Justin Sun, Fractal Bitcoin, Mastercard, Skyscanner, Jupiter, Solano, Coindesk

👀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 ₿

Fractal Bitcoin - What Is It?

Fractal Bitcoin is a scaling solution for Bitcoin, designed to speed up and enhance efficiency without altering its core structure. Led by core contributors Unisat and Block Space Force, Fractal aims to expand the Bitcoin network's transaction capacity.

Site: https://www.fractalbitcoin.io/

Twitter: https://x.com/fractal_bitcoin

Fractal Mainnet Goes Live

Fractal’s anticipated mainnet officially launched over the weekend with the successful mining of its first block. Interestingly, Fractal’s genesis block carries the same message as Bitcoin's: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks,” This nod to Bitcoin’s roots signals Fractal’s ambition to follow in the footsteps of the pioneering cryptocurrency.

Users can manage Fractal assets using UniSat or OKX wallets, providing flexibility and security for those engaging with the new blockchain.

To encourage and reward early adoption, 1 million Fractal ($FB) will be distributed to eligible users through the Fractal Mainnet Bootstrap Program, with 2,000 addresses already awarded.

A major milestone for Fractal will come with the activation of BRC-20 tokens at Block 21,000, expected to happen within the next week. Once this is live, users will be able to swap $BTC for $FB on PizzaSwap, ushering in a new phase of liquidity and asset exchange on the network.

At the time of writing, $FB tokens are already being traded on OTC desks for approximately $18, reflecting growing demand even before official trading goes live.

🪙CRYPTO DIGEST🪙

Last week, Bitcoin tested the Yellow band, but this week it managed to reclaim it. It’s crucial to note that we are still in a multi-month downtrend, and any signs of trend reversal should be monitored closely. Locally, the Orange band has acted as a significant resistance level during past rallies. If Bitcoin can reclaim and hold the Orange band, it may indicate a trend shift. However, if the downtrend continues, we could see a breakdown below the Yellow band, with a move towards the Blue band. A true reversal would require Bitcoin not only to challenge but also to reclaim the Red band as support.

ETH/BTC remains near its cycle low, testing support. If this level fails, we might witness a final downward move before ETH/BTC enters a macro uptrend. The broader altcoin market, represented by Total3/BTC and Others/BTC, has rallied from its lows but now faces critical local resistance levels. It’s vital to watch whether they can break through or if they face rejection, which could lead to retesting cycle lows.

The S&P saw a pullback last week but is bouncing back from its lows. A reclaim of 5482 could suggest a move toward 5564. Gold continues to build structure after reaching a new ATH, moving within a range of 2530 to 2470.

Key Events This Week:
CPI data (Wednesday)
PPI data and Initial Jobless Claims (Thursday)

Presidential debate between Kamala Harris and Donald Trump—economic statements during the debate could influence market movements across various asset classes.

🐸MEMES🐸

It's been a tough time recently for memes. Liquidity has been spread thin and opportunities are at an all time low. The new launches market has also become exhausted, with the number of memes being launched on solana decreasing day by day. An observation I've made recently is a lot of new launches are struggling to even pass 100k market cap. It wouldn't be unreasonable to suggest that 100k market cap is the new 1m market cap and 1m is the new 10m etc.

When it comes to existing memes, most are struggling, with a few exceptions doing well such as FWOG, which has hit a new all time high of around 90m this week. This is a pretty pivotal part of the market with these memes, since many will likely die out while the ones showing strength and consolidating will become stronger bets for when the market improves.

When it comes to Ethereum meme coins, there seems to be more opportunity if you can get into coins early. Coins such as Bruh, Yawn, D.O.G.E and others have done pretty well and Neiro has received a Binance listing. When it comes to memes that launch as a result of news, while these ones haven't succeeded as much, the ones that launch on ethereum tend to do better at this point, using the example of Asteroid (the first Shiba sent to space - tweeted by @PolarisProgram on the 10th of September). Asteroid on ethereum hit an all time high of 2m market cap, while any of the solana launches of Asteroid could barely break 200k market cap.

