🧐 Tarrif Uncertainty Is Back, But BTC Looks... Good?

GM GM, the uncertainty is creeping back.

The Orange Man is back, shouting about tariffs in front of cameras and on socials.

Naturally, the markets don’t enjoy this and we’re already seeing the expected dip happening on Bitcoin. More importantly, caution is advised as long as indexes stay below the 200-day moving average.

To better understand the current situation, just know that foreign investors withdrew ~$6 billion from US equity funds last week, levels not seen since March 2020. Worry not; this, too, shall pass.

With the Hash Ribbon buy indicator printed and news such as GameStop announcing it will raise $1.3 billion to purchase Bitcoin, there are definitely better times on the horizon.

Moreover, there’s a brewing drama around the risk of the US Treasury defaulting as soon as August. Will this lead to some kind of “QE not QE” situation? Remains to be seen.

All in all, I wouldn’t get overly bearish here, even with the possibility of upcoming short-term dips. Longer term, everything seems fine.

Stay safe and survive, as always.

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The important bits.

• Ionet surpasses $10,000,000 in Total Network Earnings

• Sophon adds Azuki roles for holders in Discord

• GenLayer explains the role of AI agents in revenu generation, listen here

• Mode L2 starts Voting Epoch 6, join here

• Peapods Finance announces a vault for RWAX holders, stake here

• Shadow Exchange xSHADOW holders will receive PillarDAO airdrop

• KittenSwap on Hyperliquid announces presale coming up today, join here

• BackPack launches an affiliate and point program

• HyperSwap launches UETH pools with Unit

• Infrared on Berachain integrates Pendle

• Dinero reached over $1M TVL on Abstract Chain

Even more important bits.

• Bernstein analyst predicts BTC to reach $200,000 by the end of 2025

• Wintermute comments on Hyperliuqid drama, confirms they are long HYPE

• Congressional Budget Office says the US Treasury risks defaulting August 2025

• Strategy just closed its $711 million STRF share sale

• Alleged data leak of Binance emails/passwords logs

Charts and stats of the day.

• Ethereum’s queue for staking ETH reached 3 day waiting time

• $50.000 worth of HYPE was burned yesterday

• Berachain’s Proof of Liquidity is working, and yields are increasing

• BlackRock's BUIDL tokenized fund triples in value to $1.87B

• Sonic reached $1 Billion TVL

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ANA/USDC 1D Meteora

I’m not qualified, nor do I have the space here to explain how Nirvana Finance works. As always, there’s a Blocmates.com article for that. I do know a good chart when I see one, though.

After several weeks of consolidation at the lows, we’ve had a strong impulse move to send the price above the yearly VWAP, a sharp retest of the lows yesterday, and straight back above the VWAP again. This kind of invalidated breakdown almost always leads to continuation higher. If you want to be cautious, wait for the daily close to confirm, but it looks extremely bullish.

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!

It seems like Ghibli on Solana is getting sold by smart money today, along with some profit-taking on Fartcoin.

Ethereum’s smart-money movements show that our good old ETH still can’t get enough volume rolling around. Perhaps it’s still better to wait a bit until betting on the OG names here.

Stablecoin narrative grows stronger by the day.

• Genesis (Gaming on Hyperliquid)

• BeraPaw (Berachain)

To save you doom scrolling.

If you missed out on yesterday’s Hyperliquid drama, here’s a perfect short explanation:

These next few weeks are likely going to be tricky. The proof is today’s NYC open pudding: while everyone panics about tariffs, markets quickly dump, just to bounce up even faster.

These choppy fakeouts will continue, and overtrading in these conditions is very dangerous. Keep the higher timeframe plan in mind and stay safe.

stay safe homies,

Hix0n 🫡