Grayscale transferred 20,416 $ETH to Coinbase Prime
https://platform.arkhamintelligence.com/explorer/entity/grayscale
https://platform.arkhamintelligence.com/explorer/entity/grayscale
Alpha
Buy or diie; https://www.bloomberg.com/news/articles/2024-08-05/jpm-trading-desk-says-getting-close-to-buy-the-dip-opportunity-lzh07hst
Hedge funds and institutional investors made a notable move: buying the dip on Monday. while retails sold everything
Alpha
Hedge funds and institutional investors made a notable move: buying the dip on Monday. while retails sold everything
Decrypt
Institutions Are 'Buying the Dip' as Crypto Finds a Footing Following Recent Market Slump - Decrypt
Institutions buying the recent crypto dip has been a clear trend during the correction, FalconX's head of research David Lawant, told Decrypt.
MicroStrategy founder personally holds over $1 billion worth of Bitcoin : BBG
very Imp Week Ahead:12/08
Project Updates:
Aleph Zero will launch its EVM mainnet on August 12, 2024.
Aelf will complete its upgrade to version 1.10.0 by August 12, 2024.
Kelp DAO launches Gain, an airdrop farming tool, on Aug 13.
Delysium will integrate Lucy Beta with the Owlto Finance bridge on August 15, 2024.
ALEX Lab will integrate xBTC and xUSD into aBTC and sUSDT by August 15, 2024.
MakerDAO’s Grand Prix aims to onboard $1B in RWAs, with BlackRock expected to participate.
Frax Finance introduces frxBTC, a WBTC competitor.
Ethena’s proposal to add SOL as USDe backing goes live.
Macro:
PPI Inflation (Tuesday)
CPI Inflation (Wednesday)
Jobless Claims (Thursday)
Token Unlocks:
$APT $67.63m 2.40% ~ Aug 12
$SAND $53.68m 9.00% ~ Aug 14
$CYBER $5.92m 8.54% ~ Aug 14
$STRK $24.34m 3.95% ~ Aug 15
$ARB $54.28m 2.87% ~ Aug 16
Next week's market risk might come from PPI and CPI numbers, with market action driven by the US dollar, especially USD/JPY. Many are still short JPY and long on US Dollar assets, which may take some weeks or month to settle. A strong Yen could lead to more sell-offs in US stocks and crypto.
Good US data (PPI, CPI) could be bullish, while bad data weakens the dollar, strengthening the Yen, Some Token Unlocks trades worth monitoring with $SAND, 9.0%, $Cyber 8.54% of circulating supply unlocks.
Project Updates:
Aleph Zero will launch its EVM mainnet on August 12, 2024.
Aelf will complete its upgrade to version 1.10.0 by August 12, 2024.
Kelp DAO launches Gain, an airdrop farming tool, on Aug 13.
Delysium will integrate Lucy Beta with the Owlto Finance bridge on August 15, 2024.
ALEX Lab will integrate xBTC and xUSD into aBTC and sUSDT by August 15, 2024.
MakerDAO’s Grand Prix aims to onboard $1B in RWAs, with BlackRock expected to participate.
Frax Finance introduces frxBTC, a WBTC competitor.
Ethena’s proposal to add SOL as USDe backing goes live.
Macro:
PPI Inflation (Tuesday)
CPI Inflation (Wednesday)
Jobless Claims (Thursday)
Token Unlocks:
$APT $67.63m 2.40% ~ Aug 12
$SAND $53.68m 9.00% ~ Aug 14
$CYBER $5.92m 8.54% ~ Aug 14
$STRK $24.34m 3.95% ~ Aug 15
$ARB $54.28m 2.87% ~ Aug 16
Next week's market risk might come from PPI and CPI numbers, with market action driven by the US dollar, especially USD/JPY. Many are still short JPY and long on US Dollar assets, which may take some weeks or month to settle. A strong Yen could lead to more sell-offs in US stocks and crypto.
Good US data (PPI, CPI) could be bullish, while bad data weakens the dollar, strengthening the Yen, Some Token Unlocks trades worth monitoring with $SAND, 9.0%, $Cyber 8.54% of circulating supply unlocks.
Week Ahead:19/08
Project Updates:
Babylon: BTC staking protocol launching on mainnet this week.
$ARB: stARB liquid staking approved, launch imminent.
$EIGEN: Permissionless token support on mainnet next week.
$NAKA: New staking model for Nakamoto Games token coming soon.
$CGPT: TapCGPT game launching on Telegram on Aug 20, 2024.
$USDC (Scroll): Darwin upgrade launching on Aug 21, 2024.
$AGI: Delysium launching Nodpad on Aug 22, 2024.
$ACA: Unlocking 4.6M ACA tokens on Aug 25, 2024.
$STRK: StarkNet v.0.13.2 releasing in August.
Token Unlocks:
$PIXEL: $7.98m (7.05%) ~ August 19
$AVAX: $198.85m (2.41%) ~ August 19
$ID: $6.69m (4.29%) ~ August 21
$AGIX: $3.01m (1.55%) ~ August 27
$AVAX: $200M worth of AVAX, with most of it going to the team.
Macro Events:
FED FOMC Minutes: Wednesday, August 21
Jobless Claims: Thursday, August 22
Manufacturing PMI: Thursday, August 22
Project Updates:
Babylon: BTC staking protocol launching on mainnet this week.
$ARB: stARB liquid staking approved, launch imminent.
$EIGEN: Permissionless token support on mainnet next week.
$NAKA: New staking model for Nakamoto Games token coming soon.
$CGPT: TapCGPT game launching on Telegram on Aug 20, 2024.
$USDC (Scroll): Darwin upgrade launching on Aug 21, 2024.
$AGI: Delysium launching Nodpad on Aug 22, 2024.
$ACA: Unlocking 4.6M ACA tokens on Aug 25, 2024.
$STRK: StarkNet v.0.13.2 releasing in August.
Token Unlocks:
$PIXEL: $7.98m (7.05%) ~ August 19
$AVAX: $198.85m (2.41%) ~ August 19
$ID: $6.69m (4.29%) ~ August 21
$AGIX: $3.01m (1.55%) ~ August 27
$AVAX: $200M worth of AVAX, with most of it going to the team.
Macro Events:
FED FOMC Minutes: Wednesday, August 21
Jobless Claims: Thursday, August 22
Manufacturing PMI: Thursday, August 22