๐ #ETH Vitalik Buterin spoke at the Ethereum 10th anniversary live stream. Stated that the original idea was to create an open space for global developers. Also noted that Ethereum's main mission is to continue to advance human progress and protect digital autonomy.
๐๐ #BTC CQ: Futures sentiment became bearish today. Following a drop to 40%, the metric has bounced back to 48% but continues to stay in bearish territory as long as it remains below 50%.
๐ #CAKE PancakeSwap led the way in spot trading volume in July. Total commission fees amounted to more than $430 million.
๐๐ค #USDT Glassnode: The 30-day moving average of USDT transfer volume across major blockchains has been steadily rising since the early 2022 surge and crash, now reaching $52.9B.
This gradual climb reflects a slow but consistent recovery in stablecoin velocity and market activity. #stablecoin
This gradual climb reflects a slow but consistent recovery in stablecoin velocity and market activity. #stablecoin
๐ฏ๐ต #BTC Metaplanet plans to issue $3.7 billion worth of shares by 2027 to fund BTC accumulation. theblock
๐ CQ: #BTC stocks at whales continue to rise. Historically, the peak of the 2021 cycle has coincided with a significant decline in BTC stockpiles in whales. If the current trend of whale hoarding reverses, we could be close to forming a potential cycle peak.
๐ต๏ธโโ๏ธ๐ณ Whale withdrew 14,520 #ETH ($53M) from exchanges in the last 9 hours. Just 5 days ago, this whale bought 38,606 ETH ($148.44 million).
๐บ๐ธ U.S. raised average duties to about 18%, which could bring in $450 billion a year (up from $77 billion in 2024), according to RBC BlueBay. CIO Mark Dowding believes this could reduce the budget deficit to just under 7% of GDP next year. #macro
๐ฌ๐ง๐ฅณ Under changes announced by the FCA, UK-registered firms will soon be able to provide retail consumers with access to exchange-traded cryptocurrency bonds (cETNs).
๐บ๐ธ๐ฟ Trump states that there are serious divisions on the Fed board and they will only get worse
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๐ #SOL CME Solana futures trading volume and open interest more than tripled in July compared to June, recording record monthly activity since launching in March.
Total futures volume totaled $8.1 billion, while average open interest for the month exceeded $400 million.
Total futures volume totaled $8.1 billion, while average open interest for the month exceeded $400 million.
๐บ๐ธ๐ #macro Nick Timiraos (WSJ reporter known as "the Fed's mouthpiece") said the slowdown in job growth over the past three months may have opened the door for Fed officials to consider interest rate cuts at their next meeting in September: "At the very least, it underscores the difficult balance they face with slowing economic growth and rising inflationary pressures."
๐บ๐ธ๐ฎ #macro Kalshi: The probability of a Fed rate cut in September rose to 75% after today's jobs data.
๐บ๐ธ๐ #macro US (July):
- S&P Manufacturing PMI: 49.8 (pre: 49.5);
- ISM Manufacturing PMI: 48 (pre: 49)
- S&P Manufacturing PMI: 49.8 (pre: 49.5);
- ISM Manufacturing PMI: 48 (pre: 49)
๐ฝ๐ #USDT Tether has overtaken South Korea to become the 18th largest holder of US Treasuries