👀 Full Moon, Full Send? All Eyes On August 8–9:

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GM, the macro bros are back at it.

BTC dipped a bit yesterday—likely triggered by a swarm of macro experts screaming about the latest ISM Services PMI data, which hinted at rising inflation and slowing employment.

Luckily, we have charts, so we don’t have to do as much macro.

The dollar index, as seen here, is now back to its usual breakdown mode. That’s a good sign for us.

Bitcoin is currently hovering around $114k, meaning we’re still safe and sound above the $113.6k level, which we've been monitoring since last week. If we breach it, we need to be on the lookout for this simple line. Wicks below are fine, but it’s essential to see a swift recovery from there. If there’s acceptance below, the correction will likely drag out for longer.

On the altcoin side, there’s a lot of hopium for high-timeframe higher lows. If we see these TOTAL2 and TOTAL3 charts confirming higher lows, I think a lot of fun awaits in the shitcoin lands.

From the cycle timing perspective, I would recommend going over this chart. Simply put, the signs of a top are still not present.

Lastly, we’ve got a full moon coming up August 8-9th, and the astrology streets are saying that’s indeed another bullish sign. Let’s see!

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The important bits.

• Fuel Network presents Microchain, a new Fuel DEX, read here

• Giza surpassed $15 million in assets under agent, full stats here

• PreStocks announced a partnership with Meteora, read more here

• Altitude explained in new blocmates research article, read here

• Stargate lists PROVE by Succint, read more here

• ScorePlay prediction markets are launching on Sophon

• INFINIT IN token airdrop is coming soon, here’s a full breakdown

• Kyan, a new crypto derivatives product, covered in blocmates research, read here

• Umbra covered in new blocmates research article, read here

• Liquity releases updates on v2's rise to $160MM TVL, read here

• Hybra Finance updates airdrop terms, adds loyalty points, read here

• Pendle introduces Boros, Pendle’s new platform for trading funding rates, read here

• Liminal Finance introduces referral program, join here

• PENGU is now live for trading on Robinhood, announcement here

Even more important bits.

• SEC releases statement saying Ethereum liquid staking is not a security

• Small-cap companies are piling into ETH, now holding $3.5B worth

Charts and stats of the day.

• PumpFun flips Bonkfun in 24-hour volume and revenue

• CRV sees significant outflows from exchanges

• Japan’s wage growth continues to slow down

• Hyperliquid earned 35% of all blockchain revenue in July

• Crypto gaming continues to rise in trend on Google Trends

• $18B worth of Bitcoin short positions are at risk of liquidation if BTC reaches $125,000

• $8.1 billion USDT on Aave, a new all-time high

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Telemetry data of the day.

As mentioned above, PumpFun is firmly in control, flipping Bonk in revenue and activity. Let’s focus our data set on PumpFun again:

• Trending PumpFun coins, 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).

Shadow Exchange

I’ve been in crypto for a while now, and so far, the most important lesson to me is that it pays to pay attention when it’s quiet and be patient enough when I find something that justifies said attention.

Shadow Exchange falls into this category, in my opinion. Let’s go over some pretty crazy stats here.

Shadow leads by at least 10.22% in the 30-day revenue-to-marketcap ratio ladder, which means it ranks higher than Raydium or Hyperliquid.

Moreover, Shadow's improved x(3,3) model makes it much more favorable over other ve3,3 DEXs, making things work smoothly without needing four-year long token lockups.

In addition, an ongoing S token incentive program is running on Shadow now, rewarding a total of 3,000,000 S tokens. More info on that here.

Lastly, looking at the SHADOW chart, I see a clear 1D bull divergence brewing. That’s obviously a very good sign that things are likely bottoming out, but remember the first sentence: patience is most likely required.

• 3Jane (Credit-based money market)

• Dreamcash (Hyperliquid trading app)

I don’t know about you guys, but I sure wouldn’t mind seeing $18B worth of Bitcoin short positions getting liquidated if BTC breaks back above $120k.

There have been a lot of bears on the timeline lately, just saying… they aren’t as safe as they’re trying to present.

stay safe homies,

Hix0n 🫡