It’s another day at the Castle, and while the market might be frustrating us still, we’ve got all the updates to keep you sharp and ahead of the game. Yes, we’re feeling the pressure too, but you know what pressure makes… diamonds.

Although we may have to be patient for those days to come. Even the Maker → Sky rebrand couldn’t stop markets from dumping yesterday. As always, on days like this (or what seems to be this entire quarter), our advice is get stuck into some research, contribute to a community, or maybe drop a donation to your favorite public good writers.

Before we get stuck in, a humble request for support.

Castle has been selected as an Education Project in the Sei Creator Round on Gitcoin and this is our final call for your support. The more individual donors we get, the higher the matching from Sei, and the more research and education we can publish. Even $2 can go a long way!

You can bridge directly from any EVM chain to Sei on Rabby with Symbiosis.

Now, finally, let’s get into it 👇️ 

🔑 KEY NEWS

MAJOR HEADLINES

• Grayscale announces Avalanche Trust

• Justin Sun withdraws 12k BTC without DAO approval on USDD collateral

• Telegram founder Pavel arrested in France and later released on bail

PROJECT UPDATES

• Tether launching new stablecoin pegged to UAE Dirham

• Clearpool unveils Ozean L2

• Magic Eden announces ME Foundation & $ME token

• Puffer Finance releases roadmap, TGE Q4

• Traderjoe shares future products

• Sony launching Soneium L2 and Astar zkEVM transitioning to it

• Tensorplex Labs introduces Intelligence Chips program

• Morpho Labs starts discussion about token transferability

• Maple Finance announces Q4 MPL>SYRUP conversion

• MakerDAO rebrands to SkyEcosystem & introduces USDS & SKY

• Maple Story Universe unveils NXPC tokenomics

INTERESTING PROJECTS

• Bolt Protocol: Enabling preconfirmations on Ethereum, with proposer commitments

• Soneium: Sony’s L2

• Chainbound: Research & development organization

• World Liberty Fi: Trump’s project

⛓️ CHECKING THE CHAIN WITH TOKEN SENTINEL

In the last few months, a few different on-chain tools have been developed under the Castle Capital umbrella.

One of them is an Alfa scraper based on a Crypto Twitter social graph that helps to identify new crypto projects via their Twitter account creation and a list of smart followers.

Some members of Castle Cap have already used this newly developed scrapper to find some g00d opportunities.

This project: https://x.com/StrawberryAI_5 and its related token ($BERRY) were found very early by some Castle Hunters, thanks to the early signal provided by the Token Sentinel Telegram bot.

The project has since returned a 6x at ATH to early entrants.

🔍️ MARKET WATCH

WHAT’S TO COME THIS WEEK

Chair Powell indicated something in last week's meeting - he said everything the market was looking for.

Bitcoin and the crypto sector might soon reach new highs. Remember, 90% of your feed around you is just noise! and engagement farming…

📈 HTF PRICE ACTION

Gm frens!

No new price developments this week. Price is still going down/sideways. Let’s take a look at the weekly chart to see what’s going on when we zoom out a bit.

• Overall bullish market structure

• Currently consolidating

• Expectation is bullish

So while we have some bearishness right now, it’s important to remember where we are on the bigger picture. My expectation for this market is to reach new ATHs eventually, but I have no idea when or how that’s going to happen (and I might, of course, be wrong too!).

I therefore expect this to be a big re-accumulation and I’m waiting for big money to step in again. Once that happens I will once again be looking to long. But we’re quite far away from that. At least a couple of weeks or even months.

So stay patient and don’t burn your capital by trying to catch a knife.

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

🏰 CASTLE CATCH-UP

I know you’re thinking it… what else did I miss from Castle this week?!

We outlined some of our expected deliverables from our Sei Creator grant, as well as outlining some other creators in the ecosystem.

And Francesco wrote in depth about Stacks (STX) and the Nakamoto Upgrade.

🤝 OUR ECOSYSTEM ALIGNMENT

⚔️ A CALL TO ARMS

Think you have what it takes to enter the Castle and contribute to research and writing in the collective, or maybe you want to invest in and advise projects?

We are always looking for well-connected, talented, or simply hungry contributors that can get involved across a range of activities.

Fill out an application form!

If you made it this far, maybe you deserve a final Easter egg → if you were watching Atomist’s Twitter you would have seen a tease earlier in the week.

We may soon be making our merch available to loyal subscribers and giving many away for free in several ways.

Make sure you donate to our current Gitcoin round to have your wallet tagged for future campaigns!

That’s all for this week gang, please give us a follow on Twitter at @Castle__Cap 🙏 

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.