Historically, Q3 has been the weakest period for Bitcoin, often due to supply distribution from bankruptcy estates.
However, Q4 typically sees the strongest performance, driven by factors such as the U.S. election, halving effects, cash distributions from the FTX estate, and easing macroeconomic conditions.
This trend suggests potential resilience and growth for Bitcoin as it moves through these cycles.
However, Q4 typically sees the strongest performance, driven by factors such as the U.S. election, halving effects, cash distributions from the FTX estate, and easing macroeconomic conditions.
This trend suggests potential resilience and growth for Bitcoin as it moves through these cycles.
Top 5 Defi Projects By TVL :
1. LIDO : $30.3B
2. Aave V3 : $10.2B
3. EigenLayer : $8.7B
4. Maker DAO : $5.3B
5. Rocket Pool : $3.8B
1. LIDO : $30.3B
2. Aave V3 : $10.2B
3. EigenLayer : $8.7B
4. Maker DAO : $5.3B
5. Rocket Pool : $3.8B
🚨What happened in Crypto in the last 12h?🚨
- Grayscale $ETHE Outflow
- Mt. Gox Overhang $BTC
- $ALT Unlock delay
- $COTI x Israel's CBDC
- $ENA x BlackRock's BUIDL
- $ENS x Bitwise
- $DYDX V3 Infra sale
- $SSV Utility Proposal
- $AAVE V3.1 Upgrade
👇
• Grayscale's $ETHE saw a $484M outflow on the first day. It looks like a similar playbook to Grayscale's $BTC ETF launch, which initially curbed Bitcoin prices.
• Kraken successfully returns BTC and BCH to Mt. Gox creditors. Other CEXs are expected to return $BTC soon.
• $AAVE - The governance proposal to upgrade Aave v3 to v3.1 voting has started.
• $ALT - AltLayer announced a 6-month pause in the ALT token vesting schedule after the first unlock on July 25.
• $COTI - COTI announced participation in the Central Bank of Israel's CBDC project.
• $DCR - Decred has teased that DEX V1 launching soon.
• $DYDX - dYdX is in talks to sell its deprecated V3 derivatives trading software to a consortium of major crypto market makers.
• $ENS - Bitwise announced using ENS domain for its custody addresses.
• $ENA - Ethena proposed allocating part of its reserve to RWA. BlackRock's BUIDL fund applied for $34M to provide RWA yields to Ethena.
• $SSV - SSV network has proposed Simple DVT Expansion. The plan to use SSV tokens for network fees and incentives.
- Grayscale $ETHE Outflow
- Mt. Gox Overhang $BTC
- $ALT Unlock delay
- $COTI x Israel's CBDC
- $ENA x BlackRock's BUIDL
- $ENS x Bitwise
- $DYDX V3 Infra sale
- $SSV Utility Proposal
- $AAVE V3.1 Upgrade
👇
• Grayscale's $ETHE saw a $484M outflow on the first day. It looks like a similar playbook to Grayscale's $BTC ETF launch, which initially curbed Bitcoin prices.
• Kraken successfully returns BTC and BCH to Mt. Gox creditors. Other CEXs are expected to return $BTC soon.
• $AAVE - The governance proposal to upgrade Aave v3 to v3.1 voting has started.
• $ALT - AltLayer announced a 6-month pause in the ALT token vesting schedule after the first unlock on July 25.
• $COTI - COTI announced participation in the Central Bank of Israel's CBDC project.
• $DCR - Decred has teased that DEX V1 launching soon.
• $DYDX - dYdX is in talks to sell its deprecated V3 derivatives trading software to a consortium of major crypto market makers.
• $ENS - Bitwise announced using ENS domain for its custody addresses.
• $ENA - Ethena proposed allocating part of its reserve to RWA. BlackRock's BUIDL fund applied for $34M to provide RWA yields to Ethena.
• $SSV - SSV network has proposed Simple DVT Expansion. The plan to use SSV tokens for network fees and incentives.
MARKET UPDATE:
1.South Korea’s stock market drops 4%, now officially in correction.
2.Warren Buffett sold more stock last quarter than any other quarter in history.
3.Japan’s stock market is set to post its largest 2-day drop in history, surpassing the Black Monday crash of 1987.
4.NASDAQ is in correction.
5.S&P 500 is ~4% from correction.
6.Volatility (VIX) is up +100% in 1 month.
7.Some “Magnificent 7” stocks are down -20% from their highs.
8.Bitcoin is having its worst week since the period of FTX’s bankruptcy.
9.Crypto is also crashing.
10.The U.S. is in recession, signaled by the Sahm Rule being triggered.
11.Markets expect the FED to make three consecutive 25bps rate cuts in September, November, and December.
WILD TIMES.
1.South Korea’s stock market drops 4%, now officially in correction.
2.Warren Buffett sold more stock last quarter than any other quarter in history.
3.Japan’s stock market is set to post its largest 2-day drop in history, surpassing the Black Monday crash of 1987.
4.NASDAQ is in correction.
5.S&P 500 is ~4% from correction.
6.Volatility (VIX) is up +100% in 1 month.
7.Some “Magnificent 7” stocks are down -20% from their highs.
8.Bitcoin is having its worst week since the period of FTX’s bankruptcy.
9.Crypto is also crashing.
10.The U.S. is in recession, signaled by the Sahm Rule being triggered.
11.Markets expect the FED to make three consecutive 25bps rate cuts in September, November, and December.
WILD TIMES.
#Bitcoin’s year-to-date net flows hit an all-time high of $19.3 billion
July CPI Inflation Expectations:
1. Kalshi: 2.9%
2. TD Securities: 2.9%
3. UBS: 2.9%
4. Goldman Sachs: 2.9%
5. Citigroup: 3.0%
6. Morgan Stanley: 3.0%
7. Bank of America: 3.0%
8. Barclays: 3.0%
The median July CPI expectation shows headline inflation at 3.0% and Core CPI inflation at 3.2%.
1. Kalshi: 2.9%
2. TD Securities: 2.9%
3. UBS: 2.9%
4. Goldman Sachs: 2.9%
5. Citigroup: 3.0%
6. Morgan Stanley: 3.0%
7. Bank of America: 3.0%
8. Barclays: 3.0%
The median July CPI expectation shows headline inflation at 3.0% and Core CPI inflation at 3.2%.
Keep a note
FOMC September Rate Cut 100% Chance
In fact, it's a close match between 25BP and 50BP.
FOMC September Rate Cut 100% Chance
In fact, it's a close match between 25BP and 50BP.
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Campaign Period: 08:00 AM, August 19 - 00:00 AM, August 27 (UTC)
Join on https://www.gate.io/ref/TAMILBTC?ref_type=102