7.23 Degens Morning Brief:
Only the strong survive—recent markets keep proving that following the trend is the way to go. Just chase the pumps and dump the dips. News-driven pumps can die just as fast on the news, like $CFX deleting posts 😂.
1. $BTC: The OG still flexes. Despite US stocks dipping and ETH pulling back, BTC is holding it down, slow and steady up to 120K. Musk’s SpaceX moved some Bitcoin for the first time in 4 years.
2. $ETH: Pulled back a bit despite the top traders’ guidance, but not much—those relentless whales are still in play. 4K ETH soon? Ape in if you believe.
3. $SOL: Doing its own thing, not dragged down by the majors, but the wild moves have some thinking the end is near.
4. Sonic announced Season 1 airdrop is live—users can now claim 25% of the allocation. Heard even sybils can get in on this one.
5. Bitcoin and Ethereum ETF issuers submitted revised physical redemption proposals, signaling “positive progress” with the SEC.
6. Trump announced a trade deal with Japan: 15% tariff, plus $550B investment into the US. He’s also set for EU trade talks on Wednesday.
7. SEC approved Bitwise’s crypto index fund conversion—then paused it.
8. 21Shares filed for an ONDO ETF.
9. Tokenized stocks face pushback from Wall Street giant Citadel Securities in a letter to the SEC.
10. Coinbase International Exchange to list SUSHI and ERA perpetuals.
11. Coinbase adds BNKR, JITOSOL, and MPLX to its listing roadmap.
12. US Treasury Sec says the Fed should cut rates now—by 3%. Trump says Powell is out soon anyway. White House staff to visit the Fed HQ on Thursday. Goldman Sachs expects rates to stay put next week, but cuts coming as the job market cools.
13. US DOJ drops probe against Kraken co-founder Jesse Powell over nonprofit allegations.
14. Senate GOP drops crypto market structure discussion draft, aiming to build on the House-passed Clarity Act.
15. ARK Invest scoops up $182M in BMNR common stock to boost their ETH treasury strategy. “Sister Muzi” just ape’d in.
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As we all know, patience is key. Buy what you like first, research later. If you wait for a dip, you might just miss the train.
GM frens.
#Bitcoin #Ethereum #Solana #CryptoScam