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 methods to promote their crypto, Semler Scientific needs to purchase extra BTC + extra
🍍 Market taste at the moment
Crypto at the moment seems like typing “Google” into Google.
Idk for those who see what I imply, however the market’s acquired that very same misplaced power.
Bitcoin’s been caught in the identical boring $83K – $86K vary for the previous few days.
However based on dealer Daan, each bulls and bears have been inserting their positions, and that normally means we’re on the sting of an even bigger transfer.
Why? As a result of they’ll’t each win. One aspect’s getting squeezed.
If Bitcoin drops under $83K, bulls may begin panic-selling, and bears may brief extra BTC → value goes decrease;
If it jumps above $86K, it’s the other: bears may rush to shut shorts, and bulls may 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 day by day.
Good progress? Nicely… sorta. As a result of that does not imply they’re shopping for.
Matter of reality, they really diminished their holdings by 30K BTC over the previous week, and their month-to-month accumulation price – which reveals 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 turned much less worthwhile. In consequence, miners bought 15K BTC final Monday – their third-largest sell-off this 12 months.
Put all that collectively, and… investor temper, based on 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 group associate of Consensus Toronto 2025 😎
That is one of many largest crypto, blockchain & Web3 occasions happening 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 🤡
Knowledge as of 06:30 AM EST.
Take a look at these memecoins and many 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 studies to make issues look higher;
Todd from accounting microwaves fish each. single. day. Evidently, the stench is legal.
And for instance you actually wanna hold this job – however you simply cannot proceed like this. So what do you even do?
You could possibly complain about it on X… but when Karen from HR sees it… good luck.
Ugh, if solely there was a technique to communicate up with out exposing your self…
Girls and gents, welcome to our present: Blockchain Fixes All the things!
In at the moment’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.
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 exhibiting an ID that solely says “I’m sufficiently old,” with not one of the private information.
That’s zero-knowledge: proof, minus the small print.
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 on. However this may very well be enormous as soon as individuals actually begin utilizing it to name out critical 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 only be your self, principally.
That is not freedom.
2/ Privateness = order
Take into consideration voting: for those who 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 choice impacts others.
If these selections aren’t protected against exterior strain, manipulation takes over and the system breaks down.
3/ Privateness = progress
Quite a lot of the info 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 may assist researchers create higher remedies. But when that knowledge may very well be traced again to you, you in all probability wouldn’t consent to share it.
Privateness tech lets us hold management over our knowledge whereas nonetheless utilizing it to construct higher techniques.
So yeah, StealthNote may look like a small device for venting about your bizarre coworkers. Nevertheless it’s truly a part of a a lot larger motion to defend the fundamental 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 type of safety we’re going to wish.
Now you are within the know. However take into consideration your folks – they in all probability do not know. I’m wondering who may repair that… 😃🫵
Unfold the phrase and be the hero you recognize you might be!
🍋 Information drops
💰 Some native governments in China are attempting 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 corporations to deal with the gross sales abroad.
⚠️ Somebody hacked a ZKsync admin account and used it to mint round $5M value of unclaimed ZK tokens. ZKsync stated that no consumer wallets had been touched.
🤝 KiloEx, a decentralized buying and selling platform, acquired hacked for $7.5M and is now tryna get it again. They’re providing a deal: return 90%, and hold 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 staff behind USDe, is shutting down its operations in Germany. This comes simply weeks after German regulators identified some points with the stablecoin.
