πŸ’ΈThe Techie Boy 🦊
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What's this close connection between Circle and sei?

Circle held 6.25 million SEI tokens, making SEI the largest individual crypto token on its balance sheet.

Additionally, the minting volume of $USDC on the Sei chain has been steadily increasing,

Sei stablecoin market cap hits ATH of $296M in August with USDC dominance of 86.68%
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US Initial Jobless Claims data will be released today at 12:30 PM UTC.

If ADP employment comes in below expectations while jobless claims come in above expectations, markets could flip bullish

Weak labor data = higher chances of the Fed turning dovish on rates.
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Less than expected employment numbers and higher than expected jobless numbers = positive for rate cuts

NFP numbers tomorrow are probably even more important.
But My bearish stance just became more agressive

I said after hitting 90-95k we can see a new ATH

This is now invalid. I consider lower as possible

In other words, there is nothing to be bullish
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New month new milestone on ETH

ATH in Active Adresses
ATH in Revenue
ATH in Stablecoin supply
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Three coins with idiosyncratic flows that favor being long:

β€’ Hyperliquid ... the best coin in the market
β€’ Ethena ... the best bet on stablecoin adoption
β€’ PumpFun ... the best revenue-based valuation

Interestingly, $PUMP has roughly the same buybacks as $ENA.
( ~$2million per day at 1.6b vs. ~$6million per day at 5b )

$HYPE has lower buybacks, but is overall the best business.
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The ENA chart is beautiful, isn't it?

If CPI isn't a total rug, Ethena will probably moon.
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*US AUG. CORE PPI FALLS 0.1% M/M; EST. +0.3%
*US AUG. PRODUCER PRICES RISE 2.6% Y/Y; EST. +3.3%
It's time for large cap break out
Wow
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Cash deposit hoga bilkul safe
500 only now