Harris, Trump, Durov, ME, McDonalds, Pumpfun, Jupiter, CryptoPunks..

This newsletter is proudly sponsored by Alphabot Premium the premier community for WEB3.

👀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🎉

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Project Overview: Galactic Kingdom

Galactic Kingdom is a gaming ecosystem with the first-ever Bitcoin-backed economy, providing a unique and sustainable model that overcomes the limitations of previous web3 games.

Key Components:
Genesis Conquerors Collection
Hand-drawn ordinal PFP collection featuring five distinct races, central to the
- Galactic Kingdom universe
- In-game assets that generate revenue through various utilities

• Game Features
  - Breeding: Players can breed their Genesis Conquerors to create new descendants, expanding their empire and generating income
  - High-Stakes PvP Strategy: Players develop planets and fleets to engage in strategic battles
  - Move-To-Earn: An exploration game where players earn rewards by exploring the Great Galactic Line in real life, combining GPS-enabled technology with gameplay

• Utilities
  - Shared-Sinks: Genesis Conquerors receive a portion of in-game spending such as breeding fees
  - Airdrops: Genesis Conquerors holders receive additional valuable assets and $GKC governance tokens, with opportunities to participate in token presales
  - BTC-Backed In-Game Currency: Players earn a unique Bitcoin-backed currency while participating in the game, creating real-world value

• Future Vision
  - Galactic Kingdom is the first step in a broader vision to expand and evolve the web3 gaming space

🪙CRYPTO DIGEST🪙

BTC is currently testing the orange band on the FibMa, which has been a key rejection point twice in recent months. Each rejection led to new local lows, so this area is critical. Additionally, BTC recently reached the Q1 1/4 level at $64,972 before pulling back slightly. Should the uptrend continue, the Q3 open level at $62,676 is an important area to monitor for potential support.

ETH/BTC

ETH closed last week at 0.04275, its lowest weekly close so far this cycle. Given the ongoing downtrend, there's a strong possibility that ETH/BTC could make new cycle lows in the coming weeks. Keep a close watch on the 0.04 level as it remains a significant support; losing this level could indicate further downside.

Total3/BTC and Others/BTC

Both Total3/BTC and Others/BTC are still holding near their cycle lows. The market is waiting for either a bounce or a failure at these levels, which could set the tone for the next major move.

The S&P has maintained its rally but is encountering resistance as it approaches its all-time high, falling just 0.38% short.

Gold continues its upward momentum, entering price discovery and setting a new all-time high last week at $2,531.

Key Economic Data to Watch This Week

Initial Jobless Claims: Thursday, August 29

PCE: Friday, August 30

Market Sentiment Post-Powell's Speech

The market made a decisive move after Powell’s extremely dovish stance during the Jackson Hole Symposium. He largely brushed off inflation concerns and instead focused on labor, specifically mentioning that he’s closely monitoring unemployment levels above 4.8%.

I’ve shared before that I believe BTC will revisit the multi-month range highs before we potentially see a final accumulation dip, and I still stand by that view. However, Powell’s dovish tone has me considering two scenarios:

Bullish Scenario: The Fed is trying to preempt bad labor data by cutting rates early, sustaining the current uptrend. In this case, buying recent dips will prove wise as momentum continues upward.

Bearish Scenario: Powell’s dovish stance is a sign that it’s already too late. Markets may challenge or even break new highs, but once weak labor data is confirmed, panic selling could occur, potentially resulting in a new local low. In this case, I’d be glad to have cash reserves to buy the final dip before the true “up only” phase begins.

My Leaning and Strategy

I’m leaning toward the bearish scenario, expecting short-term risks where buyers fomo in at the highs before a deeper drop. If labor data reveals more weakness than expected, I doubt a modest 50bps cut would be enough. A more substantial cut—closer to 100bps or more—may be required.

For now, I remain cautious, maintaining a hedge and keeping cash on hand for potential buying opportunities if my bearish outlook plays out. Ultimately, price action is king. If BTC breaks through its all-time high and holds it as support while entering price discovery, I’ll be glad I positioned myself during the recent corrections.

