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#5 Macro Markets - Coinbase sues SEC + Macros that moved the markets
The Sixth Sense
June 11, 2023
Welcome to the fifth issue of the Macro Markets. Let’s see overall market sentiment in light of Coinbase sueing SEC, among other macro movements. 
Price Action:
Crypto Markets increased by ~0.64% taking the overall tracked market capitalization to $1.09T:
The global #crypto market cap today is $1.09T, a 0.64% change in the last 24h.
Total trading volume in the last 24h is at $37.1B.
#BTC dominance is at 45.70% and #ETH - 19.24%.11.06.2023 9:38:00 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
9:40 AM • Jun 11, 2023
Top Gainers (24 hrs):
⚡️TOP GAINERS OF THE DAY!
10 June 2023
$INU $VMPX $MNDE $EVER $AGLD— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep)
3:35 PM • Jun 10, 2023
Bitcoin Fear & Greed Index:
Bitcoin Fear and Greed Index is 47 — Neutral
Current price: $25,815— Bitcoin Fear and Greed Index (@BitcoinFear)
11:30 AM • Jun 11, 2023
Crypto Volatility Index stands at 45.49:
Major events in the centralized crypto world.
Bitcoin ‘digital gold’ parallel:
The Bitcoin 'digital gold' comparison is back for crypto natives - even as spooked pro traders dump the cryptocurrency dlnews.com/articles/marke…
— DL News (@DLNewsInfo)
8:34 AM • Jun 10, 2023
In the face of SEC investigations, Binance, Circle, Kraken make big additions to team:
HIRING: Binance, Circle, Kraken all made big additions to their teams this week
— Blockworks (@Blockworks_)
2:01 PM • Jun 10, 2023
Ethereum Devs Conclude Dencun Upgrade:
Ethereum Developers Conclude Dencun Upgrade, Paving the Way for Enhanced Performance
thecurrencyanalytics.com/altcoins/ether…
— John Morgan (@johnmorganFL)
1:41 PM • Jun 10, 2023
Sth weird in Binance’s PoR
1/ Just noticed something weird in Binance's own Proof of Reserves ("PoR").
TLDR, they either
i) Mass sold coins over the last months and cashed out the fiat somewhere; or
ii) They moved a large chunk of Binance's company's reserves out of the exchange cold wallets— Googly (👀,🫡) (@0xG00gly)
6:38 AM • Jun 10, 2023
Daily Active Addresses in Crypto timeline:
Daily active addresses in crypto:
2010 👥 ~2
2011 👥👥
2012 👥👥
2013 👥👥
2014 👥👥
2015 👥👥
2016 👥👥👥
2017 👥👥👥👥
2018 👥👥👥👥👥
2019 👥👥👥👥👥👥👥👥
2020 👥👥👥👥👥👥👥👥👥
2021 👥👥👥👥👥👥👥👥👥👥
2022 👥👥👥👥👥👥👥👥👥👥👥
2023 👥👥👥👥👥👥👥👥👥👥👥👥👥 ~6.3m— Token Terminal (@tokenterminal)
7:51 PM • Jun 10, 2023
Polygon’s response to $MATIC being listed as a security:
Polygon Labs: Given our focus on network security, we made sure MATIC was available to a wide group of persons, but only with actions that did not target the US at any time. We developed outside the US and deployed outside the US.
MATIC, listed as a security by the SEC and… twitter.com/i/web/status/1…
— Wu Blockchain (@WuBlockchain)
2:54 AM • Jun 11, 2023
CFTC wins Ooki DAO case, setting precedent:
Totally the biggest story of the day, nothing else going on in the world: theblock.co/post/234019/cf…
— Colin Wilhelm (@colinwilhelm)
8:59 PM • Jun 9, 2023
Sol not a security:
Solana Foundation 'disagrees' with SEC's claim that SOL is a security theblock.co/post/234072/so…
— The Block (@TheBlock__)
6:31 AM • Jun 11, 2023
DOJ unseals charges related to 2011 Mt Gox hack:
The DOJ unsealed charges related to the 2011 hack of the cryptocurrency exchange Mt. Gox and the operation of the illicit cryptocurrency exchange BTC-e.
