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- HUGE Airdrop Opportunities, Runes on Bitcoin, Market Analysis & More
HUGE Airdrop Opportunities, Runes on Bitcoin, Market Analysis & More
The Castle Chronicle: Volume 64
👀 What’s to Come in Volume 64
🔑 Key News: Headlines, Exploits, Continued Adoption, DeFi Updates, New Projects & more from CJ
⛓ On-Chain Sleuthing feature from unexployed
🔥 Hot Narratives Airdrop from unexployed
📉 HTF Price Action Scenarios from Vlad
👁️ Early opportunities from unexployed
⚔️ 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
Broken code traps $24m of Lido staked SOL
Solana Tx Fail Rate skyrocketing
PlutusDAO winding down plsARB product after backlash
Sushi Swap unethically trying to rug assets from DAO & treasury
Another Goldfinch default happened worth $6M
Wormhole shares W launch roadmap
Ronin Network plans to launch enshrined zkEVM
Fantom launching their canonical stablecoin $USDC.e
Ethena onboards BTC for USDe backing and updates SATS campaign
Kamino Finance releases airdrop allocation checker
Fee Switch temp check for Aave
$TNSR went live and revealed their tokenomics
Andre Cronje releases FTM framework for launching memecoins
Interesting Projects
Figure: AI Robotics company building the world's first commercially viable autonomous humanoid robot
Launchpoint: Another LBP launchpad on Solana
Eidon AI: AI Data Availability & Restaking
r/datadao: World's first data DAO, focused on reddit data
Lumia: EigenLayer Restaked Roll Up
Skate Chain: Universal application layer for all chains
Courtesy of CJ - check out his telegram channel for daily news, projects updates and new releases
⛓ On-Chain Sleuthing
Arbitrum OG Buying $BOOP
Arbitrum has been arguably the most hated chain for the past few months. The native token underperformed. The memetokens were yeeted.
Does anybody remember $SIZE, supposedly pumped by insiders and hitlered to the ground?
Things are turning around though. $BOOP has risen from the ashes and has been on an absolute TEAR. Currently, the memecoin is sitting at $40mln market capitalization and we have spotted an OG that entered not too long ago.
Tztok is the founder of Dopex and was a super influential persona. He bought $30k $BOOP four days ago.
His wallet is public, so no need to gatekeep it: Tztok’s Wallet.
Also, we want to take on this opportunity to let everyone know that they now can migrate their old $DPX and $rDPX tokens to the new $STRYKE token.
Not too long ago, Dopex rebranded and subsequently brought the two tokens together under one.
Truly end of an era innit.
Research and analysis by unexployed
🔥 Hot Narratives Airdrop
New ETH Farm: Blackwing Finance
Another week. Another chain.
Although, it is getting a bit tiresome. These chains present huge farm opportunities, even for the lower networth fella’s among us!
In a nutshell, Blackwing Finance is a modular rollup akin to Aevo and dYdX as it focuses on leveraged/margin trading. The big twist is that they are using Initia for their foundation and makes it possible for users to leverage trade assets from any chain!
Blackwing Raised $4.5mln and is backed by dcfgod and Aptos Labs (great connection). The proejct is currently the only direct way to get exposure to Initia.
✅ Fits in a lot of narratives: Intents, Modularity, Omni-chain, Restaking.
✅ Unique tech: Limitless Pools to allow liquidation free leverage on any asset.
✅ Deposit for multitude of airdrops: Blackwing, Initia, Renzo, Eigenlayer.
Despite the low raise. I am quite bullish on this project since it offers a unique product and is the first chain built with Initia. It has connections with Aptos, also a L1 I am fairly bullish on, and is perfectly set up to become a great omni-chain infra piece for DeFi.
How to Stake on Blackwing
Blackwing uses the famous referral + points system to attract users and gain social exposure. To get started you need to use a referral code (note that they are single use, thus high chance they are given out):
If these codes do not work feel free to DM me for more on Twitter: @unexployed_
Then you simply add some socials (Twitter, email & telegram are not mandatory) and deposit some funds to earn your initial XP.
