🚀 BlackRock Said: "No Dip, Only Pump Now"
PLUS the most important NFT mint of the year!
🗞 Market commentary.
GM, no time to waste.
Bitcoin seems to be unwilling to allow any latecomers to join this ride. Simply put, the longer we consolidate around these prices, the higher the chances of upside continuation.
Forget about bears, though: the TOTAL3 chart, which represents the broader crypto market excluding Bitcoin, Ethereum, and dollar derivatives, is in its own up only mode right now. Additionally, the monthly RSI entered the bullish control zone after a very, very long time. In simple terms, altcoins might have a lot of juice to squeeze, still.
In other news, Swiss exchange Figment is about to provide ETH and SOL staking, Arkham detectives are pointing out that Elon Musk’s Tesla holds about 20K BTC, and redacted Joe Biden types of memes are making waves not only through DEX swaps but also in mainstream news. You know, just another day in crypto.
Lastly, whenever you feel just a little bearish, remember that BlackRock is literally buying their own and other Bitcoin ETFs.
📊 Luke’s Chart of the Day
Two 1D charts today because they work together (sorry, Hix0n!).
$SEIYAN, top tier $SEI beta meme, and below, the $SEI chart, which looks primed for another runup. I’m betting these will run together. My spot bags are packed.
For $SEI, two possible scenarios:
1. We break up from here
2. Back to the mid-range of the channel, then breakout. Liquidity has been taken at the lower trendline, so not likely we go back there, unless, of course, majors dump. Yesterday’s big 1D candle suggests price is ready to break higher.
Top $SEI NFTs like Seiyan & WeBump are also in very short supply (1% listed), suggesting repricing is imminent.
🔥 Degen corner.
It’s time to LARP.
420 NFTs.
420 NFTs that could most likely change your life: but with great power comes great responsibility, fellow ape, and it’s you and only you who decides how to use vast-reaching powers as these.
Alright, enough with the Gandalf talk.
Here’s all the info you need:
Network: Arbitrum
Allowlist mint price: 0.1 ETH
Whitelist mint price: 0.3 ETH
Verify eligibility: https://larp.blocmates.com/
Here’s the timeline you need:
The allowlist mint will run from 12 pm EST on 7th March and will run for 24 hours.
Any allowlist LARPs not minted will move into the whitelist mint, which will then commence at 12 pm EST on 8th March and will run for 72 hours.
Following the conclusion of the allowlist and whitelist mints, any remaining will also be moved to the public auction.
If there’s anything unclear, shoot us a comment under here!
👀 DeFi insights.
The important bits.
Avalanche (L1) - Launched Teleporter to enable interoperability - read
Renzo (LRT) - ezETH is live on Mode Network - read
AIOZ (AI) - Presents own Web3 storage solutions - read
Vector Reserve (LPD) - gVEC is now live - read
Persistence One (LSTs) - Partnership with StarGaze - read
Alpaca Finance (DeFi) - Announces airdrop for PYTH stakers - read
Metis (L2) - Partners with Eigen Layer, Chainlink and more - read
MODE (L2) - Launches restaking with Renzo - read
MadLads (NFT) - Will receive upcoming Portal airdrop - read
Persistence One (LSTs) - Partnership with StarGaze - read
API3 (Oracles) - crvUSD/USD price feed now on the API3 Market - read
Redacted Cartel (DeFi) - Partners with Nexus Mutual - read
Ethena Labs (DeFi) - Secures $4M treasury right after launch - read
Sturdy (Money Market) - Partners with MODE, Renzo - read
📰 DeFi news.
Even more important bits.
BlackRock plans to purchase spot Bitcoin ETFs - read
Pantera is raising funds to buy SOL from FTX estate - read
Bitcoin’s ‘kimchi premium’ hits two-year high in South Korea - read
Gary Gensler compares BTC to a roller coaster - read
Arkham claims to identify SpaceX’s BTC addresses holding nearly 20K BTC - read
🫠 ICYMI.
Life gets busy so here’s what you’ve missed.
Where Crypto meets AI: Uncovering Authenticity Amidst Speculation
Research
With the AI conference just around the corner, we've had Ollie delve into the trenches of the narrative.
🐥 Tweet of the day.
To save you doom scrolling.
🦍 And finally…
Don’t forget to pick up your Wormhole airdrop!
I can only recommend checking up on both your EVM and Solana wallets, most of us active chain hoppers have quite a few tokens to pick up here.
Enjoy and thanks for reading through my favourite crypto people.
much love,
blocmates team 🫡
The crypto catch-up news publication I needed👏🏽