NiftyNoon: The Dips Are Back - Crypto Markets Pull Back Amidst Geopolitical Risks
Following substantial positive price action after Donald Trump’s seminal Bitcoin speech, crypto majors are pulling back over fears of Middle East escalations into full-out war (August 5, 2024)
Highlighted News:
Absolute chaos in Japan as stocks are on track for their biggest decline in more than 8 years:
https://x.com/barchart/status/18202589155121851s=46&t=4gBGB4vS1J_fBcZR0xe
@jonwu_ on small 25 basis point interest rate hike in Japan spiking all risk assets:
https://x.com/jonwu_/status/1820283967049965909?s=46
Jump Trading recently redeemed $410 million worth of 120,000 wstETH into ETH and then transferred it to CEXs such as Binance and OKX:
https://x.com/wublockchain/status/1819917456632348687?s=46
Evidence of paradigm panic selling 150m eth this week:
https://x.com/majinsayan/status/1819792303470379426?s=46
Goldman Sachs increases its prediction of a US recession in the next 12 months up from 15% to 25%:
https://x.com/spectatorindex/status/1820198444780356025
Project and Community News:
Wallets linked with Genesis Trading have moved 16.6K BTC ($1.1B) and 166.3K ETH ($521.1M) in the past hour: https://x.com/arkhamintel/status/1819375635539616132?s=46
Volatility is at 2008 levels: https://x.com/kobeissiletter/status/1819767807522816247?s=46
Alts with the highest % drawdown in the last 7 days: https://x.com/sandraaleow/status/1820020069084348728?s=46
@altsbyadidas avatar, set to be released in Q4 this year: https://x.com/altsbyadidas/status/1819383061626474805?s=46
Donald Trump suggests using Bitcoin to pay off the country's $35 trillion in debt: https://x.com/bitcoinmagazine/status/1819420545219227767?s=46
A smart money deposited 2,500 $ETH($7.27M) into Binance 30 minutes ago: https://x.com/lookonchain/status/1820049813712576867?s=46
Morgan Stanley's advisors manage $5.7 Trillion in client assets: https://x.com/bitcoinmagazine/status/1819413773452443778?s=46
PacMoon teases bridging memecoin to a new chain: https://x.com/pacmoon_/status/1819799735579951412?s=46
@Hivemapper, a decentralized mapping network built on @solana, has achieved a major milestone by mapping over 25%—a quarter—of the global road network: https://x.com/solanafloor/status/1819452448702087655?s=46
@cryptomanran on violent selling by Jump Trading on @ArkhamIntel: https://x.com/cryptomanran/status/1820136640033202188?s=46
@fantasy_top_ Tactics V2 is Live: https://x.com/fantasy_top_/status/1819412089313558606?s=46
Sequence's Builder is live on Testnet Curtis: https://x.com/apecoin/status/1819463690334429436
Someone has just pocketed $230,000 in loans borrowing against real land, deposited in minutes into their bank account: https://x.com/fabricaland/status/1819080641037955332
if you’re in NYC, SoCal or Miami, for a limited time you can find @DrinkAriZona x Doodles iced tea with lemon in stores near you: https://x.com/doodles/status/1819388857152151930?s=46
In light of @Polymarket's recent explosive growth, the ParaFi team has been analyzing on-chain data to understand two critical questions: https://x.com/paraficapital/status/1819099827554181328?s=46
Quick Stats:
👾 Blur ETH Daily Volume: 1,287 ETH (▲ 5.50%)
🌊 OpenSea ETH Daily Volume: 253 ETH (▼ 0.48%)
🟠 BTC : $53,413.76 (▼ 11.09%)
🔷 ETH: $2,387.86 (▼ 16.77%)
🟣 Solana: $128.17 (▼ 8.62%)
🟪 Polygon: $0.38 (▼ 13.86%)
Top NFT Sales:
CryptoPunks #204: 30.00 ETH
CryptoPunks #7939: 26.00 ETH
CryptoPunks #4409: 24.90 ETH
NFT Daily Winners:
🍭 Mocaverse: 1.79 ETH (▲ 5.49%)
⛩ Azuki: 3.85 ETH (▲ 0.00%)
NFT Daily Losers:
🚬 CryptoPunks: 22.50 ETH (▼ 1.53%)
🦧 Bored Ape Yacht Club: 9.28 ETH (▼ 1.78%)
🏴☠ Captainz: 1.98 ETH (▼ 2.23%)
🐧 Pudgy Penguins: 7.90 ETH (▼ 3.08%)
👩🏻 Milady Maker: 3.98 ETH (▼ 5.44%)
🏳🌈 Chromie Squiggles: 3.40 ETH (▼ 7.98%)
💼 Ordinal Maxi Biz: 0.14 BTC (▼ 9.09%)
😡 Mad Lads: 46.90 SOL (▼ 9.81%)
🐱 Quantum Cats: 0.22 BTC (▼ 10.29%)
🧦 Bitcoin Puppets: 0.06 BTC (▼ 10.64%)
👾 Tensorians: 8.30 SOL (▼ 11.38%)
🐵 NodeMonkes: 0.09 BTC (▼ 13.87%)
Notes:
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