🧐 BTC Levels, Dominance, and Altcoins - Let's Prepare:

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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.

So if you fancy a punt, go have a play. Just remember, as always: gamble responsibly.

GM alternative cryptocurrency technology enjoyers.

If you’re still here, even though our beloved altcoins slosh around half dead while the stock market looks like this, I commend you. Our time shall come.

When it comes to the King, there’s currently a little bit of pressure on him until he confidently reclaims $122k, with a possibility to retest $118-119k. If, however, Bitcoin starts closing the dailies below $118k, there might be further downside. Of course, that’s talk for another time; I’m staying bullish for now.

Here’s a nice outline of current levels. I agree on the commentary as well: seeing dips and pullbacks while scaring everyone who became too cozy in alt positions makes sense here, but it’s nothing to really be concerned about.

Looking at Bitcoin dominance, it seems like this bounce might continue, so perhaps we need to be patient with alts (again). If this scares you, remember the wisdom of Mayne: a strong Bitcoin equals a strong market, and a strong market equals a longer bull run.

What I’ll leave you with is this highly optimistic bull take. I can see this happening. Stay tuned.

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The important bits.

• Giza opens the 12% APR ETH pools to everyone, join here

• OG Network is now live on Stargate, read here

• Jumper will be live on Monad since day one, listen here

• INFINIT yield strategies are live on Plasma, read here

• GenLayer Builders Points Program is live, here’s what you need to know

• Yield Basis pools volume is seeing great traction, chart here

• Yield Basis explains how opening up to $120M TVL will affect it, read here 

• Rush Trade announces a large increase in available leverage, read here

• Based becomes the first Hyperliquid live streaming platform, read here

• Chainlink launched an RPC endpoint for the HyperEVM, read here

• Aster airdrop checker will go live today, read here

• PEAS suffered a hit due to a large liquidation cascade, read here

• RipFun introduces graded prices for cards, read here

• Courtyard introduces One Piece card packs, read here

• Hyperswap announces 75% protocol buybacks, read here

Even more important bits.

• Timeline discovers Jeff (Hyperliquid) was part of Yzi Labs, see here

• Kalshi raises $300M at a $5B valuation, read here

• The Arena withdrawal drama explained in new blocmates article, read here

• Metaplanet temporarily suspends its 20th–22nd series of stock acquisition rights, read here

• Brian Armstrong says Base App will launch later this year, read here

• Solana features a Launchoin-coded flywheel, see here

• GSR introduces new crypto-focused series, watch here

• A Hyperliquid wallet exploit led to a $21M loss, read here

Charts and stats of the day.

• Prediction markets adoption is rising, charts here

• Arbitrum TVL is rising fast, about to pass ATHs, chart here

• BTC Futures Open Interest remains elevated, chart here

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

Telemetry data of the day.

PumpFun + Heaven + Bonk trending tokens for the last 24h:

If you want to access more of this type of data and trade freshly graduated tokens on PumpFun of Bonk, visit Telemetry here (it`s free).

Protect yourself against liquidations!

I believe featuring the f(x) Protocol is the right thing to do today. There are way too many people pivoting directly from memecoins to high-leverage perp trading. And it’s dangerous!

Here’s how this protocol protects you, even if you want to long or short ETH on leverage. I know for sure that when it comes to ETH, I won’t be touching leverage anywhere else.

• Rovers (Gaming)

• LAB (Multi-chain trading infrastructure)

To save you doom scrolling.

Wait how did no one warn me about this??

I can’t believe it’s Friday again. Well, let’s hope the market will be nice over this upcoming weekend, and even if not, let’s not get overly bearholed, which is a message I feel like I need to repeat time and time.

I’ll be touching some grass, and perhaps bidding some prediction market meta tokens. These have proven pretty resilient the past few days. Something is brewing. If you missed yesterday’s episode, definitely check back here.

stay safe homies,

Hix0n 🫡