Crypto, Ripple, Moonpay, Ape Pro, Pump Fun, Doge, Bitcoin Bank...

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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:

🪙CRYPTO DIGEST🪙

After BTC finished last week with a strong 9.8% gain, closing at the critical level of the previous cycle's all-time high, anticipation is building for a potential breakout of the range. As I’ve emphasized over the past few weeks, BTC must break above and hold $70K as support. Failure to do so could signal a failed rally and lead to lower prices. With this week just starting, we will likely get an answer soon regarding an eventual break.

If BTC breaks above $70K and holds, the next level to monitor is the current ATH from March of this year. It’s crucial that BTC not only surpasses these levels but also holds them as support to avoid re-entering the current range. We're at a tipping point, and while the general sentiment is bullish, it's important to remain mindful of the downside risk. The multi-month range has provided multiple opportunities for accumulation, and we're now close to a decision point.

My honest thoughts? The past several months have offered plenty of chances to accumulate BTC and altcoins, and I’m optimistic for a breakout to the upside. However, if we see a drop in prices, it could present one of the last buying opportunities of this cycle. This isn't financial advice—just how I’m approaching the market based on a trading plan that was developed years ago. Now, it's just about sticking to the plan and executing accordingly.

ETH/USD remains below the critical cycle mid-level of $2,874, which will continue to act as a significant point of local resistance as market activity intensifies. ETH/BTC, on the other hand, remains confined within its lower range, between 0.04 and 0.03832. While there’s potential for ETH/USD to remain at lower valuations if BTC experiences a failed rally, I firmly believe that ETH/BTC is currently in an accumulation range. I remain bullish, anticipating that ETH will begin to outperform BTC, likely starting either late this quarter or early next year.

The broader altcoin market, represented by Total3/BTC and Others/BTC, has held up relatively well against BTC, maintaining key levels of support. With BTC dominance closing in on 60%, I believe we are on the cusp of a potential macro shift where the broader altcoin market will significantly outperform BTC, signaling the onset of a new alt season. Like ETH/BTC, I expect this shift to unfold in Q4 2024 or early 2025.

🐸MEMES🐸

Where do we start? The space has seemed to be shifting away from real memes this past week and fully embracing Artificial intelligence based memes. In a little longer than a week, $GOAT has gone from a pumpfun launch to $700m+ market cap coin, enabling many AI coins to rise up as beta plays behind it, including $GNON which has gone above $120m market cap for its all time high and $FARTCOIN which is near $50m at the time of writing.

At this moment in time, I would recommend doing two things: 1) Watching strong AI coins that have done an initial run and are now consolidating, before they do their next run. This has proven to be a very profitable strategy recently with coins such as $FLOYDAI, $GOAT, $FARTCOIN and $ACT following this. 2) Keeping an eye on newly launched AI coins that have a unique selling point or have a key point of differentiation to other new ones, as there have been AI runners almost every single day - for example $SLOP and $FLAVIA, which have both run to $50m+ market cap in two-three days within their launch, each. In my own personal experience, I entered $SLOP at 400k market cap after seeing that it was the first AI generated memes with images narrative and created by Fabian Stelzer, the creator of AI sandbox app: Glif.

Aside from AI coins, there have been good dips on many memes, but the strong cults don't seem to care about the liquidity moving over - $GIGA has made a new all time high of $630m market cap and memes such as $SPX and $APU have remained strong. To me it looks like AI coins are here to stay, but this constant chasing of $GOAT beta plays will be burned out very soon, so it might be a good time to load up on your conviction plays.

🤑AIRDROPS🤑

Airdrop Updates - Week of 20 Oct

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

Solayer Episode 2 is Claimable

If you had followed my guide to complete at least 3 tasks in Episode 2, the boosts and badges can now be claimed on the Solayer Dashboard.

My link: https://app.solayer.org/invite/77CVAQ
More details here: https://x.com/cruzcontrol660/status/1848532837265494503

Scroll Releases Airdrop Criteria and claimable on 22 Oct

As I predicted, the badges did not have a significant impact on the final allocation. People who minted an excess amount would have lost on gas and mint fees.

