🐻 Here's How Bears Get Rekt in September:

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So, the most critical non-farm payroll data of our lives (again) finally came in - and it’s not looking good. Hardly a shocker, considering the Orange Man preemptively shouting “fake news” on X yesterday. Business as usual.

For anyone new here, bad economic data like this is bad for the economy, but for us, it’s great. The path to rate cuts couldn’t be clearer now. Odds for the September cut are already at 99%, and with how things are shaping, the next cut should come right after.

We’re already seeing gold and US indices rip to fresh all-time highs while the dollar softens.

On top of all this, check out the stablecoin dominance index. Is it time to initiate sidelined September? Fortunately, we’ve been preparing for this bounce action since Monday.

Going forward, I think it’s not out of the question for BTC to bounce all the way to $117-118k, especially if we close out the week above $112k. But that’s where I would expect another little stallout to happen, IF it happens.

There are still higher timeframe bearish divergences on many charts, and the question now remains whether or not these will get invalidated. Here’s a great example of how strong bear divergence invalidations look, so watch out.

For now, it seems the market wants to punish the majority who endlessly repeated that September is seasonally bearish. Again, there’s still a chance for a bearish weekly close, but as long as things look bullish and BTC holds at least above $111k, I think the ball is in the bull’s court.

Let’s see what happens by Monday. I will be back on Thursday next week, so expect Lavina to take you through it until then. Cheers, enjoy the weekend, my frens.

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The important bits.

• Magic Newton distributes a new batch of staking rewards, check yours here

• INFINIT August yappe spotlight is out, check here

• INFINIT explained in a new blocmaes video, watch here

• Almanak reached $40M TVL, read here

• Kyan releases new Option Talks episode, listen here

• Saga hosts new Saga Vibes Hours spaces, listen here

• Mira Network announces the new Voice of Realm reward winners, check here

• GenLayer features Rally, the new AI marketing protocol, read here

• MegaETH explains how their ENDGAME tech fixes blockchains, read here

• Hyperliquid announces a plan to release a native stablecoin, read here

• HyperUnit’s bridge assets are covered in a new risk report, read here

• OpenSea announces HyperEVM NFT market integration, read here

Even more important bits.

• Paul Atkins says they are working to provide "greater certainty" to crypto, read here

• Stripe and Paradigm launch Tempo, a new blockchain for payments, read here

• El Salvador buys $50,000,000 worth of Gold, read here

• Tesla's board proposes a new $1 trillion pay package for CEO Elon Musk, read here

• Kraken acquires prop trading platform Breakout by Mayne, read here

• Mitch says anyone can make $10k from launching a Pumpfun stream. listen here

• Hackers are hiding malware in Ethereum smart contracts, read here

• Tether is reportedly eyeing deeper moves into gold, read here

• World Liberty Financial blacklisted Justin Sun’s wallet, listen here

Charts and stats of the day.

• Solana went from 0 to $100B+ in less than five years, chart here

• Pumpfun purchased $12,192,383 in PUMP tokens in a weekly buyback, read here

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.

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).

Kled AI

KLED has been buzzing around the timeline lately, and I think this chart looks awesome for entry.

Kled AI is a nice combo for the AI / Data / RWA narrative, and its $12M market cap seems very sensible and not overvalued for a new project, which is unfortunately often untrue for many others.

Here’s a thesis from Miya you can read if you’re interested. Beware, this is not financial advice, and Kled got fudded by accounts I respect, like Cobie and Agent Chud. But charts are charts, and I’ve seen the ones looking like this turning into very profitable ones.

• Trendle (Prediction markets)

• Hypiq (Hyperliquid prediction market)

To save you doom scrolling.

I agree with this a lot. I believe having a short list of good, undervalued memes attached to a PUMP bull run and Glassfull Foundation is precisely what we need in the meme space.

Concentration of focus and capital, rather than constant dispersion across thousands of new launches. The new age meme meta is born. Pumpfolio. w(Here are my leading picks).

The Pokémon meta is simply dope, and I will continue participating.

Right now, my full focus is on Phygitals simply because I think the potential of the airdrop should NOT be overlooked. They have no VCs, which makes me think they could airdrop 10-20% of their supply to point holders.

Then, if the FDV reaches around $250M to compete with CARDS, we’re looking at a juicy 5-, maybe even 6-figure airdrop for highly ranked point holders.

Join me here, it’s fun. I managed to climb into the top 60 just with $1.5K invested, focusing mainly on opening the $250 and $500 Base Packs.

stay safe homies,

Hix0n 🫡