- CZ May Be Released Today - Robinhood's Stablecoin Possibility - $ENA Stablecoin by BlackRock BUIDL - $AVAX $40M Grant Program - $TWT Trust Launchpool - $DOGE Layer2 for Smart Contracts - $ZRO $W $AXL Interoperability Narrative - $MOODENG Surpasses $150M MC - Berachain x Binance Web3 Wallet
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• According to Forbes, CZ could be released two days earlier than his official release date this Friday. This is because if the release date falls on a weekend, inmates will leave the prison early. $BNB $CAT $CAKE $TWT $EDU
• Bloomberg reports that Robinhood has confirmed that it is considering launching its own stablecoin, but adds that the company has “no imminent plans to launch a stablecoin”.
• $ENA - Ethena has announced plans to launch a new stablecoin called $UStb, backed by BlackRock's tokenized US Treasury fund BUIDL.
• $AVAX - Avalanche has launched “Retro9000,” a $40 million grant program to support developers on the Avalanche testnet and mainnet. Retro9000 is an incentivized testnet based on Avalanche9000, and Avalanche9000 is the largest network upgrade Avalanche has undergone since the mainnet launch.
• $TWT - Trust Wallet has teased the upcoming launch of its Launchpool feature. More details coming soon.
• $DOGE - Blockchain developers QED Protocol and Nexus are set to launch a layer-2 scaling solution aimed at integrating smart contracts into the Dogecoin network.
• $ZRO $W $AXL - Cross-Chain Interoperability sector tokens are gaining momentum as $ZRO price rallies.
• $MOODENG - The rally in memecoins continues, with $MOODENG reaching $150M M.C in a short period of time, making it the largest memecoin by M.C among @pumpdotfun memecoins.
• BeraChain is giving away exclusive NFTs to celebrate the bArtio testnet and Binance Web3 Wallet integration. These NFTs can be minted by anyone on Web3 Wallet and are expected to count towards the BeraChain dApp testnet activity score on the bArtio testnet.
• The odds of a 50 bps rate cut by September have increased to 73.5%. Some are calling for an "emergency rate cut" before the meeting, but rate cuts in between Fed meetings are very rare.
• The estimated "real number" liquidated from the crypto market in the past 24 hours is between $7-9 billion, making it the largest liquidation event since May 19, 2021. (Exchanges do not real full liquidation data)
• Japan's Nikkei 225 surged over 10% at the open, rebounding after its largest 2-day drop in history.
• Regarding US data, the focus is now on the job market. Initial jobless claims to be released this Thursday, although not typically market-moving, could influence market sentiment.
• Bitcoin and Ethereum ETFs saw a massive $6 billion in trading volume during the August 5 market dip.
• Spot ETH ETF inflows were positive for the day (>+$1.7M). Today marked the lowest Grayscale $ETHE outflow day, continuing the downtrend from the past few days.
• Vitalik Buterin recently shared an optimistic outlook on interoperability projects. This ties into improving user experience, and $ZRO is seen as a first mover in this sector.
• An OpenAI spokesperson stated that there are no plans to announce ChatGPT-5 at the DevDay scheduled for October. $WLD
[Note to self] With the vast majority of crypto buyers currently at a loss, observing whether ETF investors sell into this pullback or buy more will serve as an indicator of short-term market direction.
🚨What happened in Crypto in the last 12h?🚨 - $XRP SEC closed-door Meeting - $ENA Bybit USDe 20% APR - $JASMY GPU Marketplace - $INJ Altaris Mainnet Upgrade - $LISTA Binance Launchpool (slisBNB) - $SMT 34% of all Token burn - $ZRO x Animoca brands 👇 • Ethereum might experience its first net inflow day, as Grayscale $ETHE outflows have halved since yesterday.
• $EGLD - MultiversX plans to release xExchange V3. Public testing will occur from August 5-7, with the official launch shortly after test.
• $ENA - Ethena Labs announced that users can use USDe as collateral on Bybit. Starting Aug 2, Bybit users can earn up to 20% interest annually by holding USDe or using it as collateral for trading.
• $INJ - Injective announced the Altaris Mainnet Upgrade is scheduled for this week.
• $JASMY - According to @misscryptojapan, Jasmy's CEO has teased that a demo is ready for a marketplace offering GPUs in a decentralized manner.
• $JTO - Jito Foundation has announced the mainnet launch of the StakeNet Steward Program.
• $LISTA - Binance Launchpool will support for DeFi BNB Assets (slisBNB). Megadrop and HODLer Airdrops will also support DeFi BNB Assets soon.
• $SMT - Swarm Markets will burn 81.2M (34% of all) $SMT tokens on July 31 at 08:00 UTC.
• $XRP - SEC has scheduled a closed-door Sunshine Act meeting Aug 1. Ripple community speculates it might discuss settling the Ripple lawsuit.
• $ZRO - Animoca Brands and LayerZero Labs has announced strategic partnership positioning LayerZero as default interoperability solution for Animoca Brands’ ecosystem.
Bitcoin makes a third attempt to break this massive bullish flag upwards. We are loaded on spot, no leveraged positions at the moment.
Breakout of the flag would be super bullish, namely breakout of the $71,000 resistance. I also hope to see this breakout to happen on a strong impulse.
ALPHA WATCHLIST - POTENTIAL PRICE TRIGGERS THIS WEEK
Token Unlocks: [July 30] 2.41% of $TORN supply - $227K [July 31] 1.75% of $PRIME supply - $5.7M [July 31] 2.79% of $OP supply - $53.6M [July 31] 0.5% of $MANTA supply - $1.82M [Aug 1] 3.65% of $DYDX supply - $10.7M [Aug 1] 2.56% of $SUI supply - $49.1M [Aug 1] 18.92% of $ZETA supply - $32.9M [Aug 2] 3.52% of $GAL supply - $12.6M [Aug 3] 33.33% of $W supply - $174.1M [Aug 4] 0.87% of $ENA supply - $6.75M [Aug 5] 14.25% of $MODE supply - $4.32M
Macro Events:
[Jul-Aug] Kamala Harris may respond to Trump speech at B24 [July 30] European GDP Growth rate YoY [July 31] Federal Reserve Interest Rate decision [July 31] Press Conf with Fed chair Jerome Powell [July 31] European Inflation rate YoY [Aug 1] US Initial Jobless Claims [Aug 1] Bank of England Interest Rate decision [Aug 1] European Unemployment rate [Aug 2] US Unemployment rate Crypto Events: [Jul-Aug] Second week of trading for spot $ETH ETFs in the US [July 29] Announcement expected re Bitget Wallet and $TON [July 30] $BOBA undergoes Fjord Hardfork [July 30] $DESO to launch ‘Focus’ app [July 31] $EOS undergoes hardfork [July 31] 257,000 $ACA tokens to be burnt [Aug 5] PancakeSwap’s $ZK airdrop ends [Aug 6] Asia Blockchain Summit begins
TOTAL 3 UPDATE (Altcoin Market Capitalization Excluding $BTC and $ETH Looking very bullish. There is a Bullish Flag above the $530B support level. If we take a closer look, we will see that the chart has formed a 1-5 Elliott Wave and now ready to BREAK THROUGH the flag.
The first resistance is previous ATH — $1.1T. Then we can freely fly upwards to the $2T capitalization.