the daily degen 🦍(11Jul23)
handle.fi daily market update
market data
market news
China's factory-gate prices for June experienced the most significant decrease in seven-and-a-half years, while consumer inflation stayed unchanged and reached its lowest point since 2021. Even though these economic indicators suggest that China's policymakers may need to introduce more stimulus measures to boost sluggish demand, the short-term impact on most Asian stock markets was negative on Monday.
Following the announcement of its new crypto intel marketplace on Monday, Arkham Intelligence has seen a resurgence of complaints about the company’s method of generating referral links. On Monday, Arkham launched the Arkham Intel Exchange, a platform that enables users to purchase and auction valuable information pertaining to the cryptocurrency space. Twitter users quickly began to speculate that the practice would grant financial gain for unearthing personal and private information — a practice that could be dangerous if misused.
Crypto investment products saw $136 million in inflows last week amid low volumes. Total inflows into institutional crypto investment products for the past three weeks have reached $470 million, fully offsetting the previous nine weeks of outflows, and resulting in a net positive inflow of $231 million for the year, according to CoinShares’ latest report.
Polygon (MATIC) Shakes Up Leadership. Amid recent legal squabbles with the US SEC, Polygon has announced former Chief Legal Officer Marc Boiron as the new CEO.
Avail, a project that was spun out of Polygon earlier this year to handle data storage and verification for blockchains, launched the "data attestation bridge" on its live testnet on Friday, a new offering designed to reduce costs for layer 2 and layer 3 chains in the Ethereum ecosystem.
around the (crypto) twitterverse…
market watch
US CPI is out at 830 AM ET on 12/7/2023. For year on year 3.1% is the forecasted number with previous reading of 4%.
trade ideas
trade: long ETH/ USD
If ETH price sees a significant pullback in the future, then a significant point of interest would be the 200 day moving average. We can see that there has been a strong response the two times it has come down to that level this year. an entry on the average could be a great long term hold with a stop loss if it is unable to hold above the line. if it falls below then we could see a much sharper fall.
learning about handle.fi
did you know how customisable your trader console is? you can close tabs, open multiple tabs, move them around and configure the screen in whatever way works for you!
check out this short video that highlights some of these features.
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