Quinn Thompson of Lekker Capital (Source) has elaborated more on this idea - with recession fears reaching a fever pitch and crypto sentiment washed out, I believe Bitcoin is an incredible value buy at these levels. Take note - asset selection matters ; most alts have all of the downside and none of the upside if Bitcoin rallies, and as such I’m only pitching a Bitcoin buy. I have been pretty bullish for a while, though - and so this is just a continued echo of my past position as a Bitcoin bull.

CFTC ISSUES ORDER AGAINST UNISWAP LABS FOR ILLEGAL DIGITAL ASSET DERIVATIVES TRADING: link

DePIN as a catalyst

https://x.com/alpha_pls/status/1831302965174407456

The market has 3 FOMC meetings before December:

Sept 17/18, Nov 6/7, and Dec 17/18.

Important events the Fed will be watching:

NFP this Friday
ISM data
CPI

Currently, the market expects a 25bps cut to start.

A month ago, there was a 75% chance of a 50bps cut in September.

A 25 basis point rate cut could signal the start of a standard rate-cutting cycle, potentially boosting BTC prices as recession fears ease. But Sept is Worse month for BTC/Stocks.
Buying September dips to build Q4 exposure has historically been a strong strategy.

A 50BP RATE CUT IN SEPTEMBER IS LIKELY: CITI

"THE LABOR MARKET IS LOOSER THAN IT WAS PRE-PANDEMIC AND CONTINUES TO LOOSEN FURTHER, ACCORDING TO THE JULY JOLTS REPORT. JOB OPENINGS FELL FROM 8184K IN JUNE (NOW REVISED DOWN) TO
A BELOW-CONSENSUS 7673K IN JULY. THE RATIO OF OPENINGS TO UNEMPLOYED INDIVIDUALS IS DOWN TO 1.1-TO-1, BELOW THE 1.2-TO-1 RATIO THAT PREVAILED JUST PRIOR TO THE PANDEMIC. THE HIRING RATE INCREASED TO A STILL-SUBDUED 3.5% FROM 3.3% WITH GOVERNMENT HIRING FALLING. THE LAYOFF RATE REMAINS LOW AT 1.2%, BUT THE LABOR MARKET INCREASINGLY LOOKS TO BE AT AN INFLECTION POINT WITH AN EVEN SHARPER WEAKENING LIKELY COMING. A 50BP RATE CUT IN SEPTEMBER IS LIKELY." ...

The Grass airdrop checker is live!

**WE HAVE NOT VERIFIED LINK SO PLS WAIT OR CROSS CHECK ⚠️ BEFORE CONNECTING WALLET

⊷Check your eligibility here:
grassfoundation.io/eligibility.

⊷At the moment, the checker only reflects allocations for Closed Alpha and Epochs 1-7. The checker does NOT include the ongoing Bonus Epoch or the To Be Announced allocation.

⊷Total supply will be 1B GRASS tokens, with 10% set
aside for the first airdrop.

Airdrop Breakdown:
⊷Closed Alpha: 1.5%
⊷Epochs 1-7:7%
⊷Bonus Epoch: 0.5%
⊷To Be Announced: 1%

probably peanuts, but could probably cover some meals 🤠

Eigen Foundation announces EIGEN Season 2 Stakedrop, claims to go live on or before September 17, 2024. — Link

Verify your social identity today to confirm your eligibility before claims go live:
http://verify.eigenfoundation.org

my mistake for not farming w multiple devices 🫠

Friend.Tech team renounces control of smart contracts following stagnant growth — link | tl;dr

#resource

https://fxtwitter.com/0xngmi/status/1833085949779071363/photo/1

site: https://feed.defillama.com/

in general if you havent noticed, when crypto trends it leaves sideliners behind quickly

same for both up and down in this momentum market

what rhino said is pretty important because you want to be able to identify the shift as early as possible

spot and chill is the best

one touch options

https://twitter.com/wintermute_t/status/1833156564028674179?s=21&t=EHGMbHHzxmYvbHoJU27zow

0xLouisT: The Deaf ETH L2 Debate - Why We're Missing the Real Issue

> Ethereum's L2 roadmap has succeeded in scaling, but this is only half the battle.

> Blaming L2s, the tech or even Vitalik for ETH's revenue and price action issues is misguided.

> The true challenge is attracting 100x the current users; without them, ETH risks losing relevance.

Source: https://x.com/0xLouisT/status/1833423627133333551