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- #20 Macro Markets - 27th June, 2023
#20 Macro Markets - 27th June, 2023
Institutional Money Flow, Top Movers, Narratives, Security, Regulations and everything about the crypto Economy.
Welcome to the twentieth issue of the Macro Markets. Let’s see overall market sentiment.
Price Action:
Crypto Markets decreased by 0.14% taking the overall tracked market capitalization to $1.22T:
The global #crypto market cap today is $1.22T, a -0.14% change in the last 24h.
Total trading volume in the last 24h is at $39.6B.
#BTC dominance is at 48.25% and #ETH - 18.44%.27.06.2023 10:01:27 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
10:03 AM • Jun 27, 2023
Crypto Today:
Top Gainers (24 hours):
⚡️TOP GAINERS OF THE DAY!
27 June 2023
$NCT $ACA $BLUR $LINK $CSIX $BCH $ASTRA $FTT $LBR $SDAO— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep)
9:01 AM • Jun 27, 2023
Bitcoin Fear & Greed Index:
Bitcoin Fear and Greed Index is 59 ~ Greed
Current price: $30,553— Bitcoin Fear and Greed Index (@BitcoinFear)
11:30 AM • Jun 27, 2023
Crypto Volatility Index stands at 51.66:
Commodity Insights (Oil):
#chartstowatch in this week's Commodity Tracker: okt.to/zyCgFT
☀ Solar capture prices
🔥 Texas gas burn
🛢Oil trade flows, sanctions, pricing#oott#renewables#energy
— Commodity Insights Oil (@SPGCIOil)
11:44 AM • Jun 27, 2023
Major events in the centralized crypto world.
Fidelity preparing to file for spot $BTC ETF:
JUST IN: $4.5 trillion Fidelity preparing to file for spot #Bitcoin ETF - The Block
— Bitcoin Magazine (@BitcoinMagazine)
2:05 PM • Jun 27, 2023
Ordinals-like tokens on Ethereum surge past $1 million in volume:
Ordinals-like tokens on Ethereum surge past $1 million in volume theblock.co/post/236632/or…
— The Block (@TheBlock__)
1:05 PM • Jun 27, 2023
The history of crypto exchanges trading against their own customers:
The history of crypto exchanges trading against their own customers
— Protos (@Protos)
11:00 AM • Jun 27, 2023
Coinflex partially repays debt to SmartBCH as bitcoin cash rises over 110%:
Coinflex partially repays debt to SmartBCH as bitcoin cash rises over 110% theblock.co/post/236642/co…
— The Block (@TheBlock__)
1:18 PM • Jun 27, 2023
EU reaches deal on capital requirements for banks holding crypto:
EU reaches deal on capital requirements for banks holding crypto theblock.co/post/236624/eu…
— The Block (@TheBlock__)
12:51 PM • Jun 27, 2023
Grayscale's estimated revenues for ETHE and GBTC hit highest level since May 2022:
Grayscale's estimated revenues for ETHE and GBTC hit highest level since May 2022 theblock.co/post/236603/gr…
— The Block (@TheBlock__)
10:09 AM • Jun 27, 2023
Chibi rugs, defi_mochi endorsed it:
For reference these is the thread that was sponsored by chibi
— Defi_Mochi (mochi, mochi 🍡) (@defi_mochi)
9:03 AM • Jun 27, 2023
Binance withdraws license application in Austria: FinanceFWD:
Binance withdraws license application in Austria: FinanceFWD theblock.co/post/236405/bi…
— The Block (@TheBlock__)
3:42 PM • Jun 26, 2023
'Not just an experiment': Swiss central bank to carry out CBDC pilot:
'Not just an experiment': Swiss central bank to carry out CBDC pilot
theblock.co/post/236470/no…
— The Block (@TheBlock__)
5:21 PM • Jun 26, 2023
Eric Wall’s unique consulting NFT is relinquished amidst 300% tax burden:
1/ Some time ago @ercwl (Eric Wall) created 'Eric's Orb,' a 1/1 NFT that grants access to personal consulting services, effectively tokenizing Wall’s time and expertise. (🧵)
theblock.co/post/236422/er…
— Vishal Chawla 🛸 (@vishal4c)
8:09 AM • Jun 27, 2023
DeFi tokens gaining momentum, outperforming other sectors since BlackRock ETF announcement:
#DeFi tokens are gaining momentum, outperforming other crypto sectors since the BlackRock ETF announcement.
