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OVERVIEW

Altcoins Surge +20% Off March Lows 🤯

Before we dive in, here’s today’s crypto market heatmap:

Source: Santiment

And here’s a look at crypto’s total market and altcoin market cap charts:

Source: TradingView

NEWS IN THREE SENTENCES
Crypto News 📰

💸 dYdX Introduces Token Buybacks to Fix Price, Crypto Skeptics Stay Confused

$DYDX.X ( ▲ 2.84% ) saw its token pop 8% after announcing it’ll use 25% of its monthly fees to buy back and stake DYDX tokens. The exchange shifted tokenomics to bolster security and utility, while also nagging users to finally migrate their ethDYDX off Ethereum (or else). CryptoSlate.

🦄 Coinbase Ready to Drop Billions on Deribit

Coinbase ($COIN ( ▲ 0.59% )) is closing in on buying Deribit—the exchange that dominates 80% of crypto options trading—for a cool $4 to $5 billion, making it one of crypto’s biggest takeovers ever. If regulators in Dubai give the thumbs-up, Coinbase will basically control the options market overnight. TheDefiant.

⛏️ MARA Stock Leaves Bitcoin Eating Dust, Crypto Bears Quietly Delete Their Tweets

While Bitcoin climbed, $MARA ( ▼ 2.46% ) stock surged 12.3%, proving that mining companies aren’t just BTC’s sidekicks—they’re straight-up outperforming it. Marathon, despite its rough year, suddenly looks undervalued thanks to decent earnings and a fresh crypto rally. Naturally, crypto bears who laughed at mining stocks are now suspiciously quiet, probably reconsidering their “Bitcoin is dead” drafts. Finbold.

🚀 DWF Labs Launches $250M Fund to Make Crypto Actually Usable (Finally)

DWF Labs dropped a $250 million fund targeting projects that bring real-world usability and simplicity to crypto.. By targeting mid-to-large cap tokens that regular people might actually use, they’re basically admitting crypto UX currently sucks (we knew). Skeptics will doubt this changes anything, while secretly praying their grandparents don’t start asking them how to use MetaMask. ecoinimist.

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TECHNICAL ANALYSIS
In Case You Missed It: A Good Chunk Of The Altcoin Market Is Up +20% From It’s March Lows

A good chunk of the altcoin market is still down big from their December 2024 highs – but the past couple weeks have given it some life:

Uniswap ($UNI.X ( ▼ 1.64% ))  +29%

UNIUSD Daily Chart – Click to enalrge.

Stellar ($XLM.X ( ▲ 0.54% ))  +28%

XLMUSD Daily Chart – Click to enlarge.

XRP ($XRP.X ( ▼ 0.24% ) ) +30%

XRPUSD Daily Chart – Click to enlarge.

Internet Computer Protocol ($ICP.X ( ▲ 2.07% )) +25%

ICPUSD Daily Chart – Click to enlarge.

Near Protocol ($NEAR.X ( ▲ 3.47% )) +37%

NEARUSD Daily Chart – Click to enlarge.

Let’s see how sustained and real this ‘recovery’ is as we start off this week. But for the time being, crypto bulls everywhere are feeling pretty good this Monday. 🦸 

TECHNICAL ANALYSIS
That Trendline Is Still Important

Almost exactly a year ago, on April 2, 2024, I threw a spotlight on a crucial interior trendline playing out on $BTC.X ( ▲ 0.19% )’s Monthly chart:

BTCUSD Monthly Chart, April 2, 2024

Fast-forward to December 24, 2024, and I revisited that trendline, pointing out every instance it came into play in The Litepaper the year:

April 17, 2024

April 17, 2024 BTCUSD Weekly Chart – Click to enlarge.

May 1, 2024

May 1, 2024 BTCUSD Weekly Chart – Click to enlarge.

July 3, 2024

July 3, 2024 BTCUSD Daily Chart – Click to enlarge.

November 8, 2024

November 8, 2024, BTCUSD Weekly Chart – Click to enlarge.

December 24, 2024

December 24, 2024 BTCUSD 3-Day Chart – Click to enlarge.

And here’s what it looks like today:

arch 24, 2024 3-Day Chart – Click to enlarge.

