#21 Macro Markets - 28th June, 2023

Institutional Money Flow, Top Movers, Narratives, Security, Regulations and everything about the crypto Economy.

Author

The Sixth Sense
June 28, 2023 

Welcome to the twenty-first issue of the Macro Markets. Let’s see overall market sentiment.

Price Action:

Crypto Markets decreased by 0.55% taking the overall tracked market capitalization to $1.21T:

Top Gainers (24 hours):

Bitcoin Fear & Greed Index:

Crypto Volatility Index stands at 49.93:

Commodity Insights (Oil):

Major events in the centralized crypto world.

Creditors seek BlockFi liquidation, accusing CEO of fraud and extortion:

FTX pausing the sale of $500M stake in AI startup Anthropic:

Revolut tells customers it's lowering crypto trading fees:

Sui Foundation denies selling staking rewards on Binance:

88% of digital currency Prime Trust holds is $AUDIO:

TUSD-3CRV pool experiences TUSD Selloff:

Crypto exchange KuCoin is introducing mandatory KYC for all users:

Sony Network Communications Invests $3.5M in Singapore Web3 Company Startale Labs:

Australia Acts on De-Banking of Crypto Entities, Supports Policy Recommendations to Tackle Issue:

TrueUSD Depegs on Binance.US, Drops to 80 Cents Against Tether:

Ledger launches custodial trading network for institutions:

UK Needs Bespoke Legal Framework for Using Crypto as Collateral: Law Commission

Spain gives Ripio greenlight to offer crypto products:

Paxos joins Mercado Libre to offer Pax Dollar stablecoin in Mexico:

TrueUSD’s Reserves Were Attested by Former FTX.US Accounting Team:

Yield Protocol declares full recovery from Euler hack, awaits user token exchange:

Riot purchases 33,000 bitcoin miners for $163 million:

Israel seizes millions in crypto from Hezbollah:

Crypto volatility, options expirations create perfect storm:

Over $204M was lost in Q2 DeFi hacks and scams:

Syscoin Developer Launches Ethereum-Compatible Layer 2 Network Secured by Bitcoin Miners:

Major AI news:

Maple Finance is pivoting to direct lending:

FTX Begins Talks on Reboot as Managers Uncover Past Misconduct:

Grayscale-backed Horizen to change blockchain to drop 'privacy coin' label:

Warner Music Group Partners With Polygon on Blockchain Music Accelerator:

Turkish traders piled into PEPE and bitcoin as lira collapsed:

Nomo Bank latest in UK to block Binance payments:

Tether Signs MOU with Government of Georgia to Develop Blockchain, Bitcoin and Peer-to-Peer Infrastructure to Foster Innovation:

Bitfinex launches peer-to-peer exchange in Argentina, Colombia and Venezuela:

Scoop: EU officials suspect Binance is faking accounts in Ireland and Malta:

Azuki Debacle:

What went wrong with the Azuki mint:

Bank Lending in Eurozone:

BIS Mariana Project uses AMM for cross-border wholesale CBDC transactions:

CEX Market Statistics

Liquidation Heatmap - $91.02M worth of liquidations in the last 24 hours:

Open Interest:

Cumulative Long:Short in the market:

Good Reads:

Global Survey on Crypto and Web3:

MEV-capturing AMMs:

ERC721x:

Blockchain privacy + stealth addresses:

AMMs vs Loss-versus-rebalancing:

Twitter Spaces host Mario Nawfal’s dubious crypto dealings:

Vitalik AMA on tauday:

Stats on Airdrops Hunters:

LSDFi:

Investigating Pendle Success:

AI and crypto are complementary assets:

Similarities between ‘22 drawdown and stock slump following WWII:

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