Update Base

- LeetSwap has been exploited.
- This has an impact on projects (atm most memeshitcoins) on Base.
- Liquidity will leave the network and return to ETH (as soon as the official bridge is opened).

It will take time for Base to recover from this situation.
We are observing and monitoring everything closely. More updates to come.

Bitcoin Update

- Bitcoin is showing an oversold bullish divergence on the 4hr timeframe.
- BTC has retested the bullish trend, crucial for market health.

As mentioned in the last TL;DR issue, $28.4k was an important support for BTC.
So far, BTC is following the short-term path from the TL;DR. Congratulations to all who traded this move.

The poll has provided valuable insights into your preferences, and we will incorporate them into our research to ensure there is something for everyone.

If you are interested in Mid-Risk, High-reward, Long-term positions, we recommend reading the Altcoin GEM Report 2.
It features several projects that align with this category.

The Altcoin GEM Report 2 is available for a few days only, so make sure to grab it while you can.

Get it for FREE as a monthly subscriber: @cryptobullets_bot

Starting now, we will release a monthly list of potential GEMs for our monthly subscribers, categorized based on different risk levels. This way, everyone can find opportunities that align with their preferences and risk tolerance.

High-risk, high-reward, short-term positions are primarily featured in our weekly TL;DR issues.

Tomorrow, we will release a new Altcoin Market Update for our monthly subscribers.
If you're interested in getting insights into the Altcoin Market outlook for the upcoming weeks/ months, make sure not to miss this update.
Let's conquer the next bull run together!

Join us: @cryptobullets_bot

Thanks,
The Alchemic One (TAO)

Litecoin's block subsidy was halved from 12.5 LTC to 6.25 LTC, marking the network's third halving since 2011.

The next Litecoin Halving will be in 840,000 blocks (~ July 30th 2027).

Seven Ether Futures ETFs have been filed (6 Issuers)

Update Base (just announced)

- Base mainnet launching on August 9th

- Official Base bridge is now online

The Altcoin Market Outlook is now online

You are currently in a very comfortable position.

Don't miss this opportunity and explore the potential that lies ahead.

Stay informed and joining us: @cryptobullets_bot

Thanks,
The Alchemic One (TAO)

p.s.: The Altcoin Gem Report 2 is still online for monthly subscribers. So you get a huge package of information today.

Market Update

- The U.S. Treasury plans to issue $1T in debt in Q3 2023, pressurizing the bond market.
- The S&P 500 broke its 47-day no 1% down day streak due to rising bond yields.
- Bitcoin maintains low volatility around $30,000 amid potential Binance fraud charges.
- MicroStrategy may raise $750M for more Bitcoin buys.
- Probability for a U.S. spot Bitcoin ETF launch this year raised to 65% by Bloomberg analysts.
- Bitcoin market expected to continue consolidating in 2023, with bullish outlook for 2024.

Safety Note

We have observed an increasing number of scammers using wallet generators to copy the first and last letters & numbers of a wallet.

Example:
- Scammers send you dust transactions to get the address to show up in your wallet
- Now the last transaction looks like a wallet address you know (first & last characters)
- If you are now not paying attention and select this address you will send the funds to the scammer

Many wallets show only the first and last characters of a wallet.

🐳 wallets are often targeted

Forward this info to your crypto friends.
Stay safe and don't get scammed.

The next week is going to be exciting.

As promised in the last update for the monthly subscribers, we will not miss the coming L2 narratives.

Next week, we will focus on analyzing projects on two Layer 2 solutions for you.
At the beginning of the week, we will publish an update with a list of potential gems based on the narrative.

Don't miss these opportunities and join us: @cryptobullets_bot

In the meantime, enjoy the new CryptoBullets issue.
In this issue, you will find potential gems and opportunities.

Enjoy your Sunday.

Thanks,
The Alchemic One (TAO)

Digital Asset Fund Flows - weekly

- Saw $107M outflows this week due to profit-taking.
- Bitcoin experienced the largest outflows (since March) at $111M.
- For the first time in 14 weeks, there were no outflows into short bitcoin.
- Altcoins showed signs of improvement and inflows

PayPal is launching a stablecoin named PYUSD, backed by US dollars and fully issued by Paxos Trust Co., with the aim to facilitate instant, cost-efficient transactions without a central intermediary.

Read more: https://twitter.com/cryptoBLTS/status/1688537519640412161?s=20

MakerDAO Update

- DAI holders can earn 8% yields via Spark Protocol.
- MakerDAO increases DSR rates to retain market share.
- Spark Protocol plans to be a subDAO in the future.
- Part of MakerDAO's "Endgame" roadmap

TVL increased from $58M to $276M in 2 days.

The results of the recent poll were clear. Starting from this Friday, we will be publishing a filtered list of new projects every week.

And tomorrow, we will be publishing a Bitcoin update for our monthly subscribers, along with a list of potential short-term narrative plays.

Make sure you don't miss it and join us: @cryptobullets_bot

Thanks,
The Alchemic One (TAO)

Valio (SocialFi Sector)

- Omnichain asset management platform for seamless trader-investor interaction.
- Allows portfolio managers multi-chain access, fee setting, and community fostering.
- Uses CPIT feature to prevent unauthorized transfers or pump-and-dump schemes.
- Aims to make vault manipulation costlier than potential gains.
- Supports automated exit strategies: stop-loss, take-profit, and CPIT.

Despite a 12% drop in stablecoin supply in 2023 (supply falling since mid-2022), PayPal's entrance and regulatory shifts signal a potential resurgence in adoption and oversight.

The SEC is seeking an interlocutory appeal in the Ripple Labs case, aiming to challenge the court's summary judgement order that stated certain XRP transactions were not securities offerings under SEC v. W.J. Howey Co., with proposed briefing scheduled for August 18th.

To monthly subscribers

The Bitcoin Update and The Base Chain Update with possible opportunities is online.

Don't miss opportunities and join us: @cryptobullets_bot