So, where is that interior trendline at? For this week it’s in the $96,500 to $97,200 range. So watch Bitcoin closely this week if it starts to pamp towards those levels. 👀 

ON-CHAIN ANALYSIS
Burnt Bag Briefing 🔥 

Want to know whether the bulls or bears are feeling the most pain today? Well, this is the place to look. 👀

24-Hour Liquidation Heat Map – Source: coinglass – Click to enlarge.

In the past 24 hours, 101,305 traders were liquidated, with total liquidations reaching nearly $259.78 million.

The largest single liquidation occurred on Binance, a BTCUSD pair valued at $5.20 million.

Longs lost $67.51 million, while shorts were hit for $192.26 million. 🤕

NEWS IN THREE SENTENCES
AI & Privacy News 🕵️ 

🔮 AI Oracles Hitting 89% Accuracy; Skeptics Still Betting Against Facts

A recent study used AI Oracles powered by DSPy to verify over 1,600 high-stakes market outcomes from Polymarket, boasting a slick 89% accuracy rate, especially strong in sports event verification. Despite AI’s difficulty with complex temporal data, results show clear promise in prediction markets and decentralized verification. Of course, skeptics will continue insisting they’re smarter than GPT while confusing yesterday’s news with today’s tweets. Chainlink.

🛡️ World ID Blocks AI Ticket Bots; Critics Still Waiting in Line

World ID ($WLD.X ( ▲ 2.03% )) promises to finally solve ticket hoarding by using “proof-of-human” verification, restoring sanity to public services and concert ticket sales by preventing bots from gobbling up supply. This means fewer headaches, more fairness, and less time spent proving you’re not a robot. Naturally, crypto deniers remain skeptical, blissfully standing in digital queues hoping their CAPTCHAs won’t mistake them for a toaster again. Worldcoin.

NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️

🛠️ WEMIX Completes Maintenance; Critics Complain About Downtime, Ignore Upgrades

$WEMIX.X ( ▼ 0.56% ) wrapped extensive maintenance to improve infrastructure stability, security, and transaction reliability, including enhanced safety modules and node audits. Though services took longer than expected, the upgrades set the stage for seamless blockchain experiences moving forward. Predictably, haters complain about downtime, conveniently forgetting that traditional services routinely crash without even attempting upgrades. WeMix.

🤖 MultiversX AI Hackathon Shows Off Real Innovation

MultiversX ($EGLD.X ( ▲ 3.53% )) wrapped up its month-long /AI_MegaWave hackathon with jaw-dropping projects powered by Eliza’s AI framework and no-code Cursor MCP integration. Winners included MvX LIB, simplifying smart contract development; JoAi, with its DAO-like swarms of AI agents managing digital assets better than most portfolio managers; and One Click Warp Generator, turning complicated blockchain transactions into child’s play. MultiversX.

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending Protocol News 🏦

⚖️ Bitcoin vs. Gold Debate Just Got Automated, Crypto Critics Miss the Memo

Comparing Bitcoin to gold rather than dollars reveals a steadier valuation, proving $BTC.X ( ▲ 0.19% ) isn’t as volatile as critics claim. Carbon DeFi demonstrated that automated trading between Bitcoin and Pax Gold nets a 25% ROI, but skeptics insist both are worthless. Keep yelling “tulips,” critics—everyone else will enjoy compounding profits. Bancor.

💳 Vaulta Launches Web3 Banking While Traditionalists Cling to Paper Checks

Vaulta unveiled a comprehensive Web3 banking ecosystem, promising rapid global payments, diversified wealth management, tokenized real-world assets, and insurance tailored for crypto users. With transaction speeds under one second and partnerships spanning exSat’s Bitcoin integrations to Blockchain Insurance Inc., Vaulta has effectively made traditional banks look as relevant as fax machines. EOS.

LINKS
Links That Don’t Suck 🔗

👍️ Crypto investment products reverse 5-week outflow streak, adding $644 million in assets

🎂 Peter Schiff satirically asked to dnate Bitcoins in honor of his birthday

😱 With $20 billion TikTok bid, project Liberty wants to port 170 million users onchain

💵 Netflix’s Reed Hastings gives $50 million to Bowdoin for A.I. program

🤖 Liquid robot can transform, separate and fuse like living cells

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Author Disclosure: The author of this newsletter holds positions in ADA, IMX, COPI, MIN, AGIX, ALGO, ZEC, XLM, and NEAR. 📋