Plus: China’s promoting seized crypto abroad
GM. The juicer’s jammed, the blender’s damaged, and the charts are dripping – seems like one other regular day.
🤫 Aztec Community devs launch StealthNote.
🍋 Information drops: China’s making an attempt to determine easy methods to promote their crypto, Semler Scientific needs to purchase extra BTC + extra
🍍 Market taste at this time
Crypto at this time appears like typing “Google” into Google.
Idk in the event you see what I imply, however the market’s obtained that very same misplaced vitality.
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 inserting their positions, and that often means we’re on the sting of a much bigger transfer.
Why? As a result of they will’t each win. One facet’s getting squeezed.
If Bitcoin drops under $83K, bulls may begin panic-selling, and bears might brief extra BTC → value goes decrease;
If it jumps above $86K, it’s the alternative: bears may rush to shut shorts, and bulls might begin shopping for extra → value goes larger.
In the meantime, CryptoQuant analysts say that whales have slowed down their promoting. In February, they have been promoting as a lot as 800K BTC per day – now, they’re nearer to 300K BTC every day.
Good progress? Properly… sorta. As a result of that does not imply they’re shopping for.
Matter of reality, they really lowered their holdings by 30K BTC over the previous week, and their month-to-month accumulation charge – 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 under $80K final week, mining grew to become much less worthwhile. In consequence, miners offered 15K BTC final Monday – their third-largest sell-off this 12 months.
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 mentioned, analyst Michaël van de Poppe thinks that so long as Bitcoin stays above $80K, there’s nonetheless a good shot at a rebound.
So for now, we wait.
🧃 Juicy announcement
BitDegree’s formally the neighborhood accomplice of Consensus Toronto 2025 😎
That is one of many greatest crypto, blockchain & Web3 occasions happening this Might.
Wanna come? Use code BITDEGREE for 20% off your ticket!
Declare your spot!
🥝 Memecoin harvest
The clown automotive of crypto pulled up – and the passengers arrived with gainz 🤡
Knowledge 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 increase for months – and also you labored your a** off for it – however it’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. For sure, the stench is felony.
And for instance you actually wanna preserve this job – however you simply cannot proceed like this. So what do you even do?
You may complain about it on X… but when Karen from HR sees it… good luck.
Ugh, if solely there was a option to converse up with out exposing your self…
Girls and gents, welcome to our present: Blockchain Fixes Every thing!
In at this time’s episode: StealthNote – from the devs behind the Aztec Community – which helps you to say what’s incorrect at your office with out anybody realizing it’s you.
How? Zero-knowledge proofs.
Principally, the app makes use of your organization Google login to create a cryptographic proof that you simply work there – with out revealing your identify or e-mail.
It’s like displaying an ID that solely says “I’m sufficiently old,” with not one of the private data.
That’s zero-knowledge: proof, minus the main points.
So now, you’ll be able to 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 severe issues.
This complete 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 flexibility to simply be your self, principally.
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.
Identical logic applies to any scenario the place somebody’s determination impacts others.
If these selections aren’t protected against outdoors strain, manipulation takes over and the system breaks down.
3/ Privateness = progress
Loads of the information wanted for innovation – in healthcare, schooling, or AI – can’t be collected or shared with out risking individuals’s private lives.
For instance, your well being knowledge might assist researchers create higher remedies. But when that knowledge may very well be traced again to you, you most likely wouldn’t consent to share it.
Privateness tech lets us preserve management over our knowledge whereas nonetheless utilizing it to construct higher techniques.
So yeah, StealthNote may seem to be a small instrument for venting about your bizarre coworkers. However 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 may actually learn our minds sometime, that is the form of safety we’re going to wish.
Now you are within the know. However take into consideration your mates – they most likely do not 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 are attempting to make some further money by promoting off crypto they seized in authorized instances. Since crypto buying and selling is banned in China, they’re working with personal 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 mentioned that no person wallets have been touched.
🤝 KiloEx, a decentralized buying and selling platform, obtained hacked for $7.5M and is now tryna get it again. They’re providing a deal: return 90%, and preserve the opposite 10% – about $750K – as a “thanks for locating the bug” reward.
🚀 Semler Scientific, a healthcare tech firm, is planning to lift as much as $500M – and a few of it is going to 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.
