Forwarded from Moonbags Markets
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
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
U.S. NONFARM PAYROLLS: +206000 (EST. +191000)
U.S. UNEMPLOYMENT RATE: 4.1% (EST. 4.0%)
U.S. AVERAGE HOURLY EARNINGS: +0.3% (EST. +0.3%)
U.S. UNEMPLOYMENT RATE: 4.1% (EST. 4.0%)
U.S. AVERAGE HOURLY EARNINGS: +0.3% (EST. +0.3%)
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.
$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.
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..
$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..
Alpha
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…
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.
Alpha
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%.
Indian cryptocurrency exchange WazirX has been hacked potentially worth more than $230 million .
Attackers are still selling over $100 million worth of SHIB and over $4.7 million worth of FLOKI ~Zac
Attackers are still selling over $100 million worth of SHIB and over $4.7 million worth of FLOKI ~Zac
X (formerly Twitter)
🚨 Cyvers Alerts 🚨 (@CyversAlerts) on X
🚨ALERT🚨Hey @WazirXIndia, Our system has detected multiple suspicious transactions involving your Safe Multisig wallet on the #ETH network.
A total of $234.9M of your funds have been moved to a new address. Each transaction's caller is funded by @TornadoCash.…
A total of $234.9M of your funds have been moved to a new address. Each transaction's caller is funded by @TornadoCash.…
One of the Most Important Week Ahead:
$ETH: Spot ETH ETFs start trading on July 23
$BTC: Trump speaks at Bitcoin2024 on July 27
$ALT: 42% of its supply unlocks on July 25, mostly for team and investors
$ILV: Illuvium launches on July 25
Token Unlocks
$ID: $9M (~4.29%) > July 22
$GAL: $2.3M (~0.49%) > July 24
$ACA: $340K (~0.46%) > July 25
$ALT: $114M (~42.08%) > July 25
$YGG: $7.6M (~3.74%) > July 27
$AGIX: $5.3M (~1.32%) > July 28
$ENA: $7.3M (~0.87%) > July 28
$FORT: $8.4K (~0.01%) > July 28
$ETH: Spot ETH ETFs start trading on July 23
$BTC: Trump speaks at Bitcoin2024 on July 27
$ALT: 42% of its supply unlocks on July 25, mostly for team and investors
$ILV: Illuvium launches on July 25
Token Unlocks
$ID: $9M (~4.29%) > July 22
$GAL: $2.3M (~0.49%) > July 24
$ACA: $340K (~0.46%) > July 25
$ALT: $114M (~42.08%) > July 25
$YGG: $7.6M (~3.74%) > July 27
$AGIX: $5.3M (~1.32%) > July 28
$ENA: $7.3M (~0.87%) > July 28
$FORT: $8.4K (~0.01%) > July 28