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- #14 Macro Markets - 20th June, 2023
#14 Macro Markets - 20th June, 2023
Institutional Money Flow, Top Movers, Narratives, Security, Regulations and everything about the crypto Economy.
Welcome to the fourteenth issue of the Macro Markets. Let’s see overall market sentiment.
Price Action:
Crypto Markets increased by 0.74% taking the overall tracked market capitalization to $1.11T:
The global #crypto market cap today is $1.11T, a 0.74% change in the last 24h.
Total trading volume in the last 24h is at $31.8B.
#BTC dominance is at 46.73% and #ETH - 18.69%.20.06.2023 11:27:01 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
11:29 AM • Jun 20, 2023
Crypto Today:
Top Gainers (24 hours):
⚡️TOP GAINERS OF THE DAY!
20 June 2023
$XCN $LBR $KARATE $EFI $MIR $LADYS $CLV $STX $VOLT $FITFI— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep)
2:23 PM • Jun 20, 2023
Bitcoin Fear & Greed Index:
Bitcoin Fear and Greed Index is 49. Neutral
Current price: $26,771— Bitcoin Fear and Greed Index (@BitcoinFear)
11:00 AM • Jun 20, 2023
Crypto Volatility Index stands at 48.39:
Daily On-Chain Exchange Flow:
📊 Daily On-Chain Exchange Flow
#Bitcoin $BTC
➡️ $824.3M in
⬅️ $905.0M out
📉 Net flow: -$80.7M#Ethereum $ETH
➡️ $294.8M in
⬅️ $372.2M out
📉 Net flow: -$77.4M#Tether (ERC20) $USDT
➡️ $531.7M in
⬅️ $558.2M out
📉 Net flow: -$26.5Mglassno.de/netflow
— glassnode alerts (@glassnodealerts)
5:00 AM • Jun 20, 2023
Commodity Insights (Oil):
#China's Shandong customs resume long-suspended #bitumen blend clearance| #OOTT@oceana_zhou
📰: okt.to/YaGtJp🔹Improved chance for #refiners to bring in bitumen blend
🔹Venezuelan Boscan meets customs requirement
🔹Customs drafts bitumen blend specification standard— Commodity Insights Oil (@SPGCIOil)
11:26 AM • Jun 20, 2023
Major events in the centralized crypto world.
Former SEC advisor: Legal doctrine could end Gensler’s crypto crackdown:
Ok, tell me more… theblock.co/post/235463/fo…
— The Wolf Of All Streets (@scottmelker)
12:21 AM • Jun 20, 2023
Bitcoin Holds Steady as China Rate Cut Fails to Encourage Risk Taking:
Bitcoin, a pure play on fiat liquidity, struggled the gather upside traction even as China cut benchmark loan prime rates by 10 basis points. reports @godbole17.
trib.al/mlSav9a
— CoinDesk (@CoinDesk)
7:43 AM • Jun 20, 2023
Cosmos DEX Osmosis cuts token inflation by 50%, plans fee sharing in OSMO 2.0 update:
Cosmos DEX Osmosis cuts token inflation by 50%, plans fee sharing in OSMO 2.0 update theblock.co/post/235529/co…
— The Block (@TheBlock__)
4:59 PM • Jun 19, 2023
FTX paid over $120 million in advisor fees between February 1 and April 30:
My latest - FTX paid over $120 million in financial and legal advisor fees between February 1 and April 30
— Frank Chaparro (@fintechfrank)
6:53 PM • Jun 19, 2023
Unified Ledger for CBDCs, Tokenized Assets Could Enhance Global Financial System: BIS:
NEW: A unified ledger that combines CBDCs, tokenized money and assets could enhance the global financial system, @BIS_org's annual economic report says.
