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- #10 Macro Markets - 16th June, 2023
#10 Macro Markets - 16th June, 2023
Institutional Money Flow, Top Movers, Narratives, Security, Regulations and everything about the crypto Economy.
Welcome to the tenth issue of the Macro Markets. Let’s see overall market sentiment.
Price Action:
Crypto Markets increased by ~2.27% taking the overall tracked market capitalization to $1.08T:
The global #crypto market cap today is $1.08T, a 2.27% change in the last 24h.
Total trading volume in the last 24h is at $37.0B.
#BTC dominance is at 46.01% and #ETH - 18.64%.16.06.2023 8:45:16 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
8:47 AM • Jun 16, 2023
Crypto Today:
Top Gainers (24 hrs):
⚡️TOP GAINERS OF THE DAY!
16 June 2023
$MNDE $TENET $NOM $TOMI $FIS $AKT $OCEAN $TWT $FITFI $NAKA— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep)
11:52 AM • Jun 16, 2023
Bitcoin Fear & Greed Index:
Bitcoin Fear and Greed Index is 47 - Neutral
Current price: $25,490— Bitcoin Fear and Greed Index (@BitcoinFear)
11:30 AM • Jun 16, 2023
Crypto Volatility Index stands at 47.3:
Major events in the centralized crypto world.
ConsenSys on amendments proposed by SEC concerning definition of an ‘exchange’:
You may now find on the @ConsenSys blog our full comment on the amendments proposed in the SEC's rulemaking concerning the definition of an "exchange" under the Exchange Act of 1934.
In this letter, we provide our perspective on what appears to be a… twitter.com/i/web/status/1…
— Bill Hughes : wchughes.eth 🦊 (@BillHughesDC)
2:54 PM • Jun 15, 2023
FDIC warns OKCoin about deceiving customers with protection claims:
NEWS: OKCoin is under fire for claiming FDIC insurance without actual coverage
— Blockworks (@Blockworks_)
10:30 AM • Jun 16, 2023
Options Data:
🎊June 16 Options Data
📷25k BTC options are about to expire, with a Put Call Ratio of 0.73, a max pain point of $26,000 and a notional value of $650 million.
179k ETH options are about to expire, with a Put Call Ratio of 0.72, a max pain point of $1,750 and a notional value… twitter.com/i/web/status/1…— Greeks.live (@GreeksLive)
2:20 AM • Jun 16, 2023
NATO under cyber attack:
🚨🇷🇺 NATO under #Cyberattack.
— Terror Alarm (@Terror_Alarm)
4:02 PM • Jun 15, 2023
Do Kwon jailed six more months as courts weigh extradition requests from US and South Korean prosecutors:
Do Kwon jailed six more months as courts weigh extradition requests from US and South Korean prosecutors June 15, 2023 at 08:22PM #CryptoCurrency #Crypto#CryptoTwitter
— Crypto Faucet Sites & Crypto News Tweets (@btcfaucets_2023)
7:59 PM • Jun 15, 2023
Tether did back USDT with Chinese securities, documents show:
Tether did back USDT with Chinese securities, documents show: Bloomberg theblock.co/post/235119/te…
— The Block (@TheBlock__)
11:08 AM • Jun 16, 2023
Sued by CFTC and SEC, Binance partners with The Weeknd for metaverse experience
NEWS: Binance announces metaverse featuring The Weeknd while under fire by SEC
twitter.com/i/web/status/1…
— Blockworks (@Blockworks_)
2:01 PM • Jun 16, 2023
Digital Gold ETF parallel w/ Bitcoin ETF:
Digital Gold is a $10T market.
— Ki Young Ju (@ki_young_ju)
9:57 PM • Jun 15, 2023
‘Tether is next’ says short seller who bet against Silvergate and Signature Bank:
‘Tether is next’ says short seller who bet against Silvergate and Signature Bank – DL News The next Domino to Fall
— Marc Cohodes (@AlderLaneEggs)
7:50 PM • Jun 15, 2023
MakerDAO Hikes DAI Savings Rate, Ousts Paxos Dollar, Curbs Gemini Dollar in Reserve:
In a slew of votes, @MakerDAO approved increasing the reward for holding its $DAI stablecoin to 3.49% from 1%, ousted @Paxos Dollar from the stablecoin reserve and favored reducing @Gemini Dollar.
