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- #9 Macro Markets - 15th June, 2023
#9 Macro Markets - 15th June, 2023
Institutional Money Flow, Top Movers, Narratives, Security, Regulations and everything about the crypto Economy.
The Sixth Sense
June 15, 2023
Welcome to the ninth issue of the Macro Markets. Let’s see overall market sentiment in light of Fed Rate Pause.
Price Action:
Crypto Markets decreased by ~3.83% taking the overall tracked market capitalization to $1.06T:
The global #crypto market cap today is $1.06T, a -3.83% change in the last 24h.
Total trading volume in the last 24h is at $44.0B.
#BTC dominance is at 45.82% and #ETH - 18.65%.15.06.2023 8:05:25 (UTC)
#DeFi#NFT#BSC#Tether#AVAX#XRP#TRX#Solana
— СryptoBubblesDaily (@cryptobubbles24)
8:07 AM • Jun 15, 2023
Crypto Today:
Top Gainers (24 hrs):
⚡️TOP GAINERS OF THE DAY!
15 June 2023
$PSL $SWFTC $DEXE #DEXE $KASPA $ONSTON— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep)
12:24 PM • Jun 15, 2023
Bitcoin Fear & Greed Index:
Bitcoin Fear and Greed Index is 41 — Neutral
Current price: $24,867— Bitcoin Fear and Greed Index (@BitcoinFear)
11:00 AM • Jun 15, 2023
Crypto Volatility Index stands at 50.6:
Major events in the centralized crypto world.
Major hacker groups announce plan to cripple Western Financial System in 48 hours:
JUST IN: Major Hacker Groups Announce Plan to Cripple Western Financial System in 48 Hours: Targets Include 🇺🇸 US and 🇪🇺 European Banks, SWIFT, and Federal Reserve — MASH.
— Coingraph | News (@CoingraphNews)
9:04 AM • Jun 15, 2023
NZ officially enters a recession:
New Zealand have officially entered a recession following yesterday's 1Q2023 GDP numbers.
The RBNZ have been the most aggressive central bank (even more-so than the Fed) in hiking rates to tame inflation.
Potentially a sign of what's to come for the rest of the world this year!
— tedtalksmacro (@tedtalksmacro)
9:45 AM • Jun 15, 2023
BlackRock close to filing Bitcoin ETF
BlackRock close to filing Bitcoin ETF: Source
— unfolded. (@cryptounfolded)
1:03 PM • Jun 15, 2023
ECB’s Lagarde: We’re Not Thinking About Pausing:
ECB’s Lagarde: We’re Not Thinking About Pausing
— *seven (@sevenloI)
1:05 PM • Jun 15, 2023
Ripple partners with Colombia’s central bank to explore blockchain use cases:
Ripple partners with Colombia's central bank to explore blockchain use cases theblock.co/post/234629/ri…
— The Block (@TheBlock__)
12:01 PM • Jun 15, 2023
Tether wobbles as Curve 3Pool becomes imbalanced:
Source: theblock.co/post/234822/te…
— CoinGecko (@coingecko)
9:28 AM • Jun 15, 2023
Australia Yield Curve inverts for first time since 2008:
AUSTRALIA YIELD CURVE INVERTS FOR FIRST TIME SINCE 2008
— IGSquawk (@IGSquawk)
1:40 AM • Jun 15, 2023
USDT selling sets off alarm bells as Curve, Uniswap pools flooded with tethers:
NEWS: Unusual USDT selling patterns in major DeFi pools raise eyebrows
— Blockworks (@Blockworks_)
4:36 AM • Jun 15, 2023
Non Fungible Finance winds down operations:
Hi all, an announcement for the community.
"Non Fungible Finance (NFF), a key team contributing to the Backed ecosystem, has decided to wind down operations. The onchain work we’ve helped create—the Backed protocol, community NFT, and paprMEME—will continue to live on, but the… twitter.com/i/web/status/1…
— Backed 🖼🐇 (@backed_xyz)
6:40 PM • Jun 13, 2023
CBoe moves daily short volume data behind a $9K Yearly Sub:
In an effort to reduce market transparency, Cboe has moved the daily short volume data behind a $9,000 yearly subscription.
