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- #3 Macro Markets - 8th June, 2023
#3 Macro Markets - 8th June, 2023
Institutional Money Flow, Top Movers, Narratives, Security, Regulations and everything about the crypto Economy.
Welcome to the third issue of the Macro Markets. Let’s see overall market sentiment in light of an aggressive SEC, charging Binance and Coinbase, among other macro movements.
Price Action:
Crypto Markets declined by ~1.63% taking the overall tracked market capitalization to $1.15T:
The global #crypto market cap today is $1.15T, a -1.63% change in the last 24h.
Total trading volume in the last 24h is at $51.6B.
#BTC dominance is at 44.71% and #ETH - 19.36%.07.06.2023 19:18:03 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
7:20 PM • Jun 7, 2023
Bitcoin Today:
It's a 🔴 #crypto moment ⬇️
— CoinMarketCap (@CoinMarketCap)
4:41 AM • Jun 8, 2023
Top Gainers (24 Hrs):
⚡️TOP #GAINERS OF THE DAY!
7 June 2023
$COMBO $VAI $ALPHA $LPT $MTL $STX $SIDUS $NAKA #NAKA $LUNC $PEPE— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep)
1:31 PM • Jun 7, 2023
Bitcoin Fear & Greed Index:
Bitcoin Fear and Greed Index is 50 — Neutral
Current price: $26,347— Bitcoin Fear and Greed Index (@BitcoinFear)
12:00 AM • Jun 8, 2023
Crypto Volatility:
The Crypto Volatility Index is at 43.22 📊
The CVI ranges between 0-200
0-85 ≈ Low volatility
85-105 ≈ Medium volatility
105-200 ≈ High volatility
Trade #volatility ($CVI):
Platform 👉🏻 cvi.finance
Sushiswap 👉🏻 sushi.com/swap?token0=0x…@official_CVI
$CVI $GOVI— CVI Daily (@CVIdaily)
7:23 AM • Jun 6, 2023
ETHBTC:
ETHBTC continues UpOnly regardless of market environment. Quite interesting that ETH is competing to become the safe haven asset in crypto and now outperforms on some risk off events.
— Hal Press (@NorthRockLP)
12:03 AM • Jun 6, 2023
Major events in the centralized crypto world.
Mass Adoption Stats:
Crypto Search Trends:
"Crypto" search trends are at the lowest point they have been since December 2020.
This also corresponds to exchange volumes which were at 32 month lows this past May.
Apathy?
— Coin Bureau (@coinbureau)
11:59 AM • Jun 4, 2023
BinanceUS delisted some securities and has halted related OTC desks:
Will Remove 10 Trading Pairs & Has Paused OTC Trading (Updated) – httppsupport.binance.us/hc/en-us/artic…
— Jordan Utt (@jordanutt1)
4:30 AM • Jun 8, 2023
Australian Bank limits payments to crypto exchanges in light of scams:
Australian bank limits payments to crypto exchanges in light of scams theblock.co/post/233713/au…
— The Block (@TheBlock__)
9:06 AM • Jun 8, 2023
Coinbase Legal Chief on SEC’s Crypto Securities Lawsuit:
Intern Notes 📝
Coinbase Legal Chief Sees a Big Hole in SEC’s Crypto Securities Lawsuit
@iampaulgrewal on @TheScoopPod with @fintechfrank
Full episode: youtube.com/watch?v=z96JbD…twitter.com/i/web/status/1…
— The Block Intern (@theblockintern)
10:05 AM • Jun 8, 2023
Soros Fund Management CEO on TradFi x DeFi:
Soros Fund Management CEO says crypto is ripe for TradFi takeover theblock.co/post/233561/so…
— The Block (@TheBlock__)
4:50 PM • Jun 7, 2023
Bittrex’s customer-repayment plan faces U.S. Gov objection:
.@BittrexExchange could become the latest crypto firm to see bankruptcy plans disrupted by the U.S. government. @jackschickler reports.
— CoinDesk (@CoinDesk)
8:23 AM • Jun 8, 2023
FCA to roll out stricter rules for crypto ads:
FCA to roll out stricter rules for crypto ads including referral bonus ban theblock.co/post/233554/fc…
— The Block (@TheBlock__)
11:02 PM • Jun 7, 2023
Binance directed $12B customer funds to companies held by CZ.