@camomileshumba reports
— CoinDesk (@CoinDesk)
11:02 AM • Jun 20, 2023
Alibaba's Crypto Friendly Joseph Tsai Set to Become Chairman:
.@AlibabaGroup has named crypto-friendly @joetsai1999 as its Chairman. Is this a sign of a change in China? @thesamreynolds writes.
trib.al/yCh7RoE
— CoinDesk (@CoinDesk)
6:15 AM • Jun 20, 2023
Former Tory MP blasted for crypto lobbying side-hustle:
Former Tory MP blasted for crypto lobbying side-hustle
— Protos (@Protos)
3:48 PM • Jun 19, 2023
Deutsche Bank seeks crypto custody license approval in Germany:
NEWS: Deutsche Bank is working on offering crypto custody
— Blockworks (@Blockworks_)
12:45 PM • Jun 20, 2023
OpenSea volume was below 1800 ETH on Sunday for the first time since July 2, 2021:
OpenSea volume was below 1800 ETH on Sunday for the first time since July 2, 2021 twitter.com/i/web/status/1…
— NFTstatistics.eth (@punk9059)
11:23 AM • Jun 20, 2023
Tokenization Could Be a $5T Opportunity Led by Stablecoins and CBDCs: Bernstein
.@BernsteinBuzz estimates that the size of the tokenization opportunity could be as much as $5 trillion over the next five years, led by stablecoins and central bank digital currencies. @willcanny99 reports.
— CoinDesk (@CoinDesk)
6:47 AM • Jun 20, 2023
Binance Sets Up Bitcoin Lightning Nodes to Ease Deposits and Withdrawals:
Crypto exchange @binance today said it had set up Lightning nodes on the Bitcoin network to eventually offer Lightning-based bitcoin deposit and withdrawal services to users. By @shauryamalwa
trib.al/ZD5rxzY
— CoinDesk (@CoinDesk)
9:37 AM • Jun 20, 2023
Japan’s Crypto Exchanges Push for 10 Times Leverage on Margin Trading: Bloomberg
Japanese cryptocurrency exchanges are urging regulators to relax margin trading restrictions on popular cryptocurrencies such as $BTC. By @shauryamalwa
— CoinDesk (@CoinDesk)
9:41 AM • Jun 20, 2023
Bitcoin 'Permabull' Max Keiser: 'El Salvador Will Be Debt Free by 2030 With Bitcoin':
#Bitcoin permabull Max #Keiser stated: "This country will be debt free by 2030 with bitcoin and geothermal bitcoin mining."
— Bitcoin News (@BTCTN)
8:34 AM • Jun 20, 2023
New Mystic Stealer malware increasingly used in attacks:
New Mystic Stealer malware increasingly used in attacks - @billtoulas
bleepingcomputer.com/news/security/…— BleepingComputer (@BleepinComputer)
3:16 PM • Jun 18, 2023
Charles Schwab, Citadel-backed crypto exchange goes live today: WSJ
Charles Schwab, Citadel-backed crypto exchange goes live today: WSJ theblock.co/post/235607/ch…
— The Block (@TheBlock__)
12:17 PM • Jun 20, 2023
Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan:
According to data presented by the #Argentine Commerce Secretariat, imports denominated in #Chinese#yuan rose to almost 20% in April and May, with operations equivalent to $2.72 billion authorized. news.bitcoin.com/argentina-sett…
— Bitcoin News (@BTCTN)
10:02 AM • Jun 20, 2023
Bitcoin Is Becoming Illiquid at 147K a Month in Signal of Steady Accumulation:
Data from @glassnode show, $BTC is flowing into wallets tied to illiquid entities, or network participants with little to no spending history, at the fastest rate since December. reports @godbole17.
trib.al/yax54iX
— CoinDesk (@CoinDesk)
10:18 AM • Jun 20, 2023
Bangladesh Eyes BRICS Invite as Rumors Swirl of Formal Request:
AK Abdul Momen expressed his certainty about their participation, stating, "We will surely join once they invite us.”
