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🤓 PPI Inflation Data Show Good Signs For The Market

🤓 PPI Inflation Data Show Good Signs For The Market

PLUS all the DeFi news & updates you need to stay ahead.

March 13, 2025

GM, enjoying the “detox”?

Fortunately, it seems that at least Mister Bessent doesn’t think this “detox” period for markets means the U.S. economy is heading into a recession. The only ones who think that seem to be people on Google Trends and every other reply guy on X. So, who’s right?

All I know is that historically, it isn’t the reply guys. Today, we’ve had the PPI inflation data, which, once again, came in softer than expected. Inflation seems to be steadily heading towards the Fed’s 2% goal (which actually isn’t needed for them to cut rates anymore), and the more this continues, the more interesting the next FOMC meetings are going to be.

BTC seems to be getting weaker again after today’s NYC open. Nevertheless, there’s still a good case to be made for this area, or maybe the previous low will provide us with a proper bounce (praying).

What’s interesting these days is watching the TOTAL2 and TOTAL3 charts, which represent the altcoin market capitalization. Even though coins and especially memes are dying left and right, these charts are holding their support.

The conclusion? Fundamentals matter, and once altseason (if you can even call it that) happens, the outstanding protocols and projects will benefit exponentially more than the bottom of the barrel memes and products without PMF.

It’s time for you to study and time for us to provide the best study materials. Stay tuned.

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The important bits.

Get ready to participate in Ramen Finance’s Berachain Reward Vault
Maia DAO features Automated Concentrated Liquidity Strategies, here’s how to get the yield
Yeet is releasing the new Berachain “biblical bera bonzi”: here’s how to participate
Ionet explains how you can unlock more GPU scalability with Co-Staking
Sophon releases multiple 4x multiplier reward pools - here’s how to farm them
Mode releases Voting Epoch 5
Nillion announces Airdrop Checker: check your allocation here
Ripple receives approval from the Dubai Financial Services Authority to provide crypto payments
Dinero announces more Branded LSTs to come soon, with $45m already

Even more important bits.

Hyperliquid ETF with BlackRock is now debunked
Franklin Templeton files for a Spot XRP ETF with Cboe
Coinbase now works with 145 US agencies, amid positive regulatory changes
President Trump aims to eliminate taxes for individuals earning less than $150,000
Trump family in talks to acquire a stake in Binance. US

Charts and stats of the day.

Someone lost over $215,000 to an MEV bot swapping USDC to USDT. Use CowSwap for protection!
US tech looks like it's putting in a complacency shoulder after a decade-long bull against Chinese tech
Hyperliquid whale is back, longing ETH and shorting BTC
Stablecoin supply exceeds 1% of the broad US money supply
Bitcoin accumulation addresses are back to stacking sats
Ethereum has faced record active selling over the past 3 months

Crypto taxes? Absolute pain.

Sifting through receipts, crunching numbers — it's a yearly ritual of suffering. Throw crypto into the mix, and it’s full-blown chaos.

Now you’re juggling transactions across wallets, flipping between CEXes and DEXes, and wondering if that airdrop was a win or just a taxable headache. And let’s not even start on staking rewards…

Well, it doesn’t necessarily have to suck.

Crypto Tax Calculator is built for degens like you. With over 1000+ integrations, a custom shitcoin pricing oracle, and the superpower to handle your on-chain terror.

You can either generate reports your accountant will love or directly file ‘em yourself.

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Gold 1W with Bitcoin in orange, M2 Global Liquidity at bottom

Gold is making new all-time highs and pushing towards $3k today. You can see the tight correlation with M2 global liquidity expansions—M2 is the bottom pane—basically the global money supply.

Bitcoin also tracks monetary expansion (debasement) but usually lags by a few weeks. Gold (good for risk-off) is less sensitive to the current bearish sentiment. Monetary expansion usually happens due to some kind of crisis (Covid, the GFC), or structural volatility (Tariffs & other Trump changes).

Once the market has processed these tectonic shifts, I think we’ll see Bitcoin follow the Gold trend. I’m moving slowly. There’s no need to rush in a market like this.

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!

Smart-money movements on Solana for the day showed strong outflows from our “typical” memes, such as Fartcoin or the new favorite Pwease.

On the other hand, AI stuff such as Shoggoth sees inflows. It's important to say that, at this point, I wouldn’t read too much into these. Once the reconsolidations are finished, we can start talking.

Source: ChainEdge

Smart-money movements on Ethereum are more interesting. Memes are clearly suffering, while infrastructure stuff like LINK and LDO are leading. Remember yesterday’s Degen corner?