Last 8 CPI releases $BTC price performance.

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

The markets have calmed down a bit since early August but are still expecting the Federal Reserve to cut interest rates by 33% chance of 25 basis points in September, with nearly 100 basis points expected for the rest of 2024, and even more cuts next year.

On Friday, Federal Reserve Chair Jerome Powell will speak and could either agree with the market's expectations for rate cuts or push back against them.

On the other side, investors are either flat or positioned in gold ahead of the elections due to safety risks. Currently, the odds are 50% for Harris and 50% for Trump. Given the historical average of a 23.07% bias in favor of Democratic candidates on prediction markets, we expect no volatility this month. Whether the Fed cuts rates or not might signal the next leg in the markets.

However, if you are a buyer and prefer (DCA), you should not be worried about these factors; instead, focus on buying through DCA. The market might wipe out all the excess leverage over time, and that will likely happen before any major move to the upside or downside.

Jackson Hole on Friday might provide an outlook on the Fed's policy path and any indications of rate cuts next month, but Treasury traders' bets are at historical levels, expecting rate cuts from the Fed.

JPM client survey

Since $AVAX launched, the project has unlocked $7.76 billion worth of tokens over time, with the last $219 million cliff unlock yesterday. Going forward, there are no more large cliff unlocks on $AVAX till 2029..

The token is down from a $32 billion ATH market cap to $9.40 billion now, with the token price down from an ATH of $145 to $22.

This Week Ahead:

Project Updates

$Soneium: Testnet launch & airdrop - Aug 28, 2024.
$STX: Nakamoto to ship code, activation window opens - Aug 28, 2024.
$STRK: Starknet v0.13.2 introduces block packing & parallel execution - Aug 28, 2024.
$DASH: Evolution-chain hard fork activation - Aug 28, 2024.
$ARB: Stylus Sprint program snapshot vote begins - Aug 29, 2024.
$GS: GammaSwap token launch & airdrop - Aug 30, 2024.
$INJ: Altaris mainnet upgrade for scalability - expected this week (Aug 2024).
$AERGO: Preparing for v.4.0 hard fork - expected this week (Aug 2024).

Token Unlocks:
$YGG: $6.21M unlock (3.70%) - Aug 26, 2024.
$TORN: $215.42K unlock (2.41%) - Aug 28, 2024.
$OP: $47.64M unlock (2.64%) - Aug 29, 2024.
$PRIME: $6.47M unlock (1.68%) - Aug 29, 2024.

Macro Events:
Aug 28, 2024: Atlanta Fed President Raphael Bostic speaks.
Aug 28, 2024: Nvidia Q2 report, Fed speeches.
Aug 29, 2024: Q2 GDP 2nd revision.
Aug 30, 2024: U.S. July PCE inflation data.

Chair Powell indicated something in last week's meeting. He said everything the market was looking for. Bitcoin and the crypto sector might reach new highs. 90% of raw feed around is just noise! and sub farming.

Trading Tools/Bots Comparison: user experience, security, fees and other imp metrics.

Since 2015, the Ethereum Foundation has deposited $2.80 billion in $ETH over time, including $100 million during the 2021 $ETH peak, with the most recent $100 million deposit to Kraken. Note: This is purely an on-chain post and does not represent any bias!

Kraken and bitmex is most used exchange by ethereum fondation.

^ all deposit entities with $amount since 2014.

u can find all foundation info here, and delete the noise/fud; https://x.com/vitalikbuterin/status/1828418027034972507

Week Ahead:

Project Updates:
$ARB: Stylus-enabled chains launching on September 3rd.
$SNEK: Snek.fun platform launching on September 3rd.
$CTX: New dApp release on September 3rd.
$RUNE: Hard fork upgrade scheduled for September 4th.
$MATIC: Rebranding from MATIC to POL token on September 4th.
$EOS: Spring v.1.0 upgrade releasing on September 4th.
$FLOW: Crescendo network upgrade on September 5th.
$MODE: Lock & unlock event happening on September 6th.
$FTM: Sonic testnet, Fantom's largest upgrade, goes live next week.
$BWB: Telegram trading bot launching this week.
$CLOUD: SOL liquid staking tokens launching on Binance, Bybit, and BitGet soon.

Macro:
Tuesday
00:01: UK BRC Retail Sales (Aug)
15:00: US ISM Manufacturing PMI (Aug)
Friday
13:30: US Nonfarm Payrolls (Aug)
13:45: US Fed Williams Speech
16:00: US Fed Waller Speech


Token unlocks
$SUI: $64.19M, 2.47% ~ 9-1
$IMX: $32.47M, 2.06% ~ 9-6
$ZETA: $53.89M, 15.71% ~ 9-1
$TAIKO: $12.00M, 19.02% ~ 9-5
$DYDX: $8.33M, 3.67% ~ 9-1
$MODE: $500.00M, 38.46% ~ 9-6

% > of circulating supply.

Polygon's MATIC is transitioning to the POL token and has fallen 20% in the past week and 25% year-to-date, while Bitcoin is up 40% this year. Additionally, the release of ISM and NFP data this week is crucial for the upcoming Fed FOMC meeting.

Token unlocks are set to drop to $380 million this week, down from $471 million last week. September's unlocks will rose to $1.94 billion, from $1.5 billion in August..

Historically, during the February/March unlocks of $4 billion, Bitcoin gained 55% despite significant unlocks, whereas altcoins underperformed.

In August, only $SUI performed well among the tokens unlocks, with a cumulative return of 45%.

SUI had $45 million in unlocks, while XRP had $600 million in unlocks but $XRP ended up with nearly breakeven returns.