— Bitcoin News (@BTCTN)
5:32 AM • Jun 20, 2023
Gemini Announces Expansion Plans in APAC:
4/ We are committed to implementing our international vision for the future of Gemini as we continue on our mission to unlock the next era of financial, creative, and personal freedom for all. Onward and upward! 🚀
— Gemini (@Gemini)
12:46 PM • Jun 20, 2023
Hong Kong can draw on Japan, Singapore’s lead for its crypto efforts, says government study:
Hong Kong can draw on Japan, Singapore’s lead for its crypto efforts, says government study theblock.co/post/235589/ho…
— The Block (@TheBlock__)
10:40 AM • Jun 20, 2023
31% of young Aussies hold crypto despite being ‘risk averse’ — ASX survey:
Despite describing themselves as more “risk averse” than their older peers, a staggering 31% of all Australian investors aged 18 to 24 hold some form of crypto in their investment portfolios, new research from @ASX has revealed.
— Cointelegraph (@Cointelegraph)
5:18 AM • Jun 20, 2023
Reverse Repos:
Big recent falls! Looks like #Fed policy to switch #liquidity from #RRP is working, pace Corporate tax payments....
— CrossBorder Capital (@crossbordercap)
7:41 AM • Jun 17, 2023
USD Liquidity Increase:
USD liquidity continues to increase 👇
Outflows from the Fed's reverse repo seem to be picking up over recent days which is liquidity positive.
There's ~$1.99T USD sitting with the Fed, which is down from ~$2.55T in January... twitter.com/i/web/status/1…
— tedtalksmacro (@tedtalksmacro)
4:21 PM • Jun 16, 2023
Housing Starts:
Breaking down the US Housing Starts Report and why it's important.
👇👇👇
— Pursuing Freedom (@PursuingFreed0m)
12:29 PM • Jun 20, 2023
UK Crypto, Stablecoin Laws Approved by Parliament's Upper House:
NEW: Lawmakers in @UKHouseofLords have voted for the new Financial Services and Markets Bill, which proposes regulating crypto and stablecoins under existing laws.
@camomileshumba reports.
trib.al/ao1ksJu
— CoinDesk (@CoinDesk)
2:45 PM • Jun 19, 2023
CEX Market Statistics
Liquidation Heatmap - $59.13M worth of liquidations in the last 24 hours:
Open Interest:
Cumulative Long:Short in the market:
Good Reads:
Leveraging Dune Analytics to become a crypto wiz:
Want to be a crypto wizard🧙♂️?
Welcome to the @DuneAnalytics dashboards guide from the best wizards!
Grab your wand, and let's dive in! 💫🧵
— Finish 🏁 (@0xFinish)
3:46 PM • Jun 17, 2023
Major Airdrops:
You will lose spending's on most of airdrops!
I've compiled whole history of major airdrops!
Let's dive in 🧵👇
— Splin Teron (@splinter0n)
6:31 PM • Jun 18, 2023
Top 8 high-potential Polkadot projects:
.@Polkadot will surprise you in the next bull run, it is one of the #blockchains recording the highest development activity!
What is silently being prepared?
I spent hours studying this ecosystem to find projects with high potential!
Top 8 Polkadot high-potential projects!
🧵
— The Smart Ape 🔥 (@the_smart_ape)
3:00 PM • Jun 17, 2023
6 narratives to watch during the next bull run:
Crypto thrives on narratives. A powerful one tugs at our emotions and forces us to buy.
The key is being early.
It's the difference between a 50x and buying the top.
🧵 Here are the top 6 narratives set to take off next bull run:
— Louis (@lou_markets)
7:16 PM • Jun 18, 2023
Crypto seeks refuge abroad (leaving USA):
OPINION: Crypto will seek refuge abroad
— Blockworks (@Blockworks_)
4:01 PM • Jun 19, 2023
LSDFi Research:
Discover LSDfi in our latest #Binance Research report.
We delve into this rapidly growing sector that is at the intersection of liquid staking and DeFi.
Read on as we highlight the major players, sector growth, and more.
— Binance Research (@BinanceResearch)
4:39 PM • Jun 16, 2023
Securities law professor analyzes the SEC’s crypto crackdown: Part 2
Securities law professor analyzes the SEC’s crypto crackdown: Part 2 theblock.co/post/235601/pr…
— The Block (@TheBlock__)
12:00 PM • Jun 20, 2023
Ethereum after upgrades:
1/ #Ethereum underwent transformative upgrades (The Merge, Shapella) in the past year.
