natoil42.eth 🐨🌌 (@natoil42) • Hey
Crypto native, web3 wanderer, DeFi chemist and metaverse voyager.
Empirical reality can be operated by streams of bits and chains of blocks.
Publications
- 2024 will go down in history as crypto's breakthrough year
The great echo received by Trump's words on supporting crypto have made it clear to Biden administration that they appeal to a portion of the electorate that cannot be ignored. This seems also to be the reason behind the SEC's U turn on the Ethereum ETFs approval.
Now from the White House comes another surprising statement: it is “eager to work with Congress” to develop a "balanced regulatory framework” for crypto.
- Current situation.
- My mom: You’ve seen the future!?
Me: The NOW mother! The future and the past! All at once, all the same!
(Bitcoin made a textbook maneuver, confirming with a retest the support at 66,700 coming out of the green band and touched the highest band of the three pinpointed on Apr 16)
- Gamification is one of the most effective engagement strategy, and by far the most used strategy in web3. How many times have you happened to "link" one of your accounts (mostly X and Discord) to complete a task and receive points for that airdrop?
You probably don't even pay attention to it, however these are well-known and reliable brands anyway, right?
Wrong.
It's easy to forget that when you authorize an app, you are also authorizing people. People whose current intentions and future temptations you are unaware of, and whose security focus you do not know about. People, who may themselves be victims of distractions or scams.
And when you DM that secret number, document or picture, it is easy to forget that you have authorized others to read all your private conversations!
[🧵1/2]
- TIME SENSITIVE.
🚨 Bitcoin seems to have every intention of breaking upward the 66,700 intermediate resistance, if it succeeds (even better if it retests support), then the next target is 70k!
PS: Since the approval/denial of the Ethereum spot ETFs is May 23, $ETH price action may be a bull trap.
➡️ Read all my past analyses: https://x.com/natoil42/highlights
- 🐂 Has the bull market resumed?
❎ TL;DR: Not yet.
Notice how the key levels bordering the 🟩 green (60760~62790) and 🟥 red (64750~66700) bands we placed on Apr 16 still act as attractors and repulsors for the price action.
🏊🏻♂️ These two bands also mark the lower half of the channel in which we have been swimming since Feb 1st, having a strong support at 60200 and a strong resistance at 71400.
Before moving out of this lateral phase, price will first have to break firmly into the upper half, where we will most likely see further bottom and top retests.
🚩 However now that the market is confident about the 60k support, on weekly timeframes a bull flag is consolidating, reinforced by the cautious but steady increase in Bitcoin adoption by banks (hedge funds and now pensions as well!) and institutions (ETFs are becoming part of more complex strategies).
➡️ Read all my past analyses: https://twitter.com/natoil42/highlights
https://twitter.com/natoil42/highlights
- “Notcoin doesn't pretend to be something”.
⚠️ $NOT will be listed tomorrow, but if you missed the airdrop you have until May 27 to get a free share by following some quick steps:
1️⃣ Download and sign for a Telegram account if you don't have one;
2️⃣ Get the Telegram Wallet by joining to the official (watch out for the blue tick!) bot, @wallet, and complete the KYC (takes less than five minutes);
3️⃣ Once completed, you will find the wallet in the Settings, within which you will also have the option to create a second, non-custodial wallet, called “TON Space”, which is recommended for interacting with most of the Dapps in the TON ecosystem;
4️⃣ Join the NOT bot: https://t.me/notcoin_bot?start=rp_37911228 ;
5️⃣ Purchase $ 3 to $ 100 TONs, or if you don't want to, you can just borrow them at https://evaa.finance/ ;
6️⃣ Deposit them via “Wallet Earn” (a second KYC is required, also very rapid) - there is no lockup period!
🪂 This way until May 27 you will accumulate $ 5NOT for every $TON deposited.
🎱 In addition, ByBit launchpool opens tomorrow, and you can get another share of $TON by stacking $TON or $USDT.
🎟️ And if that's not enough, buy a voucher at https://getgems.io/notcoin
- “Notcoin doesn't pretend to be something”.
🤯 For me, $NOT coin will go down in history as one of the most memorable and iconic meme coins ever.
It is the first meme coin for $TON, the chain developed by Telegram and one of the most bullish L1s of this year.
Launched with an ingenious zero-cost marketing campaign (because “nothing is impossible”), it quickly reached popularity (over 35M people) through word of mouth.
The slogans and philosophy around its name are disruptive, as is its airdrop criteria, which was based on the number of taps users made on a bot channel. On the surface a stupid thing, but in essence this is one of the most democratic ICOs ever!
