🧐 BTC to $110K and Why Dips Are Oppurtunities:

ether.fi Cash 

Become your own bank.

ether.fi Cash is the real-world spending product we DeFi natives have been waiting for for so long.

It’s time to ditch your bank altogether and embrace the crypto life:

• Spend it directly with no fees on the sale, and earn 3-5% back on every purchase—debit or credit.

• Never sell - live like a billionaire: avoid taxes, compound wealth. Don’t worry about on-and-off ramps or taxes by spending against your balance as credit debt. 

• Pay off your debt with yield + cashback: earn 9% on stables, 7% on ETH, 2% on BTC, with HYPE and SOL on the way.

• Use borrow mode: 70% LTV against your whole portfolio, “only borrow, never sell”

• Keep self-custody, earn big yield, and never pay for instant withdrawals or have your money stuck in a CEX again.

GM.

It seems like the pullback is indeed continuing to pull the prices back. Even though today’s US retail sales data came in positive, it seems like BTC wants to take a bit longer of a breather.

Simply put, if BTC isn’t above $118.3k by the end of the day and the week, it solidifies the expectations of markets retesting the previous lows from the beginning of August. Of course, a lot can change until then, and there will be bounces along the way.

What’s certainly promising here are these CEX stablecoin inflows. Someone is getting ready to use these dips to their advantage.

Nevertheless, if markets continue to dip, I expect many more top-callers to appear on the timeline. If you’re one of those, I would advise checking out this comparison explaining where we stand now compared to the market top of 2021.

Going into the second half of August and then September, I believe that pullbacks are still opportunities. Happy weekend to all.

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The important bits.

• Almanak’s TVL is rising constantly indicating sucesss, check the stats here

• Alamanak updates Cookie DAO snap campaign, learn how to get multiplier rewards here

• Fuel Networks explains partnership with real time Stork oracles, read here

• Altitude explains self-repaying loans, learn and try it out here

• Stargate features the “Stablecoin Playbook” by Dynamic, read here

• Shadow Exchange announces its new mascot Sado, watch video here 

• INFINIT publishes August yapper spotlight, read here

• INIFIT explains V2 DeFi strategies, learn and try them here

• Sophon announces the Guardian NFT buyback program, learn more here

• PreStock announces partnership with RainFi, read here

• Plasma explains how it will unlock the ultimate potential of digital dollars, read here

• Yieldbasis releases the protocol core contracts for Autoleverage AMM, read here

Even more important bits.

• Google says: “upcoming Play Store policy changes won’t remove non-custodial crypto wallets”

• MetaMask is reportedly gearing up to launch its own US dollar-pegged stablecoin, mUSD, read here

• Keyrock says stablecoin payments projected to top $1T annually by 2030, read here

Charts and stats of the day.

• Hyperliquid reached new all-time highs with $29B in 24h volume, read here

Telemetry data of the day.

Let’s check both Pump and Bonk stats today.

• Trending PumpFun & Bonk, 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).

Boring markets? Let’s farm Hyperunit.

Hyperunit is turning into an absolute beast. If you need to know why, simply check out these volume statistics and read about the UNIT valuation potential.

Right now, there’s a great and simple opportunity to stack Hyperunit activity for the potential airdrop using Liminal Finance.

Simply jump here, click into “Pro” mode in the upper section, and choose a strategy for all the spot tokens: BTC, ETH, USDE, Fartcoin, etc.

This way, you’ll get exposure to Hyperunit spot assets and be rewarded with around 12% APR. Enjoy!

To save you doom scrolling.

This type of content deserves proper exposure. If you need a full crypto portfolio blueprint for your trading journey, definitely check this one out.

There we have it. A bit of a boring week is behind us, so let’s hope this choppy downside session resolves itself soon enough.

Only two weeks left until the end of August. The markets are primed for continuation. Enjoy touching grass over the weekend and then we back at it.

stay safe homies,

Hix0n 🫡