— ChartExchange (@chartexchange_)
4:56 PM • Jun 6, 2023
Fed pauses rate hikes:
1️⃣ Fed's Rate Hike Party Comes to a Screeching Halt 🟡 (Meh)
The Fed's been throwing rate hikes around like confetti at a parade, but now they're taking a breather. Maybe they ran out of confetti? 🎉
coindesk.com/business/2023/…
— El Crypto Chapo (@El_Crypto_Chapo)
10:15 PM • Jun 14, 2023
Coinbase tells SEC that DEXs can't be regulated as exchanges
Coinbase tells SEC that DEXs can't be regulated as exchanges theblock.co/post/234728/co…
— The Block (@TheBlock__)
6:45 PM • Jun 14, 2023
Summary of Fed Decision:
SUMMARY OF FED DECISION (6/14/23):
1. Fed leaves interest rates UNCHANGED
2. Unanimous decision for rate action
3. Holding rates steady to "assess policy impact"
4. Strong support for MORE rate HIKES this year
5. Fed sees inflation at 2.5% by end of 2024
For the first time… twitter.com/i/web/status/1…
— The Kobeissi Letter (@KobeissiLetter)
6:02 PM • Jun 14, 2023
Crypto prime brokerage FPG halts withdrawals following $15 million cyber attack:
EXCLUSIVE: Crypto prime brokerage FPG halts withdrawals following $15 million cyber attack theblock.co/post/234587/cr…
— The Block (@TheBlock__)
6:47 PM • Jun 14, 2023
Hong Kong regulators push HSBC, Standard Chartered to embrace crypto clients:
EXCLUSIVE: Crypto prime brokerage FPG halts withdrawals following $15 million cyber attack theblock.co/post/234587/cr…
— The Block (@TheBlock__)
6:47 PM • Jun 14, 2023
Korean crypto lending service Delio halts withdrawals due to funds stuck in Haru:
Hong Kong regulators push HSBC, Standard Chartered to embrace crypto clients: FT theblock.co/post/234869/ho…
— The Block (@TheBlock__)
10:34 AM • Jun 15, 2023
EU to build blockchain infra across continent:
By the end of 2024, a new international body to oversee the development and deployment of a blockchain to connect European citizens to public services — and in the long run, other private applications — will likely be in operation.
from @InbarPreiss:
— ekin (@eking0x)
8:20 AM • Jun 15, 2023
JPOW speech summary:
POWELL SPEECH SUMMARY⚠️
1. The Federal Reserve voted unanimously to pause, keeping interest rates as they are. However, Powell forecasted that further rate hikes are likely needed this year.
2. The Fed's updated dot plot was released with Fed members forecasting higher peak… twitter.com/i/web/status/1…
— Macro Dose (@macro_dose)
6:43 AM • Jun 15, 2023
Former FTX Ventures head joins Menlo Ventures as partner:
Former FTX Ventures head joins Menlo Ventures as partner theblock.co/post/234916/fo…
— The Block (@TheBlock__)
2:12 PM • Jun 15, 2023
‘Very costly side effects’: Blockchain Australia hits back at banks limiting crypto payments:
NEWS: Blockchain Australia calls banks out for ‘blanket restrictions’ on crypto payments
— Blockworks (@Blockworks_)
6:08 PM • Jun 14, 2023
Binance Pool Launches BTC Transaction Accelerator:
#Binance Pool launches the #BTC Transaction Accelerator!
Through this new feature, you can speed up any on-chain transaction on the #Bitcoin network, regardless of any potential network congestion issues 🤝
Find out more ➡️ pool.binance.com/en/acceleratio…
— Binance (@binance)
12:00 PM • Jun 15, 2023
CEX Market Statistics
Liquidation Heatmap - $162.43M worth of liquidations in the last 24 hours:
Open Interest:
Cumulative Long:Short in the market:
Good Reads:
An explainer into the #USDT depeg:
1/
#USDT depegged today!
