made the chart here track real time; https://fred.stlouisfed.org/graph/?g=1pGT8

Comments from Powell today 02/07

> Fed doesn't see 2% inflation "this year or next year"

> 4% unemployment is still a very low unemployment rate

> Moving too fast creates risk of inflation returning

> The Fed needs more data before rate cuts can begin.

Reaction

Just too much confluence for mid September

1) Market expects rate cuts
2) CZ released from prison
3) Lunar eclipse
4) Upcoming election
5) ETH ETF trades by then
6) Tradfi big boys done with summer vacation
7) Mercury retrograde ends August 28

v good article https://blog.coinshares.com/estimating-the-market-impact-of-mt-gox-repayments-ec4a4927e50d

Week Ahead: Significant Global Macro and Crypto Events

$BTC - US House will vote on overturning Biden's veto of SAB 121 crypto bill next week.
$ETH - ETF analysts expect spot ETH ETFs to launch next week or the week after.
$JUP - Jupiter's 30% supply reduction proposal is scheduled to go live this month.
$VELA - Vela V2 will launch on July 8 with upgraded tokenomics and a new trading competition.
$161M in APT, XAI, and IMX - Set to flood the market next week.
DYDX, NTRN, FORT, and HNT - Will unlock new supplies in the coming week.

Macro:

Tuesday, July 9 - Federal Reserve Chair Jerome Powell testifies before the Senate.
Wednesday, July 10 - Powell testifies before the House.
Thursday, July 11 - CPI report released; expected 0.1% MoM, 3.1% YoY, core CPI at 0.2%.
Friday, July 12 - Q2 earnings reports from JPMorgan Chase, Wells Fargo, and Citigroup.

Token unlocks.

BTC perf by session. Asians and the EU have been sellers after > the NFP report, > The German government started selling BTC or since the start of the month.

Bitcoin Gov holdings. updated! $BTC

Gov holdings and Bitcoin price.

Fed spokesperson: Powell reserves the right to choose when to cut interest rates

https://www.cnbc.com/2024/07/09/fed-chief-powell-says-holding-rates-high-for-too-long-could-jeopardize-economic-growth.html?

Week Ahead: 15th/20th

$ETH - Spot ETH ETF final approval from SEC expected next week

$XDEFI - XDEFI Wallet to announce major rebrand next week

$ATOM - Cosmos v18 upgrade live on July 17

$CLOUD - Sanctum token launching on Jupiter launchpad on July 16, largest tokenless protocol on Solana

$RDNT - Radiant launching on Base this month, introducing isolated lending for memecoin markets

$AGIX, $FET, $OCEAN token merge by Monday ~ 15th

$STX Nakamoto Upgrade by Monday ~ 15th

Coinbase International, CRV, ENS, PEOPLE perpetual futures listing by Thursday ~ 18th

Coinbase delisting of COVAL, RAI, wAMPL by Friday ~ 19th

Token Unlocks: $170m worth Unlocks.

- $ARB $65m 2.87% July 16, 9:00 PM
- $STRK $35.6m 4.92% July 15, 8:00 AM
- $OP $17m 0.89% July 15, 8:00 AM
- $RNDR $4.7m 0.19% July 16, 8:00 AM
- $CYBER $3.7m 3.81% July 15, 10:00 AM
- $ENA $5.9m 0.87% July 21, 3:00 PM
- $AXS $13.4m 1.66% July 16, 9:10 PM
- $NYM $320,000 0.36% July 17, 8:00 AM
- $ASTR $650,000 0.14% July 17, 8:00 AM
- $APE $11.3m 2.31% July 17, 8:00 AM
- $MANTA $5.7m 1.97% July 18, 5:30 PM
- $1INCH $150,000 0.03% July 19, 8:00 AM
- $EUL $220,000 0.28% July 19, 4:04 AM
- $PIXEL $10.1m 7.05% July 19, 6:00 PM

Macro: None..

35.85 million BLUR ($6.67M) were unlocked and transferred to the multi-signature address an hour ago then deposited to Coinbase.

I discussed BLUR when its price was $1; now it's $0.15. Such bearish unlocks are detrimental to a project, as they keep dumping on holders without hesitation.

The BLUR treasury's $BLUR token balance has mostly dumped to exchanges with only a few $m left to be dumped. This mirrors the $BLUR price chart.

July Pre Unlocks Perf %.. not a single + performer. max -45%; avg -12%.

ETH ETFs Sorted by Fees