The U.S. Nonfarm Payrolls came in at 517,000, far more than the expectations of 185,000.

This release, along with the reduced Unemployment Rate, may cause investors to think twice about the "Fed dovish stance" scenario.

#CryptoNews in @COIN360com Daily Digest: 1/ In the pic:

@MicroStrategy @eBay @silvergatebank @binance @Mastercard @WazirXIndia @optimismFND @AlamedaResearch @bitfinex @Core_Scientific @orion_protocol @terra_money @Immutable @eCashOfficial @Aptos_Network @dYdX @loopringorg

The LSD narrative hasn't faded even with new trends popping up in the crypto world.

This 🧵 will cover $LDO $FXS $RPL $ANKR $FIS $BNC $PSTAKE and these projects' performance in the liquid staking sector.

Are you ready for an interesting month for @ethereum? 1/ We'll talk about:

🔹 The current state of LS space
🔹 $LDO
🔹 $SWISE
🔹 $FXS
🔹 $RPL
🔹 $ANKR
🔹 $FIS
🔹 $BNC
🔹 $PSTAKE
🔹 Which LSD token has the strongest correlation to $ETH price?
🔹 Are stakers in profit?

0/ The week of Oct 12-18 was quiet until the CPI release crashed $BTC to its new October low of $18,299, but the losses quickly recovered.

#BTC went sideways in the rest of the week with a 1% gain, followed by $ETH.

$ADA (-10%) & $XRP (-6%) were the biggest large-cap losers. 1/ Both #stocks & #crypto markets saw a flash sell-off after CPI, but quickly bounced back as the Fed's hawkish policy was priced in.

The Fed's plan for a rate hike streak can put more pressure on crypto in the long term.

A pretty quiet day for $BTC as it showed lagging performance while so much noise was created in the #crypto space today.

In @coin360com Daily Digest: 1/ In the pic:
@Ethereum @AptosLabs @ApricotFinance @ripple @rarible @zksync @shardeum @ChainSafeth @BitKeepOS @NuriBanking @ton_blockchain @ravencoin @monero @Casper_Network @quant_network @bitfinex

$FXS saw a nearly 18% surge at one point in the past 24h following the expectation about its upcoming liquid staking protocol and $frxETH release.

What's in store for @fraxfinance and what the future holds: A 🧵

0/ 👇 1/ On its way to becoming a "decentralized central bank," @fraxfinance has shipped new innovations to the #crypto-verse.

And $frxETH, a liquid $ETH staking derivative to maximize staking yield and smoothen the @Ethereum staking process, is the latest one to come to life.

As a brief spell of excitement after the CPI release faded, $BTC began the week with a small rise.

This was accompanied by a rally in #stocks and a -9.1 Empire State Manufacturing Index, indicating weaker U.S. economic data.

In @COIN360com Daily Digest: 1/ In the pic:
@Mastercard @PaxosGlobal @GlobalHolon @SocieteGenerale @FTX_Official @ripple @fraxfinance @MagicEden @apecoin @LiveArtX @DigihostTech @Casper_Network @quant_network @HuobiGlobal @ton_blockchain @ensdomains @wavesprotocol

Like $BTC, altcoins saw a volatile week as a result of big mixed news.

Top 7D gainers by @COIN360com:

@HuobiGlobal $HT
@quant_network $QNT
@Casper_Network $CSPR
@TrustWallet $TWT
@terra_money $USTC
@bitfinex $LEO
@kucoincom $KCS
@ton_blockchain $TON
@ensdomains $ENS
@okx $OKB @HuobiGlobal, again, had an outstanding surge in $HT price after @justinsuntron revealed that he had "tens of millions" #Huobi token stakes following advisory role appointment.

decrypt.co/112118/huobi-t…

$MIOTA has been one of the best performers in the @COIN360com top 100 list with a 9.2%% daily gain and 21% weekly gain.

What powered such a price surge in a bleeding market? #IOTA 2.0 with @shimmernet, #Stardust, and more @iota developments.

A 🧵 👇

0/ 1/ What is @iota?

A distributed ledger built for the "Internet of Everything" for exchanging value and data between humans and machines.

