Plus: China’s promoting seized crypto abroad
GM. The juicer’s jammed, the blender’s damaged, and the charts are dripping – seems like one other regular day.
🤫 Aztec Community devs launch StealthNote.
🍋 Information drops: China’s making an attempt to determine easy methods to promote their crypto, Semler Scientific needs to purchase extra BTC + extra
🍍 Market taste at this time
Crypto at this time appears like typing “Google” into Google.
Idk if you happen to see what I imply, however the market’s acquired that very same misplaced power.
Bitcoin’s been caught in the identical boring $83K – $86K vary for the previous few days.
However in response to dealer Daan, each bulls and bears have been putting their positions, and that often means we’re on the sting of an even bigger transfer.
Why? As a result of they’ll’t each win. One aspect’s getting squeezed.
If Bitcoin drops beneath $83K, bulls would possibly begin panic-selling, and bears might brief extra BTC → value goes decrease;
If it jumps above $86K, it’s the alternative: bears would possibly rush to shut shorts, and bulls might begin shopping for extra → value goes greater.
In the meantime, CryptoQuant analysts say that whales have slowed down their promoting. In February, they had been promoting as a lot as 800K BTC per day – now, they’re nearer to 300K BTC each day.
Good progress? Effectively… sorta. As a result of that does not imply they’re shopping for.
Matter of truth, they really decreased their holdings by 30K BTC over the previous week, and their month-to-month accumulation fee – which exhibits how briskly they’re including cash – dropped from 2.7% to 0.5%, the slowest it’s been since February 20.
On prime of that, when Bitcoin dropped beneath $80K final week, mining grew to become much less worthwhile. In consequence, miners offered 15K BTC final Monday – their third-largest sell-off this 12 months.
Put all that collectively, and… investor temper, in response to CryptoQuant’s Bull Rating Index, has been bearish for 58 of the final 60 days. The final time we noticed a streak this miserable was again in September 2022 throughout the bear market.
That stated, analyst Michaël van de Poppe thinks that so long as Bitcoin stays above $80K, there’s nonetheless an honest shot at a rebound.
So for now, we wait.
🧃 Juicy announcement
BitDegree’s formally the group accomplice of Consensus Toronto 2025 😎
That is one of many largest crypto, blockchain & Web3 occasions happening this Could.
Wanna come? Use code BITDEGREE for 20% off your ticket!
Declare your spot!
🥝 Memecoin harvest
The clown automobile of crypto pulled up – and the passengers arrived with gainz 🤡
Information as of 06:30 AM EST.
Take a look at these memecoins and many extra right here.
Think about your self working at a spot the place:
You’ve been promised a increase for months – and also you labored your a** off for it – but it surely’s at all times “subsequent quarter”;
Your supervisor retains asking you to lie in studies to make issues look higher;
Todd from accounting microwaves fish each. single. day. Evidently, the stench is prison.
And for instance you actually wanna hold this job – however you simply cannot proceed like this. So what do you even do?
You would complain about it on X… but when Karen from HR sees it… good luck.
Ugh, if solely there was a solution to communicate up with out exposing your self…
Girls and gents, welcome to our present: Blockchain Fixes All the pieces!
In at this time’s episode: StealthNote – from the devs behind the Aztec Community – which helps you to say what’s flawed at your office with out anybody realizing it’s you.
How? Zero-knowledge proofs.
Principally, the app makes use of your organization Google login to create a cryptographic proof that you just work there – with out revealing your identify or e-mail.
It’s like exhibiting an ID that solely says “I’m sufficiently old,” with not one of the private data.
That’s zero-knowledge: proof, minus the small print.
So now, you possibly can say “hey, Todd, pls cease” with out risking your job or your work relationships.
And it’s not only for places of work – uni college students are posting there too.
Proper now, most posts are chill – folks saying hello, appreciating privateness tech, and so forth. However this could possibly be big as soon as folks actually begin utilizing it to name out severe issues.
This entire factor ties into what Vitalik Buterin, Ethereum’s co-founder, wrote about a few days in the past: privateness isn’t simply good to have – it’s important.
He explains it with three details:
1/ Privateness = freedom
If each transfer you made was seen to the general public, you’d begin shaping your habits to keep away from being judged or punished. You’d lose the flexibility to simply be your self, principally.
That is not freedom.
2/ Privateness = order
Take into consideration voting: if you happen to needed to share who you voted for, folks can bribe or threaten you.
Identical logic applies to any scenario the place somebody’s resolution impacts others.
If these choices aren’t shielded from exterior strain, manipulation takes over and the system breaks down.
3/ Privateness = progress
A variety of the information wanted for innovation – in healthcare, training, or AI – can’t be collected or shared with out risking folks’s private lives.
For instance, your well being information might assist researchers create higher remedies. But when that information could possibly be traced again to you, you in all probability wouldn’t consent to share it.
Privateness tech lets us hold management over our information whereas nonetheless utilizing it to construct higher methods.
So yeah, StealthNote would possibly appear to be a small instrument for venting about your bizarre coworkers. However it’s truly a part of a a lot greater motion to defend the fundamental proper to say one thing true with out paying a private value for it.
And in a world the place AI would possibly actually learn our minds sometime, that is the form of safety we’re going to wish.
Now you are within the know. However take into consideration your pals – they in all probability don’t know. I ponder who might repair that… 😃🫵
Unfold the phrase and be the hero you might be!
🍋 Information drops
💰 Some native governments in China try to make some additional money by promoting off crypto they seized in authorized circumstances. Since crypto buying and selling is banned in China, they’re working with personal firms to deal with the gross sales abroad.
⚠️ Somebody hacked a ZKsync admin account and used it to mint round $5M value of unclaimed ZK tokens. ZKsync stated that no consumer wallets had been touched.
🤝 KiloEx, a decentralized buying and selling platform, acquired hacked for $7.5M and is now tryna get it again. They’re providing a deal: return 90%, and hold the opposite 10% – about $750K – as a “thanks for locating the bug” reward.
🚀 Semler Scientific, a healthcare tech firm, is planning to lift as much as $500M – and a few of it is going to be used to purchase extra BTC.
👋 Ethena Labs, the workforce behind USDe, is shutting down its operations in Germany. This comes simply weeks after German regulators identified some points with the stablecoin.
