SCOOP’S TL;DR

📈 MARKET SENTIMENT

• Market sentiment has slipped further into the fear zone. Sell pressure has been strong on Bitcoin but holding strong. Alts have shed some blood. But we know the direction in the mid to long term. UP.

🔥 THE TRENDING NARRATIVE

• Is it Launchpad Season? + SatoshiVM Launches with a Bang but is everyone happy?

🏋️ BARBELL’S WEEKLY PICK

• $MANTA - Manta Network

🗞️ TOP STORIES

• DogWifHat

• SEC v Coinbase

• Trump On CBDC

🏆 WEEKLY WINNER

• Dara - Uber’s CEO

😡 REKT SECTION

• Jamie Dimon

💎 PREMIUM SCOOP

• Smart Money Buys 

• Two pre-launch tokens set to 100x

📈 MARKET SENTIMENT

• Crypto Total Market Cap $1.66T - 24/hour change 3.17%+

• Total Crypto Market Volume $58.04B - 24/hour change 44.38%+

  Majors - 24/Hour change

• BTC - $43,400 - 3.5%+

• ETH - $2310 - 3%+

  Trending 24-hour

• $MANTA - 2.5% - Layer 2

• $BULL - 60% - MEME

• $ALT - 2% - Re-staking / ZK / roll-ups

• $API3 - 2% - Oracles

• $BONK - 1.2%

  

  Take home message: ‘Expect short-term Turbulence, we know where we are heading mid to long term. Higher. Probably a good time to DCA or hold a spot & chill. Avoid leverage.’

• Across today the 30th & Jan 31st, Jerome Powell ‘Chairman’ of the US Federal Reserve, will decide on interest rates.

• ProTip - High interest rates are bad for risk-on (High Risk) assets like crypto, as people can gain yield simply by holding their cash. Lower interest rates are better for assets like crypto, as it becomes less favorable to hold cash & to seek out riskier investments to gain yield.

• Interest rates are currently at a 22-month high, despite other members of the SEC pushing Jerome to lower interest rates, experts anticipate the US Federal Reserve will likely maintain interest rates at 5.25%-5.50% for now. But, we will likely see, rate cuts later on in the year, fueling the fire for crypto.

• Overall, things are super positive in the world of crypto, and rightly so, with the halving on the horizon, the cycle beginning to play out & a drop in interest rates in the coming months, there is a lot to be excited about. It will be interesting to see, whether the 20% dip we have seen recently on BTC is final or another one will catch us by surprise. Either way, great time for DCA, we know where we are heading.

  Bitcoin

• Seemingly the strongest horse at present, with of course outliers in the ALTs, but overall last few days/week, holding Bitcoin has been the ‘better performer’ over alts. Grayscale dumping of slowing down, with now only $270M sold yesterday, which is a reduction of 30%. Funny $200M+ being dumped is considered more bullish. This could lead to a further push-up for BTC.

• Bitcoin dominance

• Dominance for BTC is pushing right up 52.3%, keeping alts at bay for now, so don’t sweat it if your favorite bag is struggling to push up right now. Keep an eye on the chart, when Bitcoin dominance uptrends show signs of weakness, ALTS will wake and begin to outperform Bitcoin.

  ETH/BTC

• Last few weeks and most of last year, ETH has been getting destroyed against Bitcoin, but on a higher time frame (Zoomed out view). the ETH/BTC looks to bounced off a support zone, is ETH finally awakening?

  Ethereum 

• A fairly lackluster performance throughout the year, which has had an impact on the ETH ‘On chain’ market, But with ETH/BTC pair showing some strength, we may soon see it pick up speed.

  DEGEN

• More of the same here, the Solana ecosystem is where the money printing is happening right now, don’t fade it for short-term wins. $GME on Solana, a meme coin that represents the 2-year anniversary of the Gamestop short squeeze has sent hard since launching over the weekend to now exceeding $30M mcap, not to mention the volume has been insane!

• On ETH we are seeing some better action over the last few days, but nothing quite like what we are seeing on SOL.

• Infamous influencer Pauly launched a fork of $PEPE with the ticker ‘$PORK’, which traders were able to claim, given his cult following, it’s no surprise this reached $45M mcap.

• But overall as far as short-term trading & wins are concerned, right now, we recommend hunting on Solana. If you haven’t already dive into our ‘Trading Memes like a Pro guide’ in last week’s issue.

  Trending Crypto narratives to focus on this year

• - AI Infrastructure / Autonomous agents

• - DEPIN (Decentralised Infrastructure)

• - RWA - Real-World Asset tokens

• - Memes - (you’re not too good for them)

• - Eigen Layer

• - BTC Defi

• - New Layer 1’s

• - Parallelization EVM / Modular Blockchains

• - Solana Killers

• - GameFI / Gamblefi

  

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  🐂 SMART MONEY ‘ON-CHAIN’ IS BULLISH ON:

Smart Money data is collated from the top 1% of most profitable traders On-chain.

