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- #15 Macro Markets - 21th June, 2023
#15 Macro Markets - 21th June, 2023
Institutional Money Flow, Top Movers, Narratives, Security, Regulations and everything about the crypto Economy.
Welcome to the fifteenth issue of the Macro Markets. Let’s see overall market sentiment.
Price Action:
Crypto Markets increased by 6.17% taking the overall tracked market capitalization to $1.18T:
The global #crypto market cap today is $1.18T, a 6.17% change in the last 24h.
Total trading volume in the last 24h is at $56.8B.
#BTC dominance is at 47.63% and #ETH - 18.63%.21.06.2023 12:07:23 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
12:09 PM • Jun 21, 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 59 — Greed
Current price: $28,846— Bitcoin Fear and Greed Index (@BitcoinFear)
11:00 AM • Jun 21, 2023
Crypto Volatility Index stands at 54.78:
Daily On-Chain Exchange Flow:
📊 Daily On-Chain Exchange Flow
#Bitcoin $BTC
➡️ $1.4B in
⬅️ $1.6B out
📉 Net flow: -$179.9M#Ethereum $ETH
➡️ $482.7M in
⬅️ $444.8M out
📈 Net flow: +$38.0M#Tether (ERC20) $USDT
➡️ $882.5M in
⬅️ $801.1M out
📈 Net flow: +$81.4Mglassno.de/netflow
— glassnode alerts (@glassnodealerts)
5:00 AM • Jun 21, 2023
Commodity Insights (Oil):
#ChartsToWatch on #CommodityTracker
➡ Bangladesh's #crudeoil slate
➡ Turkey #rebar-#scrap spread
➡ China's #MSG export prices... and more: okt.to/g59wSB
#OOTT#OATT
— Commodity Insights Oil (@SPGCIOil)
11:28 PM • Jun 20, 2023
Major events in the centralized crypto world.
Polygon Labs proposes upgrade of flagship sidechain to ‘zkEVM validium’:
ICYMI: Polygon Labs proposes to upgrade flagship sidechain to ‘zkEVM validium’ Layer 2
theblock.co/post/235698/po…— The Block (@TheBlock__)
1:26 AM • Jun 21, 2023
Wallet possibly associated with Silk Road funds makes small Bitcoin transaction:
ICYMI: Wallet possibly associated with Silk Road funds makes small Bitcoin transaction
theblock.co/post/235716/wa…— The Block (@TheBlock__)
4:26 AM • Jun 21, 2023
Crypto Robo-Adviser Hedgehog Launches as App With Gemini as Custodian:
.@HedgehogDotApp, a robo-adviser that provides automated financial guidance for cryptocurrency investors, has launched as an app on both the iOS and Android systems with @Gemini as custodian for users' assets. @HeleneBraunn reports
— CoinDesk (@CoinDesk)
12:01 PM • Jun 21, 2023
Bitcoin June 2024 Expiry Futures and Options in High Demand Due to Halving: Deribit
.@DeribitExchange will launch the June 2024 expiry $BTC futures and options contract on Thursday to meet high client demand. Reports @godbole17.
— CoinDesk (@CoinDesk)
7:23 AM • Jun 21, 2023
BIS makes case for 'unified ledger' but describes crypto as a flawed system:
BIS makes case for 'unified ledger' but describes crypto as a flawed system theblock.co/post/235800/bi…
— The Block (@TheBlock__)
11:23 AM • Jun 21, 2023
Payments startup Ramp adds 40 national currencies that can be exchanged for crypto:
The move adds the Brazilian real a week after the country passed landmark crypto-friendly legislation. trib.al/wk5j3Wk
— FORTUNE (@FortuneMagazine)
1:19 PM • Jun 21, 2023
Uncovering Ethereum’s close ties to Chinese money:
Uncovering Ethereum’s close ties to Chinese money
— Protos (@Protos)
11:19 AM • Jun 21, 2023
Binance Will Expand Zero-Fee Trading on TrueUSD after Minting $1B of TUSD:
.@binance announced plans to expand its zero-fee trading promotion to all $TUSD trading pairs, as the crypto exchange increasingly relies on the fifth-largest stablecoin on its platform. @sndr_krisztian reports.
— CoinDesk (@CoinDesk)
1:36 PM • Jun 21, 2023
Sam Altman-backed Reserve makes $20m Curve Wars power play:
Stablecoin issuer @reserveprotocol embarks on its biggest DeFi investment outlay, spending $20 million to acquire @CurveFinance, @ConvexFinance, and @StakeDAOHQ governance tokens.
