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Crypto dips after PPI print, Yuga acquires Proof, Penguins flip BAYC

Crypto

• BTC: 51.7k (-1%), ETH: 2785 (-2%), SOL: 109 (-4%)

• Top 100 gainers: SIA, BGB, KAS, SATS

• ETFs see another $324m of inflows

• ETFs buy 8x amount of BTC supplied in last week

• BTC whales acquiring the most in 2 years

• Short term holders cash out most in 3 years

• KAS breaks ATH amid listing hope

• Celsius distributes $2bn crypto to customers

• $1.6bn GBTC sale could come next week

• VanEck & Ark update ETH ETF applications

• Coinbase points to payments as defining growth

• Coinbase app downloads spike to recent peak

• Revolut to launch crypto exchanges for traders

Macro & General

• NASDAQ: 15.8k (-1%), Gold: 2025 (0%)

• Hot PPI print means stocks end winning streak

• ‘Peak euphoria’ indicators flash in macro

• Search trend for ‘call options’ hits ATH

• Financial easing conditions best since Q1 2022

• Nvidia now worth more than entire S&P sectors

• Trump ordered to pay $364m fine in NY

NFTs & Low-Cap

• Hot coins: WEN, ROSE, DEL, EMERALD

• Hot NFTs: Moonbirds, Pudgy Penguins, PNGS

• Moonbirds rise 15% after Yuga acquisition

• Pudgy Penguins flip BAYC amid Yuga criticism

• Punk9059 leaves Proof

• Speculation around utility for Coinbase results NFT

• SHFL trading at $1.4bn pre-market

• PRIME hits recent high, leads gaming coins

• LPT up 120% in 10d, decentralised streaming coin

• Blast mainnet date to be announced next week

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The information does not constitute financial advice or recommendation and should not be considered as such.