📊 The average BTC drawdown over the last 36 months is -16.6%, with a maximum peak of -23%.

The current drawdown reaches -16.4%.

#BTC

Monday, flight normal 🙏

#btc #eth

🕒 Justin Sun is our hero?

He said he is setting up a $1bn fund to fight FUD, increase investment and provide liquidity.

No details on what's what yet.

#fud

▶️ And this is how the U.S. Stock Market opens (ugly)

Losses: $1.9 trillion.

S&P Index - 4.2%
NASDAQ100 - 5.4%

#stockmarket #usa

😠 JPMorgan expect the Fed to cut interest rates by 50 bps in September

50 bps in November and 25 bps in December.

The probability of a 25 bp rate cut in September is 78% and the probability of a 50 bp cut is 22%. - 22%.

JPMorgan expects the Fed to eventually cut the benchmark rate to around 3%, which means rate cuts will continue until the third quarter of 2025.

#JPMorgan

😏 BlackRock, Fidelity, Grayscale and MicroStrategy did not sell their bitcoins despite the market collapse - Arkham

#btc

🪙 Spot BTC ETFs topped $1.3bn in the first 30 minutes of trading last night as trading began

#btc #etf

🇺🇸 Donald Trump on Adin Ross's stream yesterday

Trump stated that cryptocurrency is the modern form of currency. If this digital asset is not handled by the US, China will. Trump also warned the current administration against selling BTC.

And towards the end of the interview, Ross presented Trump with a Cybertruck.

#trump #usa

😗 Vitalik Buterin highlighted the advantages of Arbitrum and Optimism

Vitalik expects EVM-compatible ZK networks to join Arbitrum and Optimism soon.

Buterin said that people will be surprised how quickly interoperability issues between L2 solutions will cease to be problems and we will get a smooth interaction with the ETH ecosystem.

#Buterin #ARB #OP

📈 Richard Teng reported net daily inflows of $1,200,000,000 on the exchange

This is one of the largest net inflows on Binance in 2024.

Yesterday, the exchange also recorded one of the highest trading volumes since the beginning of the year.

#binance

💬 Peter Szilagyi has expressed his frustration with the cryptocurrency industry

Cryptocurrencies are a bloody casino and the speculative aspects are too much dominated by true value. All cryptocurrency has achieved is a huge transfer of value, but so far I don't see any value creation.

#eth #market

👀 CEO of Starknet Foundation leaves the project

Diego Oliva, who has held the position since March 2023, will step down after successfully building a strong team and structure.

He will be replaced by someone who has been with the Foundation since January 2024.

#STRK

🥺 BlackRock and Nasdaq have applied to launch an ETH-ETF

The SEC will make its final decision in early April 2025, Bloomberg analyst James Seyffarth said. He specified that CFTC and OCC approval will also be required.

#ETH #ETF #BlackRock #Nasdaq

🥇Ethereum-ETFs raised $98m at the end of yesterday's session

Meanwhile, BTC funds recorded outflows of $148m

#ETF

🎮 Inal Kardan, Head of Gaming at TON Foundation, spoke about the number of players in Telegram

For example, in December last year, only 1% of Telegram users played games inside the messenger on a monthly basis. Now their number has grown to about 20%.

In July, the number of Telegram users approached 1 billion, largely thanks to "tapalikes" like Notcoin and Hamster Kombat.

#games #telegram

🆒 Raiinmaker Awakens NFT

In less than 2 weeks the following figures have been reached: 250,000 coins and 77,000 holders.

You can increase your future mundrops by mintering coins.

You can find all the details here 🔗

😨 Matrixport analysts pointed out the oversold RSI indicator on the daily chart

It is in the vicinity of 30 points.

Historically, the first cryptocurrency has signalled a bottom in identical situations.

#Matrixport

📈Memcoin exchange rate started to grow after the crypto market collapse

One of the growth leaders was Pepe (PEPE), which rose by more than 26%, according to CoinMarketCap. At the time of writing, PEPE is still trading below $0.00001 and has a market capitalisation of around $3.22 billion. The asset's price has collapsed by almost 35% over the past seven days.

Another memcoin BONK, launched on the Solana network, is up 21% and is trading at $0.00001925. The market capitalisation of the asset is estimated at $1.3 billion.

#memcoin