— Kaiko (@KaikoData)
9:55 AM • Jun 27, 2023
FTX Debtors release their second investigative Report:
FTX Debtors released their second investigative report, which details the commingling and misuse of customer deposits at FTX.com by FTX Group’s previous management team: prnewswire.com/news-releases/…
— FTX (@FTX_Official)
4:39 PM • Jun 26, 2023
Rep. Waters wants Treasury, SEC input on Republican crypto bill:
NEWS: Maxine Waters is giving the SEC and Treasury one week to weigh in on the Republican crypto bill
— Blockworks (@Blockworks_)
7:36 PM • Jun 26, 2023
$crvUSD Monetary Policy:
June 26, 2023: $crvUSD Monetary Policy 🧮📈
The rates are too high! Can't Powell do something?
Not much. The $crvUSD borrow rate is governed by math and onchain inputs, so Fed Chair Jerome Powell would have limited tools at his disposal.
Here's how it works...
🧵1/13👇
— curvecap.lens 🛡️ (@CurveCap)
4:52 PM • Jun 26, 2023
Latest FTX bankruptcy report provides lurid details into alleged fraud:
ICYMI: Latest FTX bankruptcy report provides lurid details into alleged fraud
theblock.co/post/236507/la…— The Block (@TheBlock__)
2:03 AM • Jun 27, 2023
DAO raiders accuse Hector Network of ‘slow-rugging’ investors as treasury dwindles:
Activist investors in #DeFi??? Oh yeah... here they come.
#DAO governance has become a critical issue and no battle demonstrates the acrimony coursing through the space better than Hector Network...
Ace reporting from @OsatoNomayo for @DLNewsInfo
— Eddie Robinson (@EddieRob235)
9:22 AM • Jun 27, 2023
Bitcoin has been ranging since 2018:
Bitcoin has been ranging since 2018... if you adjust for the M1 money in circulation
2018 6K level
2019 6K level
2021 30K level
2022 30K levelThey're actually all the "same" level.
The good news is that it looks like we're retaking this level, despite M1 shrinking for a year
— Murad (@MustStopMurad)
2:14 PM • Jun 26, 2023
Nomura’s crypto chief on finance ‘land grab,’ the SEC crackdown, and playing the long game:
“People are already thinking about the next steps,” Nicolas Bertrand, CEO of @KomainuCustody, told us, saying that financial giants moving into crypto is just the beginning of a huge shift.
— DL News (@DLNewsInfo)
8:00 AM • Jun 27, 2023
EU adopts new rules to increase resilience of banks and integrate Basel standards, impacting crypto banks:
EU adopts new rules to increase resilience of banks and integrate Basel standards, impacting crypto banks. leviathannews.xyz/redirect/1586
— Leviathan News (@leviathan_news)
10:15 AM • Jun 27, 2023
Here's a list of Bahamas properties SBF bought with customer funds:
is this what being a fractional NFT holder feels like
— 찌 G 跻 じ MBA, CFA, FRM, CFP, NGMI, HFSP, HENTAI 🛡️ (@DegenSpartan)
2:06 AM • Jun 27, 2023
Interesting points in the FTX report:
Yield-hunting investors send staked Ether beyond $43bn to eclipse exchanges:
Investors have been fleeing exchanges and flocking to staking protocols. Now, the amount of staked Ether just leapfrogged the amount held on exchanges including @binance and @coinbase for the first time.
— DL News (@DLNewsInfo)
6:45 PM • Jun 26, 2023
Crypto Firm Circle Eyeing Hong Kong Policies With Asia in Focus:
US-based Circle is closely watching regulatory developments in Hong Kong after new crypto rules went into effect
— Bloomberg (@business)
3:19 AM • Jun 27, 2023
SEC will ‘forego’ $30M BlockFi penalty until investors are repaid:
You have to give credit where credit is due, and every so often the SEC makes the right decision.
You may recall that they moved to the front of the line, ahead of unsecured creditors for a pay back from BlockFi.
