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- #16 Macro Markets - 22nd June, 2023
#16 Macro Markets - 22nd June, 2023
Institutional Money Flow, Top Movers, Narratives, Security, Regulations and everything about the crypto Economy.
Welcome to the sixteenth issue of the Macro Markets. Let’s see overall market sentiment.
Price Action:
Crypto Markets increased by 3.85% taking the overall tracked market capitalization to $1.22T:
The global #crypto market cap today is $1.22T, a 3.85% change in the last 24h.
Total trading volume in the last 24h is at $65.8B.
#BTC dominance is at 47.86% and #ETH - 18.78%.22.06.2023 6:40:26 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
6:42 AM • Jun 22, 2023
Crypto Today:
Top Gainers (24 hours):
⚡️TOP GAINERS OF THE DAY!
22 June 2023
$ACA $PEPE #PEPE $MNDE $CEL $WING $FLOKI #FLOKI $CETUS $FITFI $XRD $VRA— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep)
12:24 PM • Jun 22, 2023
Bitcoin Fear & Greed Index:
Bitcoin Fear and Greed Index is 65 — Greed
Current price: $30,037— Bitcoin Fear and Greed Index (@BitcoinFear)
11:30 AM • Jun 22, 2023
Crypto Volatility Index stands at 54.78:
Daily On-Chain Exchange Flow:
📊 Daily On-Chain Exchange Flow
#Bitcoin $BTC
➡️ $2.0B in
⬅️ $2.1B out
📉 Net flow: -$139.3M#Ethereum $ETH
➡️ $745.9M in
⬅️ $877.7M out
📉 Net flow: -$131.8M#Tether (ERC20) $USDT
➡️ $957.4M in
⬅️ $782.9M out
📈 Net flow: +$174.6Mglassno.de/netflow
— glassnode alerts (@glassnodealerts)
5:00 AM • Jun 22, 2023
Commodity Insights (Oil):
#China's lagging industrial activity leads to higher #gasoline, #gasoil exports in May| #OOTT
📰: okt.to/u7cnBg🔹Tepid industrial activity leads to some build up in gasoil stocks
🔹Gasoil exports to #Europe resume in May, rare gasoline cargo sold to South Korea— Commodity Insights Oil (@SPGCIOil)
11:53 AM • Jun 22, 2023
Major events in the centralized crypto world.
CBDCs are ‘1984 on steroids’ critics warn as supporters say Britcoin will save the economy:
'In the US in particular, there have been many arguments that we don’t need a CBDC, the private sector can fill this role'
— DL News (@DLNewsInfo)
5:44 PM • Jun 21, 2023
Crypto exchanges should phase out internal market makers, says BitMEX boss:
Crypto exchanges should phase out internal market makers, says BitMEX boss theblock.co/post/235881/cr…
— The Block (@TheBlock__)
7:56 AM • Jun 22, 2023
Web3 game Gods Unchained joins Fortnite, League of Legends on Epic Games Store:
ICYMI: Web3 game Gods Unchained joins Fortnite, League of Legends on Epic Games Store
theblock.co/post/235894/we…— The Block (@TheBlock__)
7:02 AM • Jun 22, 2023
Ripple secures Singapore Major Payments Institution License:
Ripple secures Singapore Major Payments Institution License theblock.co/post/235924/ri…
— The Block (@TheBlock__)
2:00 AM • Jun 22, 2023
Crédit Agricole's CACEIS secures crypto custody registration in France:
Crédit Agricole's CACEIS secures crypto custody registration in France theblock.co/post/235943/cr…
— The Block (@TheBlock__)
10:09 AM • Jun 22, 2023
Fidelity-backed VC firm Eight Roads hires former Coinbase Japan CEO as partner:
Fidelity-backed VC firm Eight Roads hires former Coinbase Japan CEO as partner theblock.co/post/235942/fi…
— The Block (@TheBlock__)
10:23 AM • Jun 22, 2023
Foundation claims to fix 'self-destruct' feature that could have wiped out its NFTs:
Foundation claims to fix 'self-destruct' feature that could have wiped out its NFTs
theblock.co/post/235953/fo…
— The Block (@TheBlock__)
11:29 AM • Jun 22, 2023
U.S. House committee to vote on crypto, stablecoin legislation in July:
U.S. House committee to vote on crypto, stablecoin legislation in July theblock.co/post/235852/u-…
— The Block (@TheBlock__)
2:41 PM • Jun 21, 2023
Bill Huizenga on SEC oversight:
Bill Huizenga kicks off today’s hearing about oversight of the SEC by critiquing @GaryGensler for being unresponsive to lawmakers.
