POPDOGsolcoin
UToobCoin
trumpworldsol
BullVerse_
MemeFestWTF
MemeBattleFun
PocoYouflix
spredict_io
redthemals
jasonowings5
lowIQFrens
onichansol
UberJeetsCTO
StashhApp
SOLbirddog
MEMECON_ASIA
DogeToolsDC
SPACE_P3NGUIN
OscarDogOnSol
PikapepeCoin
DogeSolTakeover
29 days ago
📊 Weekly Outlook August 19-23:
Market focused on Jackson Hole retreat on Friday for clues on rate cuts
News/Sentiment: 📊
• Market focused on Jackson Hole retreat on Friday for clues on rate cuts
• Global PMI data release on Thursday hints at global economic health
• Citi expects 25bps in September and 25bps in November
• Fed minutes from July FOMC to be released on Wednesday
• Labor market data is higher priority than inflation data to determine Fed rate cuts
Events This Week: 📅
Mon:
• 🇪🇺EUR: CPI, German PPI
• 💸 Earnings: Palo Alto ($PANW), Estee Lauder ($EL)
Tue:
• 🇨🇦CAD: CPI
• 🇯🇵JPY: Exports, trade balance
• 💸 Earnings: Lowes $LOW
Wed:
• 🇺🇸US: Fed minutes FOMC, 20-year bond auction
• 💸 Earnings: Tj Maxx $TJX , Target $TGT
Thu:
• Global PMI data
• 🇫🇷FR: Manufacturing/services PMI
• 🇩🇪GER: Manufacturing/services PMI
• 💸 Earnings: Dollar Tree $DLTR
Fri:
• 🇺🇸US: Powell speaks at Jackson Hole at 10am ET, Housing data
Risk Appetite: 😬
• Truflation: 1.42%
• Market fear/greed = 40
• Market breadth = neutral
• Put/call = greed
• Junk bond vs investment grade = extreme fear RiskAppetite
• AAII sentiment: 5% above historical bullish average
• Crypto fear/greed = 28 fear
• High yield bond premium = 3.29% (large decrease)
• High yield effective yield = 7.15% (large decrease)
Market Breadth: 📊
• Percentage of $SPX stocks above 200D MA: = 58% (increase from last week)
• Percentage of $SPX stocks above 50D MA: = 57% (increase from last week)
• Percentage of $SPX stocks above 20D MA: = 50% (substantial increase from last week)
• NASDAQ new highs - new lows = 38
• SPY 52 week highs - 52 week lows =-80
• SPY New highs - New lows = Monthly 68 ; Weekly 19
Other: 📊
• Fed rate monitor tool = 77% probability of 25 bps cut, 23% of 50 BPS cut
Market focused on Jackson Hole retreat on Friday for clues on rate cuts
News/Sentiment: 📊
• Market focused on Jackson Hole retreat on Friday for clues on rate cuts
• Global PMI data release on Thursday hints at global economic health
• Citi expects 25bps in September and 25bps in November
• Fed minutes from July FOMC to be released on Wednesday
• Labor market data is higher priority than inflation data to determine Fed rate cuts
Events This Week: 📅
Mon:
• 🇪🇺EUR: CPI, German PPI
• 💸 Earnings: Palo Alto ($PANW), Estee Lauder ($EL)
Tue:
• 🇨🇦CAD: CPI
• 🇯🇵JPY: Exports, trade balance
• 💸 Earnings: Lowes $LOW
Wed:
• 🇺🇸US: Fed minutes FOMC, 20-year bond auction
• 💸 Earnings: Tj Maxx $TJX , Target $TGT
Thu:
• Global PMI data
• 🇫🇷FR: Manufacturing/services PMI
• 🇩🇪GER: Manufacturing/services PMI
• 💸 Earnings: Dollar Tree $DLTR
Fri:
• 🇺🇸US: Powell speaks at Jackson Hole at 10am ET, Housing data
Risk Appetite: 😬
• Truflation: 1.42%
• Market fear/greed = 40
• Market breadth = neutral
• Put/call = greed
• Junk bond vs investment grade = extreme fear RiskAppetite
• AAII sentiment: 5% above historical bullish average
• Crypto fear/greed = 28 fear
• High yield bond premium = 3.29% (large decrease)
• High yield effective yield = 7.15% (large decrease)
Market Breadth: 📊
• Percentage of $SPX stocks above 200D MA: = 58% (increase from last week)
• Percentage of $SPX stocks above 50D MA: = 57% (increase from last week)
• Percentage of $SPX stocks above 20D MA: = 50% (substantial increase from last week)
• NASDAQ new highs - new lows = 38
• SPY 52 week highs - 52 week lows =-80
• SPY New highs - New lows = Monthly 68 ; Weekly 19
Other: 📊
• Fed rate monitor tool = 77% probability of 25 bps cut, 23% of 50 BPS cut
1 month ago
❌️ Drake lost another bet tonight....