In Summary:
- Snapshot 19 Oct
- 200 marks min. (If you did not meet this, marks will be carried over to S2)
- 4% supply proportionate to Marks
- Flat boost to all eligible wallets: 1% supply
- Boost to ENS domain holders and Gitcoin donators (0.5% supply)
- Marks boost (up to 60) for Canvas badges

Details here: https://x.com/cruzcontrol660/status/1848360768842121482

Jupiter ASR (Active Staking Rewards) are claimable

50M $JUP and 7.5M $CLOUD are distributed linearly to active voters in the last quarter (total of 4 votes). $CLOUD can be claimed and tradeable while claimed $JUP are staked tokens and you will need 30 days cooloff to unstake and trade them.
Claim here: https://vote.jup.ag/asr

Jupiter launches Ape.Pro
Jupiter launches Ape Pro, the competitor to Pump.Fun, with the cheapest fees compared to the competition. You can enjoy 10% fee discount by using my link: https://ape.pro/?ref=cruzcontrol

Great features include social logins and very clean UI and MEV protected swaps.

Details here: https://x.com/cruzcontrol660/status/1846899959595258328

📜FOR THE CULTURE📜

MicroStrategy's latest moves: building a Bitcoin bank

MicroStrategy, the business intelligence firm known for its massive Bitcoin holdings, has set its sights on an ambitious new goal: transforming itself into a Bitcoin bank. As part of this shift, Michael Saylor, who co-founded the company in 1989, has stepped down as CEO to take on the role of executive chairman. This transition allows Saylor to focus exclusively on MicroStrategy's Bitcoin acquisition strategy and related advocacy initiatives, while Phong Le, the company's president, has stepped up as the new CEO. These changes come amid challenging financial results, largely due to the volatility of their Bitcoin investments.

The idea of transforming into a Bitcoin bank is central to Saylor’s vision for MicroStrategy’s future. By offering Bitcoin-based banking services, the company aims to revolutionize the financial landscape, allowing users to make transactions, loans, and other financial operations using Bitcoin. This bold strategy is designed to leverage the firm's substantial Bitcoin holdings, currently totaling around 226,500 BTC, to provide banking services in a manner that integrates Bitcoin more deeply into the financial system. Saylor's continued involvement as executive chairman will focus on advancing these initiatives and promoting Bitcoin adoption.

Michael Saylor's resignation as CEO comes as MicroStrategy faces substantial losses from its Bitcoin investments. In the second quarter of 2024, the company reported a $1.9 billion loss from Bitcoin, contributing to a net operating loss of $200.3 million. Despite these setbacks, Saylor remains dedicated to his Bitcoin advocacy and is spearheading the company's transition towards Bitcoin banking services. He envisions MicroStrategy as a key player in making Bitcoin accessible for everyday financial transactions, thereby positioning the firm as a pioneer in integrating cryptocurrency into traditional finance.

Phong Le, now the CEO, will manage MicroStrategy's core business activities, focusing on the operational side, including software and analytics services. His leadership will allow Saylor to dedicate his efforts to expanding the company's Bitcoin strategy and the development of its Bitcoin bank ambitions. Le's appointment as CEO provides a balanced approach: ensuring that the company continues to grow its enterprise software business while pursuing the innovative goal of creating a Bitcoin-focused financial institution.

MicroStrategy’s Bitcoin bank vision includes enabling users to carry out traditional banking operations using Bitcoin, making it a more practical and integrated financial tool. This move represents a significant departure from the company's original business model as a software and analytics provider, showcasing its confidence in Bitcoin’s future. Saylor's unwavering belief in Bitcoin, combined with his new role, is intended to drive forward the adoption of cryptocurrency in mainstream financial services. The company aims to become a leader in the emerging field of crypto-banking, offering services that could eventually rival those of traditional banks, but built entirely around Bitcoin.

The market has responded with mixed reactions to these developments. Upon the announcement of Saylor stepping down, MicroStrategy's stock saw a 15% increase, signaling a level of investor optimism about the leadership change and its potential to enhance operational efficiency. However, the path ahead is uncertain, as transforming into a Bitcoin bank involves navigating both market volatility and regulatory hurdles. Michael Saylor remains optimistic, believing that integrating Bitcoin into mainstream finance through a banking model could significantly advance cryptocurrency adoption and strengthen MicroStrategy’s standing in the market.

Looking ahead, MicroStrategy's commitment to building a Bitcoin bank could be a game-changer for both the company and the wider cryptocurrency ecosystem. The success of this strategy will depend on their ability to adapt to the unpredictable nature of the crypto market while managing the challenges of integrating Bitcoin into traditional financial frameworks. With Michael Saylor leading the charge on Bitcoin advocacy and Phong Le focusing on business operations, MicroStrategy aims to redefine what a financial institution can be in the age of digital assets.