RECAP: QUICKIE

Moves, On Chain, ETH Burn, XRP Glee Hedge Moves

NUGGETS OF ALPHA

• Whales bought $388M of Bitcoin just before the Grayscale-SEC news - insider info

• Bloomberg analysts estimate a 75% probability of a spot bitcoin ETF in 2023

• The BTC 5-7 year dormancy for the Supply Last Active has reached a 5-year high

• The actual ETH deflation over the last 12 months is 0.266%

• Binance launched a crypto-to-bank payment platform in Latin America

• Hedge fund exposure to mega-cap tech stocks just crossed 30% for the first time

• The Wednesday and Thursday before Labor Day are typically positive return days

• With one week left in the month, Tesla set a new quarterly record in China

• Rise in interest rates are squeezing the car market across the United States

• Per the R-squared of the Taylor rule, the Fed is doing a good job of achieving its policy goals

• Bill Gates owns the most private farmland in the U.S. at ~270,000 acres

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  Most of the buying was done 30 minutes before the news broke. As usual, no story is entirely airtight.

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  The whales & sharks may have known a thing or two about the