Gm ToE readers. This was an eventful week. Rodeo hacked. Bullish news from Ripple. Mixed macro sentiments. Sparta launching Parallax. And a whole lot of dark conspiracies..what’s going on?
Macro: US inflation shows signs of easing and global stocks rose, but central banks remain hawkish, keeping pressure on markets.
Trend: L3, RWA, Defi 1.0 getting attention. LSD stablecoin. Bots like $GENIE catching a lot of attention with its fee generation switch getting turned on.
Defi: RVF, OLAS, COMP, GAMBL, LOOT, DMT, Timless leak, Camelot proposal not going through, Decoding PENDLE message
Tools: Whale tracking, 1000x tips, SQL resources, guide to hunting for early gems
Spicy drama: Rodeo hacked, Arkham assassination, CBDC freezing funds, Dark story behind Multichain
If you have not read the previous week’s highlight, here it is:
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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
Macro events: US PPI rose just 0.1% in June indicating disinflation; UK GDP contracted 0.1% in May less than expected; stock markets are up
Inflation: Hawkish central banks, declining liquidity, and high inflation point to continued tightening; US inflation eased to 3% in June
Market overview: US PPI signals falling inflation; UK GDP better than expected; global stocks rose led by US and Hong Kong
Key metrics: Interest rates red flag - hawkish rhetoric reinforces rate hike expectations; Inflation green flag - June CPI dip provided relief; Jobs data red flag - June report fell short of expectations
Shifting sentiments: Bonds may be headed for a bear market; US dollar could fall as rate hikes peak; New SEC money market fund rules meant to increase resilience
@arndxt_xo on macro bad news
@Curious__J summarise the weekly happening
@GameofTrades_ on home sales at lows
@MariusCrypt0 on CPI drop
@pythianism bullish on crypto
@balajis on banks buying gold
@MacroAlf on fairy tale of dedollarisation
@tedtalksmacro on CPI dropped
@tedtalksmacro unlikely another hike
@_FabianHD bullish on cryoto
@Maverick_Equity a valuation view on the USA: Dow Jones, Nasdaq 100 & the mighty S&P 500
@prometheusmacro thoughts on inflation environment
@Prithvir12 we are back
@DeFiMinty on market cycles
@KobeissiLetter on upcoming hike
2. Trending Narratives
Binance has reportedly laid off over 1,000 employees in recent weeks, with total layoffs potentially reaching one-third of its 8,000 person workforce.
A court ruled XRP is not a security, dealing a blow to the SEC's case against Ripple and sending XRP price surging.
Celsius founder Alex Mashinsky was arrested on fraud and manipulation charges related to Celsius' collapse last year.
Google Play Store opening up to NFTs in games and apps, a big move for mobile distribution.
Polygon Labs proposed upgrading MATIC token to a new POL token as part of Polygon 2.0 upgrades.
@adamscochran on Ripple case bullish for alts
@thebellcurvepod on SEC vs XRP bullish for crypto
@ViktorDefi on RWA
@CryptoShiro_ weekly alpha
@hotnewcrypto alpha
@insomniac_ac cross chain monday
@HFAresearch on defi 1.0 dino coins
@Nodereal_io on web3 weekly
@thedefivillain on weekly narrative
@benhwx on LSD backed stablecoins
@WinterSoldierxz on LSD stablecoin era
@twobitidiot 95 tweet thesis for 2023
@JPEGd_69 report
@ehalm_ on chatbot
@hmalviya9 on decetralized ai
@matrixthesun on his steals
3. Defi Happenings
@Beacon_Early on mantle eco
@BillyBobBaghold shills
@TheAstornia watchlist
UNI new token
@RNR_0 on a DEX
@0xboka GHO workings
@ChrisRomanoC on $RVF
@LiquidLizard_ on OLAS
@DewhalesCapital on Tapioca DAO
@cryptobink on ROKO network
@specialmech LP rekt
@0xMughal on crvUSD
@CalendarDefi guide on LSDfi
@boredGenius against CamelotDEX proposal
@Defi0xJeff on Pendle decoding message
@postedgo bullish on DMT
@BarryBluee on GENIE BOT
@boredGenius Timeless leak
@gmblcomputer casino
@expctchaos on Polkadot improvement
4. Educational resources and tools
@therobotjames on funding rate manipulation
@0interestrates on Julius ai
@0xFinish on whale spotting
@CryptoNikyous on Defiwars
@belizardd on whale tracking
@FarmerTuHao on his data learning resources
@tumilett crazy spreadsheet compilation
@vrichindividual 1000x story
@nanobot_trader RDO dune (got hacked but will relaunch)
@Wii_Mee on opsec
@in0ywetrust on chain tools
@a16z on AI dev resources
@0xCygaar on how zkSync contract can be improved
@shitc0in on hunting coins
5. Spicy Crypto Drama
@arndxt_xo Arkham assassination
@TraversaJulian on FEI protocol taken over by courts
@OnchainTarek on Layerzero strange transfers
@peckshield on Rodeo
@safetyth1rd questioning Arkham backers
@adamscochran Binance not enough BCH
@0xCygaar on Brazil CBDC
@vinibarbosabr Brazil CBDC Fud
@MetaSleuth on RDO hack
@DegenerateNews Coinbase restricts staking
@GeistFinance affected by Multichain
@OlimpioCrypto against vote
@MultichainOrg dark story
as always well done mate!
only con is that I have a lot of new bookmarks that I want to read hahaha
great take, cheers!