ilqdty daily3 min readRead the latest
strategy sold 7,000 bitcoin at $60k and bought it back at $80k, and the ceo went on the record to defend the round trip
| Markets | Level | 7d |
|---|---|---|
| $BTC | 77,569 | -3.3% |
| $ETH | 2,394 | -4.6% |
| $SOL | 100.07 | -8.3% |
| F&G | 65 greed | |
| $HYPE | 81.34 | -3.8% |
| $XRP | 1.36 | -6.3% |
01Crypto5 stories
- strategy's ceo defended selling 7,000 $BTC near $60k and buying back near $80kThe Block
- thai businessmen are suing tether over a $42.4 million USDT freeze done without a warrantCoinDesk
- japan's remixpoint sold every coin it owned, $4.47 million of $ETH, $SOL, $XRP and $DOGE, straight to cashDecrypt
- farmmi, a nasdaq microcap, ran 350% after a memecoin on robinhood's chain got paired to its nameThe Block
- from february 2027 thailand will make exchanges prove you own the wallet before any withdrawal leaves@Cointelegraph
02Macro4 stories
- ADP counted 38,000 new private jobs in august, a number that used to be a rounding errorADP Research
- the german 10 year yield hit its highest since 2011 as investors dumped long dated bondsCNBC
- the fed's beige book says 10 of 12 districts grew, with data center construction doing the liftingFederal Reserve
- broadcom's AI chip revenue hit $16.7 billion, up 221% on the yearBroadcom investor relations
03Solana trenches3 stories
- shorts got hurt worse than longs across the board yesterday: $6.1M of short positions were force-closed against $3.7M of longs, and $SOL alone accounted for $2.9M of the short side. the single biggest forced close of the day was $656k on $SOL.
- pumpfun paid $26.3M to its token holders over the last 30 days, third behind hyperliquid and canton. that is 57% of everything the platform collected, and $PUMP trades at 4.3x that revenue while $HYPE trades at 85.1x.
- a wallet ending bunE deployed USMS on pumpfun and it is already gone. same deployer, one mint, nothing left behind. the address is on solscan if you want to check the pattern yourself.
04Today3 stories
- 10:00 ET: JOLTS job openings for july, the count of unfilled positions. after ADP's 38,000 this is the second look at whether hiring actually stopped.
- friday 8:30 ETthe august jobs report. july payrolls fell 23,000 when the street wanted plus 83,000, so this one decides if july was a fluke.
- monday is labor day, US markets closed, thin books all session.
05My view
two companies did the same math this week and landed in opposite places. strategy sold bitcoin low and bought it back high and is now explaining why that was fine. remixpoint in japan looked at its crypto and turned all of it into cash. one is defending a trade, the other stopped having an opinion.
the reason both stories exist is sitting in the bond market. the german 10 year is at its highest since 2011 and the US 10 year pays 4.80%. when safe money pays that much, holding something that pays nothing costs you real money every month you wait. that is the drain, not fear. fear and greed reads 65, which is greed, and the seven day board is red everywhere: $SOL -8.3%, $DOGE -7.0%, $XRP -6.3%. people still feel fine and are still selling.
ADP's 38,000 is the crack. if friday's payroll number confirms it, the whole rates story flips inside a morning and the hike everyone is bracing for stops being obvious. i'm watching that print more than any chart. sellers are in control right now, and the clearest evidence is that greed at 65 has not bought a single one of these dips.
friday tells us which of those two companies was early. see you then.