In addition, Telegram, a social network with over 1.5 billion total users, integrates an in-app wallet that makes it as easy as possible to buy, hold, and use $TON and $NOT (as well as $USDT and $BTC).
➡️ Read the instructions for the airdrop in my next post!
- If GameStop was tokenized, no one could stop the game.
Youtuber "Roaring Kitty" was one of the key players in the mass phenomenon that led $GME shares of the collapsing GameStop to skyrocket over +2800%, fueled by the cascading short squeeze of Wall Street trading firms — until the Robinhood app blocked any further buying.
He was silent after that event, until yesterday, when he posted an image of a player straightening up in his chair, signaling that the game is getting serious.
GameStop $GME shares surged again, to over 110%, but trading has been continuously halted as short sellers were losing about $ 1 billion.
Now, this is what happens in traditional finance when capital moves faster than big equity funds can predict and control.
DeFi is about to change all that, shifting control again from corporations to people, because if $GME shares were tokenized on the ethereum blockchain, as is already the case for several RWAs and funds (famous case BlackRock's recent $BUIDL listing), then no one would be able to stop the game.
- Bitcoin price action challenge!
If you know someone who has made a better prediction, please tag them below ⬇️
Mine is under my profile 😎
- A crypto ATM in Lugano. Here you can withdraw and deposit fiat for crypto in a completely anonymous and legal manner.
What a cutting-edge country 🇨🇭
- On May 4 we noted that a continuation on the 52 SMA would have been necessary to avoid being trapped again in the 60,200~71,400 channel, but on May 6 the movement went right to stop at the key level of 65.400.
Although the daily trend is characterized by decreasing highs and lows, I believe that a bottom was reached at 58k the May 1, which we already figured on April 25.
At the moment, however, the simple averages indicate a continuation of the downward movement toward 60,200, where there will be the most important test of whether to break towards new lows or confirm the current ranging channel.
Be careful!
- 🤔 The technological challenges to implementing a metaverse are huge, and many not yet feasible. But support for solving them could come from the very innovations by on-chain projects rather than from industry giants.
🤯 Aethir is one such project, which by implementing a DePIN of Aethir Edge GPU devices, would provide end users with the necessary computing power the minimum delay. The challenge here would be to make ultra-low latency sync of all nodes possible. If they succeed it would really be a turning point for the metaverse.
🪂 For me this is a really interesting project and one to follow, (and what better time than now given the upcoming airdrop?)
https://airdrop.aethir.com/home?referralCode=KLHjdLcwaDn5WgrhaBod
- 📢 Second day in a row of inflows for Grayscale's Bitcoin ETF ($GBTC): May 6, +$ 3.9M ! ✅✅
- As expected in the April 25 BTC price action commentary, on April 30 there has been a sudden push downward through green zone, which started a retracement below 58k.
Fortunately, demand held back the move, and data announced by the FED on May 1st brought the price back above the critical $ 60,200 threshold, effectively setting up a false break down.
The unexpected news of positive flows on the Grayscale ETF ($GBTC) on May 3rd triggered a pump through the key Fibonacci levels (0.5, 0.618, 0.786 and 1) again giving rise to another hourly Golden Cross at the time of writing.
The most bullish continuation, to avoid being trapped again in the 60,200~71,400 channel, would be to see momentum follow the 52 SMA and break the key level around 65.400, thus forming a springboard for a subsequent attempt to reach the previous local highs.
- 05 May 2024, $GBTC: +63M
- “Mr. 100 Bitcoin” (who - despite popular belief - is not a billionaire but is actually Upbit, a South Korean DEX founded in 2017) continued to stack multiple 100 $BTC per block even though May dip.
Is “Mr. 100” more bullish than you?
- I minted a @floor brick — celebrating building your onchain home on mobile 📲 brick by brick 🧱
(DM me for an invite code to join Floor, my favorite NFT portfolio tracker!)
