IgnasDeFi

Bitcoin to Nasdaq correlation sharply dropped to the lowest level since 2018:
It's now negative as Nasdaq is going down while BTC is pumping.
Boomers love this stuff:
They love to make portfolios with uncorrelated assets, thus BTC now looks sexier than ever, especially as 1) Q is concentrated AI trade and 2) it's dumping.
It strengthens BTC's digital gold narrative, proves it's a more mature asset, and hopefully manages to trade higher if/when AI trade deflates further.
TL;DR - bullish!

None of the top trading platforms have tokens:
Together they generate $10m in weekly revenue but it goes to team/equity holders.
Why is that?
Probably because they don't need it:
Having a token would put pressure for revenue sharing which now they can keep.
Maybe having a token would distract from building?
Still, having no token attracts airdrop farmers? If so, they are the ones getting farmed:
BullX ran a long points campaign for a planned $BULLX token airdrop since July 2024.
No token was ever issued and BullX shut down trading.
Terminal (previously Padre) which generates $670k in weekly re

"Investing in AI now is precariously difficult" - @zeroxkyle in his latest blog post.
"Ai equities is like treading a minefield - everyone races to the exit at the first sign of negative news."
Crypto feels the opposite of AI trade:
everything is down A LOT but fundamentals improved with multiple catalysts ahead of us.
We are still early for the capital rotation from AI to crypto.

NFTs are down or flat in USD terms.
But up thanks to ETH lifting all NFTs.
So stablecoins failed to replace ETH denominator for NFTs and top NFT collections might still be a decent ETH proxy trade.
Especially if NTFs start to rally again.

$150K is solid a case for BTC to close the gap with Gold and NASDAQ.
That's about 90% from here.

$1b in short liquidations on these recent 1H BTC and ETH candles.
higher.

Transition from an L1 to Ethereum ZK L2:
That's the vote on Gnosis DAO happening now.
A few years ago, Ethereans would've been happily dancing about this.
Voted yes

Why is Bitcoin researcher proposing to reduce $ETH inflation?
Seems like Bitcoiner mindset has entered Ethereum.

Railgun's $RAIL is down 72% since its hyped integration in Kohaku privacy wallet by Ethereum Foundation.
CT was bullish on $RAIL for months, and most recently in June as a privacy narrative trade.
Yet unlike $ZEC , $RAIL retraced almost all gains.
Still, Railgun's metrics are all near ATHs (fees, growing private volume, high staking (72%), TVL etc).
Fundamentals are strong but $RAIL got overhyped and as a mid-cap liquidity is relatively shallow.
Rail probably will make a comeback when privacy gets hot again.

Polymarket said their own L2 was #1 priority.
That's 9 months ago.
Either their shipping speed is super slow or Polygon managed to convince them to stay.
Their own L2 would be the main reason for $POLY airdrop. Other than a dispute resolution tool (instead of UMA).