Moonbags Markets

Looks like we're getting miner capitulation again

🥳🚀 #UNI Uniswap announced the creation of a new layer 2 network on the OP Stack. The test network is scheduled to launch today.

US INITIAL JOBLESS CLAIMS OCT 5: 258K (EST 230K; PREV 225K) - CONTINUE CLAIMS SEPT 28: 1861K (EST 1830K; PREV 1826K) ...

U.S. CPI: +2.4% YEAR-OVER-YEAR (EST. +2.3%) U.S. CORE CPI: +3.3% YEAR-OVER-YEAR (EST. +3.2%)

Warning sign however, I want to be impartial There has been some cashing out on USDC in the past week Worth keeping an eye on, nothing crazy so far

MSTR green while BTC red past few days

Economist Tyler Cowen said that Ethereum founder Vitalik Buterin is a strong contender for the Nobel Prize in Economics. They likened Ethereum's transition from POW to POS to changing tires while a car is driving. Alex Tabarrok believes that Satoshi Nakamoto should also win the prize, but he is dead. — link Reasons include: None of the economists have made any contribution to cryptocurrency. Vitalik created a currency that refuted Mises' regression theorem (currency was originally trusted through its intrinsic value as a physical commodity like gold). Ethereum switched from POW to POS without stopping. He is very polite. He donated a lot of money to charity. He has deep thoughts on world economic problems and mechanisms. Satoshi Nakamoto should have gotten it too, but he is dead. — link

If capo ends up being right 😱

Finally a wells notice delivered to well deserving criminals

*CRYPTO (DOT) COM RECIEVED WELLS NOTICE FROM SEC SOURCE: DB | COINS: DOT ...

Big moves up lead to big moves down

🚨🚨 BREAKING: Hong Kong 🇭🇰 Hang Seng plummeting by more than 6.4%, on track for the biggest loss in 16 years. @Fin_Watch

The whale who received 150,000 ETH through ICO transferred another 5,000 ETH ($12.22 million) to Kraken today. He has sold 45,000 ETH ($113.2 million) in the past half month, with an average price of $2,516. He has sold 60,000 of the 150,000 ETH he received through ICO ($149.68 million). According to @EmberCN — link

Lines up with daily correction on BTC and weak October for stocks

Powell spoke and seems he is hawkish

*FTX PLAN REPAYS CRYPTO CUSTOMERS IN CASH WITH INTEREST: BBG

ETH if it can hold above current levels, may start face ripper beginning next week Get ready

BTC currently in a daily correction but weekly looks strong and recovering from the q2/q3 dumping So much for not looking at charts 🤣

Market update Still just buying the shallow dips Stock market likely remains weak for this month but with some god candles mixed in between, expecting one on Thurs/Friday