Skorrek

Crypto enthusiast/web3 native
• Looking for ways to create value within web3
• Growing the pie - driving adoption
• No maxi in any aspect of life

[James Lavish @jameslavish]

Translated: "You will soon need approval for every single transaction you attempt. If we decide we don't want you to buy that steak or take that trip or fill that car with gas (all in the name of climate control, of course) then we will simply deny that transaction. And if you speak out against us, we may just seize your money altogether."

[Wide Awake Media @wideawake_media]

Investigative journalist Whitney Webb: The World Economic Forum is pushing "for every person's access to the internet to be tied to a digital ID".

"If your ID is linked to your internet access, intelligence agencies know exactly what media you are consuming... and also what you post online. And that has been the goal for a very, very long time."

"People aren't necessarily going to consent to that unless they are made to believe that anonymity and privacy online are dangerous."

"So how exactly can you convince people that that needs to happen? Well, you have some sort of event where anonymous hackers do something online that causes major disruption globally."

"And then the consent can be manufactured through fear and panic... that anonymity and privacy needs to be eliminated, that we need to know exactly who is doing what online to prevent a calamity of that scale from ever happening again."

"And this is the exact solution that these guys have been cooking for a very long time."

Credit: @_whitneywebb

[GMCI @gmci_]

You Put Everything into $LUNA in 2022? Or Went All-in on $OM? Single Token Risk is Real.

If you've been burned by individual token failures, you need to understand concentration risk, when your portfolio depends on just one or a few assets that can go to zero overnight.

The problem: picking individual "winners" is like playing crypto roulette.

GMCI indices solve this. 👇

[OpenDelta @opendelta_]

🚨🚀 OG30 LAUNCH ANNOUNCEMENT

Today is the day! Our flagship crypto index product OG30 is now LIVE in BETA on Solana. 👏📈

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🧵👇 Here’s everything you need to know

[Skorrek @_skorrek]

Wow, that's pretty cool. Sounds like the S&P 500 of Crypto, sign me up!

[The Solana Post @thesolanapost]

🚨 @opendelta_ launches OG30 on Solana, a crypto-native index tracking the top 30 assets by market cap including BTC, ETH, SOL, BNB & XRP. Diversified exposure + staking yield in a single token.

[GMCI @gmci_]

https://t.co/zsmAigd7bk

[GMCI @gmci_]

Weekly Market Recap ☀️
​
Stocks hit fresh records, Bitcoin eyes new highs, and gold holds firm.
Trump’s bill shakes up policy, ETFs drive flows, and Solana memes lead the charge.
​
Here’s what moved global markets this week 👇
​
--------------------------------------------------------------------
• Global Markets Weekly Recap 🏦

➡️ The Nasdaq 100 achieved a new record high of 22,685 on June 30, still trading slightly below this milestone today (+1.8%).

The S&P 500 also maintained its position in record territory, climbing to 6,227 at the time of writing (+2.2%).
​
This performance capped off a turbulent but ultimately positive first half of 2025 for US indices.

➡️ European markets showed more modest performance, with the STOXX 50 increasing by 1.4%, exceeding the 5,300 level.
​
Year-to-date, the STOXX 50 has gained 9.2% despite experiencing significant intraday fluctuations.

➡️ Gold maintained its elevated position near record levels, trading at $3,365 per ounce as of July 3 (+0.2%).
​
The precious metal has experienced remarkable growth of 44% over the past 12 months, breaking through the $3,000 milestone in March and reaching new records above $3,400 in April.

➡️ Bitcoin ended the first half of 2025 above the $100,000 level, and gained new momentum yesterday as Trump's "big, beautiful bill" passed through the Senate and is now heading for a final vote.
​
Trading at $108,927, up 1.5% over the week, the cryptocurrency seems to be marching toward new all-time highs.

