🔴 Something is Breaking. Are Rate Cuts Coming Sooner?

GM, the bankers are trying to steal our coins. 

And it’s exactly what happened right after the Bitcoin ETF, remember? If memory serves me well, BTC experienced around a 20% drawdown in January after an edging style upward price action preceding the ETF listings. If history repeats itself with ETH, we can expect fireworks after these early shenanigans caused mainly by Grayscale outflows come to an end (again, same as with Bitcoin ETFs). 

Other than that, the ETH ETFs have already surprised many. Daily volume is holding around $1 billion, with Fidelity alone raking in nearly $100 million in inflows yesterday.

Also, the Grayscale dumpage is going at a faster rate than it was in Bitcoin’s case. Once it inevitably slows down, inflows should theoretically start shining. 

Lastly, the market’s in a bit of turmoil thanks to TradFi’s rough week, with Nasdaq seeing its worst daily close in two years. With the VIX (volatility index) pumping, is the market sniffing out trouble ahead? At the same time, the probability of September FOMC rate cuts just shot up straight to 78% for a possible 25 bps rate cut. 

Even though the post-rate-cut world is bullish, the Fed cuts only when it knows it’s necessary—and it's usually necessary because something is breaking.

Let’s see what lies ahead. One thing is for sure: I’m not giving my coins to the feds.

🧑‍💻 Join the Discord | 🐥 Follow Twitter | 📊 Sub to YouTube & Spotify

If you haven’t already… hit the subscribe button and get the coolest welcome email in crypto!

MUMU/SOL 3D Raydium

I charted this big inverse head and shoulders on MUMU yesterday in the channel, and today, somebody bought $2M worth — a straight rotation from WIF into the bull meme token du jour. I think they’re sending a message as well as positioning because a Chad buy like that makes no sense—they probably lost 20% of the buy on slippage. 

I’ve seen some big CT accounts recently add MUMU as a long-term / full-cycle meme allocation. The chart looks like a giant inverted head and shoulders that has just broken out from four months of consolidation. If our main bull cycle is yet to come, as I think it is, the obvious and necessary two-digit IQ play is to own the top bull token. 

Retardio.

NFA as per usual, please always do your own research.

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!

Welcome to the EndGame

More precisely, the Maker EndGame. Specifically, the Maker EndGame. While the DeFi comeback seems elusive, a few picks are worth noting. Previously, we mentioned tokens like CVX or DINERO (previously BTRFLY). Now, there are more and more good signs concerning the good old DeFi behemoth, Maker DAO. 

The upcoming Maker EndGame will transform this protocol into an entire blockchain, complete with its own bridge and expanded protocol suite, with RWAs being the most intriguing.

As the tokenization narrative pushed by Larry Fink continues to heat up, RWAs and DeFi are the most likely beneficiaries. 

Currently, Maker generates almost 400 million dollars of revenue per 30 days. This is only $100m less than Solana, which gives you an idea of Maker’s scope. 

Rune just put out a bit of new info concerning the upcoming changes. Give this a read.

I’m personally keeping tabs on this one.

The important bits.

• Alkimiya (Blockspace markets) - Goes live on Ethereum mainnet - read

• Catizen (TON Gaming) - Earns $16 m collected with in-app purchases - read

• Vertex (DEX) - Last chance to complete tasks & earn rewards - read

• Radix (DeFi) - Featured in news article on crypto adoption - read

• Avantis (DeFi, RWA) - Reached $1 billion volume on Base (pre-token) - read

• Bunni (DeFi) - Releases V2 - read

• Cult (Remilia Token) - TGE is closing in and new trailers come out - read

• Maker DAO (DeFi) - New info about Maker EndGame release by Rune - read

• Core DAO (Bitcoin DeFi) - Introduces Dual Staking, aligning CORE with BTC - read

• AAVE (DeFi) - Looking to turn on the fee switch, to buyback tokens from market - read

• exSat (Bitcoin L2 docking layer) -  Partners with Hashkey - read

Even more important bits.

• Igloo, the Pudgy Penguins parent company, raises $11 million for Abstract chain - read

• VanEck predicts $2.9 MILLION Bitcoin price by 2050 - read

• Crypto assets join the equity market’s crash party - read

• Bitcoin rewards app Fold to go public on Nasdaq via $365 million merger - read

• Kamala Harris to skip Bitcoin conference in Nashville - read

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

The Revival of EOS: Complete Guide

Research

It's been a hell of a journey for EOS Network. It pretty much left in dire straits, but the entire project has been revitalized.

It's a technical monster, but we wouldn't be bringing it to you if you couldn't benefit from all the upgrades to the network.

Read More → 

Chain Abstraction Meets Account Abstraction With Infinex

Podcast

Grant & Kaiynne discuss how Infinex plans on replacing centralized exchanges, plus a load more.

We cover challenges of user onboarding, the importance of credible technology, and we're talking Crate Run.

Tune in on Spotify | YouTube →

To save you doom scrolling.

This one hits right home, Heart. No worries, frens, make it all back in one trade type of week is coming.

I’m protecting myself against chop by sitting in PURR on Hyperliquid, knowing that points that might be worth the most of all points ever are rolling into my account every week.

If you feel uneasy about this market price action, find a high-conviction parking spot that pays dividends. 

stay safe homies,

Hix0n 🫡