BItcoin Dumps, Blackrock, Jupiter DAO, Scottie Pippen, ORE, Donald Trump Sneakers, Jim Cramer

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👀WHAT’S THE META..👀

GM, GA, or GN wherever you may be.

Want to stay ahead of the curve? Don't worry we got you. The market has been brewing, here's what's currently happening:

🎉GIVEAWAY TIME🎉

Yama Wrld is an Anime IP Accelerator launching the first ever Ordinals PFP collection to come out of India, they are backed by Hawk Gaming, the Cambridge Blockchain Society, and Legacy Film Giants. The brand seeks to expand within the collectibles and Anime market, incubating popular Japanese IP within their budding decentralized creator economy via strategic partnerships.

The Ordinals Collection is derived from an original story that will be launching as a Manga this year, holders of the NFTs will be able to participate in the anticipated $YAMA token launch powered by [Redacted] in the near future.

REQUIREMENTS:
- Follow @Yama_wrld
- Like, RT Tweet: https://x.com/yama_wrld/status/1805586980337537516 

Thanks to our frens over at Yama Wrld we have GTD WL spots up for grabs.

Email [email protected] with your X id AND Taproot addresses with email subject 'YAMA'. Winners will be drawn in 72 hours, and notified by X DM.

🪙CRYPTO DIGEST🪙

Last week, BTC fell 14.8%, closing at $58,150. The aggressive sell-off continued at the start of this week, with another 14.7% drop, putting in a low at $49,150. As this week progresses, it is crucial to watch if BTC can reclaim the Q1 mid-point at $56,150 or if it holds as resistance. This macro level will provide insights into whether BTC can re-challenge the multi-month range and reclaim it as a deviation, or if it will hold as resistance, signaling a potential further breakdown and retest of lower prices.

Key Levels to Watch for BTC:

Q1 Mid-Point: $56,150 (Key level prior range)

Support Levels: $45,000 - $40,000 (Potential support zone if the downtrend continues)

ETH/USD Analysis:

ETH/USD experienced an aggressive sell-off last week, dropping 17.8%. From the open of this week, ETH dropped another 27.7%, putting in a low at $2,060. Similar to BTC, ETH needs to reclaim and hold $2,644 to re-challenge its prior trading range. Should ETH fall below its local low, the $1,870 - $1,600 range will be key areas to watch for support.

Key Levels to Watch for ETH/USD:

Reclaim Level: $2,644 (Key level to challenge prior range)

Support Levels: $1,870 - $1,600 (Key support zones if the downtrend continues)

ETH/BTC Analysis:

ETH/BTC had a sharp fall, putting in new cycle lows at 0.04. The broader altcoin market against its BTC valuations (Total3/BTC, Others/BTC) are also very close to their current cycle lows. Given their current standings, we will either see a double bottom formation or potentially capitulate and put in new cycle lows.

The broader economy is at a pivotal point with the unemployment rate hitting 4.3%. The Sahm Rule, a recession indicator, has triggered, and the global economy is struggling. There is a chance we could see rate cuts in August if the current sell-off continues in traditional markets. Should the markets stabilize and economic data, including CPI, PPI, initial jobless claims, and the unemployment rate, come in within expectations, rate cuts are more likely to occur in September, aligning with market participants' expectations.

Key Economic Metrics to Watch:
Unemployment Rate: 4.3%+
CPI and PPI Reports: Monitor for inflation data
Initial Jobless Claims: Watch for job market health
Federal Reserve Rate Decisions: Potential rate cuts in August or September

🐸MEMES🐸

Where to start? We saw a massive crash in the markets that saw everything get hammered, with memes also bearing a strong brunt from this downward move. Most coins had 80% dips including some of the strongest the past few months, such as Giga, Mumu and Popcat.

Despite this, we seem to be recovering quite a bit, with Solana moving back up and plenty of memes have rebounded 70%+. Coins like Mumu, Brett, Ginnan, Popcat and Smoking Chicken Fish in particular have responded very strongly. This flush was very important especially for memes, considering the saturation in the memes market as of late.

The strength at which some of these have come back suggests to me that memes are here to stay. However, if you're someone who wants more exposure to memes, I feel as if you have quite a lot of time. It's very unlikely that everything just immediately sends to ATHs from here. I personally feel like that we could get another six months of consolidation before everything starts to take off and we see a memecoin super cycle.

It's worth mentioning that your safest bet when it comes to memes are those with staying power, especially the ones which can be seen as 'cults'. These cults will keep bullposting no matter what happens, and I've seen this feature in a few coins:

$GIGA (https://x.com/GIGACHAD_meme)
$RETARDIO (https://x.com/retardiosolana)
$MICHI (https://x.com/michionsolana)
$MUMU (https://x.com/mumu_bull)
$SCF (https://x.com/ChurchOfTheSCF)
$POPCAT (https://x.com/POPCATSOLANA)

🤑AIRDROPS🤑

This Week’s Top Airdrop Updates - Week of 4 Aug

100+ Airdrop Opportunities in my Notion Airdrop Tracker: https://bit.ly/droptime

Markets are down hard. I hope everyone is safe and no one got liquidated. I treat airdrops as extra yield on bluechip productive assets ETH and SOL. Airdrop Farming is much more stable way to earn extra “yield” from your idle assets compared to trading with leverage where one can get liquidated if you are not careful or a black swan occurs.

In times of volatility, we rock on. Here are this week’s updates:

Looking for a FREE Testnet Airdrop? Synthr is the answer

Synthr recently made changes to their testnet campaign to make it easier for newcomers earn points, with a multitude of fun activities and Zealy Quests which cost the user nothing to participate. This one could be a good first step for people with low liquidity.

Their sign up process is not straight forward, which is why I have created a guide here: https://x.com/cruzcontrol660/status/1818655911105511496

Solayer Integrates hubSOL

Epoch 4 for Solayer is open, sSOL is now unfrozen and tradeable with first DeFi integration being LP on Orca. 2 more will be announced soon: https://x.com/cruzcontrol660/status/1818462405003034807

In addition, they now take hubSOL which is the LST of SolanaHub. Your hubSOL deposit of Solayer will earn you both Solayer points and SolanaHub Loyalty Points. More details and my referral link is here: https://x.com/cruzcontrol660/status/1819069811370217582

Kroma Network - Snapshot and Airdrop Soon

If you participated in the Kroma Galxe Quests, now is the time to login to your Galxe account to check that your Loyalty Points are there and that the balance is correct. Do so before 9 Aug and log a ticket in their Discord if you see any discrepancies.

The team also released criteria for their imminent airdrop, and Galxe Points looks to be a big part of that, more details here: https://x.com/cruzcontrol660/status/1819743534628606393

Kamino Season 2 Drop in Mid Aug

You can now check your Kamino S2 Airdrop on their Dashboard, with snapshot taken on 31 July. At the same time, S3 also kicked off. This is a complete linear distribution, just like the previous season, and will continue to be in S3. No one is holding their breath on this, especially in the current market conditions. But it’s free money nonetheless.

Spider Sensei: Alpha before it’s Alpha
Using Social Sentiment to curate new coins, NFTs, & protocols—before they trend. X / Discord