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. Play games and climb up the leaderboard to earn points.
And guess what, YEET is giving out $3,000 just for you to come and play, every month. Sounds good?
If you`re an interested (and responsible) gambler like myself, simply join using this link or use the code blocmates500!
GM, if yesterday was gnarly, then today is hideous, to say the least.
No worries, though, we’ve got a few doses of hopium coming up.
Yesterday, we mentioned that some powerful signals are showing up, pointing to the bottom being closer rather than further away. Today, we can check on the good old RSI, showing BTC already being somewhere around the zone where previous bear cycles bottomed.
Another demonstration can be seen here, which, again, makes me believe we are closer to the bottom than many would think. Now, one of the linked posts says “the bull market is loading”, and yes, it always is.
I mean, is it really that much of a bad idea to buy or DCA for the long term while the Fear & Greed index hits 11 (extreme fear)?
Nevertheless, I wouldn’t be surprised to see BTC slide under $70K, bounce, then chop and make everyone absolutely mad during the time capitulation, which is usually the most boring and frustrating part of the cycle.
Even precious metals are looking like typical dead cats. As ZeroHedge mentioned, silver is literally getting bitcoined as it crashes 22% in just two hours. You really want to tell me crypto is too volatile?
On the altcoin side, everything looks so bad we might just see some bouncy action soon. Check out this bull div on SOL, for example. Also, it’s interesting to see altcoin dominance at yearly highs during all this mess.
Stocks are finally showing some weakness, also, as there’s no lack of FUD-worthy posts on the macro side.
For example, 14.5% of tech loans are now distressed, the highest since the 2022 bear market. On top of this, the US economic surprise index jumped +13.2 points this week, to 53.5, and as we know, markets don’t exactly love uncertainty.
All in all, I’d agree with Nick here. Even if everything bottoms in Q2 as pointed out here, mentally we should probably come to terms with expecting more downside and a boring summer, and then reset by the end of the year. Basically, the scenario we saw from 2022 through the start of 2023.
Finally, a little bit of hopium: Bitcoin has never printed two consecutive years of downside, which could be a hint that this bear cycle might be shorter than usual. Patience frens, I believe everything’s going to be alright.
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The important bits.
Learn how to earn 100% APY on Jumper, more info here
edgeX livestream with blocmates is coming up today, tune in here
Yuzu Money, built on Plasma, hit $70M TVL, read here
CapMoney announces airdrop bonuses for point holders, read here
EtherFi announces crypto-backed mortgages, read here
Avici crossed $10M in real-world spending on Avici cards, read here
MegaETH announces Bungee integration, read here
Maple set a new monthly revenue ATH in January at $2.57M, read here
Euphoria announces a Tap Trading competition, learn more here
Even more important bits.
Charts and stats of the day.
74% of all Cryptopunk loans have an LTV > 100%, maturing in 14 days, see here
Robinhood hits 2nd most oversold level in history, chart here
Even Labs raised raised $500M at an $11B valuation, read here
Binance held 42.8% of total spot volume, but sold 3.9X more BTC than all other CEXs, read here
Anthropic triggered a $285B AI market crash, read here
Musk becomes the first person in history to surpass a $8,5 billion net worth, read here
Odds of the Clarity Act being passed jump to 74%, chart here
Lastly, our daily Telegram bulletin is back! Join in right here and stay on top of everything, every day.
Today’s bulletin:
HIP-4 (Hyperliquid) breakdown by Emiri:
Hilarious podcast with Grant, Alex, and hersh:
Watch Grant blocmates cook Onchainmarkets.fun:
If you think crypto will die forever, maybe think again 🙂
Telemetry data of the day.
Top trending tokens for the last 24h:
If you want to access more of this type of data and trade freshly graduated tokens on PumpFun or Bonk, visit Telemetry here (it’s free).
Kumbaya: the MegaETH Headquarters?
Kumbaya is steamrolling the MegaETH ecosystem, hitting over $31M in TVL yesterday, with the first shitcoins being pumped (and dumped) right here.
Interesting fact here: Kumbaya already flipped Monad’s biggest DEX (Uniswap), while the mainnnet isn’t even fully running yet.
If you want to join and rejoice in some early MegaETH shitcoining or LPing, a few simple steps will guide you right to Kumbaya:
Connect to Kumbaya and let your wallet switch to the MegaETH network (the upper right corner will say “wrong network” if you haven’t added it yet)
Bridge funds through the official bridge here
Scroll through all the new coins and filter by volume/market cap on Dexscreener’s MegaETH section
Clutch (Prediction markets for livestreaming)
Edel Finance (Global credit and settlement layer for equities) - Hits 74,000 users on testnet
Adaption (Building extremely efficient intelligence) - Raised $50M to build adaptive AI systems
Payy (Privacy blockchain) - Promoted on the main Ethereum account
Perps.Fun (Perpetual Futures Launchpad, Hyperliquid)
Well demonstrated:
This post got too long, way too quickly! Cya tomorrow frens. SURVIVE.
Hix0n 🫡
