🔥 September 19th Quadruple Witching = Chaos Ahead

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!

Feeling hopeful? I’m starting to think the Hell Week setup might be running out of steam—at least as long as BTC holds $111k and keeps hammering $112k. If those levels stick and BTC breaks higher, the first half of September could shape up as a bounce zone.

The back half of the month is where I’d stay cautious, as we head into quadruple witching rate cuts on September 19th (track odds here). I will keep my hands off all leverage around that date; there will be many corpses on the streets, lying around as victims of volatility.

Speaking of volatility, we might get an early taste today, as Trump announced an “emergency meeting” on final tariff rulings. Let’s see which way the Orange Man sends the markets this time.

Bigger picture, I still think the real focus belongs on altcoins. Looking at OTHERS.D. dominance here, things are setting up perfectly for the last, explosive hooraah.

When it comes to BTC dominance, the bounce might be short-lived. Here’s a great explanation adding confluence to why I think altcoins are the play from here.

To go more granular, I would focus on SOL. Solana has already shown a lot of strength since we started debating the comeback the past few weeks, and it’s continuing to set up as the next primary major mover.

And zooming further in: the primary major play of the Solana eco that’s in my sights is PUMP, especially after yesterday’s “Project Ascend” announcement. If you want the thesis on why PUMP is the next HYPE like play, visit yesterday’s Degen corner.

As always, we have to be aware of bearish scenarios. There’s a weekly triple bearish RSI divergence flashing on Bitcoin. Now, these very long-term indicators can easily be broken, but we will definitely be watching how the global liquidity outlook evolves going into Q4.

More on this later, stay tuned.

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The important bits.

• Giza thesis explained in a new article by Booba, read here

• YieldBasis prepares for mainnet launch, prepare and read here

• Almanak native AI agents now offer token reward incentives, try it here

• Jumper offers Solana Seeker Phones as a rewards, try to win here

• Plasma announces partnership with Stablestats, read here

• Fuel Network’s Microchain offers up to 35% APR on ETH pairs, vaults here

• Stargate Finance announces integration with Velora, read here

• Soneium announces reward season with Stargate, join here

• INFINIT announces expansion to HyperEVM, read here

• Saga offers up to 85% APR on USDC pairs, check the vaults here

• Linea announces airdrop eligibility tracker for September 10, read here

• Bonk announces integration of KICK streaming platform, read here

• Arbitrum introduces DeFi Renaissance Incentive Program, read more

Even more important bits.

• Etherealize explains the next chapter for ETH on Wall Street, read here

• blocmates explains the rise of Solana DATs, read here

• blocmates hosts a livestream with Digits Capital, watch here

• Ether Machine has raised $654M in private financing with 150,000 ETH, read here

• Solana's SIMD-0326 Alpenglow proposal to reduce transaction finality has passed, read here

• The SEC met with Robinhood to discuss the regulation of crypto assets, read here

• Ethereum Foundation announces intent to sell 10k ETH worth $43 million, read here 

• SEC & CFTC allow spot trading of crypto on US-registered exchanges, read here

• Trump’s crypto venture “American Bitcoin” is set to list shares, read here

Charts and stats of the day.

• Ethereum validator entry queue hits 2-year high with over 860k ETHm, chart here

• Usage on Tron reached new all-time highs, chart here

• Over $1.3M have been claimed in creator fees in the first 12 hours on PumpFun, stats here

• SharpLink buys 39,008 ETH, total holdings to 837,230 ETH, read here

• Strategy acquires 4,048 Bitcoin worth $449.3M, read here

• The Bitcoin ETFs posted $332.8M in net inflows yesterday, chart here

PENGU

The last time I had a feeling like this around PENGU was before the previous massive leg-up you see on the chart. Now, look how similar the structures are.

It depends on the broader markets, but the current strength and capital rotation to SOL makes me think PENGU is getting ready (to the upside).

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).

Card mania.

The Pokémon card mania finally found its way to crypto. Collector Crypt (here’s a great thread on it) absolutely blew up the past few days, confirming that the RWA / NFT onchain combo is a perfect recipe to find product market fit.

Straight to business here: what other players should we focus on in this arena?

1. Grailed

Grailed is a very interesting one. They started without VC funding as a launch on Heaven DEX (native token is MAGIK, currently at $12m market cap and looking to continue higher), they have a $750k war chest composed of Pokémon cards, and are seeing significant adoption.

A project like this captures a perfect PMF plus stands out in revenues. I’m interested.

1. Rip.Fun 

RIP.FUN is currently in beta, but I will put this one on notifications and try sniping the upcoming card releases. The last batch sold off very quickly, so it’s worth having funds ready and keeping our eyes peeled.

To save you doom scrolling.

Remember our NUB thesis? It worked out like a charm. But at the time we were writing about it, many people discarded it as “focusing on dead coins”.

Personally, I believe the strategy explained below is the best way to approach these markets.

If you’re a video content creator, this new PumpFun meta might be just for you.

If I were a streamer, I would certainly not let a new platform with low competition and a high reward environment pass me by. Check it out!

stay safe homies,

Hix0n 🫡