➡️ The GMCI 30 ($GM30), an index of the top 30 digital assets, stands at 164 (+5.3%), revealing a bid for more risk-on assets.
--------------------------------------------------------------------
• Macro Environment & Policy Developments 🔁

➡️ The macro landscape this week was shaped by a mix of economic data, policy signals, and Trump's spending bill.

Economic data revealed significant labor market softening, with the ADP employment report showing an unexpected decline of 33,000 private sector jobs in June, well below the anticipated 100,000 increase.
​
This marked the first negative reading since the pandemic recovery, with professional and business services leading the decline.
​
The disappointing data has increased expectations for Federal Reserve rate cuts, with markets now pricing in a 25% probability of a July rate cut.

➡️ Trade tensions remain elevated as the July 9 tariff deadline approaches. The current 90-day suspension of reciprocal tariffs is set to expire, potentially reinstating rates of 34% on Chinese goods.
​
The Trump administration has been conducting bilateral negotiations with 18 trading partners, though limited progress has been disclosed.
​
Current tariff structures include a 10% baseline on all imports plus a 30% rate on Chinese goods.
(Combining the 10% reciprocal and 20% fentanyl tariffs).

➡️ President Trump's massive domestic policy legislation reached a critical juncture as House Republicans advanced the controversial spending bill after an overnight procedural vote that lasted over seven hours.
​
The sweeping 800-page package, dubbed the "One Big Beautiful Bill," aims to extend $4.5 trillion in tax cuts while slashing nearly $1 trillion from Medicaid and reducing social safety net programs.
​
The legislation faces resistance from both moderate Republicans concerned about program cuts and conservatives worried about adding trillions to the national debt.
​
Republican leadership is racing to meet Trump's self-imposed July 4 deadline for final passage, with the President expressing frustration on Truth Social about GOP holdouts who initially stalled the bill's progress.

➡️ In digital assets, US spot Bitcoin ETFs recorded a 12-day streak of net inflows, totaling $3.9 billion, with June 25 alone seeing $547.7 million in new capital.
​
BlackRock’s IBIT led with $340.3 million in daily inflows, underscoring robust institutional demand.
​
This sustained ETF activity has been a key driver behind Bitcoin’s recent price strength.
--------------------------------------------------------------------
• Sector-Specific Insights 🔍
​
➡️ Stocks are coming onchain! This week has seen major announcements by Robinhood and other big players in the industry.
​
@Krakenfx’s xStocks platform recently launched, offering 60 U.S. stocks and ETFs as tokenized assets minted by Backed, enabling 24/5 trading and self-custody for global investors.
​
These tokenized shares can be used in DeFi protocols for lending or collateral, enhancing their utility beyond traditional equities.
​
While tokenized stocks represent just 1.5% of the $24 billion real-world assets onchain, rapid growth and institutional partnerships signal untapped potential.

➡️ Another big debut was the REX-Osprey Solana + Staking ETF, marking the first U.S.-listed ETF to combine spot Solana exposure with on-chain staking yields.
​
The fund saw $12 million in inflows and $33 million in trading volume on its first day, underscoring strong investor interest.
​
Institutional investors now have regulated access to both $SOL price movements and staking rewards, with Anchorage Digital acting as custodian and staking partner.
​
➡️ This promptly caused GMCI's Solana Select Index to surge 15% this week, only being beaten by the Solana Memes Index (+21%).
​
Speculative capital seems to be ready to jump into the digital assets world, and crypto degens are jumping straight into memes.

You can check whether this trend will see a short-term reversal back to large caps by following GMCI indices on https://t.co/VJy5ijScWl.
​
See you next week! ☀️

[GMCI @gmci_]

OG30 hasn’t even launched yet.

But it’s already drawing attention from analysts, builders and treasury managers across crypto.