@sndr_krisztian reports
— CoinDesk (@CoinDesk)
8:18 PM • Jun 15, 2023
Crypto giant Binance's US affiliate fires staff after SEC charges:
Crypto giant Binance's US affiliate fires staff after SEC charges -sources cna.asia/4678QlF
— CNA (@ChannelNewsAsia)
5:49 PM • Jun 15, 2023
Coinbase spends $45.5 million to buy back some of its debt:
Coinbase tells SEC that DEXs can't be regulated as exchanges theblock.co/post/234728/co…
— The Block (@TheBlock__)
6:45 PM • Jun 14, 2023
BUSD dips beneath DAI market cap after $95 million burn:
BUSD dips beneath DAI market cap after $95 million burn theblock.co/post/235053/bu…
— The Block (@TheBlock__)
9:56 PM • Jun 15, 2023
US Equity Funds register biggest weekly inflow in 28 Month:
U.S. EQUITY FUNDS REGISTER BIGGEST WEEKLY INFLOW IN 28 MONTHS
— FXHedge (@Fxhedgers)
2:26 PM • Jun 16, 2023
Trezor CEO cites usability as top factor for hardware wallet:
“Security at the expense of usability, comes at the expense of security,” Trezor CEO Matej Zak said, referring to a quote by Bounce Security CEO Avi Douglen.
— Cointelegraph (@Cointelegraph)
11:42 AM • Jun 16, 2023
Central Banks Successfully Test Over 30 CBDC Use Cases, Including Offline Payments:
NEW: @BIS_org and @bankofengland have tested over 30 central bank digital currency (CBDC) use cases, including offline payments, using an API layer to connect public and private infrastructures.
@camomileshumba reports
— CoinDesk (@CoinDesk)
9:02 AM • Jun 16, 2023
Hong Kong-based CoinEx to exit New York, pay $1.7M in NYAG settlement:
NEWS: CoinEx will provide over $1.1 million in refunds to nearly 4,700 New Yorkers
— Blockworks (@Blockworks_)
4:26 PM • Jun 15, 2023
A stablecoin with yield? Tokenized fund perhaps just the start for fund giant:
NEWS: Blockchain tech is set to be “transformational” for various capital markets, Franklin Templeton's digital assets head says
blockworks.co/news/stablecoi…
— Blockworks (@Blockworks_)
5:45 PM • Jun 15, 2023
Binance Under Investigation in France for 'Aggravated' Money Laundering:
.@binance is under investigation by French authorities for "illegal" provision of digital asset services and "acts of aggravated money laundering. By @iamsandali and @@jackschickler.
— CoinDesk (@CoinDesk)
10:47 AM • Jun 16, 2023
Bitcoin in Cuba: Why some Cubans are adopting BTC to escape ‘The Matrix’:
Reporter @JoeNakamoto spent 9 days using #Bitcoin in Cuba. He interviewed @ErichGarciaCruz on day 3–read about it here!
— Cointelegraph (@Cointelegraph)
10:54 AM • Jun 16, 2023
Tether to stop the opposition to FOIL, in favor of transparency:
As announced yesterday @Tether_to decided to stop the opposition to the FOIL matter in the U.S., in favor of transparency for our industry.
Today the information has been digested and used by few media outlets, starting from Bloomberg. Others will follow soon.
The information… twitter.com/i/web/status/1…
— Paolo Ardoino 🍐 (@paoloardoino)
12:39 PM • Jun 16, 2023
Today, Celsius announced it will sell all altcoins from its customers starting on July 1st and convert them into $BTC and $ETH :
Today, Celsius announced it will sell all altcoins from its customers starting on July 1st and convert them into $BTC and $ETH
The total altcoin sell pressure amounts to $215M:
• $CEL: $70M
• $MATIC: $52M
• $ADA: $26M
• $LINK: $17M
• $LTC: $14M— An Ape's Prologue (@apes_prologue)
5:53 PM • Jun 15, 2023
Europeans Take a Major Step Toward Regulating A.I.:
Breaking News: The European Union took an important step toward passing an artificial intelligence law that would restrict what are seen as its riskiest uses.
