🚀 BlackRock Said: "No Dip, Only Pump Now"

🗞 Market commentary.

GM, no time to waste.

Bitcoin seems to be unwilling to allow any latecomers to join this ride. Simply put, the longer we consolidate around these prices, the higher the chances of upside continuation. 

Forget about bears, though: the TOTAL3 chart, which represents the broader crypto market excluding Bitcoin, Ethereum, and dollar derivatives, is in its own up only mode right now. Additionally, the monthly RSI entered the bullish control zone after a very, very long time. In simple terms, altcoins might have a lot of juice to squeeze, still.

In other news, Swiss exchange Figment is about to provide ETH and SOL staking, Arkham detectives are pointing out that Elon Musk’s Tesla holds about 20K BTC, and redacted Joe Biden types of memes are making waves not only through DEX swaps but also in mainstream news. You know, just another day in crypto.

Lastly, whenever you feel just a little bearish, remember that BlackRock is literally buying their own and other Bitcoin ETFs.

📊 Luke’s Chart of the Day

Two 1D charts today because they work together (sorry, Hix0n!).

$SEIYAN, top tier $SEI beta meme, and below, the $SEI chart, which looks primed for another runup. I’m betting these will run together. My spot bags are packed.

For $SEI, two possible scenarios: 

1. We break up from here

2. Back to the mid-range of the channel, then breakout. Liquidity has been taken at the lower trendline, so not likely we go back there, unless, of course, majors dump. Yesterday’s big 1D candle suggests price is ready to break higher. 

Top $SEI NFTs like Seiyan & WeBump are also in very short supply (1% listed), suggesting repricing is imminent.

🔥 Degen corner.

It’s time to LARP.

420 NFTs.

420 NFTs that could most likely change your life: but with great power comes great responsibility, fellow ape, and it’s you and only you who decides how to use vast-reaching powers as these.

Alright, enough with the Gandalf talk.

Here’s all the info you need:

Here’s the timeline you need:

If there’s anything unclear, shoot us a comment under here! 

👀 DeFi insights.

The important bits.

• Avalanche (L1) - Launched Teleporter to enable interoperability - read

• Renzo (LRT) - ezETH is live on Mode Network - read 

• AIOZ (AI) - Presents own Web3 storage solutions - read

• Vector Reserve (LPD) - gVEC is now live - read

• Persistence One (LSTs) - Partnership with StarGaze - read

• Alpaca Finance (DeFi) - Announces airdrop for PYTH stakers - read 

• Metis (L2) - Partners with Eigen Layer, Chainlink and more - read

• MODE (L2) - Launches restaking with Renzo - read

• MadLads (NFT) - Will receive upcoming Portal airdrop - read

• Persistence One (LSTs) - Partnership with StarGaze - read

• API3 (Oracles) - crvUSD/USD price feed now on the API3 Market - read

• Redacted Cartel (DeFi) - Partners with Nexus Mutual - read

• Ethena Labs (DeFi) - Secures $4M treasury right after launch - read

• Sturdy (Money Market) - Partners with MODE, Renzo - read

📰 DeFi news.

Even more important bits.

• BlackRock plans to purchase spot Bitcoin ETFs - read

• Pantera is raising funds to buy SOL from FTX estate - read

• Bitcoin’s ‘kimchi premium’ hits two-year high in South Korea - read

• Gary Gensler compares BTC to a roller coaster - read

• Arkham claims to identify SpaceX’s BTC addresses holding nearly 20K BTC - read

🫠 ICYMI.

Life gets busy so here’s what you’ve missed.

Where Crypto meets AI: Uncovering Authenticity Amidst Speculation 

Research

With the AI conference just around the corner, we've had Ollie delve into the trenches of the narrative.

Read More →

🐥 Tweet of the day.

To save you doom scrolling.

🦍 And finally…

Don’t forget to pick up your Wormhole airdrop!

I can only recommend checking up on both your EVM and Solana wallets, most of us active chain hoppers have quite a few tokens to pick up here.

Enjoy and thanks for reading through my favourite crypto people.