🚨Over the past 7 days, Ethereum and memecoins have led other sectors in terms of performance. Bitcoin and privacy coins are behind with the weakest returns so far. [altseason is here baby]

🚨Coinbase's App Store ranking has climbed from over 350 in June to 116 today. [We're early, BTFD!]

🚨Fed Chair Jerome Powell hit with criminal referral by House GOP, accusing him of lying under oath about the $2.5B Eccles Building renovation. [bet moar]

🚨The MOVE Index continues to make new lows (83 today).

As noted ten days ago (86), this index has historically served as a reliable early indicator of shifts in Federal Reserve rhetoric.

Its current trend suggests that despite tariff inflation, the Fed is likely to get more dovish before turning hawkish. [High inflation with a dovish Fed is a dream scenario for the bulls, BTFD!]

🚨The probability that the Fed will not cut rates by September has risen from below 10% at the end of June, to nearly 50% today.

WHY NO CUT IN SEPTEMBER IS BULLISH THANKS TO FED INDEPENDENCE RISK (exclusive analysis by @bullcase) Truflation, TIPS, Core CPI have been ticking higher which means we don't have to wait for September, the rate cut is happening as we speak (real rates are declining).

1) IORB is the interest rate the Fed pays commercial banks for balances held at the Fed.

Real IORB = Nominal IORB (no change) — Inflation Rate (⬆️)

If inflation runs hot but the nominal IORB doesn't change, then the real IORB decreases which creates an incentive for this liquidity ($3tn) to be withdrawn and invested elsewhere (risk-on).

2) EFFR is the rate at which banks loan money.

Real EFFR = Nominal EFFR (no change) — Inflation Rate (⬆️)

If inflation runs hot, but the EFFR stays the same, then banks are incentivized to loan more of their balances ($18tn). Higher inflation means $21tn go more risk-on.

➡️ We’re seeing an inflation market pricing a premium around the Fed independence risk (BofA Rates Strategist Meghan Swiber)

➡️The nightmare scenario is the Fed loses its independence, tariff inflation is big and the fiscal policy turns out to be more simulative ahead of mid-term election, and it's all happening at the same time (Columbia Threadneedle Rates strategist Ed Al-Hussainy)

➡️If the FOMC actually follows Waller’s advice, a backdrop of rising market-based measures of inflation expectations means higher long-term yields are more likely. Ironically, those outcomes would put the Fed under even more pressure from Trump to cut borrowing costs. (Bloomberg macro strategist Edward Harrison)

Fed independence risk is another name for inflation denial. For as long as the Fed is scared to hike because of political pressure ('Fed Independence Risk'), the market will stay in risk-on mode.

We're back to 2021, when inflation was running hot but the Fed downplayed it as temporary for 1 full year.

BTFD and ignore the rate FUD. Everything will rip.

🚨ETH's MVRV valuation (1.75) has only broken out of bear market territory but hasn't entered yet the bull market zone. We're still very far from the cycle top.

[In both previous bull markets it spent over 1 year in the red zone.]

Bitcoin/Ethereum Spot ETF Flows: 22 July 2025

🔴 Bitcoin ETFs: -$67.93M net inflows

🟢 Ethereum ETFs: $533.87M net inflows

[Let the slow rotation from BTC into alts continue]

🚨Meme stocks going crazy because we broke the shorting rules. Short interest is over 100%, that shouldn't even be possible! [The short squeeze narrative is entering the scene just like in 2021]

🚨Financial conditions are back to as loose as they were prior to the Fed tightening cycle [They're about to get looser too. BTFD!]

Bitcoin/Ethereum Spot ETF Flows July 23

🔴 Bitcoin ETFs: $85.8M net outflows

🟢 Ethereum ETFs: $332.2M net inflows

[Let the slow rotation from BTC into alts continue]

🚨Japanese AI company Quantum Solutions announced a plan to hold up to 3000 BTC over the next 12 months to hedge against currency and inflation risks amid a weakening yen and global financial instability

[This is the classic inflation hedge trade that sends markets risk-on. Tariff induced hyperinflation abroad, tariff inflation with inflation denial in US. Send everything 🚀]

For even more context and content, anyone reading is welcome to join @monerouncensoredchat. That's where all the bulls hang out and discuss in even more depth all the different scenarios presented here.

🚨Total funds borrowed for leveraged trades in retail margin accounts hit $1 trillion in June, breaking past the 2021 ATH.

[Even higher in July since the short squeeze narrative started going turbo. With risk appetite through the roof, buy the crypto dip!]

🚨Meme stocks push retail's share of trading volumes above 20% for the first time since Q1 2021 [Buy the crypto dip!]

Trump during Fed visit with Powell: I'd love them to lower interest rates

Are you ready for crypto's Snowden moment? In early 2013 the consensus was that encryption was pointless for the average Joe and mostly something for activists, journalists and criminals.

Nobody cares about your messages, Billy. They do those things only to criminals and terrorists, not people like you

But then when Snowden happened and his NSA leaks were dropped, everyone realised that global mass surveillance was real.

That single event created, overnight, the multi-billion dollar encrypted messaging app market. The shift was lightning fast and that's when Signal started gaining momentum and when Telegram was created.

If when Snowden informed the world of PRISM and xKeyscore someone came to you offering an encrypted but compliant messaging app where encryption can be revoked only by law enforcement, would that have qualmed your surveillance worries? I don't think so.

In 2013, "only law enforcement with a warrant can access your messages" stopped working for messaging apps, everyone realized that was code for mass surveillance. As result people started flocking into encrypted messaging apps like Signal and Telegram. The momentum was so strong that even established messaging apps, like Whatsapp, had to eventually give up and offer end to end encryption to be able to compete and survive.

I think we will see the same in crypto although the whistleblower here will most likely involve something like Palantir's Foundery of Crypto and will reveal how everyone that ever completed KYC in a CEX has their entire financially history recorded in a Palantir (or competitor) database.

Everyone will find out that the KYC documentation, such as a photo of the user holding their driving license, and their entire transaction history from chain to chain and even passing through so called "non KYC exchanges", is contained and updated in a Palantir database.

The whistleblower may also reveal how Foundry of Crypto can reverse dox social media users from addresses they shared on social media (to participate in an airdrop or to receive a tip). This allows profiling based on political views or other information shared on social media. Said information is then used to determine police response time in case of emergency at their address, or to profile them for employment, scholarships, visas etc.

When that Snowden moment comes, which I think is going to be soon, a trillion dollar market for a private-through-encryption cryptocurrency will be created overnight. That's why you should not sleep on privacy and on trying to hunt down the strongest privacy tech out there today (spoiler: it's not XMR, ARRR, or ZEC, or any of the VC-funded compliant L2s).

Contrary to what they tell you on MSM, people care a lot about privacy. Privacy is an instinct that no amount of money, psychological manipulation or delusional billionaires shouting I-don't-think-so can take away from human nature.

P.S.: Kryptoid has released a pre-compiled beta of the DERO CLI wallet with fixed randomness reuse. It is a pre-release but much more accessible for anyone wanting to test the beta since it's pre-compiled. This also means we're getting really close to a beta release that would allow anyone to leverage the full capabilities of the most advanced privacy protocol out there today.