Why? The numbers speak louder than hype.👇

[GMCI @gmci_]

Weekly Market Recap ☀️
​
Equities rally to new highs, Bitcoin surges, but altcoins lag behind.
​
Gold cools off, Fed holds steady, and ETFs fuel institutional flows.
​
Here’s what moved the markets 👇
​
--------------------------------------------------------------------
​
• Global Markets Weekly Recap 🏦
​
➡️ Global equity markets posted robust gains over the past week, with risk appetite surging and several indices reaching new highs.
​
• The Nasdaq 100 rallied from 21,834 on June 20 to 22,279 by June 25, reflecting a strong advance of about 2% as technology stocks led the charge.
​
• The S&P 500 also notched record levels, supported by momentum in large-cap stocks and optimism around corporate earnings; the index remains above 5,900, up over 2.6% week-over-week.

• In Europe, the Euro Stoxx 50 hovered near 5,188, slightly up by 0.5% over the week, though still off its May peak, as investors weighed ongoing fiscal and trade policy developments.

• Gold prices, meanwhile, softened as investors rotated into equities. After spiking to $3,391 per ounce amid geopolitical tensions, gold retreated to around $3,330 by June 26, marking a 1.4% weekly decline and four consecutive days of lower closes.
​
The retreat reflects waning safe-haven demand as a fragile ceasefire in the Middle East held, and US consumer confidence dipped. Year-over-year, however, gold remains up over 43%.
​
• Bitcoin rebounded sharply, climbing from $100,800 on June 23 to $107,000 on June 26—a gain of more than 6% in just three days.
​
This surge was underpinned by continued institutional inflows and renewed optimism in digital assets.
​
Bitcoin’s year-over-year appreciation stands at a remarkable 73.6%.

• The GMCI 30 ($GM30), an index of the top 30 digital assets, stands at 155 (-1.4%), revealing the comparative underperformance of more risk-on assets.

--------------------------------------------------------------------
​
• Macro Environment & Policy Developments 🔄

➡️ The macro landscape this week was shaped by a mix of economic data, policy signals, and ongoing peace talks.
​
• US economic releases painted a mixed picture: the S&P Global US Manufacturing PMI rose to 52, signaling moderate expansion, while the Conference Board’s Consumer Confidence Index fell sharply to 93 (vs. 99.8 expected), reflecting persistent tariff uncertainty and a cooling labor market.
​
Initial jobless claims are expected to decline, but continuing claims remain elevated, suggesting prolonged unemployment spells.
​
• Federal Reserve Chair Jerome Powell maintained a cautious stance in congressional testimony, signaling no imminent rate cuts and highlighting the need to monitor inflation, tariffs, and global uncertainties.
​
Market expectations for rate cuts have moderated: futures now price in a 68% chance of a 25 bp cut by September, with fewer investors expecting multiple reductions this year.
​
In digital assets, US spot Bitcoin ETFs recorded a 12-day streak of net inflows, totaling $3.9 billion, with June 25 alone seeing $547.7 million in new capital.
​
@BlackRock’s IBIT led with $340.3 million in daily inflows, underscoring robust institutional demand.
​
This sustained ETF activity has been a key driver behind Bitcoin’s recent price strength.
​
--------------------------------------------------------------------
​
• Sector-Specific Insights 🔍
​
➡️ While the crypto world gathered in Brooklyn for Permissionless IV, prediction markets made the news.
​
@Kalshi raised $185 million and @Polymarket is nearing a $200 million deal, both at billion-dollar valuations.
​
@Polymarket's recent integration with @X will make prediction markets available to a broader audience.
​
➡️ Crypto markets took a hit this week, with small caps declining the most.
​
• GMCI's Base Select Ecosystem index is down 14% compared to last week, while GMCI's flagship index, the GMCI 30, is down 1.4%.
​
Sentiment and capital attention have shifted toward stablecoins and crypto-adjacent equities, starving altcoins of capital inflows.
​
Will capital allocators stick to TradFi instruments to get crypto exposure?
​
Altcoins certainly face increased competition from products that did not exist in previous cycles.
​
We'll keep you posted on all developments, but feel free to follow our indices in real time.
​
See you next week!

