ToE's Weekly Highlights #43

Digging up the grinds for the week.

Oct 01, 2023

Gm ToE readers. This week was really happening with lots of memcoin moves.

Macro: There is economic strength in the U.S., but with inflation persisting as a key risk that could lead to further Fed tightening. Meanwhile, early signs of easing inflation in Europe may allow the ECB to pause rate hikes. Equity markets continue to closely track yields, economic data, and corporate earnings.
Trends: Overall, market conditions seem to be improving slightly, with less selling pressure on pumps. Many speculative alts like $BANANA yet to capitalize.
Defi: Arb incentives are out and that Arb protocols are gaining the limelight again. $RLB thesis, Gaminig projects are gaining traction, Binance lab investments and alpha, $COIN thesis
Tools: How to find 1000x coins, Conducting gem research, @ThorHartvigsen is hiring, Super crypto mobile, Make your own bot
Spicy news: Sifu redemption, Bitboy drama, Anubis rug linked to Sisyphus?, FTX use client funds to invest, Avi bullish

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

There is economic strength in the U.S., but with inflation persisting as a key risk that could lead to further Fed tightening. Meanwhile, early signs of easing inflation in Europe may allow the ECB to pause rate hikes. Equity markets continue to closely track yields, economic data, and corporate earnings.

The U.S. economy continues to exhibit strength, with robust GDP growth in Q2 and expectations for further expansion in Q3. However, risks remain from potential government shutdown and auto strikes impacting supply chains.
Despite strong labor market data, the Fed may consider another rate hike soon to address lingering inflation concerns. This is in contrast to cooling inflation in Europe, which may allow the ECB to maintain interest rates.
U.S. stocks advanced this week, aided by falling bond yields. Tech stocks saw gains, while Accenture declined on disappointing earnings. Markets await important U.S. inflation data today.

@arndxt_xo on macro pulse

@PhilMrlo on how you can play with gov shutdown

@KobeissiLetter on macro situation

@fejau_inc on bonds vs equity

@criptopaul on BTC prediction

@C_Barraud on core inflation guages

@KobeissiLetter higher for longer

2. Trending Narratives

Overall, market conditions seem to be improving slightly, with less selling pressure on pumps. Many speculative alts like $BANANA yet to capitalize.

ETH has outperformed BTC this week, partially due to rumors of an ETH futures ETF launching soon. Overall market sentiment is slightly bullish.
Maker (MKR) has continued to rally, up 17% this week, as part of the "real world assets" narrative. Other tokens in this category like Frax (FXS) could follow.
Arbitrum ecosystem coins are pumping on news of grants being distributed to projects. RDNT is up on mainnet launch.
BCH and WILD are among the top performers. WILD remains heavily shorted.
LINK is close to $8 again ahead of its conference, but sell the news is likely.
CRV and CVX are rebounding after the Curve hack drama.
CEX altcoins like GLMR and BICO pumped on exchange listings. LBR up ahead of DAO launch.
On-chain tokens like PEPE, BITCOIN, UNIBOT are waking up again with ETH's move.
TVL and interest in friendtech continues to grow.

@tomwanhh on interest bearing stablecoins