Perps continue to dominate this cycle's narrative and PumpFun crashes.
Stay up to date with all the latest in your weekly crypto recap 👇🧵
In policy news, new executive order from the White House will release the first crypto policy report TOMORROW (July 22nd).
Possibly causing some amount of volatility as speculators adjust.
2/6🧵
Bitcoin creator, Satoshi Nakamoto overtakes Bill Gates, as his wallet holds an estimated $129B, placing this anonymous figure among the top 11 richest individuals. WAGMI.
3/6🧵
According to Coinbase’s Conor Grogan, 913k ETH is lost forever due to user errors (0.76% of circulating supply)
"That's a lot of ETH that can't be sold"
4/6🧵
The new $PUMP token from @pumpdotfun launched with massive hype then crashed below ICO price. 20-37% of holders are underwater.
Wish you could have shorted that one, huh?
5/6🧵
Finally, ETH surpassed BTC in global perp volume leading the market with ~$90.82B, while BTC follows at $82.93B
Signaling a dominant rise currently in altcoins.
/thread 🧵
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