Arbitrum Gaming Grant, $FRIEND Chain, DeBridge Incentives & More

The Castle Chronicle: Volume 73

 👀 What’s to Come in Volume 73

🔑 Key News: Headlines, Exploits, Continued Adoption, DeFi Updates, New Projects & more from CJ

On-Chain Sleuthing: feature along with Smart Money Moves from Cl

🔥 Hot Narratives from unexployed

📉 HTF Price Action Scenarios: from Vlad

⚔️ A Call to Arms

Think you have what it takes to enter the Castle and contribute to funding and advising projects across the space?

🔑 Key News

Major Headlines

  • BlackRock and Citadel plan to launch a new national stock exchange in Texas

  • Robinhood to acquire Bitstamp

  • Trump pitches himself as 'crypto president'

  • Fidelity International Tokenizes Money Market Fund on JPMorgan’s Blockchain

  • Iggy Azalea updates on relaunch of her telecommunication company and $MOTHER

Project Updates

Interesting Projects

  • One Frequency: Layer 1 blockchain enabling builders to deliver decentralized social apps at massive scale, from Polkadot

  • Zellular: A general-purpose protocol for building decentralised applications as self-sovereign replicated state-machines

  • Allstake: Omnichain Meshed Restaking protocol

  • ZK Nation: zkSync decentralized governance protocol

  • Operation Liquidity: Protocol on Ao/Arweave, not much info

Courtesy of CJ - check out his telegram channel for daily news, projects updates and new releases

⛓ On-Chain Sleuthing

Machi Big Bro trying to exit $friend ?!?

We have everyone and their mother hating on $friend tek but Machi Big bro remained boolish on $friendtek & kept claiming it’s the #1 social crypto app.

But, when we are looking on-chain, his true colours are revealed.

He recently started selling an important chunk of his underwater bag & then used the proceeds in ETH to LP it with the equivalent of $friend tokens.

He is now holding around 3.6% of the supply spot & LPing close to 5% of it on Bunny Swap.

The price action post-Friendchain announcement was used as an exit pump by many different holders & maybe Machi felt trapped.

But looking at his positioning on-chain, he’s not done selling imo.

Machi $FRIEND Adrress [only visible for newsletter subs (it’s free)]

Research and analysis by Cl

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🔥 Hot Narratives

ZKSync Checker

The checker for zkSync dropped. In total they are airdropping >15% of their supply to the community. The criteria haven’t been too harsh and it seems that this airdrop is received very well by the community.

Let’s see the price action on TGE.

Congrats on those who made it.

Farming DeBridge For Free

Brothers in coin. You must be tired of my ramblings about airdrops.

In today’s episode: Farming DeBridge for free. They already have a points program and managed to acquire a sizeable ARB grant to incentivize usage of their bridge.

I really recommend doing some transactions using their bridge and getting those rewards to compensate the gas fees.

Farming has never been more easy.

Cheese Chain

Cheese Chain has gone live. Normally, I wouldn’t cover topics like this. But in today’s world the only attention is on memecoins.

Since Cheese is an L3 and fits that meme narrative, I thought why not cover this too. You can find the details of the chain below.

Enter the cheesino and see what you can find. Only gamble with what you are willing to lose.

Courtesy of unexployed

Use our referral system to spread the word about the Chronicle!

📈 HTF Price Action Scenarios

Gm frens!

Last week I was looking for price to go above those local highs to start following. Price peeked above for a short time and dumped hard from there. This tells us a few things.

  1. The HTF re-accumulation is not over yet

  2. Sellers are in control right now

  3. We are back to waiting on the side-lines

  • HTF re-accumulation

  • Big impulse validating the re-accumulation

  • Price re-accumulating the most recent push

Even though we didn’t have immediate continuation this is still a VERY bullish-looking chart. Now it’s all about waiting for a strong move to come in again for us to follow.

Trade responsibly and I’ll see y’all next time!

Courtesy of Vlad - contextual trader and MentFX student

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Virtually yours,

The Castle

In our newsletter, we may discuss projects or tokens in which we hold positions. While we aim to provide informative content, our views are not financial advice. Please conduct your research and consult professionals before making investment decisions. Crypto markets are volatile, and past performance doesn't guarantee future results. Invest responsibly, and be aware of the risks. Your capital is at risk, and we do not accept liability for any losses.


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