Dgenz Crypto Weekly 045

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Table of Contents

• Market Pulse

• Weekly Charts

• Token of the Week

The Most Chaotic Index You’ll Ever Trade

Coinbase is cooking up a new futures product that mashes together the biggest tech stocks, crypto, and their own shares into one single index. It’s called the “Mag 7 + Crypto Equity Index Futures” and it tracks the Magnificent 7 (Apple, Amazon, Google, Meta, Microsoft, Nvidia, Tesla), plus Bitcoin, Ethereum (via BlackRock ETFs), and Coinbase stock — all equally weighted. That means if Bitcoin sneezes or Nvidia surges, the index moves just the same. It’s like betting on crypto and big tech in one degenerate trade. The index goes live on September 22, but don’t expect to find it on the Coinbase app yet, they’re rolling it out through partner platforms first. It’s part of Coinbase’s big bet on derivatives becoming the next cash cow. Earlier this year they dropped $2.9B to acquire Deribit, the world’s biggest crypto options exchange. And they’re not alone either. Kraken is snapping up NinjaTrader for $1.5B and prediction markets like Polymarket are buying U.S. derivatives exchanges too. Everyone’s trying to get a seat at the U.S. futures table before it fills up. This isn’t just another index, it’s Coinbase flexing hard. If Wall Street wants exposure to crypto and tech, then this is their Trojan horse.

The Fast and The Furious

Solana just approved one of its biggest upgrades ever and it’s about to get stupid fast. A new consensus upgrade called Alpenglow passed with 98% validator approval and is set to slash confirmation speeds from 1 second down to just 150-200ms. That’s 5x faster. Blink and your transaction’s already confirmed. This isn’t just a speed boost, it’s a total rewrite of Solana’s core protocol, built by the team at Anza. Think of it like ripping out the engine of a gently used 2001 Honda Civic and dropping in a jet engine. Once this is live, exchanges can credit your deposits faster, apps will feel instant, and devs can push closer to Solana’s white whale of 1 million transactions per second. Alpenglow is aiming to hit testnet by December’s Breakpoint conference and then launch on mainnet in Q1 2026. And with the chain recently clocking over 100K TPS in a stress test, this update is the next step toward building a blockchain that eats TradFi’s lunch. Bottom line: This isn’t a hype cycle. This is raw execution. While other chains are still arguing over upgrades, Solana’s shipping major rewrites to dominate speed, scale, and UX. Welcome to the fast lane.

Ethereum Supply Is Getting Choked

BitMine Immersion isn’t messing around. They just scooped up another 153,000 ETH, dropping $655M like it was couch change. That pushes their stack to a ridiculous 1.86 million ETH worth over $8.1B, or 1.5% of all ETH in existence. Their goal? Own 5% of the total supply. BitMine’s chairman Tom Lee says ETH is about to have its “1971 moment”, aka the dawn of a new financial era. Back when the U.S. ditched the gold standard, it set the stage for credit cards and money market funds. Lee thinks Ethereum’s about to do the same by powering stablecoins, tokenized stocks, and even AI on-chain. Big vision. Big bag. Big bet. Meanwhile, SharpLink Gaming is also filling its vault. They just added 39,000 ETH (worth $176M), bringing their total to 837K ETH ($3.6B). That makes them the #2 corporate ETH whale, ahead of the Ethereum Foundation itself. Traders on prediction markets had been betting SharpLink would hit 1 million ETH by mid-September but after this move, the odds dropped from 57% to 30% overnight. It’s not SharpLink’s official target, just a spicy public side bet that’s losing steam. Bottom line: two publicly listed companies are turning ETH into their corporate strategy. And they’re not alone. The institutions are coming. The wallets are growing. And ETH might just be Wall Street’s new favourite toy.

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Crypto Stablecoin Dominance

Remember last week when we said that 7.82% breakout was coming? Yeah… it happened. But now we’re back down, giving that same level (and our trendline) a cheeky retest. September’s usually a bloodbath, so this support isn’t gonna fold that easy. More likely we bounce from here, push up to that 8.31% resistance band, then catch a rejection. And that resistance is your golden long entry. Load up there, ride the wave, don’t get greedy.

Bitcoin

$BTC just snapped its downtrend and flipped resistance on the 4HR so bullish vibes are creeping in. But let’s not pop the champagne just yet. I’m still side-eyeing this move until we get a daily close above $112.6K. That level is key. Not only does it confirm a market structure shift, but it’s also where the 1D QVWAP is chilling, and that thing has a habit of slapping price back down. We already saw one rejection there. And last time BTC broke below this dynamic line, it spent 15 painful attempts trying to reclaim it, all failed. End result? Price nuked from $98K to $75K. So for now, I’m staying on the sidelines for longs. Doesn’t mean I’m aping into shorts either. Will be playing it slow early in the month.

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Jupiter - $JUP

Jupiter is Solana’s leading DeFi aggregator and “superapp,” powering swaps, perps, lending, and token launches. Known as the backbone of Solana trading, Jupiter routes liquidity across the network for best execution, while its governance token $JUP aligns incentives and gives the community control.

What Does Jupiter Do?
Jupiter started as a DEX aggregator that routes trades across Solana’s AMMs and order books to minimize slippage. It now offers limit orders, DCA tools, perpetual futures, and lending. It’s also behind Solana’s biggest token launches, including memecoins and new DeFi projects.

How It Works?
Jupiter’s routing engine scans pools like Orca, Raydium, and Serum to deliver best-price swaps in a single transaction. Its JLP pool powers perps by letting LPs back leveraged trades, while Clone Protocol integration enables cross-chain tokens (e.g., swapping SOL to DOGE without leaving Solana). Many wallets like Phantom use Jupiter behind the scenes for swaps.

Tokenomics & Incentives
$JUP has a 10B max supply. 50% is allocated to the community through airdrops and incentives, and 50% to team/treasury with long vesting. The Jan 2024 airdrop of 1B JUP was one of Solana’s largest ever. $JUP is mainly a governance token, but protocol fees are used to buy back and lock $JUP, creating steady demand.

Ecosystem Impact
Jupiter handles 80–90% of Solana’s DEX volume, with billions traded daily and over $1T in total swaps processed. Its aggregator is integrated into wallets and dApps, making it core Solana infrastructure. With Jupiter Lend reaching $500M+ TVL on day one, and its perps exchange dominating market share, Jupiter has become a one-stop DeFi hub.

Recent Developments
- Massive airdrop in Jan 2024 (955k users eligible, ~$550M value).
- 50% of platform fees go to repurchasing and locking $JUP.
- Governance proposals including cutting token supply to fight inflation.
- Jupiter Lend launched with $500M+ deposits in 24 hours.
- Cross-chain assets via Clone Protocol (DOGE, ARB, SUI tradable on Solana).

What’s Coming Next?
- More JUP airdrops in 2025 and 2026 to reward users.
- Launch of yield-bearing stablecoin (sUSD) collateralized by staked SOL.
- Full rollout of Jupiter Lend and new yield vaults.
- Expansion of mobile app and integrations to onboard more users.

TL;DR
Jupiter is Solana’s DeFi superapp, powering most swaps and adding perps, lending, and token launches on top. $JUP governs the ecosystem and accrues value through buybacks and community rewards. With Solana volume growing, more airdrops ahead, and new products like sUSD, Jupiter is central to Solana’s DeFi future.

Market Cap - $1,557,635,080
24HR Volume - $45,531,157
Current Price - $0.5007
All-Time High - $2.00 (-75%)
All-Time Low - $0.3064 (+63.5%)

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