🚨What happened in Crypto in the last 12h?🚨
- Grayscale $ETHE Outflow
- Mt. Gox Overhang $BTC
- $ALT Unlock delay
- $COTI x Israel's CBDC
- $ENA x BlackRock's BUIDL
- $ENS x Bitwise
- $DYDX V3 Infra sale
- $SSV Utility Proposal
- $AAVE V3.1 Upgrade
👇
• Grayscale's $ETHE saw a $484M outflow on the first day. It looks like a similar playbook to Grayscale's $BTC ETF launch, which initially curbed Bitcoin prices.
• Kraken successfully returns BTC and BCH to Mt. Gox creditors. Other CEXs are expected to return $BTC soon.
• $AAVE - The governance proposal to upgrade Aave v3 to v3.1 voting has started.
• $ALT - AltLayer announced a 6-month pause in the ALT token vesting schedule after the first unlock on July 25.
• $COTI - COTI announced participation in the Central Bank of Israel's CBDC project.
• $DCR - Decred has teased that DEX V1 launching soon.
• $DYDX - dYdX is in talks to sell its deprecated V3 derivatives trading software to a consortium of major crypto market makers.
• $ENS - Bitwise announced using ENS domain for its custody addresses.
• $ENA - Ethena proposed allocating part of its reserve to RWA. BlackRock's BUIDL fund applied for $34M to provide RWA yields to Ethena.
• $SSV - SSV network has proposed Simple DVT Expansion. The plan to use SSV tokens for network fees and incentives.
- Grayscale $ETHE Outflow
- Mt. Gox Overhang $BTC
- $ALT Unlock delay
- $COTI x Israel's CBDC
- $ENA x BlackRock's BUIDL
- $ENS x Bitwise
- $DYDX V3 Infra sale
- $SSV Utility Proposal
- $AAVE V3.1 Upgrade
👇
• Grayscale's $ETHE saw a $484M outflow on the first day. It looks like a similar playbook to Grayscale's $BTC ETF launch, which initially curbed Bitcoin prices.
• Kraken successfully returns BTC and BCH to Mt. Gox creditors. Other CEXs are expected to return $BTC soon.
• $AAVE - The governance proposal to upgrade Aave v3 to v3.1 voting has started.
• $ALT - AltLayer announced a 6-month pause in the ALT token vesting schedule after the first unlock on July 25.
• $COTI - COTI announced participation in the Central Bank of Israel's CBDC project.
• $DCR - Decred has teased that DEX V1 launching soon.
• $DYDX - dYdX is in talks to sell its deprecated V3 derivatives trading software to a consortium of major crypto market makers.
• $ENS - Bitwise announced using ENS domain for its custody addresses.
• $ENA - Ethena proposed allocating part of its reserve to RWA. BlackRock's BUIDL fund applied for $34M to provide RWA yields to Ethena.
• $SSV - SSV network has proposed Simple DVT Expansion. The plan to use SSV tokens for network fees and incentives.
MARKET UPDATE:
1.South Korea’s stock market drops 4%, now officially in correction.
2.Warren Buffett sold more stock last quarter than any other quarter in history.
3.Japan’s stock market is set to post its largest 2-day drop in history, surpassing the Black Monday crash of 1987.
4.NASDAQ is in correction.
5.S&P 500 is ~4% from correction.
6.Volatility (VIX) is up +100% in 1 month.
7.Some “Magnificent 7” stocks are down -20% from their highs.
8.Bitcoin is having its worst week since the period of FTX’s bankruptcy.
9.Crypto is also crashing.
10.The U.S. is in recession, signaled by the Sahm Rule being triggered.
11.Markets expect the FED to make three consecutive 25bps rate cuts in September, November, and December.
WILD TIMES.
1.South Korea’s stock market drops 4%, now officially in correction.
2.Warren Buffett sold more stock last quarter than any other quarter in history.
3.Japan’s stock market is set to post its largest 2-day drop in history, surpassing the Black Monday crash of 1987.
4.NASDAQ is in correction.
5.S&P 500 is ~4% from correction.
6.Volatility (VIX) is up +100% in 1 month.
7.Some “Magnificent 7” stocks are down -20% from their highs.
8.Bitcoin is having its worst week since the period of FTX’s bankruptcy.
9.Crypto is also crashing.
10.The U.S. is in recession, signaled by the Sahm Rule being triggered.
11.Markets expect the FED to make three consecutive 25bps rate cuts in September, November, and December.
WILD TIMES.
👍1
#Bitcoin’s year-to-date net flows hit an all-time high of $19.3 billion
July CPI Inflation Expectations:
1. Kalshi: 2.9%
2. TD Securities: 2.9%
3. UBS: 2.9%
4. Goldman Sachs: 2.9%
5. Citigroup: 3.0%
6. Morgan Stanley: 3.0%
7. Bank of America: 3.0%
8. Barclays: 3.0%
The median July CPI expectation shows headline inflation at 3.0% and Core CPI inflation at 3.2%.
1. Kalshi: 2.9%
2. TD Securities: 2.9%
3. UBS: 2.9%
4. Goldman Sachs: 2.9%
5. Citigroup: 3.0%
6. Morgan Stanley: 3.0%
7. Bank of America: 3.0%
8. Barclays: 3.0%
The median July CPI expectation shows headline inflation at 3.0% and Core CPI inflation at 3.2%.
Keep a note
FOMC September Rate Cut 100% Chance
In fact, it's a close match between 25BP and 50BP.
FOMC September Rate Cut 100% Chance
In fact, it's a close match between 25BP and 50BP.
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2. Registration Method: Log in to BingX and click the register button to successfully register for the event.
3. Event Eligibility: Exclusively for users from the invited regions only.
4. Users who meet the Futures trading requirement after participating in the event will unlock the corresponding rewards.
5. Only Futures trading volume (= margin * leverage) of trades held for more than 1 minute in Standard Futures and Perpetual Futures will be counted for this event.
6. Rewards for each trading requirement are limited daily and available on a first-come, first-served basis.
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🚨BREAKING: WazirX Hacker Shifts $6.5 Million in #ETH to Sanctioned Mixer Tornado Cash💰
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JUST IN: FTX to return $16b to creditors starting in Q4 2024.
Do you really think when this happens we will be trading under 70k$ to give everyone opportunity to buy the dip? Ofcourse not, I believe we would be trading around 90k$ or even higher when FTX peeps get 16B$ in cash. That's how market works
Do you really think when this happens we will be trading under 70k$ to give everyone opportunity to buy the dip? Ofcourse not, I believe we would be trading around 90k$ or even higher when FTX peeps get 16B$ in cash. That's how market works