I recommend depositing through Arbitrum as it saves gas fees.
Additionally, you could opt to stake ETH on Renzo and deposit your ezETH on Blackwing. That being said, you should deposit here for the Blackwing and Initia exposure, so the deposit of staked ETH is not preferred.
Initia is a Cosmos Layer 1 which connects rollups building atop of it as Layer 2s. It uses Celestia for Data Availability and is built using the MoveVM.
> Raised $7.5mln, backed by Cobie, dcfgod, Delphi Digital
Big shoutout to Eagledrop for bringing this to my attention. He is one of the goats with regards to airdrop farming and being early to major opportunities. Go give this man a follow.
As he points out in his original tweet, Elixir (an orderbook liquidity layer) is going down the same social farming path as Monad.
Now we all know the power of social farming and cult forming as displayed by projects such as Bera Chain and Monad. It is incredibly bullish and a great tool for forming a strong and fanatic community around your project.
Not only is your community a source of education and marketing, a good community will also use and support your platform.
As Eagle points out, Elixir has closed their Telegram and will be purging members moving forward. The way to get in is through participation in their social Apothecary quests: www.elixir.xyz/refer/cummings2291
I highly recommend depositing in any of their USDC pools and minting some elxETH on Mainnet. Bonus points for running a node.
Why is Elixir so bullish?
Again:
✅ Innovative tech: liquidity layer for orderbooks.
✅ Legit team + backers: they raised $17mln at $800mln valuation
It is simply one of those farms that should not be overlooked.
Courtesy of unexployed
Use our referral system to spread the word about the Chronicle!
📈 HTF Price Action Scenarios
Gm frens!
This week isn’t any different from last week. Price is still trapped inside this range and suppressed by the most recently formed supply zone.
ETH 4H
Re-accumulation
Supply still suppressing price
Wait for a bullish break through the supply
We saw price briefly break through the supply zone only to get rejected immediately. For me to follow a move bullish with confidence I need to see a convincing break. That would mean a big impulse through the supply zone or at least a sustained move that spends time above the supply zone.
Until that happens, there’s nothing to do but sit on our hands.
Trade responsibly and I’ll see y’all next time!
Courtesy of Vlad - trend-based trader and MentFX student
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👁️ Early Opportunities: Runes
The Bitcoin ecosystem has been booming thanks to new developments.
Ordinals and BRC20s have lifted the mother chain from an awfully quiet place to a new thriving cultural ecosystem with art and memes.
The mastermind behind Ordinals, Casey Rodarmor, has come up with another breakthrough idea that will enable further speculation of memecoins on Bitcoin.
You can find his original manifesto here.
In essence, Runes is an improvement of the already existing BRC20 standard, which has enabled the creation of fungible tokens on Bitcoin. Here is a full comparison between the two:
As you can see, there is a lot of technical jargon involved, but in essence Runes align more with the underlying technology of Bitcoin, but also be more cost-efficient.
We expect Runes to outpace the growth of BRC20s and become the golden standard for tokens on the mother chain.
Casey has planned the launch of Runes at the Bitcoin halvening. This is set to happen around April 20th.
We have prepped a small list of projects that are affiliated with Runes:
RSIC: One of the first Ordinals collections on Bitcoin
Runestones: Another original Ordinals collection that is set to transition to Runes once it is live
RunesPad: Launchpad for new Runes, this one could become really popular once tokenized
RuniBot: Telegram bot to monitor and trade Runes. LBP and token will be on Ethereum
To get started in this area, get yourself a Unisat or xverse wallet, load it up with some Bitcoin from a CEX and head over to Magic Eden to explore their marketplace.
Good luck in the trenches, anon!
Courtesy of unexployed
Thanks for reading, please give us a follow on Twitter at @Castle__Cap and visit our website to learn more about our services.
Virtually yours,
The Castle
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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.
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