Donald Trump, Michael Saylor, Mara, Doge, Abstract, Pudgy Penguins

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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:

₿ BTC/ORDINALS ₿

Donald Trump Speaks at Bitcoin 2024 in Nashville, Tennessee

Republican presidential nominee Donald Trump addressed a room full of Bitcoin enthusiasts at the Bitcoin Conference on Saturday, July 27. In case you missed it, here is a recap of his speech:

Donald Trump first highlighted the talent and genius of the Bitcoin community, likening it to the steel industry 100 years ago. He praised Bitcoin’s rapid rise in value and influence, asserting that embracing cryptocurrency and blockchain technology is crucial for America's future economic dominance. Trump emphasized the need for America to lead in technology, science, and industry, particularly in the crypto space, to prevent countries like China from gaining dominance.

Trump outlined plans to support the Bitcoin and crypto industry by removing regulatory barriers, fostering innovation, and ensuring ample electricity for technological advancements. He promised to make the U.S. a crypto superpower, emphasizing the importance of Bitcoin for freedom, sovereignty, and economic growth. He criticized the current administration's anti-crypto stance and pledged to reverse these policies if elected, aiming to create a more favorable regulatory environment for Bitcoin and crypto.

Furthermore, Trump proposed the creation of a Presidential Advisory Council for Bitcoin and crypto, tasked with developing clear and supportive regulations. He also committed to ending the push for a central bank digital currency (CBDC) and protecting self-custody rights.

Trump promised that America will become the world's undisputed Bitcoin mining powerhouse. He noted that the U.S. government holds a significant amount of Bitcoin and announced that if elected, his administration would keep 100% of their Bitcoin holdings as a national asset. Additionally, he pledged to commute the sentence of Ross Ulbricht, the Silk Road creator serving life imprisonment since 2013.

The speech concluded with a promise to transform America's economic landscape, expressing confidence in a future where Bitcoin and crypto play a central role in national prosperity.

🪙CRYPTO DIGEST🪙

BTC continues to trade rangebound as we await a clear break for a more trending environment. Currently, BTC is at macro levels of resistance, positioned around the prior ATH and the current upper bound of the established trading range. The overhead resistance is formidable, but it's not impossible for BTC to eventually overcome this barrier.

Several months ago, we mentioned that the summer months would likely be boring, with prices cooling off for a while. So far, this prediction has held true. As we approach August, we can anticipate the current trading range to break in the coming weeks or months. If BTC breaks to the upside, it will be crucial to monitor closely as BTC could expand toward the upside. The yellow band on the FibMa is currently at $81,000 and moving higher each week. Given BTC's maturity as an asset, we should expect diminishing returns to continue going forward, as it takes much more inflows and outflows to move its price.

ETH/BTC saw an aggressive sell-off last week, dropping to 0.0473 from the top of its descending channel. As this week begins, ETH/BTC is currently challenging 0.049, a critical level to monitor as it holds significance from the June 2022 low. If this level can confidently hold as support, ETH could see a reversion move back towards the upside and potentially re-challenge the macro downtrend again.

The broader altcoin market, viewed through TOTAL3/BTC and OTHERS/BTC, saw a fall against BTC this past week. TOTAL3/BTC came within 4% of its cycle lows, and OTHERS/BTC within 9% of its cycle lows. Given their proximity to cycle bottoms, we might see a capitulation in the broader alt market against BTC. With Bitcoin Dominance nearing its cycle highs, we could be approaching the phase where alts experience their final bleed against BTC before a true alt season begins.

This Wednesday, the FOMC meeting will reveal any changes to the current interest rates. Expectations are that rates remain unchanged, but Jerome Powell's press conference will be critical for insights on potential rate cuts in August or September. Additionally, monitoring jobs data remains pivotal as it continues to be a significant factor within this cycle.

🐸MEMES🐸

It's been a very eventful week for memes. Mumu had a $2 million buy that created a wick to 810m market cap and now it sits at 200m+, looking very strong around here. Considering similar happened to $WIF a few months ago and that ended up filling the wick and more, Mumu looks like a very safe bet to go even higher at this price.

Shifting our attention away to newer launches, we witnessed the whole 'Neiro' debacle, with the news that the owner of the original doge dog had adopted a new dog called 'Neiro'. Two coins different coins fought with each other to be the main runner, doing almost a combined $1 billion of volume. Now it appears the first runner has been confirmed as the main coin on Solana, while a Neiro on Ethereum has been pumping under the radar as well. Alongside this, a new narrative about doge's cat brother 'Ginnan' has been born, with a new coin being created that has run all the way to 40m market cap.

