Daily Bullets 💊: When You Go Up, Down, Jump Around
💊 M6 Daily Bullets 💊Thursday, September 22nd
The price action on some of these charts is absolutely wild - both longs and shorts getting rekt. Yesterday the US Federal Reserve did end up raising rates by 75 basis points, as most people expected, in their ongoing attempt to fight high inflation. Their stance is clear about staying this course and the expectation for the rest of the year over 2 more FOMCs is to have 100-125 bps in combined hikes. Could that mean a 75, 50 split or ? Next important macro date will be the September CPI data released on October 13.
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⛓ Crypto News:
Celsius revival plan proposal may include issuing tradable wrapped assets to customers
FTX is reportedly in talks to raise up to $1B and preserve its $32B valuation
Trading firm Alameda Research is launching a permissioned pool in Clearpool's ecosystem
Binance announced the creation of a new Global Advisory Board made up of former government and finance officials to navigate regulation
Helium community approves crypto wireless network's migration to Solana
Uniswap Foundation has announced $1.8M in its first round of grants to 14 recipients working on various projects
Kraken's Jesse Powell is stepping down as CEO
Binance receives approval for crypto services in Dubai
CoinFLEX has announced a restructuring proposal that would see creditors own 65% of the company
Coinbase is approved by De Nederlandsche Bank, the central bank of the Netherlands
Korean tax authorities seize $185M worth of crypto from tax evaders since 2021
Buy now, pay later firm Klara cuts more staff, following a 10% reduction in May and a major down round in July
Royal Family of Dubai partners with CoinCorner to enable Bitcoin transactions in the country
Wormhole has deployed generic messaging support for the Aptos devnet, enabling asset cross-chain asset transfers
Blockchain infrastructure firm Coinbase Cloud has officially launched its Web3 developer platform called ‘Node’
Cronos is moving out of beta - roadmap update on Sept 30
Cardano Vasil upgrade ready with all ‘critical mass indicators’ achieved
Web3 crypto browser Opera plans to integrate Elrond blockchain services for over 300 million users
EOS Network has successfully completed its consensus upgrade to AntelopeIO Leap 3.1
Coinbase Prime now supports custody of SWEAT (ERC-20)
New LlamaLend/tubbysea release will have built-in rate-limits
Lark - Expanding access to exclusive investment deals. Goldfinch community launched lark.market to enable open trading of Borrower Pool positions
Former Bolt CEO Ryan Breslow published the litepaper for Love, his "truth seeking" pharma DAO
Announcing Shinami - building foundational developer infrastructure to power the next wave of dApps, built on Sui
Introducing the Cruize Protocol - enables capital-efficient protection from downside volatility by tokenizing hedged positions into useable assets across all of DeFi
What’s your take on today’s news? Anything interesting that you have to say about these stories? Did we miss anything that should’ve been included?
TL;DR: Low volume inflowing today, mostly into Matic. Most outflow today from USDC, WETH and USDT. Biggest weekly inflow is into Compound ETH, Aave stETH, stETH. Biggest weekly outflow is still USDC followed by DAI. Azuki floor up ~ 20% over past 3 days and today news of $30M raise. DigiDaigaku floor up almost 30% today
Nansen Smart Money Holdings Token Inflow and Outflows: Tracking what the whales are up to...
- Inflow (1D): MATIC ($7.4M), stETH ($5.1M), cETH ($1.2M), BONE ($794k), DAI ($605k)
- Outflow (1D): USDC ($19.1M), WETH ($15M), USDT ($13.4M), COMP ($5.3M), cUSDC ($2M)
- Inflow (7D): cETH ($70.1M), aSTETH ($15.5M), stETH ($13.9M), WBTC ($13.3M), MATIC ($6.4M)
- Outflow (7D): USDC ($89.9M), DAI ($19.3M), RPL ($11.9M), cCOMP ($9.7M), MIM ($7.7M)
Nansen NFT Hot Contracts:
Legendary Dancing Seahorse: 1710 ETH
Hedz by Matt Furie: 723 ETH
Exosama: 556 ETH
ENS: 520 ETH
Azuki: 514 ETH
What is the Data telling you? See anything that sticks out to you?
Atom 2.0 — The Next Big Narrative After Eth Merge - source
Crypto Adoption Steadies in South Asia, Soars in the Southeast - source
How high do we want gas fees to be on Ethereum? - source
The power of valves for better flow control, improved reliability & lower expected payment failure rates on the Lightning Network - source
Have you seen our institutional-quality research?
🖼 NFTs/Metaverse News:
Chiru Labs, the Los Angeles-based creator of the Azuki NFT collection, plans to raise at least $30M in a Series A funding round
Layer-1 blockchain Zilliqa to launch web3 games console in early 2023
Magic Eden announced a new journey of interoperability through cross-chain support of Ethereum NFTs - with the beta version of its aggregator - Magic Ethen
Hasbro is rebooting the Starting Lineup sports toy line with new figures that include NFT trading cards with NBA stars like LeBron James and Stephen Curry
OpenSea adds scarcity tool OpenRarity to tell you just how rare an NFT is
UNICEF's Giga initiative shows the value of blockchain-based NFTs for fundraising, with a recent public sale raising proceeds to connect schools to the internet in developing countries
🌍 Crypto Twitterverse:
Digital asset investment firm GEM Digital Limited has committed $50M to finance ParallelChain Lab following its mainnet launch and native token listing, XPLL, in Q4 2022
Web3 game platform, Iskra, raises $40M and partners with Gate․io for Token Generation Event
Immunefi, a popular bug bounty system, has raised a $24M Series A funding round led by Framework Ventures
Blockchain startup Hyperlane raises $18.5M round led by Variant
Codacy raises $15M to improve code reviews with automation
Cryptography network Lit Protocol has raised $13M in a Series A round to hire developers creating a decentralized ownership and interoperability across protocols
Singaporean Fintech dltledgers raises $8.5M to fuel its North American expansion plans
Bain Crypto Capital led a $6.5M round for Skip protocol to democratize access to MEV opportunities and profits on the Cosmos ecosystem
Binocs raises $4M to help crypto investors stay on top of their taxe co-led by Beenext and Arkam
Peter Thiel's Founders Fund leads $3.7M round into Block Green
0xScope Protocol raises $3M seed round to create a new data layer of Web3
Sintra raises $2M seed round to spearhead social app & marketplace for NFT investors
Outscal raises $1.5M for building a community-first, ed-tech platform to upscale talent in the gaming industry
Did we miss anything or is there anything you want to discuss? We’d Love to hear your feedback and engage with the community! Feel free to leave a comment and let us know your thoughts on the Crypto market!
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