0xScope Newsletter

0xScope Newsletter #74: Our Year-End Message

0xScope — Fri, 27 Dec 2024 13:45:36 GMT

0xScope in 2024: Milestones and Year-End Message

Here's a brief message from 0xScope CEO Phillip Torres to the 0xScope community as 2024 draws to a close:

“I want to take this opportunity to thank everyone who has supported us over the past year: individuals who used our products, institutions that trust our data, investors who helped fuel our growth, and more. More importantly, we appreciate your invaluable feedback, which has helped us make our products better and more useful for everyone.

Looking ahead to next year, we are excited to unveil even more features designed to enhance your crypto experience. With our continued development of the LMK crypto copy-trading platform, plus several new features for our existing services, 0xScope will continue to deliver Web3- and AI-powered data and alpha to all. May you all have a wonderful 2025 ahead!"

For the full message and a look back at the milestones that 0xScope and the Web3 history have reached in 2024, read this new article.

On-chain Data

Holiday sell-off causes $146.4M flow out of BTC ETFs

This week, Bitcoin failed to recapture the $100,000 price level, managing instead to float around the $96,000 level after an up-and-down market. IBIT, usually the biggest source of inflows, led ETFs in net outflows this time with $157M. Meanwhile, ARKB brought in $96.2M, shrinking its total outflows for this month to $52.6M.

Binance has no new Spot listings, but 6 on Futures

Binance took a break from listing new tokens in its Spot trading service this week, but also kept on adding Futures contracts for the following tokens: AI-related projects aixbt by Virtuals ($AIXBT) and ChainGPT ($CGPT), recently popular memecoin Fartcoin ($FARTCOIN), DeFi platform Kamino ($KMNO), Layer-1 blockchain network Hive ($HIVE), and crypto governance platform DeXe ($DEXE).

$AIXBT, built on Base and created just last month, had the most favorable price action on Binance Futures among the recent listings. Earlier this week, the AI-related token hit its record high of $0.37, partly resulting from its recent Binance Futures listing, and has since stayed close to this value. Meanwhile, fellow AI-related token $CGPT is gaining positive sentiments from KOLs who are encouraging investors to accumulate and hold the token and other low-cap gems in the narrative.

Perhaps the most hyped among these newly listed tokens is $FARTCOIN, whose market cap crossed the $1B mark this month, after being created just this past October. Among KOLs, there is also talk of creating a DAO called "MicroFlatulency" aimed at accumulating Fartcoin creatively. Meanwhile, an address reportedly made $13.36M in profit from Fartcoin, following a transaction involving $691,000 worth of memecoins.

Company Announcements

Subscribe to Scopechat Pro

Scopechat Pro is our new membership system for a next-level AI-powered crypto trading experience. With Scopechat Pro, you can enjoy the following benefits for as little as $14/month for the annual plan!

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

0xScope is looking for talent! Passionate about growing your community and showcasing your investigation skills? Become a 0xScope Ambassador, lead the charge, and get a chance to be featured here! If you think you are a good fit or know somebody who is, please reach out at hr@0xscope.com.

Quick Bites

MicroStrategy goes on $11B holiday shopping spree in record Bitcoin binge - LINK

Bitcoin ETFs, MicroStrategy, whales spur 3x jump in private BTC transactions - LINK

Bitcoin kimchi premium spikes as South Korea's political turmoil escalates - LINK

BTC could rebound in ‘coming days’ as metric signals growing buy pressure - LINK

Memecoin degens raise millions for rare cancer research after a father’s plea - LINK

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0xScope Newsletter #73: Join the LMK Private Beta

0xScope — Fri, 20 Dec 2024 13:13:03 GMT

Join the LMK Private Beta. 100 Slots Available.

LMK, our newest product specially made for next-level crypto copy trading, has opened up a new private beta round! We are opening access to LMK for 100 people who sign up for LMK private beta on a first-come, first-served basis. To join, please complete the following steps:

1. Fill up this form.

2. Join this Telegram group. (Make sure to finish the form first before joining.)

3. Retweet the Twitter post in this link.

Why should you join LMK private beta? Here are some compelling reasons to do so:

1. Exclusive sneak peek at LMK copy-trading channels, new features, etc.

Peck around LMK's channels and features. See how easy it is to go from spotting signals to copy-trading in seconds. New updates include support for tracking Solana, Ethereum, and Base addresses, as well as new UI-optimizing updates on the Create a Channel function.

2. Learn how to monetize your crypto wisdom

Are you a crypto leader or KOL? Then LMK is for you! Be the first to know how to make the most out of LMK, from earning via referrals to raking in fees by creating your own channel! It pays to grow your flock.

3. Suggest more features and connect with the LMK team

LMK is better with you, and your feedback is important to us. Example: A birdie suggested more features for channel creation. We updated it in days!

On-chain Data

Recent BTC downturn puts many ETFs’ net flows in the red

This past week was both bullish and bearish for Bitcoin, which saw its price reach a new record high just above $107,000 on December 17, only for it to fall sharply below $95,000 just a few hours ago. As a result, only two Bitcoin ETFs managed to record net inflows on December 16-19: IBIT with $1.52B, solidifying its market dominance, and BTCW with just $2M. We anticipate more ETF outflows for the December 20 trading day due to falling Bitcoin prices, but there’s also the possibility that investors would buy the bottom.

Binance’s active listing week: 4 on Spot, 8 on Futures

Perhaps in an attempt to join the holiday shopping season, Binance has added four new tokens to its spot trading platform, after listing another four tokens the week before. Over the past 7 days, the following crypto tokens made their Binance spot debut: Velodrome Finance ($VELODROME)*, Vana ($VANA), Simon’s Cat ($1000CAT)*, and Pudgy Penguins ($PENGU).

DeFi project $VELODROME was recently rumored to expand to UniChain, Uniswap’s new DeFi-oriented Layer-2 network, while a major investor doubled its holdings in the asset by purchasing 2.45M tokens within one minute of Binance’s listing announcement. Meanwhile, Layer-1 project $VANA benefited from being the latest project on Binance Launchpool, as it grew as high as 36x from its opening spot price.

Regarding the newly-listed memecoin $CAT (listed on Binance as $1000CAT), opinions are divided; some KOLs predict a 10-50x return for the token, while others noted its current undervaluation compared to other cat-themed tokens. Also worth mentioning: Wintermute currently holds $9.47M worth of $CAT. Meanwhile, discussions on the new $PENGU token from the popular Pudgy Penguins NFT project touched on its potential cross-chain functionality through LayerZero and its valuation as both a memecoin and a Layer2 ticker. However, the token reportedly dropped by 50% following its airdrop, causing a sharp drop in the NFT’s floor price.

Binance Futures also added those four newly-listed tokens, as well as five new perpetual contracts: crypto travel booking site Travala ($AVA), DeFi platform Dego Finance ($DEGO), Animoca Brands-seeded blockchain project Moca Network ($MOCA), decentralized stablecoin issuer Usual ($USUAL), and RWA (real-world assets) oriented blockchain Lumia ($LUMIA). Only $PENGU and $USUAL were still up from their respective listing prices as of December 20, 5 AM UTC.

*Velodrome Finance has the ticker $VELO on other exchanges, while Binance’s $1000CAT ticker for Simon’s Cat is due to the very low price of individual $CAT tokens, as is the custom with many memecoins that have trillions of circulating tokens.

Company Announcements

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Quick Bites

Bitcoin dips below $96K, ETH, ADA, DOGE tumble over 10% in crypto correction - LINK

Bitcoin ETFs hit by record $671.9M outflows in 1 day - LINK

SEC approves first spot Bitcoin and Ethereum combo ETFs from Hashdex and Franklin Templeton - LINK

El Salvador may accelerate Bitcoin buys following IMF deal concessions - LINK

Ethereum layer 2s hold $13.5B stablecoin supply - LINK

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0xScope Newsletter #72: LMK is Coming

0xScope — Thu, 12 Dec 2024 14:21:25 GMT

Coming Soon: lmk.fun

We’ll give out more details about lmk.fun soon, but for now, here's what our CEO Phillip Torres shared about this exciting new solution:

📈 In the bull market, the next hot trend can emerge & end quickly. Time is money, so we made a new product that can:

- Get market info quickly (list below)

- Use that info to set up crypto buys w/ take-profit + stop-loss

Learn more about what LMK is all about in the breakdown below.

