🗞 Market commentary.
GM, we’re literally so back.
After yesterday’s soft CPI numbers, Bitcoin confirmed our target and bottom of $58,000 inflationary dollars, which we’ve been mentioning for almost two months. This was expected despite the absolute disbelief and doom on the timeline. Simply put, Bitcoin never goes under its production cost base, and if it did, it would violate the entire historical chart and the core mechanism of what we can call the Bitcoin business.
We’re not the only ones bullish, though. The past few days have been full of news about finance behemoths like Morgan Stanley and Millennium disclosing their massive Bitcoin ETF holdings accumulated during Q1. For example, Millennium Management now holds about two billion dollars’ worth of Bitcoin ETFs.
What about the meme mania, you might ask? Overall, we should stay bullish as long as Bitcoin remains strong. Plus, we literally received a warning against meme stocks from inverse Cramer yesterday, and you know what that means…
🔥 Degen corner.
New virtual reality gaming player on the block: Victoria VR
Victoria VR just launched their early access this week, providing the first look into a brand new virtual MMORPG world where you can learn all about Feng Shui and master the art of spells.
Early Access download: Victoria VR
Let’s see if blockchain-based virtual reality metaverse projects can start cooking again. After all, it’s been a while since the gaming season happened, and many of these projects have been grinding for years to put products out. Definitely a sector worth watching overall.
Lastly, the first Twitch streams are due to start today at 14:30 CET. Tune in!
👀 DeFi insights.
The important bits.
HarryPotterObama (Meme) - Partners with Eigen & AltLayer - read
Thales (DeFi) - Staking now yields 20% + 10% in stablecoin fees - read
Mantle (L2) - Check out Mantle One Stop Shop - read
Vertex (DEX) - Introduces Pear Protocol to the ecosystem - read
Botanix (Bitcoin L2) - Announces partnership with Solve - read
Core DAO (BTC DeFi) - Brings RWA to Bitcoin with Zoth - read
Unstoppable (DeFi) - Teased big announcement for today - read
API3 (Oracles) - Partners with Orbit, lending & MEV on Blast - read
GuildFi (Gaming) - Migration to ZENT token completed - read
📰 DeFi news.
Even more important bits.
Pepe Claims New ATH, Flips Solana on Daily Volume Front - read
GME outperformed Bitcoin’s yearly returns in a single day - read
Circle to make US its legal home and leave Ireland - read
BlockTower Capital’s hedge fund compromised and drained by fraudsters - read
Sonne Finance exploited for $20 million - read
“You can go to trillions of stablecoins with correct regulation.” Paul Ryan - read
DOJ arrests brothers who exploited ETH and stole $25 million - read
🫠 ICYMI.
Life gets busy so here’s what you’ve missed.
From Vacation Idea to Game Changer: DeFi Saver’s Journey
Founder series
In this episode of the blocmates podcast, Jedi is joined by Nenad Palinkasevic, Co-founder of DeFi Saver. Nenade provides insights on the importance of thinking long-term and keeping a keen eye on security and user-friendliness.
🐥 Tweet of the day.
To save you doom scrolling.
Study Smolting, draw liens in le sand and do not begg for validation from le sheeple.
🦍 And finally…
Focus pays. We’ve been closely monitoring market movements in the commentary section for the past few months. Those who kept up with us every day are not surprised by anything that has happened in the past few weeks.
Remember, there isn't such a thing as predicting the future, but there is the ability to recognize the most likely outcome and position yourself accordingly, and most importantly, stay composed.
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