- The Castle Chronicle
- Posts
- Mt Gox Distributions, Trump on Bitcoin, Market Talk & More
Mt Gox Distributions, Trump on Bitcoin, Market Talk & More
The Castle Chronicle: Volume 80
👀 What’s to Come in Volume 80
🔑 Key News: Headlines, Exploits, Continued Adoption, DeFi Updates, New Projects & more from CJ
🔥 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
Senator Cynthia Lummis plans to announce legislation for Strategic BTC Reserve at Bitcoin 2024 Conference
CZ prison sentence ends September 29th
Trump made a speech in Bitcoin2024 conference
Kabosumama has a new dog called Neiro
SEC amends complaint against Binance that states tokens like SOL are securities
Project Updates
Securitize proposed Ethena allocation to Blackrock's BUIDL
dydx in talks to sell some of its v3 software
Solend rebrands to Save and launching SUSD, saveSOL, and Dumpy.fun
Proposal on Aave to turn on fee switch
Jito announces Restaking
MarginFi introduces The Arena while Dinero introduces institutional pxETH
Ethena USDe added as stable margin collateral on Bybit
Eclipse FND mainnet open for builders
Interesting Projects
Courtesy of CJ - check out his telegram channel for daily news, projects updates and new releases
⛓ Vacation Sleuthing
CL is on vacation. Who is willing to go full rainbolt on this man and sleuth his location based on the picture above?
DM me on Twitter when you find him @unexployed_
🔥 Hot Narratives
Bitcoin Conference Recap
Trump was speaking at the Bitcoin Conference in Nashville. His speech lasted under an hour and he made some remarkable statements.
Find full speech here.
TL;DR:
Declared he will make the USA a Bitcoin superpower.
Stated "Bitcoin is going to the moon."
Promised "you will be very happy with me."
Claimed the SEC has stopped pursuing crypto because he will soon be in office.
Vowed to prevent the government from targeting crypto, comparing his situation to being portrayed as a criminal.
Stated "the day I take office, the anti-crypto crusade ends."
Promised to fire Gary Gensler on day one.
Pledged to shut down "Operation Chokepoint."
Promised the government would no longer watch as crypto companies and jobs flee the country.
Announced the creation of a Bitcoin & Crypto Council for transparent regulatory guidelines.
Said he will ban CBDCs but support other USD-based stablecoins to increase USD dominance.
Claimed the current administration, not BTC, is a threat to the dollar.
Mentioned the US government holds 210K BTC and pledged not to sell any Bitcoin.
Stated he would commute Ross Ulbricht's sentence.
Emphasized the importance of the crypto industry and its potential to outlive current generations.
Predicted Bitcoin will likely surpass the market cap of gold.
Concluded with a promise to make the crypto industry one of the biggest in the world and make the country and Bitcoin more free, richer, and greater.
LumioVM
PontemNetwork is a team of developers nascent to Aptos. They built Pontem wallet, LiquidSwap, and LumioVM.
Recently, they airdropped $LSD (LiquidSwap governance token) and now seem to shift their attention toward their third major product: LumioVM.
Essentially, Lumio enables EVM code to be ran on every chain. As you can see from the graph below. Lumio lives on top of existing chains and allows for EVM, SVM, and MoveVM to be executed.
This framework allows for increased transaction throughput and efficiency. But the Lumio sequencer nodes are also able to handle cross VM communication by catching events on one chain and executing calls on the other.
Solana devnet recently opened and users can deposit testnet SOL to the chain to test it out: https://twitter.com/lumioFDN/status/1815378644455375021
Lumio on Optimism is live on mainnet and users can deposit real ETH here as well: https://superbridge.lumio.io/
I am quite bullish on the Pontem team. So far they have delivered solid products, but their focus on Aptos were under-appreciated due to the low popularity of the chain.
Lumio seems to be a good bet on modularity and interoperability and perhaps a new chance of farming a good airdrop.
Courtesy of unexployed
Use our referral system to spread the word about the Chronicle!
📈 HTF Price Action Scenarios
Gm frens!
Nothing new has happened since last week. Price is still respecting the supply and there's nothing to do until it moves through it.
HTF re-accumulation
Choppy market/consolidation
Flat 50 moving average
No indication of trend continuation just yet
I’m just sitting on the sidelines doing nothing. BTC is the more interesting market right now and along with it some very strong altcoins such as MKR, JUP, XRP, RAY, OM. If the “index” of the industry (BTC) is bullish, it makes sense to look for relatively stronger coins to scalp if you want to take trades. Remember frens, I’m scalping 1-minute charts here with tight stop-losses - don’t get rekt!
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