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Memecoins are still dominating, not surprised at all to seem $BOME on Mux LRTs is another incoming narrative wave and its the first LRT protocol to have their token. $ETH is dominating over 90% of volume and no doubt that we can see that value flow into LRTs. #ETHENALAUNCHPOOL #eth #HotTrends

Memecoins are still dominating, not surprised at all to seem $BOME on Mux

LRTs is another incoming narrative wave and its the first LRT protocol to have their token.

$ETH is dominating over 90% of volume and no doubt that we can see that value flow into LRTs.

#ETHENALAUNCHPOOL #eth #HotTrends

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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
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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
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