- The Castle Chronicle
- ETF News, Bungee Exploit, Airdrops, Whales EXPOSED & More
ETF News, Bungee Exploit, Airdrops, Whales EXPOSED & More
The Castle Chronicle: Volume 53
WOW! Insane. 114 million votes.
For those unaware. Castle ran for the position as one of three Arbitrum application advisor for the upcoming Long Term Incentive Program.
And we were elected!
Thank you to everyone who voted for us!
We love this space and we are very excited to participate in an official role at the Arbitrum DAO to push this industry forward and help Arbitrum grow.
👀 What’s to Come in Volume 53
🔑 Key News: Headlines, Exploits, Continued Adoption, DeFi Updates, New Projects & more from CJ
⛓ On-Chain Sleuthing: Machi Accumulating Blur/Blast, Hayes Doubling Down on Perp DEXs feature along with Smart Money Moves from Cl
🔥 Hot Narratives Mount Gox, EigenLayer, AltLayer & Magic Eden Airdrop, 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
Solana Mobile unveiled Saga crypto phone v2
Animoca Brands Anichess Game partners with Magnus Carlsen
MAS announced BTC ETF cannot be listed in Singapore
SEC delayed Fidelity Spot Ethereum ETF
Hong Kong Firm Targets Spot Bitcoin ETF Launch in First Quarter
Elon Musk introduces X Payments
Terraform Labs Files for Chapter 11 Bankrupty in Delaware
Socket/ Bungee Exchange exploited for roughly $3M
Concentric Fi exploited for $1.7M
Trezor investigating security incident about customer information leak
Zachxbt exposes SAVM threadors dumping tokens
Suspicious $MANTA movement exposed by Definalist
Finschia merging with Klaytn blockchain
Delphi Labs introduces Asteroid Protocol
Alt Layer shares their token launch plans and airdrop details
Conflux announced EVM-Compatible Bitcoin L2
Dymension shared tokenomics
Eigen Layer eyes new security model
⛓ On-Chain Sleuthing
Machi Big Brother Bullish $BLUR & BLAST
The famous NFT degen & BAYC connoisseur, Machi, has been accumulating a big bag of $BLUR over the last few weeks.
To get to this stage, he sold a lot of $APE, $ETH, and various NFTs. The acquired $BLUR has been staked on the platform to accumulate points. He now holds 8 figs in the platform.
But his allegiance does not end there. He has also been depositing millions in the Blast multi-sig. Now over $23 million!!
Machi’s DeBank Page [only visible for free subs]
Arthur Hayes THE Perp DEX Maxi
We know Hayes as one of the biggest $GMX holders. Well, he has been loading up heavily on another perp DEX: $dYdX.
One of the addresses that we marked as associated with Hayes has accumulated a position to be worth between $6 and $8 million in $dYdX.
I think that so far, Castle is the first to cover this on-chain move.
Arthur Hayes Associated Wallet [only visible for free subs]
Research and analysis by Cl
🔥 Hot Narratives
Mount Gox Distribution Within 3 Months
Reddittor breaking the news that Mount Gox is contacting creditors about distribution of their BTC. Original post here.
Around 200,000 BTC is expected to hit the markets before October of this year (likely earlier).
EigenPie & EigenLayer Alfa
Succesful SubDAOs for Pendle, Radiant, PancakeSwap, and now EigenLayer.
Staking ETH on EigenLayer through EigenPie yields multiple benefits:
EigenPie Points > $EGP airdrop and $EGP IDO allocation.
More details on other multipliers in this tweet.
EigenPie is another great example, but if you want to take a little bit more risk and leverage your capital more optimally it may be worth to dive into the Pendle YT/PT strategy outlined in the following thread. NFA:
Few understand the power of @ether_fi eETH on @pendle_fi...
Play your cards right here, and you'll not only be earning some good ETH yields, but also potentially 4, 5 digits worth of restaking airdrops.
Buckle up folks, here's how it should be done 🪂
— Pendle Intern (@PendleIntern)
Jan 12, 2024
AltLayer Airdrop Details
AltLayer announced their airdrop details and its the first to reward EigenLayer Restakers. Find full details in their Medium blog.
Magic Eden Airdrop
Magic Eden, one of the bigger NFT marketplace projects, recently announced their own rewards program.
Time to dust off your wallets as they will account for activity dating back to 2021 (yes they have been around for so long).
Official announcement and more details in this tweet.
Courtesy of unexployed
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💹 Macro Outlook
He will be back…
📈 HTF Price Action Scenarios
Last week price expanded out of its consolidation range and printed a nice higher high, showing good strength in the market. Since then I have been waiting for price to re-accumulate and start its bullish continuation. Unfortunately price didn’t catch any bids on the lower timeframes and has been dumping ever since.
Expansion out of consolidation
Clear higher high
The high timeframe is still very bullish, but the lower timeframes are currently bearish. Therefore we wait until these 2 sync up. There is no point trying to catch a knife here, nor is there a point to short this market yet (imho).
I am therefore sidelined until some clear sign of strength shows up on the lower timeframes. Nothing to do, just outperform the market by staying out again.
Trade responsibly and I’ll see y’all next time!
Courtesy of Vlad - trend-based trader and MentFX student
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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.