YEET.com has been doing some cool stuff lately in the crypto casino space, so we’re giving it a shout-out for anyone who’s been meaning to check it out.
They’ve been putting out a bunch of fun, crypto-themed games with plenty more coming!
I mean, check out the roster, plenty to choose from, plus it’s as easy as registering here and having some good old dicy fun:
GM, welcome to a more uncertain world than in 2020.
US home sellers outnumber buyers by 600,000 — an all-time high. Kalshi traders predict ETH and BTC will drop below $1200 and $60K, all the while there’s a 50% chance (at least it’s not fully on yet) that the Trumpster starts a war with Iran.
BTC gets manipulated into dumpage either at 10 or 8 AM, and things simply continue to look bleak. No worries, we've got some signals for you today, so you do not completely lose your marbles.
For one, BTC dominance continues to fall, giving some altcoins at least some room for gains. Although again, first and foremost, we need the king to be strong in order to lift everything else up with it.
Another cool one for the bottom hunters is this chart by Honey. Watching the 200MA, BTC is now exactly where it was during 2022. Shortly after slicing below it, the bottom was formed. Perhaps that’s our fakeout below sixty keks with a swift reclaim after?
If that scenario presents itself, I would expect ETH to bottom as well. I mean, look at this RSI. I know, it can always get worse, but that’s also how bottoms look… As for BTC, the RSI is already at its worst level since the 2022 bottom.
For now, we remain in a clear distribution phase, as clearly shown by this Bitfinex map.
When it comes to gold, yes, predicting a top was a mistake. It simply continues to march upwards. It could have been so easy to spend the bear all in gold, sure hope some of you did.
At least the Fed is behaving nicer towards us, eliminating “reputation risk” from oversight policy (full description here, quite chunky).
Even Orange Man surprised nicely today, saying he plans to use the gold reserves to buy more BTC. Let’s do it, duck-lipped man, good idea.
And as always, a little bit hopium for all disappointed bagholders. Check out this detailed chart and explanation as to why history tends to repeat. Meaning good times shall return, and, in my opinion, they sure will.
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The important bits.
WORM staking is live! Stake yours here
Jumper and the bullish case for it explained in a new podcast, listen here
PreStocks and how to link to trade pre-IPOs explained by blocmates, read here
Last app makes tax time less painful, try it out here
Hibachi distributed 500,000 points to 2,300 users, check yours here
Optimum explains RS vs RLNC in a new podcast, listen here
Saga explains the next gen phase of IP for gamers, read full thread here
LHYPE is now enabled as collateral in the HypurrFi Yield markets with 3x points, earn here
Pyth Network welcomes Aftermath Finance as a new pro user, read here
USD AI CHIP ICO is now live, join here
Bungee offers cashback on Arbitrum for going incognito, read here
SKY offers new USDT & USDC Risk Capital Vaults are live on Morpho, read here
Even more important bits.
ZachXBT prepares to expose 26 huge insider trading crypto companies, read here
Jane Street is accused of insider trading that collapsed Terraform, details here
Crypto.com received conditional national bank approval in the United States, read here
FedEx is suing the US government for a full refund on emergency tariffs paid, read here
Anthropic says Chinese companies launched "industrial-scale" attacks on Claude, read here
Step Finance, SolanaFloor, and Remora Markets confirm shutdown, read here
Charts and stats of the day.
IBM drops 13% losing $31B in value, as Anthropic claims Claude can read and modernize legacy COBOL code, read here
HYPE is back in a full dumping mode, chart here
PumpFun flips Hyperliquid, now the third-largest protocol by weekly revenue, read here
Michael Saylor’s ‘strategy’ is down over $9.5 BILLION on its Bitcoin holdings, read here
Tokenized US Treasuries market cap surpasses $10 billion, per Token Terminal, chart here
Vitalik Buterin continues offloading ETH, selling 3,788.57 ETH worth $7.3M, data here
The top 7 tokens with the largest unlocks this week total $114.71M, led by SUI, chart here
Gold has now overtaken the US Dollar as the world's top reserve asset, read here
Brent crude call option volumes surged to a record 5.8 million contracts in January, read here
Lastly, our daily Telegram bulletin is back! Join in right here and stay on top of everything, every day.
Today’s bulletin:
Dark pools on Hyperliquid explained:
Ethereum $ETH smart contract deployments are SPIKING, now SPIKE that price please sers.
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).
Is Kintsu the Monad Powerhouse?
It’s wild out there, but even so, there are still solid teams and projects to focus on. Kintsu, a decentralized liquid staking protocol on Monad, is one of those. So let’s dive in a bit.
Kintsu decentralized a specific, well-defined function: validator weight selection.
- Kintsu Representatives compete to curate the best validators.
- Validators compete to generate the most yield on Monad for the Kintsu network, compounded into the sMON LST
- KSU stakers allocate stake by choosing the best representatives.
If you want to enjoy an almost 15% yield on your Monad tokens, I don't see a better choice than jumping right here.
Considering the market conditions, Kintsu performs very well:
As part of all this, I recommend reading this deep explanation and response to the latest Vitalik tweet around AI. Brew a solid coffee, big brain stuff awaits:
Based (DeFi) - Raised $11.5M
Anchorage Digital (Stablecoin solution for banks)
How many times did this happen again? Except it got better after, literally every time?
Hey Bitwise CIO, I completely agree with this take. Except I would raise the target by a few krillions, to be exact.
Oh, and in case you’re bored like most, you can start mining BTC in Iran for $1200 and sell it for the aforementioned krillions later. As always, opportunities are abundant, no matter the situation.
Hix0n 🫡
