📈 Short-term realized price of Bitcoin holders has reached $59,800!

Historically, when $BTC reached this level during an uptrend, rebounds often occurred. However, a drop below this mark could trigger significant price corrections for Bitcoin 🟠

💎 Gem Hunters

💎 New Project on the Radar - Napier Finance

Napier is akin to Pendle in the Curve ecosystem. Pendle is known for its farming activities in restaking projects, while Curve is the leading protocol for stablecoin exchange. In the pre-seed round, they raised $1 million in investments from B Dash Ventures, Fracton Ventures, and others.

Let's get down to the action:
🖤 Visit the website and connect your wallet.
🖤 Then head to the Quest tab and complete tasks.
🖤 Invite friends.
🖤 Join the project's discord and show activity.

Currently, only the first stage (chapter) of tasks is available. You just need to connect your wallet and Twitter, then retweet.
The other stages will be available later. They will invite you to provide liquidity, trade PT/YT tokens, and so on.

At the moment, 3% of the total NPR token volume is allocated for the drop. If the total locked value (TVL) exceeds $1 billion, 5% of the total token volume will be allocated for the drop. Currently, there are 100 thousand wallets registered in the project, which isn't too many considering the simplicity of the first stage tasks.

💎 Gem Hunters

💰 Scroll Rolls Out Update - Transactions Become Cheaper

This morning saw the implementation of an update from Scroll called the Bernoulli Upgrade, accompanied by a reduction in chain fees. Currently, the fee on the official bridge at 9 gwei stands at $0.25, while transactions on the DEX are priced at $0.3-$0.4. Although this is far from the promised 10x reduction, working has become more comfortable.

However, it's worth remembering not to attempt to lower gas in the network through MM settings if you don't want your transaction to get stuck...

🤓 Due to the decrease in expenses, an increase in competition among drop hunters is expected, as Scroll previously deterred competitors with its high price.

💎 Gem Hunters

💻 Adding Liquidity to Elixir and Reaping Rewards

Elixir is a protocol that provides liquidity to DEXes with order books, allowing users to trade at the best prices and avoid large price spreads. Projects like Hyperliquid, DYDX, Vertex, Orderly, Bluefin, and many others already utilize Elixir.

🔄 The project is valued at $800 million and has raised $17.6 million from Amber Group, Arthur Hayes, Mysten Labs, NGC Ventures, and others.

How can you earn from this? 🤔
They currently have a program called The Elixir Apothecary, where you deposit liquidity and farm potions that reflect your contribution to the project.

🖤Visit the website and connect your wallet and social networks.
🖤 Click "Mint elxETH" and deposit at least $100 in ETH (this is the minimum deposit).
🖤 Invite referrals.

Before the mainnet launch in August, elxETH deposits will be locked but will receive a 50% bonus on potions. Potions will appear 48 hours after the deposit.

💎 Gem Hunters

📊 Cryptocurrency funds lose funds for the third week in a row

CoinShares' report on financial flows into crypto products over the past week shows an outflow of funds for the third week in a row, reaching a total of $435 million. This outflow is the largest since March this year.

🟠 BTC - outflows totaled $423mln.

🟣 ETH - outflows totaled $38mln.

🔵 Altcoins saw an inflow of $7mln

💎 Gem Hunters

🚀 Joining the Promising Testnet by Eclipse

ℹ️Eclipse is building the fastest Layer 2 Ethereum using the Solana virtual machine, allowing developers to harness all the benefits of dedicated bandwidth without any drawbacks. The project has raised $65 million from Polychain Capital, Placeholder Ventures, Hack VC, and others.

What to do:

🖤 First, you'll need to download the Eclipse wallet on Google Chrome.
🖤 Head to GitHub and download the archive, then enable developer mode and load the extension
🖤 Claim test $ETH on the Sepolia network
🖤 Transfer $ETH to the Eclipse network via the bridge
🖤 Make swaps and provide liquidity on Invariant
🖤 Trade on OpenBook
🖤 Don't forget about Discord and stay active there.

A promising project with significant investment from top funds, a strong Twitter presence. Mainnet launch is imminent, and there may be a drop or the testnet could serve as an additional multiplier. Given that activity without investment is available, it's not recommended for low banks to skip out.

💎 Gem Hunters

❤️ BlackRock and Fidelity currently have 428,108 BTC worth over $27 billion for their spot BTC-ETFs

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💎 A Bridge That Will Surely Reward Users

A fairly old project DeBridge has been operating since 2021, in the seed round the funds put in $5.5mn, there will likely be more rounds before TGE.

Recently, they launched a points system that will be converted into tokens. Currently, you can earn 100 points for every $ burned.

🖤 To start earning rewards for yourself, visit the website, bridge, and farm points.

An important note: points count towards fees, not volume.

We recommend not to miss out on this opportunity. By spending just ~$50 on fees, you can immediately enter the top 10% of users, providing a very promising prospect for receiving nice rewards.

💎 Gem Hunters

😃 Layerzero takes a stand against Sybils

Just half an hour ago, LayerZero rolled out an article proposing that Sybils surrender for 15% of their intended drop.

➡️ You can read the full article here.

Examples of what they consider Sybil activity in LayerZero:

🟢 If you're a single entity with tens, hundreds, or thousands of addresses engaged in industrial farming.
🟢 If you've created a "priceless" NFT just to move it between networks.
🟢 If you've used popular apps for "Sybil farming," such as Merkly, L2Pass, L2Marathon, etc.
🟢 If you've been transferring $0.01 back and forth between networks just to touch the network.
🟢 If you think you might be a Sybil, chances are you are.

