This Week

$PSTAKE - pSTAKE Finance BTC Liquid Staking solution launch on July 29
$ROUTE - Router Chain mainnet launch on July 30

Token Unlocks:

Optimism: $54.85M (2.79% of circulating supply) on July 31
dYdX: $11M (3.65%) on August 1
Sui: $50.21M (2.56%) on August 1
ZetaChain: $33.61M (18.92%) on August 1
Wormhole: $175M (33%) on August 3

Macro:
FOMC Statement: 3:30 pm EDT
FOMC Press Conference: 3:30 pm EDT
Non-Farm Payroll (NFP): August 2, 9:30 am EDT

Prepare for the dawn of a new era: VALHALLA VISION

^ Co-Incidence? History doesn't repeat itself, but it often rhymes

July Token Unlocks Performance: -30% maximum drawdown since the start of July, but a rebound occurred in mid-July around the $ETH ETF launch pushing drawdown back to breakeven.

$WLD initially sold off, hitting a low, but twtr started talking about how bad $WLD unlocks are causing a 35% short squeeze.

FOMC day: The Federal Reserve is expected to keep rates steady but hint at future cuts.

Bond investors are anticipating that the Federal Reserve will maintain interest rates this week but hint at future cuts, with a 100% probability of a rate cut expected at the September 18th meeting. Economic data support the idea that the Fed may lower rates soon.

$BTC Performance 2 days after the last 8 FOMC meetings' data.

High ir % environment ^

meanwhile BOJ hiked rates.

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[Not a paid/sponsored post] rather than an initiative to support a new project. DYOR

FED LEAVES RATES UNCHANGED AT 5.25-5.5%

https://www.cnbc.com/2024/07/31/fed-rate-decision-july-2024.html?

Fully Pricing a 100% Chance of a Cut in September

^

Story from six weeks ago, but they started dumping yesterday. Overall, $500M+ in$ETH. Eth is now negative YTD.

^ Jump Crypto un-stakes $315M of ETH, now moving to exchanges
still hold $125 million of staked-Ether