Market - This Week

Monday
• China - Inflation Rate (MAR)
• Australia - NAB Business Confidence (MAR)
• Japan - Consumer Confidence (MAR)

Tuesday
• Eurozone - Retail Sales (FEB)

Wednesday
• US - CPI Inflation (MAR)
• US - FOMC Meeting Minutes
• Canada - BoC Monetary Policy Report

Ethereum - Shapella Upgrade 4/12/2023, 10:27:35 PM UTC

Thursday
• US - PPI Inflation (MAR)
• UK - GDP (FEB)

Friday
• US - Retail Sales (MAR)

Digital Asset Fund Flows - (weekly)

• Digital asset investment products experienced $57m in inflows last week, resulting in a net inflow YTD
• Trading volumes were low at $970m for the week, with global bitcoin exchange volumes at 25% of the YTD average
• The US led the positive sentiment with $27m in inflows, followed by Germany $17m, Switzerland $13m, and Canada $2.2m
• Bitcoin dominated inflows with $56m, or 98% of all inflows, while short-bitcoin saw minor outflows $0.6m
• Seven altcoins, including Uniswap $0.5m, Polkadot $0.4m, and Polygon $0.23m, experienced minor inflows
• Ethereum's Shapella upgrade had minimal impact on inflows, with only $0.6m recorded
• Blockchain equities saw a quiet week, with inflows totaling $2.1m

Elixir Protocol

Market making is crucial for liquidity, trading volume, and stability in DeFi

• Elixir aims to make market making more affordable and accessible through a decentralized protocol
• Elixir V1 offers customizable token bonds and liquidity mining campaigns
• The platform simplifies market making for liquidity providers and aligns incentives
• Elixir uses a hybrid on-chain and off-chain infrastructure
• The project aims to create a permissionless, transparent, and decentralized economy
• Elixir addresses critical bottlenecks in the crypto economy but faces challenges in latency, security, and infrastructure

The testnet is live. As always, the odds are high that early supporters will be rewarded

Market Update

• US March CPI data: 5.0% YoY (vs. 5.1% expected); Core CPI: 5.6% YoY and 0.4% MoM
• 3-month annualized Core CPI change: 5.1%, above the Fed's 2% target
• Disinflation process underway in the US, with energy disinflation seen for the first time since the pandemic
• Market consensus: CPI expected to decline to 2% by mid-2024; over 3% by end of 2023
• Market expectation for a 25 bps rate hike at the next FOMC meeting in May: 70%
• Fed minutes: officials backed 25 bps rate hike but had less commitment for another move in May
• Fed staff projected a mild recession in late 2023, followed by recovery over the next two years
• Fed's focus on cracking the labor market to hit inflation targets
• Sticky inflation, high debt levels, and recessionary pressures challenge the Fed's dual mandate ('stable prices' & 'full employment')

zksync important

• zksync's Twitter account is compromised

Do not interact with any links until the problem is solved.


----------
Update: The problem should be solved now.

Digital IDs in the age of AI

• Dependable human identity needed due to AI advances
• Current identity solutions fall short in verifying humanness
• e.g. Worldcoin offers Proof-of-Personhood (PoP) through biometric data
• World ID protocol uses iris scans for secure, AI-proof identity verification
• Use cases include UBI, governance, voting, and KYC compliance
• Worldcoin faces challenges in hardware distribution, privacy, and wallet limitations

Some ideas contradict the crypto ethos and are therefore questionable.
But the AI developments are exponential and will require a solution.

Do not miss the opportunity

TL;DR of the most important crypto reports of the last week.

Filtered and in one issue. Just for YOU.
You just need 12min to be better informed than everyone else.

This week's issue:

• New Opportunities
• Project with low MC and a x10 potential
• New airdrop opportunity
• Updates
• Key News

Get our new issue of CryptoBullets TL,DR report here: @cryptobullets_bot

You definitely don't want to miss these opportunities.

And congratulations to all who took the information from the last reports and seized the opportunity!
Your altcoin trades should have been successful!