[GMCI @gmci_]

Altcoins are going institutional but not onchain

June 2025 changed the game for crypto ETFs
• XRP ETFs in Canada
• SOL filings at the SEC
• IBIT hit $70B
• Trump Media filed for BTC and ETH

The momentum is real but something is missing 👇

[Skorrek @_skorrek]

BONK set me up to earn $BONK every day for the next 6 months ❗️❗️❗️ #LetsBONK

https://t.co/qTNqbEqqWu

[BONK!!! @bonk_inu]

Enjoy the BONK event tonight?

Tomorrow, FIND GORDO and post him on X to win a saga phone with millions of $BONK, plus wear BONK merch to collect limited edition @BVB merch👀

The Dog has Gordo cards at the BONK lounge with $BONK for the next 6 months for degens who find him too🐾

Will be FCFS so get to the BONK lounge first❗️❗️❗️

[GMCI @gmci_]

GMCI Indices Performance: First Q1 of 2025 Analysis. ☀️
​
As we wrap up the first quarter of 2025, let's take a look at the performance of GMCI indices so far.
​
In this post, we’ll break down the analysis by index categories. 👇

1️⃣ Broad Market Indices.

Broad Market Indices track the overall performance of the digital asset market, providing a snapshot of the market’s health and general movements.

Currently, 4 key indices make up this category at GMCI:

• GMCI30: Represents the top 30 cryptocurrencies, including Bitcoin and Ethereum, providing a snapshot of the market’s core strength.

• GMUSA: Tracks top U.S.-based protocols by circulating market cap, offering insights into infra and application layer projects in the U.S.

• GMMID: Covers mid-cap crypto projects, balancing stability with growth potential, offering diversified exposure across sectors.

• GMSMALL: Focuses on smaller, emerging crypto projects with high growth potential while ensuring liquidity and sector diversity.

2️⃣ Broad-Market Indices Q1 2025 Performance.

In Q1 2025, the GMCI Broad-Market indices reflected a crypto market under pressure from a challenging macroeconomic environment, partly driven by U.S.-imposed trade tariffs.

Tariffs on all major trading partners reignited inflationary fears and sparked trade war concerns, eroding investor confidence.

This triggered a capital flight from risk assets like cryptocurrencies to safe havens like gold, which hit record highs (above $3,000/oz).

The indices saw losses ranging from -26% to -59%, underscoring the relative resilience of large-cap assets and the vulnerability of smaller projects.

• GMCI USA Select (GMUSA) – YTD: -26% 🥇
Top Constituents: $XRP, $SOL, $DOGE.

Outpaced other indices with a -26% drop, lifted by U.S.-based protocols amid tariff turbulence. XRP (-10%) surged with the SEC dropping its appeal in March 2025, clearing the path for ETF optimism—Ripple CEO Brad Garlinghouse predicts approvals by late 2025—while SOL (-40%) faltered as Trump-era tariffs and an Argentine Libra scam soured memecoin hype, a key Solana driver. DOGE (-50%) slumped after Musk’s March 31 denial of government use dashed speculative hopes. U.S. focus and regulatory wins cushioned losses in a risk-off market.

• GMCI 30 – YTD: -27% 🥈
Top Constituents: $BTC, $ETH, $XRP.

Showed relative stability, anchored by blue-chip assets. BTC (-12%) held as a "digital gold" hedge, while ETH (-46%) slumped amid a Bitcoin-led drop below $86k on March 28, triggered by tariff fears. The decline stems from lower activity on Ethereum and reduced demand for ETH, with growing reliance on Layer 2 solutions diverting trading volumes and profits to L2s, leaving ETH below $2,000 with no rebound. XRP (-11%) outperformed, boosted by the SEC dropping its appeal in March, paving the way for ETF hopes by late 2025. Diversification softened deeper losses.

