YEET.com has been doing some cool stuff lately in the crypto casino space, so we’re giving it a shout-out for anyone who’s been meaning to check it out.
They’ve been putting out a bunch of fun, crypto-themed games with plenty more coming!
I mean, check out the roster, plenty to choose from, plus it’s as easy as registering here and having some good old dicy fun:
The red flags we tagged last week are now more red than those you see on literally every building in Vietnam, and it does seem the summer slumber is indeed here. GM.
If you’re getting scared now, you might not want to see what Lomah, one of the most old-school legends of crypto, just said.
It truly does seem that the Clarity Act passing through senate, albeit very bullish for crypto long term, was a perfect sell the news event.
Last Friday, we mentioned we don’t want to see BTC stall. Ideal situation would be a quick flip above $82K, which would confirm a steady march towards the ninety keks. Well, it didn’t happen.
What happened is what we mentioned again and again - once you see BTC reach $79K, prepare to see blood. And here we are, Bitcoin is hovering above $76K, and even if we see a bounce, squeezing overly horny shorts (especially those on ETH, I mean, look at this), as long as Bitcoin doesn't conquer AT LEAST $80K again, it’s simply bearish for the time being.
Seems like the good old Buffet is onto something here, sitting on an all-time high of $397 Billion in Cash. That old cola-drinking, Honda-driving geezer outperforms everyone, goddamnit. Imma order five cans right now and sell everything.
Well, anyway, we’ve got a hidden bearish divergence on Bitcoin continuing to form, indicating the worst might not be over yet.
On top of all this TA mess, there are actually multiple old school Ethereum Foundation members now leaving the “company”, saying farewell in a good old LinkedIn fashion all over X. Insert the “Dafuq they doing over there” meme.
Let’s flip to something positive - long term, it seems the suits are realizing (and realizing it fast) that onchain trading is the future. With that, we've got news that the SEC is now preparing to let stocks trade onchain, 24/7. We all knew this was the future, the suits are just old and slow. But you know what that means - krillions of volume, directly onchain.
As for altcoins, check the chart of the day section; it explains a lot. Plus, they all basically depend on how ETH moves, and currently, the ETH chart doesn’t look all that healthy: look.
Macro-wise, there are some dangers ahead as well, especially with the Japan 30-year bond yield rising, while US bonds have only recently been rising. Dayum, smells like summer indeed.
But, for the record, there are some positives - especially when it comes to US and China relations: the White House just announced multiple US-China trade deals and developments following President Trump's meeting with China's President Xi, which will make the money flow, and that’s what we need for the markets to catch a spark.
Well, I mean, TardFi has been on fire for months now; we just need that spark in crypto now. I wouldn't get desperate here, though. I would get patient, risk-averse, optimistic, and forward-looking. Better times are coming, my frens. Of that, I'm certain. Cya tomorrow.
Oh, just to summarize - it wouldn’t surprise me to see some weak ass bounces and a retest of let’s say, $70K? I do believe this whole area, range, whatever you want to call it, is a zone where the final bear market bottom forms. I intend to buy as low as possible, and if not, I will chew glass until my position turns green.
👇 And if you haven’t yet, hit subscribe below 👇
ETH MILAN. May 21-22.
Coming up! Italy’s leading Ethereum conference, hosted at Leonardo da Vinci’s Museum of Science and Technology. Pretty wild setting for a crypto event, isn’t it?
Join 2000+ attendees and 100+ speakers
Here’s a full summary of speakers for those of you interested
The important bits.
Zoth, a privacy-first stablecoin neobank, has integrated LI.FI, read here
SEDA powers 15 onchain stocks with $16.9 billion worth of volume already, see here
Squid: "No more ₿itcoin just sitting around. Now, it's powering DeFi natively", read here
Optimum: PQ security demystified - read everything here
Squid: “If you believe in DeFi, you believe in Squid”, see here
Access CBRS and 150+ others 24/5 US equities on Pyth Pro, try it out here
GBP is now live with 50x leverage on TradeXYZ, trade here
RocketX explains how to get zero footprint onchain and stay private, read here
SpaceX pre-IPO trading is now live on Markets, trade here
Offshore Protocol season 2 is now live, all details here
Ave Forge hits the number 4 spot by fees on MegaETH, see here
Tulpea, RWA protocol on MegaETH, announces new plans, read here
Pumpfun announces USDC token pairs coming May 21st, read here
Hyperliquid’s validator set to increase to 27 soon, read here
Even more important bits.
