Old Fashion Research
Old Fashion Research
BTC+0.54%
ETH+1.66%
USDC+0.01%
USDT-0.66%
AVAX-1.85%
DOGE-1.57%
0/ #OFRFlow🥃 This week in crypto: $ETH led, $BTC lagged, and stablecoin rails picked up momentum. New listings, infra funding, and regulatory shifts all point to a reshaping market 👇
1/ 📉 $BTC Flows & Volatility: • $110K breakout reversed on Israel–Iran strike → BTC fell 8% • Spot ETF flows choppy: ◦ Jun 9: –$131M (IBIT) ◦ Jun 10: +$265M (ex-BLK) ◦ Jun 13: –$200M again • @gamestop added 4,710 BTC • Structurally strong, but acting risk-off in macro shocks
2/ 💡 $ETH Outperforms: • Weekly net-staking deposits +94K • 19-day @BlackRock buying streak shows institutional conviction • SEC reviewing 3 staking ETF filings (Aug–Oct window) • ETH DeFi pools & infra leading real usage
3/ 💸 Infra Funding > Hype: • @HypernativeLabs raised $40M (Web3 security) • @turnkeyhq raised $30M (custody infra) — backed by @BainandCompany, @sequoia, @galaxyhq • @stripe acquired @privy_io (wallet infra), after @Stablecoin (stablecoins) → stacking value chain • @coinbase x @AmericanExpress card brings $BTC cashback to users = user-facing adoption • SEA tightening: TH & SG pushing out CEXs without licenses Real capital flowing into core infra — not narratives
4/ 🪙 Listings Highlights: • $RESOLV (stablecoin infra) @ResolvLabs • $HOME (DeFi governance) @defidotapp • $SKATE (cross-chain infra) @skate_chain • $SQD (AI agent infra) @helloSQD • $FARTCOIN listed on @coinbase: +34% day 1 Volume ≠ liquidity ≠ trust — diligence matters
5/ 🌍 Macro & Regulation: • Soft US CPI → 68% odds of Fed rate cut in Sep • FIT21 + GENIUS Stablecoin Act gain traction: ◦ $USDC, $ONDO benefit ◦ Bearish for $USDT, $FRAX, algorithmic models • SEC delays $DOGE, $HBAR, $AVAX ETF decisions • Global tightening: HK reinforces licensed DeFi model US compliance wave = defining the next stablecoin winners
6/ 🧠 OFR Take • $ETH leads structurally & institutionally • Stablecoin infra is quietly breaking out — @stripe x @coinbase x @PayPal worth watching • $BTC remains macro-sensitive • Alt narratives still scattered; infra > hype NFA — just how we see the market with clarity. Follow @ofrfund and stay tuned.
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