GM fellow ToE readers! It’s a wild week with a meme and bot season.
Macro: Companies are having a more pessimistic economic outlook
Trends: Market is choppy and altcoins are consolidating. Bot plays showed strength. @Spartadex_io lockdrop, RWA gaining traction. OP flippening
Defi: Umami making a comeback, Decentralized stablecoin, Rollbit FUD, Prediction market, bot comparisons
Tools: Privacy tools with airdrop, $UNIBOT whale, ChatGPT prompt
Spicy news: $HAMS rugged, $WLD fud, PACW rugged, Kannagi rugged, Certus selling LDO
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
Major central banks are approaching important policy shifts just as growth concerns intensify for China and the UK economy downshifts. Policy support remains crucial to sustain the global recovery amid mounting headwinds.
Major central banks like the Fed, ECB, and BOJ are approaching pivotal policy decisions this week. The Fed may hike rates one last time before pausing, the ECB could end negative rates, and the BOJ may finally start normalizing policy.
China is intensifying economic support by boosting domestic demand and post-COVID recovery, though concrete policy details are still lacking. More stimulus measures are expected to materialize in the coming months.
Managing local government debt risks is a priority for China as repayment burdens mount. Expect policies to effectively resolve local debt issues.
UK economic growth is slowing to its weakest in 6 months due to high inflation, rising rates, and slumping business orders. The manufacturing sector is especially struggling from falling domestic and export demand.
@arndxt_xo on macro pulse update
@_FabianHD macro for the week
@_FabianHD morning macro thoughts
@DaxxTrader on Blackrock ETF
@lisaabramowicz1 on recessions vibes
@prometheusmacro on recession
Federal Reserve’s FedNow unlikely to pose a threat to stablecoins
2. Trending Narratives
In summary, the market is choppy and altcoins are consolidating. On-chain trading offers opportunity but requires a high risk tolerance. Stick to solid fundamentals for larger holdings.
Bitcoin (BTC) traded in a range between $30k-31k before breaking down below $30k. Ethereum (ETH) also dropped but is holding support around $1850. The market is in "chop" mode after the ETF hype died down.
Dogecoin (DOGE) pumped 15% on speculation around Elon Musk rebranding Twitter to "X" and potential Dogecoin integration. High expectations are driving the price but be wary of selling once any announcement is made.
Worldcoin (WLD) launched and is seeing a huge premium ($20-30B market cap) due to connections to Sam Altman of OpenAI. It's risky but hype is high.
Chainlink (LINK) pumped on the Chainlink CCIP mainnet launch but gains did not hold. LINK has been rangebound and struggling to gain momentum.
Maker (MKR) continued its rally, up 17% this week, on growing protocol revenues and improved valuation metrics.
On-chain trading has seen more action, with pumps in UNIBOT, Telegram trading bots, animal race coins like HAMS, and casino coins like RLB. These can be highly rewarding but very risky.
Memecoins like PEPE and JIM corrected but remain interesting at lower prices. BITCOIN is also one to watch as a growing community/cult coin.
SEC says part of the Ripple ruling was ‘wrongly decided,’ hints at filing appeal
@nay_gmy Defi turnaround
@KopremesisE liquid staking update
@poopmandefi on memecoins
@OlimpioCrypto weekly
@Mrbullemmy potential AI coins
@Flowslikeosmo on telegram bots
@DegenCamp weekly alpha
@DefiIgnas on endgame for Solana
@drakeondigital on OG coins
@Artemis__xyz on OP > ARB
@EleanorTerrett on Stablecoin bull pass
@0xLawliette 2023 thesis
@DefiIgnas on binance listings down
@0ctoshi best farms
@IndianaAltzz on unreleased projects
@insomniac_ac cross chain monday
@TheDeFinvestor weekly
Sharia-Compliant Islamic Coin Secures $200 Million in Funding From ABO Digital
3. Defi Happenings
@haiguardian something cooking with EWT
@GrindingPoet Rollbit FUD
@Fall_Nod is a real yield optimizing protocol combined with RFV treasury.
@EX3_finance waitlist
@IncomeSharks on microcaps
@0xWenMoon on UmamiDAO
@playyolorekt Rollbit competitor
@spotonchain a16z dumping MKR
@WuBlockchain Vitalik proof of personhood
@lemiscate on worldcoin plague
@xGhoul0x on token ruin your play
@wist_defi airdrop potential list
@CryptoDamus411 on NEOBOT
@hotnewcrypto alpha
@PrimapesDAO on Halls of olympia guide
@Convergence_fi joining curve wars
@protocol_fx 2nd token offering
@fitforcrypto_ Top 10 fair launches
@BinanceResearch on RWA
@Chi__Protocol decentralised and scalable stablecoin.
@2lambro shares what its like working 2 years at beefy
@0xGasless Building gasless defi suite using account abstraction
@0xEvix on U protocol; stable, decentralized, immutable, and omnichain (OFT) token.
@0xYugiAI on decentralised stablecoin
@nanobot_trader on alpha garderner
@0xjager PlutusDAO
@DeFi_Made_Here derivatives stats
@StructFinance on RWA
@0xBets prediction market
@MarcoPoloMaps RWA projects
@prz_chojecki 35% of unibot users are profitable
@hxrobtc on Yolonolonot
@MeeZeesGames web3 gaming
@PPLSOPTIMISMCEO on $OLAS
@drakeondigital on Pearl fi
@revertfinance auto exit
@GearboxProtocol on spot trading
4. Educational resources and tools
@arndxt_xo on 6 privacy tools you need to safeguard yourself
@cryptov_73 on valuing defi projects
@cj_zZZz on chat GPT prompt
@nobrainflip on unibot whale
5. Spicy Crypto Drama
@artysteth HAMS rugging
@zachxbt on worldcoin
@SaulCapital on exploit
@BitcoinMagazine PACW dipped 25%
@ThorHartvigsen on Certus selling LDO
@JamesCliffyz on ESPR Fud
@HashBastardsNFT on Mario lawsuit
@WuBlockchain on Kannagi rugged
Twitter: https://twitter.com/arndxt_xo/status/1685621314428788736