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- #22 Macro Markets - 29th June, 2023
#22 Macro Markets - 29th June, 2023
Institutional Money Flow, Top Movers, Narratives, Security, Regulations and everything about the crypto Economy.
Welcome to the twenty-second issue of the Macro Markets. Let’s see overall market sentiment.
Price Action:
Crypto Markets increased by 0.78% taking the overall tracked market capitalization to $1.22T:
The global #crypto market cap today is $1.22T, a 0.78% change in the last 24h.
Total trading volume in the last 24h is at $41.2B.
#BTC dominance is at 48.70% and #ETH - 18.36%.29.06.2023 11:21:50 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
11:24 AM • Jun 29, 2023
Top Gainers (24 hours):
⚡️TOP GAINERS OF THE DAY!
29 June 2023
$FTT #FTX $SRM $EUL $RLB $RAY $ABT $MDT $GRAIL $SQUAD $HNT— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep)
8:27 AM • Jun 29, 2023
Bitcoin Fear & Greed Index:
Bitcoin Fear and Greed Index is 54 ~ Neutral
Current price: $30,652— Bitcoin Fear and Greed Index (@BitcoinFear)
11:30 AM • Jun 29, 2023
Crypto Volatility Index stands at 48.8:
Commodity Insights (Oil):
Japan calls on Australia to exempt #Barossa#gas project from Safeguard Mechanism | okt.to/DZENKj
*Japan asks whether ACCU supply will be sufficient when demand, price soar
*Seeks clarity over CCS legal framework involving East Timor for Barossa— S&P Global Commodity Insights LNG (@SPGCILNG)
2:03 PM • Jun 29, 2023
Major events in the centralized crypto world.
Slovakian Crypto Tax-Cutting Bill Passes National Parliament:
Slovakian lawmakers have voted for a bill intended to slash crypto taxes and favor investment.
@jackschickler reports
— CoinDesk (@CoinDesk)
12:21 PM • Jun 29, 2023
Hong Kong rating agency HKVAC announces virtual asset index:
Hong Kong rating agency HKVAC announced its virtual asset index, in addition to BTC ETH stablecoins, including WBTC, BTCB, stETH, BCH, LTC, BNB, MATIC, ADA, ATOM, FIL, NEAR, ALGO, ICP, XRP, DOGE, DOT, WTRX, SHIB, TRX, LINK, LEO, XMR, XLM, OKB, LDO, HBAR, VET, QNT, FTM, EOS.… twitter.com/i/web/status/1…
— Wu Blockchain (@WuBlockchain)
9:19 AM • Jun 27, 2023
Former NYSE Broker to Pay $54M to Settle CFTC Crypto Fraud Charges:
Ex-NYSE broker Michael Ackerman has been ordered by a U.S. federal court to pay over $50 million to settle @CFTC charges of running a fraudulent crypto trading scheme. By @iamsandali
— CoinDesk (@CoinDesk)
3:27 PM • Jun 28, 2023
PayPal veterans launch SWIFT-like cross-border payments network on Sui:
PayPal veterans launch SWIFT-like cross-border payments network on Sui theblock.co/post/236720/pa…
— The Block (@TheBlock__)
1:01 PM • Jun 29, 2023
Compound Founder Forms 'Superstate' to Create Bond Fund With Ethereum for Record-Keeping:
The new @rleshner company’s bond fund would rely on a Wall Street transfer agent for keeping track of holders but use Ethereum as a secondary record-keeping source. $ETH
@Liqquidity reports
— CoinDesk (@CoinDesk)
8:57 PM • Jun 28, 2023
Sam Altman's Worldcoin Integrates With Identity Management Software Okta as It Pushes Into Germany:
Thanks, @CoinDesk, for highlighting the Orb, created by TFH, and its availability in Germany!
coindesk.com/tech/2023/06/2…— Tools For Humanity (@tfh_technology)
10:16 AM • Jun 29, 2023
Mastercard Is Piloting Tokenized Bank Deposits in New UK Testbed:
JUST IN: Global payments network @Mastercard is piloting tokenized bank deposit applications with its new Multi-Token Network (MTN) testing ground.