We're certainly in limbo when it comes to memes; we have some people doubting whether the meme market will come back, but in my opinion, this is the make or break moment, if you buy the uncertainty and the gloom, then you'll be massively advantaged if things go your favour. Now this doesn't mean to just buy whatever you can - you'll be throwing away your money if you do this. Instead, you should observe the market and bid stronger coins and coins with genuine staying power.

Overall, my advice would be to stay away from new launches until things improve; sitting on your hands can be boring but your portfolio will thank you for it, then when you feel the time is right, buy your conviction plays.

🤑AIRDROPS🤑

Airdrop Updates - Week of 8 Sep

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

Eigen Layer Announces Season 2 Stakedrop

After months of waiting, Season 2 Stakedrop will finally be claimable on or before 17 Septermber. While the EIGEN token was released a few months ago, it wasn’t tradeable. It is widely speculated that the token will become tradeable following the S2 claim. 

For users who have been exposed to Eigen Layer via LRTs, the tokens will be claimable in their respective LRT platforms such as EtherFi, Swell and Kelp DAO. 

For the full announcement:
https://x.com/eigenlayer/status/1831376290357690647?s=46&t=PN-vSWejbFCysc_yNxlCCA

GRASS releases Airdrop Checker

After 7 Epochs (which runs for 1 month each), including an invite only Closed Alpha, Grass finally releases checker for their airdrop: 
https://x.com/getgrass_io/status/1831380995058073649?s=46&t=PN-vSWejbFCysc_yNxlCCA

With 2 million+ participants, and low barrier to entry, it is not a surprise that many found their airdrop to be worth “dust”. While the TGE date has not been announced, pre-markets for the $GRASS token are already traedable on Whales Market and AEVO. At the time of writing, it is trading at around $0.3, signaling a FDV of around 300M.

LogX Announces End of Season 1 and Tokenomics

All existing LOGX Reward programs concluded on 9 Sep 23:00 UTC. All pending rewards will be distributed on Friday. There will be a Season 2. 

12% of the token supply has been allocated to Airdrop S1 and there will be 100% net revenue share to stakers. It seems that the tokenomics and ulitiliy are being well received by the community.

For the full lowdown on tokenomics and utility, please refer to their official tweet:
https://x.com/LogX_trade/status/1833209339601162722

📜FOR THE CULTURE📜

Justin Sun: leading TRON’s evolution and reigniting the NFT market

Justin Sun, a visionary entrepreneur in the crypto space, founded TRON in 2017. His goal was to create a decentralized platform for content sharing, removing intermediaries between creators and consumers. Sun's leadership has propelled TRON into one of the largest blockchain ecosystems, positioning it as a competitor to Ethereum by offering faster transactions with minimal fees.

Recently, Sun has focused on two key areas: NFTs and stablecoin transfers. The Tron network's low transaction costs, particularly when sending USDT (Tether), have made it a popular choice among users looking for inexpensive blockchain solutions. According to Criptonoticias, TRON's network has seen a surge in demand for sending USDT, given that its fees are significantly lower compared to Ethereum, enhancing its appeal in global remittance markets.

First, one of the most intriguing aspects of Sun’s recent endeavors is his effort to revitalize the flagging NFT market. Reports indicate that 96% of NFTs are now considered ‘dead,’ as interest has dwindled in the once-booming digital asset class. However, Sun believes TRON can play a pivotal role in rejuvenating this market. By leveraging TRON’s fast and cost-efficient blockchain infrastructure, Sun aims to attract new creators and collectors, thereby breathing life back into the NFT sector.

Looking forward, Sun has hinted at major upgrades and transformations in the TRON network. According to Cryptodnes, Sun recently discussed plans for a "significant transformation" of TRON, which could involve integrating new technologies and expanding its utility within decentralized finance (DeFi) and other blockchain-based applications. These changes could fortify TRON’s position as a versatile and competitive blockchain platform.

Justin Sun remains one of the most influential figures in the blockchain industry. His relentless focus on innovation, combined with strategic acquisitions and efforts to revitalize emerging technologies like NFTs and memecoins, has positioned TRON as a major player in the cryptocurrency world. Sun's ambitious plans for TRON’s transformation are likely to further solidify his legacy as a pioneer in blockchain development.

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