Overview
- Dogechain token launch today.
- Celsius fires back.
- Jackson Hole retreat.
- Bitfinex Ethereum chain split tokens.
- NEAR stops hack attempt.
Good morning Banter Fam,
We are halfway through the week, but there is still a lot that is going to take place. We have the FED’s Jackson Hole retreat starting today and taking place until Friday, where Jerome Powell will gather with central bankers to discuss the US economic situation, with a chance to reset expectations.
We also have some major tech company earnings reports coming out, including NVIDIA and Dell.
Without further ado, let’s jump in!
Market update 🌍
BTC/USD 1D
BTC is still experiencing sideways action, for the most part, having closed yesterday at $21,529.12, which was an increase of 0.60% for the day.
At the time of writing, it finds itself at $21,312. That’s a fall of -1.00% so far today.
I expect some volatility to kick in soon, depending on the news coming out of the FED’s retreat with central bankers, as well as the results of earnings reports from any major tech companies.
High-resolution chart
ETH/USDT 1D
ETH saw a good day yesterday, having closed at $1,665.41, a 2.51% increase for the day.
Right now, ETH is trading at $1,634, down -1.90%, having nearly wiped all of yesterday’s efforts. But the day is still young.
High-resolution chart
| US markets close | Gain |
| S&P 500 | -0.22% |
| Nasdaq | -0.0022% |
| Dow | -0.47% |
| VIX | 1.85% |
Notable Gainers (24h):
| Protocol (Coin) | Price ($) | Gain (%) |
| Evmos (EVMOS) | $2.25 | 13.6% |
| Helium (HNT) | $7.28 | 11.2% |
| NEXO (NEXO) | $0.997840 | 10.3% |
| Chiliz (CHZ) | $0.243976 | 9.6% |
| Waves (WAVES) | $5.26 | 10.0% |
| Bitcoin Fear and Greed Index | 25 (Extreme Fear) |
| “Crypto” Google Trends 90d | 39 |
| “Bitcoin” Google Trends 90d | 27 |
Newswatch 📰
Dogechain token launch today. The highly anticipated new Layer-1’s token launch is upon us today.
Celsius fires back. Celsius Network has filed a lawsuit in the U.S. Bankruptcy Court claiming KeyFi stole “Millions of Dollars” in crypto.
Jackson Hole. The US Federal Reserve Chairman, Jerome Powell, and central bankers will be gathering this week for an annual retreat in Jackson Hole, where Powell will talk in regards to the current financial market situation.
Bitfinex Ethereum chain split tokens. Bitfinex launches Ethereum Chain Split Tokens (CSTs) allowing users to trade on the potential fork event in the Ethereum (ETH) consensus protocol that may result in a new ETH Proof of Work (PoW) coin as well as an ETH Proof of Stake (PoS) one.
News Tidbits:
- US home sales data reveals shocking results.
- CoinShares report – Minor outflows.
- Binance introduces zero-fee trading for some assets including ETH and BTC.
At the protocol level ⛓
NEAR perfect security! Near Protocol’s Rainbow Bridge experienced another hack attempt over the weekend. Just like the first hack attempt that took place in May, the project successfully blocked the attack automatically, and attackers lost 5 ETH.
NFT & metaverse update 🐵
- Telegram may launch a new marketplace to allow users to transfer usernames via “NFT-like smart contracts”.
- NFT exchange SudoRare $800,000 rug-pull six hours after launch.
- Nike saw $185M in revenue from NFT sales.
Banter’s take
Sometimes the news may seem slow, but dig a little deeper and you’ll find a lot going on. This week is not over yet, and volatility may be incoming while the FED’s Jackson Hole meeting is ongoing. And don’t forget that the major tech companies reporting their earnings this week can also move the markets if investors get spooked by results that do not meet their expectations. So expect potential volatility in the markets.
Stay safe fam!
Gabri
Follow me on Twitter for daily updates!
Disclaimer
Good Morning crypto (issued by Crypto Banter) is a newsletter for entertainment purposes only.
All opinions expressed by the publisher, writers, and chartists should not be construed as financial advice and do not necessarily reflect the views of Crypto Banter. The publisher, writers, and chartists may hold positions in the tokens and assets discussed. Readers are encouraged to do their own research.