On-chain Data

Despite the volatile BTC market, ETF inflows continue to pile up

Bitcoin hit its record high at around $103,000 last week, followed by a week-long correction that saw it sink to as low as $94,000 before returning to the $100,000 level to close out this week. IBIT typically dominates inflows, as shown by its $3.32B cumulative intake so far this month, but over the past three days, FBTC has also emerged as a strong No. 2. Between December 9-11, IBIT pulled in $689.7M while FBTC is quite close behind at $507.9M.

Binance’s active listing week: 4 on Spot, 8 on Futures

This week, Binance expanded its roster of listed tokens on spot trading with the additions of Across Protocol ($ACX), Orca ($ORCA), Movement ($MOVE), and Magic Eden ($ME), each representing a different Web3 narrative.

$ACX and $ORCA have been trading in other exchanges before Binance’s inclusion. Across Protocol, which goes way back to 2022, is having a record-breaking December, mostly due to the Binance listing that propelled $ACX from around $0.50 to start the month to as high as $1.40. There’s also some anticipation about $ACX's moves in South Korea, as indicated by frequent mentions of the country and its flag. Orca, which debuted in 2021 and reached as high as $18 back then before sinking below its $3 debut price for most of its existence, suddenly got a positive jolt after market maker Wintermute, holding $4.2M worth of $ORCA, played a key role in the token's market dynamics, with reports indicating they withdrew $ORCA from Coinbase 12 hours before the listing announcement.

Meanwhile, $MOVE and $ME are both newly launched tokens that have benefitted from timing their debuts with a very bullish crypto market. Movement, an Ethereum Layer-2 project, debuted its token with an $830M airdrop, followed by an active trading market that saw its 24-hour volume spike to as much as $6B. Magic Eden, a multi-blockchain NFT marketplace, also launched its $ME token in a major airdrop, after which the token quickly reached a multi-billion-dollar valuation and is currently consolidating at a market cap of $600M.

Binance Futures also added those four newly-listed tokens, as well as new perpetual contracts for Solana-based automated market maker Raydium ($RAYSOL), AI metaverse network $VIRTUAL, and memecoins Koma Inu ($KOMA) and SPX6900 ($SPX). Six out of the eight contracts have seen double-digit gains since their debuts.

Company Announcements

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Quick Bites

US spot Bitcoin ETFs surpass 500,000 BTC in cumulative net inflows - LINK

LINK, AAVE rocket 30% as Trump’s World Liberty Financial buys $2M tokens - LINK

XRP, Solana, and other altcoins seen booming in a ‘Santa Rally’ - LINK

A single Pudgy Penguins NFT now costs more than a Bitcoin - LINK

Microsoft shareholders vote ‘no’ to Bitcoin reserve - LINK

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0xScope Newsletter #71: Happy $100K Bitcoin!

0xScope — Thu, 05 Dec 2024 12:54:01 GMT

Memecoin Deep Dive: Market Makers, Cycles, and the Landscape Outside ETH and SOL

The memecoin industry has become one of the biggest impact makers in the recent crypto bull run, with public interest at an all-time high. Amid the debut of new tokens and platforms that have supercharged memecoin trading, several market forces have emerged as the difference makers in this cycle. While Ethereum and Solana have grabbed most of the headlines over the ramp-up of their rivalry, other major players are also making their mark in recent months.

This article analyzes some catalysts for the recent market resurgence of memecoins. We'll also take a look at the memecoin landscape on other public chains outside of Ethereum and Solana.

Read more details in the latest 0xScope blog.

On-chain Data

As BTC hits $100K, ETFs start December with a $1.6B boost

This week, Bitcoin finally went past the psychological $100,000 barrier, marking a major milestone for the world’s top crypto. Bitcoin ETFs promptly followed up an already-strong November ($6.9B in net flows) with an additional $1.6B in just the first three trading days of December. IBIT is almost single-handedly responsible for this jump, as the gains of other growing ETFs have been canceled out by the continued outflows on GBTC (-$122.4M in the past 3 days) and ARKB (-$76.3M).

Binance Futures adds non-memecoins KAIA, AERO

For the first time in a while, Binance Futures refrained from listing new memecoins this week, instead opting to debut DeFi project $AERO and Layer-1 platform $KAIA. After seeing single-digit growth rates at the hour of their respective debuts, they have since fallen slightly from their listing prices.

$KAIA, the integrated blockchain platform by South Korean internet companies Kakao and Line, grew by as much as 121% this week, reaching its peak price on Dec. 3, ahead of the actual Binance listing. Since its all-time high of $0.415, the token has mostly hovered between $0.30 and $0.36, as early investors seem to have taken profit after a month-long wait from its debut.

$AERO, a major liquidity hub on the Base blockchain, has lately become a bullish token thanks to its recent increase in liquidity, substantial holdings by influential investors, and market expectations for its introduction to the spot market. The token has grown by 37.5% this past week and is at its highest price point since April, when it hit its record high.

Hyperliquid outpaces other top 500 altcoins in weekly growth

About a week after its major $1.6B airdrop, DeFi-focused Layer-1 blockchain $HYPE has grown from $3.32 to as much as $13.93, indicating a week-long growth of about 3x. The only other top-500 project (based on market cap) that matched closely to $HYPE’s elevation this week is Web3 gaming marketplace $OL.

Company Announcements

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Quick Bites

Bitcoin price hits $100K for first time in history - LINK

Traders see even more Bitcoin buying pressure as BTC sets new record at $103K - LINK

Mt. Gox moves $2.8B in BTC amid Bitcoin's surge past $100K - LINK

Bitcoin ‘still in early innings’ at $100K — ARK’s Cathie Wood - LINK

Trump nominates Paul Atkins to replace Gensler as SEC chair - LINK

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0xScope Newsletter #70: When Will ETH Hit ATH?

0xScope — Thu, 28 Nov 2024 11:30:47 GMT

Why is ETH not hitting record highs like BTC?

November 2024 has been a historic month for Bitcoin, which quickly rose from $70,000 on Nov. 1 to just below $100,000 now, hitting multiple record highs along the way. Bitcoin ETFs have drawn in billions of dollars worth of inflows, and with a six-figure valuation within reach, many analysts have begun to project better days ahead for the world's top cryptocurrency.

It has been a different story for the long time No. 2 cryptocurrency, Ethereum. At first glance, ETH has grown from around $2,500 on Nov. 1 to just above $3,600 as of Nov. 28, with a growth rate similar to Bitcoin’s. However, Ethereum's current situation is a far cry from where it was back in November 2021, when it hit an all-time high of $4,900.

In this report, the 0xScope team looks into several factors that explain the disparity between the growth momentum of Bitcoin and the lack thereof for Ethereum during the latest ongoing bull run.

Read more details in the latest 0xScope blog.

On-chain Data

Bitcoin ETFs see slight outflows as price falls slightly from record highs

Last week, Bitcoin reached its all-time high of $99,500, just shy of a six-figure milestone. This week, BTC was affected by holiday-related market corrections, sliding down to below $92,000 before stabilizing at around $95,000 at the moment.

During last week’s major surge, Bitcoin ETFs have drawn in $3.33B worth of funds, just over half of the total cumulative inflow for this month. It’s a different story this week, with most ETFs seeing outflows. So far this week, about $128.6M went out of Bitcoin ETFs, despite another strong showing from IBIT with $267.8M in net inflows.

Binance Futures debuts 7 new contracts, including 4 memecoins

It has been an active week for Binance in terms of futures listings, with the debuts of the following perpetual contracts:

While these contracts debuted at different points during the past 7 days, there’s a noticeable trend regarding their current market performance. Out of the 4 memecoins that are newly listed, only $CHEEMS is still above listing price, albeit at a slight 4.79% growth. The double-digit declines seen by the perpetual contracts of memecoins $SLERF, $WHY, and $CHILLGUY likely resulted from their tokens seeing significant price increases during their respective listing announcements, followed by a major sell-off once trading started on these new listings.

Meanwhile, non-memecoin new listings have fared better in this recent cycle, led by $SCRT’s 72.28% rise since its debut on Binance Futures. The privacy-focused blockchain network was recently included in the NVIDIA Inception program for tech startups. $THE, which also notched a recent spot listing on Binance, launched in other markets at around $1 on Nov. 26, before the listing announcement propelled the token to as high as $4, a level that it has strived to maintain in recent trading action.

Company Announcements

Subscribe to Scopechat Pro

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Quick Bites

Bitcoin pumps above $97K, then dumps, as Ether, XRP surge 7% - LINK

Bitcoin bull market is far from over, Galaxy Research says - LINK

Ethereum L2s surpass record $51B TVL after 205% yearly growth - LINK

Hong Kong proposes tax breaks to attract crypto hedge funds, investors - LINK

Pump.fun removes livestream feature amid reports of shocking videos - LINK

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0xScope Newsletter #69: As BTC Nears $100K, Will BRC20 Be Hot Soon?

