πΊπΈπ #macro US:
- Michigan Consumer Sentiment (avg-prev) = 58.6 (already 61.9 / previously 61.7)
- 1-year Consumer Inflation Expectations (Aug-prev) = +4.9% (previously +4.5%)
- 5-year consumer inflation expectations (Aug-prev) = +3.9% (previously +3.4%)
- Michigan Consumer Sentiment (avg-prev) = 58.6 (already 61.9 / previously 61.7)
- 1-year Consumer Inflation Expectations (Aug-prev) = +4.9% (previously +4.5%)
- 5-year consumer inflation expectations (Aug-prev) = +3.9% (previously +3.4%)
ππ€ #BTC Bitcoin Magazine: The Bitcoin Everything Indicator, which takes into account on-chain, market cycle, macro-economic, investor psychology & behaviour, technical and network data in one all encompassing confluence metric is currently indicating we have substantial upside potential remaining.
π΅οΈββοΈ Wallet "0x3478", linked to Longling Capital, just sold 7,000 #ETH ($31.82M) during the market drop. The wallet still holds 79,077 ETH ($352M).
πΊπΈπΉ The Federal Reserve Board announced that they are closing their program to supervise banks' cryptocurrency activities and are returning to monitoring banks' activities as part of their normal supervisory process.
ππ #SOL State of Solana in Q2:
- App revenue on the Solana network was down 44.2% from the previous quarter;
- App revenue leaders PumpFun, $156.9 million (-43.9%); Axiom, $126.6 million (+641.3%); Jupiter, $66.4 million (-15.6%); Phantom, $53.5 million (-65.4%); Photon, $32.5 million (-72.4%);
- Solana retained the second place among networks in terms of DeFi TVL;
- Leading protocols on Solana ranked by DeFi TVL traffic volume in Q2: Kamini, Raydium and Jupiter;
- Total real asset value (in $) on Solana totaled $390.6 million #RWA at the end of Q2, up 124.8% YTD;
- Solana continues to be a DePIN center;
- 64.8% of SOL's working capital supply is in staking.
- App revenue on the Solana network was down 44.2% from the previous quarter;
- App revenue leaders PumpFun, $156.9 million (-43.9%); Axiom, $126.6 million (+641.3%); Jupiter, $66.4 million (-15.6%); Phantom, $53.5 million (-65.4%); Photon, $32.5 million (-72.4%);
- Solana retained the second place among networks in terms of DeFi TVL;
- Leading protocols on Solana ranked by DeFi TVL traffic volume in Q2: Kamini, Raydium and Jupiter;
- Total real asset value (in $) on Solana totaled $390.6 million #RWA at the end of Q2, up 124.8% YTD;
- Solana continues to be a DePIN center;
- 64.8% of SOL's working capital supply is in staking.
ππ As #ETH continues to absorb a larger share of altcoin liquidity, the dominance of memcoins over altcoins continues to fall.
ππ€ #XRP About 3 billion XRP has been added to circulation in the last 12 months.
π Glassnode: #BTCβs average entry price for newer investors and its standard deviation bands help identify overheated zones. $127K marks the +1Ο level and key resistance; a breakout could open the path to $144K (+2Ο), where prior market tops often trigger increased sell-side pressure.
π³π΄π¦ #BTC Norges Bank, Norwayβs central bank, increases its Bitcoin equivalent exposure from 6,200 to 11,400 BTC in Q2, an 83% jump.
The position is almost entirely in Strategy (formerly MicroStrategy), with a small addition in Metaplanet.
The position is almost entirely in Strategy (formerly MicroStrategy), with a small addition in Metaplanet.
ππ€ CryptoRank: Linea activity surges ahead of the #LINEA TGE. The roadmap says the burn mechanism will go live in Q3, meaning the TGE & airdrop should happen very soon.
ππ€ Analysts Spot Buyer Fatigue in #BTC
This could trigger a correction before capital rotates into altcoins β a pattern seen in previous market cycles.
The Cryptoasset Sentiment Index has risen to 0.91, while Google searches for altcoins have hit new highs, signaling growing appetite for risk assets.
Many experts expect an altseason in September, when at least some altcoins may begin outperforming Bitcoin.
This could trigger a correction before capital rotates into altcoins β a pattern seen in previous market cycles.
The Cryptoasset Sentiment Index has risen to 0.91, while Google searches for altcoins have hit new highs, signaling growing appetite for risk assets.
Many experts expect an altseason in September, when at least some altcoins may begin outperforming Bitcoin.