— The New York Times (@nytimes)
11:00 AM • Jun 14, 2023
CEX Market Statistics
Liquidation Heatmap - $55.49M worth of liquidations in the last 24 hours:
Open Interest:
Cumulative Long:Short in the market:
Good Reads:
An indepth practical explainer into the BlackRock’s BTC ETF:
It seems that many are spreading false information. BlackRock filed for a bitcoin trust today that will act very similar to GBTC if approved, which means investors will get fleeced with fees while under performing bitcoin spot. Would not recommend.
— Marty Bent (@MartyBent)
11:15 PM • Jun 15, 2023
The nuances of the spot Bitcoin ETF:
Blackrock filed to launch a spot Bitcoin ETF today
some writing for dummies on:
- why spot ETFs are the shit
- why no spot ETF has been approved so far
- whether this time will be different
- whether this is the start of a new bull market1/
— thiccy (@thiccythot_)
5:47 AM • Jun 16, 2023
Announcing Optimistic ZK IBC Connections:
1/ Exciting news - we're thrilled to announce Optimistic ZK IBC Connections! Contrary to community perception, Polymer is enabling more than just ZK-IBC connections. Let's revisit the interoperability model to clear things up 🧵
— Polymer Labs (@PolymerDAO)
6:45 PM • Jun 15, 2023
ERC6551:
You may have seen some tweets about ERC6551 and how it's going to completely revolutionize NFTs. However, you might not know what it is exactly or how it works.
Let's change that.
Here's a simple explanation of how ERC6551 will enable all NFTs to own any type of asset 🧵:
— cygaar (@0xCygaar)
3:26 PM • Jun 15, 2023
Uniswap v4 hooks:
1/ In v4, we’re introducing hooks 🎣
Let’s look at what they are and some hooks we’re excited about.
What ideas do you have?!
— Uniswap Labs 🦄 (@Uniswap)
7:22 PM • Jun 15, 2023
A continuation of the Prometheum story:
1/23
Hoooooo baby this Prometheum story gets even better.
So they started in 2017 when they filled their Reg A+ and aimed to raise $50M.
But how did these random lawyers supposedly get approval from the SEC and FINRA?
— Adam Cochran (adamscochran.eth) (@adamscochran)
12:41 AM • Jun 15, 2023
Hayes on the bull market baton transfer to China from the US: Fungible
When one door closes another opens. "Fungible" is an essay about the irrelevancy of US crypto traders and why the bull market baton will transfer from the US to China.
shorturl.at/iDR05
— Arthur Hayes (@CryptoHayes)
11:00 PM • Jun 15, 2023
A summary of Hayes latest essay: Fungible
My wife divorced me because I ditched our date night and left her on read to get this summary done (true story)
Here's a summary of Arthur Hayes latest article: Fungible
📖
— jay (@0xjaypeg)
1:03 AM • Jun 16, 2023
138162 wallets w/ unclaimed crypto airdrops ($142.65M):
This excel contains 138162 wallets with unclaimed crypto airdrops total value 142.655.908 $ (142.65 MIL$)
Search you wallets on this Excel
~ 2 months of work
— !Kent www.Kent.vc 🛸 (@wearekent_)
12:13 AM • Jun 14, 2023
Ethereum Foundation on projects that received grants in Q1:
New year, new grants ✨
Check out our latest Allocation Update blog post to learn more about the projects that received funding in Q1!
— EF Ecosystem Support Program (@EF_ESP)
3:11 PM • Jun 15, 2023
WuBlockchain Weekly Macros:
WuBlockchain Weekly: Federal Reserve Announces Pause in Interest Rate Hikes, Judge Rejects Freezing Binance Assets and Top10 News
— Wu Blockchain (@WuBlockchain)
1:17 PM • Jun 16, 2023
An explainer into Curve founder’s positions:
Michael Egorov, founder of Curve, is the largest borrower against Curve's token CRV - on 4 separate DeFi protocols.
He currently borrows over $100M in stablecoins - despite the fact that CRV has less than $50M of liquidity on-chain.
Are his positions too big for DeFi? 👇
— Arkham (@ArkhamIntel)
5:27 PM • Jun 15, 2023
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