Below is a summary of the weekend market news on BTCETH, PEPE, METIS, ORDI.

$METIS and $ETH:

On July 9, the PolyNetwork exploiter sold 43.27K $METIS for 349.4 $ETH ($652K) on the Ethereum chain over the past 15 hours, causing the price of $METIS to drop by more than 10%. The operator still has 62,818 $METIS ($961,000) and may continue to sell more, which could affect the $METIS market.

$PEPE:

Also on July 9, a prominent cryptocurrency trader known as Dimethyltryptamine.eth made a substantial sale of 180 billion $PEPE for 149.4 $ETH, equivalent to $279K. This sale leaves 2.07 trillion $PEPE in circulation, with an approximate value of $3.24M. The trader initially spent 0.125 $ETH ($251) to buy 5.9 billion $PEPE and has since sold a total of 3.83 billion $PEPE for 2,411 $ETH, netting him around $4.5 million.

$ETH and $BTC:

On July 8, a smart trader identified as 0xe28, who has a trading profit of $841K, began long $ETH and $BTC. Trader positions in $ETH and $BTC could potentially influence the market prices of these CRYPTOCURRENCIES.

Ordinals (#ORDI) and Bitcoin ($BTC):

On July 8, data from Dune Analytics showed that the Bitcoin NFT Ordinals protocol minted approximately 15.4 million signups, generating a total fee income of 1,813 BTC, worth approximately $54.975 million.

Bitcoin ($BTC):

On July 7, Hong Kong-listed company Linekong Interactive Group (08267.HK) announced that it had purchased a total of 44.2812 Bitcoins on the open market for $590,000 and $650,000 respectively. This corporate investment in Bitcoin could potentially influence its market value.

$ANKR and Flare ($FLR):

Also on July 7, Ankr announced that it would soon be adding the Flare blockchain to its RPC service. This development is expected to benefit developers looking to build scalable and data-connected dApps on top of Flare.

Bitcoin ($BTC):

On July 6, the Matrixport report indicated that Bitcoin hit a one-year high on June 22, 2023, signaling the end of bear markets and the beginning of new crypto bull markets. This signal has been triggered four times, with bull markets in 2013, 2017, and 2021. Based on previous signals, there is a 100% chance that by the end of 2024, Bitcoin will experience another massive bull market with a price target of $125,000 (+ 310%).