🐻 Elon Musk Awakens, Bears Are Fked.

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GM, these fakeouts are getting gnarly.

But overall, it seems the Bears are running out of juice. Sure, let them push lower again (the open interest is super high again). Still, looking around, especially in the altcoin land, everything seems more like a long, rather than short, opportunity.

If we once again start closing daily candles above $106.5k, we stay in control.

We’ve got Solana staking ETFs coming, Hyperliquid is about to deploy the CoreWriter contract, Powell confirms the solid majority at the Fed expects rate cuts this year, the debt ceiling will once again be raised, Big Beautiful Bill signed, and then it’s all she wrote.

We’ve had a global tariff scare, with talking heads everywhere screaming about recession. We were on the brink of World War III, and all the while, we’re still here debating about a six-figure Bitcoin. To top it off, Elon Musk is going through his ketamine awakening moment, finally starting to understand there’s no ceiling and all fiat money is fake. He will enter his Saylor arc soon.

Overall, every possible reason for the Bears to win seems to be dismantled again and again. Meanwhile, there’s no trending interest in crypto, and the reply guys are still aiming lower.

Yes, we might go lower and range a little longer, but at this point, I’m convinced crypto is immortal. The longer-term view was always higher, and it should be the default mindset we operate in, in my opinion.

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The important bits.

• Newton now offers 30% staking rewards, join here

• Fuel explains the Rig FUEL liquid staking, read here

• Shadow Exchange reached $1b trading volume, full stats here

• Mira Network explains its AI consensus mechanism, read here

• Katana announces the mainnet launch and reward program, join here

• SwapX announces the STRIKE TGE launch, join here

• GMX is now live on Botanix mainnet, details here

• Double Zero, an alt-internet project, covered in the new blocmates article

• GammaSwap is launching an incentive program, join and earn here

• Liminal on HyperEVM expands its deposit program, join here

• Felix launches stHYPE looping and HYPE lending, loop your HYPE here

Even more important bits.

• DDC Enterprise raises $528M to fuel its corporate Bitcoin accumulation plans

• Bit Digital has raised $163M in net proceeds from a public share offering to grow its Ethereum treasury

• Circle is launching Gateway, a new tool offering real-time, unified USDC access across chains

• Coinbase acquires Liquifi

• Fed Chair Powell calls crypto stablecoins a "positive step"

Charts and stats of the day.

• Tesla publishes their Q2 production data

• Axiom flipped Hyperliquid in 24h revenue

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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BOME/USDT 1D Binance Log Chart

A few CEX-listed memes from last year look primed for another run. Best looking chart goes to BOME. This was a massive insider play, which means cabal-heavy control. Make of that what you will. If they control the supply, they can send it again.

With the indicator at the bottom, we can see clear signs of accumulation and reaccumulation. Look for the price to get above that main resistance at 0.002 and reclaim. That’s an enormous run-up to the purple box. I have secured a small bag and will look to add on a Point of Control (white line) reclaim.

PNUT, WIF, DOGE, and CHILLGUY are similar CEX memes, all with similar, developing bullish structure. Here’s a BTC update I did this morning for a rundown of where the corn is at. After the successful retest of $105k last night, I am leaning towards up from here.

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!

Chillhouse once again back in the picture with Solana smart-money movements:

Interesting flows on ENA today for Ethereum smart-money movements. This one has a lot of monthly unlocks, but overall, it should ride way higher once ETH season kicks back in, in my opinion.

• Grove Finance (DeFi)

• KeyRing Network (DeFi)

• Generalist (AI, robotics)

To save you doom scrolling.

There is no second best.

Let’s do a little poll here. Are you bearish or bullish from here?

stay safe homies,

Hix0n 🫡