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- š The Bull Run is Now Marked as Safe!
š The Bull Run is Now Marked as Safe!
PLUS we found the next Tapioca!
GM, the bear hunt is in full swing.
Bitcoin is now very confidently above $64,000, which means itās highly likely to travel straight back up to $71K. Not many signs of slowing down yet, except a little bear divergence, so donāt be shocked by a brief ārecharge pullbackā.
Global liquidity movements once again confirm bullishness. According to MichaelHowell, global liquidity rose by US$920bn last week to US$170.7tr. Comparing the BTC chart to the global liquidity uptick, Bitcoin still has some catching up to doāit always follows these moves.
September is just a month and a half away, and the market is pricing in a 91% chance of rate cuts. Are the predictions spot on? Either way, sentiment is driving markets higher in anticipation.
Is there anything to fear right now? The only thing that comes to mind is the severity of the upcoming Mt.Gox pump. Looking closer at it, though, it seems that even if the Gox selling reached its full potential, dumping $3B on the market, it would still be manageable liquidity.
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ZYN/WETH Uniswap 12H Log Chart
$ZYN is a culty ETH meme that looks to be building a second big breakout. The RSI is in the overbought zone here, but the next pullback should be good to snag. The last breakout took us from 0.002 all the way to 0.16. The market cap is at ~$64m hereāif majors break to new highs as Eth ETFs come online, 0.85c seems like a reasonable target to look for.
Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!
Is Hermes the next Tapioca-like pick?
Itās quite a long time since we talked about Hermes. Rest assured, the team stayed cooking.
The Layer Zero tech has been in preparation for a long time, and this is another product hitting the market thatās leveraging it. Tapioca is our Curve of the omnichain world, while Hermes is the DEX or the Uniswap of it.
Itās quite crazy that Hermes's market cap valuation is still around $2.9 m ($10m fully diluted).
The long-awaited V2 of Hermes, which was worked on for about two years, is hitting mainnet August 21st. Meanwhile, weāve got an opportunity to farm some pretty nice APRs, as shown here.
The important bits.
Hyperliquid (L1) - RAGE token listing is coming soon- read
Akash (DePIN) - Brev (running on Akash) acquired by Nvidia - read
Runemilio (NFT) - Drop your taproot address for next phase - read
Term Labs (DeFi) - Added apxETH from Redacted as collateral - read
Destra Network (AI) - AI/LLM training integrated into the Unified Platform - read
Mantle (L2) - Free commemorative mint now available - read
Thales (DeFi) - Announces big UI update for today - read
Even more important bits.
US Senator who said BTC is āfor criminalsā convicted of bribery -read
Bets on the Fed cutting rates by 50 basis points in September surged - read
Elon Musk to move X (Twitter) headquarters to Texas - read
JD Vance follows Charlotte Fang (Milady) - read
Coinbase tagged JD Vanceās wife firm in their SEC case - read
Life gets busy so hereās what youāve missed.
Colendās Pioneering Strategy in Bitcoin Finance (BTC-Fi)
Podcast
It's an insightful chat featuring a detailed user journey on Core DAO, highlighting the simplified staking system and various bridging methods, and emphasizing the importance of non-custodial staking and user education.
Tune in on Spotify | YouTube ā
Lastly, I would like to mention the next spot token on Hyperliquid that might be worthy of attention. Rage Trade is launching their native token RAGE shortly after August 7, after the Fjord LBP sale. There might be a typical post-LBP dump, so watch out for that. However, as far as spot tokens on HP go, this one doesnāt look too shabby.
stay safe homies,
Hix0nš«”
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