0xScope — Thu, 21 Nov 2024 13:34:28 GMT

As BTC nears $100K, will BRC20 be hot soon?

Another week, another record high for Bitcoin. After surpassing $90K for the first time last week, Bitcoin continues its rally toward $100K, with a new high of $98K just a few hours ago. Is the Bitcoin ecosystem, including BRC20 tokens and runes, the next hot narrative? Here are our recent observations:

BRC20 transactions rising. BRC20 tx made up as much as 70% of total BTC tx in August 2023 and January 2024. After staying below 10% recently, this metric has shot up in the past 2 weeks to as high as 18%.
BRC20 token boom. BRC20 token creation, which hit its peaks in May 2023, November 2023, and April 2024, has risen in the past 2 weeks, with 17,696 new tokens created.
Runes are also trending upwards. Amid the recent $BTC pump, hundreds of thousands of new users have rushed to runes, with 278, 072 new addresses interacting with runes over the past 2 weeks.

Read more details in the latest Scopescan tweet thread.

How to spot memecoins that have Binance listing potential

We studied several trending Solana memecoins and found interesting patterns on those that recently got listed on Binance. Here are the 4 things to check when looking for memecoins at the cusp of a major CEX listing:

Market makers. Wintermute currently has the biggest bag of Solana memecoins among all major MMs, and some of its memecoins doubled in price and grew their trading volumes by 10x after the MM’s entry. Tokens often need market makers before listing on major CEXes.
Previous token listings. We also found that Gate.io has a great sense in listing memecoins. Among 8 Solana memecoins listed on Binance, 7 of them were previously listed on Gate.io. Listings on minor CEXes could increase the chance of a Binance listing.
Recent tweets. Memecoins rely on public attention + hype to thrive. For instance, Elon Musk posted about $PNUT on November 5 and 13. $PNUT grew by 116% 24H after the first tweet, then by 200% 24H after the next one.
Retracements. Recent news can pump memecoins, but also watch out for declines that follow a news-driven spike.

Learn about these findings and more in this recent Scopescan thread

On-chain Data

Bitcoin ETF 3-day growth accounts for 36% of November rise

Bitcoin’s warpath to $100K is evident in the latest ETF net flow data, with the $1.86B inflow across multiple ETFs from November 18-20 making up 36% of the total $5.16B flow for this month so far. With the continued rise in BTC price, even more inflows are anticipated in the coming days, unless the market decides to take profits. IBIT and FBTC are the biggest gainers for this month.

Binance’s futures listing spree

Over the past week, Binance listed five new perpetual contracts for the following tokens: memecoins $DEGEN, $BAN, and $SLERF, as well as cloud computing project $AKT and privacy blockchain token $SCRT.

The memecoins $DEGEN and $BAN saw little to no growth following the listing and are currently down by more than 40%, while $AKT managed to rise by 9% before eventually giving up that growth and then some.

$BAN was recently in the public eye amid reports of GSR Markets’s potential market maker role for the memecoin, as well as Justin Sun’s purchase of a banana taped to a wall for $6.2M. $DEGEN also got listed on OKX futures this week. Meanwhile, $AKT recently jumped by 30%, likely before the Binance perpetual listing, coupled by a substantial rise in trading volume to above $380 million.

Not included in this chart below are $SLERF and $SCRT, as these tokens’ perpetual contracts have been added on November 21, 11:30 UTC. As of 2 PM UTC, $SLERF was down 8.3% from its opening price, while $SCRT was up 1.4%.

$MAD leads memecoins in 7-day growth this week

The memecoin MemesAfterDark has been generating buzz this week with speculation of an upcoming significant IP partnership, factoring into its 267% growth over the past 7 days. Meanwhile, the $MOODENG memecoin, which is inspired by the viral pygmy hippo, was mentioned by Vitalik Buterin in his recent articles, while a whale reportedly acquired a substantial amount of this token in recent days.

Company Announcements

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Quick Bites

Bitcoin crosses $97K, continuing wild ‘Trump trade’ rally - LINK

Bitcoin futures smash through $100K barrier on Deribit- LINK

MicroStrategy stock surges 94% YTD as Bitcoin nears $100K - LINK

$47B in BTC may flow into Bitcoin L2s by 2030 - LINK

Sui Network restored after 2-hour outage in setback for ‘Solana killer’ - LINK

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0xScope Newsletter #68: Trade Memecoins Like an Expert

0xScope — Fri, 15 Nov 2024 11:17:18 GMT

How to HODL and Trade Solana Memecoins

Understanding the holding patterns of memecoins is essential for investors to develop strategies that maximize returns while minimizing risks. In this new in-depth report, the 0xScope team attempts to determine the optimal holding time for memecoins on the Solana blockchain. Key points include:

📈 Memecoins that could potentially deliver a 10x return or more would often see a significant loss (around 40%) before the price rebounds.

🤔 Profiting from memecoins is psychologically challenging, as traders can find it difficult to determine when to hold on, at the risk of incurring a total loss, and when to exit, at the risk of doing it too early and missing out on potential profits.

💰 The optimal holding period for memecoins is between 1-2 days, which aligns with the memecoin market’s volatility and speculative characteristics. In addition, short-term strategies should focus on capitalizing on early volatility spikes.

Learn about these findings and more in our latest report.

On-chain Data

BTC’s jump to new $93K high expands exchange assets by record $47.6B

Last week’s Bitcoin rally to a then-record $77,000 proved to be a prelude for an even bigger week recently, as BTC pushed further to a new, even-greater high of $93,000. With the entire crypto industry adding around $500B to its market cap in just two weeks, hitting a total of as much as $3T, major CEXes see huge boosts in their net asset values, resulting in a cumulative gain of $47.6B

About $20B of that CEX asset boom was seen on Binance, with a 14.30% growth, but even bigger increases were seen on other exchanges such as Bitget (+292.77%), Bybit (+147.64%), and Bitstamp (+80.81%). In face, Binance’s growth rate is the lowest among major exchanges, most of which saw increases in the range of 15%-31%.

NEW: Binance lists 2 new memecoins, sees as much as 47x growth on one of them

Earlier this week, Binance listed memecoins $ACT and $PNUT, and both tokens surged following their debuts on the exchange, benefiting from the recent bullish crypto market.

$ACT is one of the Solana memecoins that benefited the most from the recent bull market, growing by as much as $0.95 (+4746.94%) following its Binance listing (opening price $0.0196), before retreating a bit amid market corrections. While $ACT is currently known as a memecoin, some KOLs are suggesting that it could play a significant role in the future of AI agents, although it remains to be seen if the token’s creators have any AI-related plans beyond the current name.

Meanwhile, $PNUT, a Solana memecoin named after the US election-related viral trend about Peanut the Squirrel, is the latest beneficiary of the Elon Musk memecoin bump after the tech leader posted a subliminal tweet of a peanut emoji. This token’s rapid ascension to above-$1B in market cap also added to its positive perception among traders recently.

In addition, Binance recently introduced a new Launchpool token called Usual ($USUAL), with pre-market trading expected to start on November 19.

NEW: Top memecoins ride momentum from recent bull run

$ACT and $PNUT top the list of the top-growing memecoins this week, benefiting from the perfect storm of Bitcoin’s unprecedented surge and community-driven hype from listings on major exchanges.

A memecoin trader reportedly turned a $17 investment in $PNUT into an astounding $3 million, while a memecoin whale profited $56 million from the token. On the other hand, $ACT investors recently reported mixed results, as one memecoin trader disclosed making $2M in a week from the memecoin, while other traders who sold their holdings a day before $ACT was listed on Binance ended up suffering significant losses.

Upcoming token unlocks for $AVAX, $ARB, $STRK

This coming week, about $196.13M worth of tokens will be unlocked (among tokens with unlocks of at least $1M). The biggest unlocks will come from $STRK with $31.23M slated for November 15, $ARB with an even bigger $58.49M unlock the following day, and $AVAX with $59.63M on November 18.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

(Editor’s Note: This is likely the final newsletter appearance for the Exchange Asset Changes and Token Cliff Unlock charts. The 0xScope team strives to present on-chain data that aligns with our readers’ key interests, starting with the introduction of two new tables above. We look forward to your feedback regarding what you want to see in this newsletter.)

