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Short-sellers collectively lost $50m as leading memecoins surged in price. PEPE, WIF, and BONK all hit all-time highs over the weekend - even Doge saw price gains. Memecoins, only recently stepping into the spotlight as legitimate speculative bets, have rapidly been gaining traction as an asset class not to be overlooked by investors and speculators.
BlackRock's iShares Bitcoin Trust and Fidelity Investments' Wise Origin Bitcoin Fund have emerged as the leaders of the spot Bitcoin ETF race so far. These two funds have captured 79% of total inflows while the rest have struggled to keep up, responding by reducing fees. Experts expect further concentration among the top ETFs and continuing fee wars as time goes on.
Uniswap has unveiled a comprehensive Limit Order offering. Users can now buy and sell tokens at their preferred price without having to wait and monitor the market. Included in the web app, the feature optimizes gas fees, auto-executes when market conditions meet user-set requirements, and can be used for swaps of any size.
Astaria has launched a first-of-its-kind intent-based lending platform. Its unique features include a 24-hour gas-free rate auction for each new intent. The system fosters competition among lenders to meet borrowers' intents. Astaria also promises no-fees capital efficiency, no listing process for new assets, and an oracle-free lending process. Incentives are in place for both lenders and borrowers involving $USDC and $WETH.
This thread lays out a thesis for memecoins being the next big trade, mirroring the L1 trade of last cycle. Memecoins have parallels to L1s. L1s' proliferation led to a few winners and many losers. The L1s that won mostly did so by winning the attention game. Memes are similar, except that they are more of a pure attention play.
This thread walks through strategies investors can utilize during market "flushes" or sudden downturns. These moments provide a good opportunity to invest in the strongest-performing assets. Strategies for investing include mechanical scalps, known as knife catching, which requires careful handling. The use of alerts, lists, and screeners is also recommended for staying organized and identifying what to buy after the dip. Investors need to have a solid plan and a good understanding of market dynamics.
The Nigerian Government is fining Binance $10 billion for profits gained from what it deems as illegal transactions. The decision follows the recent detention of Binance executives as part of a larger crackdown on unpaid taxes and unregistered exchanges. This is in response to concerns that Binance's actions are destabilizing the Nigerian economy at a time when it is trying to stabilize its currency.
This article dissects the concept of Futarchy and prediction markets, particularly in the crypto world. Futarchy is a proposed form of government where decisions are based on prediction markets - betting on potential outcomes. Although seen as a potential blend of public participation and professional analysis, challenges exist with this kind of system such as market manipulation, noise differentiation, and potential biases. The author offers insights into actual experiments of these concepts in the crypto space, stressing the 'human element' meeting 'professional analysis.'
Ordinals are still a nascent market, and it is difficult to keep up with new projects in the space. More and more projects are announcing launches as Ordinals prices continue to skyrocket. This post provides a good overview of some upcoming drops.
This post makes the case for AI-related tokens and memecoins being the top-performing assets of this cycle.
Friendtech took the space by storm last year and looked poised to become the leading SocialFi app. However, users were disappointed that an airdrop was teased and never came. After losing the pole position for SocialFi, Friendtech is now hinting at an airdrop.
The infamous 3AC founders Kyle Davies and Su Zhu have returned to X, claiming once again that the "Supercycle" is here and that they were right about it, despite their fund collapse being one of the catalysts for the overall market crash in 2022.