🧐Is The Infamous "QE Not QE" About To Begin?

GM, the bulls are getting louder.

Will their confidence hold? Bitcoin certainly looks promising for now, at least coming into the second half of this month. Not only is the price constantly attacking prices above $85k with increasing chances of finally flipping $87-88k into support, but there are also many fundamentals feeding the bull’s hunger.

For one, Bessent is quite obviously easing his rhetoric about the tariff drama, assuring investors that “a lot of progress is expected” and that “tariffs on China are too high, and nobody expects them to remain.” 

This, combined with the Fed starting to signal upcoming rate cuts and global liquidity continuously charging higher, underscores the (at least shorter-term) bullish bias.

Also, we’re already hearing about the long-awaited “QE, not QE,” with Bessent stating that they “could run up treasury buybacks if needed.” 

All of this, combined with the TOTAL altcoin chart retesting at a very important level and the altcoin index sitting at 14/100, signaling a solid buy area, once again provides a solid case for the bottom being in.

Lastly, this whole situation is very messy. Even though the markets react to tariff headlines less and less, there’s always a possibility of huge whipsaws in either direction. Caution is advised.

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The important bits.

• Mode releases the perpetual trading terminal with AI, open now

• Yeet releases leverage with Wasabi

• MegaETH releases new updates and roadmap items

• Kodiak, main Berachain DEX, releases new pools with APR as high as 500%

• Felix Protocol on Hyperliquid releases and explains the Real Yield Stability Pools

• Year Finance releases pools on Berachain

• Berachain released new Reward Vaults and updates

• Infrared Finance released v4

Even more important bits.

• Binance suspends withdrawals to “keep safe”

• Nvidia to manufacture AI supercomputers in the US for the first time

• Japanese investment firm Metaplanet has purchased an additional $26.3M in Bitcoin

• Visa is joining Paxos and Robinhood stablecoin consortium

• EU Trade Chief and US officials meet to negotiate new trade deal

• President Trump meets El Salvador's Pro-Bitcoin President Nayib Bukele at White House

• Fed Chair Powell’s term ends in 13 months

Charts and stats of the day.

• Unit Protocol on Hyperliquid reached ATH in Bitcoin deposits

• Ethereum had one of its largest weeks of tokenized gold volume onchain

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LIQD/USDC Hyperliquid 1D Log Chart

The Bitcoin trade from last week is looking good, and Crypto X AI is starting to look good again. There’s still lots of uncertainty in tradfi, but as I’ve said since last week, I think we will trend up for a little while here.

LiquidLaunch is a token and AI agent launchpad on Hyperliquid that sold off massively when the Agent meta topped, and we became inundated with launchpads. The chart is turning around here with a beautiful W bottom, and they’ve just launched LiquidSwap in beta, the first dex aggregator on HyperEVM.

I am looking to buy a pullback into the purple box for a run back to the Point of Control resistance at 0.029 - about 5x from here.

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!

Large token unlocks coming up.

TAO & TAO Beta (dTAO)

The Bittensor ecosystem is hotting up, and with the TAO price heavily beaten up, now is a good time to consider getting involved.

@563defi is my KOL for everything Bittensor. After taking notes during Roundtrippers today, I am going to dox his dTAO bags, which are packed with Subnet 3 - Templar, Subnet 81 - Patrol, Subnet 44 - Score, and Subnet 52 - Dojo, in descending order of capital deployment.

Chart-wise, Dojo and Patrol would be my picks out of those four. Templar might be a long-term outperformer, but it could be due to a pullback around here.

Heurist AI

The Heurist.ai team seems unperturbed by the mini-AI bear that kicked in about three months back. They’ve been building out their agent infra nonstop and have a very nice Claude MCP integration that is now live.

Their Github is extremely active, with plenty of stars, forks, and pull requests, and the chart shows the fruits of all this building. It’s ripped pretty hard since we started looking into it again in Discord on Sunday. There is some resistance at 0.10, and it’s run a bit already off the bottom—I’d look to buy a pullback here.

For those who dare, there’s a lot of opportunity in this area for many altcoins, including some of the previously notorious, now-beaten-up meme coins.

Of course, seeing a rebound in these is highly dependent on Bitcoin. Remember the price levels mentioned in past market commentaries, and be careful with leverage. Everything’s still pretty dodgy.

stay safe homies,

Hix0n 🫡