Company Announcements

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"Simplifying complex blockchain-based Web3 with the power of data and AI will help optimize investment strategies." - 0xScope CEO Phillip Torres

The 0xScope team continues to make waves globally, this time in an interview with our CEO on Korean media. For our community members in Korea, here’s the full article.

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Quick Bites

Bitcoin surges to new record over $93K as strong U.S. demand crushes resistance level - LINK

Hitting and holding $100K Bitcoin price depends on $11.8B end-of-year BTC options expiry - LINK

El Salvador's Bitcoin stash rises Above $500M, but Bhutan story might be even bigger - LINK

Memecoin mania tops $125B amid lore of investors ‘turning $1,000 into $1M’ - LINK

Bitcoin, Ethereum ETFs see first outflow since election - LINK

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0xScope Newsletter #67: 2024 CEX Listings - Pump or Dump?

0xScope — Fri, 08 Nov 2024 12:20:03 GMT

2024 CEX Listings: Pump or Dump?

We checked 200+ tokens that were listed on major exchanges this year to see if they're still thriving since their listings. Here's what we found:

🪂 Bybit's aggressive listing strategy greatly increased its trading volume this year, while its users end up being exposed to tokens that either end up growing beyond 100% or declining by above 75%

📉 About 87% of Binance spot listings are currently trading below their open price, and the rest are mostly meme coins that start from a small initial market cap.

🤡 Memecoins are the best-performing category among newly-listed tokens this year. About 45% of memecoin listings bring positive ROI for CEX users, while 96% of infrastructure-related listings (Layer 1/2, etc.) are still struggling to return to their listing prices.

Learn about these findings and more in our latest report.

How ETF Net Flows Impact Bitcoin Price

Bitcoin recently achieved a new all-time high of $75,000, while crypto-friendly Republican candidate Donald Trump won the U.S. election. But before this recent boom, the approval of ETFs in January 2024 was previously responsible for Bitcoin's gradual surge from $38,000 to $73,000 earlier this year.

However, since April 2024, despite continued inflows into ETFs, Bitcoin's price has not reached new highs. This raises the question: what has been the impact of ETF inflows on Bitcoin's price since April?

Read this article for more details.

On-chain Data

As BTC hits new ATH, exchange assets grow by $7.6B

Bitcoin is on a historic week. Fueled by global events and unprecedented bullishness, BTC reached a new record high at almost $77,000, with barely any sign of stopping. Major exchanges boosted their net assets by $7.6B thanks to this market momentum, with all exchanges seeing growth across the board. The top growth percentages go to Kraken (10.47%) and Binance US (9.99%).

Upcoming token unlocks for $XAI, $CYBER

This coming week, get ready for the unlocking of $7.54M worth of $XAI tokens on November 9, followed by the $2.84M unlocking of $CYBER tokens on November 13.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

BTC price sets fresh all-time high near $77K amid 'long squeeze' fears - LINK

Bitcoin ETFs see record $1.3B inflows on Trump win, Fed rate cuts- LINK

Fed cuts rates by 25 basis points, Bitcoin price at record as Powell says Trump win has 'no effect' on policy - LINK

Ethereum Foundation reports crypto holdings of $788M, tightens conflict of interest policy for staff members - LINK

Solana climbs above $200, Bitcoin hits new high amid extended post-election rally - LINK

Thanks for reading the 0xScope Newsletter! Learn more about 0xScope:

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0xScope Newsletter #66: The Most Impactful Memecoin Trading Signals

0xScope — Thu, 31 Oct 2024 11:40:09 GMT

0xScope Releases In-Depth Analysis on the Memecoin Phenomenon

Memecoins, or digital assets inspired by pop culture phenomena and Web3-associated subcultures, hit peak popularity among a growing number of crypto traders in recent years. This Scopechat Research report discusses some of these phenomena, with rigorous data-backed analysis of the top memecoins in the market. Here are some of our findings:

📈 Meme tokens have exhibited exceptional performance during this bull run, frequently surpassing traditional venture capital (VC) tokens.

📶 These signals are more relevant than others when trading memecoins: 24H Smart Money Sales (for tokens below $10M market cap), Holder Increase ($10-$100M market cap), and 24H DEX Transactions (above $100M market cap).

🔗 Memecoin price is strongly correlated to these factors: transaction volumes, DEX buys and sells, and KOL popularity.

Learn about these findings and more in our latest Scopechat Research report.

Analyze Memecoins on Scopechat

This Scopechat Research report on memecoins just scratches the surface on the wealth of information that Scopechat can provide about the hottest memecoins in the market. To see more in-depth information on each individual memecoin, you can use Scopechat's Find Token dashboard, which shows you the tokens with the highest growth potential within the next 24 hours.

In this dashboard, tokens are listed according to their AI Score, an AI-generated points system based on an analysis of an asset's market trends, historical performance, on-chain transactions, and Twitter and news content.

The Find Token dashboard also features custom filters that you can use to narrow down your crypto research and alpha-hunting. To see all of the memecoins in this dashboard, you can go to the Subnarrative filter and choose the Meme option. Now, you can get a view of the most trending memecoins in the market, in just one dashboard.

Sign Up for Scopechat

On-chain Data

As BTC nears ATH, CEXes see $7.7B asset value growth

Bitcoin went up 8% this week to above $72,000 and is teasing a potential new record high amid a bullish crypto market. Unsurprisingly, major exchanges saw their collective net assets appreciate by $7.7B, led by Binance’s $4.5B growth and Bitstamp’s 7.85% rise. Only Kraken saw its assets shrink, with a 3.02% decline.

Upcoming token unlocks for $ZETA, $MEME

This coming week, get ready for the unlocking of $37.68M worth of $ZETA tokens on November 1, followed by a bigger unlock of $41.07M worth of $MEME tokens on November 3.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

Bitcoin surges above $71K as wild crypto market pump sees $175M in shorts llquidated - LINK

Bitcoin investors pile $875M into BlackRock fund amid crypto rally - LINK

NYSE seeks to list Grayscale crypto index ETF - LINK

Michael Saylor's MicroStrategy plans to raise $42B to buy more Bitcoin over next 3 years - LINK

GRASS becomes 'most distributed' Solana airdrop as nearly 1.5M addresses claim tokens - LINK

Thanks for reading the 0xScope Newsletter! Learn more about 0xScope:

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0xScope Newsletter #65: Stronger Portfolio Tracking with Scopechat

0xScope — Thu, 24 Oct 2024 14:24:08 GMT

Track Your Portfolio Better with Scopechat’s New Features

Scopechat has rolled out several major updates, aimed at providing a richer portfolio management and market intelligence experience for all of our users.

Since Scopechat launched its AI Portfolio Tracker feature last month, we have listened to user feedback and developed features and enhancements such as:

📊 Manual Portfolio Tracking: Monitor all your assets without needing addresses or API keys. Manually input your trades to further customize your portfolio management experience.

👀 DeFi Positions: Get a comprehensive, easy-to-understand overview of your different DeFi positions across multiple platforms and protocols.

🚦Portfolio Signal Filters: Sort trading signals on any specific token in your portfolio, based on signal type and success rates.

📰 Sort News/KOLs by Token: Filter your portfolio’s news and social media mentions based on your top holdings or specific tokens.

🪙 Daily credits for free users to try Scopechat Pro-exclusive features.

Read this blog for more details.

The 0xScope 2024 CEX Market Report

The 2024 CEX Market Report from the 0xScope team evaluates major shifts in the market shares of various centralized exchanges (CEXs) over the past year. In this year's report, the 0xScope team covered 22 of the biggest CEXes, which processed a total of $54 trillion in trading volume. Here are some of the findings:

📊 Total Volume: Binance retains its leadership of the global CEX market, but its market share has decreased from 51.2% to 41.68%. OKX, Bybit, and Bitget have become the biggest beneficiaries of Binance's market share reduction.

💸 Spot Trading: Binance's market share decreased by 13% YoY but still leads, Bybit jumped from seventh to second place in the rankings.

📈 Derivatives Trading: Binance's market share fell by 8.4% YoY, while OKX, Bybit, and Bitget saw significant gains.

💰 Exchange Tokens: $BNB dominates the market, while $MNT surpasses other tokens in trading volume due to its Layer-2 platform.

Read the full report here

On-chain Data

Side $11.7B to CEX asset values

This week, Bitcoin went up from $67,000 to $70,000, then down by as low as $65,000 before returning to its original price at the start. During this whirlwind trend in Bitcoin prices, all major exchanges saw smaller net asset valuations except for one: Bitget with 2.23% growth. The hardest-hit exchange this week was HTX, whose net assets went down by 8.27%, followed by OKX with a 5.18% decline.

