Market (Update) - FOMC in 30 min

• FOMC rate hike/cut decisions today at 2 pm ET, with 85% odds for a 25bps rate hike; expect market volatility during the press conference
• Russia to use Chinese yuan instead of USD for trade with Asia, Africa, and Latin America, hinting at a slow shift in global reserve currency dynamics
• ARB airdrop approaching, with OTC markets likely creating a short-term price floor and reducing potential selling pressure upon launch (tomorrow)
• Arbitrum active addresses surge in anticipation of ARB airdrop, with DAO treasuries receiving 1.1% of the supply
• Sushi and Head Chef Jared Grey served with an SEC subpoena, prompting a proposal for a Sushi DAO Legal Defense Fund, which may cause bearish price action for Sushi in the coming days

---------

ImmutableX

• Immutable partners with Polygon to launch Immutable zkEVM, a L2 scaling solution for NFT gaming
• zkEVMs offer compatibility with Ethereum Virtual Machine (EVM), enabling easy migration of smart contracts to ZK-style scaling
• Immutable zkEVM will optimize web3 game development, providing excellent UX to players and flexibility for developers
• The new L2 could become the dominant gaming L2 in the Polygon ecosystem and the broader cryptoeconomy
• $ IMX token will be upgraded to serve as the gas token for transaction fees on the new L2
• Several games already operate within the Immutable ecosystem, providing a rich gaming scene ahead of the zkEVM launch

Regulation (Update)

• Coinbase potentially facing legal battle with SEC
• Alleged violations of US securities laws
• Lawsuit could set crypto industry precedent
• Clarification on digital assets as unregistered securities possible
• Coinbase Chief Counsel and CEO welcome court defense
• SEC sues Justin Sun, founder of Tron blockchain
• White House report questions digital assets and blockchain value
• Calls for greater regulation of crypto sector
• CBDCs and NFTs excluded from White House definition of crypto assets
• Potential benefits acknowledged in corporate and government DLT experiments


-> Not your keys not your money. Keep only what is necessary on exchanges.

zkSync Era Mainnet Alpha

• zkSync Era's zkEVM Mainnet is NOW open for everyone to use
• Has undergone extensive testing, security audits, public contests, and bug bounties to ensure its security
• Will remain in Alpha while being battle-tested in a live production environment
• zkEVM is designed to be future-proof, with features like:

-> Native account abstraction
-> Powerful LLVM compiler
-> Data compression
-> Hyperscalability (L3)

• zkSync Era aims to enable mass adoption of cryptocurrencies by providing a secure, scalable, and user-friendly solution


-> It might be profitable to test zkSync (airdrop). But remember, it is still the alpha version.

Opportunity (Insider Info)

There are rumors that METAMASK plans to take a snapshot of users' transactions on March 31, 2023, for their upcoming $ MASK drop scheduled to launch in Q1 2024.

While this information is not confirmed, it may be worthwhile to prepare accordingly.

To be eligible, users must have completed four transactions with a trading volume of $1,000 or more.

Please note that transactions between wallets will not count, and swapping or bridging must be done through METAMASK and not other services.

To those who seized the opportunity last week and utilized our information, a massive congratulations!

This week, the action continues!

We're unveiling projects worth watching! With low market caps and a booming narrative for the ecosystem, you don't want to miss them!

Market overview and everything important from this week.

Our NEW issue of the Crypto Bullets TLDR is available at @cryptobullets_bot

Market Update

Digital Asset Fund Flows - (weekly report)

• $160M inflows into digital asset investment products, largest since July 2022
• Turnaround after 6 weeks of $408M outflows
• Inflows driven by concerns about traditional finance sector stability
• US $69M, Germany $58M, and Canada $26M show notable inflows
• Bitcoin sees $128M inflows, considered a safe haven by some clients
• Short-bitcoin records $31M inflows
• Ethereum suffers $5.2M outflows for 3rd consecutive week, possibly due to Shanghai upgrade
• Most notable altcoins inflows: Solana $4.8M, Polygon 1.9M, and XRP $1.2M

__________

This week

Monday
• US - Dallas Fed Manufacturing Index (MAR)
• Germany - Ifo Business Climate (MAR)