It uses Tangle, a structure where newer txs verify the older ones, for parallel validation of txs without requiring total ordering.

Some cryptocurrencies gave up their gains yesterday as $BTC slid below $19,000, and $DXY took a rally to 112, which is considered negative for #bitcoin price.

In #Coin360 Daily Digest: 1/ In the pic:
@CFTC @harmonyprotocol @dbsbank @Coinsquare @CoinSmart @Chain @Patriots @BlockdaemonHQ @3commas_io @hadeaninc @TheMonkeyLeague @acmilan @ValourGlobal @cronos_chain @XinFin_Official @feiprotocol @bitfinex @terra_money @ton_blockchain

After a short rebound, the crypto market came back down on fears of a potential implosion as 3AC was facing serious insolvency risks. In #Coin360 Daily Digest👇

@Immutable @DecentralGames @decentraland @sknupsgg @dolcegabbana @LidoFinance @FTX_Official @BitvoCrypto @PolyNetwork2 1/ $BTC was wandering around the $20k support level with the RSI falling to the deeply oversold stages.

This suggested a short-term relief rally, but if #BTC breaks support, a new round of liquidations will occur. Traders should beware of the sell-off as:

https://twitter.com/kylewaters_/status/1537183959217414144?s=20&t=seCTZusL0qfxaGzPdlQA4g

Despite the clarification made, @Tether_to didn't seem to be able to retain its users as the No.1 #stablecoin market cap has fallen under $70B, reaching its lowest point since October 2021.

$USDT $USDC $BUSD $DAI $FRAX $TUSD Data from @santimentfeed also suggested that big investors were staying away from $USDT since the addresses with $100k to $10M in $USDT had plunged by -50.5% of their coins, showing signs of holding less percentage of supply.

https://twitter.com/santimentfeed/status/1537500674681778176?s=20&t=ABhyEPHu8Ca-Ez7gQNX_zg

We had been seeing green for most of the day as more assets recorded a relief rally. In #Coin360 Daily Digest 👇

@TrueGlobalVCs @circlepay @animocabrands @TinyTapit @HuobiGlobal @HuobiTH @InverseFinance @ankr @optimismPBC @AcalaNetwork @pendulum_chain @amplitude_chain 1/ $BTC failed to cross $23k overnight and went back to its $21k level. As the rate hike seemed to be priced into the market, the market leader didn't make big moves.

@intotheblock data suggested a potential bottom as it spotted the largest #BTC inflow since Feb.

The second financial quarter of 2022 witnessed the first-ever drop in #stablecoin supply from the beginning of cryptoverse, according to @coinmetrics Head of R&D @LucasNuzzi.

This was caused by multiple factors, as... Data from @cryptoquant_com pointed out that the total supply of stablecoin had a freefall on May 14, which might have been a result of whales' effort to exit the market following $USDT's depegging.

According to on-chain analytics platforms, 7B $USDT were wiped out.

We have entered very rough waters as $BTC got lower than $20,700. Today in #Coin360 Daily Digest 👇

@Tether_to @CelsiusNetwork @trondaoreserve @trondao @usddio @nftport_xyz @TAGHeuer @filecoingreen @FilFoundation @nansen_ai @chainlink @MoonbeamNetwork @ElrondNetwork 1/ $BTC marked an 8%+ drop in the past 24h and dropped to below $20,700 at the time of writing. With the price action, many analysts doubted #BTC's ability to sustain the low $20,000 zone for long.

$BTC number of addresses in loss (7d MA) reached an ATH:

https://twitter.com/glassnodealerts/status/1537121665662042113?s=20&t=Dh6YMpy_f1lwoyELZJUGhQ

0/ June 8 - 14 was severe for crypto and the broader financial markets as the U.S. CPI resulted in a strong reaction.

$BTC recorded red candles every day from June 7, which meant there was not enough buying power. The intensified sell-off on June 13 caused a $4,100 loss for it. 1/ In this period:
$BTC briefly touched $20.8k, falling by 29% in a week
$ETH traded below $1.2k, down ~75% from ATH
The total crypto market cap dropped below $1T
The Crypto Fear & Greed index touched 8 points
Over 240,000 traders suffered from losses in $1.3B crypto liquidations