💸 The Path to $80K+ Bitcoin in October

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GM, you’re wearing an unregistered security as your profile picture, are you not?

Gensler-led SEC went full schizo yesterday. “Coincidentally,” the OpenSea Wells notice was sent out just a day after Trump announced his 4th NFT collection. 

Other than the typical regulatory drama, we can finally breathe after Nvidia not only beat earnings yesterday but also announced a $50B buyback operation. $30B. So, let’s enjoy the last few weeks of chop in peace and meditate in our pre-rich vibes. In my opinion, there’s a lot of green dildo action that awaits us, especially during October. 

Why? September is historically quite a bearish month. Nevertheless, there’s a chance we are due to a pump before the big rate-cut FOMC session. 

But remember - the short-term outlook is speculation, whereas the longer-term outlook is bullish. This tells only one thing: don’t fuck this up during the next few months, especially if we’re in a good position already.

Unlike September, October is seasonally one of the best months to be risk-on. Preparation time…

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After yesterday’s Nvidia earnings, AI is clearly in the lead:

HNTUSD Coinbase 1D Log Chart

Helium, the wireless DePIN protocol on Solana, is going from strength to strength, and the chart is a reflection of this. One of the early runners last year, it’s had a significant pullback that bottomed on 5 July.

Price has just reclaimed the yearly VWAP (see green circles) and flipped $7 resistance into support. The all-time high is at $11, and fib extensions give a long-term cycle bull target of around $48.

Learn more in Luke’s TA stream!

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!

Interoperability Season

Blockchain and L2 fragmentation are plaguing the crypto ecosystem. If we want to succeed and see real mass-adopted breakthrough applications, everything needs to be interoperable and abstracted, enabling the user to access anything he or she needs with just a few clicks.

Yesterday, Uniswap announced their new partnership with Across Protocol, enabling cross-chain intents using a new standard ERC-7683.

Besides ACX, we’re seeing a lot of strength in Layer Zero’s token ZRO. This is not only due to the current focus on interoperability but also the fact there are no ZRO unlocks until 2025.

If the ZRO trend continues, we can expect secondary bullish effects in Tapioca (TAP). Tapioca is a leading project using Layer Zero tech, while the full protocol functions enabling TAP holders to receive 100% of the money market revenue should be getting activated soon. It's definitely one I’m watching closely.

The important bits.

• Soneium (L2) - Sony rolls out the Soneium Minato public testnet

• Gamm Swap (DeFi) - TGE is coming up tomorrow

• Near (L1) - Partners with Oraichain

• Uniswap (DEX) - Partners with Across protocol

• Camelot (DEX) - Introduces Camelot as the Orbital Liquidity Network

Even more important bits.

• Nvidia beat earnings

• Binance teases BNSOL

• ETH ETFs take in $5 Million, breaking 2-eeek withdrawal streak

• $40 billion in new stablecoins minted since January ’24

• South Korean crypto exec stabbed in court during trial

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

GammaSwap TGE: How To Play It Successfully

Research

The Gamma Swap TGE goes live tomorrow - August 30th!

Here is our take on how best to play the $GS LBP and also a quick recap on what the guys over there are building

Read More →

To save you doom scrolling.

Guess what: we ain’t ever gonna stop.

How to have fun while waiting for greener times? I personally play around with spot tokens on Hyperliquid.

The best point farmers I know told me that it’s possible to get massive point stacks without risking too much dollar value. Lately, the key is aping and holding as many low-cap spot tokens as possible. The riskier they are - the more points. 

I will be throwing around a few hundred bucks here and there, and let’s see how next week’s point batch looks, shall we?

stay safe homies,

Hix0n 🫡