YEET.com has been doing some cool stuff lately in the crypto casino space, so we’re giving it a shout-out for anyone who’s been meaning to check it out.
They’ve been putting out a bunch of fun, crypto-themed games with plenty more coming!
I mean, check out the roster, plenty to choose from, plus it’s as easy as registering here and having some good old dicy fun:
South Korean markets are NOT enjoying themselves (or metals for that matter, not looking great today). Let’s hope our fate stays green and Saylor’s buys (estimated at 13,491 BTC today via STRC) hold up. GM.
With BTC consolidating and squeezing around the 200-day moving average, everyone can smell it, it’s in the air: something big is coming. Not only that, earlier today, we saw funding rates go deep into the red, and if that happens again, I’d say the chances of a rapid squeeze higher increase.
Now, with the Bulla talk coming up, don’t forget our conversations about fakeouts and red flags from earlier this week… and the important closes.
For confirmation of our lil Bulla outlook, Bitcoin should hop over $82K comfortably, and then we can watch the show unfold. If this is truly going to happen, I don’t want to see BTC stall much longer here. Sluggish for too long = not good.
Then again, if BTC stalls and just chops and fails, unable to go past around $82K (around the 200 DMA), this all might just be a failed distribution like the top. For this scenario, I’d recommend watching Follis's breakdown, very well put.
As of the time writing this, BTC just slipped below $79K, this is exactly when we start watching for closes, with the weekly coming up, and see on which side we find ourselves when we meet next Monday. This whole week was a tough cookie to answer, so let’s hope we have some soon.
Since we spoke about moving averages a lot this week, here’s a brilliant breakdown of historical events eerily similar to the point Bitcoin finds itself in, right here, right now.
If you want to combine all this while trying to “lever up” with altcoin exposure, scroll on; today’s chart of the day section is made for you.
Nevertheless, the mid-term macro signals remain mixed, so make of that what you will: bonds are skyrocketing all over the globe, this Bitcoin rally is mainly perps-driven, plus the likelihood of seeing rate hikes (yes, hikes - not cuts) has just become a base case for the rates futures market.
All in all, even if this is just a mid-term rally, and whether or not we have a final push to the upside for a few weeks to a month, let’s say, I do believe this all clears up, and we eventually find ourselves in the next cycle.
Long-term, I remain delusionally bullish on crypto. Since it’s Friday, let’s end this with a proper piece of Hopium: a great ETH/NVDA comparison. Now that’s something that would put a spark under all of these charts, one can pray…
👇 And if you haven’t yet, hit subscribe below 👇
ETH MILAN. May 21-22.
Coming up! Italy’s leading Ethereum conference, hosted at Leonardo da Vinci’s Museum of Science and Technology. Pretty wild setting for a crypto event, and naturally, blocmates will be there making everything look cinematic.
Join 2000+ attendees and 100+ speakers
Here’s a full summary of speakers for those of you interested
The important bits.
Pyth Network announces new price feed for Cerebras (CBRS), check it out
The PMF for SEDA’s 24/7 price feeds was proven through Dreamcash, explained by Matt here
Surf features a new airdrops/crypto website made in Surf Studio, watch here
Squid is offering 100 USDC to everyone who posts their belief on X, learn more
Nado added 3 new markets (SKY, TON, NEAR), earn points here
LI.FI is now running a validator on Monad, read more
Collector’s Crypto partnered with ComicBook.com to bring an on-chain digital vending machine to their 40 million+ users, read here
Euphoria mainnet is now live, test it out right here
MegaCorp plans to make MegaETH the number one gaming chain, read here
Hyperliquid explains their USDC activation with Coinbase in a new post, read here
Cow Protocol announces partnership with Euler, read here
ENA went live on Solana thanks to Sunrise DeFi, read here
Sui introduces Sui Spheres workflows for institutions, read here
Even more important bits.
Hana Bank acquired a $670 million stake in Dunamu (Upbit), read here
Circle expands USDC support across Hyperliquid, read here
Kraken announces migration from Layer Zero to Chainlink, read here
Bitwise launches the Bitwise Hyperliquid ETF ($BHYP), read here
Polymarket becomes Exclusive Prediction Market Partner of Serie A, read here
Charts and stats of the day.
The 200-year cycle plan for traditional markets: check out the chart here
Multicoin Capital is down over $40M on AAVE and selling, onchain data here
Onchain revenue is getting more diversified as crypto matures, chart here
22% chance the AI bubble pops by the end of the year, check Polymarket here
Lastly, our daily Telegram bulletin is back! Join in right here and stay on top of everything, every day.
PURR.
Remember our Monday Hyperliquid session?
Well, PURR is more than tightly connected to it. Either way this market goes, I believe, long-term, Hyperliquid will continue to dominate, and this already-tight, bottoming-out process resolves to the upside. Not financial advice, just my own bet.
The daily RSI just crossed 50, so there might be more pushes higher even in the short term. What I'm betting on mainly, though, is that PURR will recover fully and surprise many, whether it’s now or later.
Oh, and by the way, PURRDAT is now live on TradeXYZ with 10x leverage (for those who dare).
Next-Gen Neobanks To Keep an Eye On:
A good altcoin bias for you right here:
The AI news & updates.
Tavus presents its new Image-to-Replica product, watch here
NVIDIA CEO presents a new $249 AI computer that fits on your desk, watch here
Seedance 2.0 can now read your entire shot list to generate a full story, watch here
Zerion built a new wallet for AI agents, watch the trailer here
Higgsfield announces Higgsfield Supercomputer, watch here
Anthropic agrees to a $30 billion fundraise at a $900 billion valuation, read here
Dating app Bumble to remove left-right swipe & replace it with an AI matchmaker, read here
Will SIBYL answer the AI memory bottleneck question? Full thread here
Martha Stewart raises $10 million in seed funding for her AI startup, read here
Anthropic + Baidu propose DAA = the agent economy, read here
AI Charts and stats of the day.
Real-time stock charts inside the terminal, get them here
Anthropic overtook OpenAI in paid business adoption for the first time, read here
Nvidia hit $5.5T market cap (first company ever) as Jensen Huang arrived in Beijing with Trump, read here
The AI tutorials of the day.
Useful tip to cut time-to-first-token on longer prompts in the API, read how here
Generate an image of a product with ChatGPT Images 2.0 and convert to CAD, see here
Dead Simple VPN with a tiny 25KB memory footprint, get it here
Listen to the US chairman drop some knowledge live on TV:
Bluechip (Onchain, AI)
AutoScientist (Automating the Science of Model Training)
Notion (v3.5 developer platform)
Microsoft MDASH (100+ specialized security agents)
I wonder how many of us went through exactly this:
I'm with CZ on this one (recommended listen). Let the true BUIDL begin. Enjoy the weekend frens, and don’t forget to touch some grass.
If this was useful, forward it to one person sitting on the sidelines right now. That's how this thing grows. MUCH appreciated.
Hix0n 🫡
