The Blockchain Bulletin Edition#11

Gm, degens. Things are looking positive. A correction or two should not be reason enough to lose bullish sentiment. Read on for the usual alpha!

Global markets and web3 with ZR

Mercurial personalities and markets

The tariff question looms over all. The August 1 deadline for countries to strike a deal with the US is quickly approaching. Only a few states such as Japan, Vietnam and Indonesia have inked agreements with Washington so far.

Other important partners like the EU and India are close, but experts fear that if the deal is not completed on time, the tit-for-tat tariff war will begin anew. The EU has already hinted at this.

Time is running out, but there are hopeful signs that the US and China are edging closer to a deal. The two powers engaging in a trade war would be disastrous for the global economy in the short term. Hopefully, both will see sense and find a compromise before the deadline passes.

Bitcoin breakdown?

The price breakdown in the past few days after the reports of Trump being named in the Epstein list might have worried some. Longs worth almost $586 million were wiped on just Friday alone. 

However, overall sentiment in the space remains bullish. My Olympus quant tells me that the next key level to watch on the way down is $115,200.

The rest of the crypto market looks bullish for the most part and is holding well, all things considered. BTC bottoming out would be great to see, because that would mean that we all eat good shortly after.

Ethereum holding stronk

The signs are all there for a significant pump and a break beyond previous all-time highs by the end of 2025. Sharplink Gaming (SBET) and Bitmine Immersion (BMNR) are currently involved in a race for who accumulates the most ETH.

This is a lot like when Microstrategy and Saylor started buying BTC regardless of its price. Can we see a move to the coveted 5-digit mark before the end of the year?

Last week, Blackrock joined the list of Spot ETH ETF issuers seeking permission to enable  ETH staking. This would help bring more prospective investors to the table, which is only a good thing for the long-term prospects of ETH. ETH SZN?

Memecoin cooks

There is both volume and attention on the memecoin space right now. Multiple runners have been seen in several metas. AI agents were all the rage early last week; Valentine was a notable cook among others.  

The viral moment when Astronomer’s CEO was caught enjoying himself a little too much at a Coldplay concert turned into a memecoin that also ran up to 3 million in marketcap.

What this tells us is that the right meme can still work, if enough eyes are on it. Since yesterday, Pedro Pascal has been all over CT, but the coin associated with his anxiety has been underwhelming. Keep an eye out for more memes and viral moments to turn into potential cooks.

Polymarket on the mainstage

Polymarket continues to be front and centre of both political discussions and degen gambling narratives. On the political front, the markets for the next US Presidential election in 2028 (for both party and victorious candidate) are already live.

While some may consider this a little too early to ape into the trade, Polymarket has introduced a 4 percent annual yield on shares of the election market, which allows traders to hold long-term bets without worrying about the opportunity cost for 2-3 years.

There have also been reports of Polymarket considering a review on how markets are closed by UMA. There is a need for more transparency on this if the prediction market ecosystem is to be considered trustworthy, especially for new entrants to the game. 

Polymarket’s return to the US through the acquisition of QCEX is also being watched with great interest, because it marks their return to the US market. Could this eventually lead to an Initial Public Offering (IPO)?

NFTs: Solid projects are the best best

New NFT launches are still plagued with serial papering and the failure to last too long in secondary, but there are some old projects that are looking bullish. Now is as good a time as any to enter the Moonbirds ecosystem with both Moonbirds and Moonbirds Mythic pumping.

This comes a couple of months after news of Spencer acquiring them first broke. One can expect Spencer to carry out the Pudgy Penguins playbook with this project. Token launch by 2026?

Rektguy is another good play in the secondary market with its floor going from .5 to .8 ETH in the past week. Currently at .7 ETH, this might be really underpriced considering the Rekt token is at 300 million market cap, and its month-to-month ROI is above Pengu.

Airdrops and farms with Zumbah

The airdrop space has been quiet for a while now. People are either already waiting for coins to drop for the dApps they had been using for months, or for new and interesting projects to drop. 

Meanwhile, Kaito yapping on pre-TGE leaderboards is still ongoing, with most airdrops paying well.

Succinct has launched their Foundation site and X profile, even though more information about the TGE has not been released (the community is, however, excited about the 28th July rumor for the launch of the mainnet).

Upcoming dApps to look forward to

Liquid launched their mobile app for perps gated with invite codes. Liquid’s edge in this space is that they are providing a dex on mobile where other competitors do not. A good model, if you ask me.

Despite Anoma and its team getting fudded for their association with previous scammy projects, we are also seeing increased demand for its gated testnet access codes. 

Plasma's XPL sale has also gone live, along with the announcement of tokenomics. Exciting times ahead.

That’s all for now! Tune in for the next one.