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- š Was "Sell In May And Walk Away" Correct Again?
š Was "Sell In May And Walk Away" Correct Again?
PLUS we might have found an undervalued DeFi gem!

GM, welcome to Joyful June.
But is it, really? BTC doesnāt seem ready to let us celebrate just yet. Right out of the gate, weāve got James Wynn opening a $2.5m long and immediately getting dumped on.
Statistically, even if June ends up being bullish, we still have to survive the first week or two. Historically, thatās when BTC tends to set its monthly low. With most of the crowd leaning bullish right now, it does look like the first move could be down.
This chart perfectly maps the two important levels. To stay bullish, we want a strong reaction at either of those to confirm a weekly higher low.
There are a few macro volatility events this week, with unemployment claims data on Thursday and NFP data on Friday.
There are also speculations about Fed chief Powell announcing his retirement this week, which will likely turn into a disappointment as his term ends in 2026.
Meanwhile, the tariff saga isnāt going anywhere. Treasury Secretary Bessent says trade talks with China have "stalledā, and the EU announced a new set of retaliatory tariffs.
Lastly, thereās a lot of negative volatility potential brewing due to the increasing geopolitical tensions between Russia and Ukraine, after the recent massive drone attack on Russian bombers. Letās hope we can pull up the Chud memes as soon as possible.
Overall, itās time to be more cautious and see how the start of this month develops. Higher low watch for now.
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The important bits.
Somnia releases the DeVRel 1 update, real in full here
Vana releases new Vana Academy Crash Course, read here
OpenServe releases new tutorial on connecting AI agents to hardware, learn here
Mira Network hosts X Spaces with Jedi blocmates, listen here
Sophonās token SOPH to be listed on BitHumb, listing date here
HyperEVM blocks has been decreased from 2 seconds to 1 second, full details here
Harmonix Finance announces a move to Hyperqliquid, read full plans here
Liquity announces bribes for LQTY stakers, read details here
OpenSea āunlocks full token universeā, check out the reward program here
Orange Cap Games has acquired Moonbirds, read full announcements here
Even more important bits.
Wintermute has flagged major risks in Ethereumās EIP-7702, read full details
Meta shareholders voted against adding Bitcoin to the companyās balance sheet
Elon Musk rolls out āBitcoin-styleā encryption XChat, a new messaging feature on X
SEC questions legality of new staking-based crypto ETFs
CZ Binance proposes a launch of a dark pool perp DEX
Secretary of Commerce Howard Lutnick says "tariffs are not going away."
Michael Saylor teases an upcoming Joe Rogan podcast
Tether to invest billions of dollars into Bitcoin mining
Charts and stats of the day.
The U.S. Dollar is currently 15% overvalued, according to Goldman Sachs
The Bank of Japan's unrealized losses hit a record $198 billion
Bitcoin exchange reserves hit a new low
Over $2.9B in token unlocks coming this June
RWAs demand is growing vertically
HyperEVM is nearing $1B TVL with 20k+ daily active addresses
BlackRock transferred 4,113 BTC ($429.4 million) to Coinbase Prime
StalkChain spots the next big meme coins early by tracking top wallets and smart money moves in real-time.
See what whales are buying, follow top-performing traders, and analyze token trends before the crowd.
PS: Use code BLOCMATES for 20% off, but shhhh it's our little secret.

ZECUSDT Binance 1W

Anyone whoās been around for a cycle or two might justifiably think Chart of the Day has lost the plot by looking at ZCash. The BTC pair is truly a crime against humanity if you look at the full price history. Itās the alpha example of āgud tech, bad coinā. However, the weekly chart is showing huge relative strength here, and privacy looks like it could actually emerge, really for the first time, as a meta that catches a more mainstream bid.
The EU CBDC project is moving ahead, and October is when the rollout announcement is expected. A certain Uponly TV host, known for goated calls in previous cycles, has acquired a small bag. Holding a small bag of Monero (default privacy coin) and ZCash (permissioned privacy) is a call option on dystopian developments in the monetary system. Capital controls for the US, CBDCās in Europe and potentially elsewhere, ramping AI powered digital surveillance - all of this will light a fire under the privacy meta.
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!

Undervalued DeFi bets: f(x) Protocol:
Whether or not the market marches higher from here or later this year, thereās always an opportunity for those willing to be patient and put effort into spotting undervalued tokens.
In this case, FXN caught my attention.
āf(x) Protocol 2.0 is a decentralized perpetual trading platform offering Liquidation Protected Leverage on blue-chip crypto assets and high USD-based real yields to fxUSD stakers.ā
Currently, the f(x) Protocol has more than $100m TVL at around $4m market cap, a highly active user base, while offering the highest stablecoin yield available, sometimes reaching over 20%.
The massive growth of late isnāt something to be overlooked. Not financial advice, but this one feels highly promising.


Camp Network (Autonomous IP Layer 1 Blockchain) - Yap rewards season started
DeFi App (DeFi mobile app)
Skate (Connecting all VMs) - Teases launch for June 9th
Euphoria (Trading app)
Reya (DeFi hub)
Rysk (HyperEVM DeFi)

To save you doom scrolling.
The Retardios are becoming a real menace to society.
okay who did this guys not cool
retardio
ā Booby Shill š«·š¤”𫸠(@BoobyShill)
9:49 PM ⢠May 30, 2025

Becoming a āMicrostrategy for ETHā is turning out to be very beneficial for SharpLink. Will we see more movers here? I sure hope so, for the sake of all of us praying for an altseason.
stay safe homies,
Hix0n š«”
Reply