Gm for another exciting week with BTC ETFs getting prompted for more the exchange to be named and LSDs still running up strong with more exciting protocols.
Macro: Macro might be looking poised for a bull soon given that we are seeing good figures from the economic indicators.
Trend: Dino coins pump, BTC gaining traction, telegram bots still going strong. EQB and PNP taking the limelight, Privacy will be a big thing in the longer term
Defi: zkSync gaining TVL, Bullish on zkEVM projects like Dovish, GND into LSDs, Camelot grant proposal for 12m ARB, launch of Islamic coin on 1st Sept
Tools: Crypto tinder tool, Yield farming, Loch chain, how to spot spoofing, Tokenomics masterclass, Mest AI waitlist
Spicy Drama: Darren pointed out Mochi for shilling Chibi, Chibi rugged, SCS and Froyo are for the proposal, but Matrix and I had alternative views.
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Segmenting the megathread of content into 5 parts:
Macro news
Trending narratives
Defi happenings
Educational resources and tools
Spicy crypto drama
1. Macro News
Continuing policy efforts to address inflation and economic resilience, upcoming economic data releases, the Bank of England's response to inflationary pressures.
Economic Resilience: Chair Powell highlighted the resilience of the US economy in the face of higher interest rates, indicating that further efforts are needed to reach the 2% inflation target. The housing market has shown strength despite rate hikes and concerns of a potential recession.
Bank of England Rate Hikes: BoE hiked 50 basis points rate hike to address rising inflation. With expectations of sustained inflationary pressures, additional rate increases of 50 basis points in August and 25 basis points in September can be expected.
Credit Market Conditions: The credit market has experienced tightening conditions following recent turmoil in the US financial sector. Commercial bank loans have seen a decline.
@arndxt_xo on weekly Macro Pulse update seems like we are on the right track
@_FabianHD macro schedule for the week
@ogdave621 shares this BTC trade plan
@crossbordercap rising debt to GDP
@ramahluwalia blackrock on higher for longer thesis
@hufhaus9 what blackrock really do
@52kskew on BTC options
@TaikiMaeda2 looks at BTC and ETH gas fees
@DeItaone ECB not optimistic on pauses
@concodanomics packed with economic data
@KobeissiLetter some good news on inflation
The Sixth Sense newsletter packs some great macro and crypto news and insights!
2. Trending Narratives
Growing institutional interest in Bitcoin and the impact on related investment products like GBTC.
Bitcoin's Breakthrough with Potential ETF Approval: Bitcoin (BTC) surpassed $30K USD. The rally was fueled by the filing of Bitcoin ETF applications by prominent traditional financial institutions like BlackRock, Invesco, WisdomTree, and Valkyrie. This opened the doors for retail traders to easily invest in Bitcoin.
GBTC Trading Activity: With the anticipation of approved Bitcoin ETFs, the trading activity in the Grayscale Bitcoin Trust (GBTC) intensified. The discount between GBTC's price and the spot BTC price tightened, suggesting increased investor optimism. GBTC aims to convert to an ETF once regulatory approval is granted, enabling redemptions.
Surprising Altcoin Performers: Several altcoins, including $BCH, $FTT, $SRM, $COMP, $PEPE, $WAVES, and $BSV, experienced notable price movements. Notable mentions include the sudden pump of DeFi 1.0 coins. $COMP, $AAVE, $UNI, $SNX, and $CRV, witnessed a sudden pump without a clear reason. However, the rally was short-lived, lasting only one day.
EDX Markets and Bitcoin Cash (BCH): The launch of EDX Markets, a Trad-fi backed CEX, contributed to a significant pump in Bitcoin Cash ($BCH), surpassing Litecoin ($LTC). The possible reason for BCH outperforming LTC could be that many traders were already positioned on LTC for its halving event.
@KopremesisE Weekly Sunday liquid staking update
@DefiRaiders on weekly alpha
@0xGeeGee shares his narrative plays
@_10delta_ just after Bankless research article it comes a wave of Dino coins pump
@poopmandefi bullish on Swell and Figment
@insomniac_ac cross chain mondays
@FungiAlpha weekly defi update
@hufhaus9 on BTC ETF key dates
@tomwanhh Good metrics on zkSync
@Ekonomeest account abraction
@rektdiomedes Thoughts On Privacy, Defi, And Adoption
@TheDeFinvestor LSD catalyst
@0xjaypeg Saylor long BTC
From Frogs Anon
@JJcycles altcoin bullrun fuel by defi
@zk7hao on order book DEXes
3. Defi Happenings
@narrativesai can do a Coingecko style site solely focused on RWA and enterprise assets on chains
@0xFinish on zksync projects
@midoji7 on ICE
@0xChussie on UNIDX smart orders
@Retro_finance fork of Thena
@AnthonyLeeZhang on Loss versus rebalancing
@CryptoGideon_ bullish on THE
@Islamic_Coin islamic coin launching
@0xWhizz bullish on Dovish
@rekt0x discusses topics
@0xFinish bullish on Parallax
@Moomsxxx follow VC investments
@Crypto_Scient top 15 AI projects
@CamelotDEX grant proposal for 12m ARB tokens
@GNDProtocol into LSDs too
@DataFinnovation on TUSD analysis
@DefiIgnas on COMP pumping
@DegenRutw on LSD stablecoins
@resdegen on LVL being burned
@ToastyAlpha on locking strategies
Across protocol research and bullish thesis
4. Educational resources and tools
@0xsurferboy on kyberswap AI
@Prithvir12 on Lochchain
@Deebs_DeFi people to follow
@the_smart_ape ChatGPT plugins
@0xWenMoon turn 150k into 2mil
Mest AI waitlist form
https://forms.mest.io/waitlist
@Dynamo_Patrick on 4 AI tools
Value app
@0xTimur teaches you how to find spoofing transactions
Stable fish yield farming directory
@0ximem shares this LSDfi map
@stacy_muur tool for crypto tinder
Defi and tokenomics masterclass
Defi gourmet L1 and L2 tracker
@sandraaleow on Kaito AI being crypto search engine
@MoneyCrptBunny on AI tools to increase productivity
@CryptoNikyous on how to trade small caps
Analysis BOT
Top 32 Blockchain Analysis Tools
https://startupstash.com/blockchain-analysis-tools/
5. Spicy Crypto Drama
@PeckShieldAlert on Chibi finance rug
@matrixthesun thoughts on grant proposal
@arndxt_xo thoughts on Camelot grants
@Darrenlautf on Mochi for shilling Chibi