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

HALVING is the biggest milestone in 2024

War tensions worsens amidst Dubai turned into an Oasis

3 key metrics that point to the economy post-halving
👇🧵

Crypto Market and Platform Updates

• Binance Converts $1 Billion SAFU to USDC
• Hong Kong Greenlights Bitcoin and Ethereum ETFs
• Puffer Finance Secures $18 Million for Expansion
• Tether Integrates USDT and XAUT on TON Blockchain

Exchange and Wallet Enhancements

• OKX and Polygon Debut Zero Knowledge Network
• Kraken's Privacy-Focused Crypto Wallet

Staking and Security Developments

• EigenLayer's No-Cap Policy Spurs $157 Million Influx
• Trust Wallet Issues Security Alert for Apple Users

Influential Moves and Legal Challenges

• Vitalik Buterin Endorses Privacy Protocol Railgun
• Worldcoin to Launch Bot-Discouraging Layer-2
• Yuga Labs Sells Game IP Amidst NFT Market Drop

Policy Changes and Brand Collaborations

• PayPal Changes Policies on NFT Transactions
• Adidas Partners with STEPN for NFT Sneakers

#BTC #ETH #halving #Token2049 #HotTrends

One out of the 3 projects building on @zero1_labs revealed

I hear some stacked partnership(s) incoming that will bolster their $DEAI ecosystem stronger.

I highly recommend you to follow @seraphnet and fill up their early access form for early alpha.

Wen unlock Discord...
😭😭

#ai #BinanceLaunchpool #HotTrends

Some market thoughts and observations about what is going on:

We saw a significant downturn with $BTC falling below $66,000 and Ethereum dropping to $3,320 lows.

• Early signals from the options market, particularly the downside skew in risk reversals, indicated potential volatility.

• Massive liquidations on exchanges like Binance, where perpetual funding rates dropped sharply, contributed to the speed of the price movements.

• Prices have settled into a $60,000 to $72,000 range for Bitcoin, hinting at a potential stabilization.

• Despite the recent adjustments, the forward curve remains elevated, suggesting ongoing market speculation and uncertainty about future volatility.

What do you think is next?

#BTC #ETH #ENA #HotTrends

Gmgm to my 19 friends!

In March more than $250B was added to the total global crypto market capitalization.

While Tether, acquired an additional $627M worth of $BTC in just Q1

Hot movers for the month:

$WIF Solana-based meme coin
$CORE Bitcoin-powered blockchain
$JUP DEX aggregator
$PEPE Top coin when you think of meme

#btc #ETH #HotTrends #PEPE #WIF🔥🔥

In January, we witnessed a watershed moment with the approval of spot bitcoin ETFs,

Reignited hopes for another DeFi summer, reminiscent of 2020

Some thoughts for a journey less than 20days to Halving
🧵

So what's driving this DeFi renaissance? 3 factors:

• Institutional FOMO - With the crypto bull back, tradfi giants like BlackRock are piling in, tokenizing assets & fueling demand
• Bitcoin ETFs BTC spot ETFs have opened the floodgates, letting retail & institutional $ pour into crypto
• High Risk Appetite - After a desert 2022, speculative capital is fevered to capitalize on DeFi's wildly lush pastures

Let's dive in

Now, with DeFi yields overtaking those of traditional investment avenues, such as U.S. Treasuries, the anticipation for another DeFi summer is palpable among enthusiasts and investors alike.

The recent DeFi yield surge is highlighted by platforms like MakerDAO, offering a 15% yield on its DAI Savings Rate, and Ethena Labs, where riskier ventures can earn investors up to 27%.

These figures starkly contrast with the relatively stagnant yields found in TradeFi, signaling a potential shift in investor preference towards the high-octane world of DeFi.

#btc #halving #HotTrends #memecoin⁠⁠⁠⁠

We've began to forget that the LBP mechanisms were pioneered by Balancer. not Fjord.

And here is why I believe @1intro will be a leader on @solana with a renewed DEX + LBP + All-in-one paradigm
👇

Perfect Product Market Fit

• Innovative Solution: All-in-1 platform for Solana, enhancing efficiency, user experience, and project launches.
• High-Efficiency DEX: Aims to outperform existing DEXs with superior speed, reliability, and user interface.
• Fair Launch Mechanisms: Customizable LBPs and auctions for equitable project launches.
• No-Code Token Deployment: Easy-to-use interface for token creation, liquidity addition, and management.

Market Opportunity

• Market Need: Addresses critical pain points of slow, buggy, and inefficient DeFi platforms on Solana @RaydiumProtocol @JupiterExchange
• Growth Potential: High due to the growing demand for efficient and user-friendly DeFi solutions as the retail users onboard
• Strategic Advantage: First-mover in providing a comprehensive, integrated platform on Solana with unique features.

#HotTrends #Memecoins #BinanceLaunchpool #Solana⁩

Invested by Binance and having 37 DAO contributors & advisors

They are primed for 3 potential airdrops like $LZ, as they’ve:
• Generated $30M in fees
• $350M in TVL
• V3 upgrade

Here's my bullish thesis on $RDNT
🧵

My TLDR bull thesis on $RDNT :

• @RDNTCapital positioned well to receive $LZ airdrop
• $RDNT has a higher beta, and lower market cap than $STG.
• v3 launching soon- the first lending market geared to support 100’s of long tail assets across LSTs, AI, memecoins, gaming
• Partnered with http://defi.app who is building the Robinhood of DeFi
• $RDNT dLP lockers are likely to receive a big airdrop

What is Radiant?

@RDNTCapital is an omnichain borrowing and lending protocol, also known as money markets, powered by Layer Zero & Stargate.

In this thread, I will breadown the key attraction points of $RDNT and about its upcoming v3 that aims to accelerate growth.

#RDNT #HotTrands #Ethereum✅ #ETHFI⁩

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

Gm to my 9 friends who are seeing this

Leadership is contagious

True leadership lies in kindness

Earn ~700% APY for Staking $AAI LP + 38% APY for $AAI staking
✦ Premium features available!
✦ Dencun update lowered min balance required to farm
✦ AI bot humanize farming interaction to avoid sybill detection

#Airdrop‬⁩s #HotTrands