With the ETH ETF approved, I don't think market has fully internalized that yet
- ETH ETF approval is too close to BTC ETF
- Market participants do not have enough time to digest its impact yet

At the same time, we are underestimating to what ETF flows will do to $ETH :
- $ETH exchange levels are at lowest level since 2016
- LRT will accelerate the amount of staked $ETH
- $1 of flows into ETH ETF will have much larger effect on price compared to BTC ETF
- $ETH is much less inflationary than $BTC

Some stats from @muxprotocol:
- Last 7 days, $ETH clearly dominated the trades
- However in the last 24H we are seeing a resurgence for $ARB being traded dominating 42%. Followed by $BTC and $ETH
- Interesting here becuase $ETH been bleeding after the scam pump on a Holiday Monday to $3950 and today we are seeing $ARB upcoming.
- Clearly, we are now in the memesupercycle

Is an alt season coming?
#BTC #ETHETFsApproved #ETH #altcoins #HotTrends

2 weeks ago I gave you the perfect entry to buy $BTC at $60k

Don’t get shaken out with micro micro cycles within a macro cycle as short-term price action is insignificant

Here are 3 indicators + Perfect cyclicality charting
👇🧵

Crypto Market Updates
• SEC Approves Ethereum ETFs Amid Market Uncertainty
• Grayscale Undergoes Leadership Shift Amid Market Challenges
• Gala Games Overcomes $200 Million Token Hack
• Crypto World Mourns Kabosu, the Face Behind Dogecoin

Crypto Exchanges and Platforms
• Bybit Refutes Insolvency Rumors, Ensures Asset Security
• Gate and OKX Respond to Hong Kong's Tightened Crypto Regulations
• Coinbase Restores XRP Trading, Supreme Court Weighs In
• Binance Revises Listing Strategy

Market overview

SEC Approves Spot ETH ETFs
Grayscale CEO Departs
White House Opposes Crypto Bill
Gala Games Hack
Major Banks' Bitcoin Holdings
Venezuela Cracks Down on Crypto Mining

#ETH #BTC #HotTrends #ETHETFS #ETHETFsApproved

I am bullish on the most underrated categeory, second after liquid staking = Lending

We saw that Lending reached its ATH in Apr 2024 and the last time it did so was during 2021

This is also one of the most resilient sector despite $BTC breaking below 60k as the TVL for this category did not fall too badly

The current problem with many of these lending protocols is that they are siloed on a certain ecosystem/chain and that liquidity is fragment and inefficient

One that have just publicly launched is @soulprotocol that revolutionizes the lending space by allow collaterals to be borrowed from ANY chains without liquidity fragmentation.

This opens up a whole range of possibilities and unlock a huge amount of liquidity to be used.

#BTC #ETHETFsApproved #ETH #HotTrends

It might seem like a godsend feature for ChatGPT to access all your apps like docs and spreadsheets.

But is this a truly good idea?

Perfect because right now, I don't need to know how does formulae work on sheets. This sort of dumbed down the skills required for many people to perform tasks with understanding.

It becomes a world where the best people to hire or best workers are not the ones that knows how to do their job well but rather just getting it done.

The AI revolution will rid of computer jobs/tasks that are repetitive and mundane. We will probably see a demand for more human touch as it becomes more so important now.

Google already made machines that can communicate with machines in languages isn't understood by humans.

Heading into a uncharted territory for AI and decentralised AI will be a huge narrative for this year.

#BTC #ETH #HotTrends

Its clear where the sentiments are pointing towards as we approach a ETH ETF

Over 350% in 24H volume
ETH dominated over 90% across all assets in the last 24H

#BTC #ETH #HotTrends #ETHETFS #MCB

Capo longed ☠️

#BTC #ETH #HotTrends #ETHETFS

Despite harsh markets $PENDLE $FRIEND was heavily accumulated by Hayes and Machi

AI coins holding strong while we saw a resurgence of memecoins especially CTO ones

Read till the end to get your alpha for 45 early projects
🧵👇

Weekly Updates

This week we cover proposals to improve Ethereum's user experience, integrate AI capabilities, and increase Layer 2 scaling.

