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 the way to promote their crypto, Semler Scientific desires to purchase extra BTC + extra
🍍 Market taste in the present day
Crypto in the present day seems like typing “Google” into Google.
Idk in case 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 inserting their positions, and that normally means we’re on the sting of an even bigger transfer.
Why? As a result of they will’t each win. One aspect’s getting squeezed.
If Bitcoin drops beneath $83K, bulls would possibly begin panic-selling, and bears may brief extra BTC → value goes decrease;
If it jumps above $86K, it’s the other: bears would possibly rush to shut shorts, and bulls may begin shopping for extra → value goes increased.
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? Properly… 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 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 high of that, when Bitcoin dropped beneath $80K final week, mining grew to become much less worthwhile. Because of this, miners offered 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 through the bear market.
That stated, 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 group accomplice of Consensus Toronto 2025 😎
That is one of many greatest crypto, blockchain & Web3 occasions happening this Could.
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 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 – but it surely’s at all times “subsequent quarter”;
Your supervisor retains asking you to lie in stories to make issues look higher;
Todd from accounting microwaves fish each. single. day. Evidently, the stench is prison.
And to illustrate you actually wanna preserve this job – however you simply cannot proceed like this. So what do you even do?
You would complain about it on X… but when Karen from HR sees it… good luck.
Ugh, if solely there was a method to communicate up with out exposing your self…
Girls and gents, welcome to our present: Blockchain Fixes All the things!
In in the present day’s episode: StealthNote – from the devs behind the Aztec Community – which helps you to say what’s improper at your office with out anybody understanding 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 main points.
So now, you may say “hey, Todd, pls cease” with out risking your job or your work relationships.
And it’s not only for places of work – uni college students are posting there too.
Proper now, most posts are chill – folks saying hello, appreciating privateness tech, and many others. However this may very well be large as soon as folks 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 conduct to keep away from being judged or punished. You’d lose the flexibility to simply be your self, mainly.
That is not freedom.
2/ Privateness = order
Take into consideration voting: in case you needed to share who you voted for, folks can bribe or threaten you.
Similar logic applies to any scenario the place somebody’s determination impacts others.
If these choices aren’t protected against outdoors stress, manipulation takes over and the system breaks down.
3/ Privateness = progress
A whole lot of the info wanted for innovation – in healthcare, training, or AI – can’t be collected or shared with out risking folks’s private lives.
For instance, your well being knowledge may assist researchers create higher therapies. 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 preserve management over our knowledge whereas nonetheless utilizing it to construct higher techniques.
So yeah, StealthNote would possibly seem to be a small software 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 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 ponder who may repair that… 😃🫵
Unfold the phrase and be the hero you’re!
🍋 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 corporations 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 consumer 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 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 will probably 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.
