ToE's Weekly Highlights #33

Digging up the grinds for the week.

Jul 23, 2023

GM ToE readers! This week we saw a little summer

Macro: Inflation shows some signs of cooling but the Fed will likely stay the course with rate hikes for now. China aims to stimulate its economy to avoid deflation and support growth.
Trends: Telegram bot meta is going strong, followed by memeish animal meta which got fuelled by the gamble narrative. RLB had some fud as Hsaka deleted his tweet about RLB partnership
DeFi: Mantle gone live, ARKM airdrop claims life and many top influencers made 6 figure airdrops, Arbitrum grant, DMT getting some attention, RLB critcized. First mover bots have advantage in price like $GENIE, $UNIBOT, $LOOT, degen donation, and early access sign ups
Tools: AI productivity tools, ZK Wiki all you need to know, Arbitrage bot
Spicy news: Celsius lies, FTM brink of collapse, Multichain saga TLDR,

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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

Inflation shows some signs of cooling but the Fed will likely stay the course with rate hikes for now. China aims to stimulate its economy to avoid deflation and support growth.

Inflation may be starting to moderate but the Fed will likely continue raising rates steadily for now to ensure the downward trajectory continues. Fed officials see the need for more rate hikes this year, though cooling inflation could reduce the number needed. They caution against reading too much into one data point. Markets expect a 0.75% hike in July but see potential for a pause in September if inflation keeps cooling.
Economic data shows the Fed's hikes are slowing growth as intended, though inflation remains elevated. Stocks are rising as major companies beat earnings.
China is trying to stimulate its economy but more impactful action is likely needed. China is confident about avoiding deflation and keeping economic recovery on track, expecting a rebound despite current weak consumer prices and exports.

@arndxt_xo macro pulse

@_FabianHD macro week update

@DeItaone on The Week Ahead

@CalebFranzen bullishness on BTC

2. Trending Narratives

Regulatory developments were broadly favorable for crypto assets, and market-moving news continues around major crypto companies like Celsius and Ribbon Finance.

A federal judge ruled that XRP sold on exchanges is not a security, in a case brought by the SEC against Ripple Labs. This is seen as a positive regulatory development for crypto. XRP rallied 60% on the news.
Other tokens like Solana and Polygon also rallied due to implications for the broader regulatory environment.
Former Celsius CEO Alex Mashinsky was arrested and charged with fraud by U.S. authorities. This relates to Celsius' bankruptcy filing in 2022.
Ribbon Finance announced a proposal to merge into Aevo to create a new on-chain derivatives platform. The RBN token price rallied on the news.

@asxn_r weekly report