【10.11 Midday Deep Dive | Diesel for Peace, What Is the Crypto Market Waiting For?】
The macro picture was anything but calm over the weekend. Trump and Putin reached a diesel supply agreement, with Russia partially lifting its export ban. The first 300,000 tonnes of diesel are about to flow to the US and global markets, with another 1.5 million tonnes to follow in November. In exchange, Trump unusually pressured Zelenskyy to stop attacks on Russian refineries, even declaring, "Ukraine needs a new president." In the Middle East, at least 15 tanker attacks have taken place in the Strait of Hormuz since late September, prompting the US to urgently release 4 million barrels of crude oil from its Strategic Petroleum Reserve. Expectations that the energy crisis will ease are growing, potentially giving the macro liquidity environment some breathing room.
On-chain flows have diverged sharply: $ETH spot ETFs have seen net outflows for nine consecutive days, while $SOL spot ETFs have set a record with 14 consecutive weeks of inflows—a clear sign of institutional portfolio rebalancing. The stablecoin sector has also stood out: DEX stablecoin trading volume reached $161.4 billion over the past 30 days, with Uniswap accounting for 47.2%. The RWA narrative continues to gather momentum, with $PENDLE even described by Wall Street institutions as central to the interest rate market for "secondary RWA trading."
Summary: Easing macro risk aversion + accelerating capital flows into SOL and RWA—this round of sector rotation is worth watching closely.
NFA | DYOR
#比特币 #以太坊 #Solana #RWA #Stablecoins
The macro picture was anything but calm over the weekend. Trump and Putin reached a diesel supply agreement, with Russia partially lifting its export ban. The first 300,000 tonnes of diesel are about to flow to the US and global markets, with another 1.5 million tonnes to follow in November. In exchange, Trump unusually pressured Zelenskyy to stop attacks on Russian refineries, even declaring, "Ukraine needs a new president." In the Middle East, at least 15 tanker attacks have taken place in the Strait of Hormuz since late September, prompting the US to urgently release 4 million barrels of crude oil from its Strategic Petroleum Reserve. Expectations that the energy crisis will ease are growing, potentially giving the macro liquidity environment some breathing room.
On-chain flows have diverged sharply: $ETH spot ETFs have seen net outflows for nine consecutive days, while $SOL spot ETFs have set a record with 14 consecutive weeks of inflows—a clear sign of institutional portfolio rebalancing. The stablecoin sector has also stood out: DEX stablecoin trading volume reached $161.4 billion over the past 30 days, with Uniswap accounting for 47.2%. The RWA narrative continues to gather momentum, with $PENDLE even described by Wall Street institutions as central to the interest rate market for "secondary RWA trading."
Summary: Easing macro risk aversion + accelerating capital flows into SOL and RWA—this round of sector rotation is worth watching closely.
NFA | DYOR
#比特币 #以太坊 #Solana #RWA #Stablecoins