Upcoming token unlocks for $ALT, $OP

This coming week, get ready for the unlocking of $21.71M worth of $ALT tokens on October 25, followed by $OP’s unlock of $41.07M in tokens on October 29.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

BTC price aims for $68K as US unemployment beat ups Fed rate cut odds - LINK

Ethereum ‘Verge’ upgrade to enable nodes on phones and smartwatches - LINK

Stripe in $1.1B acquisition deal for stablecoin platform Bridge - LINK

Kraken picks Optimism for new Layer-2 network, joining Coinbase's Base on 'Superchain' - LINK

Binance loses ground to rivals, DEX’s on the rise - LINK

Thanks for reading the 0xScope Newsletter! Learn more about 0xScope:

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0xScope Newsletter #64: Our Exclusive Report on the EigenLayer Airdrop

0xScope — Fri, 18 Oct 2024 14:50:39 GMT

0xScope Probes the EigenLayer Airdrop's Biggest Beneficiaries

The 0xScope team recently looked into the $EIGEN airdrop to find out not only the top TVL contributors of EigenLayer but also the whales that received a significant amount of tokens Here are our findings:

Puffer Finance currently contributes the most to EigenLayer's TVL at around 429,000 $ETH (26.2%), followed by Mantle Treasury with 100,000 $ETH (6.1%). In fact, only 8 addresses are responsible for 59.3% of Eigenlayer’s TVL, with 94,174 addresses accounting for the remaining 40.7%.

Two addresses used for EIGEN/WETH pools received 10.81M of airdropped $EIGEN tokens ($38.9M, 5.4% of the total airdrop). Renzo Protocol’s Restaked $EIGEN gained 3.8M EIGEN ($13.75M, 1.9%).
On May 11, TRON founder Justin Sun's address received 2M of EIGEN token, which is much earlier than anybody else. In total, by October 9, he received 6.213M EIGEN (3.1% of total airdropped token, $22.4M now), 2M of which was deposited back to the EigenLayer protocol. Interestingly, the remaining 4.213M EIGEN was then transferred to 2 different HTX deposit addresses possibly related to the TRON founder.

TIP: You can find more information about the largest and most notable holders of EIGEN and thousands of other digital assets through Scopechat. Just go to the Scopechat website and use the Search function to look for the crypto token you want to track, and then Scopechat will show you comprehensive information about your chosen token. This wealth of data that you can explore includes the holder structure of tokens like $EIGEN, as shown below.

On-chain Data

Bitcoin’s bull run adds $11.7B to CEX asset values

With Bitcoin rising from $61,300 to as much as $68,200 this week, the ensuing bullish crypto market this week lifted asset values for major exchanges, which collectively grew by $11.7B, about $6.9B of which was on Binance. Deribit’s 10.78% growth leads all major CEXes, while Kraken only barely benefited from the bull run with just a 0.46% rise.

Upcoming token unlocks for $PIXEL, $ID

This coming week, get ready for the unlocking of $7.78M worth of $PIXEL tokens on October 19, followed by $ID’s unlock of $6.96M in tokens on October 22.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

Global Bitcoin ETFs register biggest seven-day inflow since July - LINK

BlackRock leads $1B Bitcoin ETF ‘flowmageddon’ as price nears $70,000 - LINK

Vitalik Buterin wants Ethereum to hit 100K transaction per second with rollups - LINK

Tesla moves $765M in Bitcoin to unknown wallets, putting Musk’s crypto plans in the spotlight - LINK

DEXs struggle to compete with CEXs as futures trading volumes shift back - LINK

Thanks for reading the 0xScope Newsletter! Learn more about 0xScope:

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0xScope Newsletter #63: Stay Informed About Web3 News with Scopechat

0xScope — Thu, 10 Oct 2024 13:25:41 GMT

Scopechat Daily Market Report: Your Everyday Dose of Alpha

The Scopechat Daily Market Report is our new AI-powered daily report that summarizes all the key events and metrics relevant to the crypto market. This report ensures that you are always up-to-date with the latest market trends and upcoming events.

You can also download an image version of the report, including your preferred customizations, by clicking the Share button at the top-right side of the screen when you’re on the Report page.

Read the latest report here.

View and Manage All Your Crypto Holdings in One Place with the Scopechat AI Portfolio Tracker

With Scopechat’s AI Portfolio Tracker, you don’t need to open multiple websites and apps to get all the information you need about the crypto tokens you hold. All you need to do is to connect your wallets and exchange accounts to your Scopechat account to get instant information like:

Portfolio Balance and Statistics - View all your assets in one page, complete with statistics, recent changes, and more.
AI-Powered Portfolio Analysis - Choose from four AI models (Vitalik Bot, Roast Bot, Boost AI, and Analysis Bot) and generate customized summaries of your portfolio.
Hot Signals - See the latest trading signals for all the tokens in your portfolio.
Token News - Explore this up-to-date feed of breaking news and media coverage regarding the tokens in your portfolio.
Twitter Mentions - See the latest social media sentiment on your portfolio’s tokens, complete with win rates for each influencer.

Try the Scopechat AI Portfolio Tracker here! Also, read this blog for more details.

On-chain Data

Binance, Bitfinex shine in CEXes’ $10.3B asset rebound

Amid a sideways crypto market this past week, Binance’s net assets grew in value by $10.7B while Bitfinex added $237M. This was more than enough to make up for minor losses across other major exchanges, most of which saw losses between 0.1% (HTX and Deribit) and 4.1% (Bybit).

Upcoming token unlocks for $AXS, $ARB, $STRK

This coming week, there are three major token unlocks worth more than $20M: $AXS’ $56.32M on October 14, $STRK’s $24.35M on October 15, and $ARB’s 48.87M on October 16.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

Now Hiring: Russian Ambassador for 0xScope

Are you passionate about Web3 space and fluent in both Russian and English? 0xScope is looking for a talented Russian Ambassador to help us expand our reach in the Russian market.

What We’re Looking For:

1. Fluency in Russian and English.

2. Experience in developing the Russian market, with a strong understanding of local trends and user behavior.

3. Ability to connect with key opinion leaders (KOLs) and influencers in the Russian Web3 ecosystem.

4. Proven track record of growing market presence through strategic partnerships and community engagement.

If you’re interested, join our Discord and open a ticket to apply.

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

Bitcoin price stands still amid higher-than-expected CPI report - LINK

Bitcoin will rocket to $200,000 in 2025 no matter who wins the US election, Standard Chartered says - LINK

47% of traditional hedge funds maintain crypto exposure: Report - LINK

Trump-connected World Liberty Financial formally proposes launching on Aave's Ethereum mainnet instance - LINK

Supreme Court allows the US to sell 69,370 seized Silk Road Bitcoin - LINK

Thanks for reading the 0xScope Newsletter! Learn more about 0xScope:

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0xScope Newsletter #62: Scopechat Launches AI Portfolio Tracker + Swap

0xScope — Fri, 04 Oct 2024 12:01:09 GMT

Scopechat Introduces the AI Portfolio Tracker: One-Stop Page for Managing Your Assets

Scopechat has launched the AI Portfolio Tracker, a new major feature that redefines the way you manage all your crypto wallets and exchange accounts, thanks to the power of AI.

The Scopechat AI Portfolio Tracker is a portfolio management platform that connects all your wallets and exchange accounts into one comprehensive dashboard for tracking your portfolio's assets, generating AI-powered analysis, and checking the latest trading signals, news, and social media posts about the tokens you own.

With Scopechat AI, go beyond tracking:

🤖 AI summaries: 4 bots to choose from

📈 Trading signals, news, and KOL posts matching your assets

📊 Advanced portfolio stats

Try the Scopechat AI Portfolio Tracker here! Also, read this blog for more details.

Swap on Scopechat: Turn Alpha into Winning Trades in Seconds

Scopechat has introduced token swaps with the launch of an AI-powered DEX Aggregator that takes alpha discovery to the next level.

By adding token swap functions to Scopechat, users can spot high-impact trading signals and leverage AI analysis of the most trending Web3 tokens and narratives of the moment, then proceed to act quickly by swapping tokens via Scopechat.

🛒 Swap/bridge thousands of tokens across 15+ blockchains

🤖 Let AI recommend trending tokens to swap

📈 Interactive charts w/ trading signals

Swap on Scopechat, try it here! Do you want to learn how it works? Read this blog and the Scopechat Guide.

