Kool said despite horrible sentiment at 1800 to 1900, the headlines were crazy bullish so he bought against Twitter noise and sees big money positioning for much higher prices as clarity arrives.
0:06:19Ethereum crossing $4600 and institutional buying trends
0:10:43NatNat's long-term ETH price targets of $10k-$18k
Landy explained the CPI print was mostly in line with year over year core coming in only slightly hotter and sees room for a cut, possibly in September or October. Landy and NatNat noted cuts are not automatic liquidity injections and could even have negative reactions if too aggressive while Moni asked about ending monthly job reports, which Landy called bullish because the data has been revised heavily and needs fixing.
0:16:29Simplified explanation of CPI impact on risk assets
Kkoma explained his viral soccer player mask PFP trend ties into the Billions project focused on DID, privacy and AI agent verification, with Moni adding she is bullish on it. EMPress and others discussed emerging SocialFi projects, Banter and Bloom, with Moni noting they aim to go beyond mindshare to real product usage and have leaderboards featuring Farcaster, Base and Ethereum.
Dave reported Stripe is launching its own L1 called Tempo with Paradigm while Circle is launching Arc L1 with USDC as the native gas token. Landy explained companies prefer L1s so they can run their own validators, control the infrastructure and be the big dogs from the start. NatNat called the Circle news fantastic as it expands them into infrastructure and Dave highlighted Circle could dominate digital forex given the 7 trillion daily market with near zero cost cross currency swaps.
Landy described Coinbase's stablecoin bootstrap fund as adding liquidity to DeFi pools or platforms to prevent others from benefiting first and noted they would likely back protocols they want to survive. NatNat called Bitmain's planned 20B ETH raise massive while Kool said the follow on buying from others makes it even bigger. Landy joked Bitcoiners should thank Ethereum as a former testnet for miners and predicted stablecoins mostly on Ethereum will flip Bitcoin in market cap.
Samara said he is trading in the trenches on Avantis while preparing for the next meme wave, noting the inevitable rotation after Bitcoin and ETH strength.
1:11:28Risk management
“Surprise, surprise. Ethereum crossed 4,600 over the last hour.”
Dave0:06:19Share on X
“My trajectory, I see it going 10 k, 18 k at some point.”
NatNat0:10:43Share on X
“Today's CPI numbers, good vibes. For the short term, like, we're good. Inflation didn't spike. Fed's more likely to cut interest rates in September.”
“Why would you wanna do an l one? Because you're the one running the validators for all of this side chain.”
Landy0:40:39Share on X
“If Circle and USDC now have their own l one... They can literally take over and become the absolute Forex giants out here.”
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Show discussion, not financial advice.