Tuesday
• US - CB Consumer Confidence (MAR)
• US - Wholesale & Retail Inventories (FEB)

Wednesday
• US - Pending Home Sales (FEB)
• Eurozone - ECB Meeting

Thursday
• US - Jobless Claims
• Germany - Inflation Rate (MAR)
• China - NBS Manufacturing PMI (MAR)

Friday
• US - PCE Inflation (FEB)
• US - Personal Income & Spending (FEB)
• Canada - GDP (JAN)
• Eurozone - Inflation Rate (FEB)

Bitcoin & Zero-Knowledge Proofs (ZKPs)

• ZeroSync Association (28th March 2023 - Switzerland)
• Goal: bring ZKPs to Bitcoin
• ZeroSync has created a prototype that can verify Bitcoin consensus rules using zk-proofs (2022)
• Users can validate Bitcoin's network state without downloading the blockchain or trusting third parties
• ZeroSync will develop and maintain open-source software for ZKPs on the Bitcoin blockchain
• ZeroSync SDK will allow developers to easily generate custom validity proofs for their use cases
• Initial focus is on fast initial block download (IBD) and implementing the first full proof of Bitcoin consensus

-> The technology aims to improve decentralization guarantees and enable new applications for Bitcoin
(ZeroSync received sponsorship from Geometry Research and StarkWare Industries)

Sound .xyz - Sound Swap

• Sound Swap, a web3 music project, combines DeFi and NFTs to create a new way for musicians to reach audiences and optimize earnings
• It uses a bonding curve approach, allowing for ongoing liquidity for NFT drops
• Musicians earn 95% during the primary sale phase, secondary mints 7.5% to the artist, 2.5% to Sound, and 90% to the drop's liquidity pool
• Sound Swap simplifies user experience for both creators and collectors while optimizing artist reach and earnings
• Sound Swap could become a replicable distribution model for various types of collectibles beyond music

-> There was no music NFT hype yet
-> Still no real competitor to a web2 solution
-> The developments should be watched, platforms like Spotify are exploring ways to connect to the web3
-> Early adopter opportunities could arise

Bitcoin network

• Bitcoin network hash rate reaches all-time high of 350 EH/s, up 36.7% YTD
• The surge in hash rate is due to more machines coming online at profitable price points
• Public miners such as Marathon Digital Holdings, Riot Platforms, and Cipher Mining Technologies have significantly expanded
• Miner rig imports into the U.S. in January may have contributed to the hash rate expansion
• Public miners make up approximately 20% to 25% of total network hash rate
• Three-month hash rate growth is at a staggering 53%
• Mining stocks have outperformed bitcoin in 2023 due to factors such as volatility and market capitalization
• Hash price is used as a gauge for investment into the mining market


ps.: Congratulations to all CryptoBullets buyers, who used the information from the last sunday report and bought RDNT before it was on Binance.

The report is still online and there is more to discover: @cryptobullets_bot

Get it before it's gone next Sunday.

Kava Blockchain (Update)

• New DeFi applications on Kava have caused deposits to soar by almost 80% to $350M since March 1, leapfrogging Solana in (TVL)
• The surge is due to new applications Mare Finance, a lending protocol, and Équilibre, a decentralized exchange
• Mare Finance has driven over 80% of Kava's TVL growth, with users depositing over $130M since the beginning of the month
• Mare Finance can earn $280,000 worth of KAVA per month starting in April through the Kava Rise Incentives Program, which will be distributed among MARE stakers
• The success of these applications is a vindication of the ve(3,3) model and has revived the entire EVM chain of Kava

Little reminder for tomorrow

Avoid being tricked by April Fool's News tomorrow.

We saw that last year and the year before.
It is always the same.

Prices pump and dump even faster.

Uniswap v3 License - Reminder

• Expires today (1st April)
• Making the protocol completely free to be forked by developers
• Uniswap v3 code will be available for anyone to use without restrictions
• The main difference between Uniswap v3 and v2 is the introduction of concentrated liquidity, improving capital efficiency for liquidity providers


-> Expiration enables developers inside and outside the Ethereum ecosystem to use Uniswap v3 code to deploy their own DEXs
-> New projects using v3 will emerge (opportunity for quick plays possible)
-> Older projects will upgrade to v3


Example: PancakeSwap, plans to release v3 in April, speculated to be developed using Uniswap v3 protocol

What could be the next x100 narrative?

