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- Cope, Survive, Repeat: Another Week in the Trenches
Cope, Survive, Repeat: Another Week in the Trenches
Lavina Checkin' In From The Beach #15
Before we jump in, make sure to check out the Meal Deal:
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To navigate crypto bull markets correctly, one needs to have a crew with which to bounce ideas.
Thatâs why we created the Meal Dealâa lifeline for the professional degen and a gateway to an active crew grinding every day to make it in crypto.
Institutional-grade research
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GM my fellow earthlings!
Despite everything that happened at the start of the week, Iâm glad youâre still here. The dump freaked us out for a sec, but hey, we coped and survived.
For now, you donât have to do much. Let your spot bags sun-soak for a bit, and time will do the rest.
Updates-wise, it has been quite a busy week. Lemme quickly run you through the key developments.
Trump, tariffs, and trade wars
President Trump imposed tariffs on Canada, Mexico, and China over the weekend. This action planted the notion of a global trade war in people's minds. The result: a nasty wipeout.
Traders all across the board got rekt. The total liquidations crossed $2.26 billion, a new 2025 high.
While BTC dropped over 8% over the weekend, ETH straight away dived by 20%. Just when it felt like our tolerance had reached its threshold, Trump agreed to hold off imposing tariffs on Canada and Mexico for 30 days, but but but, China wasnât shown any mercy.
Weâre kinda stabilizing in the current range at the moment. Fear has gradually vanished, and neutral sentiment has taken over, but the chart below continues to haunt ETH bag holders.
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Smart-money movements on Ethereum.
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Source: ChainEdge
Smart-money movements on Solana.
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Source: ChainEdge
AI falls to only 32% mindshare.
AI falling down to "only" 32% mindshare.
DeFi has been the main sector gaining focus again in the past couple weeks.
â Kaito AI đ (@_kaitoai)
11:05 AM ⢠Feb 6, 2025
Crypto taxes? Absolute pain.
Sifting through receipts, crunching numbers â it's a yearly ritual of suffering. Throw crypto into the mix, and itâs full-blown chaos.
Now youâre juggling transactions across wallets, flipping between CEXes and DEXes, and wondering if that airdrop was a win or just a taxable headache. And letâs not even start on staking rewardsâŚ
Well, it doesnât necessarily have to suck.
Crypto Tax Calculator is built for degens like you. With over 1000+ integrations, a custom shitcoin pricing oracle, and the superpower to handle your on-chain terror.
You can either generate reports your accountant will love or directly file âem yourself.
Snag 20% off your first year. Your accountant â and sanity â will thank you.
Pump in legal crosshairs
Pump.funâs parent company and its three founders have been charged with a proposed class action lawsuit. Parallelly, theyâve also been hit with a cease and desist order.
The allegations: Offering and selling âhighly-volatileâ unregistered securities to investors + making nearly $500 million from fees + violating US securities laws + scripting a novel evolution in ponzi and pump and dump schemes.
Who filed the suit? Diego Aguilar, an investor who suffered losses by investing in three memecoins: FRED, FWOG and GRIFFAIN.
I mean⌠given their ultra-unhingedness, we all kinda knew that this was bound to happen.
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The important bits.
Anon (DeFAI) - Launching today
Mode (L2) - Features Muchachos (DeFAI project)
Core DAO (BTCFi) - Earn 5x Spark rewards using Pell Network
Ramen Finance (Berachain) - Participate in Ramen launch today!
Yeet (Berachain, NFT) - Launching today on Ramen Launchpad
mETH Protocol (DeFi) - mETH is planned to be a core asset of Mantleâs Enhanced Index Fund
Maia DAO (DeFi) - Tune in for the weekly AMA session today
HMX (Perp. DEX) - Weekly HMX staking yield reached 45% APY
Peapods Finance (DeFi) - Leveraged Volatility Farming beta goes live today
Tanssi (DeFi) - Releases details on TANSSI tokenomics
Sophon (Entertainment layer) - 7,900 actives nodes reached
The Bera era
Q5 has finally arrived. The Berachain TGE and mainnent launch have officially been checked off the list. The start has been pretty solid.
Despite skepticism and criticism, you know down there that they have utility, they are legit, and do honor the community.
If your conviction remains shaken, then hereâs a knock-knock reality check post by Shad that could help change your mind.
Very interesting dynamics regarding the Berachain Launch and Airdrop.
At a high level -> A huge airdrop going out, alongside a big initial spike in activity, see -> dune.com/sealaunch/beraâŚ
Berachain is *the most hyped* project by 'Mindshare', yet Price is down only.
Why?
It⌠x.com/i/web/status/1âŚ
â Shad (@madladshad)
10:30 AM ⢠Feb 7, 2025
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Life gets busy so hereâs what youâve missed.
@alexblocmates@CryptoTubeYT Over on @YouTube:
And for the @Spotify dwellers: open.spotify.com/episode/22qkzxâŚ
â blocmates. (@blocmatesdotcom)
2:09 PM ⢠Feb 7, 2025
Crypto Sentiment Is Awful: Friday recap with blocmates.
Podcast
Today's episode features just Alex and Gazz, with Mike absent. Another brutal week on the timeline has actually freed up some space to think and let builders build. We're talking tariffs and where we go from here: Hyperliquid, MegaETH, pump, fun, and Berachain.
Tune in on Spotify | YouTube â
MegaETH NFTs
Berachain and MegaETH have been ruling over the mindshare charts this week. The Mega guys released their flagship collection called 'The Fluffleâ comprising of 10,000 NFTs.
Each NFT costs 1 ETH and will cumulatively represent at least 5% of the MegaETH network. The allocation is dynamic â designed to increase as the NFT collection evolves.
All NFTs are gonna be offered on a whitelist-only basis. Importantly: No one from the MegaETH team will hold any of the 10,000 NFTs. Fair, healthy, community-first distribution.
Also, just in case MegaETH doesnât ring a bell: Theyâre the ones who raised $10 million in less than three minutes in mid-December via Echo, Cobieâs angel investor platform.
Other honorable mentions
HyperEVM implemented two major testnet architectural upgrades: dual-block architecture and sender-agnostic token transfers. They're set to optimize block speed, transaction scalability, and developer experience on Hyperliquid. Pretty sic!
While companies worldwide are busy adding BTC to their treasuries, publicly traded Canadian firm Neptune added 1 million DOGE. A meme coin in a treasuryâthatâs a feat in itself.
MicroStrategy has rebranded to Strategy. Very obviously, this has been done to signify their commitment to Bitcoin. However, things might not be going well for the firm on the money-making front. In its latest earnings report, it was revealed that the Nasdaq 100 company registered a net loss of $670.8 million in Q4 2024.
Crypto Scammers stole over $65 million from Coinbase users via social engineering scams between December 2024 and January 2025. Irrespective of the state of the market, such incidents keep taking place, so stay safauuu!
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When you're out there in the sea surfing, you must ride every wave that comes your way, no matter how rough it is. Well, in crypto, youâve to do precisely the same thing. There will undoubtedly be phases when it feels like itâs gonna be game over, but remember, thatâs exactly when the foundational stones for the comeback are laid.
The weekendâs here. Step out. Breathe some fresh air. Take a break from the charts. Unclog your head. Itâs all gonna get better.
stay safe homies,
Lavina đŤĄ
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