Trump said he will sign the CLARITY Act “IMMEDIATELY” once it hits his desk, watch here
BitMine Immersion purchases another 71,672 Ethereum, read here
China agrees to buy $17,000,000,000 of U.S. agricultural products, read here
Bitwise announces very bullish news for Hyperliquid, more info here
BlackRock CEO Larry Fink just said something insane (bullish crypto), listen here
Berkshire Hathaway increases its stake in Google by 200%, read here
Monad was exploited! Here’s the full list of damages
60 Minutes segment on Polymarket explains insider trading, watch here
Trump called off military attack on Iran after Qatar, Saudi Arabia, and UAE asked him to "hold off", read here
Wintermute announces big news coming up tomorrow, read here
Revolut unveiled a physical crypto card with Dogecoin branding, see here
Charts and stats of the day.
At $76.7k, more than 7.8M BTC are currently held at a loss, chart here
Over $1 billion across the Ethena markets on Jupiter and Kamino, read here
Michael Saylor's 'Strategy' bought 24,869 Bitcoin worth $2 billion, read here
Only 35 protocols cleared $2M in monthly revenue last month, here’s the full list
Base is seeing crazy amounts of inflows, check the chart here
RWA trading on Hyperliquid reached a new ATH of $2.6B in open interest, see here
The top 3 revenue-generating apps in crypto are these: see them here
Lastly, our daily Telegram bulletin is back! Join in right here and stay on top of everything, every day.
Ostium goes Nasdaq mode.
“Trade equities with size onchain, 24/7.” Ostium in a nutshell. These guys've been building for a while now, and the crop seems to be coming to fruition.
Today, Ostium is right on our radar with its announcement of a Nasdaq partnership. Quite a biggie, I’d say.
Now, what separates Ostium from other want-to-be 24/7 equity exchanges is the fact that Ostium doesn’t build liquidity from scratch - it directly connects itself to the most liquid markets in the world. Here’s a full explainer of the mechanics if you’re interested.
Another fundamentally critical factor: the Ostium founder shows up every day not as a crypto bro but as a full suit chad. Don't believe me? Check it out for yourselves.
Not only did Ostium get on our radar, but it will stay there. Builders build, and I can smell good cooking up here:
What Happens When OpenAI Meets OnlyFans? Well, listen up:
Here’s exactly why most altcoins suffer (and will probably never recover):
Before we get into today’s daily dose of AI, check out this chart of x402s on Base. I mean, absolutely dominating. Combine this with Virtuals (42% of all agentic transactions on Base run through Virtuals), and you can clearly see the recipe for action.
The AI news & updates.
Meta to begin cutting about 8,000 jobs this week as AI spending surges, read here
Sibyl Labs is building the substrate underneath autonomous systems, full explainer here
Fast mode now defaults to Opus 4.7 in Claude Code; try it out
Anthropic reverses course, now allowing Mythos users to share cybersecurity threats with others, read here
Google and Blackstone launch a joint venture to build a new AI cloud company, read here
Virtuals Protocol EconomyOS takes agents beyond chat, see here
OpenServ verification outperformed every frontier model tested, read here
You can now create more with Claude Design (token limits doubled), read here
Cursor is introducing Composer 2.5, their most powerful model yet, read here
Claude is launching self-hosted sandboxes (public beta), announcement here
Elon Musk's X launches Creator Connect, an AI-powered tool that matches brands with the right creators, read here
AI Charts and stats of the day.
Daily video inference requests on Venice are going parabolic, chart here
The AI tutorials of the day.
4 levels of Hermes Agent setup explained, read the full explainer here
Motion design with Claude Code + Higgsfield MCP now available, here’s how
AI Articles/Videos of the day.
Microsoft has released a 4B parameter model that turns any image into a 3D asset in 3 seconds, watch here
Observe and conclude:
Monetrix (Yieldmaxxin on Hyperliquid)
Idle partners with Hatcher Labs (AI, compute)
Odyssey (Introduces Agora-1, a multi-agent world model)
Exactly how I feel these past weeks in crypto.
Remember our PURR episode? Well, here’s a thesis you simply can't miss if you’re a long-term mind setter like myself. Check it out here (no rush, bull is still in brew mode).
If this was useful, forward it to one person sitting on the sidelines right now. That's how this thing grows. MUCH appreciated.
Hix0n 🫡