He lost $450 ,000 after betting on Israel Adesanya to win...
Drake has won 17 bets and lost 189 bets...
He lost $450 ,000 after betting on Israel Adesanya to win...
Drake has won 17 bets and lost 189 bets...
1 month ago
🚨 Highlight of the interview between Elon Musk and Trump:
👉 The interview began with Elon Musk discussing a massive DDoS attack that severely disrupted and delayed the live broadcast, originally scheduled for 8 p.m. Musk said the incident clearly revealed the strong opposition to President Donald Trump's speech:
🔹 "This massive attack shows that there is a lot of opposition to people simply hearing what President Donald Trump has to say."
🔹 Elon Musk then found it fascinating that Thomas Crooks chose the most obvious location for an assassination attempt, although no one anticipated it.
🔹 “If the goal is to assassinate, what would be your favorite place? This building. This building would be number one,” Elon Musk remarked. Donald Trump agreed: “That would have been the most appropriate place.”
👉 Elon Musk then expressed his admiration for Trump's reaction to an assassination attempt. He praised the president's determination not to be defeated by this dramatic event, but to continue to fight with a firm will and a spirit of defiance.
🔹 “Your actions following this assassination attempt have been truly inspiring,” said Elon Musk.
👉 The conversation then turned to politics, with Donald Trump voicing scathing criticism of Vice President Kamala Harris for what he called blatant hypocrisy.
🔹 Donald Trump accused Harris of plagiarizing one of his proposals, that of abolishing taxes on tips, while at the same time supporting increased IRS surveillance of citizens' tips. He denounced this inconsistency by declaring: "These people are FAKES", highlighting the contrast between past actions and current positions.
🔹 Donald Trump recalled that the previous administration had hired 88,000 new IRS agents to closely monitor tips received by waitresses and carts. According to him, this policy was mainly aimed at increasing surveillance and imposing additional burdens on workers in these sectors.
🔹 However, Donald Trump pointed out that Harris had recently adopted his proposal to eliminate tip taxes, which he said illustrated political opportunism. He accused Harris of changing her position in response to political pressure, saying that the move was designed to improve her image and gain political advantage, while remaining at odds with the policies she previously supported.
👉 Elon Musk then expressed grave concern about the future of the United States if current border policies continue.
🔹 "I'm not sure we'll have a country anymore if open borders continue for four years," he warned.
🔹 Donald Trump added that if Kamala Harris were elected, it could lead to the arrival of 50 to 60 million people from various countries around the world.
🔹 “Inflation comes from government overspending because checks never bounce when they are written by the government,” Musk explained. He suggested the creation of a “government efficiency commission” to review and reduce wasteful spending, noting that interest payments on the national debt have now exceeded the defense budget, a situation that demands immediate action.
👉 Finally, Elon Musk addressed the subject of censorship, expressing harsh criticism towards Thierry Breton, the European Commissioner, whom he accuses of having tried to censor his conversation with Donald Trump.
🔹 Elon Musk referred to Breton's warning, who had said: "With a larger audience comes greater responsibility." This statement was perceived by Musk as an attempt to limit freedom of expression, which prompted him to react strongly.
🔹 To express his displeasure, Elon Musk shared a provocative meme addressed to Breton, asking him to “take a big step back and literally fuck off.” This reaction underlined his firm opposition to any form of censorship, especially when it seems to target freedom of expression on public platforms.
👉 Elon Musk then highlighted the way Donald Trump had handled freedom of expression during his first term.
