๐บ๐ธ Trump will announce new trade deals for over 7 countries. #tradewars
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โ๏ธ #SOL Chorus One submitted a squeeze of information about the new Solana Alpenglow consensus.
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๐ #UNI Santiment: Uniswap's market capitalization is up 21% since June 22. In addition, the Uniswap network is seeing the highest activity in its history, which has brought the average age of wallets holding tokens down by 7.2%.
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๐ #BTC CQ: As the dollar weakens and loses its appeal as a safe haven, investors are reassessing their portfolio allocations and shifting capital to alternative asset classes. Looking at historical data, it is clear that such periods have been very favorable for BTC.
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๐ฆ๐ช๐ค Emirates signs agreement with Cryptocom to integrate payments.
๐๐ #BTC CQ: Long-term holders will begin dumping the market once their returns exceed 300%. Currently LTH are sitting on an average profit of 215% above their cost basis.
We are now in the range between orderly profit-taking and a potential LTH dump.
We are now in the range between orderly profit-taking and a potential LTH dump.
๐ #BTC Glassnode: Most wallet cohorts are in distribution mode - especially retail holders with 1โ10 BTC. The notable exception: entities holding 1kโ10k BTC are showing near-perfect accumulation. This divergence highlights a clear split in conviction between small and large holders.
๐ฐ Velvet Capital, DeFAI's trading and asset management platform, announced that it has completed $33.7 million in funding and plans to launch a management token #VELVET
๐ #ETH Glassnode: CME futures open interest (7D SMA) has climbed to $3.27B - its highest since Feb 2. This marks a clear uptick in institutional positioning, with demand rising in tandem with price.
๐ฐ Monad Foundation has acquired Portal, an infrastructure provider for stablecoins.
๐บ๐ธ๐ #macro FOMC Meeting Minutes:
- Most Fed members believe it is appropriate to keep the rate at current levels;
- Some members believe it is appropriate to start lowering the rate in July;
- There are upside risks to inflation.
- Most Fed members believe it is appropriate to keep the rate at current levels;
- Some members believe it is appropriate to start lowering the rate in July;
- There are upside risks to inflation.
๐๐ #BTC remains firmly in the risk-on asset category
Over the past 12 months, itโs maintained a moderate correlation to the NASDAQ 100, right around its five-year average.
At the same time, it has stayed largely uncorrelated to gold and bonds. Thatโs why this risk-on environment is a strong setup for a breakout toward a new all-time high.
Over the past 12 months, itโs maintained a moderate correlation to the NASDAQ 100, right around its five-year average.
At the same time, it has stayed largely uncorrelated to gold and bonds. Thatโs why this risk-on environment is a strong setup for a breakout toward a new all-time high.