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đŸșThe comeback is always greater than the setback

How one of the largest heists in history (via Bybit $1.4 hack), and other negative sentiment flipped bullish with the weekend developments

Hey, The WOLF Crypto Newsletter! We will cover everything in the Crypto world, from breaking news, price updates, market analysis, and our opinions on specific topics. This is all made possible by @WOLF_Financial and the team.

Let’s get into it!

If you felt like the above meme, going from the middle of this last week and now surging off the bullish news of the weekend, you’re not alone!

What was supposed to be the “Golden Fabled BullRun” has been anything but that so far. Every single weekend has been an absolute blood bath of bad news, except for this last one. Essentially, the uno reverse card got dropped, and the week was horrible, but the weekend sure did fix things.

Going into Friday, Bitcoin was down 14%, Ether was down 15% (hey not bad, on a BTCD ratio right?) and the market was generally hurting (other than $NVDA of course!). Even gold was down some (who even buys that anymore when you can buy digital gold that doesn’t cost to store, doesn’t cost to transport—well, hardly, you don’t have to pay for security, it’s significantly more divisible (without using your handy-dandy backyard smithy), and it can be sent across the world in seconds—yes! You guessed it! Le’ Bitcoin!). Anyhow, I digress. I will say, I didn’t know until this last week talking to one of my clients that you can actually drop the 8% sales tax on Jewlery if you bring in gold bullion to swap for it (good news for all you sugar-daddies out there!), which can be a massive discount on fine jewelry). $800 in sales tax is nothing to blink at!

A lot of this general crypto and even tradfi weakness seems to come from a lack of knowledge from the general public on how and where to position themselves. How the heck are we supposed to make money right now? Well, long term there is absolutely a case to be made for $BTC of course, but it tends to want to go up or down but it sure hates to stay put (even though it did at $93K for a while).

As Michael Saylor says, “Volatility is a gift to the faithful. It scares away the tourist, it scares away the lazy, it scares away the people that are already conventionally rich that have all the money.” True bitcoiner’s have seen this as an absolute blessing, and blessing it was! Bitcoin crashed (yes, crashed, isn’t that funny?) to $78,940 USD, only to blast back into the 90’s with strength after President Trump reiterated just how important crypto is to the United States.

Previously, you would have only been up this last week had you been in $MKR or $TIA. Now we have other narratives like the classic RWA play $ONDO (Joshua Jake’s favorite) to boot! It breathed on $0.89 before it announced its partnership with Visa and blasted to a whopping $1.16. Don’t look across the board though for gains as Bitcoin mining company Cleanspark $CLSK was down -16% when the German markets got access to it tonight off of the revitalized Strategic Reserve talks.

What specifically helped heal the ailing crypto markets you ask? Boom! Bullet-pointed some things for you below:

  • The Security and Exchange Commission dropped 6 crypto-native cases, namely Coinbase and Uniswap.

  • 11 states introduced Bitcoin-related bills

  • Even with $2.3 billion liquidated in just 24 hours on the Friday before, March still might shape up to be a bullish month

  • NFT Paris united jpeg lovers while the true builders (I warn you, I’m biased) went to Denver, CO for ETH Denver.

  • And of course, the best cash-flowing crypto hedge fund is waiting to post it’s % growth for Revenue Share (paid out in $ETH monthly to its holders). Will keep you posted on exactly what $ONIC shares this next week!

Sometimes, all you need is patience for the market to correct. Don’t overleverage yourself, but also don’t risk a lack of exposure to the most dynamic industry in the world that you wake up to and work in every day. Without further ado:

Illegitimi non carborundum

Thank you for subscribing to the WOLF Crypto Newsletter. We will be releasing an issue every week.

-Noah (Nono) Major

Referrals to be aware (farming):