— DL News (@DLNewsInfo)
4:34 PM • Jun 20, 2023
Tether Issues USDT on Kava Blockchain; KAVA Token Climbs 5%:
.@Tether_to has issued its USDT stablecoin on the @KAVA_CHAIN, $KAVA rose by 5% on the news. Reporting by @OKnightCrypto.
— CoinDesk (@CoinDesk)
10:36 AM • Jun 21, 2023
Singapore's MAS proposes digital money system; Amazon and Grab initiate pilot trials:
Singapore's MAS proposes digital money system; Amazon and Grab initiate pilot trials theblock.co/post/235809/si…
— The Block (@TheBlock__)
12:37 PM • Jun 21, 2023
CleanSpark to host 6,000 miners at new $9.3 million Bitcoin mining facility:
CleanSpark to host 6,000 miners at new $9.3 million Bitcoin mining facility theblock.co/post/235769/cl…
— The Block (@TheBlock__)
1:00 PM • Jun 21, 2023
Former Genesis exec joins Mike Novogratz's Galaxy as sales head:
Former Genesis exec joins Mike Novogratz's Galaxy as sales head theblock.co/post/235808/fo…
— The Block (@TheBlock__)
12:40 PM • Jun 21, 2023
Flashbots co-founder warns of 'serious challenges' beyond MEV bots in departure letter:
ICYMI: Flashbots co-founder warns of ‘serious challenges’ beyond MEV bots in departure letter
theblock.co/post/235717/fl…— The Block (@TheBlock__)
5:21 AM • Jun 21, 2023
Polygon decries ‘back-end way’ to regulate smart contracts in EU legislation:
With one week until legislators decide the fate of smart contracts in the EU, @RebeccaRettig1 from @0xPolygonLabs hopes to prevent a ban on public blockchains "at all costs"
— DL News (@DLNewsInfo)
10:19 AM • Jun 20, 2023
Mastercard files new trademark for crypto tools:
#Mastercard files a new trademark application, signaling big plans for #crypto and #blockchain transactions
u.today/mastercard-fil…— U.Today (@Utoday_en)
3:33 PM • Jun 19, 2023
WisdomTree, Invesco file for spot ETFs:
NEWS: Invesco and WisdomTree file for spot bitcoin ETFs
— Blockworks (@Blockworks_)
11:28 AM • Jun 21, 2023
CZ slams ‘scammer entity’ in Nigeria as more Binance copycats emerge:
Crypto exchange @binance and its CEO @cz_binance have not one but four copycats to contend with in Nigeria.
— DL News (@DLNewsInfo)
10:34 AM • Jun 21, 2023
Raising the stakes: Proposal to increase Ethereum max validator balance ignites debate:
Raising the stakes: Proposal to increase Ethereum max validator balance ignites debate theblock.co/post/235625/ra…
— The Block (@TheBlock__)
5:38 PM • Jun 20, 2023
Binance launches regulated platform in Kazakhstan amid troubles in the West`:
#Binance launches a regulated platform in Kazakhstan.
This local platform will be authorized to offer exchange and conversion services, deposit and withdrawal of fiat currencies, custody of crypto assets, and exchange trading.
— Binance (@binance)
12:39 PM • Jun 21, 2023
Starknet Foundation appoints former Facebook director as CEO:
Starknet Foundation appoints former Facebook director as CEO theblock.co/post/235818/st…
— The Block (@TheBlock__)
1:33 PM • Jun 21, 2023
Coinbase, SEC deliver back-to-back speeches:
NEWS: Coinbase and the SEC compete in the court of public opinion ahead of potential trial
— Blockworks (@Blockworks_)
6:03 PM • Jun 20, 2023
Australian Payment Provider Cuscal Imposes New Restrictions on Crypto; Industry Body Criticizes Move:
Payments provider @Cuscal, through its partner Zepto, has brought new restrictions on Australian cryptocurrency exchanges, a move that's been criticized by @BlockchainAUS.
By @amitoj— CoinDesk (@CoinDesk)
1:20 PM • Jun 20, 2023
Bitcoin adoption in Mexico boosted by Lightning partnership with retail giant:
When can you live full-time on crypto in Mexico? A lot sooner than you might think, says the CEO of Ibex Mercado.
— Cointelegraph (@Cointelegraph)
1:38 PM • Jun 21, 2023
Five US enforcement agencies form new digital currency anti-crime task force:
U.S. law enforcement agencies team up to fight crypto-powered crime.
— Cointelegraph (@Cointelegraph)
9:28 PM • Jun 20, 2023
Nifty News: Queen, HSBC filings hint at NFTs, Yuga teases robot game:
British band @QueenWillRock and banking giant @HSBC_UK have set sights on the metaverse and @yugalabs teases its new game, to mild criticism. Meanwhile, @SlimJim invites jerky fans to its new “meataverse.”