Market - This Week

Monday
• US - Empire State Manf. Index (APR)
• China - Industrial Production (MAR)
• China - GDP (Q1)

Tuesday
• US - Housing Starts (MAR)
• US - Building Permits (MAR)
• Canada - CPI Inflation (MAR)
• UK - Employment Report (MAR)
• Germany - ZEW Economic Sentiment (APR)

Wednesday
• UK - CPI Inflation (MAR)
• Europe - CPI Inflation (MAR)

Thursday
• US - Existing Home Sales (MAR)
• US - Phil. Fed Manf. Index (APR)

Friday
• Canada - Retail Sales (FEB)
• UK - Retail Sales (MAR)

Digital Asset Fund Flows - (weekly)

• Digital asset investments had inflows of $114m last week, marking a 4-week total of $345m
• Majority of inflows were in the US and Germany, at $58m and $35m respectively
• Low trading volumes in Bitcoin market, averaging $5.6bn per day
• Bitcoin remains the main focus with $104m inflows last week and a 4-week total of $310m
• Short Bitcoin positions saw $14.6m inflows last week
• Ethereum's Shapella had minimal impact with only $0.3m inflows
• Altcoins mostly inactive, except Polygon with $2.1m outflows
• Blockchain equities experienced $5.8m inflows; total AUM reached $1.9bn, the highest since October 2022

Market - Update

• Equity market volatility (VIX) reaches a multiyear low, signaling supportive conditions in equity markets
• Bitcoin 1-month implied volatility (BVIV) is also decreasing as the market consolidates around $30,000
• Bitcoin trades with 3.5 times more expected market volatility compared to U.S. equity markets
• U.S. equity market shows strength relative to bonds, with positive correlation between bonds and equities during market downtrends
• Bitcoin outperforms Nasdaq, Gold, S&P 500, U.S. Treasury Bonds, and Crude Oil in both absolute and risk-adjusted returns
• Supply and demand dynamics in the Bitcoin market point to an increasingly illiquid supply, which can react violently to demand changes
• Long-term holder accumulation and spending habits suggest that the Bitcoin market is primed for a lucrative opportunity in the next 12-18 months
• Approximately 366 days until the next Bitcoin halving

Silent Protocol

• Is the first implementation of EZEE on Ethereum, currently live on testnet
• EZEE is a framework aiming to achieve data and functional privacy while retaining dApp composability
• It uses zk-SNARKs for end-user confidentiality in transaction
• Users can anonymously create and fund stealth wallets
• Stealth wallets can be closed and assets transferred back to Silent Core
• 0dapps are simple UIs for interacting with Silent Protocol, integrating with projects like Uniswap or Aave
• A compliance committee is in place to monitor suspicious activity and maintain regulatory compliance

The technology is experimental, and there are inherent risks, including potential vulnerabilities, protocol bugs, and unforeseen attack vectors.

We are now active on Twitter. Follow us, RT and like our posts.

There will be some surprises coming soon.

Our latest tweet:

Bitcoin Stamps

https://twitter.com/cryptoBLTS/status/1649383894758588416?s=20

Crypto Wallets

Wallets such as Metamask generate a lot of revenue, but there is a lack of users in the crypto industry.

Overview:

• Traditional Hierarchical Deterministic (HD) Wallets: Known for their single private key vulnerability, these wallets are the standard in the crypto world (e.g., Metamask and Coinbase Wallet).

• xNFT Backpack: A new spin on traditional wallets, allowing programmable apps as xNFTs to run natively through the wallet.

• Smart Contract (SC) Wallets: These wallets store user account management logic in a smart contract, enabling programmability and better user experience.

• MPC/TSS Wallets: Multi-party computation and threshold signature schemes offer improved security and flexibility in key management, as well as better cross-chain compatibility.


Is there an opportunity for x10-x100?

More here:
https://twitter.com/cryptoBLTS/status/1649806907987640320?s=20

Get ready for this week's CryptoBullet TL;DR!

We've done the heavy lifting and sifted through the crypto chaos to bring you the most crucial information in one concise issue.

Get your CryptoBullets TL,DR report here: @cryptobullets_bot

This week's issue:

• 2 Low MC Projects with a Possible Profitable Opportunity
• Protocols
• Bitcoin and Altcoin Market Trends
• Updates
• Key News


If you thought last week's Low MC project picks were impressive, wait until you see what's in store for this week's issue. Don't miss out on the latest hot picks - grab your CryptoBullets TL,DR report here: @cryptobullets_bot

Market - This Week

Monday
• US - Dallas Fed Manf. Index (APR)
• Germany - Ifo Business Climate (APR)

Earnings Reports: Coca-Cola

Tuesday
• US - New Home Sales (MAR)
• Australia - Inflation Rate (Q1)

Earnings Reports: Microsoft, Alphabet, Visa, Pepsi, McDonald’s, UPS, Verizon, Raytheon, General Electric, General Motors, Chipotle

Wednesday
• US - Durable Goods Orders (APR)
• Germany - GfK Consumer Confidence (MAY)

