| gm Bankless Nation,
Crypto's summer of bearishness has finally seem some relief, even as $9 billion in BTC is about to make its way into user wallets. Today's Issue ⬇️ - ☀️ Need to Know: Mt. Gox Moves
Billions in BTC are finally on the move. - 🔒 Market Vibes: Alts Blast Back
Coins outpace Bitcoin / INST rating. - 🗣️ Opinion: The Everything Bubble
Our Sr. Analyst gets a bit bearish. - 🔒 Take Action: What We're Doing
Crypto market opps we're watching.
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Sponsor: Uniswap Extension — Say goodbye to pop-ups. Download today. . . . NEED TO KNOW Mt. Gox Movements - 🍿 Mt. Gox Begins Mass BTC Transfers. $3.1 billion in BTC was just transferred to new addresses ahead of creditor repayments.
Read more on Bankless.com - 😬 Bridging Protocol LIFI Hit by Exploit. The protocol saw more than $10M in user funds drained due to a 'call injection' exploit.
Read more on Bankless.com - 🦄 Uniswap Browser Extension Gets Public Rollout. Uniswap Labs has shipped its Chrome browser extension to a waitlist of nearly 800K users.
Read more on Bankless.com
. . . MARKET VIBES Altcoins Blast Back 📸 Daily Market Snapshot: The crypto pump of the past few days has sent altcoin assets climbing even faster than Bitcoin. Nearly two-thirds of the top 100 coins by market cap are outpacing BTC's already sizable 11% week-over-week gains. Some of the biggest winners? Worldcoin is up 42%, Stacks up 39%, and Maker up 32%. | Prices as of 6pm ET | 24hr | 7d |  | Crypto $2.36T | ↗0.1% | ↗10.8% |  | BTC $64,628 | ↗0.5% | ↗11.3% |  | ETH $3,430 | ↘1.2% | ↗11.8% |  | INST $2.18 | ↗0.3% | ↗28.9% |
🔒 New Token Rating: Instadapp (INST) has been a top-performing token this week. Is the rally stretched, or is this token still a relative buy? . . . OPINION The Everything Bubble Each crypto bull cycle has brought exponential growth, both in terms of value creation and the growing number of people who believe they are part of a financial/technological revolution. Crypto found itself in direct competition with AI to achieve these same bull market hallmarks this cycle and has simply failed to keep pace, depressing industry sentiment despite seemingly high dollar-denominated crypto prices. Unfortunately, while AI has almost single-handedly catapulted stock indexes to new all-time highs, troubling warnings continue to suggest that markets are ensnared in an unprecedented bubble, with recent indications supporting the notion that it has begun to burst. Read on for more bearishness 👇
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