https://www.floornfts.io/pdp/pack/06a9d506-d493-48e4-af65-0ade5d34a7d6
- 📢
@yugalabs
CEO Greg "Garga" Solano spoke today at the first Otherside Town Hall event, confirming collaboration with Improbable, MSquared, and announcing the integration of Somnia, the L1 blockchain for Metaverse Computing, as well as a rewards program for BAYC, MAYC, KODA, and Otherdeed stakeholders. Otherside's ODK will be publicly available soon! 🚀
- GM Farcaster! 💜 Your Phaver posts now reach not only the 50k active Phaverians and the rest of Lens but also Farcaster, bringing posts the highest reach in all of Web3! 🔥
Let's update Phaver from App/Play store, and restart once. Make your first Phaver cast, the Supergraph fuses everything in one post! 🚀
And that's not all! Here's what's new in Release 7.3.0:
🔹 Added: Lens Momoka/Onchain quota to My Accounts page
🔹 Added: Character length indicator while posting, bottom right
🔹 Added: Protocol badges are added to posts and comments
🔹 Added: Protocol and level badges are added to profile avatar on feed, comment and other user lists
🔹 Added: Custom feed filter to quick filter row
🔹 Improvement: Filter out KOL Communities from Holder Communities
🔹 Fixed: Comment navigation bug
Keep Phavering! 🦄
- Bitcoin does not make press conferences, doesn't change its monetary policy 8 times a year, does not need to respond to reporters.
And that's good.
- 😳 Shocking announcement from Rabby wallet today: all gas fees will be covered «prioritizing users who actually need».
News has been verified and confirmed, and is already working for many users
- Aethir is building a scalable distributed GPU cloud infrastructure for Gaming & AI. Snapshot date for the airdrop will be revealed soon! There are 6 community badges and 4 tasks badges to collect
Are you in?
https://airdrop.aethir.com/home?referralCode=KLHjdLcwaDn5WgrhaBod
- 📢 Today the Eigen Foundation announced $EIGEN, the Universal Intersubjective Work Token, complementing ETH as the Universal Objective Work Token in EigenLayer.
🎟️ Check your Stakedrop on https://claims.eigenfoundation.org, and claim starting May 10th!
LRT season has begun 🤯
https://claims.eigenfoundation.org
- 💥 BlackRock's first natively Ethereum fund (BUIDL) crossed the $ 350M AUM mark
Do you think Larry Fink is more bullish than you?
- Ethereum ETFs got their first ticker (EZET), listed by Franklin Templeton on the Chicago Board Options Exchange!
As was the case with the Bitcoin ETF, this does not mean SEC approval, only that in case the markets will be ready.
- 🚨 Another bank bites the dust
https://www.reuters.com/business/finance/us-regulators-set-seize-republic-first-bancorp-wsj-reports-2024-04-26/
- Do you know Layer3? It's a web3 platform where you can learn to earn and build up your onchain identity.
Where to start? Now that Bitcoin Halving is completed, take your time to celebrate and review the fundamentals 😉
https://app.layer3.xyz/v2/collections/celebrating-bitcoin
- Are you still too bond to the old Metamask to switch to the innovative Rabby_io wallet, but would still like to be able to save on Ethereum gas fees by broadcasting them only when they fall to the set threshold? Check out GasHawk, an RPC node which can do this job for Metamask users
https://www.gashawk.io/
- @lens/dollowen @lens/poolboy Proof that Phaver 💜🦄 is my #1 web3 social! But I need your help to quit X! Keep developing the best environment around! 💪🏼
- Americans!!! 💪🏼🇺🇸 Financial freedom is at stake! ⛓️💥
https://bitcoinmagazine.com/markets/fbi-warns-americans-against-using-non-kyc-crypto-money-transmitting-services
- Yay!! 💜🦄 🆙
- After seeing a golden hourly cross following #halving, #bitcoin's price action failed to test the breakout of the red range, and this of course meant downward pressure towards the lower (green) range of the 60,200~71,400 channel where the market have been burning long and short since 8 weeks.
Now pay attention to what will happen after the entry into the green range, a sudden push towards the downward break could start a retracement below 58k, while if rejected above, it could keep in range and maybe succeed in breaking towards the previous highs.
The 2021 all time high, net of cumulative rate of inflation (15.3%) still seems months away (80k).
- 📢 US DOJ has arrested Founder and CEO of the popular #Bitcoin Samourai privacy wallet, which allows coin mixing, and they have been charged of money laundering.
Mala tempora currunt ⛓️
https://www.justice.gov/usao-sdny/pr/founders-and-ceo-cryptocurrency-mixing-service-arrested-and-charged-money-laundering
- 🕵️♂️ The news that the hacker group CiberInteligenciaSV hacked the Chivo bitcoin wallet of the government of El Salvador is *fake* The leak concerned only a single stolen ATM, which do not contain personal data or confidential information. Below is the statement from Chivo.