If you consider yourself a Sybil, you have two options:

1. Surrender and receive 15% of your planned distribution. The deadline for this is May 17. You can also surrender other Sybils for 10%.

2. If you're already marked by their system, there will be no drop for you.

🏳️ You can surrender here - sybil.layerzero.network

💎 Gem Hunters

Layerzero possible Eligibility checker

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📈 Today the market is in the green, with most coins showing gains. BTC is trading around $63,100, while ETH is around $3,110.

⭕ Fear/Greed Index: 56 - neutral
📈 Longs/Shorts 24h: 51.1% / 48.9%

🗞 Important news you might have missed:

📍 Grayscale's Bitcoin ETF sees its first inflow since losing billions in January.

📍 Arthur Hayes predicts that Bitcoin is poised for sustainable price growth.

📍 Argentina has taken steps towards legalizing crypto under a comprehensive law.

📍 Tether intends to verify the legality of all USDT transactions on the secondary market in partnership with Chainalysis.

💎 Gem Hunters

Movement update

The project has launched Galxe campaign, with simple dailies.
Don't miss it, because lately projects take into account activity on galxe when giving out airdrop.

💎 Gem Hunters

Top 7 coin unlocks for next week

Aptos - $102.91M
Internet Computer - $43.02M
Karate Combat - $29.66M
Masa - $27.80M
GMT - $23.68M
DAO Maker - $13.25M
Oasys - $10.17M

💎 Gem Hunters

😎 TON and BASE are the most attractive networks at the moment

🚀 TVL + 43% per month in TON
🚀 TVL + 24% per month in BASE

🌐 At the same time, most other networks have lost TVL volumes. For example: SOL - 12%, Polygon - 10%, BSC - 9%

💎 Gem Hunters

Notcoin has added a page on CoinMarketCap 👀

Will there be a listing this week?

💎 Gem Hunters

🤖 Collect Free Coins from NEAR!

🖤 Difficulty - Easy
🖤 Costs - None

ℹ️ HERE Wallet - an app from the NEAR project on Telegram. HOT token - as claimed by the team, it's an important element for the development of the NEAR ecosystem within Telegram. Recently, they announced that the wallet will work not only on the NEAR network but also on Ethereum, Base, Polygon, TON, Solana, and other blockchains. In other words, the wallet is becoming multi-chain, and the utility of the HOT token is increasing.

How to start mining HOT?
• Go to the bot.
• Create a wallet and save the seed phrase.
• Once you're in your wallet, look for the "Claim your First Hot" tab and click Claim. You'll receive your first 0.01 HOT, and your mining will be activated.

• Then simply visit Storage every 2 hours and claim your HOT. But not earlier, because if you claim too often, you'll consume all the Gas.

We know the project has been around for a while, but considering that free mining continues and the wallet keeps progressing in development, we believe it's not too late to start. Skipping this opportunity is definitely not advised, especially for newcomers.

💎 Gem Hunters

🙂 Get Early Access to the New SocialFi - Kiosk!

ℹ️Kiosk is a fresh project aiming to blend social activity with blockchain. It's in its earliest stages, yet it's already backed by a whopping $10 million from the folks at top fund a16z, making it incredibly intriguing.

What's the drill?

• Click the link
• Mint NFTs
• Stay tuned for announcements

This NFT grants us early user status and future access to their platform, and as we know, projects often generously reward their beta testers.

💎 Gem Hunters

😎 Don't miss the drop from Initia!

✍️ Difficulty - medium
🪙 Costs - no investment required

ℹ️ Initia is a modular platform for connecting blockchains, allowing developers to create L2 chains based on any VM. They've raised $7.5 million from Delphi Digital, Hack VC, and others, with undisclosed investment from Binance Labs as well.

What's the plan?

• Go to Galxe
• Complete available tasks + quiz (answers: B, C, B, C, B, B, B, C, B, D)
• Try to snag roles on Discord

Another early-stage project with solid investment, and most importantly, Binance is on board. We recommend not skipping this opportunity, as we have a chance to become early users. And don't ignore the roles on Discord; they could provide some tasty rewards.

💎 Gem Hunters l Chat

Brian stated that only 6.67-13.33% of addresses will be able to get AirDrop from LayerZero🚬

LayerZero CEO stated that almost half of the addresses have only made one transaction and out of 6 million participants only 400,000 - 800,000 wallets are real people, the rest are owned by multi-hackers.

After May 18, LayerZero will publish a “list of multiackers” and most likely they will get nothing.

Earlier, LayerZero offered drophunters to voluntarily surrender and get 15% from their farm. Also, LayerZero employees were banned from receiving drops.

💎 Gem Hunters l Chat

☄️ Participating in Bitfinity testnet

✍️ Difficulty - medium
🪙 Cost - no investment

ℹ️Bitfinity is a Bitcoin scaling network built on ICP and compatible with Ethereum. Funds such as a16z, Polychain, ParaFi invested $7 million in the project. The project is valued at $130 million.

What should be done?

- Add the Bitfinity test network to Metamask
- Claim test tokens
- Do swaps and add liquidity.
- Complete as many Galxe jobs as possible.

Activity is as light as possible, tyr-1 funds on board, in tokenomics 20% is allocated to community, so - do not skip.

💎 Gem Hunters l Chat