Crypto + Macro Stuff I'm Looking At Today
...
- Fed projected to raise interest rates again in October and Clarity Act dead but crypto pumping regardless (good sign)
- $BTC up 5% today to $80.9k
- Top 200 tokens up at least 25% over last 24 hours include AKE, NEAR, ARB, HOOD, PRL, RAIL, STRK, BR, PIEVERSE, and AR
- $QQQ at $719.52
- $HYPE at ATH's above $90 and lots of positive attention on Hypercore/etc
- $ZEC at ATH's
- SEC issues 5 year 'Innovation Exemption' to allow some types of tokenized stock trading
- $UNI on a big new success arc? (link below)
- Seeing lots of new/newish projects generating excitement among smart folks I follow (some examples I jotted down today include TouchGrassRWA, $STONK, and tenkafinance)
- NetNetCap continuing to generate positive attention as well (link below)
- Bank of England holds rates steady and Bank of Japan just raised by 25 bps
- Seeing Derive stuff all over the TL right now
- Circle's Arc chain launches to mixed appraisals
- $TREAD doing well post-airdrop (link below)
- US diesel prices up to $6.40 on average... up almost 100% in the last 9 months
- Interesting story that the Celsius estate is apparently suing BitMEX for $495M over 2020 liquidations
- Variational_io still most anticipated potential airdrop, all eyes on potential $VAR pre-market listings (link below)
- Aave has apparently released a new institutional RWA lending hub on Avalanche
- Balancer shutting down - (The King is dead, long live the King)
- Beethoven (originally a Balancer friendly-fork) still live though, important to note
Conclusion
Glad to see our magic internet coins pumping lads!
Keeping putting in the reps and here's to our eventual arrival in Valhalla 💪