Hello all. Below is the weekly cheat sheet. Monthly whale watching will be out for paid subs in a few hours - I delayed it a few days to pick up more of the degen flows given we have seen risk come back on.
ETH is up 19% over the past week, trading at ~$1,598 at writing, while BTC was up 6% at $20.6k. This compares to the S&P which was up 1.9% over the week, and the NASDAQ which was flat. FOMC meeting is Wednesday so expect some volatility.
💰Smart Money Flows:
7-Day Largest Inflows (Nansen):
aUSDC: $8mm
MKR: $7mm
FTM: $7mm
XMON: $1mm
7-Day Largest Outflows (Nansen):
cUSDC: -$50mm
cDAI: -$44mm
cETH: -$42mm
USDT: -$14mm
wBTC: -$12mm
APE: -$1mm
📰 This Week’s Crypto News:
Elon Musk completes deal to acquire Twitter + DOGE Surges
a16z’s largest crypto fund down 40% in first half of 2022
Major crypto miner Core Scientific may file for bankruptcy
NEAR’s USN Stablecoin to shut down
SUSHI Approves Restructuring
Twitter Will Allow Users to Buy and Sell NFTs Through Tweets
📖 Weekend Reads / Watches:
Token Value Accrual
FAN TOKENS: Tokenizing Fandom and Onboarding Millions of Sports Fans to Web3
Mega Thread on Airdrop Opportunities
Do DeFi Protocols need a Token to work
The Man Behind a $100 Million Dollar Trading Strategy...or Hack?