Aside from Neiro and Ginnan, if we're looking at the biggest runner during the past week, it would have to be Smoking Chicken Fish, which ran up to 90m market cap at its peak but is still strong around 60m. This might have created a meta, with other obscure church/religion coins appearing and doing well, such as Flying Spaghetti Monster. If the narrative holds, I think we see plenty of other coins like this doing well.

As overall market conditions get a lot better, my contrarian take is that memes pump incredibly hard soon, potentially even seeing multiple memes at 10bn+ market cap. This comes as people are far more skeptical of VC coins and high valuation coins, memecoins are the most transparent and relevant in today's society.

🤑AIRDROPS🤑

This Week’s Top Airdrop Updates - Week of 21 July

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

NX Finance - The Yield Layer on Solana

Getting in early is one of the key criteria for big payouts in airdrop farming.

NX Finance is a relatively early airdrop opportunity (they still have much to ship in their roadmap) that you can get into, while leverage farming your assets for great returns as well as hitting other airdrops at once, such as:

The Vault, Switchboard and Sanctum.

For a full guide on this protocol and what to do: https://x.com/cruzcontrol660/status/1817019828324171999

Join my team for a 5% Team Boost: https://nxfinance.io/airdrop?inviteCode=cruzcontrol

Mantle LSP Releases Details about $COOK Season 1

Over 500K ETH now staked on Mantle LSP! They recently announced $COOK rewards allocation for S1:

5% to Mantle Methamorphosis Participants

4% to $MNT Lockers

5% to $PUFF

1% to $PUFF NFT Holders.

Full Guide here: https://x.com/cruzcontrol660/status/1815779835777794406

If you are a $PUFF holder and wondering whether to mint their NFTs (live on Monday 29 Jul), I have a guide for that as well: https://x.com/cruzcontrol660/status/1816679007028674966

DeBridge Snapshot and TGE

DeBridge announced that snapshot was taken on 23 July for Season 1. They will also be launching their token via Jupiter LFG.

I have been watching their volumes since the snapshot and there is a clear drop off after the announcement. It will be interesting to see how the launch will perform; is this going to a repeat of the down-only chart of $W? Only time will tell, however I did some fun calculations on the value of your airdrop based on Points here: https://x.com/cruzcontrol660/status/1816100035698073614

📜FOR THE CULTURE📜

The evangelist: Michael Saylor

Michael Saylor, the CEO of MicroStrategy, has long been a vocal advocate for Bitcoin. His journey with Bitcoin began with cautious optimism, but over time, he has become one of the most influential figures in the crypto world, making bold predictions and significant investments. Recently, Saylor made headlines again at the Bitcoin 2024 Conference, where he reiterated his bullish stance on Bitcoin, predicting that its price could reach $13 million by 2045.

Saylor's commitment to Bitcoin is evident in his strategic decisions at MicroStrategy. Under his leadership, the company has invested billions of dollars in Bitcoin, viewing it as a superior store of value compared to traditional assets. This move has not only positioned MicroStrategy as a leader in the adoption of digital currencies but has also influenced other corporations to consider Bitcoin as part of their financial strategies.

At the Bitcoin 2024 Conference, Saylor emphasized the necessity of Bitcoin as a global digital reserve. He argued that Bitcoin's decentralized nature and finite supply make it an ideal asset in an increasingly uncertain economic landscape. His keynote speech highlighted the potential of Bitcoin to act as a hedge against inflation and a safeguard for wealth preservation .

Saylor's unwavering belief in Bitcoin is matched by his strategic foresight. He has been vocal about the transformative potential of Bitcoin, predicting its price surge based on the growing adoption and the increasing demand for a decentralized digital currency. His projection of a $13 million Bitcoin by 2045 underscores his confidence in its long-term value and its role in the future of global finance .

Beyond his financial predictions, Saylor's influence extends to his educational efforts. He has been an advocate for educating the public and businesses about the benefits of Bitcoin, often sharing his insights and strategies through various platforms. His commitment to spreading awareness about Bitcoin's potential benefits reflects his broader vision of a financially inclusive world powered by decentralized technologies.

Michael Saylor's impact on the Bitcoin ecosystem is profound. His strategic investments and bold predictions have not only propelled MicroStrategy to the forefront of the crypto revolution but have also inspired countless others to explore the potential of digital currencies. As Bitcoin continues to evolve, Saylor's vision and leadership will undoubtedly play a crucial role in shaping its future trajectory.

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