Macro: The latest U.S. jobs report signals continued labor market strength and economic resilience, leading markets to scale back expectations of imminent Fed rate cuts. However, Trump's hints at more aggressive future trade actions against China, inject uncertainty into the 2024 outlook.
Market conditions remain solid but there are some warning signs in traditional finance. Farcaster and Base ecosystem coins are hot, oracle and ETH layer 2 tokens continue to perform well, and gaming cryptos prepare for big launches. Market has been relatively calm and stable lately, with BTC around $43k and ETH near $2400.
DeFi: New AI agent projects, Restaking on Solana, GCR advice, EIGEN farming
Tools: Discombobulation, Speed run, altcoin trade cycle
Spicy drama: Copy trading fraud
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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
The latest U.S. jobs report signals continued labor market strength and economic resilience, leading markets to scale back expectations of imminent Fed rate cuts. However, Trump's hints at more aggressive future trade actions against China, inject uncertainty into the 2024 outlook.
January's strong 353,000 U.S. jobs growth has reduced the likelihood of a March Fed rate cut, sparking a rise in short-term yields. Markets now expect a more gradual pace of rate reductions based on Fed Chair Powell’s latest guidance.
Trump suggested post-election Chinese tariffs could exceed 60%, marking a harsher stance than his first term. This evokes 2018 trade war concerns and introduces policy uncertainty ahead of 2024.
Key data and events ahead include U.S. services PMI. Markets seem positioned for resilience but face risks from hawkish trade policy prospects, China slowdown, and further inflation/earnings headwinds.
@arndxt_xo on macro pulse
@0xcryptodave thoughts on BTC
@Prithvir12 bullish on macro
@KobeissiLetter softening labor markets
@charliebilello on $BTC returns
@MichaelMOTTCM Coming week CPI report
@Mayhem4Markets Fed did nothing
@biancoresearch thoughts on markets
2. Trending Narratives
Market conditions remain solid but there are some warning signs in traditional finance. Farcaster and Base ecosystem coins are hot, oracle and ETH layer 2 tokens continue to perform well, and gaming cryptos prepare for big launches. Market has been relatively calm and stable lately, with BTC around $43k and ETH near $2400.
Key Insights:
Despite recent stability, BTC's resilience after recent events is bullish and targets below $35k may be too pessimistic.
Coinbase stock dumping 8% could be a negative sign for crypto overall.
Farcaster social network is gaining popularity, especially tools like Frames that integrate web3 features. Related memecoin $DEGEN pumped.
Chainlink and other oracle-related coins like PYTH and FLR have performed well lately.
Pendle, MAV, Optimism tokens continue pumping as top ETH beta bets. ENS also strong after GoDaddy partnership.
Jupiter token launched but high valuation and team criticism has created some FUD. Still potential for pumps.
Guild of Guardians game preparing big launch, token is up 30%.
Solana had an outage but price resilience suggests it is firmly established as a top L1.
@BinanceResearch on DePin
@arndxt_xo on ERC404 coins
@Kaffchad on DA layer war
@CryptoKoryo narrative research
@0xOB1X on future with TAO
3. Defi HappeningsPlume Network: Feb 5th-Feb 9th
Their main highlights were that they announced thier presence on Arbitrum Orbit, integrated with Privy, and forged a closer collaboration with Celestia!
Projects that launched this week on Plume:
Popular AMAs:
Blog Post: here
@breadnbutter247 on pretrading on Aevo
@marwolwarl on gem tokens
@tombheads tracking VC money
@jake_pahor on PYTH research
@ShinobiShiller on restaking on Solana
@0x_Imperius on base alfa
@CryptoGideon_ on GCR tips for the bull
@Beacon_Early on early projects
@0xAndrewMoh on LRT
@thealphadigest on 11 projects
@DistilledCrypto on 25 AI projects
@wacy_time1 on EIGEN farming
@CryptoHub210 on 20 crypto games on 2024
@RealDegenGMX on RSTK
@GoodData_BadGuy NFT burned ERC404
@DefiIgnas Top protocols to watch for restaking
@defi_blackjoker on 10 early projects
Farcosystem
@rektdiomedes farming for airdrops
@CC2Ventures on why airdrops is working
@stacy_muur on Gelato
@DistilledCrypto on AI projects without tokens
@TheRRoundup on chat with Arndxt
@0xjaypeg on SOL
@ChillTRD on altcoins primed for explosion
@0x_Doomer on deep dive into ERC404
4. Educational resources and tools
@Stoiiic Discombobulation
@Deebs_DeFi speed run series
@damskotrades on altcoin trade cycle
5. Spicy Crypto Drama
@Dynamo_Patrick on copy trading fraud
Twitter: https://twitter.com/arndxt_xo/status/1756731336675709414