📗 Next Week Should be Green (According to These Data)

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GM, are we going to make it (again)?

The ever-so-calming lullaby of Bitcoin printing green candles is back, but will it last? Well, as we know, the Bart candle can appear any minute. 

For now, it seems that if we get through tomorrow’s Jackson Hole event, where Jerome most likely confirms the rate cut narrative, BTC is in a good spot to finally join the strength we’re seeing in the stock market. Historically, the markets tend to fare well after Jackson Hole - well, except for 2022.

Bitcoin ETFs are quietly chugging along in the background, stringing together five days of positive inflows.

Ethereum ETFs, meanwhile, are still bogged down by ETHE outflows, mirroring the same five-day streak but in the red.

Nevertheless, Vitalik Butterin finally returned to save all ETH heads with his first massively successful bull-post yesterday. 

Steady lads, Vitalik enters the banana zone…

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COMP/USDT 1W Binance

I'm putting $COMP back in after we featured it in early August. That wick below the uptrend followed shortly after, which was not ideal, but ultimately, it was a good sweep of downside liquidity. Now, the only way is up, as soon as we get north of the red line (PoC) at $52. 

The $130 area seems like a good target for November. If you are cautious, wait for the weekly close because we are still at resistance here.

I am already long because I am an idiot who now sees Defi strength everywhere. Look at that weekly candle, though.

Learn more in Luke’s TA stream, live right now!

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!

Gamma Swap Nears

DeFi is finally getting interesting again, with the spotlight now on GammaSwap and its upcoming $GS token launch.

GammaSwap is designed to scale liquidity and decentralize the first perpetual on-chain options protocol. 

The tokenomics involve governance tokens (GS), escrowed tokens (esGS), and Multiplier Points (MP) to incentivize long-term participation and reduce inflationary pressure. 

The LBP launch is set for August 30th, followed by an airdrop. Stay tuned and learn more in the content pieces featured below.

The important bits.

• Magic Eden mobile wallet goes live on iOS - read

• Floki ties up with English Premier League teams to boost visibility - read 

• Hivemapper kicks off expansion into Asian markets - read

• Brazil approves second Solana ETF; near-zero approval chance in the US - read

• Malaysian authorities destroy 900 crypto mining rigs - read

Even more important bits.

• Dinero (DeFi) - New MAV incentives for pxETH/ETH pool on Mav Protocol - read

• ionet (DePIN) - Partners with Chainbase - read

• Berachain (L1) - Testnet had ~2.7 million transactions yesterday (more than Blast) - read

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

The 1st DEX on Bitcoin

Podcast

We've got a brand new episode of a blocmates Orange Jedi is joined by bc1plainview and Chadmasterxbt as they discuss the first bitcoin-native DEX on Bitcoin, MotoswapBTC.

Tune in on Spotify | YouTube →

To save you doom scrolling.

The definition of max pain by Lukas

Are the Trumps starting DeFi telegram channels now? Wow, I guess DeFi might genuinely be back, right?

Anyways, stay safe and don’t believe anything you see; double-check everything in crypto, always…

stay safe homies,

Hix0n 🫡