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If you`re an interested (and responsible) gambler like myself, simply join using this link or use the code blocmates500!
GM Orange Man, thanks for assuring us you’re a “big crypto person”, but we already know after the massively successful TRUMP launch, which totally did not kill the meme market!
Let’s start with the best news of the day: the ISM Manufacturing index (PMI). Finally, checking the charts, it got above 50. This has been a critical level, factor, you name, for actual bull runs to take place in the past. Of course, things can change, and they also don’t have to have an immediate positive effect on the market.
BUT: Here’s the thing. Historically, when PMI crosses 50 and stays above, gold tops out, and a bottom in BTC is formed, starting a new cycle. Very well demonstrated right here.
As we mentioned during past sessions, gold and silver will likely bounce off those nasty downside wicks–and here we are.
I’d expect a nice, bouncy action in crypto as well, but who knows. Maybe the overnight bounce was it, and we resume the pain. Mentally, I'm prepared to DCA, farm, and find opportunities to use stables for points until, let’s say, August to December.
Now, yes, the comeback of a true bull trend might happen much sooner, but in my opinion, it’s better to take it step by step and be prepared to wait. At the same time, we’re getting some early signals here that the bottom might be rather closer than further.
Back to Trumpster, he says he hopes the Bitcoin and crypto market structure bill gets done, so he can sign it into law, so let’s see if at least that gives some juice back into the market.
As for indices, check this one out. The short sellers are capitulating at levels not seen in 8 years (to be honest, I’m not sure if this is a good sign).
As always, patience and zero leverage during volatile times are absolutely key.
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The important bits.
Kintsu updates its Monad Liquid Staking Dashboard; check it out here
Nado publishes the Season 1 rewards point page, check yours here or start farming
Jumper integrates the Moonwell Flagship USDC Vault on Base, read here
Surf AI now serves you the top articles and news you don’t want to miss, try it here
SAGA-powered Dreamcash is hitting crazy volume numbers, full stats here
Pyth Network explains the importance of its Blue-Ocean integration, listen here
Pyth Network announces a partnership with Flash Trade, read here
SAGA explains the future of AI agents and “Synthetic Relationships”, read here
ZkSync launches ZKnomics Staking Pilot Program, read here
Ave Forge explains its plans for NFTs, MegaETH launch, and more, read here
Virtuals Protocol introduces a 60-day period to launch tokens without risk, read here
Ondo Finance teases an upcoming big announcement, read here
Even more important bits.
Binance is facing critical withdrawal difficulties, read here
Solana launches its first AI Agent Hackathon in partnership with Colosseum, read here
Ethereum explains its quantum-resistant future road, read here
President Trump officially announces the creation of $12 billion US critical mineral reserve, read here
Coinbase launches “Coinbase Predict”, read here
Tether launches Mining OS (MOS), an operating system to simplify Bitcoin mining, read here
Hyperliquid is building HIP-4, enabling Polymarket or others to launch prediction markets on Hype, read here
SpaceX has acquired xAI, read here
Charts and stats of the day.
Hyperbeat releases full stat protocol update, all stats here
BTC ETFs are now trading below the average cost basis of September 2024, chart here
Lastly, our daily Telegram bulletin is back! Join in right here and stay on top of everything, every day.
Does something about Molt feel… off?
How the hell do we fix ICOs and token launches:
As explained above, this is something not to be underestimated. The effects might not be felt for a good while, though, but it leads us towards a greener future…
Source: Quantdata21
Telemetry data of the day.
Top trending tokens for the last 24h:
If you want to access more of this type of data and trade freshly graduated tokens on PumpFun or Bonk, visit Telemetry here (it’s free).
Pendle
Once again, times like these call for DCA and watching the most profitable, useful, and battle-tested protocols. Today, I’d say Pendle deserves a feature after their last big update, including an announcement of a 30% cut in token emissions.
Chart-wise, it’s looking exactly as expected for this type of market phase. Nevertheless, do you remember what happened after we flagged the bull div on HYPE at around 22$? Well, check the price as of today…
Source: DexScreener
OFFGRID (Crypto card, payments) - Reveal soon
Arcium (The encrypted supercomputer) - Launched mainnet alpha
TRIA Foundation (Non-profit dedicated to open, user-owned financial infrastructure) - Releases the TRIA tokenomics
Rise X (Next generation decentralized spot & perpetuals trading) - Last hours to join testnet competition
Brevis (The Infinite Compute Layer for Web3)
Liquid Calling (Actually private calling in a few clicks)
I mean…
Remember, remember, our past newsletter! (and check the HYPE price now):
Hix0n 🫡
