🧙‍♀️Quad Witching & Huge Bitcoin Ordinals News

GM, did you buy the top of the FOMC pump again, anon?

Joking, that’s what I did, oh well… As we stand right now, it seems a short-term downside is likely again, and the yield-chasing season continues (see Degen corner below).

Stocks surely aren’t helping the bullish cause today either, with SPX opening at -55 points. Nevertheless, we were prepared to see volatility on Friday because today is a quad-witching date, as we mentioned in Monday’s issue. A massive $4.7 TRILLION worth of options is expiring today, which rarely happens without volatility.

The back-and-forth chop is definitely boring; let’s check something more interesting: Rodarmor (creator of Bitcoin Ordinals) just popped back into the scene, announcing an upgrade to the Runes Protocol called "agents" that will allow for Runes AMMs on Bitcoin L1. This will help provide liquidity and solve some of the present UX issues.

This is good news for everyone who knows exactly how to position, right?

Alrigh alright: it’s Bitcoin Puppets, Nodemonkes, PUPS runes, Gizmo runes, and perhaps the upcoming and long-awaited Taproots Wizard mint. NFA, but I believe this is a value zone for those who are willing to be patient.

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The important bits.

• Superseed L2 explains SuperCDP's distinctive edge, listen here

• Superseed announces 20% bonus tokens on claim for all presale participants

• Core DAO, BTCfi protocol, now integrated with the largest custody provider in South Korea, Koda

• SwapX launches VaultEdge token presale on Sonic, participate here

• Peapods Finance launches 'Leveraged Volatility Farming' on Sonic

• Mode L2 presents the BTC forecasting capabilities of Synth AI, reports available here

• Sonic enable onchain mobile payments

• Pumpfun introduces PumpSwap

Even more important bits.

• Read another episode of “WTF Series” by blocmates.com

• Galaxy Digital announces “Staked Assets as Collateral”

Charts and stats of the day.

• Shadow DEX on Sonic reached the third-largest DEX by holder revenue

• Whales have accumulated over 172,205 BTC, while retail sells

• Token buybacks have historically failed to prevent sharp price declines

• Copper approaching its highest price in history

BERA/USDT 1D Binance

Strong daily candle today on BERA with the announcement of Proof of Liquidity being turned on this coming Monday. If we can hold momentum through that downtrend, 7.20 - 7.40 area is likely by Monday, and then gib high timeframe (1D and up) close above mirange (7.40) for a trip back to the range highs.

Ramen Finance, NAV and Henlo charts are all looking quite bullish for reversal as well, after being beaten up for some time. If you are looking for solid launchpad, onchain fund and meme plays respectively. Have a read here from Digits, the NAV Founder, on why PoL turning on will matter.

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!

Yields go super Sonic.

There’s no better time to farm yield and the next biggest airdrop than during boring choppy markets.

My friend Arnxd just released a guide on 6 easy strategies on how to maximize the value of your time on Sonic; make sure you choose what fits best for you:

The meat of the move still lies ahead, and there are 3 months to farm this beast of an airdrop. Personally, I’m choosing the fifth option, borrowing on Silo Finance and providing liquidity on Shadow Exchange.

The current value of the upcoming S airdrop is already above $200m. This number will likely grow since Sonic’s TVL is going up only, and its current market cap hovers around a mere $1.6b circulating.

If you want to join on this journey, start here and enjoy! 

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

blocmates X Sonic ecosystem roundtable.

Podcast

Speaking of Sonic, this a meeting you won’t want to miss. Blocmates will sit with founders of all the major projects on Sonic and chop it up. This one is a biggie.

Tune in on X | YouTube →

To save you doom scrolling.

When Grant brings the goods, we sit down and feast. Recommended read!

We went through Sonic, so let’s end back with Berachain. Berachain’s full functionality is going live next Monday. This means full Proof of Liquidity (PoL) gets activated, effectively making BERA a much more useful asset.

This development will likely be followed by a nice bump in chain activity, which is already amazingly high. Check out the announcement and past newsletters for Berachain alpha.

stay safe homies,

Hix0n 🫡