EIP-7702
Pectra Hard Fork
ORA
Other Notable Updates

Narrative Overview

It seems that $BTC experienced a significant price drop on April 30th and May 1st, breaking below the $60,000 support level it had held since early March.

Outflows from cryptocurrency ETFs, with a record $560 million in outflows on May 1st.

However, the market appeared to find a bottom around $56,600 for BTC, and a subsequent bounce occurred, potentially aided by positive news from BlackRock and favorable NFP data.

Resurgence of "memecoin" performance like $PEPE, $WIF , $DOGE , $BONK, and $FLOKI leading the way.

Tesla's accepted $DOGE as payment. There was also a surge in interest around various cat-themed coins, with POPCAT emerging as a leader in this niche.

#BTC #ETH #HotTrends

Markets slaughtered, Tether ratio was never wrong and showed that we are at the lowest point

Alt season indicator back to levels of Sep 2023

Macro indicators are 4x red
👇🧵

Crypto Overview

• FTX Announces Customer Reimbursement
• SEC Issues Enforcement Notice to Robinhood
• Grayscale's Bitcoin Trust Sees Rebound
• Binance CEO Advocates for Detained Compliance Officer
• Movement of Stolen Crypto Funds

Signs of labor market cooling boosted hopes for forthcoming Fed rate cuts, while Biden targeted Chinese tech sectors with new tariffs amid the economic rivalry between the two nations.
Economic/Labor Market
Trade/Geopolitics
Markets

Key Economic Metrics

🔴While GDP growth slowed and jobs/wage growth moderated slightly, stubbornly high services inflation driven by the tight labor market has made the Fed more cautious about loosening monetary policy too quickly.

🔴Fed maintained a firmly hawkish stance, preparing markets for interest rates to remain restrictive for an extended period until inflation shows sustained downward progress, even as it plans some marginal adjustments to its tightening tools.

🔴Eurozone saw an economic growth revival in Q1, providing cause for optimism. But persistent underlying inflation, especially in services, complicates the ECB's policy path and could delay anticipated rate cuts if price pressures prove stickier than hoped.

China Mexico Tensions🔴

Mexico is caught between taking advantage of economic opportunities with China while balancing pressures from its key trade partner, the United States, amidst the broader U.S.-China strategic tensions playing out globally.

#ETH #HotTrends #BTC

Will we see a re-restaking? LRRT?

Disappointed in $EIGEN

While the long awaited altseason didn't arrive, the restaking protocols fell by up to 50% after $EIGEN airdrop announcement

All these in the midst where market is bleeding and we're seeing the classic sell the news event

All these combined with the fact that there's inherent risk brought in by Eigen's restaking concept and the mountain heaps of projects building on it sounds like what would turn out like a Luna debacle.

Though I like to think that it isn't but its showing signs similar to that of DeFi's yield farming with layers upon layers.

It's still too early to say for sure because we are probably midway through bull and the cards usually fall way after that with serious liquidity crunchtimes.

But I don't like it when after reading 43 pages of @eigenlayer's white paper only to find that they have 2 tokens $EIGEN and $bEIGEN where the latter is being used for actual staking. And in my nothing better to do times, we also say $LUNA and $bLUNA, uncanny resemblance...

Tokenomics $EIGEN:
- total supply 1.67B
- 45% to community: 15% to each of stakedrops, community initiatives and ecosystem development, respectively
- out of 15% stakedrops, 5% based on a snapshot on 15 Mar this year (90% immediately claimable)
- 29.5% to investors
- 25.5% to team/ early contributors
- both of total 55% are subject to 1-year cliff + 2-year vesting
Initial float seems ~5%

And looks like for both @pendle_fi and @GearboxProtocol users will get their full point values pre-March 15th and everything else will be s2. Thanks to @Rightsideonly for the frequent update and @PendleIntern for the analysis.

