A Wild Week 🤯

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The Phenom Weekly Update

Welcome to the Phenom Crypto Update, your all-in-one source for staying ahead of the curve in the world of cryptocurrencies. We bring you the latest news, cutting-edge trends, and exclusive alpha alerts from the dynamic world of digital currencies curated by our elite Phenom Analysts.

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Hey Phenoms,

The dog days of August are real. We are still crab walking through the market prepping for a big Q4. We are hoping for a move back towards volatility as we close out the lazy summer season.

This week we cover:

  • SEI, SHIB and THOR launches 🎇

  • Coin Market Cap selling out 💸

  • Tokenization of RWA 🏘

  • Big ARB token unlock 🔓

  • SEI chain launches Mainnet ⛓

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Market Rundown

A Wild Week

The world of crypto is ever-dynamic, and the upcoming week promises to keep that tradition alive. Prepare yourself for an influx of new products, the release of tokens, and a surge of retail figures – the perfect storm for unpredictable price swings.

  • Mark your calendars: Shibarium, the fresh-off-the-oven blockchain from Shiba Inu, is set to make its debut today (August 16). Word on the street suggests some major centralized exchanges might bring tokens from the Shiba Inu realm into their listings this week.

  • The SEI token, launched yesterday. This new Layer 1, surrounded by buzz, has big names like Binance and Kraken prepped to feature the token from day one.

  • THORChain isn't holding back either, introducing its innovative lending protocol. This new platform allows users to put down collateral and secure loans based on market-driven collateralization. What's the icing? No expiration dates, no interest, and other standout features. Oh, and by the way, THORChain's in-house token, $RUNE, has skyrocketed by 50% in the past seven days.

  • On the unlock front: Tokens worth an estimated $200M are getting unlocked this week, with names like SAND, APE, and INJ standing out.

  • On the macro front: Stay tuned for retail sales figures and the latest on jobless claims due to release in a few days. And let's not forget, industry giants like Walmart and Home Depot are about to share their earnings insights.

Our main focus? Retail metrics. Recent retail data, along with earnings figures, have been pivotal in tracking consumer spending habits.

Phenoms, fasten your seat belts. Given the flurry of token releases, pivotal macro data, and incoming launches, we might just see crypto dive into the Mists of Ambiguity™.

Stay on your toes; volatility is not just probable, it's guaranteed.

The Twitterverse

A collection of the most interesting stuff on Crypto Twitter this week

ETH is a huge part of our portfolio. It will out perform from a risk-adjusted view most other coins

Big believer that real world assets will drive a ton of value next cycle.

Maybe buy ARB….

Maybe short $ARB first….

Phenom News

Stay up to date with the latest news and trends

Closing the ledger for now, but the crypto revolution continues. Stay curious, stay bold, and keep chasing those blockchain gains!

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