- Zivoe Newsletter
- Posts
- Smart Money Bought The Dip, Did You?
Smart Money Bought The Dip, Did You?
But Also: WazirX Reverses Customer Trades After $235M Hack, Jump Trading's Rumored Exit, Ethena To Expand To Solana
🌻 GM!
Welcome back to your weekly dose of web3 insights! Your go to source for everything DeFi, RWAs, and Zivoe.
Here’s what we’ve got for you today:
Market Movements
Bite-Sized Bits
13 Days To Launch
Zivoe In The News
Smart Money Bought The Dip, Did You?
Memes Of The Moment
📉 Market Movements
Firesale on crypto assets this week!
🟠 Bitcoin: $60,241.43 (- 6.90%)
🔵 Ethereum: $2,609.49 (- 17.00%)
🟣 Solana: $154.49 (- 5.31%)
🟡 Fear & Greed Index: 48 (Neutral)
🍪 Bite-Sized Bits
We’re changing it up this week! Just the headlines. Like the new format? Prefer the old with short summaries? Vote in the poll below!
Do You Like The New Headline Format?Vote By Clicking One Of The Options Below |
🚀 13 Days To Go!
Attention Zivoenauts! We are now just 13 days away from the Initial Tranche Offering (ITO) and we couldn’t be more excited. The ITO will commence on August 22nd at 11:00 AM EST (3:00 PM UTC) and run through September 21st!
During the event, you can deposit stablecoins to our Senior and Junior Tranche to start earning $ZVE airdrop points! To learn more about the event, check out our docs and watch the video below!
Ready to get in on the action? You can head over to our dApp right now to begin exploring. And for U.S. Persons, you can get ahead of the game by completing your KYC and Accreditation today, so you’re ready to go on day 1 without any delays 🚀🚀🚀
📰 Zivoe In The News
I’ll be speaking in the Forge RWA space today coming up in just over an hour!
Be sure to tune in for the latest updates on @ZivoeProtocol and our upcoming August 22nd launch!
— Thor (@thorabbasi)
3:57 PM • Aug 6, 2024
🚨 Have you heard the news? Our dApp is live!
The ITO doesn't start until August 22nd, but you can start exploring the app today 🔍
And U.S. Persons can get ahead of the game by completing their KYC and Accreditation right now!
Check It Out 👇🏽
zivoe.comx.com/i/web/status/1…— Zivoe (@ZivoeProtocol)
1:12 PM • Aug 6, 2024
🎉The Party Starts In Just 2 Weeks!
From August 22nd - September 21st, earn $ZVE points when you deposit stablecoins into Zivoe's Senior or Junior Tranche!
You can't get in on $ZVE earlier than this, frens! x.com/i/web/status/1…
— Zivoe (@ZivoeProtocol)
6:28 PM • Aug 8, 2024
🤑 Smart Money Bought The Dip, Did You?
Financial markets got smoked 💨 this week, with over $6.4 trillion erased from equities and $230 billion wiped out from crypto markets. As retail investors scrambled to sell, institutional investors swooped in to buy the dip 🚀
The Great Unwind
The correction started when Japan unexpectedly raised interest rates. This disrupted a popular trading strategy called the yen carry trade, where investors borrowed cheap yen to invest in higher-return assets elsewhere. As the yen strengthened, the profits from these trades shrank, forcing investors to quickly sell off their assets to close their leveraged positions.
At the same time, weak tech earnings and concerns about the U.S. labor market fueled fears of an economic slowdown. These factors combined to trigger a rapid global selloff, with both stock and crypto markets suffering significant losses.
How It Played Out
As markets plunged, retail investors scrambled to sell in a panic 😨 Meanwhile, institutional investors seized the opportunity, buying up assets like Bitcoin and stocks at bargain prices. 🤑
Here’s how it went down in equity markets:
⚠️BREAKING: JP Morgan says Institutions bought the dip while Retail panic-sold aggressively.
Retail sold $1 Billion.
Institutions bought +$14 Billion.
Maybe it's because trading platforms were down for retail investors?
Market manipulation at its finest.
— Andrew Lokenauth | TheFinanceNewsletter.com (@FluentInFinance)
4:37 PM • Aug 6, 2024
And in crypto markets:
While noobs are panic selling, whales are panic buying.
#Bitcoin
— sunnydecree (@sunnydecree)
8:59 PM • Aug 4, 2024
Lessons From The Big Players
If you're playing the long game, don't let short-term market dips shake your confidence. Use these moments to reassess your reasons for holding an asset and ensure your original investment thesis still holds true. If it does and you have some spare cash, it might be the perfect time to buy more.
Otherwise, keep calm and HODL!
🐸 Memes Of The Moment
People who bought at 49K 2 days ago:
— naiive (@naiivememe)
5:09 PM • Aug 8, 2024
“ now I’m become REKT,the destroyer of wealth “
— naiive (@naiivememe)
1:01 AM • Aug 8, 2024
📲 Join The Fight Against High Interest Lending
Join our community and stay up-to-date with the latest news and developments by following us on social media. Connect with us to engage in discussions, receive real-time updates, and be part of the Zivoe movement!
Website: Zivoe.com
Twitter: @ZivoeProtocol
Telegram: @ZivoeProtocol
Discord: Join The Community
Reply