😬 BTC Must Hold $108.1 or Hell Week:

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 and welcome to September.

Redtemper or Uptomber? That’s the eternal question as we drift into a month rarely kind to the upside.

Last Friday, we warned about heading into what could turn into a “Hell Week,” and the weekend price action pointed to it. Still, as long as BTC keeps closing above $108.1K, the door is wide open for strong bounces from here.

Given that the Fear and Greed Index looks like this, along with Capo bear posting and the timeline constantly debating whether it’s the end of the cycle or not, I think the odds for a green start of the week shouldn’t be underestimated.

What we can count on, once again, is volatility. Here’s the full slate of macro events for the week. I think most of the focus will be on Friday’s NFP data.

Considering there’s also over $2T of US debt refinancing for this month, we should definitely watch how the end of this week looks. Simply put, if BTC starts closing below $108.1K, the odds for a bearish scenario rise rapidly.

The Bears are currently gloating mainly around these bearish divergences on the monthly. It’s worth remembering that these are very long-term indicators, and as we advance, I would keep this point from Nik closely in mind.

One thing’s for certain, we're not going to be bored this month. Stay tuned.

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The important bits.

• INFINIT offers 20% yield on delta-neutral automated strategies, try it out

• Jumper exchange covered in new blocmates article, read here

• Sonic Labs has approved a $150M plan to expand into the U.S. capital markets, read more

• BakerDAO presents a new stBGT website and mechanics, read more

• CodecFlow announces the launch of RoboMove, read here

Even more important bits.

• Trump says, "prices are way down in the USA with virtually no inflation”, read here

• blocmates explains “The Rise of Corporate Blockchains” in a new article, read here

• The U.S. government brings economic data onchain with Chainlink, read more

• Eliza Labs is suing Elon Musk’s X, alleging the platform copied its AI tech, read more

Charts and stats of the day.

• Digital asset saw inflows of $2.48bn last week, chart here

• 12.85% of Ethereum's application revenue is on Layer 2s, chart here

• Kanye West’s $YZY token left 73.8% of wallets in losses, read here

Telemetry data of the day.

PumpFun + Heaven + Bonk trending tokens for the last 24h:

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).

Focus on established communities - stop gambling.

I can’t agree more with the statement below.

If we’re heading into the last phase, and it’s bullish, the last thing you want to do is lose all your capital gambling on new launches.

The sidelined capital will look to deploy into sure-fire bets, which will benefit from overall rising liquidity in the market (if that happens).

As you know, one of those new, but established bets we covered are for example CUPSEY, NUB, RETIRE, NEET for the Pumpfolio meta, or even riskier ones such as SENDIT for the BONK meta.

It goes without saying that if these names run, it will happen alongside PUMP and BONK pumping as well. Good luck out there. More info and picks are coming up the next days.

• Idle Network (AI & Robotics on Base)

• PredictionIndex (Prediction Markets)

• Manifest (iOS app)

• Edel Finance (Stocks)

• Credit Coop (Credit Markets)

To save you doom scrolling.

Last week at blocmates was packed! Here’s everything you might have missed:

Here’s what I think are the most probable scenarios going forward, simply judging from what I see all around.

What do you think?

stay safe homies,

Hix0n 🫡