🚀 SpaceX (SPCX) Predictions & What They Mean for Bitcoin:

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!

I mean, check out the roster, plenty to choose from, plus it’s as easy as registering here and having some good old dicy fun:

Grand morning, another messy day in the markets is upon us. Let’s get into the upcoming IPO season, check out what PPI numbers hold for us, and see if Trumpster says the war is over or if he plans to demolish the whole nation again.

Let’s start with the talk of the day: the SpaceX IPO, likely listing as soon as tomorrow. It seems the timeline is split into two camps at the moment. One of them expects a typical post-IPO listing price action, with SPCX dumping like a Binance listing, followed by a historically pretty typical long consolidation (as long as 12 months, as displayed here).

The other side, which is more interesting to be honest, is highlighting the SPCX listing mechanics I wasn’t aware of until now. As pretty well explained in this video, it seems insiders can’t sell SPCX unless it’s at least 30% above the listing price, and even then, there’s only a limited amount of supply they can sell. Pair this with the fact that retail can enter with as little as $2000 and the memetic power of Elon Musk, and we might just see some pumpage right out of the gates.

The big “but” here is the fact that this all seems like a final big bang for the stock market run. You could even say it’s akin to what happened in the memecoin market after the TRUMP token launched. I know, it’s not a memecoin, but markets are markets, and I can’t shake the resemblance.

Let’s see, but the fact remains that there’s quite a high probability of a liquidity drain combined with a typical sell-the-news shenanigans. Plus, we’re heading into summer, and again, I wouldn’t be surprised if markets get sleepy and tired after all this action.

What does it mean for Bitcoin? Well, we already went over the worst-case scenario of BTC venturing down to test the low 50s sometime during Q3, but on a brighter note, it seems our dear digital gold simply refuses to go under $60K at the moment, despite inflation news hitting back and the stock market selling off. This is good.

If you've been reading our daily episodes, you know we’re currently on a macro bottom watch, not too worried about downside scenarios, but more so focused on the question of timing. On that note, check out this chart. I think if things play out like this (very similar to what we discussed), it would be very healthy for crypto long term.

That said, if another scary dump happens at some point during Q3, I’d simply remind myself to think of it as an opportunity, not as something that scares us out of the markets completely. You do you, of course, no financial advice here after all.

Talking about bottoms, the memetic sigs are definitely popping up. One of those is the classic end of cycle “Pompliano Pivot”, now saying his company isn’t a Bitcoin company, but actually an AI company. Well well.

Lastly, just as I'm finishing this one, May PPI numbers came out: inflation surged to 6.5%, above expectations of 6.4%, and the highest level since November 2022. Told ya, the macro talks are back. Let’s dig in further tomorrow, patience frens.

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Alright, it’s time to interrupt your regular schedule programming with another WORLD CUP BREAK. 

I know we said last time that we’ll give you a quick strategy for SDF before the World Cup commences, but unfortunately, that has to be put on hold because we have more urgent news. 

The Sport.fun team recently announced the details for SDF Pro. This is the paid version of SDF, so if you want to get a little more competitive and play for bigger prizes, this is for you. Don’t worry, the free-to-play version remains as it is. 

To be eligible for the SDF pro tournaments, you need to have a minimum squad value of $100. With that, you will be eligible to win from a total of $350K in cash prizes. 

Here’s the breakdown. 

For the SDF Pro players, there’ll be a total of 8 tournaments. Each tournament will have a total cash prize of $5K divided among the top 5. Winer gets $2K. That’s $40K allocated to tournaments. 

Another $35K is allocated for the overall picture. The top 8 in the game by the end of the tournament will be eligible, with the #1 player getting $10K. 

On top of this, SDF has allocated 6.9M tournament points for Matchday 1 ($276K). 

In other related news, The blocmates League is also up and running. If you wanna hop on, the invite codes are below. 

$1,000 are up for grabs and will be split between the top 3 finishers in each category. 

So if you’re reading this and still haven’t made your team, I have no idea what you're waiting for. Hurry up so you don’t miss out on any potential prize money. 

Just quickly today on this new release, since we went over Sport.fun above - 3Jane is a DeFi project building a credit-based money market backed by Paradigm, Coinbase, and Wintermute.

These guys have been building for two years, opening the first epoch of liquidity mining right now. Since the market and shite, I think minting some USD3 (credit-backed yield-bearing stablecoin) with USDC while earning JANE tokens (locked until future release) might be a good move.

Keep in mind that every DeFi protocol has smart contract risks, including stablecoin depeg risks. Deposits are at around $25M at the time of writing, with a cap of $50M:

SwapRoyale is the best place to bet small and win big, learn how it all works in our latest article:

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My man!

There we go! I'm very curious how tomorrow goes with all the SPCX stuff. We’ll be there to break everything down for you as always.

I'm watching BTC right now and have to say it’s encouraging to see limited selling considering all the macro doom talk this week. Once bad news truly stop having an effect, it means the bottom is close. I, for one, am more bullish than ever. Long-term mindset overall.

If this was useful, forward it to one person sitting on the sidelines right now. That's how this thing grows. MUCH appreciated.

Hix0n 🫡