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.
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.
Historically, during the February/March unlocks of $4 billion, Bitcoin gained 55% despite significant unlocks, whereas altcoins underperformed.
Alpha
CFTC Issues Order Against Uniswap Labs for Offering Illegal Digital Asset Derivatives Trading
** The order requires Uniswap Labs to pay a $175,000 civil monetary penalty and to cease and desist from violating the Commodity Exchange Act (CEA), as charged.
Alpha
UNISWAP SETTLES WITH CFTC FOR $175,000 OVER DIGITAL ASSET TRADING: FILING
$Uni generates $m in fees daily, $175k is just a few hrs fees.
The market has 3 FOMC meetings before December:
Sept 17/18, Nov 6/7, and Dec 17/18.
Important events the Fed will be watching:
NFP this Friday
ISM data
CPI
Currently, the market expects a 25bps cut to start.
A month ago, there was a 75% chance of a 50bps cut in September.
A 25 basis point rate cut could signal the start of a standard rate-cutting cycle, potentially boosting BTC prices. But Sept is Worse month for BTC/Stocks.
Buying September dips to build Q4 exposure has historically been a strong strategy.
Sept 17/18, Nov 6/7, and Dec 17/18.
Important events the Fed will be watching:
NFP this Friday
ISM data
CPI
Currently, the market expects a 25bps cut to start.
A month ago, there was a 75% chance of a 50bps cut in September.
A 25 basis point rate cut could signal the start of a standard rate-cutting cycle, potentially boosting BTC prices. But Sept is Worse month for BTC/Stocks.
Buying September dips to build Q4 exposure has historically been a strong strategy.
U.S. NONFARM PAYROLLS: +142000 (EST. +164000)
U.S. UNEMPLOYMENT RATE: 4.2% (EST. 4.2%)
U.S. AVERAGE HOURLY EARNINGS: +0.7% (EST. +0.3%)
U.S. UNEMPLOYMENT RATE: 4.2% (EST. 4.2%)
U.S. AVERAGE HOURLY EARNINGS: +0.7% (EST. +0.3%)
Week Ahead 09/09 \ 09/15
Project updates.
SUSHI – Memecoin Launchpad release on Sept. 10.
STRK – staking proposal expected this week.
DEAI – Zero1 Labs roadmap announcement expected this week.
Kadena – Lockup event on Sept. 11.
Optimism – Granite hard fork on Sept. 11.
Hedera – Mainnet upgrade on Sept. 11.
Swarm – Bee v.2.2.0 update on Sept. 12.
POL – Binance to list Polygon's new token on Sept. 13.
Eigenlayer – Ongoing upgrade until mid-Sept.
StarkNet – 64M tokens unlock on Sept. 15.
Token unlocks: ($100m worth of Unlocks this week)
Sept. 9: $HYPC ($10.94M), $SDEX ($7.78M), $WLD ($7.05M)
Sept. 10: $CFX ($11.38M)
Sept. 12: $MOCA ($17.77M), AGI ($7.60M)
Sept. 13: $APT ($68.40M)
Macro:
Tuesday : Presidential debate
Wednesday : CPI (est; 3.2%)
Thursday : PPI
Project updates.
SUSHI – Memecoin Launchpad release on Sept. 10.
STRK – staking proposal expected this week.
DEAI – Zero1 Labs roadmap announcement expected this week.
Kadena – Lockup event on Sept. 11.
Optimism – Granite hard fork on Sept. 11.
Hedera – Mainnet upgrade on Sept. 11.
Swarm – Bee v.2.2.0 update on Sept. 12.
POL – Binance to list Polygon's new token on Sept. 13.
Eigenlayer – Ongoing upgrade until mid-Sept.
StarkNet – 64M tokens unlock on Sept. 15.
Token unlocks: ($100m worth of Unlocks this week)
Sept. 9: $HYPC ($10.94M), $SDEX ($7.78M), $WLD ($7.05M)
Sept. 10: $CFX ($11.38M)
Sept. 12: $MOCA ($17.77M), AGI ($7.60M)
Sept. 13: $APT ($68.40M)
Macro:
Tuesday : Presidential debate
Wednesday : CPI (est; 3.2%)
Thursday : PPI
Next week is one of the most imp weeks in the past four years, as the Fed might begin cutting rates after a long period without any cuts.
On August 01, traders were expecting a 48 basis points cut by the Fed in September. However, now they are predicting just 26 basis points. Meanwhile, the USD/JPY made new lows, possibly due to Harris gaining momentum in the betting markets compared to Trump..
On August 01, traders were expecting a 48 basis points cut by the Fed in September. However, now they are predicting just 26 basis points. Meanwhile, the USD/JPY made new lows, possibly due to Harris gaining momentum in the betting markets compared to Trump..
Week Ahead:
FOMC, FOMC, FOMC – The FOMC will be on Tuesday and announce its rate decision on Wednesday afternoon.
think the FOMC is the only important event this week. Paulson favors a 50 bps rate cut at this week’s Fed meeting. Meanwhile, the market is now pricing in a 59% chance of a 50 bps rate cut at this week's FOMC meeting, according to the CME FedWatch tool.
This week is significant for the Fed, as it is expected to mark the beginning of an easing cycle with the first rate cut since March 2020. Market sentiment is now skewed towards the larger of the two cut options on the table. Expectations point to a 61% chance of a 50 basis point cut on Wednesday, while a 25 basis point cut has a 39% probability. Trade Accordingly!
FOMC, FOMC, FOMC – The FOMC will be on Tuesday and announce its rate decision on Wednesday afternoon.
think the FOMC is the only important event this week. Paulson favors a 50 bps rate cut at this week’s Fed meeting. Meanwhile, the market is now pricing in a 59% chance of a 50 bps rate cut at this week's FOMC meeting, according to the CME FedWatch tool.
This week is significant for the Fed, as it is expected to mark the beginning of an easing cycle with the first rate cut since March 2020. Market sentiment is now skewed towards the larger of the two cut options on the table. Expectations point to a 61% chance of a 50 basis point cut on Wednesday, while a 25 basis point cut has a 39% probability. Trade Accordingly!