On-chain Data

CEX assets tumble by $9.4B amid market fears

This past week, Bitcoin fell off by around 6%, while several major altcoins saw double-digit declines, fueling a $9.4B value drop in exchanges’ holdings. While $5B of that loss came from Binance, it only represents a 4.41% fall. The hardest-hit exchange was HTX with a notable 28.72% fall, while two more exchanges saw double-digit declines: Kraken with 16.87% and Bitget with 14.01%.

Upcoming token unlocks for $XAI, $GAL

This week, watch out for the unlocking of $6.04M worth of $GAL tokens on October 5, followed by a bigger $6.78M unlock for $XAI on October 9.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

Now Hiring: Russian Ambassador for 0xScope

Are you passionate about Web3 space and fluent in both Russian and English? 0xScope is looking for a talented Russian Ambassador to help us expand our reach in the Russian market.

What We’re Looking For:

1. Fluency in Russian and English.

2. Experience in developing the Russian market, with a strong understanding of local trends and user behavior.

3. Ability to connect with key opinion leaders (KOLs) and influencers in the Russian Web3 ecosystem.

4. Proven track record of growing market presence through strategic partnerships and community engagement.

If you’re interested, join our Discord and open a ticket to apply.

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

Crypto prices tumble with Ethereum below $2,500 as Iran fires missiles at Israel - LINK

Bitcoin ETFs register net outflows for third straight day - LINK

Bitcoin, gold could benefit from rising geopolitical tension and U.S. election: JPMorgan - LINK

Bitcoin dominance nears 3-year high amid altcoin weakness - LINK

TeraWulf sells $92 million stake in nuclear-powered bitcoin mine to fund AI diversification - LINK

Thanks for reading the 0xScope Newsletter! Learn more about 0xScope:

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0xScope Newsletter #61: Using AI to Assess Fed Rate Impact on Bitcoin

0xScope — Thu, 26 Sep 2024 13:43:41 GMT

Thank You For Supporting 0xScope’s $mSCOPE

We’re proud to report that among all the participants who joined our successful AI Fest, a whopping 99.69% chose to retain their $mSCOPE rewards. We see this as concrete evidence that the 0xScope community supports the Web3 + AI vision that we’re building.

In addition, we’d like to show our appreciation for our community’s continued engagement with the 0xScope team. We’ve completed the processing of refund requests on AI Trading fees spent during the 0xScope x Mantle AI Fest on September 20. Thanks to all who joined our campaign, and stay tuned for more exciting updates from 0xScope!

0xScope Analysts Use AI to Assess the Impact of Fed Rate Changes to Bitcoin

Following the Federal Reserve's recent interest rate cut, crypto markets have seen renewed vitality, sparking optimism across the digital asset space. Utilizing the sophisticated AI-driven insights provided by Scopechat, the 0xScope team explored how digital assets like Bitcoin reacted to the latest economic developments.

Here are some of our latest findings:

During the Fed Fund Rate cut of 50 basis points (bps) on September 18, Bitcoin went up by 2.40%, from $60,314 to $61,760.
Following an extended period of interest rate hikes, the first rate cut often correlates with a substantial increase in Bitcoin's price. That’s exactly what happened during the recent rate cut, as well as a similar instance back in July 30-31, 2019, when Bitcoin rose by 5.81% following a 25 bps cut.
The rate cut did not have a significant impact on the open interest of BTC perpetual markets. In fact, the open interest slightly increased from $30B to $35B.
Many large institutions benefited from their Bitcoin transactions prior to the rate cut. Microstrategy recently purchased 18K $BTC before the cut, and this transaction resulted in about $55M of profit for the company.

Read this article for more details.

On-chain Data

CEX assets’ $3.7B boost highlights a bullish week.

September has been good for CEX assets, with this week’s $3.7B growth following up the $9.4B gains previously recorded over the first half of the month. Bitcoin is gradually getting close to $65,000 levels, while most altcoins have been in the green over the past week. Exchanges that benefited the most from this boost are Bitget (+14.10%) and HTX (7.21%), and while most of the other exchanges registered modest changes to their net assets, Binance US suffered a 27.21% loss to net asset values.

Upcoming token unlocks for $OP, $ZETA

This week, watch out for the unlocking of $41.07M worth of $OP tokens on September 29, followed by a $34.21M unlock for $ZETA on October 1.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

Bitcoin jumps over $64K on China stimulus; IBIT options could provide longer-term boost - LINK

US spot Bitcoin ETFs post fifth straight day of inflows worth $105.8 million - LINK

BlackRock Bitcoin ETF posts September's biggest daily inflow of over $180M - LINK

Tokenized asset market to hit $10T by 2030: Chainlink report - LINK

Hamster Kombat token goes live for trading with airdrop to 131 million user accounts - LINK

Thanks for reading the 0xScope Newsletter! Learn more about 0xScope:

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0xScope Newsletter #60: Upgrade Complete

0xScope — Fri, 20 Sep 2024 10:23:41 GMT

Bitcoin Poised for Potential Rally as Federal Reserve's Potential Interest Rate Reduction

The research team at 0xScope analyzed the relationship between interest rate changes and Bitcoin price movements. This study covered pre-pandemic, post-pandemic, and recent periods, encompassing the last five interest rate adjustments.

Read this new article for more details.

0xScope Technical Upgrade Complete

Scopechat & Scopescan recently resumed online operations, following a significant technical upgrade on 0xScope systems that took the products online for ~72 hours. Thank you for your patience during our recently concluded technical upgrade.

From September 15 to 30, both Scopechat and Scopescan will be completely accessible, no logins needed.

Soon, we will also gradually roll out new game-changing features like omni-chain swaps, asset management, AI price predictions, custom data dashboards, and more!

As we launch these new features, we will also start to open up new user registrations and upgrade our account system. Stay tuned!

(Note about AI Fest prize details: We have extended the deadline for availing refunds on AI Trading fees during the 0xScope x Mantle AI Fest to September 19. All refunds will be processed on September 20.)

On-chain Data

Market recovery causes 2-week $9.4B boost for CEX assets

With Bitcoin and many other altcoins resurging over the past two weeks, major exchanges got a $9.4B cumulative boost to their asset valuations over the past 2 weeks. The biggest hikes came from Bitget (+7.52%) and Crypto.com (+7.25%), while Kraken saw its assets decline by 18.11%.

Upcoming token unlocks for $ID, $ALT

This week, watch out for the unlocking of $28.39M worth of $ENA tokens on September 22, followed by a $22.06M unlock for $XAI on September 25

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

0xScope Leaders’ Talks at Token2049

The 0xScope team recently participated in insightful discussions at various events during Token2049 week in Singapore.

Co-Founder/COO Raffaele Ragini joined the AI Panel at Timestamp2024, co-hosted by ABCDE Labs and Solv, on Sept. 17

Meanwhile, Co-Founder/CPO Jackson was one of the resource speakers at TRADER DAY, co-hosted by SevenX ventures, FC 0x0, CoinSummer Labs, and BeWater, also on Sept. 17

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

Bitcoin nears $64K as BTC futures attract billions - LINK

'Satoshi Era' wallets move $16M in Bitcoin after 15 years of dormancy - LINK

Eclipse targets October to launch ‘Solana on Ethereum’ L2 - LINK

Judge dismisses Consensys lawsuit against SEC over MetaMask and Ethereum claims - LINK

BingX confirms ‘minor’ losses amid panic over hot wallet movements - LINK

Thanks for reading the 0xScope Newsletter! Learn more about 0xScope:

Website | Twitter | Telegram | LinkedIn | Discord

0xScope Newsletter #59: Meet Us at the Delysium AI Workshop

0xScope — Thu, 05 Sep 2024 11:33:29 GMT

0xScope Joins Delysium’s AI Workshop at Korea Blockchain Week

Our Co-Founder and COO Raffaele Ragini will share 0xScope's latest Web3 + AI innovations in an insightful AI Synergy panel tomorrow, during the Delysium AI Workshop. Also joining the panel: Delysium, iZUMi Finance, Sign, EthSign

If you're in Seoul for Korea Blockchain Week, meet the 0xScope team at the Delysium AI Workshop on Sept. 6, 2 PM UTC+9. Sign up here to join.

The 0xScope team will be in Seoul until Sept. 7. Let’s meet to discuss how our Web3 + AI gives you unprecedented leverage regardless of crypto market conditions. Contact us via DM on the 0xScope X/Twitter account for more details.

A Message from Our Co-Founder: How 0xScope Fills the Data Gap for Crypto Institutions

We’re sharing a recent statement from 0xScope Co-Founder Jackson:

Recently, many primary market institutions in Web3 have transitioned to operating in the secondary market. However, the biggest issue is that the primary market's inertia lies in its desire to find the "reasons" or triggers for token price fluctuations through highly logical thinking. Many primary market institutions generally have not accumulated much data in this area.

