CPC Capital

#Jump has continued to disburse approximately $100M USDC to the #Coinbase exchange about 10 hours ago. Main wallet address: 0xf584F8728B874a6a5c7A8d4d387C9aae9172D621 This means that compared to the peak of over $500M in stablecoins, Jump has now disbursed around 50% of this amount.

The stablecoins on the ETH network have seen significant volatility in the past 24 hours, with a net inflow of nearly $900M to exchanges. The balance on exchanges increased from $29.2B to $30B, indicating spot buying pressure.

JULY NON-FARM DATA Average Hourly Earnings m/m: actual 0.2% < forecast 0.3% Non-Farm Employment Change: actual 114K < forecast 176K Unemployment Rate: actual 4.3% > forecast 4.1% The unemployment rate is higher than expected. Currently, BTC is sweeping liquidity on both ends. 4o

The price of $BTC dipped to 62k but then recovered and closed the day with a green candle. When the price reached this level, several market makers like #Jump and #Wintermute made deposits on exchanges. In the past 24 hours, nearly $300M has been liquidated across exchanges, mostly from LONG positions.

The chains currently with the highest positive netflow are primarily L2 chains, with the top three being #Optimism, #Arbitrum, and #Base. Surprisingly, among the L1 chains, #Injective has had a higher netflow than #Solana over the past three months, with nearly $180M . *Source: Artemis

BTC ETF CASH FLOW YESTERDAY #Grayscale: -$54.3M #BlackRock: +$203.6M #Fidelity: -$5.9M #Ark: 0 #Bitwise: -$21.3M #BTCO: 0 #VanEck: 0 #BRRR: 0 #EZBC: 0 The total net flow is +$122.1M. BlackRock continues to lead the team by consistently purchasing BTC and ETH ETFs. ETH ETF CASH FLOW YESTERDAY #Grayscale: -$210M #Grayscale Mini: +$4.9M #BlackRock: +$58.2M #Bitwise: +$10.4M #Fidelity: +$24.8M #VanEck: +$10.9M #Franklin: +$2.5M #21Shares: 0 #Investco: 0 The total net flow is -$98.3M. Grayscale still appears to be selling ETH ETFs, and despite other funds buying in, Grayscale's selling volume is quite large.

BTC ETF Flows Yesterday #Grayscale: -$26.2M #BlackRock: +$66M #Fidelity: +$1.4M #Ark: +$3.3M #Bitwise: 0 #BTCO: 0 #VanEck: 0 #BRRR: 0 #EZBC: 0 Total net flow is +$44.5M. As always, #BlackRock is the main buyer. ETH ETF Flows Yesterday #Grayscale: -$326.9M #Grayscale Mini: +$45.9M #BlackRock: +$17.4M #Bitwise: +$29.6M #Fidelity: +$74.5M #VanEck: +$19.8M #Franklin: +$3.9M #21Shares: - #Investco: +$2.5M Total net flow is -$133.3M. #Grayscale continues to sell a significant amount of ETH, similar to the situation with BTC ETFs.

Following news of the ETH ETF, #JumpTrading withdrew over $100M (USDC + USDT) from exchanges to their wallets. Jump's stablecoin holdings are at their highest since 2023, raising concerns about liquidity for altcoin projects.

BTC ETF FLOW YESTERDAY #Grayscale: 0 #BlackRock: +$523.3M #Fidelity: +$23.7M #Ark: 0 #Bitwise: - #BTCO: +$13.7M #VanEck: -$38.4M #BRRR: 0 #EZBC: +$7.9M In total, there's a net inflow of +$530.2M. It's the 12th consecutive day of positive inflow, with #BlackRock purchasing almost 99% of it!!

Key points of recent 161 pages Binance report for you ----------------------------------------------------- Top Narratives mentioned -Bitcoin scaling + Bitcoin DeFi -DePIN -DeSoc -RWAs -Gaming [1] Bitcoin Ecosystem: Runes [2] Layer 1: » @ton_blockchain | $TON » @FantomFDN | $FTM [3] Layer 2: @base [4] Liquid Staking: @LidoFinance | $LDO [5] Restaking: @eigencloud | $EIGEN [6] Liquid Restaking: @ether_fi | $ETHFI [7] Lending: @MorphoLabs [8] DEX: @Uniswap | $UNI [9] Yield: @pendle_fi | $PENDLE [10] Derivatives: @SynFuturesDefi, @HyperliquidX, @rabbitx_io [11] Prediction Markets: @Polymarket [12] Stablecoins: @ethena | $ENA [13] Gaming Infrastructures: @Ronin_Network | $RON [14] GameFi: @playbigtime | $BIGTIME [15] Web3 Social: » @LensProtocol » @farcaster_xyz  📷 Editing Photo 

Will there be the first female president in the history of the United States?

PROJECTS WITH MAJOR UNLOCK EVENTS AT THE END OF JULY $ENA - $7.36M - 21/7 (Ecosystem) $ID - $9.1M - 22/7 (Foundation, marketing, airdrop) $WLD - $14.15M - 24/7 (Community, Team, Investor) $ALT - $110.5M - 25/7 (Team, Investors, Advisors, Treasury) $OP - $60.2M - 31/7 (Core Contributors, Investors)

In the past 24 hours, an additional $430M $USDC has been minted, with most of this amount being transferred to #Coinbase from Circle. Additionally, if we only consider orders with a volume greater than $10M , #Wintermute has deposited a total of $144M $USDT and $51M USDC onto Binance in the past 24 hours.

According to Tokenterminal statistics, among the 20 most profitable protocols in 2024, 12 projects belong to the DeFi sector, categorized as follows: [1] Stablecoin: MakerDAO, Ethena [2] Lending: Aave, Venus [3] Staking: Lido [4] DEX: Uniswap labs, Pancakeswap, Raydium, Thena (income from front-end fees) [5] Derivatives: dYdX, Synthetix, MUX [6] Revenue Aggregation: Convex Finance Based on these findings, the DeFi projects show common attributes: market share tends to be stable, the number of competitors is decreasing, and they maintain some pricing power over their services.

Important Macro Milestones in June Jun 12th: Core CPI Jun 12th: Fed funds rate and press conference Jun 13th: PPI Jun 18th: Retail sales Jun 21st: Flash services & manufacturing PMI Jun 27th: Final GDP q/q EU MiCA (Markets in Crypto-Assets) law to go into effect (in part) 30 June

Bitcoin ETF Cash Flow Yesterday #Grayscale: -$37.6M #BlackRock: +$349.9M #Fidelity: +$3.1M #Ark: -$96.6M #Bitwise: -$3.1M #BTCO: 0 #VanEck: +$2M Total net flow is +$217.7M, marking the 16th consecutive day of positive net flow. It’s surprising to see #Grayscale and #Ark selling today; however, all of this was absorbed by #BlackRock.

IMPORTANT MARKET NEWS FOR JUNE » 7/6: Non-farm » 12/6: CPI » 13/6: Federal Reserve Rate » 15/6: Treasury reserves report » 27/6: GDP Report q/q News such as CPI and interest rates will partly determine the market's direction in June, which will, in turn, set the trend for Q3.