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- TradFi ETH Adoption, Delta-Neutral Airdrop Strat, $SHFL, $COW & More
TradFi ETH Adoption, Delta-Neutral Airdrop Strat, $SHFL, $COW & More
The Castle Chronicle: Volume 57
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👀 What’s to Come in Volume 57
🔑 Key News: Headlines, Exploits, Continued Adoption, DeFi Updates, New Projects & more from CJ
⛓ On-Chain Sleuthing: feature along with Smart Money Moves from Cl
🔥 Hot Narratives from unexployed
📈 Macro Outlook: Simplified Round-up and Implications from Hansolar
📉 HTF Price Action Scenarios: from Vlad
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⚔️ A Call to Arms
Think you have what it takes to enter the Castle and contribute to funding and advising projects across the space?
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🔑 Key News
Major Headlines
U.S. CPI: +3.1% YEAR-OVER-YEAR (EST. +2.9%)
U.S. CORE CPI: +3.9% YEAR-OVER-YEAR (EST. +3.7%)
Franklin Templeton files for spot ETH ETF
Taurus Enlists Lido to Bring Liquid Ethereum Staking to Swiss Banks
Citi Explores Private Fund Tokenization
Genesis Cleared by Court to Sell GBTC Shares Worth $1.3 Billion
Coinbase Upgraded to Neutral Ahead of Earnings at JPMorgan while their earnings exceeded estimates
OpenAI introduces Sora (text-to-video model)
South Korea considering allowing spot BTC ETF
Project Updates
Duelbits exploited for $4.6M
FixedFloat exploited for $26.1M
Backpack announces trading volume as key factor in rank system
Cowswap announced new CowAMM
PrismaFi announces $ULTRA, LRT backed CDP
Paraswap announces Augustus v6 and Portikus
Apecoin DAO to develop ApeChain using Arbitrum tech stack
Shuffle releases SHFL whitepaper
Klaytn x Finschia merger passed
TronDao announces Bitcoin Layer 2 solution
Fraxtal $FXTL point snapshot planned on March 6th
ThorChain cap increasing + 60M RUNE burn proposal passed
Filecoin announced Solana integration
Tensorplex Labs announces $stTAO
Yuga Labs acquires Proof (includes @Moonbirds etc)
Gearbox Protocol launches Eigen Layer leveraged restaking
Ethena launched their beta while ALT airdrop for $TIA stakers and $STRK goes live
Interesting Projects
Humanity Protocol: Human-Centric Blockchain backed by Animoca and Polygon
Ao: Hyper parallel computer
Portikus: Paraswap’s intent-based product
Sentient: Decentralized AGI
Witness Chain: Raised $3.5M focusing on Web3 Ownership and Verifiability
DePHY: Infrastructure for building DePIN apps
cliquid: Customizable restaking protocol
Courtesy of CJ - check out his telegram channel for daily news, projects updates and new releases
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⛓ On-Chain Sleuthing
Crypto Condom Taking Profit on $AIOZ
We called out Condom in previous edition with regards to his acquisition of $AIOZ.
Well, we are here to inform you the women has taken profit on the token and cut his entire position around the 16th of February.
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Condom’s Wallet [only visible for free subs]
GCR boolish on $COW
GCR (or Vivek, whatever you want to believe) opened a position on $COW around the start of the year.
The position is now up over 7x and worth a little over $80k. With the release of Uniswap V4, we could expect even more upside for this project.
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GCR Wallet [only visible for free subs]
Research and analysis by Cl
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🔥 Hot Narratives
Airdrop Corner
Altlayer Claim for TIA Live
You can claim your ALT now if you had TIA staked: https://airdrop.altlayer.io/
Best to claim during the weekends when gas chills the f#$k out…
Optimism Airdrop #4
Huge $OP airdrop to anyone who deployed NFTs on Optimism, Zora, Base, or Ethereum Mainnet.
Check eligibility here.
