😬 September 1-7th = Hell Week. Here's Why:

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.

GM, it seems we’re simply not allowed to have nice things.

The bounce action seems to evade us for now, but the chances are still there, especially looking at today’s positive PCE data (full sheet here). Also, check out this “real rates” chart. These factors point to further rate cuts and a macro environment providing tailwinds for risk assets into Q4.

You’re likely wondering about the clickbait title, so let’s get straight into it. Even though I think it’s possible to see a green weekend heading into Monday, maybe Tuesday, I will stay on high watch here.

BTC can bounce all the way to $116K and still not be out of the woods. The memory of last September’s first week is hitting me hard here. We’re heading straight into a US Treasury debt refinancing week, and it’s not small (read this deeper dive here). $2.35T worth of debt must be refinanced; these events are historically not pretty (at first).

So, with that in mind, odds are we start seeing weakness creep in next week, with the real fear culminating by September 7th. On top of this, here’s a spooky insider trade sheet, showing exactly zero buy orders out of 200. Everyone’s derisking.

Looking at ETH, the “Tom Lee Trendline” is currently breaking down. Let’s see if it can be repaired by the end of the week.

Now, let’s not get lost in doom and gloom. All of this should be viewed, first and foremost, as an opportunity. Check out these macro indicator charts from Nik to keep your hopes up.

The best is yet to come, but we simply must get through September first.

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The important bits.

• Almanak successfully finished the Legion Presale, more info here

• Saga explains how AI can farm yield, read here

• Mira Network hosts the State of the Realm spaces, join here

• Plasma announces partnership with EtherFi, read here

• Jumper Exchange covered in new blocmates article, read here

• Pendle’s new “Yield Tokes” explained in new article, read here

• Mitosis airdrop is happening today on Binance, read here

• Yeet activated $100K worth of bribes on Berachain, yield here

• f(x) Protocol explains the importance of decentralized stablecoins, read here

Even more important bits.

• Gucci now accepts payments in ETH and DOGE at select U.S. stores, read here

• Germany calls on its nationals to leave Iran, read here

• 21Shares files for Sei ETF with possible staking awaiting SEC's review, read here

• 21 Shares announces HYPE ETP, read here

Charts and stats of the day.

• MOG onchain iquidation of $30m+ of mog tokens starts 17% lower from here, chart here

• S&P500 firms enjoyed the best earnings season in four years, read here

• Solana leads all chain in $5.8B DEX volume, read here

• Solana makes 15x more revenue per stablecoin dollar issued onchain, chart here

• Nord VPN dumps on news that Binance allows perpetuals in the US, read here

• Altcoins are at the bottom compared to ETH, pointing to a future bounce, chart here

• Robinhood has already brought $4,641,862.68 worth of stock onchain, chart here

• Hyperliquid generated $101 million in revenue for its token holders in August, chart here

• 75% of stocks in 3 of 4 major cyclical sectors are above their 200-day moving averages, chart here

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).

Hyperliquid rotation opportunity.

There are not many people left who believe in the HyperEVM season. I still believe that the Hyperliquid team will not let this opportunity pass.

Boosting the HyperEVM eco by starting a new point season is a clear chance to supercharge this ecosystem.

Here’s a thesis for the upcoming rotational opportunity:

To save you doom scrolling.

If you missed this cook from our new production, defo catch up!

I often hear:  

"Bear market starts soon, not much time left." 

"There's not going to be another Hyperliquid season." 

"This airdrop is going to be another scam." 

"This chart is dead forever." 

I often think:  

"If we're entering the last stage of the cycle, we are about to enter a land of opportunity." 

"I can rotate this airdrop and 5x my capital." 

"There's going to be another Hyperliquid season with massive onchain opportunities and airdrops." 

"This chart is in a long-term accumulation. I will enter by the end of it and print a 10x." 

The latter mindset led me to vastly more success than being a forever-pessimistic Bear. On top of all this, you know what's also true? After this cycle, there's going to be another cycle. And then another. And then another.

You have unlimited opportunities and are lucky enough to be part of the space and time when this is all possible.

Manifest and enjoy playing the game, even if you've been through a hard time. We all have. Best of luck to all you guys, and thanks for reading.

If there ever was a time to lock in, it's now.

stay safe homies,

Hix0n 🫡