• GMCI Mid Cap (GMMID) – YTD: -53% 🥉
Top Constituents: $RENDER, $FIL, $TIA.

Plunged 53% as mid-cap projects faltered in a risk-off market shunning growth for safety. RENDER (-56%), a decentralized network renting GPU power for AI and 3D rendering, lost speculative momentum, FIL (-47%), a blockchain-based storage system for user data, struggled to maintain traction, and TIA (-45%), a modular blockchain separating consensus from data availability, faded without much on-chain activity, highlighting mid-caps’ vulnerability to macro uncertainty.

• GMCI Small Cap (GMSMALL) – YTD: -59%
Top Constituents: $FARTCOIN, $BEAM, $APE.

Suffered the most with a -59% drop, exposing small-cap fragility in a risk-averse market pivoting to gold. $FARTCOIN (-58%), a meme coin thriving on humor and hype, crumbled as speculative fervor faded without strong utility to anchor it, BEAM (-75%), tied to privacy-focused gaming on the Merit Circle ecosystem, nosedived as niche gaming bets lost traction amid low trading volume, and APE (-64%), linked to Bored Ape Yacht Club NFTs, sank as the NFT craze cooled and liquidity dried up, underscoring how small-caps’ weak fundamentals and dependence on fleeting trends amplified their collapse in a tariff-hit downturn.

3️⃣ Sector Indices.

Sector Indices track the performance of specific industries within the crypto ecosystem, providing focused insights into individual sectors.

Here are the sector indices in GMCI:

• GMMEME: Tracks leading meme coins by market cap, capturing the fun and community-driven nature of crypto culture.

• GML1: Focuses on top Layer 1 blockchain assets, spotlighting the core infrastructure of the blockchain universe.

• GML2: Tracks Layer 2 solutions and sidechains, focusing on scalability and efficiency improvements in blockchain platforms.

• GMAI: Showcases AI projects in the blockchain space, emphasizing decentralized machine learning and AI processing capabilities.

• GMDEFI: Covers leading DeFi projects, focusing on decentralized financial systems, lending, borrowing, and trading.

• GMDEPIN: Tracks DePIN projects that use blockchain to revolutionize physical infrastructure and real-world applications.

• GMGM: Follows gaming platforms and projects using blockchain to transform interactive entertainment and decentralized gaming ecosystems.

• GMUT: Focuses on utility-based protocols and tools, including smart contracts, decentralized apps, and infrastructure for blockchain and AI.

4️⃣ Sector Indices Q1 2025 Performance.

