This make me even more bullish on $KZ

There are wallets who recieved $ZK airdrop with 0 transactions on @zksync

Thanks @CryptoStreamHub for the pointing this out

#BTC #ETH #HotTrends #altcoin

I've got 30.8M from $KZ

After the disappointment in $ZK airdrop, $KZ will probably be the biggest drop 👇

You can earn more @KZ_coin points by:
- Bridging on @Orbiter_Finance
- Add LP on @koi_finance @syncswap
- Trade and Stake on @HoldstationW
- Transacting over Paymaster

#BTC #ETH #HotTrends #altcoins #bitcoin

I am loading up more $ATH

Token distribution is healthy with no inflation in the next 3 months.

Here is why I think $ATH is undervalued👇

- Weak selling pressure from investors due to strict vestings

- Over $50M in airdrops as @AethirCloud partnered with @ionet to exchange airdrops + more airdrops potentially from @carv_official @Rivalz_AI @zero1_labs

- Listed on top exchanges like Okx, Bybit.

- Multiple revenue sources: GPU computing power rental, $80M/year - Aethir edge, $999/unit, 7,000 units sold - Node sale, $139M

- Their lead investors are @HashKey_Capital @MeritCircle_IO @animocabrands

#BTC #ETH #HotTrends #ETHETFsApproved #TopCoinsJune2024

Even with the ETFs approved, market is volatile while ZK is being trademarked.

Trump convicted while Biden flips his crypto stance.

Q1 US GDP growth downgraded. Inflation revised downwards.

Everyone planning to sell at $10k with lower TF bullish af
👇🧵

Ethereum and ETF Developments
• Spot Ethereum ETFs Poised for Launch
• Controversy Over "Zero-Knowledge" Trademark Attempt
• Do Kwon Settles SEC Fraud Charges
• JENNER Token Controversy Highlights Celebrity Crypto Risks

Crypto Innovations and Market Dynamics
• NYSE and Mastercard Embrace Crypto Innovations
• CME Declines Solana Futures Amidst ETF Doubts

Market overview

Crypto Market
• Trump and Biden Shift Stance on Crypto: In recent campaign events, Donald Trump has vowed to position the US as a leader in digital assets. In response, President Joe Biden’s team has engaged with key figures in the crypto industry

US Economic Growth and Inflation
• GDP Growth: The US economy expanded at an annualized rate of 1.3% in Q1, down from the previous estimate of 1.6% and significantly lower than the 3.4% growth seen in Q4 2023. This downgrade reflects weaker consumer spending ...

Key Economic Metrics
🔴Increasing geopolitical and trade tensions between the U.S., Europe, and China, focusing on the imposition of significant tariffs by the U.S. on imports of Chinese electric vehicles and other products.

#BTC #ETH #ETHETFsApproved #HotTrends #altcoin

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