J225 was pump after dump, fixing all the dips. Federal Reserve officials have stated one after another that the United States has not reached recession, and U.S. stocks have fluctuated upward. Assets around the world seem to be back on track. Based on the rising volatility of global assets, today we still analyze BTC, the representative of crypto, which will make...
The market saw a massive pullback following Friday's employment data. Not just crypto, but almost all risk assets fell. U.S. employment data in July showed that the employment situation has deteriorated. After that, the interest rate swap market priced in the Federal Reserve to cut interest rates by 50bp in September. This did not bring about a pump, on the...
After BTC failed to stand above 70000, it did not fall much. The bulls seemed to intend to gather strength again to attack the 70000. The FOMC will be announced today. Although the market does not expect the FOMC to cut interest rates this time, time is passing and the best news is the absence of bad news. Employment data for July will be released on Friday. Yes,...
In the crypto market, there is an event-driven strategy based on token unlocking, which we mentioned in a previous analysis on WLD. This week Wormhole (W) will unlock tokens on August 3, releasing 600m W, worth approximately 180m US dollars. Equivalent to 33.33% of Cir.supply. The ingredients are Foundation Treasure, Ecosystem, and Community, and they may sell the...
The ETH ETF began trading yesterday. In addition to direct benefits for ETH, which protocols will benefit from an ETH ETF. Almost all native protocols in the Ethereum ecosystem will benefit. Today, let’s talk about ENS, one of them. The main business of ENS is to provide name service on Ethereum. Anyone can personalize an account ID through ENS, converting it...
XRP again. In our report last week, we mentioned that XRP is in the bullish trend and pull back to the wavy area, and the bulls will increase. Unsurprisingly, XRP started to rebound just after we published the idea. Once again, XRP hit the upper rail of the wavy zone and bulls strengthened again. When you use the TSB indicator, it will give a BUY or SELL signal,...
For cryptoers who are new to this bull market, Ripple is an unfamiliar project. More Rookie’s knowledge of Ripple is that Ripple and many regulatory agencies have lawsuits. But this project, which was born in 2012, has received favor from the traditional banking industry at the application layer. Among Grayscale’s trusts, apart from BTC and ETH, XRP has a seat....
If you think we're still in a bull market and want to find a track for Alpha, then RWA must be the place with better soil and fertilizer. The near-listing of the ETH ETF and the impending easing of monetary policy will provide a large amount of funds for the crypto. These funds are mainly asset management companies and enterprises. They will look for compliance...
Same as we said last week. Although BTC and ETH did not react as strongly as gold when the CPI was announced. However, during the weekend when trading activity was relatively weak, both BTC and ETH rose and bulls have maintained so far. Excellent CPI has shown that the date for interest rate cuts is gradually approaching. Funds will gradually flow from the US...
Yesterday, the U.S. CPI for June was released, showing that inflation has eased far beyond expectations. Gold rose, but US stocks and BTC fell. After Powell's dovish remarks, the improvement in CPI can be regarded as a turning point in macro policy. As we often say, we are on the way to a rate cut. We do not believe that the decline in US stocks and BTC...
The consecutive days of decline have exhausted the bearish power. The short-term FUD brought by Mt. Gox is nearing an end, and the main focus of the crypto market will return to monetary policy. Although Powell will speak at a regular meeting these two days, Thursday's CPI data will determine the subsequent trend this month. Today we will talk about a classic...
The employment data on Friday didn't change anything. Although gold and U.S.stocks rebounded, crypto continued to fall due to potential selling pressure from Mt. Gox and others. We believe this situation may continue into the interest rate cutting cycle. When recently sorting out on-chain data, including activity, TVL and other data, we found that the data of...
After the ETH ETF, VanEck and 21Shares submitted application documents for the Solana ETF, and Solana saw a pump. We believe it is unlikely that the SEC will approve the SOL ETF, and even if it does, it will not be until 2025. As early as 2023, the SEC defined many Altcoins as securities, and SOL was one of them. Perhaps more and more Altcoin ETFs will be...
In this market, there is an event-driven trading strategy based on token unlocking. Through the data provided by third-party websites, we found that after 22 days, WLD will usher in additional lines to be unlocked. Unlock 6.62m WLDs every day for 730 days, which is equivalent to three times the original rate. This part of the unlocked tokens comes from the...
Such as RST protocol, BTC Layer-2, BLAST, etc., more and more activities of staking to obtain points are appearing in the market. However, after participants obtain the airdrop, they will find that the value brought by the airdrop is often difficult to cover the depreciation of the token during the lock-up period. From a protocol perspective, we believe that...
After a short rebound, bears appear to be strengthening again. 10 days ago, we talked about CRV. Because Curve founder Michael Egorov used a large amount of CRV as collateral to borrow money, CRV faced a large amount of liquidation after the price fell. After triggering some liquidations, we saw some traders start buying CRV at the bottom. But judging from the...
After losing the chance to break ATH, BTC continued to lead the market lower. Almost all altcoins have entered a downward channel. Today we will talk about ENA (Ethena), which is a meaningful project. Ethena is building derivative infrastructure to enable Ethereum to transform into the Global Internet Bond via delta-neutral positions on stETH, to create the first...
At the end of 2023, the popularity of the BTC ecosystem increased rapidly, and various inscription and L2 staking activities appeared. At that time, as the leader of the Inscription track, ORDI once again experienced a rise and was listed on the leading CEX. Coupled with the successful approval of the BTC ETF in January 2024, funds have rapidly pushed up all...