The GMCI Sector Indices, which track specific industries within the crypto ecosystem, all posted significant declines in Q1 2025, ranging from -30% to -63%.
​
This reflects a market battered by macroeconomic headwinds, notably U.S.-imposed tariffs that heightened inflation fears, sparked trade tensions, and drove capital from risk assets like crypto to safe havens like gold.
​
The performance hierarchy—GML1 (-30%), GMDEFI (-40%), GMUT (-53%), GML2 (-54%), GMDEPIN (-55%), GMAI (-56%), GMMEME (-59%), GMGM (-63%)—underscores a preference for foundational infrastructure over speculative or niche sectors in a risk-averse environment.
​
• GML1 (Layer 1) – YTD: -30% 🥇
Top Constituents: $BNB, $SOL, $ETH
​
Led with -30%, backed by Layer 1s’ core role in a tariff-hit market. BNB (-25%), Binance’s ecosystem token, stayed firm, SOL (-25%), this cycle's darling, held up somewhat despite memecoin dips, and ETH (-35%), DeFi’s foundation, endured a market-led drop, along with lower on-chain activity.
​
• GMDEFI (DeFi) – YTD: -40% 🥈
Top Constituents: $LINK, $OM, $UNI.
​
The index shed 40% as DeFi wavered under lower trading activities and a general risk-off environment, exposing its risk sensitivity. LINK (-42%) remained resilient, trading at $19.49 with its oracle utility driving steady adoption—nearly 30 integrations in the past week alone. Meanwhile, OM (+60%) rocketed to $5.63, up 50% in a week, fueled by a $1B tokenization deal with Dubai’s DAMAC Group. Meanwhile, UNI (-58%) took a steep dive, likely pressured by a cooling decentralized exchange (DEX) landscape.
​
• GMUT (Utility) – YTD: -53% 🥉
Top Constituents: $TIA, $WLD, $GRT.
​
The GMUT index plunged 53% in Q1 2025 as utility projects faltered in a risk-off market driven by U.S. tariffs and gold’s rise above $3,000/oz. TIA (-45%) faded due to slow adoption, WLD (-66%)—Worldcoin’s iris-scanning ID token—tanked amid privacy fears despite big backing from Sam Altman and $100M in VC funds, and GRT (-60%) held firmer with DeFi indexing but couldn’t dodge the sector’s rout. Utility’s bold ideas buckled under macro pressure.
​
• GML2 (Layer 2) – YTD: -54%
Top Constituents: $MNT, $POL, $ARB.
​
The GML2 index slumped 54% as Layer 2s tied to Ethereum faltered in a risk-off market. MNT (-42%) lost steam despite Q2 plans for Mantle Banking and a tokenized fund, holding support at $0.72 but capped below $0.80 resistance. POL (-59%) hit a 1,500-day low of $0.196 after breaking $0.34 support, with no DeFi rebound in sight. ARB (-59%) sank to a new all-time low of $0.29 on March 11, dragged by Ethereum’s 46% YTD drop amid tariff fears, though a relief rally eyes $0.50. Layer 2s faded as Ethereum’s woes sidelined scalability bets.
​
• GMDEPIN (DePIN) – YTD: -55%
Top Constituents: $TAO, $RENDER, $FIL.
​
The GMDEPIN index slid 55% as DePIN projects collided with tariff-driven cost pressures in Q1 2025. TAO (-60%) cratered to $205—its lowest since August 2024—after a 60% drop since January, trapped in a descending channel with bearish momentum. RENDER (-56%) buckled under compute economics, while FIL (-65%) lost ground to centralized rivals, exposing DePIN’s real-world bets as fragile in a risk-off climate.
​
• GMAI (AI) – YTD: -56%
Top Constituents: $RENDER, $TAO, $FET.
​
The GMAI index shed 56% as AI’s speculative hype faded in a gold-favoring market. RENDER (-60%) and TAO (-57%) reeled from tariff-driven cost spikes, while FET (-67%) hit a 5-month low of $0.97 on January 28, 2025. Despite rebounding to $1.02 with an oversold RSI signaling support, $FET’s 4-hour chart shows resistance via a bearish Supertrend, risking a drop to $0.95—or a rally to $1.44 if bulls hold. AI’s shine dulled as macro pressures outweighed innovation.
​
• GMMEME (Meme Coins) – YTD: -59%
Top Constituents: $DOGE, $SHIB, $PEPE.
​
The GMMEME index nosedived 59% in Q1 2025 as meme coins, once darlings of speculative frenzy, collapsed without the hype to sustain them. DOGE (-50%) clung to its cultural staying power, buoyed by a loyal community and echoes of past Elon Musk-driven pumps, yet still couldn’t escape the broader rout. SHIB (-47%) bled out steadily, its massive supply and fading “Dogecoin killer” narrative offering little resistance to the downturn. PEPE (-64%) tanked hardest.
​
• GMGM (Gaming) – YTD: -63%
Top Constituents: $IMX, $GALA, $AXS.
​
The GMGM index tanked 63% as blockchain gaming crumbled under waning NFT hype and slashed player spending. IMX (-66%) slumped after a massive token sell-off eroded confidence, with network activity drying up. GALA (-62%) faltered amid volatility, its momentum stalling. AXS (-61%) faded as play-to-earn lost steam, dragged by bearish sentiment. Tariff pressures and a risk-off shift to gold crushed these speculative gaming bets in Q1 2025.
​
5️⃣Ecosystem Indices
​
Ecosystem Indices track the performance of blockchain ecosystems and their native tokens, showcasing growth and innovation within these specific platforms.
​
Here are the GMCI ecosystem indices:
​
• GMETH: Tracks leading projects built on Ethereum, focusing on DeFi, meme tokens, infrastructure solutions, and decentralized apps driving Ethereum’s ecosystem growth.
​
• GMSOL: Focuses on projects built on Solana, highlighting DeFi, meme tokens, and innovative decentralized applications within the Solana ecosystem.
​
• GMCOSM: Tracks top protocols built using the Cosmos SDK, covering DeFi, smart contracts, cross-chain communication, and more within the Cosmos ecosystem.
​
6️⃣ Ecosystem Indices Q1 2025 Performance.

