9.19 Lab Daily:
The Fed cut interest rates by 50 basis points, BTC temporarily rose, which is good for the long term and more bullish.
ETH follows the trend of BTC, but is still weaker than BTC in the short term.
Other copycats have basically given up.
Believe in copycats to get rich, it is even better to bet on MEMEPVP.
1. Fed Chairman Powell: The Fed will speed up, slow down or suspend interest rate cuts as needed;
Federal Reserve mouthpiece: The first interest rate cut of 50BP marks a bold start to the interest rate cut cycle;
2. The three major US stock indexes and spot gold have completely given up the gains after the announcement of the interest rate resolution;
3. The SEC's cryptocurrency records were condemned by former committee members and Republican lawmakers at the hearing;
4. BitGo launched the USDS stablecoin to compete with Coinbase and Tether;
5. Trump used Bitcoin to buy hamburgers in a bar in New York, and immediately used people to launch two local dogs in this block-861871 and burger;

8.25 Laboratory Daily:
The market situation is not much different from the previous forecast for the time being.
This wave started from 55,000, and is now 64,000.
Brother Sun's PVP is about to end, entry is 5000R, and profit is 5000U.
Next, receive more information and take less action.
I have a feeling something big is coming!
1. The BTC premium on the Coinbase platform reached the highest level since July;
2. Market news: The founder of Telegram was arrested in France, and TON fell by more than 15% in a short period of time;
3. The panic and greed index rose to 56, and the market sentiment was greedy;
4. The Bitcoin holdings of the Mt.Gox wallet address in Mentougou have decreased by approximately 77%;
5. According to data monitoring by @FarsideUK, the U.S. Bitcoin spot ETF has seen a cumulative net inflow of US$17.88 billion since its launch, a record high;
6. Wintermute also transferred $330 million in USDC to Binance in the past 24 hours;
7. The blue-chip NFT floor has also rebounded, with BAYC returning to 14E and Penguin returning to 11E;

Come back quickly!

8.18 Laboratory Daily:
The market is very flat, no bad or good news, close to 60,000, the trend is still very weak. Don’t forget that when CPI was 2.9%, it was still around 63,000.
1. The sustainability of Sun Ge's PUMP is a bit poor. If there is no greater benefit effect, it will feel difficult;
2. CME Fed Observation: The probability of a 50 basis point rate cut in September has dropped to 25%;
Goldman Sachs: The Fed will decide to cut interest rates by 25 basis points in three consecutive meetings in September, November and December;
Market news: Fed Chairman Powell may make hawkish remarks at the Jackson Hole Central Bank Annual Meeting;
Federal Reserve officials will speak intensively next week and will release the minutes of the monetary policy meeting on Thursday;
Market news: Fed Chairman Powell held a closed-door meeting with CEOs of large US banks;
3. BlackRock's ETF has exceeded Grayscale's total assets, making BlackRock the new leader in the cryptocurrency fund field;
4. The SEC accused the founder of NovaTech of being involved in a $650 million cryptocurrency Ponzi scheme;
5. Data: Uniswap is the largest destruction application of ETH in the first half of this year, destroying a total of about 72,000 ETH;
6. Coinbase: Bitcoin ETF held by institutions The holding volume has increased and is expected to continue to increase;
7. Babylon will start Bitcoin staking next week;
8. Sundog tweeted that it has airdropped $1 million worth of $sundog to 500,000 trx holders;

8.16 Lab Daily:
The market is still dominated by 4-hour fluctuations. The currency is relatively weak relative to the US stock market. There has not been much bad news recently. On the contrary, the recession expectations are decreasing, and the economy is expected to get better.
Strategy: If the spot price falls, it will be replenished, and it will not fall too deep.
1. The monthly rate of retail sales in the United States in July, known as the "horror data", was 1%, far exceeding expectations;
The number of initial claims last week was slightly lower than expected, falling to the lowest level since July;
The crisis about recession has come to an end for the time being, and the market has turned its attention to the interest rate cut in September.
2. @CNSR_btc announced that it will airdrop $CNSR to all Rune Stone holders. In order to pay tribute to the founder of Rune Stone
@LeonidasNFT
set the standard, and also start the free and fair distribution from Rune Stone.
3. Defiance launches leveraged ETF to expand MicroStrategy's earnings; SEC approves the first leveraged long MicroStrategy ETF;
4. Coinbase analyst: ETH and SOL are the main "beta investment" targets in the crypto market, and their volatility is higher than the overall market;
5. USDC Treasury mints 250 million USDC on the Solana chain;
6. Real Vision analyst: The global liquidity model has shown a bullish signal for the first time since November 2023, and Bitcoin may be about to rise sharply;