• 1 MUBI - BTC DEFI

• 2 BANANA - Trading Bot/revenue share

• 3 RSTK - Eigen Layer

• 4 OLAS - Autonomous Agents / AI

• 6 HYPR - ZK gaming layer 2

🔥 THE TRENDING NARRATIVE

Crypto is a narrative & trend-driven game, where attention goes, the money flows. So what’s hot?

🚀 Launchpad Season

On Thursday 19th the highly anticipated SatoshiVM launched their token $SAVM. The hype lived up to expectations and SENT vertical to near $100M map in just 12 hours, with ‘influential presalerooors’ making a cool 100X+ before dumping on their fans. $SAVM was and still is the talk of the town.

The most hyped launch of the year has naturally attracted a tonne of attention. Event Onchain data tool BubbleMaps & blockchain investigator ‘ZachXBT’ gave their two cents on the subject.

“public tokenomics, 15% of the supply has been sent to "Contributors (or influencers) Most of them immediately selling upon receiving the tokens”

A good read below.

Now we are not here to FUD $SAVM launch, hitting $100M cap in a day is no easy feat, so hats off to the team, It’s awesome to see launches reach this level of success and bodes well for the wider market. But one thing we won’t do, is FOMO buy into the hype. If you got into presale or bought on the open market just after launch, congrats! But, after such a hyped launch it is always worth letting the dust settle and monitoring sentiment around a token for days after. Some things to consider post-launch hype of any token. Will the team continue to ship? Is the token maintaining interest and relevance? How is price action looking? These tips can help you from FOMO buying tops.

We look forward to seeing how the Satoshi VM project develops, if the tech stands up to the claims, as a first mover (Virtual Machines) in a trending narrative (BTC Defi), this thing could run into the multi-billions.

The success of SatoshiVM has fuelled interest in new launches. Everyone now wants the next best token, which is giving rise to ‘LaunchPad Season’.

Over the past 6 months, the majority of new launches have struggled, and the market hasn't been in its favor with traders & degens alike suffering from severe PTSD due to new launches flopping. But now it looks like the market is ready to accept them once more and send them to Valhalla.

Tired of the big dogs making all the dollar? Fear not, Here are some of the best launchpads to follow. Turn on your notifications, monitor their socials, and explore their platforms to identify the hottest upcoming tokens and bank that 50x.

The aim is to identify coins within hot sectors, such as RWA, Depin, AI, Restaking, etc, with little to no VC / previous raise/presale or token vesting periods.

SeedifyFund - (Gaming Launch Specialist)

Fjord Foundry - (Defi)

Coinlist (Defi)

Bounce Finance - Bitcoin Defi

🏋️ BARBELL’S WEEKLY PICK

In each issue, our Founder ‘Jack Barbell’ delivers a hot rising star crypto asset that is yet to explode.

Follow Jack Barbell on X - @thebarbell_

MANTA

Ticker - $MANTA

Surely not another Layer 2 again?? Oh, this one also begins with M.

Infrastructure plays, Layer 1s, and Layer 2s can hit the multi-billions, just check out how many exist in the Top 50 on coingecko, it’s around circa 80%. This new candidate hits a few nice narratives, staking/Airdrops, Modularity & ZK.

Introducing Manta Network, a newly launched multi-modular ecosystem designed for zero-knowledge (zk) applications, offering a digital cloak of invisibility for transactions within decentralized applications (dApps). Picture it as a safeguard for your transactions, providing both privacy and scalability.

In the world of Manta, Celestia stands as a modular consensus and data network. Think of Celestia as a super-efficient mailman, ensuring that data is delivered precisely where and when it's needed, enhancing the efficiency of layer 2 solutions. Now, you might be wondering, what's the connection between Manta and Celestia?

Manta Network recently unveiled Manta Pacific, its native layer-2 ecosystem. This innovative platform, constructed with the Optimism OP stack, leverages Celestia for data availability. By incorporating Celestia into its framework, Manta Pacific achieves a more cost-effective solution, particularly beneficial for users engaging with dApps within the broader Manta ecosystem.

Impressively, Manta Network has accumulated a remarkable $430 million in Total Value Locked (TVL), signaling robust health within the chain. Notably, this TVL nearly mirrors its circulating market cap of $560 million.

The allure of $MANTA staking is hard to ignore:

• A burgeoning ecosystem, set to launch numerous projects in the upcoming months.

• The current market cap stands at $560 million, with a fully diluted value of $2.2 billion – a seemingly affordable alternative compared to $TIA with a $2.7 billion market cap.

• Staking requires a minimum of 763 $MANTA tokens, promising enticing rewards given the community and builders' enthusiasm for staking.