Nonetheless, I am still pretty certain that $EIGEN have some good times to enjoy so lets make the best use of it while we can.

#EigenLayer #HotTrends #BTC #EIGEN

Markets and altcoin indicator are taking a beating

Tensions and war encapsulates the market

Here are 3 indicators that tells you about the next rate cut
👇🧵

Market and Regulatory Updates

• ConsenSys Sues SEC Over Ethereum's Security Status
• Bitcoin Mixer Founders Arrested Amid Privacy Debate
• Blockchain Advocates Challenge SEC's Dealer Rule
• Stablecoin Market Shows Remarkable Growth

Scandals and Controversies

• ZKasino Scandal: Accusations of Exit Scam Emerge
• ezETH Crisis Sparks DeFi Liquidation and Controversy
• DeGods Considers Returning to Solana Amid Controversy
• Yuga Labs Criticized for WEF Partnership

Crypto Exchanges and Platforms

• CZ Faces Possible 3-Year Sentence
• Shiba Inu Launches Privacy-Focused Blockchain Upgrade
• OpenSea Sees Significant Drop in Monthly NFT Sales
• Alien Punk CryptoPunk #635 Fetches $12.38M
• "Buy Bitcoin" Notepad Sells for Over $1M

Market overview

The halving sparked record Bitcoin miner revenue and ETF inflows, while Dorsey aims to decentralize mining and Ripple battles the SEC. Inflation data tempered ahead of the Fed meeting, and Tether took action related to alleged sanction evasion using crypto.

#BTC #ETH #HotTrends #bitcoinhalving #Token2049

Crypto won't be allowed to be used as collateral starting next week.

This restricts institutional usage of crypto in Tardfi and the effect is more widespread than you can imagine

As a result to protect their beloved USD, my conspiracy theory is the dollar is collapsing a lot faster than they expect.

Just so to put things into perspective:

The daily volume of the Eurodollar market was $14T a few years ago. (I couldn't find today's numbers.)

In comparison, BTC market cap is $1.3T, and that of stablecoins is about 160B.

Thus, the entire market cap couldn't be used as collateral for a tenth of Eurodollar transactions. Crypto is not in the same galaxy as currency.

I'm not sure how this affects @MicroStrategy $MSTR and their convertible debt loans. I might be a moron but those should be unaffected?

Seems like this may hurt more of the hedge funds, market makers and clearing houses based on the online chatter i'm seeing reacting to this.

The number one thing I’m sure this hurts is crypto exchanges or crypto companies who hold majority of their assets in crypto AND stable coins.

I sure even holding USDC or Tether cannot be used as collateral

#btc #ETH #HotTrends

They’ve secured investments from the best: @borderless_cap, @Consensys, @jumpcapital and many more

Partnered with the largest companies in their field @animocabrands, @MercedesAMGF1, @jpmorgan

A lot more catalysts for this game changing tech
🧵👇

What exactly is Account Abstraction (AA)?

Account Abstraction is a revolutionary technology that simplifies on-chain operations and enhances security

It is designed to increase flexibility in the management and behavior of Ethereum accounts

It works by allowing a single contract account to both deal with tokens, and deploy smart contracts

Unlike traditional wallets, where users must manage multiple private keys and interact directly with smart contracts, AA shields users from these complexities.

This leads to benefits like:

• Social Recovery: Forget seed phrases! Recover accounts via social connections, email, or multi-signature setups.

• Flexible Transactions: Pay gas fees in any token, or have others sponsor your transactions.

#btc #BICO #HotTrends #bitcoin

Study Binance listings vs Google partnerships

There's only one that has yet to be listed on @binance

iykyk

#BTC #bitcoin #HotTrends #ETH

GambleFi ruled in the bear and will rule harder in 2024

It is one of the sector with a huge untapped market size of $263B

More than a third of the bets were made through crypto up by 50% YoY

The fall of @ZKasino_io will bring a lot of attention to @azuroprotocol which I am really hyped on and here's why:

So, in the first half of the year....

