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š The Most Bullish Q4 of All Time
PLUS time to score a free Sonic airdrop!
Before we jump in, make sure to check out the Meal Deal:
To navigate crypto bull markets correctly, one needs to have a crew with which to bounce ideas.
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GM, and once again, the bears are getting louder.
The louder they grow, the more bullish I become. This might be the single most crucial codex to carve into your brain as we step into the final zone, the golden era of Q4āand just maybe, the 2017-esque ascent of not just Bitcoin but the broader altcoin market.
Letās not forget that every altcoin pump weāve witnessed so far has unfolded during a rise in BTC dominance. Weāve yet to see what happens when that dominance pulls back (and it seems like that`s coming soon).
Let`s not speak in absolutes: everything can change any minute. But for now, we cannot let this opportunity slip through our fingers.
The marketās got some classic macro elements to chew on this week, the most important being Thursday`s jobless claims and Friday`s job report for the US. When we look at the East and specifically China, we see more easing once again, this time in the form of Chinese banks being told to cut rates by 50 bps on all mortgages.
Other cards playing into the strength of risk assets are the continuously rising US and also global liquidity, and the fact that we just saw DXY close below the weekly 200ma for the first time since July 2020.
If you havenāt alreadyā¦ hit the subscribe button and get the coolest welcome email in crypto!
First Airdrop for Sonic Season
If you read and listened to all our Sonic content, you`re already deep in prep mode for the $S season (if not, check below).
Right now, there`s a cozy opportunity to earn points for the first airdrop of 200 million $S, worth around $140m. It`s quite simple to participate, so here you go:
Register at Sonic Arcade and use invite code pxbknl
Add the Sonic network to your wallet during register
Get some $TOKEN from the faucet
Play each game 20 times a day to earn points
Considering it`s free to play, it might be a good kickstarter to have some tokens for when things really spark up.
Don`t forget to get up to speed with everything Sonic-related here:
The important bits.
FTX to set aside $230 million for shareholders and not creditor
Judge rejects Tornado Cash co-founderās motion to dismiss
Moonshot introduces memecoin claims to onboard normies
RFK exposes the Federal Reserve
CZ tweets during his first day out of prison
Hyperliquid whale adds $38M to his BTC longs
Even more important bits.
Karak (LRT) - Introduces Karak Foundation
Eigen Layer (LRT) - EIGEN becomes transferable today
Eigen Layer (LRT) - Introduces Programmatic Incentives v1
Puffer Finance (LRT) - Explains recent drama, reimburses users
Sonic (L1) - First points airdrop game for S starts
Scroll (L2) - Explains how to trade on Scribe Dex
Life gets busy so hereās what youāve missed.
What Happened at TOKEN2049? The blocmates 2024 Diary
Thought Provoker
Here's what we thought about last week at TOKEN2049 & Breakpoint.
Totally unfiltered. The good, the bad and the fugly.
To save you doom scrolling.
2021 vibes are fully back, along with 3AC Capital. Is this time different?
le final day of q3 2024
ā smolting (wassie, verse) (@inversebrah)
1:12 AM ā¢ Sep 30, 2024
Lastly, the real, sound fundamentals: Vitalik seems to have broken up with his girlfriend, and we`re seeing his first gym posts.
There is much speculation around ETH's viability and narrative right now. But are people actually focusing on the wrong things? We know crypto wellāit`s a mentally impaired market, to say it politely.
If Vitalik embarks on a full post-breakup gym arc, it might be the exact catalyst needed to flip the ETH/BTC chart for good (and the signs are already there).
stay safe homies,
Hix0n š«”
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