📊 3 Most Important Charts to Watch:

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They’ve already released some pretty cool crypto-themed games, and with football (not soccer) season back, their upcoming sportsbook couldn’t be dropping at a better time.

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It appears that our market map is indeed accurate. If you remember the last few updates, $107K was the crucial hurdle BTC needed to clear — and hold above. Well… it didn’t.

For now, keep an eye on $107K as the first sign of a real market recovery. On the downside, we don’t want to see Bitcoin back below $103K. This would indicate a chance to revisit the lows, or even break $98K and head lower. Safe for now.

Outside of DeFi (as explained in today’s Degen corner), the market is once again becoming a bit muted as the hype surrounding Trump’s stimulus checks fades. It seems nothing is guaranteed yet, and Bessent is already backstepping on this one. For now, there’s a 90% chance on Polymarket that the stimmy checks won’t happen. We’re watching that closely.

However, the odds are in favor of the U.S. Government reopening, with a 54% chance of it happening as soon as tomorrow. Once that happens, markets gain more clarity, and the chance of moving higher increases.

Although I wouldn’t be surprised if this chop continues to torture market participants further, possibly even into the end of the year, as mentioned previously. We still need to get over December’s FOMC, and as we know, the “nincompoop” Powell won’t be exactly dovish.

At the same time, it’s possible that the low is in, and these are just a few choppy weeks to get through. Overall, I mostly agree with Mayne’s analysis these days, which goes almost hand in hand with what we talked about lately.

As for altcoins, the TOTAL3 chart just hit resistance, which explains the current pullback seen in most tickers, except standouts such as UNI. More on this below.

What’s great is the clear market vibe shift towards fundamentally sound projects. Finally, it looks like this sector stopped running on pure retardation, as it’s actually putting in some logic into what drives the price. Overall, this makes me very bullish on the future of sound, high-quality altcoins.

Lastly, make sure to keep an eye on this stablecoin dominance chart. It’s very important to see this one start retracing here, as it has hit the upper trendline resistance and is at a spot from which it has retraced previously. If it breaches upwards, we'd better be careful with any oversized longs.

Stay tuned and let’s take it day by day.

Got questions, opinions, or feel like having a chat about the market? Hop in Hix0n’s Hideout free Discord channel and join the crew!

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The important bits.

• PreStocks now enables tokenized pre-IPO stocks trading in RobinHood, read here

• PreStocks pre-IPO trading is now available for Moby mobile app users, read here

• SEDA now makes GPU chips volatility tradeable on perps with Global Compute, read here

• Plasma partners with Daylight to solve electricity grid blackouts, read here

• Saga publishes staking reward dashboard (emission slowing down), read here

• Pyth Network featured in a new blocmates research article, read here

• Shadow Exchange vote rewards are back above $100K, read here

• Neutrl adds a 6x point multiplier for upNUSD holders, get rewarded here

• XOMarkets adds prediction market for Elon Musk’s tweets, read here

• EthGas explains how it will achieve instant Ethereum, read here

• MetaDAO releases details for Solomon ICO, read here

• AERO is now listed on Hyperliquid perps, read here

• Virtuals launched Luna launchpad for AI content coins, read here

• Monad announces upcoming public sale on Coinbase, read here

Even more important bits.

• Robinhood CEO Vlad Tenev says, “Tokenization will unlock 24/7 markets”, read here

• US Senate AG Committee releases crypto market structure draft bill, read here

• Ledger announces support for Hyperliquid/HyperEVM, read here

• Coinbase releases its new launchpad, watch here

• Kazakhstan to launch $1 billion crypto reserve fund, read here

Charts and stats of the day.

• $1 trillion added to the US stock market today, chart here

• HyperEVM reached half million successful transactions for the first time, read here

• 70% of the world’s top Bitcoin miners now depend on AI revenue, read here

• NEAR intents reached $400K daily value, chart here

Don’t miss out on the daily blocmates news bulletin with Gaz! Tune in here.

UNI honestly does look ready. Next ZEC?

The DeFi mindshare is rising rapidly. Goes hand in hand with today’s Degen corner below.

Finally! The Uniswap Fee Switch is on.

The moment many believed would never happen finally arrived. Thanks to the new regulatory clarity, the UNI token can become what it always meant to be: a revenue-generating share of the largest DEX in crypto:

How powerful is it, you ask? Here are the statistics, and they look promising. Just like that, UNI becomes one of the most investable assets in crypto, along with behemoths like PUMP or HYPE.

• Valania (Gaming, MMO)

• B3 (Base Layer 3)

• PiP World (Trading teams, AI) - Season 0 started

• World Computer Netizens (MegaETH NFT)

To save you doom scrolling.

What’s cooking?!

Lastly, I honestly can’t wait for MegaETH. Here are my views on the upcoming TGE and how it will unfold.

The ecosystem is stacked with original, non-fork projects; the community is hyped up (reminiscent of pre-TGE Hyperliquid), and the tokenomics couldn’t look better, in my opinion.

Here’s a nice read on the KPI staking mechanism, as well as an extensive list of projects you can track on X as we head into the TGE. You can also track the most upvoted projects on Fluffle tools. I will be adding more projects as I go. Stay tuned!

stay safe homies,

Hix0n 🫡