💎 Altseason Ahead? These Signals Say So:

ether.fi Cash 

Become your own bank.

ether.fi Cash is the real-world spending product we DeFi natives have been waiting for for so long.

It’s time to ditch your bank altogether and embrace the crypto life:

• Spend it directly with no fees on the sale, and earn 3-5% back on every purchase—debit or credit.

• Never sell - live like a billionaire: avoid taxes, compound wealth. Don’t worry about on-and-off ramps or taxes by spending against your balance as credit debt. 

• Pay off your debt with yield + cashback: earn 9% on stables, 7% on ETH, 2% on BTC, with HYPE and SOL on the way.

• Use borrow mode: 70% LTV against your whole portfolio, “only borrow, never sell”

• Keep self-custody, earn big yield, and never pay for instant withdrawals or have your money stuck in a CEX again.

GM, things are pretty interesting right now.

While everyone freaks out about the cycle top possibly being in, let’s keep a cool head and map out everything we need to watch.

First of all, the choppy outlook hasn’t changed much. Looking at the S&P 500 here, the Crab might annoy us well into September. But that’s ok.

In the short term, the market is (hopefully) in a bouncy area, given how much liquidity was taken on this move. The levels to watch on this bounce are mapped here in yesterday’s commentary (important).

What’s also crucial to note here is that even while Bitcoin dumped, many altcoins printed a higher low compared to the last time BTC went to $113k.

Combined with Bitcoin dominance printing bearish signals on the monthly (!), it makes me think that once BTC is done with this downturn, alts will absolutely fly.

If we’re trying to see which ones will outperform during the next leg, I think it’s wise to watch SOL/ETH. As you can see here, this is a perfect area to print at least a medium-term mean reversion.

ETH itself is a bit trickier. Price action is lackluster despite buying pressure equivalent to four years of MicroStrategy BTC purchases compressed into just 40 days. Perhaps the real pump happens once this massive short positioning starts to unwind? Remains to be seen.

I think we need to wait for tomorrow’s FOMC minutes and Powell’s speech at Jackson Hole to conclude whether or not this choppy consolidation continues.

Lastly, keep an eye out for this stablecoin dominance chart. These upside targets mustn’t be flipped for the altcoin market to stay healthy. I’m staying optimistic.

✍️ Advertise with us | 🧑‍💻 Join the Discord | 🐥 Follow on Twitter
📊 Sub to YouTube & Spotify

👇 And if you haven’t yet, hit subscribe below 👇

The important bits.

• Plasma announces partnership with Binance Earn, read here

• Fuel Network’s Microchain DEX is the fastest in the world, see here

• Almanak explained in a new blocmates research article, read here

• Mira Network publishes another campaign question, answer for reward 

• Kyan releases new product info before launch, read here

• Sophon announces “Bridge” badge, bridge and play games, get rewarded

• INFINIT featured and explained in a new blocmates video, watch here

• HyperBloom integrated HyperFlow on HyperEVM, read here

• Fluid explains their buyback & revenue model, read here

• EdgeX listed MOG Coin perpetuals, trade here

• Railgun announces address shielding and ZK privacy functions, try it here

• Kamino Finance offers 19% APR on USDC; join here

• DYDX launches referral boost program, join here

• Dinero’s institutional LST hit $25m in TVL, read here

Even more important bits.

• SoFi Technologies partners with Lightspark to integrate Bitcoin Lightning, read here

• Trump goes off on Jerome Powell to lower rates, read here

• White House announces TikTok channel launch, read here

• Circle launched Gateway, a tool that lets users move USDC across blockchains, read here

Charts and stats of the day.

• Hyperliquid is now the number one company per employee paid ($102m) in the world, read here

• Pumpfun just crossed $800M in fees, read here

• BlackRock currently holds over 3% of Bitcoin’s total supply, read here

• Token launch volume across launchpads is decreasing, chart here

• Monad hit 50% mindshare on Kaito, chart here

• USDT saw $1.24 trillion in onchain transfer volume in July, chart here

• Macro Cycle Risk indicates Bitcoin still isn’t topped out, chart here

• 87% of protocol revenue to token holders came from 9 protocols, see them here

• Bitfinex whales started buying again, chart here

Telemetry data of the day.

I have a feeling PumpFun will go on a counterattack soon. Let’s check the trending coins here:

If you want to access more of this type of data and trade freshly graduated tokens on PumpFun of Bonk, visit Telemetry here (it`s free).

Yet another memecoin bet.

Since many of you really enjoyed our NUB prediction, here’s another one.

NEET is not only one of the coins likely to receive a Glassfull Foundation liquidity injection, but it’s absolutely killing it on the mindshare front.

Chartwise, it seems like it wants to break out and head higher soon. And I’m not surprised. It's not often that you see a Memecoin page post hitting 230,000 likes.

• Boundless (Univerzal ZK protocol)

• TokenMill (Launchpad)

To save you doom scrolling.

This brings a tear into my eye.

Here’s a perfect depiction of the current state of things.

Don’t get bearholed and stuck on lower timeframes, my frens. Things are not only looking good, they are looking the best they ever did.

If I learned anything during the last seven years of working in crypto, it’s that staying optimistic is always the best way to not only survive but thrive. Best of luck to all.

stay safe homies,

Hix0n 🫡