"Under chair Gensler the SEC is unresponsiveness to committee's requests has been extremely slow and limited in comparison to that of previous… twitter.com/i/web/status/1…— DL News (@DLNewsInfo)
1:07 PM • Jun 22, 2023
Jerome Powell says crypto has ‘staying power,’:
In today's Snapshot: US Federal Reserve Chair Jerome Powell calls for federal oversight of stablecoins, Valkyrie hops on the spot Bitcoin ETF bandwagon, and more!
— DL News (@DLNewsInfo)
7:37 AM • Jun 22, 2023
Payments startup dtcpay closes $16.5 million round led by Pontiac Land chair:
Payments startup dtcpay closes $16.5 million round led by Pontiac Land chair theblock.co/post/235786/pa…
— The Block (@TheBlock__)
10:14 AM • Jun 21, 2023
Do Kwon’s new home: an overcrowded Balkan prison with mafia suspects and little hope:
Turns out jail is “that bad” -- Inside the Balkan jail where Do Kwon is serving his sentence while the US and South Korea battle over his extradition
— DL News (@DLNewsInfo)
11:26 AM • Jun 22, 2023
Mastercard Focuses Its ‘Engage’ Program on Crypto:
.@Mastercard has expanded its Engage partner-finding network to bring new crypto card programs to market and create crypto-to-fiat conversion capabilities. @IanAllison123 reports.
— CoinDesk (@CoinDesk)
11:02 AM • Jun 22, 2023
Bitcoin Miners Went Dark as Texas Power Grid Teetered on Brink:
Bitcoin miners in Texas curbed operations as a heat wave drove electrcity prices sky-high Tuesday
— Bloomberg (@business)
9:35 PM • Jun 21, 2023
Reviewing the Tether Documents:
TETHERS "AUDITOR" HAS A TIME MACHINE!
They can't even get the dates right in their attestation, I'm sure they did a bang up job on reviewing Tethers 'documents'.
— Bitfinex’ed 🔥🐧 Κασσάνδρα 🏺 (@Bitfinexed)
2:21 PM • Feb 9, 2023
Bitcoin, Ether Fall Outside Howey Test Criteria:
The Howey Test's seeming inapplicability is what may ultimately provide confidence for newer investors and leave the SEC focusing on a shrinking piece of the pie. ALSO: Investors may want to track crypto liquidity.
@dlawant, @GWilliamsJr_CMT write
— CoinDesk (@CoinDesk)
6:43 PM • Jun 21, 2023
Algorand Cuts Block Time After New Upgrade:
.@Algorand has significantly cut block time on the network via an upgrade in an effort to make app development faster and more cost-efficient. @httpsageyd reports.
— CoinDesk (@CoinDesk)
1:01 PM • Jun 22, 2023
Crypto Friendly Xapo Bank Expands to India, Rest of South Asia:
Gibraltar-based crypto friendly @xapoprivatebank is expanding across India and the rest of South Asia to grow cryptocurrency services in the region. By @JamieCrawleyCD.
— CoinDesk (@CoinDesk)
12:40 PM • Jun 22, 2023
Digital Pound Should Be Interoperable with Crypto, U.K. Lobbyists Say:
Responses to @hmtreasury and @bankofengland plans for a digital pound are coming in. Some U.K. stakeholders want the CBDC to be interoperable with crypto while others are calling for tougher caps on individual holdings.