8.15 Laboratory Daily:
The market is quite strange. Yesterday, the annual rate of CPI in July was 2.9%, which should be a good thing, but the market fell instead.
Thinking of the rise without warning on August 13, the insider information control seems to be getting more serious.
The good news is that CPI is decreasing, and the expectation of economic recession is getting lower, which is good news for the future market.
1. The US CPI data for July has been released. The overall CPI annual rate in July was 2.9%, which is the first time to return to the "2-digit" since March 2021, slightly lower than the expected 3%;
2. The probability of the Federal Reserve cutting interest rates by 25 basis points in September is 56.5%, and the probability of cutting interest rates by 50 basis points is 43.5%;
3. Bank of America is actively holding Bitcoin ETFs.
At the same time, the Wisconsin Investment Committee of the United States increased its holdings of BlackRock Bitcoin ETF.
In addition to institutions, the Harris team is also actively building the encryption industry. The United States is actively understanding and reserving Bitcoin from the bottom up.
4. The US government transferred 10,000 bitcoins ($593.5 million) obtained from Silk Road to Coinbase Prime;
5. Forexlive: The market pricing of the Fed's rate cut has dropped to 103 basis points;
6. @dexter_cap's @gm_dot_ai was delayed for nearly 4 months before going online. It received 150,000 sols and added 10,000 sols of liquidity. It stopped acting and directly cheated. None of the private placement users made money;

8.14 Lab Daily:
There is no change in the market for the time being, and it is still expected to fluctuate. Let's wait for clear news, interest rate cuts or other.
1. The number of BTC held by Bitcoin ETF is expected to exceed Satoshi;
2. The rise of US Treasury bonds and the less-than-expected increase in PPI support the Fed's active interest rate cuts;
3. Whether the SOL ETF can be passed depends on whether the US government changes;
4. Arkham: The crypto wallet holding $2 billion of Mt. Gox Bitcoin sends test transactions while the distribution continues;
5. DRW Venture Capital discloses that it has a $150 million Ethereum ETF holding;
6. @pumpdotfun
Caused the Meme coin market to be oversaturated, and traders complained about the rampant scams;
7. BNB Chain launched the "Meme Innovation Battle Round 3: The Birth of Meme Heroes", with a prize pool of up to $150,000;

You sold 100% at a moment's notice and walked out of the small room. Mom was mopping the floor, and she said to you: Eat something quickly, the food Mom cooked is cold, I saw you were busy and didn't disturb you.
You sat on a chair and ate your mother's food. You don't have any source of income yet, you believe in the propaganda of KOLs, so you play MEME, you think it can change your destiny, you like Wang Xiaoer's myth of getting rich overnight, you think you can do it too.
"I am the greatest blockchain genius in the universe, I will definitely do it!" You suddenly stood up and roared.
Dad, who was watching TV, and mom, who was mopping the floor, looked at you. Dad was silent and stunned, and mom suddenly hugged you, and tears fell from her and yours.

8.13 Lab Daily:
As yesterday, Bitcoin is continuing to pull back downward. It is expected that the interest rate cut or no interest rate cut in September is actually bearish, and it is estimated that it will be difficult to improve in the short term.
1. White House officials: We are ready for a major attack that Iran may launch this week;
2. El Salvador announced an investment of $1.6 billion to launch "Bitcoin City";
3. The SEC accused NovaTech of being involved in a $650 million cryptocurrency fraud case;
4. Bitcoin mining company Argo Blockchain said it has fully repaid the $35 million loan borrowed from asset management company Galaxy Digital in 2022.
The loan was originally intended to avoid bankruptcy during the 2022 crypto bear market;
5. CryptoQuant: Bitcoin miner reserves have fallen to the lowest level since the beginning of 2021;
6. The US SEC sent letters to major venture capital funds regarding Uniswap Labs;

8.12 Lab Daily:
Expectations for rate cuts have changed again. Federal Reserve Board member Bowman said that he may not be prepared to support rate cuts at the next meeting of US central bank officials in September.
Affected by this, the market has started a new round of decline. At present, the daily line has a trend of continuing to pull back downward, and the key support level of the daily line is around 54,000.
1. OneMedNet, a US-listed company, raised $4.6 million through a third-party targeted capital increase, of which $1.8 million was used to purchase BTC;
2. BitGo established a joint venture with BiT Global and took over the WBTC business. The CEO promised to downplay Sun Yuchen's participation;
3. Ethereum ICO participant addresses transferred 48,500 ETH to OKX in the past month, worth about $154 million;
4. MicroStrategy has adopted the Bitcoin strategy for four years, and its return rate has surpassed Buffett's Berkshire Hathaway;
5. Sam's Rule founder: It's time for the Federal Reserve to cut interest rates;

