Today’s Nuggets
ISM Index Enters the Danger Zone
Atlanta Fed GDP Slashes 2024 Estimates
Epoch 5 Outperforms
Solana Outperforms
Binance’s Sub-Ecosystems are Exploding
MSCI Provides Perpetual Bid for MicroStrategy
Why Faster, Smaller Horses Are So Important
This lesson will be a big knowledge bomb as we cover everything near and dear to my heart.
Crypto Market Update:
The global crypto market cap is $2.61 trillion, with a 24-hour volume of $75 billion;
Bitcoin is doing extremely well; and
The Crypto Fear & Greed Index is at 73.
Most of these tokens unlock every week. Today, there are some big and nasty ones:
HFT = 3.35% unlock
GLMR = 0.35%
APT = 2.6%
IMX = 1.7%
CYBER = 4%
STRK = 5%
ARB = 3.2%
APE = 2.48%; Ape is always raining coins on you
People wonder why things like these newfangled L2s have not gone anywhere this year. It is elementary…
Inflation!
The ISM manufacturing is deep in the danger zone, down around 48. Anything under the red line is in the ugly zone.
This means that manufacturing is
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