🎆 Is This the Most Important Day in History of Crypto?

🗞 Market commentary.

GM moggers. 

So, just yesterday, we made a bold statement about two moggers saving the crypto industry. And who do we have following suit just the next day? None other than Tyler Winklevoss: “The guy in the goggles has completely reversed crypto's fortunes in Washington. Well done sir”

I can’t agree more. We’re truly showing the power of real crypto communities right now. What we’re seeing now is incomparable to 2021; the strength of the network is palpable, and the results speak for themselves: we managed to stop Biden’s veto plans in their tracks, and now, the FIT21 crypto bill is passed. I mean, even Nancy Pelosi voted in favor of it, and we all know her trading track record.

The FIT21 bill might be one of the most important pieces of legislation to pass this bull run, if not the entire history of crypto in the US. There’s now a clear path for projects in the States: if your protocol is sufficiently decentralized, it simply is not a security. Not only does this add rocket fuel to this run, but it also motivates everyone not to cut corners and aim for proper decentralization and, with it, the security of all given protocols. 

When it comes to dates, besides today’s VanEck Ethereum ETF decision today, the most important one is BlackRock’s coming up on August 7th. 

Buckle up, it’s gonna get very 2017 around here.

📊 Luke’s Chart of the Day

Mog/WETH 1H Uniswap Log Chart

We last featured MOG on the 14th, and it has pumped close to 40% since then. It is currently hitting some round-number resistance at 0.0000001 and coming into a reload zone here on the hourly chart. Purple boxes are my price and RSI buy zones—we're looking to scoop oversold levels or a range-high retest on the hourly chart if we get them. 

Blocmates Mogger-in-Chief Hix0n assures me this is the ETH beta par excellence. 

Don’t waste your time on lead boots, Lido, and other VC-cucked coins.

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!

🔥 Degen corner.

Get Paid to Borrow Bitcoin

Old but gold DeFi protocols are coming back with a vengeance lately, at least when it comes to news and developments. Badger’s new eBTC protocol introduces a novel approach to crypto borrowing, where using reward-generating stETH as collateral allows you to borrow synthetic Bitcoin without any fees. 

Moreover, eBTC not only pays you to borrow but also gives you exposure to the ETHBTC pair, renowned for its historically strong price correlation and lower volatility compared to trading ETH or BTC individually. This stability significantly reduces the risk of liquidation for eBTC users.

Right now, the Round 2 Get Paid to Borrow Bitcoin is wrapping up, and existing CDPs can still deposit more ETH/WETH to benefit from the 12% APY. Stay tuned and follow eBTC’s announcements closely; we’re hearing about a new juicy reward season coming shortly.

Finally, if you wish to dig even deeper, our good friend Wajahat Muhal has a brilliant breakdown of the eBTC protocol.

👀 DeFi insights.

The important bits.

• Whales Market (DeFi) - Introduces Whales.Meme launcher - read

• Sanctum (LST) - Announces wifSOL, first LST that DCAs WIF - read

• ZkSync (L2) - TGE might happen this week, airdrop to follow - read

• Uniswap (DEX) - Introduces ERC-7683 - read

• Core DAO (BTC DeFi) - Reached 811 BTC delegated  - read

• Clone (Cloned-assets) - Maximize points by leveraging staked PYTH and JUP - read

• Jupiter (DEX) - Plans to list RWAs, stocks, forex, and more - read

• Aevo (DeFi) - Lists MOG coin - read

• GuildFi (Gaming) - Apeiron game announces $1,000,000 prize pool - read

• Persistence One (DeFi) - Announces bridging WBTC into its ecosystem - read

• Botanix (Bitcoin L2) - Partners with Master Protocol to bring LSTs to Bitcoin - read

📰 DeFi news.

Even more important bits.

• SEC has started engaging with Ethereum ETF issuers over S-1 forms - read

• CNBC guests already believe in Solana ETF - read

• SBF is being transferred to a new California prison - read

• Congressman Emmer gives speech supporting regulatory framework for digital assets - read

• Nvidia $NVDA reports $26 billion in revenue for Q1- read

🫠 ICYMI.

Life gets busy so here’s what you’ve missed.

Inside Scoop on MOG Coin: Creating a VIRAL Meme Project

Podcast

In this episode of Still Early, Grant is joined by Aug from MOG Coin. This episode is a treasure trove for anyone curious about how meme coins come to life and thrive in the crazy world of cryptocurrencies.

Tune in on Spotify | YouTube →

🐥 Tweet of the day.

To save you doom scrolling.

When it comes to crypto research in the real-life streets, there’s no one who does it like Rasmr. Recommended watch!

🦍 And finally…

It’s hard to understate how massive the MOG coin move and its role in the election race, as well as the regulatory drama is. We also see a lot of mainstream talking about PEPE and connecting it to MOG right in the second breath. 

How long until Trump shows up at a rally with the moggles on? 🫵😹

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