They have righted that wrong.
twitter.com/i/web/status/1…
— The Wolf Of All Streets (@scottmelker)
11:02 AM • Jun 23, 2023
Three Arrows Liquidators Seek $1.3 Billion From Fund’s Founders:
*THREE ARROWS LIQUIDATORS SEEK $1.3 BILLION FROM FUND'S FOUNDERS
— zerohedge (@zerohedge)
2:12 PM • Jun 27, 2023
Bloomberg rates Grayscale's victory vs. SEC at 70%:
Another reason we give spot bitcoin ETF approval 50% chance is our senior legal analyst @NYCStein gives Grayscale a 70% chance of winning case against SEC, who could approve BlackRock's ETF as way to save face using trusted 'adult' TradFi cos & stick it to Grayscale via @JSe@JSeyffp
— Eric Balchunas (@EricBalchunas)
1:32 PM • Jun 27, 2023
CEX Market Statistics
Liquidation Heatmap - $88.05M worth of liquidations in the last 24 hours:
Open Interest:
Cumulative Long:Short in the market:
Good Reads:
Bitcoin Lightning Network:
Tech titan @davidmarcus and @fintechfrank unpack how Bitcoin's Lightning Network is becoming the real-time payment protocol for the internet ⚡️
Premieres at 8am ET ⏰
youtube.com/watch?v=xVDjED…— The Block (@TheBlock__)
9:03 AM • Jun 27, 2023
2 Months after the Arbitrum DAO Airdrop:
🏰 The @arbitrum DAO Airdrop: 2 Months Later 🏰
Do you remember it?
100+ DAOs.
$125+ MILLION dollars of value.
But what happened with all that money?
The Castle did some digging and here's what we have found 👇
— Castle Capital (@Castle__Cap)
4:53 PM • Jun 23, 2023
The Block and Coinbase examine web3 investment and product innovation trends across the largest U.S. companies:
The Block and Coinbase examine web3 investment and product innovation trends across the largest U.S. companies
theblock.co/post/236387/th…
— Frank Chaparro (@fintechfrank)
6:20 PM • Jun 26, 2023
Reviewing Cielo spam check:
1/👉For the last 7 days, the @CieloFinance engine has blocked 1,350,860 SPAM alerts
However, scammers always find new ways for spoof/spam txs.
Recently, new spam tx overwhelmed many top tier DAPP's including us. We quickly reacted and implemented the spam check, let’s review:
— Timur (@0xTimur)
6:28 PM • Jun 25, 2023
Crypto Hubs 2023: Where to Live Freely and Work Smart:
"Find out where the top 15 global #crypto hubs are at in 2023! Our latest blog post, Crypto Hubs 2023: Where to Live Freely and Work Smart, gives you the lowdown on the best locales for crypto enthusiasts. #Blockchain#Cryptocurrency "
— DeFI Alliance DAO (@DeFiAlliance_)
12:06 PM • Jun 27, 2023
Tier 1 airdrops:
Spend this summer earning your first $100,000 with Tier-1 airdrops.
Discover best strategies to get them ALL in one ultimate thread 🧵👇
— ardizor 🧙♂️ (@ardizor)
9:18 AM • Jun 27, 2023
Unsheth and AnkrStaking partnership to dominate LSDFi:
The new partnership between @unsheth_xyz and @ankrstaking is set to dominate the LSD space 🌈
I have compiled the list of all you need to know 👇
Ankr Staking and unshETH have entered into a partnership with the goal of enhancing the utility of $ankrETH holders and promoting… twitter.com/i/web/status/1…
— Finish 🏁 (@0xFinish)
10:29 AM • Jun 27, 2023
Alpha tools:
You will increase the capital by 1000x
8 Alpha Tools for Crypto
Explore🧵: twitter.com/i/web/status/1…
— decoco (@DecocoMT)
12:28 PM • Jun 27, 2023
Analysis into BlackRock Bitcoin ETF filing:
1/ last week's @BlackRock spot Bitcoin ETF filing was big news!
but, it's not the only story. many of the largest financial institutions in the US are actively working to provide access to Bitcoin and more.
a quick glance - $27 trillion of client assets here!
— Meltem Demirors (@Melt_Dem)
4:06 PM • Jun 26, 2023
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