Earnings Reports: Meta, Boeing, ServiceNow, Hilton, Ebay

Thursday
• US - Jobless Claims
• US - GDP (Q1)
• US - Pending Home Sales (MAR)
• Japan - BoJ Interest Rate Decision

Earnings Reports: Amazon, Mastercard, Eli Lilly, Merck&Co, AbbVie, Unilever, AstraZeneca, Amgen, Intel, Caterpillar, Capital One Financial, Activision, Pinterest, Snap, Cloudflare

Friday
• US - PCE Inflation (MAR)
• US - Personal Income (MAR)
• Germany - Inflation Rate (APR)
• Europe - GDP (Q1)

Digital Asset Fund Flows - (weekly)

• Digital asset investment products faced $30m outflows last week, ending 6 weeks of inflows
• Outflows began when Bitcoin hit $30,000, likely due to profit-taking
• Profit-taking mainly occurred in North America ($54m outflows), with Germany showing optimism ($29m inflows)
• Bitcoin experienced $53m outflows after a 4-week $310m inflow streak
• Ethereum saw $17m inflows, signaling increased confidence after Shapella upgrade
• Inflows were exclusive to Europe for Ethereum
• Polygon had US$1m inflows, becoming the 4th largest in AuM after Solana ($0.74m inflows)

EigenLayer & Opportunity (free)

On Twitter we posted a short tweet about EigenLayer.

How you can participate in the testnet and qualify for a possible airdrop.

Check it out, RT and like the tweet: https://twitter.com/cryptoBLTS/status/1650837666038968321?s=20

Holograph

• Is a multichain tool for web3 creativity, enabling creators to mint, sell, and bridge NFTs across multiple networks
• The protocol maintains data integrity as NFTs move between networks and supports Ethereum, Polygon, Avalanche, and BNB Chain
• Holograph's approach eliminates the need for "wrapped" NFTs, maintaining an NFT's data integrity across chains
• This enables new use cases, such as minting on cost-effective chains and multichain marketplaces
• Holograph has facilitated over 130,000 "holographable" NFT smart contract deployments since its mainnet alpha launch in January 2023
• Has introduced multichain open editions called Holograph Drops

Bonsai (Optimistic L3 scaling solution by Lens Team)

• An Optimistic L3 scaling solution, processes Polygon transactions off-chain to achieve hyperscale and reduce transaction costs
• Bonsai nodes can be run by anyone, and the goal is to have multiple nodes validating and submitting publications
• Submitters and verifiers play crucial roles in the Bonsai ecosystem, maintaining accountability and trust
• Bonsai allows for signless, gasless transactions and supports lazy minting for tokenization
• Bonsai Explorer helps users find and verify Bonsai transactions and monitor throughput speed
• Lens Protocol aims to be a flexible social layer stack for web3, addressing challenges in decentralized social networking

Bonsai offers significantly increased throughput and reduced costs, making it easier for people to control their content while enjoying the ease of use they expect from traditional social networks. Bonsai is another step of the Lens team to make decentralized social suitable for the masses and to take away the complexity of blockchain technology from the end user.

Replicated Security - Cosmos Hub

• Cosmos Hub introduces Replicated Security (RS) to provide shared security between provider and consumer chains, lowering the barrier to entry and promoting growth
• RS works by sending messages between chains using the Inter-Blockchain Communication Protocol (IBC), with provider chains receiving a percentage of consumer chain gas fees
• Cosmos Hub achieves Practical Hub Minimalism by minimizing working features and focusing on security, generating revenue from consumer chains
• RS faces challenges like limited validator capacity, uneven revenue distribution, and high operational costs, which need to be addressed for scalability and sustainability

Developments

• Neutron blockchain proposes to use Cosmos Hub's Replicated Security for its security needs, receiving near-unanimous support
• If approved, Neutron would be the first to use this shared security feature
• Voting ends next week
• Cosmos Hub would receive 25% of transaction fees, MEV, and 7% of Neutron tokens

Market-Update

• Slowing GDP and persistent inflation in the U.S. and eurozone spark debates on policy response
• U.S. GDP growth at 1.1% in Q1 2023, below the 1.9% forecast
• Core PCE price index at 4.9%, driven by tight labor market and 3.5% unemployment rate
• Market expects 25 basis point interest rate hike at the Fed's May 3 meeting
• Stagflationary scenario continues as economists predict 0.2% GDP growth in Q2
• Eurozone officials discuss "greedflation," caused by corporate profits and widening margins; ECB struggles to maintain 2% target
• Jerome Powell prank call raises questions about human control of economic systems