π Market Update | September 17th
Fear and Greed sits at 50 (neutral). The crypto market held up through the Fed's first rate hike since July 2023, and 94 of the CoinDesk 100 traded higher afterwards, so the hike looks already priced in.
π° Key News Events
β’ The SEC will let blockchain venues trade tokenized stocks for five years without registering as an exchange, a way around the failed CLARITY Act.
β’ Zcash rose as much as 23% to a record after Paradigm disclosed it owns ZEC.
β’ S&P Global agreed to buy OpenZeppelin, the smart contract security firm.
β’ A House committee advanced a bill to write the Strategic Bitcoin Reserve into law. It still needs full House and Senate votes.
βοΈ Summary
I was neutral until Warsh spoke. With Bitcoin, Ethereum and Solana all above yesterday's highs, I'm tentatively bullish again. Goldman expects another hike in October, so I'll bid pullbacks at major support, not chase.
Trade on Blofin: https://partner.blofin.com/d/CryptoData
Fear and Greed sits at 50 (neutral). The crypto market held up through the Fed's first rate hike since July 2023, and 94 of the CoinDesk 100 traded higher afterwards, so the hike looks already priced in.
π° Key News Events
β’ The SEC will let blockchain venues trade tokenized stocks for five years without registering as an exchange, a way around the failed CLARITY Act.
β’ Zcash rose as much as 23% to a record after Paradigm disclosed it owns ZEC.
β’ S&P Global agreed to buy OpenZeppelin, the smart contract security firm.
β’ A House committee advanced a bill to write the Strategic Bitcoin Reserve into law. It still needs full House and Senate votes.
βοΈ Summary
I was neutral until Warsh spoke. With Bitcoin, Ethereum and Solana all above yesterday's highs, I'm tentatively bullish again. Goldman expects another hike in October, so I'll bid pullbacks at major support, not chase.
Trade on Blofin: https://partner.blofin.com/d/CryptoData
π₯7β€6π€2
π’ LIMIT LONG - UNI
π’ PRICE - 7.30-7.45
π’ LEVERAGE - 5-10x
TP1 - 7.65
TP2 - 8.30
TP3 - 9.30
Stop Loss - Daily close below 7.20
Reason: UNI has been a serious outperformer lately, and due to good reason. The SEC recently approved Innovation Exemption for Tokenized U.S. Stocks to Trade via Onchain AMMs. This is huge for Uniswap. For example:
- The existing tokenized stocks on Robinhood aren't the "permissioned" versions that are coming. They likely could be composable though.
- Every single official tokenized stock will trade via a "permissioned pool" onchain.
- Uniswap Permissioned Pools is the obvious choice for every tokenized stock that will be traded on Robinhood
This means that not only will Uniswap be making a ton off of fees and liquidity, but its name will be everywhere. Most aren't grasping how big this is for UNI, and imo, a massive repricing is imminent. The RSI is overbought though and price is up against resistance, so I'm waiting for a pullback to get an even better entry. As always, manage your risk, DCA accordingly, and only invest what you can afford to lose.
Trade here - https://blofin.com/futures/UNI-USDT
π Sign up for a Blofin account (NON KYC) and deposit USDT to receive a bonus - https://partner.blofin.com/d/CryptoData
π’ PRICE - 7.30-7.45
π’ LEVERAGE - 5-10x
TP1 - 7.65
TP2 - 8.30
TP3 - 9.30
Stop Loss - Daily close below 7.20
Reason: UNI has been a serious outperformer lately, and due to good reason. The SEC recently approved Innovation Exemption for Tokenized U.S. Stocks to Trade via Onchain AMMs. This is huge for Uniswap. For example:
- The existing tokenized stocks on Robinhood aren't the "permissioned" versions that are coming. They likely could be composable though.
- Every single official tokenized stock will trade via a "permissioned pool" onchain.