Fortunately, 0xScope has made significant strides and attempts in this regard, and we are also considering monetizing these achievements. 0xScope can give a decisive advantage to Web3 institutions, given our extensive experience and expertise regarding the accumulation, processing, and presentation of Web3 data.

The Web3 data we have accumulated so far include, but are not limited to:

Public opinion data (recent events and public sentiment on specific tokens, Web3 topics & narratives that people are talking about online, all processed by AI)
On-chain data (tokenomics, major changes, potential anomalies, large transactions, address holdings, etc.)
Exchange data (historical transactions, large orders, buy and sell, open interest, technical indicators, funding rate, etc.)
Fundamental data (ETF inflows and outflows, recent market news, US dollar CPI, stablecoin situation)

Find out how we can help your crypto institution reach the next level in finding alpha, with the power of Web3 + AI. There’s nothing we can't handle; only things you haven't thought of.

Interested institutions are welcome to reach out and communicate with Jackson on X/Twitter for more information.

On-chain Data

Exchanges see $15B asset decline in 2 weeks

Crypto markets have slowed down over the past two weeks, with Bitcoin failing to escape sub-$60,000 prices this month. Major exchanges followed last week’s $7.1B decline with another $7.7B fall this week, with Binance accounting for $4.7B. Binance US was the only bright spot with 2.18% growth, while Kraken and HTX saw double-digit declines of 11.39% and 10.46%, respectively.

Upcoming token unlocks for $ENA, $XAI

This week, watch out for the unlocking of $3.25M worth of $ENA tokens on September 8, followed by a $6.56M unlock for $XAI the day after.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Recent Whale Activities, Detected by Scopescan

Here are the latest notable whale transactions, based on Scopescan analysis:

An Abraxas Capital-related address received 10M $USDT from Aave and deposited all of them to Coinbase. This address also received 5K $ETH ($13.4M) from Spark.fi and sent all of these to Lido.
A whale withdrew 6.9K $ETH ($17.8M) from Renzo Protocol and deposited all of them to Binance. The whale previously staked the $ETH at $2,636, which means losing $765K if it sells all the $ETH now.
In the past month, a whale withdrew 40M $USDC from Binance and used them to buy $ETH on DEXes.

Unlock more whale alpha with Scopescan, our comprehensive toll suite for Web3 transaction analysis and more. Sign up for Scopescan here.

Company Announcements

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

Bitcoin still 10% down post-halving amid record delay to all-time high - LINK

US spot bitcoin ETFs continue to bleed with $37 million in net outflows - LINK

Ethereum ETFs shed $476M in first 30 days, but there’s a ‘light at the end of the tunnel’ - LINK

Ripple and SEC agree to stay $125M judgment, hinting at appeal - LINK

Uniswap jumps after $175,000 settlement with CFTC - LINK

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0xScope Newsletter #58: See You At Korea Blockchain Week!

0xScope — Thu, 29 Aug 2024 11:52:03 GMT

0xScope Goes to Korea Blockchain Week!

The 0xScope team is flying to Seoul, South Korea, for Korea Blockchain Week, where we will meet with the movers and shakers at the intersection of Web3 and AI.

We're proud to be Delysium's co-host for its upcoming side events at KBW, and we’d like to meet you there to discuss how 0xScope can help propel your Web3 business into the AI-powered future!

Meet the 0xScope team in Seoul from Aug. 31 to Sept. 7. Contact us via DM on the 0xScope X/Twitter account for more details.

AI Fest Top Prize, $MNT Distribution, $mSCOPE Options

Good News: We recently finished distributing the 300,000 $MNT prize pool from the 0xScope x Mantle AI Fest. To our 0xScope community, thank you so much for joining the AI Fest, and congratulations to all the winners!

We would also like to thank Mantle for recognizing 0xScope as the top project based on the number of users and transactions brought into the Mantle ecosystem. 0xScope is proud to be your partner in moving Web3 + AI forward.

One more thing: At 0xScope, we value your insights and feedback. So we've decided to give you two choices for getting your rewards:

Option 1: Keep Your Rewards. Retain all your earned $mSCOPE (0xScope tokens) + the $MNT rewards. No action is needed.

Option 2: Request a Refund. Get a refund on your AI Trading fees from the campaign. You will still receive 30% of the $mSCOPE you earned + your $MNT rewards.

Please go to https://ai.0xscope.com/campaign from Aug. 28, 10 AM UTC, to Sept. 11, 10 AM UTC, to request a refund. Option 1 will be the default choice if you do not go for the refund after this period.

Note: The other 70% of the $mSCOPE from the users who picked the refund option will be re-distributed to those who chose to keep their $mSCOPE rewards.

By giving our users the freedom of choice, the 0xScope team shows its dedication to doing what's best for the community. We sincerely hope you will continue this journey with us, as more exciting products and campaigns are coming. We thank you for your continued support of 0xScope.

On-chain Data

Exchange assets grow by $6B as markets rebound

The $6B in asset growth that exchanges saw in the previous week had just been wiped out, and then some, as crypto markets slowed down for most of the past 7 days. Amid this week’s $7.1B net asset declines, only one exchange managed to buck its peers’ downward trend: Kraken, with 1.59% growth. Meanwhile, Binance saw the heaviest decline, accounting for $6B of the losses, or -5.30%.

Upcoming token unlocks for $ZETA, $DYDX

This week, watch out for two major token unlocks on September 1: $8.1M worth of $DYDX tokens and an even bigger $26.75M unlock for $YGG.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

0xScope Co-Founder Shares Web3 + AI

Our Co-Founder Jackson shares his insights about the latest innovations in Web3 + AI. In this Chinese-language AMA hosted by ZAN, Jackson is joined by other prominent thought leaders in the Web3 space, so make sure to catch this X/Twitter Space happening on Aug. 29.

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

Bitcoin price falls below $59K amid broad market rout; Ether slumps almost 10% - LINK

Telegram-linked TON blockchain suffers second outage - LINK

How Telegram founder’s arrest echoes Tornado Cash prosecutions - LINK

OpenSea NFT marketplace targeted by SEC in potential securities case - LINK

Crypto markets poised for resurgence as Fed signals looming rate cuts: analysts - LINK

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0xScope Newsletter #57: How We Won the Top Prize in Mantle AI Fest

0xScope — Fri, 23 Aug 2024 10:46:07 GMT

0xScope Gets the 300,000 $MNT Top Prize in Mantle AI Fest

Thanks to your strong support, 0xScope has won the biggest prize pool in Mantle AI Fest, with 300,000 $MNT to be distributed soon to qualified participants. Our success is all yours, as we could not have achieved it without your proactive use of AI Trading on Scopechat and your enthusiasm in completing the tasks on Scopechat.

This achievement was made possible by the following factors:

Scopechat brought in $528.3M in trading volume to Mantle.

The most tangible measure of a project’s impact on the growth of a Web3 protocol like Mantle and the DeFi projects on those networks is its capability to drive user and volume growth, as Scopechat has evidently shown during AI Fest.

Leveraging AI to solve Web3 problems yields great results.

When the 0xScope team started working with Mantle for the AI Fest, we made sure to showcase what AI can do to enhance and simplify the DeFi trading experience. The high trading volumes and achievements we reached during the campaign show that people in Web3 are more than ready to use 0xScope’s AI solutions for Web3 platforms.

Holistic campaign planning lifts not just 0xScope but also our partners.

Our liquidity partnerships with AGNI Finance and iZUMi Finance, including their prize pool contributions, exhibit how DeFi and AI can work together to boost business while also making it easier for Web3 users of all levels to transact in DeFi platforms.

Speaking of AGNI Finance and iZUMi Finance, here are more details about their own prize pool distributions:

AGNI Finance has released its winners’ list and announced that they will distribute the prizes automatically in the next 7 days.
Meanwhile, iZUMi finance said that its 50,000 $MNT pool will be distributed to participants based on the trading volume generated during the campaign period.
Eligible addresses can now claim the airdrop here. The claim period will last for 2 weeks.

0xScope Partners with PredX

We welcome PredX, an AI-driven multichain prediction market, to the 0xScope Web3 + AI Ecosystem.

We will explore synergies and growth opportunities for 0xScope's game-changing Web3 AI Data Layer and PredX's innovative solutions for Web3-based prediction markets. Stay tuned for more exciting updates about this new partnership!

