CPI This Week + Large Scale Attack?

In Partnership with EarnMax

Simply connect your wallet for 10 free entries into EarnMax’s monthly prize pool here

CPI This Week + Large Scale Attack?

Things have been pretty boring at the top end of the market with ETH down 2% on the week, BTC up 1% and SOL up 5%. OTHERS dominance continues to look ready to rock and we’re seeing more and more signs of an improving alts market → for instance MYX ran up 13x this week, M & WLD doubled, and PUMP, VIRTUAL, ZEC and SPX were up 20%+. We’ve got CPI Thursday which will likely be a higher vol event, and the market is currently pricing in an 88% chance the Fed cuts by 25bps on 9/17. The NASDAQ and Gold hit fresh ATHs again today as well.

Big scare onchain right now is around some “large scale supply chain attack” which according to Arkham has seen $159 dollars stolen… CARDS is currently the onchain mindshare leader though IRYNA is gaining ground and was the best launch of the weekend running to ~$8mm. There have been tons of quiet cooks in the last month with things like CODEC running up like 20x since June, FACY going 16x since August and CARDS going from ~$10mm to $100mm (which was the smart $ favorite for awhile now).

Strength on the day was led by solatrias, but tons of coins seeing strength, including blast from last year ai16z.

The number of gambloors has been consolidating at the current level, and we need some fresh blood for things to really start being fun.

TG trenching volumes have started bleeding out a bit again, but things in the non-new launch onchain market have actually been pretty good these last few weeks.

Interesting projects getting smart follows:

• aerospace

• dm.fun

• Qstay

• Vie.dev

• MYX

SMART MONEY CORNER - Presented by chainEDGE

MEME OF THE DAY