What happened in Crypto in the last 12h:

• BOJ's Uchida stated they won't raise rates if the market is unstable.

• SOL/ETH has hit an ATH. The next thing to watch for is whether SOL/BTC will also achieve an ATH.

• International Cat Day 2024, taking place annually on August 8. The market often interprets these events as a catalyst for meme coins (e.g., World Frog Day).

• The U.S. Treasury will begin buying back up to $46 billion worth of outstanding government securities by the end of October.

• #BABYDOGE - Baby Doge has announced that the Solana bridge and BabyDoge token on Solana are expected to be released on Sept 5.

• $DRIFT - Drift Protocol achieved a $1 billion daily trading volume during the recent market crash. The community will propose governance (DIP-2) regarding token utility in August.

• $ENA - Ethena Founder @leptokurtic_ has hinted at a big announcement this week (possibly involving a deployment on Solana).

• $OMNI - Omni network has hinted at the release of a new product, expected to be a game.

• $RON - Ronin Network was notified by white-hats about a potential exploit on the Ronin bridge. All user funds are safe, and the bridge will undergo an audit before reopening.

• $SPEC - Spectral has announced that it will soon release Syntax V2. The update will include upgraded incentive and utility mechanisms.

• Nasdaq and BlackRock's filing to add options on Ethereum ETFs has hit the SEC site. Final SEC decision on this from SEC likely to be around April 9th, 2025.

• According to @PeterLBrandt, The current post-halving correction resembles the 2015-2017 cycle, with previous cycles indicating a new bull cycle high may still be weeks away.

[Note to self] The current market is reacting sensitively to the release of U.S. economic data. And While various news outlets report on the possibility of an Iran-Israel war, retail sentiment seems to lean towards an "it probably won't happen" attitude. Therefore, it may be wise to avoid taking risky leveraged positions.

H/T - @ceterispar1bus