Risk sentiment still pretty tame across the board

Warsh (dovish) still the favorite to succeed Powell as Fed Chair

Is AAVE the most obvious buy in crypto? TVL has historically been very correlated to price and has doubled the past few months without price following. Massive usage coming from these DATs...

Crypto in 401ks is WAY WAY BIGGER news than the ETFs In the US, roughly 100 million Americans have a retirement investment vehicle known as a 401(k). Every 2 weeks, a portion of their paychecks are routed directly into purchasing a mixture of stocks and bonds. On autopilot. No discretion, just direct purchases based on their predefined allocations. Most Americans adjust these allocations annually, if at all. This is a HUGE driver of the equity market run and resilience over the past 20 years. A constant background bid for assets. In aggregate, this is ~$12T in assets with ~$50B of new capital flowing in every 2 weeks! At a 1% portfolio allocation to crypto brings $120B in new flows At a 3% portfolio allocation to crypto brings $360B in new flows At a 5% portfolio allocation to crypto brings $600B in new flows and these aren't one time flows. THEY KEEP BUYING ONCE ALLOCATIONS ARE SET. 401ks + DATs w/ at the money shelves put a ridiculous floor of crypto going forward and move the limit from the moon to jupiter. Strap in 🫡

Just snagged some @billions_ntwk on @KaitoAI. I've personally never done anything on a launchpad but DID is such an obvious use case for crypto and I think this is the project to finally execute. Killer team, killer investors, killer growth (1m+ users) and a huge advantage (Passport verification vs weird eyeball scans) over more well known name brands like Worldcoin.

Golem and Pulsechain still own a combined 267k ETH or ~$1B lol

How easy is your job as an SEC enforcement agent for 2025? Just monitor unusual call activity on these target DAT companies. Lots of lambos going to be repo-ed next year....

Everyone is looking at the first-order effects of spot buys for these DATS but absolutely NO ONE is ready for when these companies start to put this money to work on chain. $6B+ injected directly into ETH Defi? LFG. h/t @blockworksres

SBET has issued over 51m shares for $984m in proceeds over the last six weeks, equivalent to 58% of the current market cap The proceeds were used to purchase what is now $1.6b of ETH The ATM facility expanded from a $1b cap to $6b on July 24, enabling another $5b of share issuance. We can see Sharplink intends to drip shares onto the market each week at a rate of 3-10% of trading volume SBET saw $3.7b in trading volume this week, so I'm estimating approx $110-$180m of shares were sold (3-5% of volume) If you assume nothing breaks (!!), they are on pace to purchase another $3b of ETH this year

Tether was the 7th biggest buyer of US debt in 2024