Alexey Bilyuchenko, 43, and Aleksandr Verner, 29, both Russian nationals, are charged with conspiring to launder approximately… twitter.com/i/web/status/1…
— db (@tier10k)
2:59 PM • Jun 9, 2023
TrueUSD pauses TUSD stable mint, through Prime Trust:
TrueUSD pauses minting of the TUSD stablecoin through Prime Trust theblock.co/post/234051/tr…
— The Block (@TheBlock__)
1:29 PM • Jun 10, 2023
Court ruless a ‘DAO is a person’:
Court Finds a 'DAO Is a Person,' Owes $643,542 in Shutdown Order
►— Decrypt (@decryptmedia)
11:02 PM • Jun 10, 2023
Amongst Alt Szn madness, whales accumulate Bitcoin:
🐳 As #altcoin madness has ensued, there quietly is a #bullish divergence between #Bitcoin's accumulating whales and falling price. With whale holdings moving up by ~1K $BTC per day while prices fall, there is reason to believe a strong rebound can occur. app.santiment.net/s/7a-EwDSd?utm…
— Santiment (@santimentfeed)
6:45 AM • Jun 11, 2023
Coinbase CEO has no plans to delist tokens deemed securities:
🚨 BREAKING 🚨
Coinbase CEO Brian Armstrong says “We will not delist tokens deemed securities by the SEC and has no plans to phase out staking services"
#bitcoin#Bnb#Crypto#CryptoNews#news#Coinbase#CoinMarketCap
— Crypto Chronicles (@S021J)
7:15 PM • Jun 10, 2023
Free Crypto Airdrops/NFTs for promotions banned in the UK:
Using free crypto airdrops and NFTs for promotions will be banned in the U.K. under new rules for the sector coming into effect this October, @TheFCA official Matthew Long told @camomileshumba
— CoinDesk (@CoinDesk)
10:52 AM • Jun 9, 2023
Former SEC Chief warns people to get out of crypto platforms:
'Get out of crypto platforms now,' former SEC chief warns theblock.co/post/234081/jo…
— The Block (@TheBlock__)
11:35 AM • Jun 11, 2023
An insightful graphic into how Coinbase suing SEC will go down:
Coinbase is suing the SEC. Here's how it will likely go down dlnews.com/articles/regul…
— DL News (@DLNewsInfo)
10:48 AM • Jun 10, 2023
Next Week Market Moving events timeline:
Security Updates:
It seems the admin of the defunct "Atlantis Loans" has been maliciously exercised to upgrade various Atlantis aToken contracts and steal funds from approving users:
Pleaser do *revoke* from the compromised Atlantis aTokens:
aBUSD: 0x0503FEaa5854E55E5607e40371e2a1b0d1B9df7F… twitter.com/i/web/status/1…
— PeckShield Inc. (@peckshield)
8:06 PM • Jun 10, 2023
CEX Market Statistics
Liquidation Heatmap - $76.08M worth of liquidations in the last 24 hours:
Open Interest:
Cumulative Long:Short in the market:
Good Reads:
This week’s roundup by Nansen:
What's included in this week's @nansen_research roundup?
Dive into unshETH, Binance Listing Frontrunners, and Macro Updates
Now, let's get into it...
— Nansen 🧭 (@nansen_ai)
11:08 AM • Jun 11, 2023
Things Ordinals traders don’t want you to know:
Ordinal traders don’t want you to know this…
↓ (1/10)
— Liam Herbst (@liamherbst_)
2:57 PM • Jun 8, 2023
Insightful thread on zkP and DSL tech:
1/26: Along with the development of many proving Zero Knowledge frameworks, we have also witnessed the development of many Domain Specific Languages (DSL). What is DSL? Why is it required? Which DSLs are currently available and which are being developed?
A 🧵
— Raghav Agarwal (@0xRaghav)
8:17 PM • Jun 8, 2023
Doge Meme sold for 1696 ETH, this day in 2021:
This day in NFT History📜
On June 11, 2021, the iconic Doge meme is sold as an NFT for 1,696 ETH ($4 million) to @PleasrDAO
The NFT was sold by Atsuko Sato, the owner of Kabosu, the dog from the famous image.
— Documenting NFTs (@DocumentingNFT)
12:23 PM • Jun 11, 2023
Avoiding accidental Sybil identification for airdrops:
🚨Arbitrum blocked my wallets to the tune of $200,000
Actually no, I got my $ARB successfully, but your wallet can be deleted even if you made only one account.
Important: The thread is written to avoid accidental Sybil identification. Don't break the rules!
🧵👇
— Crypp (@cryppinfluence)
10:55 AM • Jun 11, 2023
Tried and true resources for MEV bot:
GM!
Because of the increasing number of scams targeting people who don't know what MEV/MEV bot and so on are, I compiled a list of tried-and-true resources!
FYI:
graph.org/MEV-PACK-06-10
— Officer's Notes (@officer_cia)
8:38 AM • Jun 11, 2023
This week in NFT land:
What a week in NFT land 🤯
Here is everything you NEED to know 🧵👇
— Moritz (@moritz_web3)
10:30 AM • Jun 11, 2023
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