🐺Prepping for the Altcoin Run

Macro Alpha from the week:

• Tariff and deportation war with Colombia

  • 25% → 50% threatened 

• $NVDA fell 13%, the largest market cap loss ever on the Deep Seek news

  • Nearly $600 Billion (single largest move in a day)

  • Dragged down the whole market with it, including crypto

    • Until we see a true decoupling, this will always be the case.

      

• Trump moves to tax and tariff other nations instead of our own, to enrich our citizens

  • Says the freshly minted 88,000 IRS agents can be fired or go to the border  

• Cramer almost killed Bitcoin (not actually), just stated massive bullishness

• Visa partners with X to offer direct payment abilities on the platform

  • Plays a big role in creator economy and making digital payments more seamless

• Argentina clear Coinbase to launch crypto services

• Bitwise files for spot $DOGE ETF

• DOGE may be saving the us $1B per day

• Trump plans to invest and Bitcoin and similar crypto’s

  • He’s actively bought more over and over again, his company, World Liberty Financial, leaning heavily into Ethereum as their top asset

• Senator Lummis declares we (America) must take action to solidify our place in the 21st century (we need bitcoin)

• CME will offer Bitcoin options trading

• Fed reserve pauses rate hikes (Jerome Powell bends the knee and gives us permission to be bullish)

  • He stated the economy was “strong” and shows signs of easing, all after Trump went on a tear, stating that if there hadn’t been so much DEI focus, inflation would have been controlled much earlier

• Texas Lt. Gov shows plan for establishing Bitcoin Strategic Reserve

• Powell states he expects to see more progress on inflation

• SAB-21 gets repealed (Banks can now custody crypto)

  • Massive for Bitcoin adoption, as now Banks can custody it for their constituents and hold Strategic Reserves

• TSLA shows that they did not sell any of their $1.2B in Bitcoin in Q4

• Illinois State Rep introduces bill for Bitcoin Strategic Reserve

• Saylor makes Forbes, tries to avoid “the curse”, called the alchemist of Bitcoin 

• Czech Republic approves proposal for Bitcoin as a strategic reserve asset

• EU takes common L and says they won’t utilize Bitcoin

  • “Reserves have to be liquid”

• Grayscale files $XRP ETF 

• SBF’s parents request pardon from Trump

  • As a massive blemish on the industry, he deserves nothing of the sort and it would be a horrible look for Trump to jump in and save him

• 25% Tariffs on Mexico and Canada implemented

• In the process of implementing tariffs on China

  • As of February 1st, (today) tariffs go live

• Trump threatens 100% tariffs if BRICS nations try to replace the dollar

• CZ of Binance confirms EU needs Bitcoin 

  • Trending X post, “Politicians change. Bitcoin doesn’t.”

    

• 10% Tariff on Canada, China, and Mexico go into effect Feb 1

• Meta talks about relocating to TX

  • Implications on AI with how much they have invested into it, no visible profit turned yet, will be interesting to see what Meta’s AI applications offer

• Grayscale files for $DOGE ETF (NYSE)

From the DEGEN corner:

• Abstract went live this week, and has already successfully had 2000+ streams

  • Developed by Luca Netz and the Pudgy Penguins team 

  • Creative platform and L2 for easier account abstraction and onboarding of the masses to Web3 

  • Multiple highly sought after WL mints fired off on Abstract, namely BEARISH.

    

  • The Bearish FP price hovered around 0.05-0.055 after mint for a time, until the team announced some form of collaboration with the Pudgy Penguins (the absolute DAWGS of the space), and something specifically with the $PENGU token.

  • https://x.com/bearish_af/status/1885425513155748024

We have learned time and time again NOT to underestimate Luca, the Penguins, or anything they attach their name to. As the price of these Bears zoomed up to 0.145 ETH (yes, a 3x so far), we will be keeping a very close on their developments.

• Furthermore, both $PENGU and $ME (Magic Eden) token claims are coming to an end. If you participated at all in Ethereum or Solana NFTs since 2020, go see if you have any claimable tokens in your hot wallets, you never know what kind of stimmy you could be getting.

• As many people are embracing the proverbial “trenches” of gambling on memecoins on Solana, those who looking to derisk have been looking toward resources like TradeBionic.

• A company built on ETH that operates a decentralized hedge fund of sorts. The $ONIC token price is based a trading team that trades across 6 ecosystems, and pays out holders 40% of the profit generated each month in a Revenue Share function.

• They have already had 3 green months under the revamped team, 

  • October +7.8%

  • November +10.9%

  • December +2.74%

  • As we write this issue, it’ll be interesting to see how they close out January trades. Their specific fee structure is posted below:

    

    $ONIC Rev Share Structure

• In total Rev Share, they paid out 14 ETH in 2023 to holders.

  

For all the altcoin hopefuls, take heart, Bitcoin is losing dominance against Ethereum, and everything is lining up for the projected Q2 liquidity pump of altcoin tokens. So make your picks well, stand by them, and let the pump come to you!

As always, enjoyed speaking with y’all and talk soon!

V/r,

Noah (Nono) Major

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