😼 DisbeliETH: Is It Finally Happening?

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GM, welcome to disbeliETH.

I can sense a true vibe shift happening this time, but first, let’s check on Bitcoin. After yesterday’s pump, we may see a brief pullback into tomorrow, perhaps around the CPI data release.

Still, that should align with the levels we’ve been eyeing for over a week: if $106k–$107k holds on a retest, BTC has a solid shot at making another run at all-time highs.

What’s the vibe shift, then? For the first time in ages, we can actually celebrate an ETH breakout without feeling like the apocalypse is right around the corner. Not only is Ethereum strong against both BTC and SOL, but the strength is fueled by fundamental changes in the narrative. Yesterday’s SEC hearing could not be more bullish for DeFi (details here), and we all know the home of DeFi is Ethereum.

If our hopes become reality and ETH runs past $3k again from here, all the main DeFi picks, such as MKR, CRV, CVX, AAVE, LINK, and others, will continue to fly.

Notably, great setups are brewing among the 2023 OG meme picks. With SPX trying to break past ATHs, it’s possible to see massive second-order effects repricing memes such as MOG, JOE, or even KEKEC. The 2023 Dopameme Wars nostalgia is hitting hard.

Let’s hope Elon doesn’t get high on ket and start shitposting again, but for now, things are looking promising.

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The important bits.

• Dolomite activates BGT rewards on Berachain, more details here

• HeyAnon announces the 1.5 upgrade, read details here

• Silo activates xSILO, learn how to use it and get rewards here

• Berachain prepares to activate BegaCore upgrade, read details here

• LiquidSwap announces changes to the fee structure, read here

Even more important bits.

• Reports say Trump's talks with Elon are going well

• SEC mentioned Hyperliquid in a recent hearing, watch here

• Chainlink facilitates HK and Australia CBDC–stablecoin exchange in a pilot with Visa

• Stani from Aave met with the president’s council advisor

Charts and stats of the day.

• Hyperliquid Assistance Fund is now worth $1b

• Andrew Tate larps a $20K PnL, but is down $600k on-chain

• $110,000,000 worth of Bitcoin shorts were liquidated yesterday in 60 minutes.

• Total stablecoin supply just broke $250B

• Limilan’s TVL on Hyperliquid is growing rapidly

StalkChain spots the next big meme coins early by tracking top wallets and smart money moves in real-time.

See what whales are buying, follow top-performing traders, and analyze token trends before the crowd.

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LQTY/USDT.P Binance 3D Log Chart

I think established DeFi (dino) protocols do well for a while here, in light of the regulatory tailwinds out of the US. LQTY (above) is not the oldest, but probably has the best-looking chart setup. Try to snag a pullback sub $1 if you can. $1.50 is the next major resistance. Depending on the reaction there, it’s possible we go above $2 in the next few weeks.

Also check out perennial good buy and friend of US regulators, AAVE - recently outed as less than 10% of the Revolut valuation ($45bn), with 2x the TVL / AUM. COMP looks good too and has been fun to trade. It could run for a couple of months or thereabouts. There is a log trendline stretch target at around $200.

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!

MegaETH Airdrop prep: NFT route.

MegaETH is an upcoming L2 that I’m pretty excited about, to put it lightly. If you want a deep dive, jump back to our article. Here, we’re gonna go straight to the business.

Main steps to prepare for the MEGA airdrop:

• If you don’t have the official Fluffle NFT, be on the lookout for OTC markets to get it. If you do, feed your Fluffle daily on the NFT page.

• Secure your Bad Bunnz NFT

• Prepare for the Megalio NFT mint, or secure a free mint by buying a Milady

• Start playing around on testnet, especially on the GTE perp. market, this one is a flagship product for MegaETH

• Watch closely for other free mints, for example, the MegaCarrot NFT or MegaNacci announced today

• HyTrade (Hyperliquid trading aggregator)

To save you doom scrolling.

If you recall our newsletter from the end of March and the start of April, this one’s for you.

We’ve been blabbering about the economic uncertainty index a lot. When the whole world is scared, it’s time to buy. This is a great lesson to remember.

The altseason hopium is hitting strong right now. If you want to hit it as well, check on this and this chart.

Prayers up.

stay safe homies,

Hix0n 🫡