— Cointelegraph (@Cointelegraph)
2:11 AM • Jun 21, 2023
Czech automobile conglomerate Škoda Auto launches NFT platform:
One of the oldest car manufacturers in Europe has launched an NFT platform in India.
— Cointelegraph (@Cointelegraph)
7:09 PM • Jun 20, 2023
US lawmakers introduce National AI Commission Act:
Bipartisan US lawmakers introduce National AI Commission Act, focusing on regulation and public involvement in AI development.
— Cointelegraph (@Cointelegraph)
7:09 AM • Jun 21, 2023
JPOW on stablecoins:
JUST IN: 🇺🇸 FED Chair Jerome Powell says "we see stablecoins as a form of money."
— Watcher.Guru (@WatcherGuru)
2:45 PM • Jun 21, 2023
A summary of JPow’s speech today:
BREAKING: Fed Chair Powell reaffirms that more rate hikes are likely as inflation remains “well above” where it should be.
Odds of a 25 basis point rate hike in July just hit 80%.
There’s now a 15% chance of 2 more rate hikes by September.
The Fed is not backing down.
— The Kobeissi Letter (@KobeissiLetter)
12:39 PM • Jun 21, 2023
MakerDAO purchases $700 million in Treasury bonds, grows holdings to $1.2 billion:
MakerDAO purchases $700 million in Treasury bonds, grows holdings to $1.2 billion theblock.co/post/235837/ma…
— The Block (@TheBlock__)
3:00 PM • Jun 21, 2023
$BVIV hits 3 month high:
$BVIV just hit 60, a 3-month high, driven by the BlackRock ETF news getting priced in
$BVIV is currently ~6 vol points greater than $EVIV
charts.volmex.finance
— σ volmex.finance (@volmexfinance)
3:01 PM • Jun 21, 2023
CEX Market Statistics
Liquidation Heatmap - $190.26M worth of liquidations in the last 24 hours:
Open Interest:
Cumulative Long:Short in the market:
Good Reads:
Why Bitcoin’s dominance in crypto is a sign of wider adoption:
Holders are putting their Bitcoin into wallets and keeping it there. Such 'illiquid supply' reached a record 15.2 million Bitcoin this week
— Trista Kelley (@trista_kelley)
11:07 AM • Jun 21, 2023
Decentralization is a zero-sum game:
Our CEO, @dleonard00, has written an article on @Blockworks_, explaining the complexities and misconceptions around decentralization in the world of Web3.
Read the full article here:
— Hifi Finance (@HifiFinance)
4:26 PM • Jun 20, 2023
Uni v4:
Uni v4 is not just an evolution of Uniswap.
It’s a shift in the very nature of AMMs.
We anticipated 2 years ago with @SwaapFinance and call it “The Split”
Let me explain why it's super important 👇 (1/14)
— Cyrille - Swaap (@CyrillePastour)
11:59 AM • Jun 21, 2023
What Can You Do With a Blockchain Token That Is Classified as a Security?
What Can You Do With a Blockchain Token That Is Classified as a Security? via @CoinDesk
— KriptoKeto.Eth 🍌 (@rbj18)
8:47 PM • Jun 20, 2023
Arbitrage Guide:
🔥🚀 ULTIMATE ARBITRAGE GUIDE! 💰💎
Crypto arbitrage is the fast lane to making huge profits! 💸
I spent months working on arbitrage and coding smart contracts. 📘
Here are 4 arbitrage strategies (simple and complex) you can use to make earnings. 💰
🧵
— The Smart Ape 🔥 (@the_smart_ape)
2:37 PM • Jun 18, 2023
Summary of Binance’s LSDFi Research:
Summary of Binance's LSDfi report
1️⃣ What is LSDfi
2️⃣ State of LSDfi
3️⃣ LSDfi Ecosystem
4️⃣ Growth of LSDfi
5️⃣ Tailwinds for LSDfi
6️⃣ Risks of LSDfiBrought to you by @PROBLYNTH
🧵
— cookies 🍪 (@jinglingcookies)
3:00 PM • Jun 19, 2023
Cross L2 reading:
Deeper dive on L2->L1 and cross-L2 reading. Much more technical than the previous post, but gets into some ideas on how it could be implemented.
There's a lot of value in identifying better strategies for L1 <-> L2 interactions and standardizing them.
https://t
— vitalik.eth (@VitalikButerin)
2:59 PM • Jun 20, 2023
Rescuing funds from a bricked safe with EIP-1271:
How we rescued funds from a bricked Safe with EIP-1271
— banteg (@bantg)
9:59 PM • Jun 16, 2023
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