- Uniswap Permissioned Pools is the obvious choice for every tokenized stock that will be traded on Robinhood
This means that not only will Uniswap be making a ton off of fees and liquidity, but its name will be everywhere. Most aren't grasping how big this is for UNI, and imo, a massive repricing is imminent. The RSI is overbought though and price is up against resistance, so I'm waiting for a pullback to get an even better entry. As always, manage your risk, DCA accordingly, and only invest what you can afford to lose.
Trade here - https://blofin.com/futures/UNI-USDT
π Sign up for a Blofin account (NON KYC) and deposit USDT to receive a bonus - https://partner.blofin.com/d/CryptoData
β€14π₯4
π Market Update | September 18th
Fear and Greed has moved up to 56, into greed from neutral yesterday. The crypto market ripped higher today on a short squeeze, even as the Bank of Japan raised rates a quarter point to 1.25% (its highest level in 31 years).
π° Key News Events
β’ The CFTC sent a crypto market proposal to the White House after the CLARITY Act stalled in the Senate.
β’ The US Treasury sanctioned BitBank, a Tehran exchange it says moved Bitcoin to the Revolutionary Guards.
β’ The WSJ reported ECB President Christine Lagarde intervened to block Binance's MiCA license in Greece.
β’ Haruko, a London risk software firm for crypto funds, was hacked this week and some client funds were stolen.
βοΈ Summary
I'm bullish, up from tentatively bullish yesterday, with Bitcoin, Ethereum and Solana all above yesterday's highs. A squeeze this size usually retests, so I'll bid pullbacks at major support.
Trade on Blofin: https://partner.blofin.com/d/CryptoData
Fear and Greed has moved up to 56, into greed from neutral yesterday. The crypto market ripped higher today on a short squeeze, even as the Bank of Japan raised rates a quarter point to 1.25% (its highest level in 31 years).
π° Key News Events
β’ The CFTC sent a crypto market proposal to the White House after the CLARITY Act stalled in the Senate.
β’ The US Treasury sanctioned BitBank, a Tehran exchange it says moved Bitcoin to the Revolutionary Guards.
β’ The WSJ reported ECB President Christine Lagarde intervened to block Binance's MiCA license in Greece.
β’ Haruko, a London risk software firm for crypto funds, was hacked this week and some client funds were stolen.
βοΈ Summary
I'm bullish, up from tentatively bullish yesterday, with Bitcoin, Ethereum and Solana all above yesterday's highs. A squeeze this size usually retests, so I'll bid pullbacks at major support.
Trade on Blofin: https://partner.blofin.com/d/CryptoData
β€11π₯3π2
π Market Update | September 19th
Fear and Greed has jumped to 71 from 56 yesterday, in greed. The crypto market kept pushing higher into the weekend as the inflation scare after the Fed hike cooled, with the 10-year Treasury yield back under 5% (lower yields make crypto cheaper to hold).
π° Key News Events
β’ Coinbase filed with the CFTC to list perpetual futures on US stocks like Apple, Tesla and Nvidia.
β’ Solana cut its block time from 300 to 250 milliseconds, so blocks arrive nearly 17% faster.
β’ Bastion won conditional OCC approval for a national trust bank charter to hold and issue stablecoins.
β’ Grayscale's Zcash ETF is splitting its shares three ways after pulling in over $233 million in under a month.
βοΈ Summary
I remain bullish, with Bitcoin and Ethereum extending yesterday's breakout. The retest I expected has not come yet, so I'll bid pullbacks at major support rather than chase green candles.
Trade on Blofin: https://partner.blofin.com/d/CryptoData
Fear and Greed has jumped to 71 from 56 yesterday, in greed. The crypto market kept pushing higher into the weekend as the inflation scare after the Fed hike cooled, with the 10-year Treasury yield back under 5% (lower yields make crypto cheaper to hold).
π° Key News Events
β’ Coinbase filed with the CFTC to list perpetual futures on US stocks like Apple, Tesla and Nvidia.
