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[CPC Capital @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.

[CPC Capital @CPC_Capital]

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.

[CPC Capital @CPC_Capital]

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

[CPC Capital @CPC_Capital]

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.

[CPC Capital @CPC_Capital]

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

[CPC Capital @CPC_Capital]

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.

[CPC Capital @CPC_Capital]

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.

[CPC Capital @CPC_Capital]

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.

[CPC Capital @CPC_Capital]

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!!

[CPC Capital @CPC_Capital]

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

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[CPC Capital @CPC_Capital]

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

[CPC Capital @CPC_Capital]

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)

[CPC Capital @CPC_Capital]

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.

[CPC Capital @CPC_Capital]

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.

[CPC Capital @CPC_Capital]

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

[CPC Capital @CPC_Capital]

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.

[CPC Capital @CPC_Capital]

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.