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Crypto Revolution Masters
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Global Money Supply: New ATH and in discovery
Global QE is well underway
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Trending News 🗞️ Justin Sun Withdrew 14,884 ETH from Binance Amid Market Volatility 🗞️ U.S. lawmakers urge U.S. Commodity Futures Trading Commission (CFTC) to ban polymarket platforms from 2024 election betting 🗞️ WazirX Files FIR After $234M Cyber Attack on Crypto Wallet 🗞️ Kamala Harris's choice of Minnesota Gov. Tim Walz as her running mate leads to $123 million in polymarket bets
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The top 5 coins leading the bounce are: - $TAO (AI) - $AKT (DePIN) - $BRETT (Memecoin) - $ONDO (RWA) - $AIOZ (DePIN) Interestingly, the most hyped narratives of this cycle are showing the most strength right now. Study strength.
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"Black Monday" will go down in #crypto history Yesterday, the same amount of $BTC was sold at a loss as during the major sell-offs following the Chinese mining ban and the FTX crash.
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🆘What happened in Crypto in the last 12h?🆘 - 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
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