To partake in the $MANTA staking journey, follow these steps:

1. Visit app.manta.(network)/manta/stake

2. Click "Connect wallet" and install Manta Wallet

3. Purchase $MANTA on a centralized exchange (CEX)

4. Withdraw your tokens

5. Stake them on a Collator

🌐 TOP STORIES

📈 BREAKING

• The Securities and Exchange Commission (SEC) delayed its decision on Fidelity’s spot Ethereum ETF, per a filing.

• Despite the spot Bitcoin ETF approval setting a precedent, the SEC stated that it needs time to consider the issues raised following the evaluation.

Dogwifhat - It’s the return of the Solana Meme Coins

At a glance 🔎

• The meme coin era is back with a bang and Solana Meme coin Dogwifhat is breaking the charts.

• A quiet launch in November soon exploded and the price of the coin was around $0.16 following the breakout.

• The price was short-lived and retraced back down to $0.07 at the start of this month.

• The last 7-days have been a whirlwind as the price boomed all the way to $0.44

• With a current market cap of $423m, the coin is now the fifth-largest meme coin overall.

🕵️ Scoops take:

Meme coins are a gift from god that allows all investors an affordable way to make huge gains.

Of course, losses could appear but they are far less risky given the purchase prices on offer.

Not a sole reason, but a factor in the bullish intent of the coin was provided by Franklin Templeton. The asset manager in America (who has Benjamin Franklin laser-eyed as his X PFP) tweeted out about the coin giving it backing!

Institutions are immersing themselves in Crypto, don’t be left behind.

BTC Defi project SatoshiVM ‘$SAVN’ just ran 100X

Infrastructure is being built around Bitcoin at an explosive rate. Bridges, Layers, and now we have cross-chain dynamic marketplaces coming onto the scene to open up access & make the likes of BRC-20’s and Inscriptions interopable.

Where attention goes money flows, and attention is growing like wildfire for this sector. For this reason we believe these new token launches will be a success.

👇

SEC v Coinbase - Horns are locked in the Courtroom.

At a glance 🔎

• The latest courtroom battle in New York will shape the future of the Crypto world in America and potentially the world.

• The allegations from the SEC surround listed tokens being securities including Solana and Polygon.

• A main focus point was on the Howie test (what constitutes an investment contract)

• The Crypto world is of the view the test needs to be updated to reflect the new era we are in.

• Coinbase’s lawyers went in hard proving that investors of tokens don’t see dividends or receive legal rights despite holding the coin which differs from stocks.

• Things are looking promising for the space but until the Judge concludes anything is possible.

🕵️ Scoops take: 

Why does this matter to you!?

If the SEC is applying 90-year-old rules to an everchanging, forward-thinking market, we will forever be held back.

The SEC is slowly losing its grip on the Crypto space and even though they passed the Bitcoin ETF, this won’t save face.

Where were they when the FTX investors needed protection? Where were they when the Luna investors needed protection? Do we need to remind you about their losses against Ripple and Greyscale?

The SEC are a massive stumbling block to the success and future of the space! We are not saying regulation is not required but a new set of rules that will allow the space to flourish is all we ask.

For the generational wealth to land, things have to change.

Come on Coinbase!

Trump on Central Bank Digital Currency - Spoiler…it will not happen if he is elected!

At a glance 🔎

• Donald Trump has said that he will never allow the creation of a CBDC.

• “This will be a dangerous threat to freedom, and I will stop it from coming to America”

• 🕵️ Scoops take:

Trump didn’t hold back with some more of his comments “They could take your money and not even know they would be gone”

What does this mean for you?

You may think this is an extreme/scaremongering take but his views are not all that extreme when you break it down.

The general view of the space is that any CBDC would not be a true Cryptocurrency and is issued by, regulated by and backed by a Country’s central bank. Pretty much against the whole idea of Crypto.

Again, for us to flourish, we need our own making the rules, not those outdated ones that hate everything we stand for.

Remain focused on the legal surroundings, it’s shaping the future we want to operate in.

😡 THE REKT SECTION 😡

Jamie Dimon

Last week it was Vanguard, this week it is JPMorgan Chase CEO, Jamie Dimon sticking the boot in.

He has gone on record saying that Bitcoin is worthless and has referred to it as the “pet rock”

Well, Mr Dimon, more than $11bn has flown in on the Bitcoin ETF and the price is up over 100% over the last year.

If that’s worthless to you, then you’re in fantasyland

NGMI.

🏆 WEEKLY WINNER 🏆

Dara Khosrowshahi

It seems like a war of the CEO and this time it’s Uber that’s coming to the winning arena.

The Uber CEO has gone on record saying that Uber will 100% definitely accept Bitcoin and Crypto payments in the future!

Look around you! Massive institutions are accepting Bitcoin and other Crypto like the everyday part of life that it should be.

As time goes on, and acceptance widens, those that refuse to adapt will be left behind.

Where attention goes money flows, and attention is growing like wildfire for this sector. For this reason we believe these new token launches will be a success.  

Feast your eyes on the delights, surprises & Alpha below.

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