The GMCI Ecosystem Indices stumbled in Q1 2025 as U.S. tariffs shook markets, curbed risk tolerance, and lifted gold’s shine; GMCOSM (-15%) stood out with its balanced resilience, GMETH (-48%) grappled with heavy exposure to a faltering DeFi scene, and GMSOL (-54%) took a harder hit from speculative and cost-sensitive pressures, revealing a market leaning toward ecosystems with steadier ground in an unsteady climate.
​
• GMCOSM (Cosmos Ecosystem) – YTD: -15% 🥇
Top Constituents: $CRO, $OM, $TIA.
​
The GMCOSM index led ecosystem performance with a modest -15% drop in Q1 2025, showcasing Cosmos’ resilience amid a tariff-rattled market. CRO (-38%) thrived on https://t.co/4iFEj3yBMP’s centralized pull, spiking to $0.090 on March 17—a 26% jump from its monthly low—after a vote passed to create 70 billion new tokens for strategic reserves, offset by a proposed burn of 50 million coins ($4M worth). OM (+60%) soared with tokenized asset momentum, bolstered by a $1B deal with Dubai’s DAMAC Group, defying the downturn with real-world adoption. TIA (-45%) lagged, its modular blockchain vision struggling to gain traction, tempering ecosystem gains with growth pains.
​
• GMETH (Ethereum Ecosystem) – YTD: -48% 🥈
Top Constituents: $LINK, $ETH, $UNI.
​
The GMETH index fell 48% as Ethereum’s ecosystem wilted under tariff-driven risk aversion. ETH (-46%) held as DeFi’s core despite a drop below $2,000 after a Bitcoin-led sell-off on March 28. LINK (-42%) stayed solid at $19.49, buoyed by oracle utility and recent integrations. UNI (-58%) sank, likely due to a fading DEX landscape, exposing speculative weakness. Infrastructure endured, but DeFi’s risks showed.
​
• GMSOL (Solana Ecosystem) – YTD: -54% 🥉
Top Constituents: $SOL, $TRUMP, $RENDER.
​
Plunged 54% as Solana’s ecosystem hit a risk-off wall. SOL (-40%) leaned on scalability, TRUMP (-85%) crashed as a meme coin fad, and RENDER (-60%) suffered from tariff-hit compute costs, exposing speculative weakness despite core strength.