We take our commitment to providing profitable investment opportunities seriously. In the past weeks, we have shared projects that have yielded impressive profits in the short term for those who acted on them.

We congratulate all those who took advantage of the information and secured gains.
Your success is a testament to our dedication to helping you make informed decisions in the crypto world.

As we continually elevate the quality of our reports and insights, we're excited to show you an upcoming narrative as a bonus in our latest NEW TLDR issue.

A narrative that brings the crypto space a big step forward when it comes to mainstream adoption.

Get ahead of the game and secure your position early before the buzz grows. You don't want to miss out on the potential rewards by waiting for everyone to start talking about it.

Get all information in our NEW issue of the Crypto Bullets TLDR report here: @cryptobullets_bot

Digital Asset Fund Flows - (weekly)

• Digital asset investment products saw inflows of $2.5M, with trading volumes falling 33% from the prior week
• Bitcoin sentiment remained supportive, with $8.8M inflows and $2.5m outflows from short Bitcoin
• Ethereum outflows ($2.8M) and short-Ethereum inflows ($0.5M) indicate concerns for the Shanghai upgrade
• Trading volumes on trusted exchanges dropped 61%, suggesting less participation in the crypto market
• Regionally, Germany saw $21M inflows, while the US $12.4M, Canada $3.9M, and Switzerland $1.5M experienced outflows
• Bitcoin's total assets under management reached their highest level since June 2022, at $23.5BN
• Altcoin flows were mixed, with XRP and Polygon seeing inflows and Binance and Polkadot experiencing outflows
• Investor concerns surrounding the Shanghai upgrade are likely tied to enabling un-staking and yield distribution

BTC/ ETH - Overview Unlocks

Mt. Gox Claims
• 142.000 BTC, 143.000 BCH and 69.000.000.000 JPY
• BTC price is up 45x (from $623) since Mt. Gox customers lost access to their funds
• Creditors must decide by April 6th whether to stay in litigation or receive a lump sum payment by October 31st
• Those choosing immediate payouts can receive about 90% of the collectible amount
• The two largest creditors, Bitcoinica and MGIF, have opted for the lump sum crypto payout (70% BTC, 30% cash JPY)

U.S. Government Auctions - Seized Silk Road BTC
• The US government sold 9,860 BTC and plans to sell the remaining 40,816 in four tranches throughout 2023
• March 7th, 9,860 BTC linked to Silk Road were moved to Coinbase
• Associated wallet BTC: bc1qf2yvj48mzkj7uf8lc2a9sa7w983qe256l5c8fs

Shanghai/Capella - Staked ETH Withdrawals
• The upgrade on April 12th will allow withdrawals of staked ETH for the first time, making nearly 18 million ETH liquid
• About 46% of staked ETH is already liquid due to liquid staking tokens
• About 8.2 million staked ETH (45%) are in profit
• Exit and withdrawal queues -> upper bound on ETH unstaked between 50,000 ETH - 60,000 ETH

Voyager Liquidation
• Bankrupt brokerage/lender Voyager Digital has about $173 million in non-stablecoin crypto remaining, with $87 million in ETH
• The liquidation process is uncertain and dependent on the ongoing bankruptcy case

Opensea Update - Airdrop

Congratulations to all who have taken the opportunity!

If you bought an NFT on Gem before March 31 '23, you’re eligible to claim the ‘Gemesis’ NFT.
It's OpenSea's first step to get more market share back.
(Not a token, but it's not yet eliminated, that more will come.)

You can claim it here: https://opensea.io/collection/gemesis/drop

If you have used several wallets as recommended in the report, then you can claim with each wallet and sell or hold it.

Key features OpenseaPro:
• Live Cross-Marketplace Data
• Aggregates 170+ marketplaces
• Advanced Orders
• Powerful Inventory Management
• Instant Sales
• Optimized Gas Fees
• Mobile Compatibility

If you are looking for more opportunities or narratives, get our latest Sunday Crypto Bullets TLDR report here: @cryptobullets_bot


It is speculated that there is more to come because OS users have not yet been rewarded.

