What's up with Mantle?
It's in the top 3 treasuries in the space with $2.5B in treasury.
Active addresses and transactions have exploded over the last 2 weeks on Mantle.
Biggest chain after Ethereum in terms of inflow in the last 30 days.
It's in the top 3 treasuries in the space with $2.5B in treasury.
Active addresses and transactions have exploded over the last 2 weeks on Mantle.
Biggest chain after Ethereum in terms of inflow in the last 30 days.
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Alpha updates. 🪓
Ethena's $USDe just flipped $DAI to become the 3rd largest stablecoin. TVL is near ALL-TIME HIGH, while $ENA is still down ~70% from its ATH.
Around $2 Billion inflow in a week in USDe, that doesn't seem normal.
What is causing this massive buying and how can it impact $ENA ?
Here are the 3 biggest catalysts that are fueling USDe & ENA
1- 10% APY on sUSDe
The highest scalable yield in crypto right now. The high APY is leading more people to use repeated lending and borrowing on top DeFi platforms.
2. Revenue Model Linked to Perpetual Funding Rates
Unlike traditional stablecoins like USDC, USDT that rely on treasury yields, Ethena earns revenue from perp funding rates.
Higher rates = Higher revenue = Bullish for $ENA.
Right now funding rates are rising.
3. Listing soon on NASDAQ
Ethena has partnered with StablecoinX, a treasury firm preparing to go public on NASDAQ under the ticker $USDE.
Recently they raised $360M,
out of which $260M will be allocated for open-market $ENA buybacks over six weeks, around 8% of the circulating supply.
What is causing this massive buying and how can it impact $ENA ?
Here are the 3 biggest catalysts that are fueling USDe & ENA
1- 10% APY on sUSDe
The highest scalable yield in crypto right now. The high APY is leading more people to use repeated lending and borrowing on top DeFi platforms.
2. Revenue Model Linked to Perpetual Funding Rates
Unlike traditional stablecoins like USDC, USDT that rely on treasury yields, Ethena earns revenue from perp funding rates.
Higher rates = Higher revenue = Bullish for $ENA.
Right now funding rates are rising.
3. Listing soon on NASDAQ
Ethena has partnered with StablecoinX, a treasury firm preparing to go public on NASDAQ under the ticker $USDE.
Recently they raised $360M,
out of which $260M will be allocated for open-market $ENA buybacks over six weeks, around 8% of the circulating supply.
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Ethereum has outperformed every narrative in the space over the last 30 days.
But what’s interesting is that Memecoins are still the top performing narrative after ETH.
Next in line, Prediction Markets and Decentralized Identifier (DIDs) gaining strong momentum.
Some projects under these narratives have already rallied 500-600%.
(First chart is ETH vs the narrative - growth in %)
But what’s interesting is that Memecoins are still the top performing narrative after ETH.
Next in line, Prediction Markets and Decentralized Identifier (DIDs) gaining strong momentum.
Some projects under these narratives have already rallied 500-600%.
(First chart is ETH vs the narrative - growth in %)
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$ETH strength despite this selloff in btc is bullish 💯
https://x.com/axel_bitblaze69/status/1948783845383569542?
https://x.com/axel_bitblaze69/status/1948783845383569542?
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$PUMP is down 60% from ATH and getting hate from everywhere, people calling it a straight up rug even after raising $600M
is it really over for it?
I went back, ran the numbers & compared it with past meme launches like $PENGU, $BONK & $HYPE
Here’s what I found. A thread:🧵👇
https://x.com/axel_bitblaze69/status/1949074281318568008
is it really over for it?
I went back, ran the numbers & compared it with past meme launches like $PENGU, $BONK & $HYPE
Here’s what I found. A thread:🧵👇
https://x.com/axel_bitblaze69/status/1949074281318568008
X (formerly Twitter)
Axel Bitblaze 🪓 (@Axel_bitblaze69) on X
$PUMP is down 60% from ATH and getting hate from everywhere, people calling it a straight up rug even after raising $600M
is it really over for it?
I went back, ran the numbers & compared it with past meme launches like $PENGU, $BONK & $HYPE
Here’s what…
is it really over for it?
I went back, ran the numbers & compared it with past meme launches like $PENGU, $BONK & $HYPE
Here’s what…
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Something’s shifting in the market
- $ETH is breaking out
- $BTC dom is slipping
- Alts like $PENGU $ZORA $GP #USELESS already did 10x from the lows
Something is definitely cooking. Altseason ? Maybe.
