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GM, schizo June continues.

BTC happily continues to fake out both sides of the aisle, while still trapped between $107k and $103k. For now, the downside looks more probable, especially when you factor in the historical June stats we covered on Monday.

ETH is flashing a few short-term warning signs as well: open interest is through the roof, funding rates are high, and there’s a pocket of ripe downside liquidity.

That said, I still view any downside move—ideally into the $98k zone—as an opportunity for the remainder of June (at the very least). Personally, I’ll start paying closer attention once the timeline floods with 2021 BTC top fractals again, which feels inevitable if we break below $100k.

Of course, upside surprises are always on the table, especially with the current Trump and China talks moving forward.

Back to Ethereum, the war mode continues. If you’re an ETH head, definitely go over this latest Treasury Strategy article that was just released. Oh, and the spot ETH ETF inflows are looking very juicy lately. As long as ETH continues on this path, everyone will be happy.

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The important bits.

• OpenServ hosts a hackathon with $10k+ bounties, join here

• Mira Network publishes weekly quest rewards and results, check here

• INFINIT explains how to turn DeFi actions into one-click commands, read here

• Ionet releases SuperAgg dashboard, check it out here

• Sophon announces upcoming listing on Coinbase, full details here

• Hyperliquid HyperEVM airdrop guide dashboard now available here

• F(X) Protocol reached almost $200m TVL, check statistics here

• Beraborrow enables iBERA/iBGT collateral, borrow against your LP here

• HeyAnon upgrades their user interface and AI indicators, try it out here

• Berachain activates the Bectra upgrade, full breakdown here

• Arbitrum launches Trailblazer 2.0 to support DeFi, read details here

Even more important bits.

• Circle is now officially a public company, listed on the NYSE

• The European Central Bank has cut interest rates by 25 basis points, to 2.00%

• Vitalik explains Ethereum’s new goals in a new post, read here

• Public Gold Miner Bluebird Mining Ventures to adopt Bitcoin treasury strategy

• Elon Musk said "America is in the fast lane to debt slavery".

• Bitcoin held on exchanges for +3 years will be transferred to the state of California

• JPMorgan to accept Bitcoin & crypto ETFs as collateral for loans

Charts and stats of the day.

• Onchain analytics point to Consensys buying $300m worth of ETH

• Active loans on CurveFinance’s Llamaland are experiencing parabolic growth

• Nearly $1B in ETH validators pending!

• Recession odds for the USA drop significantly

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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OTHERS 3D Log Chart

The OTHERS index is everything outside of the top 10 - your basic alt index. When we have a degenerate market like we had into December last year, it tends to top above the Value Area High (top green VWAP line).

As of today, Bitcoin looks weak, and I think there’s a reasonable chance it pulls back to the $93k area, which would be extremely painful for most altcoin bags. For that reason, I’m going to avoid heavy alt bags until BTC is showing strength again, and this current downward chop regime has resolved.

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!

DeFi comeback will be historical. This is exactly why we focus on undervalued picks in our Degen corner sections below.

Undervalued DeFi bets: Peapods Finance.

Peapods Finance’s product has been on the market since 2023 with zero hiccups.

The product market fit is clear here: unlocking sustainable yield on any asset through Volatility Farming.

With the deflationary PEAS token's fully diluted market cap at $33 m and Peapods Finance dominating the top yields page on DeFiLama, this is certainly something worthy of attention when DeFi is back on the rise.

• Guru (Delegated Fund Management for Defi)

• Liminal (Hyperliquid DeFi)

• Tweem (Creator coins)

To save you doom scrolling.

The James Wynn saga is never-ending. Latest developments below.

Today’s Shitcoin Church episode is one not to be missed. I have to say, I agree with quite a few Messi picks here.

If DeFi season is next, then Agent Chud is the one to follow.

stay safe homies,

Hix0n 🫡