What happened?
A thread.🧵
— Lookonchain (@lookonchain)
10:48 AM • Jun 15, 2023
Decoding The CEX Landscape: An In-Depth Analysis of 2023 H1:
After last week with the SEC suing CEXs, our latest report, free for everyone to read, couldn't be any more relevant!
Decoding The CEX Landscape: An In-Depth Analysis of 2023 H1
— Nansen 🧭 (@nansen_ai)
10:00 AM • Jun 15, 2023
Stealth addresses:
Stealth addresses are an affordable way to send and receive private payments, & they're live today
But for widespread adoption we need standardization to ensure seamless interoperability between tools and apps
That's why we've written two EIPs that we're looking for feedback on http
— Matt Solomon (@msolomon44)
2:29 PM • Jun 14, 2023
UX benefits of Centralized Sequencers x Censorship-Resistant Benefits of based sequencers:
🐈 is out of the bag!
We're researching ways to combine the UX benefits of centralized sequencers (soft confirmations) with the censorship-resistance benefits of based sequencers.
Let's dive in.
— Sovereign (@sovereign_labs)
4:43 PM • Jun 14, 2023
An open source platform for all things web3 security:
🥁🥁🥁
Introducing blog.web3sec.news an open-source platform for All Things Web3 Security, where security researchers, auditors, developers, & companies can share their quality content with the Web3 community!
👉 httpThread 🧵
Like & RT to reach❤️🔥
— Chirag Agrawal (@__Raiders)
12:12 PM • Jun 14, 2023
Ethereum's finality incidents and the impact they had on the p2p network:
New post on Ethereum's finality incidents that happened a month ago, looking at the impact they had on the p2p network (e.g, participation, connected peers, fulfilling consensus duties), and on user experience onchain (txns inclusion time, gas fees)
— soispoke.eth 🦇🔊 (@soispoke)
2:10 PM • Jun 13, 2023
The strange case of Prometheum:
This Prometheum storyline has got to be the strangest thing I have seen in awhile in this industry. Has anyone actually looked into this? Beyond bizarre…
— Matt Walsh (@MattWalshInBos)
7:17 PM • Jun 14, 2023
A chat on Fed rates, crypto, trader sentiment:
📺 Trader sentiment on #crypto is extremely negative right now, and understandably after the latest market plunge. In our latest chat with @EquitiesTracker, we navigate the encouraging whale behavior, and an #onchain look at $BTC, $ETH, and $LTC. youtube.com/watch?v=wtPZdF…
— Santiment (@santimentfeed)
5:28 AM • Jun 15, 2023
On Bitcoin Ordinals:
Why are Bitcoin Ordinals a big deal? Because of all the power the protocol gives to builders. I wrote a blog post about this, linked below. OCM Dimensions shows how powerful Ordinals can be to create great works on Bitcoin, and future creators can too! 🔥
Some OCM Dimensions… twitter.com/i/web/status/1…
— danny huuep (@huuep)
10:32 AM • Jun 14, 2023
On Polygon zkEVM shopping list:
Are You Wondering Why is Everyone Talking about Polygon zkEVM?
Isn't it a Dead Chain?
Are There Anything There Worth Buying?
Fret not, Jeff is Here to Show You Around
🧵 𝐏𝐨𝐥𝐲𝐠𝐨𝐧 𝐳𝐤𝐄𝐕𝐌 𝐒𝐡𝐨𝐩𝐩𝐢𝐧𝐠 𝐋𝐢𝐬𝐭
[Disappointingly Short List atm]
0/7
— 0xJeff (@Defi0xJeff)
11:08 AM • Jun 13, 2023
A chat with Frax founder:
Read our recap and remember to subscribe 💻
— FlywheelDeFi.eth (@FlywheelDeFi)
5:02 PM • Jun 14, 2023
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