β’ Solana cut its block time from 300 to 250 milliseconds, so blocks arrive nearly 17% faster.
β’ Bastion won conditional OCC approval for a national trust bank charter to hold and issue stablecoins.
β’ Grayscale's Zcash ETF is splitting its shares three ways after pulling in over $233 million in under a month.
βοΈ Summary
I remain bullish, with Bitcoin and Ethereum extending yesterday's breakout. The retest I expected has not come yet, so I'll bid pullbacks at major support rather than chase green candles.
Trade on Blofin: https://partner.blofin.com/d/CryptoData
β€11π₯3π1
π Market Update | September 20th
Fear and Greed is unchanged at 71, in greed, as the crypto market gives back part of last week's move. The SEC's Innovation Exemption, published Thursday the 17th, lets tokenized US stocks trade on blockchains for five years if they keep dividend and voting rights.
π° Key News Events
β’ Kalshi filed Friday to list stock futures with no expiry on Apple, Tesla and Nvidia from November 2nd.
β’ Visa is ending the credit card rewards Robinhood Wallet and Fomo users earned on memecoin buys next week.
β’ Fraudsters tried to take $10 million off Polymarket's US platform in February with stolen debit cards.
β’ Gemini's stock is down 80% from its IPO, reviving takeover talk over its licenses.
βοΈ Summary
I am moving from bullish to neutral. Bitcoin and Ethereum are still inside yesterday's ranges, but Solana lost its low. I will bid major support on the daily and weekly charts and wait.
Trade on Blofin: https://partner.blofin.com/d/CryptoData
Fear and Greed is unchanged at 71, in greed, as the crypto market gives back part of last week's move. The SEC's Innovation Exemption, published Thursday the 17th, lets tokenized US stocks trade on blockchains for five years if they keep dividend and voting rights.
π° Key News Events
β’ Kalshi filed Friday to list stock futures with no expiry on Apple, Tesla and Nvidia from November 2nd.
β’ Visa is ending the credit card rewards Robinhood Wallet and Fomo users earned on memecoin buys next week.
β’ Fraudsters tried to take $10 million off Polymarket's US platform in February with stolen debit cards.
β’ Gemini's stock is down 80% from its IPO, reviving takeover talk over its licenses.
βοΈ Summary
I am moving from bullish to neutral. Bitcoin and Ethereum are still inside yesterday's ranges, but Solana lost its low. I will bid major support on the daily and weekly charts and wait.
Trade on Blofin: https://partner.blofin.com/d/CryptoData
β€10π―2π₯1
WANGCHAI - Binance Smart Chain
Reason: WANGCHAI is seen as the Chinese Doge and has one of the cleaner cultural meme narratives on BSC. It takes the globally proven Doge/Shiba archetype and combines it with the βζΊζ΄β dog meme that is already deeply recognizable across Chinese internet culture.
The thesis isnβt that people need to learn a new meme, the meme already exists. WANGCHAI is simply tokenizing that existing recognition and positioning itself as a potential flagship Chinese Doge.
The name itself also works extremely well for speculation: βWangchaiβ is associated with the Chinese ζΊθ΄’ wordplay around prosperity and wealth, giving the token an immediately understandable identity beyond just another random animal coin. I think this could do numbers and go much higher.
Look to DCA between 800k-1mil. As always, manage risk accordingly and only invest what you can afford to lose.
π° This is the first public token I've bought on FOMO as well. See my thesis here: https://fomo.family/profile/TheCryptoData?tradeId=ef3707ea-24c9-40ff-82ea-ef8f1bdb4041
π Trade with me on FOMO and receive a discount on fees: https://fomo.family/r/TheCryptoData
β Buy the token here/Bridge on the Binance Smart Chain using the BasedBot: https://t.me/based_eth_bot?start=r_CryptoData_b_0x14f6a94909c407854390aa2d2462a3095d317777
- Set buy/sell slippage to 5%
CA:
0x14f6a94909c407854390aa2d2462a3095d317777
β BEWARE OF SCAMMERS! I WILL NEVER DM YOU FIRST! β
Please open Telegram to view this post
VIEW IN TELEGRAM
fomo.family
@TheCryptoData on fomo
Follow @TheCryptoData's trades and portfolio on fomo, the social crypto trading app.