This led to remarkable economic developments and a skyrocketing growth of new liquid staking protocols and liquid staking tokens (LSTs).
@kunalgoel dives in. 🧵
— Messari (@MessariCrypto)
3:20 PM • Jun 15, 2023
Crypto Calendar:
Launched a crypto calendar with the most important crypto and macro events to track
defillama.com/calendar
— 0xngmi (@0xngmi)
12:38 AM • Jun 20, 2023
How Discord stores trillions of messages:
How Discord stores trillions of messages...
— Rohas Nagpal (@rohasnagpal)
3:05 AM • Jun 20, 2023
Crypto as a Payments System:
When #BTC was first introduced, the #crypto was touted as a new instantaneous mode of payment. But yet over the years, the rails established for payments are now being developed for web3 crypto transaction.
This thread 🧵provides a brief view of the market.@MimicLabs
— Justin (@0xLANK)
12:34 PM • Jun 20, 2023
BlackRock Bitcoin ETF: The wolf enters the henhouse?
ANALYSIS: Would BlackRock's Bitcoin ETF let the wolf in the henhouse?
— Blockworks (@Blockworks_)
4:59 PM • Jun 19, 2023
Liquidity Drain:
The liquidity drain has begun, with hundreds of billions in reserves set to leave the system. But this reduction could not only fail to subdue risk assets. A squeeze in a covert market will allow the Fed to ease, again without a pivot. The Repo Market Put™ awaits us... 1/
— Conks 🥷 (@concodanomics)
10:06 PM • Jun 18, 2023
Cobo: In-depth insights into custody requirements and tailored solutions for Hong Kong virtual asset exchanges and fund managers:
In-depth insights into custody requirements and tailored solutions for Hong Kong virtual asset exchanges and fund managers
In particular, it stipulates that 98% of user assets must be stored in cold wallets, while the remaining 2% can be stored in hot wallets and/or other… twitter.com/i/web/status/1…
— Wu Blockchain (@WuBlockchain)
12:04 PM • Jun 20, 2023
Bitcoin Could Benefit From These 3 Bullish Tailwinds:
$BTC has declined over 16% in the past two months, but can the largest cryptocurrency's resume its upward journey? These three bullish tailwinds could hold the answer. By @godbole17.
trib.al/P9jJQQb
— CoinDesk (@CoinDesk)
12:13 PM • Jun 19, 2023
Code Reader (beta) = Leverage AI to learn about any smart contract source:
🆕 Code Reader (Beta)
Leverage the power of AI to seamlessly learn about any smart contract source code! ✨
— Etherscan (@etherscan)
11:37 AM • Jun 19, 2023
Macro Events throughout this week:
THE WEEK AHEAD⚠️
Times in GMT as per voter poll
Monday:
1. US Markets Closed (Juneteenth)
2. NAHB Housing Index (Jun) 15:00Tuesday:
3. German PPI (May) 07:00
4. US Housing Starts (May) 13:30
5. US Building Permits (May) 13:30Wednesday:
6. UK CPI (May) 07:00
7. CBI… twitter.com/i/web/status/1…— Macro Dose (@macro_dose)
8:28 AM • Jun 19, 2023
‘Commoditizing your complement’ business strategy:
“Commoditize your complement”: this is a business strategy worth being familiar with.
ChatGPT and LLMs just commoditized the complement of data: software.
This increases the value of data, but mainly drives value accrual to the new scarce complement: semiconductors 🧵
— 𝙱𝚞𝚗𝚗𝚢 𝙶𝚞𝚎𝚛𝚒𝚕𝚕𝚊 (vietnam farmer) 🪷 (@BackTheBunny)
7:53 AM • Jun 19, 2023
The next 11 days in crypto:
Gm.
I’ve seen some concerns about what’s going to happen in the next 11 days.
Here is my simple thought process:
(Don’t read this if your attention span is short, I’m serious).
In the grand scheme of things, it doesn’t matter what happens because this market is a niche of a… twitter.com/i/web/status/1…
— Zak³⚱️ (@ZakaiMill)
9:22 AM • Jun 20, 2023
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