- 🎉 I've been selected as one of the ten winners of the allowlist for an exclusive Phaver-Up: Genesis NFT via @PREMINT 🤩 Thank you @phaverapp! 🚀
Check out my profile, frens follow frens 😉
And check out Premint, the best platform to manage the allowlist for your project:
https://www.premint.xyz/phaver/
https://www.premint.xyz/phaver/
- 🚨 Beware of Rune #1 "Z•Z•Z•Z•Z•FEHU•Z•Z•Z•Z•Z" and its clones. RuneFehu is holding 99% of the supply and has a fake website, runefehu.xyz, while the original account is @FehuLayer, registered on April 7th. Always DYOR, even #FehuLayer is currently just a bunch of pretty words and zero substance.
Domain Name: http://FEHULAYER.XYZ
Creation Date: 2024-04-07
Registrar: Namecheap
Registrant Organization: Privacy service provided by Withheld for Privacy ehf
Registrant State/Province: Capital Region
Registrant Country: IS
Domain Name: http://RUNEFEHU.XYZ
Creation Date: 2024-04-23
Registrar: http://Tucows.com Co.
Registrant Organization: Njalla Okta LLC
Registrant State/Province: Charlestown
Registrant Country: KN
- I bid 6500 Phaver Points in the Week 3 Phaver-Up Auction
- 🚨 MagpieRouterV2 contract has been exploited, and its now locked to prevent further loss!
https://twitter.com/magpieprotocol/status/1782708631126819137
- Every time someone asks me how much I have earned by investing in #bitcoin:
- 💥 Will we soon see #Bitcoin inflows from Grayscale?
Grayscale's $GBTC fee, at 1.5%, is by far the highest amongst all $BTC ETFs, but according to its CEO Michael Sonnenshein, this fee will decline significantly in the coming months as the crypto ETF market matures.
And in the meantime, it introduces Bitcoin Mini Trust, a spinoff version of the fund, which will have a 0.15% fee, the lowest of all ETFs 🤯
- As foretold a few days ago.
Approaching the halving block, Bitcoin price action has bounced between the 60,200 support and 65,400 intermediate resistance. Now pay attention to this hourly golden cross, if the red range is broken and retested, we may see another bull scenario! 🚀
- It is happening tonight.
#BitcoinHalving
- 🌓 Bitcoin Halving is just 3 days away. What happened to the Bitcoin price action post-ETFs euphoria up to now?
* Absolutely nothing. *
⚖️ Price entered a channel characterized by leveraged trading between two strong resistances, a lower one at 60,200 and an upper one at 71,400, with an intermediate zone where the equilibrium between bid and ask is very strong around 65,400.
Within this range, we have witnessed continuous and often sudden liquidations of both Shorts and Longs, with a preponderance of the latter.
🌡️ As long as the fear & greed index remains at such high levels, the market is unlikely to have any interest in moving out of this very profitable and established area.
📉 Retracement scenario
Miners and whales taking profit at the end of the halving cycle, combined with the impending U.S. taxes deadline, could trigger a retracement down to 52,000 – in which case the rise would be slower but steady thanks to the combined effect of ETFs and halving on supply reduction.
📈 Euphoria scenario
If post-halving euphoria were to get the better instead, price could soar up to just under 80,000.
It is indeed an interesting coincidence that the current trading range points, on the upward direction, to this price target, because it would correspond, net of cumulative rate of inflation (15.3%), to the previous ATH of 2021.
Let me know what you think in the comments!
- “Liquidations are a forced transfer of wealth from traders who need leverage to wealthy spot buyers”
— Arthur Hayes
- Looking for another Bitcoin bullish signal?
After yesterday's lowest GBTC net outflow of $ 17.5M, Grayscale CEO Michael Sonneshein said that the ETF outflows seem to be reaching an “equilibrium”
- 🚨 Today Uniswap received a wells notice from the SEC notifying it of legal action. The ongoing legal actions by the SEC against Coinbase and others, as well as their total unwillingness to provide clarity or a pathway for companies to register, indicate a mere political effort to try to curb by any means the disruptive development of innovation based on blockchain technologies.
🦄 Read Uniswap's full statement here:
https://blog.uniswap.org/fighting-for-defi
- 🔥 Reuters source, who quotes “people informed if the facts”, reported that the first chinese #Bitcoin spot ETFs will be announced already on April 15 in Hong Kong.
🇭🇰 China's top players are in:
•Harvest Fund ($ 230 Billion Powerhouse)
•China Southern Fund ($ 284 Billion Behemoth)
💼 Once confirmed, Hong Kong Stock Exchange will be listed in 2 weeks (early May)
- Floor bid is currently at 120,000 😅 👋👋
- 54 membri… di che città siete?