π₯7β€4
Data's Inner Circle π (WILL NEVER DM YOU FIRST)
Ogle just aped Wangchai (massive whale). Everyone here should be up 70-100% from the call π΅
Iβve been posting my thesis multiple times on FOMO with massive conviction. If you guys arenβt following me or havenβt signed up, do so below, you wonβt regret it π
https://fomo.family/r/TheCryptoData
Iβve been posting my thesis multiple times on FOMO with massive conviction. If you guys arenβt following me or havenβt signed up, do so below, you wonβt regret it π
https://fomo.family/r/TheCryptoData
Please open Telegram to view this post
VIEW IN TELEGRAM
β€12π₯1π1
Data's Inner Circle π (WILL NEVER DM YOU FIRST)
Take advantage of our new campaign above by making trades on Blofin π° π΄ LIMIT SHORT - ETH π΄ PRICE - 2750-2820 π΄ LEVERAGE - 5-10x TP1 - 2685 TP2 - 2610 TP3 - 2550 TP4 - Keep 10% for a moonbag Stop Loss - Daily close above 2870 Reason: ETH looks likeβ¦
Our hedge ETH short is close to getting hit. Get ready β
Trade here - https://blofin.com/futures/ETH-USDT
π Sign up for a Blofin account (NON KYC) and deposit USDT to receive a free bonus π - https://partner.blofin.com/d/CryptoData
Trade here - https://blofin.com/futures/ETH-USDT
π Sign up for a Blofin account (NON KYC) and deposit USDT to receive a free bonus π - https://partner.blofin.com/d/CryptoData
π₯6β€3
π Market Update | September 21st
Fear and Greed is 70, still in greed, as the crypto market squeezed hard overnight. Brent crude fell for a fourth straight session on diplomatic efforts between Washington and Tehran, and the stock market joined in with the Nasdaq 100 up 2%.
π° Key News Events
β’ The ECB launched Pontes to settle tokenized assets in central bank money.
β’ Strategy bought 950 Bitcoin for $75.7 million and Bitmine added 27,562 ETH, passing 4.9% of Ethereum's supply.
β’ Fairshake, the crypto PAC, committed $30 million against Sherrod Brown's Ohio Senate bid.
β’ Apple and Google posted senior crypto roles, which points to stablecoin and tokenization products at both.
βοΈ Summary
I am moving from neutral to cautious. Bitcoin and Ethereum are overbought and pressing into resistance, while Solana has the most volume behind its move. I will bid only at major support on the daily and weekly charts.
Trade on Blofin: https://partner.blofin.com/d/CryptoData
Fear and Greed is 70, still in greed, as the crypto market squeezed hard overnight. Brent crude fell for a fourth straight session on diplomatic efforts between Washington and Tehran, and the stock market joined in with the Nasdaq 100 up 2%.
π° Key News Events
β’ The ECB launched Pontes to settle tokenized assets in central bank money.
β’ Strategy bought 950 Bitcoin for $75.7 million and Bitmine added 27,562 ETH, passing 4.9% of Ethereum's supply.
β’ Fairshake, the crypto PAC, committed $30 million against Sherrod Brown's Ohio Senate bid.
β’ Apple and Google posted senior crypto roles, which points to stablecoin and tokenization products at both.
βοΈ Summary
I am moving from neutral to cautious. Bitcoin and Ethereum are overbought and pressing into resistance, while Solana has the most volume behind its move. I will bid only at major support on the daily and weekly charts.
Trade on Blofin: https://partner.blofin.com/d/CryptoData
β€14π₯4π€1