Linea Park Campaign
Linea continues to milk its users with a new campaign spanning 6 weeks.
Tasks involved can be tedious, but small ones offer easy LXP.
Great opportunity for those who do not have LXP exposure yet.
The easy tasks are:
Nidum, Gamerboom, Galactic Exploration (as per CC2Ventures’ Twitter)
Did you know Linea is a zkEVM rollup and currently is among the cheapest L2s on the market? Best not to fade this one.
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Easy 3-in-1 Airdrop: Orderly x LogX x (HyperLiquidX/IntentX)
This strategy can be done with as little as $100 and will cost around $30-$40 depending on how hard you want to go.
Currently, Orderly and LogX are having a campaign on Galxe: https://galxe.com/orderlynetwork
Rewarding NFTs for turning volume (last NFT is for $50k volume)
We recommend going delta-neutral on two platforms:
Minimizes cost
Easy to reach the volume requirements
Earn the NFT from Orderly
Generate points for LogX and IntentX or HyperLiquidX
You will burn through fees though.
Preparation:
The main Orderly quest is on Optimism or Arbitrum. If you have stables there already you can proceed with depositing. If you have not, bridge some over using Orbiter or Polyhedra (both tokenless).
Deposit USDC on LogX in your Orderly account. Then deposit stables on either HyperLiquidX or IntentX (HyperLiquidX is quite diluted and only yields small amount of points).
Execution:
Onto generating volume. In this example we trade ETH/USD, but you can trade any asset as long as it is supported on both platforms.
Most of the times, the prices of the asset differentiate between both platforms. In essence, you want to long the lowest, and short the highest at the same time! Simply, quickly open a long and short on both platforms, and you are generating volume!
It is a rather simple strategy. Of course, you can also normally trade these, but this is for our fellow farmers with no trading edge.
Close the trades immediately or after a while to make it more sybil proof.
Happy farming!
Narratives
We expect AI to continue to outperform as tech improves (and so will price)
Be sure to scoop up some exposure at the inevitable bull market dip. Eventually, a good dip always presents itself.
Another upcoming narrative are the new breed of alt-L1s: parallelized L1s:
SEI, Monad, Aptos, Neutron, Neon, and Arweave.
These are all building high-performent L1s a la Solana back in the previous cycle.
We recommend scoping out potential leading memecoins on these chains as good exposure (only small amounts ofc).
Memecoins have proven to become very strong bets on emerging chains, but don’t ride them too long.
Courtesy of unexployed
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Use our referral system to spread the word about the Chronicle!
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📈 HTF Price Action Scenarios
Gm frens!
Last week price finally synced up across timeframes and started moving in our expected direction. The move has been quite strong and LTF seemed a bit overextended, which is why I wanted to see a new re-accumulation before jumping into new long positions. Price has broken into new highs and re-accumulated shortly after.
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Expansion out of consolidation
Deep pullback into demand zone
Clear bullish continuation with multiple re-accumulations
While the market is very bullish right now, I would be cautious about taking new long trades here. There were multiple opportunities to get involved earlier. This is where we manage our early entries and take profits on the way up.
To jump onto new longs I would like to see a bigger re-accumulation first, as the R:R simply isn’t there for me right now.
There is such a thing as “overconfirmation” where everyone and their granny can clearly see that the market is bullish. Does that mean it’s going to continue in the same fashion? Rarely. I’d much rather wait to see the setup I’m used to where I know I have an edge. And so should you (NFA).
Trade responsibly and I’ll see y’all next time!
Courtesy of Vlad - trend-based trader and MentFX student
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The Alpha Assembly
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The central hub for anything crypto:
High-level on-chain capital movements
Web3 gaming insights
DeFi research and strategies to give you an edge
Covering everything NFT related: collections, tools ,NFT-fi, you name it
News, alpha, and on-the-pulse-content
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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
🔔 p.s. You can join the Alpha Assembly Telegram channel to receive notifications of our posts and those of our partners!
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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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