- The Castle Chronicle
- Posts
- FTX Update, Tether SUED, OPNET & More
FTX Update, Tether SUED, OPNET & More
The Castle Chronicle: Volume 81
Dear readers,
Sorry for missing last week. It was busy plus we are revising some stuff internally. Best believe good things are coming soon plus an overhaul of the newsletter!
Love,
Castle
👀 What’s to Come in Volume 81
🔑 Key News: Headlines, Exploits, Continued Adoption, DeFi Updates, New Projects & more from CJ
⛓ On-Chain Sleuthing 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
Project Updates
Ronin Network exploited funds being returned while Nexera suffered a $1.8M exploit
y2k officially rebrands to Fractality
Ethena expands to Solana
Binance to list $TON
Canto chain halted due to consensus issue
Cow Swap launches CoW AMM live on Balancer
Kanpai Panda founder launches memecoin alleging relations to Trump but gets called out by Trump’s son
Kujira officially partners with Thorchain
Hyperlane introduces Hyperlane Foundation & their token while deBridge releases their airdrop checker
MakerDAO proposal on WBTC Risk mitigation
Interesting Projects
Dawn Internet: Decentralized Autonomous Wireless Networks
Duck Chain: TON L2 powered by Arbitrum
Commonware: Rust-based blockchain framework
Soon: SVM framework
Open Passport: Digital identity
Courtesy of CJ - check out his telegram channel for daily news, projects updates and new releases
⛓ On-Chain Sleuthing
One of the Biggest $DMT whales still accumulating….
this addy: https://etherscan.io/address/0x06831a104e06DbBDC3c12B754DEeA30B06a74596
is the biggest $DMT holder on Ethereum mainnet. And as we can see, he has been buying every dip in the last weeks.
The same wallet has sold some tokens once the Sanko Corp layer 3 was announced, but since then, he has been buying every dip and adding to its bag. Now holding close to 14k tokens.
IMO, $dmt remains one of the best R/R on EVM network atm.
Their flagship game Sanko Scape is soon to be released, lots of different builders are now shipping different products on the layer 3 and we are expecting Layer 0 bridge to integrate sanko chain which will open a huge flow of capital on their shitcoin ecosytems.
Sanko NFT Collection
And BTW. Me, C-l, and some other Miladys have been deep down at work to create a special NFT collection on Sanko chain.
Soon to be released: https://x.com/bootleg2k
BlockGraze SLEUTHED
Everybody on CT knows pretty well https://x.com/blockgraze
He is a known $DMT bulla & as well a big Solana guy. We recently found his Solana wallet if you want to follow him.
https://solana.fm/address/3VX1ngdztmtYEuPfNJy2QbbDk7AVMjo1myQHh9FwMwYo/transactions?cluster=mainnet-alpha
Research and analysis by Cl
🔥 Hot Narratives
OP NET
Maybe you got tired of all the Bitcoin DeFi ecosystem gibberish that has been entering our timeline over the past 6 months.
I was very sceptic too! Especially with regards to chains such as Stacks and Merlin. I still think they have failed to ‘unlock that dormant $1 trillion dollar market’ as they like to market it.
Ordinals and Runes did find some meaningful traction and brought excitement back to Bitcoin. However, apart from NFTs on Bitcoin and fueling a nice wave of hyperspeculation and attention things fell quiet.
It was almost as if they speedran the NFT hype, but on Bitcoin. People used the NFT first to create collections and do silly stuff with it. It wasn’t until later that project started to adopt it and gave it meaningful value (think of Uniswap V3 NFT-LP positions).
I see the same thing happening now on Bitcoin. The team behind Motoswap (a Bitcoin native DEX) also closely involved with novel token standards, have developed OP NET. A new metaprotocol on top of Bitcoin that enables smart contracts all on the L1.
For now it is only available on testnet and can be used through their forked version of the unisat wallet. Wallet link here.
You can get Bitcoin through the faucet here.
There is a tutorial on how to deploy a token here.
Good luck in the trenches!
Courtesy of unexployed
Use our referral system to spread the word about the Chronicle!
📈 HTF Price Action Scenarios
Gm frens!
Nothing too important is happening right now. Price consolidated a bit after it broke the bullish structure; all there is to do is wait.
Overall ETH is weaker than BTC and SOL which have both shown a bit more resilience during this dump. But that doesn’t really make a difference, as I see these all as “worthless markets” right now - markets that are not worth paying attention to.
For me to become bullish again I’ll need to see a lot of strength come in first, which might take weeks, perhaps even months.
Supply respected
Demand broken through
Bullish trend structure lost
Sellers in control
There is nothing to do but to sit on our hands and protect our capital. Patiently wait for good opportunities and fearlessly pull the trigger when they line up. Until then -
Trade responsibly and I’ll see y’all next time!
Courtesy of Vlad - trend-based trader and MentFX student
The Alpha Assembly
Receive Telegram notifications of our posts and those of our partners! Join the Alpha Assembly Telegram channel today!
The central hub for anything crypto:
High-level on-chain capital movements
Web3 gaming insights
DeFi research and strategies to give you an edge
Thanks for reading, please give us a follow on Twitter at @Castle__Cap to learn more about our services.
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.
Reply