.@binance redirected $12 billion of customer funds to companies held by CEO @cz_binance, the @SECGov alleged in new court documents. By @thesamreynolds.
— CoinDesk (@CoinDesk)
6:09 AM • Jun 8, 2023
S&P 500 state-of-affairs:
The top of the market is pulling the S&P 500 index higher, without any help from the broader market. http
— Jurrien Timmer (@TimmerFidelity)
2:46 PM • Jun 7, 2023
All bear markets are temporary:
The market is down on some binance FUD. But regardless of the catalyst, risk mrkts r on edge cause of the TGA refill. By end of summer the mrkt will move past that and onto the lg amt of money printing humming along in the background. I have a few shitcoins to buy in the meantime
— Arthur Hayes (@CryptoHayes)
12:25 AM • Jun 6, 2023
Govt Spending vs Unemployment Rate:
Conflicting policies.
The government is practically undoing the Fed's attempt to curb inflation.
Throughout history, today we are experiencing the most aggressive fiscal policy given how low the unemployment rate is.
Keep in mind that military spending has not even reached… twitter.com/i/web/status/1…
— Otavio (Tavi) Costa (@TaviCosta)
12:39 AM • Jun 5, 2023
Credit Card delinquency rates approaching GFC levels:
Credit card delinquency rates are approaching 2008-09 levels
Borrowers in their 20s and 30s are having the most trouble paying off their cards
All while credit card interest rates continue to climb
— Genevieve Roch-Decter, CFA (@GRDecter)
2:11 AM • Jun 8, 2023
Japan’s Crypto Economy:
Japan's largest bank is launching a stablecoin on public Ethereum, Polygon, Avalanche, and Cosmos
— Ryan Berckmans ryanb.eth🦇🔊 (@ryanberckmans)
10:44 AM • Jun 2, 2023
The SEC named these 19 tokens as securities + their implications:
The SEC has named these 19 tokens as securities throughout the Binance + Coinbase filings.
This could have massive implications for these tokens, and the industry as a whole.
Some quick thoughts.👇 (1/9)
— Miles Deutscher (@milesdeutscher)
3:12 AM • Jun 8, 2023
AI x US Gov:
AI goes Deep State
Microsoft Is Bringing OpenAI’s GPT-4 AI model to US Government Agencies
bloomberg.com/news/articles/…
— zerohedge (@zerohedge)
1:17 PM • Jun 7, 2023
StableCoins and the SEC:
USDC, issued by Circle, was deliberately adopted as DeFi's foundational currency.
Circle has full unilateral control over all USDC. (Your keys but not your coins.)
Now, Circle is begging to be regulated.
How exactly do you think this story ends?
twitter.com/i/web/status/1…
— Chris Blec (@ChrisBlec)
7:00 PM • Jun 7, 2023
Turkish Lira hits all-time low:
Turkish🇹🇷 Lira Hits All-Time Low. TRY #BTC
— Michael Saylor⚡️ (@saylor)
7:48 AM • Jun 8, 2023
TradFi for Mass Adoption in thriving Indian economy:
JPMorgan has tied up with six Indian banks to introduce a blockchain-based platform to settle interbank dollar transactions in the nation’s newest international financial hub
— Bloomberg (@business)
8:09 AM • Jun 5, 2023
CEX Market Statistics
Liquidation Heatmap - $102.1M worth of liquidations in the last 24 hours:
Open Interest
Cumulative Long:Short in the market:
To all our Chads, Apes and Wrinkly Brains:
571 days of a bear market so far, and yet you are still here playing the game with us.
Give yourself a pat on the shoulder.
You deserve to make it.
— Route 2 FI (@Route2FI)
3:32 PM • Jun 4, 2023
Food for thought:
in many ways the history of the last bull market was of widespread confusion about the question of value
valuations were psychosocial; value was driven by what people said it was
in the year of 2023 you should ask yourself
what do I think is valuable? twitter.com/i/web/status/1…
— Vance Spencer (@pythianism)
6:25 PM • Jun 5, 2023
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