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- 🤑 Ethereum ETFs to Include Staking? Yes, Please.
🤑 Ethereum ETFs to Include Staking? Yes, Please.
PLUS we found the main project on Berachain!
GM, the show must go on.
Our future president dodged a bullet, and just days later, he’s back in full force, shilling crypto. Yesterday, Trump declared he’ll 'end Joe Biden’s war on crypto.' Ending wars, whether they’re in the crypto world or reality, is always a win.
Bitcoin itself is taking a little breather, but there are no signs of a possible reversal back to the downside. Meanwhile, Ethereum looks promising, despite some politically charged folks grumbling about Vitalik’s latest blog post. What’s more important is people like SEC commissioner Peirce saying ETH staking might be open to reconsideration as part of upcoming ETH ETFs.
As we near the ETH ETF season, it might be worth checking up on leading staking projects. Some of those, like Redacted Cartel, for example, are already showing significant TVL growth while also leading the current yield positioning.
If you haven’t already… hit the subscribe button and get the coolest welcome email in crypto!
PURR/USDC Hyperliquid 1W
Big pump on PURR - holders are rumored to be the recipients of airdrop points. The purple box (my buy zone) occupies the bottom half of the Fair Value Gap (FVG) created by that big green weekly candle. The FVG is the space between the bottom of the current candle and the top of the red weekly that preceded the big green candle.
This is a price action trading concept where the market seeks to balance itself by sweeping the liquidity left behind by big moves and imbalanced PA. tl;dr The purple box should be a great entry. Good protocol, good coin, buy when the number goes down.
NFA as per usual, please always do your own research.
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!
Infrared Finance to Control Berachain?
Closed sauces tell me Infrared Finance is Berachain's main ecosystem play. In this case, I tend to listen.
Just yesterday, Infrared released an explainer of iBERA, the liquid-staking version of BERA. BERA is a core token of the chain, and since V2, its role has expanded beyond a nativegas token. Validators now use BERA to secure the network, produce blocks, and earn rewards.
In the words of Infrared: “... however, staking BERA involves “locking” up a significant amount of tokens. This requires a meaningful amount of capital and requires stakers to give up the opportunities available in the DeFi ecosystem — limiting their yield opportunities. That’s why we’re building iBERA.”
He who controls the spice controls the universe. Infrared, in this case, controls Berachain.
The important bits.
CULT (Milady Memecoin) - Teases with a new trailer video - read
Blast (L2) - Cuts bridge time to 7 days - read
Swarm Markets (RWA) - Cuts supply by 1/3 - read
Uniswap (L2) - Launches a browser extension - read
Maker DAO (DeFi) - New details on NGT token activation - read
Infrared (Berachain LST) - Puts out explanation detailing iBERA - read
DeFi Saver (DeFi Automation) - Integrated ODOS - read
Botanix Labs (Bitcoin EVM) - Partners with Ankr - read
Avantis (DeFi) - Reaches 9,500 reward campaign participants - read
EOS (L1) - Current staking APY reached 35% - read
Even more important bits.
Trump: “I will end Joe Biden’s War on crypto” - read
Putin: “Bitcoin mining might overload the electricity grid” - read
Crypto Exchange WazirX Hit With ‘Security Breach,’ $235 Million Moved - read
FTX and CFTC finalize $12.7 billion settlement deal - read
DeFi protocol LI.FI hacked for $11 million - read
Stripe enables crypto purchases via debit and credit cards for EU users - read
MaelstromFund announces Bitcoin developer grant program - read
Life gets busy so here’s what you’ve missed.
Introducing Blinks: Phantom’s Plan to Dominate the Crypto Space
Podcast
In this Still Early episode, Grant has a chat with Brian from Phantom, a digital wallet reimagined for DeFi within the Solana ecosystem.
Brian shares insights into Phantom's origins, the challenges they faced, and the strategic decisions that led to their success.
To save you doom scrolling.
This chart from Ki Young Ju provides valuable insight worth remembering for any upcoming FUD involving possible selling. Remember the Germany FUD? It’s all just price action and narrative; fundamentally, the market can easily digest these numbers.
As we steadily return to fundamentals, especially with the market digesting the full impact of ETH ETFs, it’s worth staying updated on leading DeFi projects. Today, you can read up on the stretching convexity of CVX by Curve Cap. I personally see CVX traveling back to all-time highs and beyond, but that’s just me…
stay safe homies,
Hix0n🫡
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