👉 The interview began with Elon Musk discussing a massive DDoS attack that severely disrupted and delayed the live broadcast, originally scheduled for 8 p.m. Musk said the incident clearly revealed the strong opposition to President Donald Trump's speech:
🔹 "This massive attack shows that there is a lot of opposition to people simply hearing what President Donald Trump has to say."
🔹 Elon Musk then found it fascinating that Thomas Crooks chose the most obvious location for an assassination attempt, although no one anticipated it.
🔹 “If the goal is to assassinate, what would be your favorite place? This building. This building would be number one,” Elon Musk remarked. Donald Trump agreed: “That would have been the most appropriate place.”
👉 Elon Musk then expressed his admiration for Trump's reaction to an assassination attempt. He praised the president's determination not to be defeated by this dramatic event, but to continue to fight with a firm will and a spirit of defiance.
🔹 “Your actions following this assassination attempt have been truly inspiring,” said Elon Musk.
👉 The conversation then turned to politics, with Donald Trump voicing scathing criticism of Vice President Kamala Harris for what he called blatant hypocrisy.
🔹 Donald Trump accused Harris of plagiarizing one of his proposals, that of abolishing taxes on tips, while at the same time supporting increased IRS surveillance of citizens' tips. He denounced this inconsistency by declaring: "These people are FAKES", highlighting the contrast between past actions and current positions.
🔹 Donald Trump recalled that the previous administration had hired 88,000 new IRS agents to closely monitor tips received by waitresses and carts. According to him, this policy was mainly aimed at increasing surveillance and imposing additional burdens on workers in these sectors.
🔹 However, Donald Trump pointed out that Harris had recently adopted his proposal to eliminate tip taxes, which he said illustrated political opportunism. He accused Harris of changing her position in response to political pressure, saying that the move was designed to improve her image and gain political advantage, while remaining at odds with the policies she previously supported.
👉 Elon Musk then expressed grave concern about the future of the United States if current border policies continue.
🔹 "I'm not sure we'll have a country anymore if open borders continue for four years," he warned.
🔹 Donald Trump added that if Kamala Harris were elected, it could lead to the arrival of 50 to 60 million people from various countries around the world.
🔹 “Inflation comes from government overspending because checks never bounce when they are written by the government,” Musk explained. He suggested the creation of a “government efficiency commission” to review and reduce wasteful spending, noting that interest payments on the national debt have now exceeded the defense budget, a situation that demands immediate action.
👉 Finally, Elon Musk addressed the subject of censorship, expressing harsh criticism towards Thierry Breton, the European Commissioner, whom he accuses of having tried to censor his conversation with Donald Trump.
🔹 Elon Musk referred to Breton's warning, who had said: "With a larger audience comes greater responsibility." This statement was perceived by Musk as an attempt to limit freedom of expression, which prompted him to react strongly.
🔹 To express his displeasure, Elon Musk shared a provocative meme addressed to Breton, asking him to “take a big step back and literally fuck off.” This reaction underlined his firm opposition to any form of censorship, especially when it seems to target freedom of expression on public platforms.
👉 Elon Musk then highlighted the way Donald Trump had handled freedom of expression during his first term.
1 month ago
We have some big fans of Maestro Pro
So it’s a good thing we have a $100 ,000 giveaway running! Join in on those exclusive benefits by entering now for a chance to win.
That’s 500 winners - will you be one?
Check our pinned post for details!
🤖 https://t.me/MaestroTestim...
So it’s a good thing we have a $100 ,000 giveaway running! Join in on those exclusive benefits by entering now for a chance to win.
That’s 500 winners - will you be one?
Check our pinned post for details!
🤖 https://t.me/MaestroTestim...
1 month ago
🇺🇸 The city of Santa Monica, California has added a new “Bitcoin Office” section to its website.
The mission of the #Bitcoin Office is to identify and facilitate partnerships with the Bitcoin industry to actively support the city's economic recovery and create new employment opportunities.
Santa Monica also emphasizes Proof of Workforce, which aims to provide a comprehensive education on Bitcoin and its role in the modern economy.
https://www.santamonica.go...
The mission of the #Bitcoin Office is to identify and facilitate partnerships with the Bitcoin industry to actively support the city's economic recovery and create new employment opportunities.
Santa Monica also emphasizes Proof of Workforce, which aims to provide a comprehensive education on Bitcoin and its role in the modern economy.
https://www.santamonica.go...