On-chain Data

Exchange assets grow by $6B as markets rebound

There are more winners than losers in the crypto markets this past week, as exchanges see their asset values expand by another $6B, following the $4.9B growth from the previous week. Among major exchanges, the biggest winner is HTX, the only one with a double-digit increase of 13.48%, followed by Kraken’s 8.15% rise. While most exchanges saw slight increases, Bybit and Binance US were in the red, with declines of 1.22% and 1.74%, respectively.

Upcoming token unlocks for $ALT, $YGG

This week, watch out for the major unlocking of $18.65M worth of $ALT tokens on August 25, followed by the $5.58M unlock for $YGG on August 27.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

0xScope CEO Shares Web3 + AI Insights in 2 Events

Our CEO Phillip Torres continues to establish his reputation as a major thought leader in Web3 through the following online events:

MagicSquare X/Twitter Space (August 16). In this exciting round table discussion about AI + blockchain synergies and progress, Phillip shared what 0xScope has done to spearhead this movement.

Coincall X/Twitter Space (August 20). In this discussion on how to navigate crypto market meltdowns, the 0xScope CEO provided his insights on the right strategies for bearish situations, including some help from reliable Web3 analytics solutions.

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

Spot Ethereum ETFs record longest outflow streak amid drying investments - LINK

Mt. Gox shifts $700M in Bitcoin, first major move in 3 weeks - LINK

Crypto OTC desks now hold over $22B in Bitcoin - LINK

Solana protocol teases market for Gamestop-style short squeeze of $53B memecoin market - LINK

Binance resumes operations in India after regulatory hiatus - LINK

Thanks for reading the 0xScope Newsletter! Learn more about 0xScope:

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0xScope Newsletter #56: How to Expand Your Web3 Project With AI

0xScope — Thu, 15 Aug 2024 13:05:49 GMT

How 0xScope Boosted Mantle’s Volume and Reach with AI

The recently concluded 0xScope x Mantle AI Fest, which brought in $528.3M worth of trading volume for the Mantle network, has given everyone a glimpse of how 0xScope’s AI solutions can help expand the reach and potential of any Web3 project.

Layer-2 (L2) platforms like Mantle have recently become reliable growth drivers for Web3 due to their crucial roles in scaling the industry’s most important blockchain networks to bigger audiences. To bring out the full potential of your Web3 protocol, we have created AI-powered innovations that solve the crypto industry’s most pressing challenges and fuel unprecedented growth.

Here are three of the many reasons why 0xScope’s AI solutions can help your Web3 protocol stand out from the rest.

AI Trading on Scopechat enhances trading volume and introduces a better way to trade.

Mantle’s integration of Scopechat’s AI Trading feature not only increased the platform’s total trading volume but also introduced Mantle’s users to a new AI-powered solution that allows them to execute on-chain transactions more intuitively.

Simply put, instead of having to learn the intricate steps of doing DeFi transactions like trading and staking, Scopechat AI Trading can do all the hard work for you. All you have to do is to ask a question to our AI.

0xScope’s AI solutions help your project onboard more users

0xScope’s trading assistant Scopechat and Web3 analytics platform, both enhanced by our AI-powered Web3 data layer, deliver the most reliable answers to your most important Web3 questions. By working with 0xScope, your project can get the attention of more than 1 million users, with several possibilities available such as Web3 + AI integration, access to the most comprehensive database in Web3, and more.

Expand your network and growth potential with the 0xScope ecosystem.

0xScope’s grand vision is to become the AI backbone of the world’s biggest Web3 networks and projects. We want to make Web3 ecosystems smarter and protocols simpler and more interoperable. Our recent integration with Mantle is just one part of our continued work with over 200 global partners to help take them to the next level with the power of AI. By being one of our partners, you can benefit not only from our AI solutions but also from potential synergies with our ever-growing network of Web3 projects.

0xScope was able to deliver these results in just a few weeks for Mantle (see image below). We can’t wait to show you what we can do for more Web3 projects in the future.

On-chain Data

Exchanges see $4.9B asset boost amid sideways market

This week, exchanges saw less market volatility compared to the previous week’s flash crash that sparked a $17.2B asset decline. Major exchanges cumulatively regained $4.9B in net asset values, with Kraken becoming the biggest winner with 12.78% growth. Most of the other major exchanges saw growth in the low single digits, while smaller exchanges mostly declined, with Deribit having a bad week after an 8.08% fall.

Upcoming token unlocks for $AVAX, $ARB

This week, watch out for the major unlock of $51.81M worth of $ARB tokens on August 16, followed by an even bigger $199.59M unlock for $AVAX on August 20.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

0xScope CEO Joins PredX AI Discussion Panel

Our CEO Phillip Torres shared his thoughts on AI and Memecoins during a recent X/Twitter Space hosted by PredX.ai and joined by more Web3 experts.

Listen to the X/Twitter Space here.

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

Bitcoin drops to $58K after U.S. CPI print, BTC ETFs record $81M outflow - LINK

US government moves $600M in Silk Road Bitcoin to Coinbase - LINK

Goldman Sachs holds over $400M in Bitcoin ETFs - LINK

SEC approves the first leveraged MicroStrategy ETF - LINK

PayPal’s $733m stablecoin is growing faster on Solana than Ethereum - LINK

Thanks for reading the 0xScope Newsletter! Learn more about 0xScope:

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0xScope Newsletter #55: Thank You for Joining the AI Fest!

0xScope — Fri, 09 Aug 2024 13:22:50 GMT

Successful 0xScope x Mantle AI Fest Ends

From all of us in the 0xScope team, we’d like to thank everyone who participated in the 0xScope x Mantle AI Fest campaign. Thanks to your support, we have hit these huge milestones on Scopechat and expanded its reach to more Web3 users.

This is just the beginning of 0xScope’s grand vision to become the AI backbone of the world’s biggest Web3 networks and projects. The recent collaboration with Mantle shows that 0xScope’s AI-powered solutions have boosted trading volume, on-chain activity, and other crucial metrics.

Note: Rewards will be distributed within 30 working days, pending final prize details from our event partners Mantle, Agni Finance, and iZUMi Finance. You can check your rewards on Scopechat’s Ai Fest page.

Scopechat AI Trading Hits $500M Volume

Just hours before the end of the AI Fest, Scopechat successfully hit the $500M volume milestone with its AI Trading solutions. We appreciate the thousands of Web3 users who tried Scopechat’s newest game-changing feature.

Scopechat AI Trading is our AI-powered crypto trading assistant's new, groundbreaking solution that empowers Scopechat users to leverage AI for executing on-chain transactions. This shows that using AI to trade has huge market potential.

Media Coverage on 0xScope’s Market Maker Research

Meanwhile, the 0xScope team looked into market makers’ activities during the recent market crash. We found that market makers have deposited 130,000+ $ETH to centralized exchanges. Over that time, $ETH crashed from $3,000 to $2,100. You can look into more details of our research in this document.

Read the Cointelegraph article here.

On-chain Data

Major market crash results in $17.2B exchange asset loss

This past week, Bitcoin plummeted from about $65,000 to below $50,000 on Monday, before recouping most of those losses in the succeeding days. Unsurprisingly, exchanges saw their asset values decline by a total $17.2B, with several exchanges registering double-digit losses. The worst-hit exchange this week was Binance US with a -23.73% change, while Bybit was the least affected, with a 6% decline.

Upcoming token unlocks for $SAND, $XAI

This week, the biggest token unlock comes from $SAND, with $51.22M scheduled for August 14. Other major unlocks include $7.88M in $XAI tokens on August 9, followed by $CYBER’s $5.68M on August 14.

If you're a supporter of these tokens, please be mindful of potential price fluctuations in the days to come, and follow the 0xScope Twitter account for more information.

Company Announcements

Subscribe to Scopechat Pro

Subscribe to Scopechat Pro today! Pay using your credit card, Scopepoints, or crypto (we support Ethereum, Arbitrum, Base, and Optimism networks).

Be the Next 0xScope Ambassador!

Quick Bites

Bitcoin bulls revisit $100K year-end target as BTC spikes over $62K - LINK

Tether mints $1.3B USDT since market bottom — Can it push Bitcoin above $65K? - LINK

Vitalik Buterin moves $8M Ether to new wallet — Possible donation ahead? - LINK

Animoca Brands’ 75% valuation markdown on secondary market signals NFT fatigue - LINK

FTX, Alameda ordered to pay $12.7B to creditors by U.S. judge - LINK

Thanks for reading the 0xScope Newsletter! Learn more about 0xScope:

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