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  • Spot came off for BTC and is now hovering at 61.8k, right in the middle of the range from yesterday's highs (63.5k) and last Friday's lows (60.1k).
  • We expect Powell's speech tonight to be carefully worded as always, resulting in a muted market reaction.
  • On the other hand, CPI numbers tomorrow may be the catalyst to finally help the market pick a direction.
  • While the general market continues to drift off into the summer, GME has emerged after a long slumber, pumping 80+% yesterday off the back of Roaring Kitty's tweet.
  • Could this be the start of a memecoin frenzy?

Trade Idea: Utilize our ZCC to receive upfront yields on your dollars for punting memecoins.

BTC ZCC (USD deployment)

Receive upfront payment of 25% p.a. upon deployment

At expiry, as long as BTC spot is above 47k, 100% of the principal is returned.

If BTC spot is below 47k at expiry, you will buy BTC at 57k level.

Maturity: 9AUG24 (12 weeks) Strike: 57,000 Protection Level: 47,000 Upfront Payment: 25% p.a.

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