1 month ago
📊 Weekly Outlook August 5-9:
Fears of global recession, US markets slip over weakening economic data 📉 #GlobalRecession #USMarkets
😬 News/Sentiment:
• Fears of global recession
• US markets slip over weakening economic data
• Pessimism over Middle east tensions
• Rumors of Jump Trading shutting down crypto operations
• 78% probability of 50bps cut in September 📉
• BofA believe employment numbers are over exaggerated
• Sahm rule triggered; 10/11 chance of recession in 4 months 📊
• Poor earnings, negative revisions and general pessimist outlook for earning season
• Harris' recent success in polls having negative impact on cryptos
• Yen-dollar carry trades unwinding, negatively affecting global markets 📉 #YenDollar #CarryTrades
📅 Events This Week (cont.):
•Tue: AUD: Interest rate decision and monetary policy statement, US: Fed GDP now #AUDRate #FedeGDP
•Wed: US: Consumer Credit report
•Thu: India: Interest rate Decision, US: Jobless claims, Fed Balance Sheet #ConsumerCredit #IndiaRate
😬 Risk Appetite:
• AAII sentiment: 7% off 1 year bullish high (as of last week)
• Market fear/greed = 19
• Market breadth = fear
• Put/call = extreme fear
• Junk bond vs investment grade = extreme fear
• Crypto fear/greed = 26
•High yield bond prem. = 3.72%
📊 Market Breadth:
• Percentage of $SPX stocks above 200D MA: = 55% (Decrease from last week)
• Percentage of $SPX stocks above 50D MA: = 49% (Decrease from last week)
• Percentage of $SPX stocks above 20D MA: = 30% (decrease from last week)
• NASDAQ new highs - new lows = -90
• SPY 52 week highs - 52 week lows =-291
• SPY New highs - New lows = Monthly 44 ; Weekly 4
Fed rate monitor tool = 95% probability of 25bps cut next meeting, 78% chance of 50bps (September 18th)
Fears of global recession, US markets slip over weakening economic data 📉 #GlobalRecession #USMarkets
😬 News/Sentiment:
• Fears of global recession
• US markets slip over weakening economic data
• Pessimism over Middle east tensions
• Rumors of Jump Trading shutting down crypto operations
• 78% probability of 50bps cut in September 📉
• BofA believe employment numbers are over exaggerated
• Sahm rule triggered; 10/11 chance of recession in 4 months 📊
• Poor earnings, negative revisions and general pessimist outlook for earning season
• Harris' recent success in polls having negative impact on cryptos
• Yen-dollar carry trades unwinding, negatively affecting global markets 📉 #YenDollar #CarryTrades
📅 Events This Week (cont.):
•Tue: AUD: Interest rate decision and monetary policy statement, US: Fed GDP now #AUDRate #FedeGDP
•Wed: US: Consumer Credit report
•Thu: India: Interest rate Decision, US: Jobless claims, Fed Balance Sheet #ConsumerCredit #IndiaRate
😬 Risk Appetite:
• AAII sentiment: 7% off 1 year bullish high (as of last week)
• Market fear/greed = 19
• Market breadth = fear
• Put/call = extreme fear
• Junk bond vs investment grade = extreme fear
• Crypto fear/greed = 26
•High yield bond prem. = 3.72%
📊 Market Breadth:
• Percentage of $SPX stocks above 200D MA: = 55% (Decrease from last week)
• Percentage of $SPX stocks above 50D MA: = 49% (Decrease from last week)
• Percentage of $SPX stocks above 20D MA: = 30% (decrease from last week)
• NASDAQ new highs - new lows = -90
• SPY 52 week highs - 52 week lows =-291
• SPY New highs - New lows = Monthly 44 ; Weekly 4
Fed rate monitor tool = 95% probability of 25bps cut next meeting, 78% chance of 50bps (September 18th)
1 month ago
Nib dictionary:
1. Nibblet: A tiny piece of the NIB pie.
2. Nib-sters: The coolest chicks in the crypto coop.
3. Nib-ble: When you're just pecking at the market.
4. Nib-rarian: Organizing all the NIB knowledge.
5. Nib-torious: The most famous chick in the game.
6. Nibsterious: The mystery behind why this chick is so frightened.
7. Nib-ergized: Ready to flap those wings and take on the market!
8. Nib-iquity: The state of being everywhere in the meme coin world.
9. Nib-errific: When your NIB investment finally takes flight.
10. Nib-zilla: When the tiny chick becomes the biggest beast in crypto.
11. Nib-stitute: When you swap out one meme coin for a better chick.
12. Nib-busters: Taking down all those FUDsters.
13. Nibfluence: The power of the chick over the crypto community.
14. Nib-citement: The thrill of watching your NIBs grow.
15. Nib-servation: Keeping a close eye on your chick’s nest.
16. Nib-accino: The coffee break you take while watching the charts.
17. Nib-compoop: Someone who sells their NIBs too early.
18. Nib-ocalypse: When all the NIB holders go wild at once.
19. Nibstitution: The new chick on the block, ready to replace the old guard.
20. Nib-ified: When you’ve gone all in on NIB.
21. Nib-chael Jackson: Moonwalking through the crypto market.
22. Nib-sanity: When NIB’s price spikes out of nowhere.
23. Nibvengers: The team of NIB heroes ready to save the market.
24. Nib-solutely: When you’re 100% certain this chick is the one.
25. Nib-ception: A chick inside a chick, inside a meme coin dream.
26. Nib-stronaut: Ready to send this chick to the moon.
27. Nib-ergreen: A meme that never goes out of style.
28. Nib-and-dime: When you’re just picking up a few more NIBs.
29. Nib-ling: A baby chick, or someone just starting with NIB.
30. Nib-casso: When your chick doodles become priceless crypto art.
31. Nibstitute teacher: The chick teaching you how to trade.
32. Nibba Fett: The bounty hunter of meme coins.
33. Nib-blebee: Buzzing around, collecting NIBs.
34. Nib by nib: Slowly stacking your fortune, one chick at a time.
35. Nibberoni: A little bit of NIB in every bite.
36. Nibviously: It’s clear NIB is the next big thing.
37. Nib-a-lanche: When NIB takes over the charts.
38. Nib-spresso: A strong shot of NIB to start your day.
39. Nib-ulation: The jubilation of seeing your NIB investment soar.
40. Nib-and-beyond: When you’re ready to take this chick to the stars!
1. Nibblet: A tiny piece of the NIB pie.
2. Nib-sters: The coolest chicks in the crypto coop.
3. Nib-ble: When you're just pecking at the market.
4. Nib-rarian: Organizing all the NIB knowledge.
5. Nib-torious: The most famous chick in the game.
6. Nibsterious: The mystery behind why this chick is so frightened.
7. Nib-ergized: Ready to flap those wings and take on the market!
8. Nib-iquity: The state of being everywhere in the meme coin world.
9. Nib-errific: When your NIB investment finally takes flight.
10. Nib-zilla: When the tiny chick becomes the biggest beast in crypto.
11. Nib-stitute: When you swap out one meme coin for a better chick.
12. Nib-busters: Taking down all those FUDsters.
13. Nibfluence: The power of the chick over the crypto community.
14. Nib-citement: The thrill of watching your NIBs grow.
15. Nib-servation: Keeping a close eye on your chick’s nest.
16. Nib-accino: The coffee break you take while watching the charts.
17. Nib-compoop: Someone who sells their NIBs too early.
18. Nib-ocalypse: When all the NIB holders go wild at once.
19. Nibstitution: The new chick on the block, ready to replace the old guard.
20. Nib-ified: When you’ve gone all in on NIB.
21. Nib-chael Jackson: Moonwalking through the crypto market.
22. Nib-sanity: When NIB’s price spikes out of nowhere.
23. Nibvengers: The team of NIB heroes ready to save the market.
24. Nib-solutely: When you’re 100% certain this chick is the one.
25. Nib-ception: A chick inside a chick, inside a meme coin dream.
26. Nib-stronaut: Ready to send this chick to the moon.
27. Nib-ergreen: A meme that never goes out of style.
28. Nib-and-dime: When you’re just picking up a few more NIBs.
29. Nib-ling: A baby chick, or someone just starting with NIB.
30. Nib-casso: When your chick doodles become priceless crypto art.
31. Nibstitute teacher: The chick teaching you how to trade.
32. Nibba Fett: The bounty hunter of meme coins.
33. Nib-blebee: Buzzing around, collecting NIBs.
34. Nib by nib: Slowly stacking your fortune, one chick at a time.
35. Nibberoni: A little bit of NIB in every bite.
36. Nibviously: It’s clear NIB is the next big thing.
