Market Surge, New Narrative Quest, & Dragonfly's $500M Fund

Market Surge, New Narrative Quest, & Dragonfly's $500M Fund

Legends say that Notoko, Motoko's mischievous brother, set out to explore blockchains far and wide. But his heart always beats for ICP, his true home. Now, he shares his discoveries in "Notoko Bytes"!

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Previous Issue

Kamala’s blank Crypto Stance, XRP Soars, eToro Settles, and More!
Kamala and trump debate affect Bitcoin, XRP jumps on Grayscale news, eToro faces SEC action, ParaFi embraces tokenization, and Russia gears up for the digital ruble.

Chain Chatter

  • The crypto world is buzzing in Singapore for Token2049, but amidst the hype, the industry is desperately seeking its next big narrative. With old stories like DePINs and blockchain games being recycled, hopes are pinned on the US election and potential crypto-friendly policies. Despite a strong start to the year, the pressure is on for crypto to finally deliver on its world-changing promises and find its next groundbreaking project. 🎉🤔🚀
  • Sony is the latest major Japanese company to explore blockchain technology, unveiling its own digital ledger called Soneium. Other firms like NTT, Toyota, and Mitsubishi UFJ are also looking into blockchain applications, putting pressure on the Japanese government to loosen crypto regulations. While Japan has a strict regulatory framework for investor protection, the industry is seeking tax breaks and a more innovation-friendly approach. Despite the challenges, Japanese crypto exchanges are seeing increased trading activity, and Sony is optimistic about the potential of blockchain in entertainment. 🇯🇵💼🤖
  • Bitcoin is having a party! 🎉 It jumped over 6% today, reaching $61,000 for the first time in ages! 🥳 The buzz is all about the Fed potentially cutting interest rates, which could make riskier assets like Bitcoin even more attractive. Plus, MicroStrategy's plan to buy more Bitcoin is adding fuel to the fire. 🚀 It's been a bit quiet for Bitcoin lately, but this sudden surge shows the market is still full of surprises! 🎢
  • Dragonfly Capital is on the hunt for a whopping $500 million for its fourth fund! 💰 They've already snagged half of that and are aiming to close the fundraising by early next year. Looks like the crypto VC scene is heating up, with Dragonfly joining the ranks of Robot Ventures and Paradigm in raising funds amidst the industry's recovery and the exciting US election buzz! 🚀
  • 🔥 A new crypto market is emerging! Polymarket just hit $1️⃣ billion in US election bets, and now Wintermute is launching its own betting market with Chaos Labs. Exchanges can list this market for free and users will be able to speculate on the election outcome with tokens for candidates like Donald Trump and Kamala Harris. Running on blockchains like Ethereum and Base, this market is designed to be decentralized and secure. Let the crypto election bets begin! 🗳️💥

Bitcoin's Wealth Distribution: Where the Big Stacks Live

Some Decentralization

ICP Spotlight: Cycles Burn is crazy!

Cycles are Equivalent of ICP Gas

Source: Dashboard

Trump Unveils Crypto Project, Aims to Make US a Crypto Powerhouse

Donald Trump is back in the headlines, and this time it’s not about politics (well, sort of!). The ex-president, along with his sons Donald Jr. and Eric, has officially launched World Liberty Financial – a brand-new crypto project that aims to shake up the decentralized finance (DeFi) space 🏦. During an X Spaces livestream (formerly Twitter), Trump and his team proudly unveiled their plan to dominate the crypto sector, claiming that the U.S. must be the "crypto capital of the planet" 🌎.

World Liberty Financial: The Vision 💡

Trump’s new venture taps into the world of DeFi – a niche sector where users can borrow, lend, and trade digital assets peer-to-peer using automated software. According to Donald Jr., the project is all about promoting financial security and allowing people to transact freely, without the traditional banking intermediaries. "It’s a real problem that needed to be addressed, and honestly I think this is the way," said Donald Jr., hyping up the audience during the livestream.

But the real mic-drop moment came from Trump himself, stating boldly, “If we don’t do it, China is going to do it. And if we’re not the biggest, we’re not the best.” 🇨🇳🔥

Pro-Crypto but Still a Few Red Flags 🚩

Not everyone’s convinced this is the next big thing. Critics argue that World Liberty Financial could just be another flash-in-the-pan project with a shiny name. Campbell Harvey, a finance professor at Duke University, says that while Trump’s pro-crypto policy is consistent with his campaign, launching a company in the space is a whole different game 🎯.