- In Q2 we will see, the first over on-chain live betting, @TeamBookiebot also has something of sort in their roadmap

- Timely with the sports fanatic hype around May to June as well with The Champions League Final, Eurocup, and NBA, which will bring a lot of volume for live betting

In the 2nd half of the year...

- We will have the US presidential election, markets will be very heated as sports and politics become one of the most talked about topics

- Continuous integration with a lot of infrastructure partners like L1, L2, TG bots and dApps like @TeamBookiebot @BoxBetApp, all of which aims to increase betting volume, users and TVL

Finally, the highlights that you all want to hear:

- They have raised $11M from a funding from @SevenXVentures, @fenbushi, Arrington Capital , @polymorphiccap, @RedBeardVC,
@DewhalesCapital, and @G1_Ventures.

- Because of this huge funding round raised, we can look forward for an airdrop of $AZUR with $TIA like stake drop features and you are first to hear this here

#btc #BTCHALVING #HotTrends

Merlin did $3B of TVL and $AAI integrates with them

$ZKS likely doing an airdrop before May 12 (bold prediction)
BRC20 narrative heating up with Runes

Here is why $AAI move is strategic to capture the upside of $BTC narrative + $ZKS drop:

✦ First mover: They added a BTC L2 @MerlinLayer2 to their airdrop farming, no other airdrop tool have done this yet

✦ Strategy Integration: With @avalonfinance_ integration, users possibly farm both Avalon and Merlin's airdrop

✦ AI Human Interaction: Anti-Sybil tooling ensures users human-like airdrop interaction to qualify for all airdrops

#btc #HotTrends #BTCHALVING

Halving brought a lot of attention back to $BTC

Just weeks ago ETH was in over 80% dominance but just recently, post halving we are seeing $BTC catching up with a 44% dominance right now

MC already being fully diluted, sell pressure for $MCB is weak while being a rev printoor

#bitcoinhalving #BullorBear #Memecoins #HotTrends #BTC

We might have just witnessed the biggest rug in 2024

Investing early in Zkasino cost us over $33M

Official Telegram's gone, they dumped a massive amount of ETH on Lido, and the founders vanished.

Let’s break down the investigation
🧵👇

For those of you who don’t know, @Zkasino_io is a crypto betting and gambling platform that was making waves recently

At first glance, Zkasino looked like any other GambleFi project.

They had announced $350 million valuation for its Series A round, backed by $26M from some of the biggest players, even @MEXC_Official

They even got Certik to audit their code, testnet seemed fine.

But turns out, founder @Derivatives_Ape swapped our bridged ETH for those $ZKAS tokens at TWICE the price anyone else could buy on @apeterminal. Extremely Shady.

Thing is, @Derivatives_Ape had a spotty history with @ZigZagExchange and @Syncus_Fi. Not rugs exactly, but still weird.

Then, ZigZag's founder Kedar Iyer calls out the ZKasino team for straight-up lying about using their funds for $ZKAS instead

This raised many suspicions about @ZKasino_io

But no one bat an eye on it after @Derivatives_Ape denied these allegations.

But more recently, @MEXC_Official announced that they would be cancelling the $ZKAS token listing without any explanation

This caused massive FUD as the token’s IDO was already cancelled on @apeterminal & @AITProtocol

In their Telegram’s investor chat, the team had already tried to downplay the FUD by saying it was only postponed

“The ZKasino network will still go live; it has been delayed due to exchange listings.”

But this was a lie.

Another distasteful thing, ZKasino first claimed that they were using tech like @zksync and @eigen_da in their bio. But they did not mention this at all in their documentation

They were using a simple Arbitum Nitro chain instead. Now that people called them out for it, they removed the tech it in their bio

#btc #eth #bitcoinhalving #Token2049 #HotTrends