@camomileshumba reports
— CoinDesk (@CoinDesk)
12:09 PM • Jun 22, 2023
Brooklyn bitcoin spa leaves crypto watchers hot and bothered:
🥵 Brooklyn bitcoin spa leaves crypto watchers hot and bothered
— Protos (@Protos)
5:05 PM • Jun 21, 2023
Circle Restarts U.S. Treasury Purchases in BlackRock-Managed USDC Reserve Fund:
Stablecoin issuer @circle has started buying U.S. Treasury bills with its @BlackRock-managed USDC reserve fund after ditching all holdings for overnight repos in the U.S. debt ceiling standoff.
@sndr_krisztian reports
— CoinDesk (@CoinDesk)
6:14 PM • Jun 21, 2023
Puma, Gutter Cat Gang and LaMelo Ball Team Up to Release NFT Sneakers:
LaMelo Ball, @PUMA and @GutterCatGang have teamed up to release an NFT sneaker collection “GutterMelo MB.03,” which will be available to mint on OpenSea on June 29 and are paired with a real-life pair of kicks.
@camgthompson reports:
— CoinDesk (@CoinDesk)
9:54 PM • Jun 21, 2023
More than 50% of Fortune 100 companies report blockchain initiatives, Coinbase finds:
More than 50% of Fortune 100 companies report blockchain initiatives, Coinbase finds theblock.co/post/235977/mo…
— The Block (@TheBlock__)
1:07 PM • Jun 22, 2023
Bankrupt Hedge Fund 3AC's Return as a VC Stirring Up Crypto Community:
Bankrupt hedge fund 3AC's return as a venture capital to partner with @OPNX_Official stirred up the crypto community. @BrandyBetz reports
— CoinDesk (@CoinDesk)
7:04 PM • Jun 21, 2023
Central Bank Interest Rates:
INTEREST RATES ⚠️
Current rates vs most recent action from central banks vs current CPI:
🇺🇲 USA 5.25% (paused) CPI 4%
🇬🇧 UK 5% (+0.5%) CPI 8.7%
🇪🇺 Eurozone 4% (+0.25%) HICP 6.1%
🇨🇦 Canada 4.75% (+0.25%) CPI 4.4%
🇦🇺 Australia 4.1% (+0.25%) CPI 7%
🇨🇳 China 3.55% (LPR) (-0.1%)… twitter.com/i/web/status/1…— Macro Dose (@macro_dose)
12:18 PM • Jun 22, 2023
CEX Market Statistics
Liquidation Heatmap - $225.13M worth of liquidations in the last 24 hours:
Open Interest:
Cumulative Long:Short in the market:
Good Reads:
A Straightforward Explanation for Why Financial Giants Want to Issue a Spot Bitcoin ETF:
OPINION: It doesn’t take a massive leap of faith to believe that there is some client demand for “crypto exposure” and so @BlackRock sees a spot #Bitcoin ETF as the path of least resistance in offering that exposure to its clients, writes @gckaloudis.
— CoinDesk (@CoinDesk)
9:00 PM • Jun 21, 2023
Deep-dive into Atomic vs CeFi-DeFi arbitrage:
1/ Atomicity is less important than liquidity in many situations!
Presenting a deep-dive into Atomic vs CeFi-DeFi arbitrage.
In collaboration with @0xShitTrader of @ellipsis_labs, @Alextoberoff & @0xs@0xsurajs@jum@jump_tp
— Ankit Chiplunkar (@ankitchiplunkar)
5:21 PM • Jun 21, 2023
Gary Gensler is utterly unimportant:
OPINION: Can we talk about literally anything else?
— Blockworks (@Blockworks_)
5:16 PM • Jun 21, 2023
Crypto shows we shouldn’t venerate ‘innovation’ for its own sake:
Crypto shows we shouldn’t venerate ‘innovation’ for its own sake | opinion
— Financial Times (@FinancialTimes)
4:03 AM • Jun 22, 2023
Deep-Dive into opBNB:
Our dev team has written a deep-dive into opBNB's affordability and scalability. Read ahead for all the fascinating details 🤓
We'd like to thank OP Stack and @optimismFND for their important work, without which opBNB wouldn't be possible.
— BNB Chain (@BNBCHAIN)
5:00 PM • Jun 21, 2023
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