🫡 Was $66,500 BTC All Bears Got? Let's See

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GM, a little pullback does wonders.

The exact dip we talked about yesterday happened, and now the question is, was that it? A little flush was definitely overdue, and it seems like BTC is starting to find its footing around $66-67,000. While we might go a bit lower, for now, there really isn`t much cause for concern.

Once again, there’s talk of possible Israeli retaliation against Iran, which could be behind this slight dip. But let’s be honest, we’ve heard this kind of news countless times. The more it repeats, the less it rattles the markets.

On the flip side, BlackRock just snagged another $332.3 million worth of BTC, staying true to the “buy the dip” playbook.

Also, as we know, US election odds favoring Trump are precisely what our markets like - and currently, those are moving rapidly towards Trump, marking 63% on Polymarket (or Polly Pol, as he says). 

So far so good; let`s reassess tomorrow.

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AICRYNODE/SOL 1H Raydium

This is a nascent AI project that is meme-adjacent. Don’t ask me what that means - nobody really knows yet. The founder is a builder though, with Huggingface history and Marc Andreesen as one of his Twitter followers.

Maybe this LinkedIn post provides some kind of clue as to what he is up to. The Twitter hashtag is a good place to start for speculation on what’s coming. It’s still very early, so ape with caution, but the chart looks fire, sitting comfy on top of the point of control (red line) with a couple of pokes into the VWAP above. It shouldn’t be long before we are above that.

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!

Smart-money movements of the day.

Top mindshare losers and gainers of the day.

AI Memecoins Takeover

The number of new tickers popping up during the new AI meme meta is hilarious yet profitable for those who are in it day and night. Although still very (very) risky, this whole thing reminds me of 2020 DeFi summer vibes. 

For those who would like to dive in head-on, I can't recommend individual tickers for your and my own safety, but I can certainly point you to the direction of quality research:

• Crypto Tube 

As a long-time memecoin veteran and fellow blocmate, Crypto Tube is definitely one to follow on X and on YouTube. 

As a matter of fact, you can start your AI meta journey right by watching his latest AI MEME META video here.

• blocmates Meal Deal 

Hardly anyone cooked more over the past weekend than everyone in blocmates Meal Deal. The Discord is still full of calls, including Grant`s own coin watchlists. 

For a lifetime pass, there`s also the option to acquire a Larp collective NFT.

The important bits.

• Sophon (Entertainment layer) - Chooses Avail DA for its data availability layer

• BlonkFi (MemeFi) - Adds 3 new AI memecoins to the watchlist

• Superseed (Blockchain that repays your debt) - Adds Orange Finance to Phase Three quest season

• Radix (DeFi) - Root Finance is now live on Radix

• EOS (L1) - Expands its ecosystem with exSat starting tomorrow

• SKALE (L2) - Features new gaming projects in weekly round-up

• Vegas (Hyperliquid GambleFi) - Releases the HORIZON update

• Thunderhead (Hyperliquid LSTs) - Introduces HYPE staking LST

• Magic Eden (NFT market) - Founder explains the ME token and why Magic Eden is the new onchain Binance

• Resolv Labs (Trustless stablecoins) - Announces Dinero integration

Even more important bits.

• Avalanche launches credit card with Visa for crypto payments

• Yuga Labs launches Ape Chain

• LGIM is planning how to tokenize its liquidity funds

• Paradigm's new $850m fund represents close to 50% of all crypto VC fundraises in '24

• ThreadGuy releases interview with Meredith Patterson

• MetaMask and digital identity firm Space ID aim to simplify crypto

Charts and stats of the day.

• Solana daily fees surpass March peak to create a new ATH

• VanEck enables staking for the $VSOL Solana ETP ($73 million AUM)

• Aave reached nearly 23B$ Market Size, the highest since the collapse of Terra/luna

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

This is How Bittensor Subnets Are Driving Revenue

Podcast

This week, in TAO Talk episode 8, Ronan and Derek from Collab+Currency join 563 and Brody to discuss exciting updates in the Bittensor ecosystem.

Tune in on Spotify | YouTube →

• MYRIAD (Prediction markets)

• Peeple.live (Prediction markets for streams)

• Antafri (Peer-to-peer betting for friends)

• Murmur (Monetization layer for your alpha)

To save you doom scrolling.

Sooner or later, we will return to our roots, right… right?

Remember, if you`re sitting in a solid position, now is not the time to lose it while trying to catch every move. These are exactly the times when patience wins.

stay safe homies,

Hix0n 🫡