🤑AIRDROPS🤑

Airdrop Updates - Week of 25 Aug

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

Claim your Retrospective Points to get a headstart at Corn - "The Super Yield Network"

If you’ve used Ethena, Etherfi, Kelp, Pendle, or some other platforms, you might be eligible to claim a signing bonus on Corn.

Corn is a new Ethereum Layer 2 network built on the OP Stack using tokenized Bitcoin (BCTN) for gas and Super Yield to return yield to users and protocols.

Raised over $6.7M in funding (not cluding a recent undisclosed investment from Binance), Corn is backed by Polychain, Binance Labs, Offchain Labs, HTX, and more.Here’s a full guide: https://x.com/cruzcontrol660/status/1828060504813637883

Airdrop of Simon’s Cat ($CAT) for $FLOKI holders and users of Floki Telegram Bot

Simon’s Cat is a world-famous cat animation series and an immensely popular cat memes with over 1.6 billion video views on its official YouTube channel and many more fans across other social networks.

$CAT will be airdropped on 29 Aug to holders of $FLOKI on-chain and on Binance:
- 10% of supply to $FLOKI holders on Binance
- 3.5% of supply to $FLOKI holders on-chain (in your wallet)
- 1.5% of supply to users who trade $CAT on the Floki Trading Bot

Only 460 traders currently! You can get started here: https://t.me/floki_trading_bot?start=MTI3MjExNDA4Ng==

Launched on 22 Aug at 20M FDV, it has performed well and now sits at around 200M FDV, with ATH of $250M FDV. For reference, $POPCAT sits at 700M+ FDV while other popular Cat memes such as $MEW and $MOG are trading at over 500M FDV.

Solayer goes Mainnet with AVS Delegation Live

You can now delegate your sSOL to AVS providers such as Sonic (building a Solana Layer 2 customised for gaming) or HashKey Cloud etc to earn extra points for delegating and potentially more airdrops as well.

Here’s a referral link to join the Solana Restaking revolution: https://app.solayer.org/invite/77CVAQ

For a full guide on how this works: https://x.com/cruzcontrol660/status/1824096072593252477

PathFinders - Unruggable NFT WL Token Drop

8000 WL tokens for Phase 1 mint has been distributed (amazing art 😍)

If you held $pathSOL you might be eligible. Check your wallet or use command on their discord server!

If you missed out, they can be purchased on secondary market on Tensor: https://www.tensor.trade/trade/pathfinderswl

Here is a guide on what the hype is all about: https://x.com/cruzcontrol660/status/1826256917347672259

📜FOR THE CULTURE📜

Kamala Harris and Crypto: a policy balancing act

As Vice President Kamala Harris gains increasing attention within the crypto community, her stance on digital currencies is emerging as a significant talking point in the lead-up to the 2024 elections. Known for her cautious approach, Harris has yet to fully embrace the crypto industry. However, recent developments suggest that she may be more open to engaging with this sector than previously thought.

Harris’s advisors have reportedly been in contact with key figures in the crypto industry, sparking speculation about a potential shift in her stance. This outreach comes at a time when the Democratic Party is facing internal divisions over how to handle cryptocurrency regulation. Some factions push for stricter controls, while others advocate for a more balanced approach that could foster innovation without compromising security.

In the past, Harris has been aligned with more conservative views on crypto, focusing on the risks associated with the unregulated nature of digital assets. However, as the crypto industry continues to grow and exert influence in both financial markets and political spheres, Harris appears to be reconsidering her position. Reports indicate that her team is actively seeking to understand the implications of blockchain technology and its potential benefits for economic growth and financial inclusion.

Moreover, Harris’s potential openness to crypto is seen as a strategic move to court younger voters and tech-savvy entrepreneurs, who are increasingly leaning towards candidates that support digital innovation. This demographic could play a crucial role in the upcoming elections, and Harris’s engagement with the crypto community might be a calculated effort to broaden her appeal.

As the 2024 elections approach, Kamala Harris's evolving stance on cryptocurrency will be closely watched. Whether she fully embraces the industry or continues to advocate for cautious regulation, her decisions will likely have a significant impact on the future of U.S. crypto policy. For now, Harris remains a figure to watch as the debate over digital currencies intensifies.

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