Then there’s the involvement of Chase Herro, a controversial figure with a colorful history in the crypto and marketing world. Known for his “dirtbag of the internet” persona, Herro has been linked to various ventures, some successful, others not so much (remember the Logan Paul podcast where his promoted token tanked by 96%? Yikes). With Herro as part of the World Liberty team, some in the crypto community are raising eyebrows 👀.

What do you think about Fam? Will it transform Defi or another Pump scheme?


Crystal Ball Bitcoin Time 😜(Just for fun, not financial advice!)

For all the Crypto Geeks , Read the Strategy behind the Price prediction

Methodology Behind the Price prediction
Notoko’s peekin’ into the Crypto future is like mixin’ a secret sauce! 😜 We’re throwin’ in the 2-year treasury yield (like a Fed whisperer 🤫), spicin’ it up with historical Bitcoin prices (like a treasure map 🗺️), and stirrin’ in the crypto fear index (like a mood ring for the market 😂). Now, we’re
BTC Prediction taken on Sept 17th

What's Brewing in Notoko's Canister ☕

🎉 Finally! The moment we’ve all been waiting for – the Fed is ready to cut rates! 🙌 Why, you ask? Well, both inflation and the labor market have been cooling off 🥶.

Our Home Grown Inflation & Employment Index shows the weakening

With prices steadying and fewer job openings, the Fed is feeling pretty confident it can ease up on those rate hikes. It's about time, right? ⏳💸

The big question: will it be a 0.25 or 0.50 cut? And what does that mean for your precious crypto? Let's break it down.

Why It Matters:

  • Interest rates are like the puppet strings of the financial world. The Fed pulls them, and everything dances.
  • When rates go down, it's like free money flowing. Businesses borrow more, people spend more, and even crypto gets a little boost. Why? Well, lower rates make risky assets like crypto look more attractive compared to boring old bonds.

The Crypto Connection:

  • Crypto's a wild child. It loves volatility, and a Fed rate cut could definitely stir things up.
  • If the cut's bigger than expected (0.50), we might see a crypto rally.
  • But, if it's just a small cut (0.25), the excitement could fizzle out.
  • Remember, crypto's still finding its footing in the big, bad financial world. It's sensitive to any news, especially from the Fed.

Crystal Ball Time:

We're putting our money on a 0.25 cut. It's a safe bet, and the Fed likes to play it safe. But hey, anything could happen. So, let's look at the potential outcomes:

Fed Rate CutCryptoStocksOther Assets (Gold, Bonds)
0.25%Slight increase, cautious optimismModerate increase, some sectors outperformGold might dip, Bonds could rise slightly
0.50%Potential for a significant rally, increased risk appetiteStrong increase, broad market gainsGold could rise, Bonds likely to fall

Bottom Line

Tomorrow's a big day. Keep an eye on the Fed and be ready for some market action. Crypto's got a lot to gain (or lose) from this decision. Remember, it's a volatile market, so don't go all-in on any predictions. Stay informed, stay calm, and maybe, just maybe, you'll ride the crypto wave to profit.


We just dove deep into a bunch of economic stuff, right? 🧠 It might feel like some of it went in one ear and out the other... But guess what? That's how you become a crypto wiz! 🧙‍♂️ You gotta learn all that to spot the good projects and avoid those pump-and-dump scams. 💪 So keep studying, keep learning, and you'll be raking in those crypto gains in no time! 🚀

And that's a wrap! See you later this week for more byte-sized blockchain fun (and a sprinkle of ICP love).


Disclaimer

*The information and analysis provided in this article are intended for educational and informational purposes only and should not be considered as financial, investment, or professional advice. While our team strives to ensure the accuracy and reliability of the content, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information presented.

The content within this article may include opinions and forward-looking statements that involve risks and uncertainties. The blockchain and cryptocurrency markets are highly volatile, and past performance is not indicative of future results. Any reliance you place on the information presented is strictly at your own risk. Before making any investment decisions, we highly recommend consulting with a qualified financial advisor or conducting your own thorough research.

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