Liquidity Book

• Is an advancement in Automated Market Maker technology developed by the Trader Joe team
• It uses a dynamic function for liquidity provision, improving price discovery and benefiting both liquidity providers and traders
• Unlike traditional AMMs, Liquidity Book arranges liquidity into discrete bins with specific prices, increasing efficiency and flexibility in yield farming
• Has a variable fee model to incentivize liquidity providers and protect them during high volatility
• Key differences between Liquidity Book and Uniswap V3 include the use of bins instead of ticks, different approaches to price impact, and flexibility in managing liquidity positions
• Helps mitigate the issue of Impermanent Loss through its variable fee model



Joe V2.1

• Trader Joe is launching an upgraded version, Joe V2.1, optimizing gas fees and adding new features
• Auto-Pools, native vaults for automatic liquidity distribution, will be introduced in V2.1, simplifying complex liquidity strategies for users
• The Pool Party, an on-chain raffle event, will promote the launch of Auto-Pools
• Joe V2.1 will enable customization of strategies using native limit orders and Permissionless Pools for new LB pools
• The formal upgrade to Joe V2.1 is imminent as developers have recently merged related commits
• Trader Joe is positioning itself as a competitor to Uniswap V3 with concentrated liquidity support

Rumors suggest a fee switch for Joe V2 pools may soon be turned on, potentially driving significant cash flows to the JOE token and catalyzing growth.

ENS Name Wrapper (EP 3.5 proposal)

• ENS Name Wrapper system: offering more flexibility and functionality for domain management
• EP 3.5 proposal executed, upgrading key ENS smart contracts, including the Name Wrapper system
• Users can convert ENS subdomains into ERC1155 NFTs and set various ownership levels by burning "fuses."
• Fuses impact the relationship between names and subdomains and determine their permissions and transferability
• Names can exist in various states (e.g., Unregistered, Unwrapped, Wrapped, Emancipated, Locked), each defining the level of control and transferability
• The new Name Wrapper system brings extensive customizability for managing domain names
• Potential use cases include bulk creation of subdomains, dropping wrapped NFTs into wallets, and new flows for selling or renting subnames
• The Name Wrapper is live on the mainnet (user-friendly management interface launching soon)


-> The upgrade will open up new possibilities for holders, projects and communities.
But the way of interaction and implementation still needs to be simplified so that it is easier to understand and to use.

EigenLayer

• Enables ETH stakers to restake their ETH in Ethereum smart contracts to secure various projects, including middleware, L1s & sidechains
• Zero marginal cost of capital, incentive alignment with Ethereum, and faster middleware innovation
• EigenLayer's first product, EigenDA, increases Ethereum's data bandwidth from 80 KB/s to 15 MB/s
• Validators can use EigenLayer for credible commitments, streamlining Ethereum upgrades without hard forking
• EigenLayer synergizes with Ethereum, enhancing the value of staked ETH and promoting protocol-aligned services

EigenLayer’s launch is set to take place in three separate stages for maximum efficiency and user experience.
The stages will be staggered to ensure the team can focus on each group of participants and make the process as seamless as possible.

Update

• Testnet for the first stage of the EigenLayer protocol is live
• Supports liquid and native restaking

Remember: Early supporters and testers are often rewarded

SushiSwap Important

• Exploited RouteProcess02 contract
• Sushi's RouteProcessor2 contract has an approval bug
• Looks like people are affected that used SusiSwap in the last 2 weeks (could be longer)

Revoke approval on all chains to be on the safe side but make sure it is the right website!

Unleash your crypto potential with this week's Crypto Bullets TLDR report:

- Uncover the critical takeaways from the week's most impactful reports
- Stay ahead of the curve as we reveal exclusive hints on Bitcoin's next strategic move
- Explore the hidden potential of altcoins
- Relive the pulse-pounding highlights from the past week's crypto events and prepare for next one

Seize the moment and arm yourself with the knowledge to make confident decisions in the ever-evolving crypto landscape. Don't let the opportunity slip away!

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