37. Nib-a-lanche: When NIB takes over the charts.
38. Nib-spresso: A strong shot of NIB to start your day.
39. Nib-ulation: The jubilation of seeing your NIB investment soar.
40. Nib-and-beyond: When you’re ready to take this chick to the stars!
1 month ago
BTC, the upward medium-term trend has been broken, it will be fixed today. But it is already clearly visible that it will be. Only the pattern remains of the medium-term movement, see the chart. This pattern is bullish! Within this pattern, the corrections were 22-25%. Tonight, it has already peaked at the last touch at 25%. At the moment, from the point of view of technical analysis, nothing terrible has happened. Correction within the pattern from the upper border to the lower one. And globally, Bitcoin is still in an upward movement for the long term. 3 Uptrend, from the bottom. Bearing this in mind, the correction occurred at low volumes. The rebound will be significant, at least inside the pattern. His first target is at least 57,000.
withdrawal from exchanges exceeds input - correlation
Small volumes!
Altcoins, against the background of the correction of Bitcoin with the growth of its dominance, Altcoins sank significantly. And many have come to the lower level of the crypto currency flat, which is more than two years old. This is a strong enough support, and such a chance should be used. Which is exactly what I'm going to do.
https://www.tradingview.co.../
withdrawal from exchanges exceeds input - correlation
Small volumes!
Altcoins, against the background of the correction of Bitcoin with the growth of its dominance, Altcoins sank significantly. And many have come to the lower level of the crypto currency flat, which is more than two years old. This is a strong enough support, and such a chance should be used. Which is exactly what I'm going to do.
https://www.tradingview.co.../
2 months ago
Solana’s favorite no-code token deployer has proven itself the biggest application of the cycle, consistently generating millions in revenue.
Pump.fun, a popular Solana-based token deployment application, is showing no sign of stopping. After celebrating the launch of one million tokens on the platform on June 14, 2024, pump.fun notched 1.5M launches a mere 42 days later on July 25th.
PUMP.FUN GENERATES $85M REVENUE SINCE JANUARY LAUNCH
Consistently generating over $1M in daily revenue, pump.fun has established itself as one of the most valuable crypto apps in terms of revenue generation. In just under seven months since its January 14 launch, pump.fun has generated 520,412 SOL in revenue, currently valued at over $85M
The platform’s viral growth has set an astonishing pace. After a comparatively slow start, pump.fun usage exploded in March and never looked back. On average, 12,679 tokens were launched daily on the platform in July, based on Dune Analytics data.
Off the back of its massive popularity, pump.fun recently crossed the 1.5M token deployment threshold. The no-code token creator is accelerating towards the next significant milestone at 2M launches and is expected to achieve this feat in just under 32 days, if it continues the pace set in July.
In a recent interview with threadguy, a popular crypto influencer, pump.fun co-founder alon credits the platform’s success to its accessibility. Alon argues that pump.fun is the ideal intersection between finance and social media, contending that “pump.fun is SocialFi in the most crypto-native way”.
PUMP.FUN RESPONSIBLE FOR 40.97% OF SOLANA DEX TRANSACTIONS
One doesn’t need to look far to see that pump.fun has evolved into one of the most critical applications in Solana’s DeFi ecosystem.
According to Dune Analytics data collected over the past seven days, pump.fun transactions make up approximately 40.97% of all Solana DEX transactions.
However, given that tokens launched on the platform are migrated to Raydium upon reaching a market capitalization of $69 ,000, volumes on the app remain relatively low compared to other decentralized exchanges.
Despite attracting the bulk of Solana DEX transactions, pump.fun’s DEX volume market share continues to hover around 4%, with Raydium being a significant benefactor of pump.fun’s success.
“THE WORST THING THAT EVER HAPPENED TO CRYPTO ” - Alon Responds to Criticism
For many blockchain advocates, pump.fun represents all the worst parts of the industry. Arguing that the proliferation of meme coins on Solana is drawing attention away from serious projects, and delegitimizing the industry.