8.11 Laboratory Daily:
The market situation is similar to the judgment, and Bitcoin has been fluctuating in the range of 2400~2700.
From the current point of view, it should continue to fluctuate for a period of time until the hype about interest rate cuts begins in September.
1. Data: The total market value of stablecoins increased by 1.31% in a week, and USDT’s market share was close to 70%;
2. CME Fed Watch: The probability of the Fed cutting interest rates by 25 basis points in September is 51%, and the probability of cutting interest rates by 50 basis points is 49%;
3. The U.S. SEC and Ideanomics reached a settlement over $40 million in fraudulent financial reporting of cryptocurrency revenue;
4. Wintermute has transferred a total of 14.094 million ARB to Binance in the past 24 hours, equivalent to approximately US$7.93 million; (ARB has completely gone cold this time)
5. @Uniswap front-end transaction fees have exceeded US$57 million; (but UNI has been falling)
6. Celsius directly sued Tether to repay $2.4 billion worth of BTC, and Tether responded that it would defend the extortion;
7. The CEO of JPMorgan Chase said that an economic recession is still the most likely outcome of the U.S. economy, and that there is increasing uncertainty in the market;#BTC#ETH #Uniswap

Laboratory daily report on August 10th:
Recently in Xinjiang, I stopped updating for a few days when I went out to play.
The ETH bargain hunt around 2250 was successful, and it was sold out yesterday. The range between 2300 and 2700 fluctuated until September.
1. BTC ETFs have begun net inflows again;
2. The SEC has reservations about Hashdex’s decision to merge Bitcoin and Ethereum ETFs;
3. The IRS updates the encryption tax form and cancels the wallet address requirement;
4. The SEC has reservations about Hashdex’s decision to merge Bitcoin and Ethereum ETFs;
Regulators delay decision on listing of U.S. “altcoin” ETF launched by Hashdex;
5. GSR CEO: The high correlation between Bitcoin and US stocks is expected to continue before the election;
6. Cardano Lianchuang: Bitcoin’s role as a U.S. reserve asset is conducive to price trends, but there are significant risks;
7. CoinGecko survey: 54.1% of crypto participants do not expect the NFT market to recover in this round;
8. The supply of USDT and USDC increased by US$3 billion a week;
9. The founder of Cardano said that if the United States really uses BTC as a strategic reserve, it may bring about centralization risks, because this would mean that the United States controls 19% of the supply;

Have you bottomed out at 2100?

#BTC
Yesterday, the lowest price hit 49,000, which is only 10 points away from the strong chip range support of 4.3-4.2.
The difference is not too big, unless the entire upward trend is broken and the bull market from the end of the year to next year is overturned.
Otherwise, I don’t think it will fall below 4.2-4.3. 10 points more will not make much difference.
But ETH fell to 2100 first due to on-chain liquidation, and it is actually the first target to adjust in place in this wave.
If it continues to go down, I will find a way to buy the bottom.
After a period of fluctuation in the large range, it will continue to go up.

Bullish in one day? A bit scary.
I just think that ETH has fallen to the right level at 2100, but I don’t think so for other things.
The interest rate cut in September, the interest rate cut and the money release need time.
The recession cycle has already begun.
The bottom is never a needle, the market is panic enough, but not desperate enough.

Lab Daily Report on August 6:
1. Global assets encountered "Black Monday", Japan, South Korea, and Turkey triggered the circuit breaker mechanism; the seven giants of the US stock market evaporated $1.3 trillion in market value at the opening;
2. When the market fell, BlackRock, MicroStrategy, Grayscale, and Fidelity did not sell Bitcoin during the market decline; on the contrary, many institutions continued to increase their positions. This is the difference between professional institutions and retail investors, because the market has not reached the top and the market trend has not disappeared;
3. Wintermute, Jump Crypto and other 5 market makers have transferred more than 130,000 ETH to CEX in the past two days;
4. Trump warned the current government not to sell the Bitcoin it holds;
5. Arkham: BlackRock, MicroStrategy, Grayscale and Fidelity did not sell Bitcoin during the market decline;
Hedge fund giant Capula holds about $420 million worth of Bitcoin spot ETF;
ARK Invest purchased about $14.81 million of Coinbase yesterday Stocks;
Australia Monochrome Spot Bitcoin ETF hits record high today;
6. Fed Goolsby: Employment data is lower than expected, but no signs of recession have been shown yet;
Fed Goolsby: It is not the Fed’s job to react to one month’s employment data;
Fed Goolsby: If the economy worsens, the Fed will take steps to fix it;
7. CoinShares: $528 million flowed out of digital asset investment products last week;
Market:
Yesterday, the market was still wailing, and today we are looking at a bull market?
I am optimistic about the trend from the end of the year to next year, but not the current trend.
It may be the best trend for Bitcoin to return to around 4, and then go sideways for a few months.
Don’t be afraid of a sharp drop, and don’t be afraid of a slow rise.
ETH2100 is very safe, and the others are not safe.

"Diving"
"He woke up and checked his account, saying he went diving at the beach, but he didn't bring a diving suit or an oxygen tank."

"He woke up, checked his account, and said he was going downstairs to buy cigarettes. He didn't take the stairs or the elevator."

From ETH, let's look at the extremes of BTC and SOL.
BTC is extremely oversold by 40,000, while SOL is around 80.
I hope this won't happen, it's too difficult.