@IanAllison123 reports
trib.al/M2i6gJk— CoinDesk (@CoinDesk)
5:02 PM • Jun 28, 2023
Coinbase asks court to toss SEC suit, says tokens are not investment contracts:
.@coinbase says the tokens it offers are simply an asset, not an investment contract.
This theory hasn't really been tested in court afaik, so who knows if it will succeed.
Here's a summary with links to the legal docs
— Jeff Roberts (@jeffjohnroberts)
5:01 AM • Jun 29, 2023
Ex-FTX Compliance Officer Sued for Allegedly Paying Off Would-Be Whistleblowers:
Lawyers for FTX are suing the company's former compliance officer for allegedly paying off would-be whistleblowers who threatened to expose the misappropriation of user funds.
By @LizKNapolitano— CoinDesk (@CoinDesk)
8:57 PM • Jun 28, 2023
ECB to Start Wholesale CBDC Settlement Trials in 2024:
European Union's @ecb could be exploring wholesale CBDC settlement as soon as 2024, as it probes the benefits of distributed ledger technology in financial markets.
@jackschickler reports.
— CoinDesk (@CoinDesk)
9:06 AM • Jun 29, 2023
Passage of HB721:
📢 Another #Bipartisan Victory in NC w/ passage of HB721 | #Bitcoin/#DigitalAssets/Custody Study Bill
-Passed 75-38
-GOP + Dems 🤝 Came Together
-Directs/Funds @NCTreasurer to Study Benefits of #BTC + #Custody
-Led by @NC_Blockchain + @SoundMoneyDef📎ncleg.gov/BillLookUp/202…
— Dan Spuller (@DanSpuller)
7:24 PM • Jun 28, 2023
Tether’s history with China goes far beyond commercial paper:
Tether’s history with China goes far beyond commercial paper
— Protos (@Protos)
5:31 PM • Jun 28, 2023
CFTC technology advisory board to discuss DeFi, DAOs and more at July meeting:
CFTC technology advisory board to discuss DeFi, DAOs and more at July meeting theblock.co/post/236988/cf…
— The Block (@TheBlock__)
6:00 PM • Jun 28, 2023
ARK Amends Spot Bitcoin ETF Filing to Include Surveillance Sharing, Similar to BlackRock:
Cathie Woods’ @ARKInvest has amended its filing with the @SECGov for a spot bitcoin ETF to include a surveillance-sharing agreement, similar to that of @BlackRock.
By @JamieCrawleyCD— CoinDesk (@CoinDesk)
3:47 PM • Jun 28, 2023
Binance's Euro Banking Partner to Halt Support of the Crypto Exchange in September:
Binance's current EUR fiat deposit partner, Paysafe, will no longer provide services to the exchange after September 25th
— Leviathan News (@leviathan_news)
1:49 PM • Jun 29, 2023
Crypto’s Most Powerful Woman Speaks Out as Crisis Rocks Binance:
Binance's Yi He is one of the most powerful women in crypto, though not known to many.
Here's what she has to say as her firm and co-founder Changpeng "CZ" Zhao come under sustained regulatory pressure
— Bloomberg Crypto (@crypto)
6:10 AM • Jun 29, 2023
Popular Standard for Issuing Tokenized Securities Gets Makeover:
New tokenization standard: @RepublicCrypto and Upside have put together an enhanced version of the ERC-1404 standard for issuing regulatorily compliant tokenized assets on Ethereum $ETH @realDannyNelson reports
— CoinDesk (@CoinDesk)
7:31 PM • Jun 28, 2023
3rd biggest CME $BTC futures week:
Third biggest CME bitcoin futures week ever🏦
The BlackRock announcement, in combination with the launch of EDX Markets and multiple ETF re-filings, contributed to revitalizing institutional activity in BTC over the past week.
