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- 1# The Ape Board - 5th February, 2023
1# The Ape Board - 5th February, 2023
Curated feed sharing Alpha, events and insights into the crypto economy...
Macro bites:
The view is dovish:
🏦 FOMC statement: 25 bps hike but pretty dovish wording
• Inflation has “eased somewhat but remains elevated”; they dropped the reference to “broader price pressures”
• They are now determining the “extent” of future rate hikes instead of the "pace” 2/9— FX Macro Guy (@fxmacroguy)
9:07 PM • Feb 1, 2023
How many fed hikes have we had so far?
The Fed meets again on March 22 and the market is pricing in a high probability (83%) of another 25 bps hike. That would be the 9th rate hike in a row and bring the Fed Funds Rate up to a new range of 4.75-5.00%.
The last time the Fed Funds Rate was that high?
September 2007
— Charlie Bilello (@charliebilello)
6:19 PM • Feb 4, 2023
Now, news from the crypto world:
Crypto market numbers:
The global #crypto market cap today is $1.13T, a 0.53% change in the last 24h.
Total trading volume in the last 24h is at $52.4B.
#BTC dominance is at 40.05% and #ETH - 17.83%.05.02.2023 5:44:46 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
5:47 AM • Feb 5, 2023
Crypto volatility levels are relatively low:
The Crypto Volatility Index is at 60.17 📊
The CVI ranges between 0-200
0-85 ≈ Low volatility
85-105 ≈ Medium volatility
105-200 ≈ High volatility
Trade #volatility (CVOL):
Platform 👉🏻 cvi.finance
Sushiswap 👉🏻 sushi.com/swap?token0=0x…@official_CVI
$CVOL $GOVI— CVI Daily (@CVIdaily)
9:12 AM • Feb 4, 2023
Some good news from the Bitcoin network. Now you can mint NFTs on Bitcoin :
Some of my fave things about "NFTs" on bitcoin:
1. They don't call them NFTs. They call them digital artifacts. Easier on the tum-tum. Normies can digest it.
2. Inscriptions are numbered/serialized... so the first 1 minted will always be #1, #2,000 will always be 2,000, etc 👇
— redphone ☎️🧙🏻♂️ (@redphonecrypto)
4:52 AM • Feb 5, 2023
FTX asking politicians to return the donation money 🤣
Justin Sun at it again. Now you can trade FUD (FTX User Debt)
a16z quashes Uniswap proposal to launch on BNB Chain:
Something big happening on Monday!
Delphi Digital uncovers Frax Finance:
CJ musings on Mantle Network:
EigenLayer reshaping staking in Ethereum:
curvecap’s thread on launch of crvUSD:
wallerface Labs discussing the 2 new stablecoins ($crvUSD & $GHO):
Rocketpool zooms past $1B in TVL👏
Bankless weekly rollup summarizing what made news in the arena:
And that’s a wrap for today! Hope you enjoyed reading this.
Please RT/follow and share if you found this valuable! :)
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