Plus: China’s promoting seized crypto abroad
GM. The juicer’s jammed, the blender’s damaged, and the charts are dripping – appears like one other regular day.
🤫 Aztec Community devs launch StealthNote.
🍋 Information drops: China’s attempting to determine easy methods to promote their crypto, Semler Scientific desires to purchase extra BTC + extra
🍍 Market taste right now
Crypto right now looks like typing “Google” into Google.
Idk in the event you see what I imply, however the market’s received that very same misplaced power.
Bitcoin’s been caught in the identical boring $83K – $86K vary for the previous few days.
However in keeping with dealer Daan, each bulls and bears have been putting their positions, and that normally means we’re on the sting of a much bigger transfer.
Why? As a result of they’ll’t each win. One facet’s getting squeezed.
If Bitcoin drops beneath $83K, bulls would possibly begin panic-selling, and bears might brief extra BTC → value goes decrease;
If it jumps above $86K, it’s the other: bears would possibly rush to shut shorts, and bulls might begin shopping for extra → value goes greater.
In the meantime, CryptoQuant analysts say that whales have slowed down their promoting. In February, they had been promoting as a lot as 800K BTC per day – now, they’re nearer to 300K BTC every day.
Good progress? Effectively… sorta. As a result of that does not imply they’re shopping for.
Matter of truth, they really decreased their holdings by 30K BTC over the previous week, and their month-to-month accumulation price – which exhibits how briskly they’re including cash – dropped from 2.7% to 0.5%, the slowest it’s been since February 20.
On prime of that, when Bitcoin dropped beneath $80K final week, mining grew to become much less worthwhile. Because of this, miners bought 15K BTC final Monday – their third-largest sell-off this yr.
Put all that collectively, and… investor temper, in keeping with CryptoQuant’s Bull Rating Index, has been bearish for 58 of the final 60 days. The final time we noticed a streak this miserable was again in September 2022 throughout the bear market.
That stated, analyst Michaël van de Poppe thinks that so long as Bitcoin stays above $80K, there’s nonetheless an honest shot at a rebound.
So for now, we wait.
🧃 Juicy announcement
BitDegree’s formally the neighborhood associate of Consensus Toronto 2025 😎
That is one of many greatest crypto, blockchain & Web3 occasions taking place this Might.
Wanna come? Use code BITDEGREE for 20% off your ticket!
Declare your spot!
🥝 Memecoin harvest
The clown automobile of crypto pulled up – and the passengers arrived with gainz 🤡
Information as of 06:30 AM EST.
Try these memecoins and lots extra right here.
Think about your self working at a spot the place:
You’ve been promised a elevate for months – and also you labored your a** off for it – but it surely’s at all times “subsequent quarter”;
Your supervisor retains asking you to lie in experiences to make issues look higher;
Todd from accounting microwaves fish each. single. day. Evidently, the stench is legal.
And for instance you actually wanna maintain this job – however you simply cannot proceed like this. So what do you even do?
You possibly can complain about it on X… but when Karen from HR sees it… good luck.
Ugh, if solely there was a technique to converse up with out exposing your self…
Girls and gents, welcome to our present: Blockchain Fixes Every thing!
In right now’s episode: StealthNote – from the devs behind the Aztec Community – which helps you to say what’s mistaken at your office with out anybody figuring out it’s you.
How? Zero-knowledge proofs.
Mainly, the app makes use of your organization Google login to create a cryptographic proof that you simply work there – with out revealing your title or e mail.
It’s like exhibiting an ID that solely says “I’m sufficiently old,” with not one of the private data.
That’s zero-knowledge: proof, minus the small print.
So now, you possibly can say “hey, Todd, pls cease” with out risking your job or your work relationships.
And it’s not only for workplaces – uni college students are posting there too.
Proper now, most posts are chill – individuals saying hello, appreciating privateness tech, and so forth. However this may very well be large as soon as individuals actually begin utilizing it to name out critical issues.
This entire factor ties into what Vitalik Buterin, Ethereum’s co-founder, wrote about a few days in the past: privateness isn’t simply good to have – it’s important.
He explains it with three details:
1/ Privateness = freedom
If each transfer you made was seen to the general public, you’d begin shaping your habits to keep away from being judged or punished. You’d lose the power to only be your self, mainly.
That is not freedom.
2/ Privateness = order
Take into consideration voting: in the event you needed to share who you voted for, individuals can bribe or threaten you.
Similar logic applies to any state of affairs the place somebody’s determination impacts others.
If these selections aren’t shielded from exterior strain, manipulation takes over and the system breaks down.
3/ Privateness = progress
Loads of the information wanted for innovation – in healthcare, training, or AI – can’t be collected or shared with out risking individuals’s private lives.
For instance, your well being information might assist researchers create higher therapies. But when that information may very well be traced again to you, you in all probability wouldn’t consent to share it.
Privateness tech lets us maintain management over our information whereas nonetheless utilizing it to construct higher programs.
So yeah, StealthNote would possibly seem to be a small instrument for venting about your bizarre coworkers. Nevertheless it’s really a part of a a lot greater motion to defend the essential proper to say one thing true with out paying a private value for it.
And in a world the place AI would possibly actually learn our minds sometime, that is the form of safety we’re going to want.
Now you are within the know. However take into consideration your folks – they in all probability don’t know. I’m wondering who might repair that… 😃🫵
Unfold the phrase and be the hero you realize you might be!
🍋 Information drops
💰 Some native governments in China try to make some additional money by promoting off crypto they seized in authorized circumstances. Since crypto buying and selling is banned in China, they’re working with non-public firms to deal with the gross sales abroad.
⚠️ Somebody hacked a ZKsync admin account and used it to mint round $5M price of unclaimed ZK tokens. ZKsync stated that no person wallets had been touched.
🤝 KiloEx, a decentralized buying and selling platform, received hacked for $7.5M and is now tryna get it again. They’re providing a deal: return 90%, and maintain the opposite 10% – about $750K – as a “thanks for locating the bug” reward.
🚀 Semler Scientific, a healthcare tech firm, is planning to boost as much as $500M – and a few of it will likely be used to purchase extra BTC.
👋 Ethena Labs, the group behind USDe, is shutting down its operations in Germany. This comes simply weeks after German regulators identified some points with the stablecoin.