4 under the radar signs I’m watching and how I’m playing it.
A thread:🧵👇
https://x.com/axel_bitblaze69/status/1949534877550014696?s
- $ETH is breaking out
- $BTC dom is slipping
- Alts like $PENGU $ZORA $GP #USELESS already did 10x from the lows
Something is definitely cooking. Altseason ? Maybe.
4 under the radar signs I’m watching and how I’m playing it.
A thread:🧵👇
https://x.com/axel_bitblaze69/status/1949534877550014696?s
X (formerly Twitter)
Axel Bitblaze 🪓 (@Axel_bitblaze69) on X
Something’s shifting in the market
- $ETH is breaking out
- $BTC dom is slipping
- Alts like $PENGU $ZORA $GP #USELESS already did 10x from the lows
Something is definitely cooking. Altseason ? Maybe.
4 under the radar signs I’m watching and how I’m playing…
- $ETH is breaking out
- $BTC dom is slipping
- Alts like $PENGU $ZORA $GP #USELESS already did 10x from the lows
Something is definitely cooking. Altseason ? Maybe.
4 under the radar signs I’m watching and how I’m playing…
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Linea is finally waking up
TVL is up, Trxns are up & even meme coins on Linea started to pump
Tokenomics dropping this week (confirmed by the team)
Check your expected Airdrop amount here:
https://wendrop-bice.vercel.app/
TVL is up, Trxns are up & even meme coins on Linea started to pump
Tokenomics dropping this week (confirmed by the team)
Check your expected Airdrop amount here:
https://wendrop-bice.vercel.app/
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FOMC decision due in 11 hours. Markets expect no rate cut (97.9% probability).
But today's real catalyst might be elsewhere.
The White House Crypto Report is set to release with possible disclosures on Bitcoin reserves.
EXPECT VOLATILITY
But today's real catalyst might be elsewhere.
The White House Crypto Report is set to release with possible disclosures on Bitcoin reserves.
EXPECT VOLATILITY
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GM Everyone, just shared a thread below on $ETH:
$ETH is up 60% this month and this might just be the catch-up rally to $BTC
– On-chain activity is at 2021 levels
– ETFs & public companies buying millions
– ETH/BTC golden cross forming
– Shorts getting wiped
$BTC 3x'd off the same catalysts.. can ETH follow & hit $10K ? 🧵👇
( LIKE & RT )
https://x.com/axel_bitblaze69/status/1950491545129353498
$ETH is up 60% this month and this might just be the catch-up rally to $BTC
– On-chain activity is at 2021 levels
– ETFs & public companies buying millions
– ETH/BTC golden cross forming
– Shorts getting wiped
$BTC 3x'd off the same catalysts.. can ETH follow & hit $10K ? 🧵👇
( LIKE & RT )
https://x.com/axel_bitblaze69/status/1950491545129353498
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10 Years of Ethereum 🎉
Have you Mint your free anniversary NFT?
Mint here : https://ethereum.org/en/10years/
This may or may not hold value, but some things are beyond price, it's like a badge for my wallet, try not to miss this historic collectible.
Have you Mint your free anniversary NFT?
Mint here : https://ethereum.org/en/10years/
This may or may not hold value, but some things are beyond price, it's like a badge for my wallet, try not to miss this historic collectible.
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Alpha updates. 🪓
Photo
FOMC held the rates, which was already 98% expected, but Powell’s tone shocked the market.
He hinted the pause could extend, and called short-term inflation “somewhat elevated.”
A clear hawkish signal.
🔻 Result:
Sept rate cut odds dropped from 60% → 55%. Bets on 0 rate cuts this year have increased.
One of the big reasons for the July market boom was also that
POWELL had said in the June FOMC minutes that “THE SOLID MAJORITY AT THE FED ARE EXPECTING RATE CUTS LATER THIS YEAR” after which 2 rate cuts were being expected this year, but after yesterday’s speech, that probability has shrunk significantly
He hinted the pause could extend, and called short-term inflation “somewhat elevated.”
A clear hawkish signal.
🔻 Result:
Sept rate cut odds dropped from 60% → 55%. Bets on 0 rate cuts this year have increased.
One of the big reasons for the July market boom was also that
POWELL had said in the June FOMC minutes that “THE SOLID MAJORITY AT THE FED ARE EXPECTING RATE CUTS LATER THIS YEAR” after which 2 rate cuts were being expected this year, but after yesterday’s speech, that probability has shrunk significantly
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