In response to criticism, alon concedes that “pump.fun is the worst thing to happen for crypto for a lot of people”. However, the co-founder argues that the platform has simply “uncovered the veil” and exposed “crypto for what it really is”.
Looking ahead, alon posits that the key to continuing pump.fun’s meteoric growth is to “leaning into what we’ve already done”.
While not giving away any hints regarding upcoming features on the platform, alon indicated that the pump.fun team was committed to “improving the experience while maintaining the culture that makes it so exciting in the first place.”
Pump.fun, a popular Solana-based token deployment application, is showing no sign of stopping. After celebrating the launch of one million tokens on the platform on June 14, 2024, pump.fun notched 1.5M launches a mere 42 days later on July 25th.
PUMP.FUN GENERATES $85M REVENUE SINCE JANUARY LAUNCH
Consistently generating over $1M in daily revenue, pump.fun has established itself as one of the most valuable crypto apps in terms of revenue generation. In just under seven months since its January 14 launch, pump.fun has generated 520,412 SOL in revenue, currently valued at over $85M
The platform’s viral growth has set an astonishing pace. After a comparatively slow start, pump.fun usage exploded in March and never looked back. On average, 12,679 tokens were launched daily on the platform in July, based on Dune Analytics data.
Off the back of its massive popularity, pump.fun recently crossed the 1.5M token deployment threshold. The no-code token creator is accelerating towards the next significant milestone at 2M launches and is expected to achieve this feat in just under 32 days, if it continues the pace set in July.
In a recent interview with threadguy, a popular crypto influencer, pump.fun co-founder alon credits the platform’s success to its accessibility. Alon argues that pump.fun is the ideal intersection between finance and social media, contending that “pump.fun is SocialFi in the most crypto-native way”.
PUMP.FUN RESPONSIBLE FOR 40.97% OF SOLANA DEX TRANSACTIONS
One doesn’t need to look far to see that pump.fun has evolved into one of the most critical applications in Solana’s DeFi ecosystem.
According to Dune Analytics data collected over the past seven days, pump.fun transactions make up approximately 40.97% of all Solana DEX transactions.
However, given that tokens launched on the platform are migrated to Raydium upon reaching a market capitalization of $69 ,000, volumes on the app remain relatively low compared to other decentralized exchanges.
Despite attracting the bulk of Solana DEX transactions, pump.fun’s DEX volume market share continues to hover around 4%, with Raydium being a significant benefactor of pump.fun’s success.
“THE WORST THING THAT EVER HAPPENED TO CRYPTO ” - Alon Responds to Criticism
For many blockchain advocates, pump.fun represents all the worst parts of the industry. Arguing that the proliferation of meme coins on Solana is drawing attention away from serious projects, and delegitimizing the industry.
In response to criticism, alon concedes that “pump.fun is the worst thing to happen for crypto for a lot of people”. However, the co-founder argues that the platform has simply “uncovered the veil” and exposed “crypto for what it really is”.
Looking ahead, alon posits that the key to continuing pump.fun’s meteoric growth is to “leaning into what we’ve already done”.
While not giving away any hints regarding upcoming features on the platform, alon indicated that the pump.fun team was committed to “improving the experience while maintaining the culture that makes it so exciting in the first place.”
2 months ago
Weekly Rollup 📺🗞
w/ sassal0x!
🟠
realDonaldTrump spoke at TheBitcoinConf in Nashville, what got the loudest cheer?
📊 ETF flows continue -- how are things looking?
🐻 California is transitioning car titles to avax?
➕ all that and more...
Jump in 👇
w/ sassal0x!
🟠
realDonaldTrump spoke at TheBitcoinConf in Nashville, what got the loudest cheer?
📊 ETF flows continue -- how are things looking?
🐻 California is transitioning car titles to avax?
➕ all that and more...
Jump in 👇
2 months ago
GN from $POPDOG
Co-hosting at CryptoNight420's (https://x.com/CryptoNight4...) space right now.
Come POP with us!
https://x.com/CryptoNight4...
Co-hosting at CryptoNight420's (https://x.com/CryptoNight4...) space right now.
Come POP with us!
https://x.com/CryptoNight4...
