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:
What a day! BTC hits the long-term value zone, Hoskinson is literally getting mogged on the timeline as ADA continues to die while he basically says “it’s over”, and the onchain redacts are placing $80 million worth of shorts on Bitcoin. GM.
Damn. Let’s start with BTC, because this downturn from $80 keks, which seems like yesterday, honestly, was pretty fast and brutal. I'm sure each reader feels a little differently about this, so I can share how I personally feel, while obviously realizing that none of us can say for sure what will happen. Those who do are simply lying.
That said, we've been ranting about the possibility of retesting $60K or eventually wicking below that level for a while now. More importantly, we discussed it in the context of long-term bottom creation.
So, before we check out some more daily news pieces - yes, I think buying Bitcoin here is safe, if you’re willing to chew glass and perhaps even go into the red for some time, as this whole mess plays out. Bottoms aren’t created quickly; the time element must take place. Interestingly, or more so, typically, this all happened to BTC right before we enter the summer slumber seasonality
Why bottom, then? Well, we already see ultra-massive shorts in this area (crazy to me). Bitcoin just hit its weekly 200 EMA and is even closing on the long-term fair value zone, currently at $53K, as seen in this chart.
If $60K is a very good long-term buy, below sixty is excellent in my opinion. Again, this applies only to the very, very patient BTC buyers. Many will sell during the possible Summer Slumber, get scared, or see some kind of blow-up or drama in the news, as BTC slides below sixty thousand dollars. Let’s see, I'm curious myself.
While I do think BTC is a good buy here, and I'm getting more bullish as we go, I’d be careful buying into STRC-backed stables or other products, as this whole Saylor drama might take a while
Check out this STRC and Strategy outlook breakdown by Stephen of DeFi Dojo, though. It might not be that bad after all. Again, very curious how this plays out.
Lastly, this all happens just after we saw some pretty crazy divergence between BTC and altcoin dominance. Even the good altseason index is almost flashing green now.
I'm not sure if this is crypto finally pivoting away from Bitcoin, or yet another final leg during an environment filled with stock profits, looking to capitalize on that handful of sweet, revenue-producing protocols in crypto. Speaking of revenue, check out this 5-year chart. I'm pretty sure our industry is just fine, even if we have to chew glass for a while.
👇 And if you haven’t yet, hit subscribe below 👇
The important bits.
TrueNorth takes 0% builder fees, making it the cheapest place to trade on Hyperliquid, more info here
Surf AI is giving out free PRO PLANS just for joining their Discord. Earn yours here
Squid presents their new revenue model backed by 100K+ monthly users in a new dashboard, see here
Optimum is hosting a new Top of the Block event in NYC, see and join here
Nado announces Stork integration for ultra-low latency oracles, read here
Swap Royale might be the cheapest opportunity to make money right now, as explained by blocmates here
Apyx updates on the market concerns surrounding STRC, read more
Plume Season 2 rewards are now out. Check if you’re eligible here
Cap released a new State of Cap Report, read here
EtherFi announces its new EURO stablecoin vault at 7.46% APR, watch here
Neutrl announces Season 2 of their Origin Program, get rewarded here
Ethena has expanded its partnership with Anchorage, a federally regulated crypto bank in the US, read here
Even more important bits.
Charts and stats of the day.
f(x) Protocol TVL is coming back with a force; reversal possible? Chart here
HYPE flipped SOL in price, read here
Active loans on Aave V4 have doubled over the past 30 days, chart here
Crypto projects generated $65m of fees in the last 24 hours, chart here
A previously liquidated whale is now sitting on $40M unrealized profit from a single HYPE long, check here
Lastly, our daily Telegram bulletin is back! Join in right here and stay on top of everything, every day.
blocmates Roundtable discussing ownership coins, join below:
Watch and remember the game we play. Applies especially to BTC these days…
The AI news & updates.
Aave now powers agentic finance on Compass Labs, read here
Nvidia CEO Jensen is going viral for drinking beer on the ground, watch here
OpenAI released a new Codex trailer, watch here
Gemini Android agent hijacked via WhatsApp, read here
Meta forced to halt employee keystroke/mouse tracking after 1,500-worker petition, read here
Suno raises $400M+ at $5.4B valuation as first music industry-licensed model, read more
Microsoft + Mayo Clinic is building frontier healthcare AI on anonymized patient data, read here
AI spam flooding Reddit: 67% of moderators say it is nearly ungovernable, read here
AI Charts and stats of the day.
Agentic payments are overall down badly since the peak, chart here
Perplexity reaches $500M revenue with real-time local-cloud inference routing system, read here
AI Articles/Videos of the day.
Andrew Kang turned a few early-stage robotics investments into a $500 Million publicly traded empire, interview here
Stanford study: AI legal tutors beat law professors 75% of the time, read here
Ideogram (Research and product company building open frontier models for generative media and design)
Wayfinder Foundation (Staking, APR going crazy over 2 million %)
KPS (KPK helps organizations secure, manage, and grow their onchain assets)
Re (Onchain capital for real-world risk) - Point season now concluded
Meta Hatch (~$200/month consumer AI agent)
Man, the timeline is absolutely cooking Saylor and Tom Lee right now. Will they ever dig out of this hole? As for Saylor, I think it’s not really that bad (well, actually, he’s down $10 billion, whops), as for Tom… well, let’s see. Prayers up for all ETH holders.
If this was useful, forward it to one person sitting on the sidelines right now. That's how this thing grows. MUCH appreciated.
Hix0n 🫡