Read more: k33.com/research/artic…
— K33 Research (@K33Research)
5:33 PM • Jun 28, 2023
Staked cap breakdown by LSTs:
Staked cap breakdown by LSTs
— Kate Young Ju (@kate_young_ju)
12:04 AM • Jun 29, 2023
FTX sues Daniel Friedberg on 11 counts, wants his salary and stake:
FTX sues Daniel Friedberg on 11 counts, wants his salary and stake protos.com/ftx-sues-danie…
— Protos (@Protos)
11:39 AM • Jun 29, 2023
Binance Crypto Custody License Application Denied by German Regulator BaFin: Report:
Binance Application Denied by German Regulator.
You know it’s bad when even BaFin tells you to GTFOH.
— Bitfinex’ed 🔥🐧 Κασσάνδρα 🏺 (@Bitfinexed)
12:28 PM • Jun 29, 2023
Slovakia to reduce $BTC CGT to 7%:
NEW: Slovakia to reduce #bitcoin capital gains tax to 7% when held for at least 1 year - Bloomberg.
HODL 🙌
— Bitcoin Magazine (@BitcoinMagazine)
11:39 AM • Jun 29, 2023
US 2Y yield exceeds 10Y by >105 bps:
THE US 2-YEAR YIELD EXCEEDS THE 10-YEAR BY MORE THAN 105 BASIS POINTS. 🚨
More inversion....Unlikely this comes without consequenses, but the risk-off scenario comes into play when it steepen / "Un-inverts". More on that down the road.
Risk-on remains intact!
$MACRO $SPY
— BACH (@MortensenBach)
12:55 PM • Jun 29, 2023
CEX Market Statistics
Liquidation Heatmap - $99.54M worth of liquidations in the last 24 hours:
Open Interest:
Cumulative Long:Short in the market:
Good Reads:
Stablecoin Landscape:
There has been a rise of popularity of decentralized stablecoins amid the recent Tether and USDC scares.
🏝️ What's going on in stablecoin land?
🏆 Who are the top players?
🛣️ Where are things headed?Let's explore the stablecoin landscape. 👇
— Overcollateralized Jonny (@OvrCldJonny)
12:00 PM • Jun 27, 2023
Weekly Market Recap:
(1/13)
Weekly Market Recap with @comma3vc
Check out Comma3 Opinions 🧵 👇— IvAn🤪 l 6/28-7/2 Kyoto 🇯🇵 (@Ivantok4)
1:53 AM • Jun 27, 2023
On Chainflip:
The future of crypto is omnichain 🌈
@Chainflip is set to dominate the space with its cross-chain swapping protocol and revolutionizing Just in Time AMM ⏳
Megathread 🧵👇
— Finish 🏁 (@0xFinish)
11:20 AM • Jun 22, 2023
Analysis on MicroStrategy, Bitcoin, Debt Offerings:
*Analysis*
— jay (@0xjaypeg)
5:32 AM • Jun 29, 2023
In-depth $SOL coverage:
1/ @solana is the most contentious topic in all of crypto
some like, many hate
took a stab at reframing the narrative so that the many may reconsider
high level overview of 30 pages on sol below - including a direct comparison btwn sol & eth + intro valuation stuff for sol http
— kel 🚧 (@kelxyz_)
4:10 PM • Jun 27, 2023
CurveFinance x CBDC x BIS:
BREAKING: @CurveFinance’s potential of breaking into CBDC!?
Bank of International Settlement, Swiss National Bank, Bank of France and Monetary Authority of Singapore are exploring the use of Curve v2 AMM for CBDC pools for simultaneous trading and settlement!!
.— DeFi Cheetah 🐆 ¤🫐🦇🔊🌿 (@DeFi_Cheetah)
1:49 PM • Jun 28, 2023
Locked Liquidity:
When the bull market returns, scammers will ramp up their efforts to lure you into their traps.
Don't let it happen. Look for pools with locked liquidity.
🧵 1/9
— Stacy Muur (@stacy_muur)
1:32 PM • Jun 29, 2023
Being secure on-chain:
Harsh truth you need to hear:
⚠️Your 10-100x investment is useless if you get hacked!
That's why you need to level up your Web3 security daily.🔐
Here are the top 10 tools I use to be secure in the on-chain world🧵
Protect your hard-earned money:👇
— Crypto Gideon🦇🔊 (@CryptoGideon_)
3:00 PM • Jun 29, 2023
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