[GMCI @gmci_]

Weekly Market Update ☀️
​
Global equity markets show mixed performance as the Fed maintains cautious stance, while Bitcoin consolidates above $85K.
​
Meme coins make a comeback with $FARTCOIN leading the charge, and BlackRock expands its crypto offerings.
​
Let's Dive In 👇
​
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​
• Global Equity Markets Overview 🏦
​
➡️ Global equity markets showed mixed performance over the past week.
​
The S&P 500 gained 0.7% through March 21, ending a four-week losing streak, with defensive sectors like energy and healthcare outperforming while tech and discretionary sectors lagged.
​
The NASDAQ advanced a modest 0.8% during the same period, with large-cap tech stocks generally underperforming.
​
The European STOXX 50 recorded a 5-day change of -1.4%, with daily performance fluctuating between gains (March 24-25) and losses (March 26). The index has increased 9% since the beginning of 2025 and reached an all-time high earlier in March.
​
➡️ Overall trading volumes remained relatively light as investors continued to digest changes related to new policies, economic forecasts, and geopolitical risks.
​
Looming tariff introductions by the U.S. on its major trading partners are planned for next week, casting a shadow of uncertainty for investors.
​
Bitcoin (+0.1%) seems to have established its price above the $85,000 level, ranging between $85,000 on March 24 and $89,000.
​
The GMCI 30 ($GM30), an index of the top 30 digital assets, stands at 145 (+1.4%), rebounding slowly after a month dominated by negative price action.
​
------------------------------------------------------------------------------
​
• Macroeconomic Environment & Bitcoin 🔁
​
➡️ The Federal Reserve maintained interest rates at 4.25%-4.50%, adopting a cautious "wait-and-see" approach amid increased economic uncertainty.
​
The Fed's projections now show lower GDP growth (1.7% for 2025, down from 2.1%) and higher inflation expectations, though they still anticipate two rate cuts this year.
​
Meanwhile, institutions are positioning themselves to capture the upside of digital assets, revealing a bullish bias.
​
➡️ On March 25, BlackRock expanded its $1.7B tokenized money market fund (BUIDL) to include Solana, making it the seventh supported blockchain, and simultaneously launched its first European Bitcoin ETP on Xetra and Euronext.
​
Additionally, GameStop is copying Strategy's playbook by announcing their Bitcoin-acquisition plan, proposing a private offering of $1.3 billion of convertible notes.
​
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​
Sector-Specific Insights 🔍
​
➡️ As equity markets seem to take a breather and Bitcoin consolidates above the $85,000 level, meme coins have entered the arena again.
​
After a significant downtrend over the past months, the top performing indices this week were GMCI's Solana Memes index (+16%) as well as the GMCI Meme (+11%).
​
$FARTCOIN (+55.6%) led the pack, with almost all other constituents increasing in price by double-digits, too.
​
However, the majoity also retraced significantly over the past 24 hours, so it remains to be seen whether this trend is short-lived or sustainable.
​
It seems that there is capital on the sidelines waiting to get back into meme coins after all. The condemned live longer.
​
See you next week! ☀️

[GMCI @gmci_]

The History of Financial Indexes: How It All Began. 🏦

Market indices have shaped investing for over a century.

From 1884's first stock index to today's crypto benchmarks, these tools have revolutionized benchmarking and investing.

Let’s explore their history & impact. 👇

[Skorrek @_skorrek]

@LuistoXBT Let's hope so 🙏

[Skorrek @_skorrek]

@LuistoXBT aaand you are not allowed to drink a beer in public in the land of the free 😂 sorry, had to mention that

[Skorrek @_skorrek]

@LuistoXBT Powell's term ends in 15 months and he was specifically asked about his term. So more of a political BS question imo. But I hope the fed sticks to this perspective going forward

[Skorrek @_skorrek]

@LuistoXBT Any thoughts on $MSTR?

[Skorrek @_skorrek]

@thedefiedge @MidasRWA @apostroxyz @eulerfinance Felt like this post goes against so much of what you stand for, but then I saw the disclaimer... nothing wrong with getting paid, but doesn't seem to fit too well into your sensible style of investing and managing risk...(smart-contract risk, taxable event, liquidation risk etc)

[GMCI @gmci_]

Bitcoin is how you secure value.

Ethereum is how you build innovation.

Solana is how you explore speed.

GMCI is how you track it all.

Because every great market needs a benchmark.