🚀 The Bull Run is Now Marked as Safe!

GM, the bear hunt is in full swing.

Bitcoin is now very confidently above $64,000, which means it’s highly likely to travel straight back up to $71K. Not many signs of slowing down yet, except a little bear divergence, so don’t be shocked by a brief ‘recharge pullback’.

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 do—it 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 here—if 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?

It’s 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 that’s leveraging it. Tapioca is our Curve of the omnichain world, while Hermes is the DEX or the Uniswap of it.

It’s 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, we’ve 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 “for criminals” 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 Vance’s wife firm in their SEC case - read

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

Colend’s 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 →

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 doesn’t look too shabby.

stay safe homies,

Hix0n🫡