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The Childless Cat Lady officially endorsed Kamala Harris for President on The Gram. She believes that Harris is a “steady-handed, gifted leader” and can help America achieve much more. 

Even though crypto has been marching on the recovery track since the beginning of this week, returns during the US trading hours continue to be the worst, and tbh, Kamala has the potential to push it lower. 

During the debate, not a single word associated with crypto was uttered by either of the contenders. BTC dropped by around 2% to $56,300. Meanwhile, Trump-themed PolitiFi coins were in shambles, registering losses in the 10% to 30% range. 

Kamala-related coins like KAMA didn’t rally either and were trading in red on the daily timeframe. 

To add more fuel to the fire, crypto stocks are also trading in red today. Coinbase was down 3.4% at press time, while Bitfarms and MicroStrategy registered losses of 3.3% and 5.1% respectively.

The debate, combined with everyone’s running commentary on Twitter, was pure entertainment. All of Trump’s pain points were on Kamala’s fingertips, and she didn’t hesitate even once to personally attack him. 

The poor orange man — instead of focusing on his strong points and blowing his own trumpet — was forced to spend most of his answer time dodging the allegations and defending himself. 

Meanwhile, there was a betting fest on Polymarket. Right from making money on handshakes, to encashing gains on sitters like inflation, AI, and Project 2025, bettors had a great day at the office. 

Polls indicated that Kamala won the debate, and now, the ultimate election victory odds are down to 49-49 on Polymarket. 

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BTCUSD 1D — Spot CVD vs. Perps CVD

The rally in February from $43k was spearheaded by spot buyers.

In the chart above, spot buying pressure is represented by the green line (Spot Cumulative Volume Delta), while the blue reflects perps buying-selling pressure (mostly selling).

To break out of this downward chopsolidation hellscape, spot buyers ought to show up again.

Every time we’ve dumped (may it be 5 July, or 5 August, or 6 September), we’ve have a little spot rally. This has been followed by the CVD falling back into the downtrend channel (red trendlines).

Let’s encourage perps traders to go max short (this awful PA is helping) and when spot breaks out of this downtrend channel, we will have a lovely big short squeeze back to $74k and beyond.

NFA as usual, please do your own research always.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

Blockchain infra provider Luganodes, in partnership with Nonco, is now offering scalable fixed-rate staking yield for ETH delegators using Composite Ether Staking Rate i.e. CESR. 

According to Luganodes CEO Anuj Shankar, providing stable and predictable yields aligns with the team’s commitment to deliver top-tier staking services.

His team added,

"This innovative fixed-rate swap product provides institutional investors with a financial-risk mitigation opportunity by offering a shield against Ethereum APR fluctuation with a guaranteed rate."

The important bits:

• Synthetix, dYdX, Lido lead development activity amongst DeFi projects

• Euler v2 amasses $5 million in deposits and $800k in active loans

• BitGo picks LayerZero as the interoperability provider for WBTC

• Payment giants PayPal, Venmo integrate ENS 

• EigenLayer’s new security model offers greater control over slashing risks and permissionless onboarding of AVSs

• Raydium unveils Burn and Earn for token teams

Even more important bits:

• Indonesian exchange Indodax loses millions of BTC, ETH, POL, TRX to hack

• Singapore updates casino laws: Cashless betting In, crypto out

• Solo Bitcoin miner fetches $180k block reward

• India leads grassroots crypto adoption globally

• Osmosis to roll out cross-chain token portal 'Polaris' 

Life gets busy so here’s what you’ve missed.

What Is The Fantom Crypto Sonic Upgrade?

Research

Fantom is all over the timeline. Right from capturing the mindshare to producing god-candles, it has been creating new feats on a daily basis. If you’re still tryna wrap your head around what’s happening, then this article by Gaz will give you the perfect head start.

Read More → here

To save you doom scrolling.

BlackRock now ironically holds a White Rock. Reminds me of 2021’s Ether rock frenzy where people blindly poured in funds to buy rocks... for fun.

US inflation is cooling down, at least on paper. When compared to the consensus expectation of 2.6%, the actual number ticked in slightly lower at 2.5%.

As soon as the number was out, Bitcoin registered early losses. It dropped to a wick-low of $56.27k. Right after, it reversed its trend on the 1-minute chart and breached $57.16k before dipping back to $55.64k. 

I — like a fool — was staring at the 1-minute chart for God knows how many minutes while all this was happening.

The market is as volatile as it could get. Don’t let temporary knee-jerk reactions erode your conviction. Zoom out and wait for your hopium directional bias to materialize. 

stay safe homies,

Lavina 🫡