SCOOP’S TL;DR

📈 MARKET SENTIMENT

• Last week, Bitcoin ETFs had straight 5 days of outflows totaling $900M, which as we can see had a big impact on Bitcoin’s price, but it is a new week and so far already have had $15.7M in net inflows to bitcoin.

• Bitcoin is now back over $70K and as a whole the market is looking very bullish.

🔥 THE TRENDING NARRATIVE

• RWA - Real-World Assets

🏋️ BARBELL’S WEEKLY PICK

• BLENDR - $BLENDR

🗞️ TOP STORIES

• Controversial Solana Meme Trrend

• ETH ETF Delay

• Robinhood x Android

🏆 WEEKLY WINNER

• Morph EVM

😡 REKT SECTION

• $LADYF Trade

💎 PREMIUM SCOOP

• 3 X MOONSHOT TOKENS - THESE LOOK READY TO RIP HARD

  

  RECENT NEWS 🚨

GRAYSCALE LEGAL OFFICER THINKS THE ‘ETHEREUM ETFS SHOULD BE APPROVED!

• Crypto Total Market Cap $2.64T - 24/hour change 1.2%

• Crypto Market Cap Total Volume $110B - 24/hour Change - 2.49%

  Majors - 24/Hour change

  • BTC - $70,439 -  4.2%

  • ETH - $3530 - 3%

  • Following some harsh price action across the market, taking Bitcoin to the low $60K’s it has recovered nicely to kick off the week.

  • In the last few hours, we have had Kucoin FUD which has caused a market shakeout. But this will be short-lived, nothing to worry about.

  • Last week, Bitcoin ETFs had straight 5 days of outflows totaling $900M, which as we can see had a big impact on Bitcoin’s price, but it is a new week and so far already have had $15.7M in net inflows to bitcoin.

  • Bitcoin is now back over $70K and as a whole the market is looking very bullish.

  • Remember, market pullbacks are healthy & normal in a bull market, and should be considered as a blessing and opportunity to load up.

  • Bitcoin/dominance

  • Bitcoin’s Dominance has popped up to that magic 54% mark where it seems to comfortable at meaning alts are just moving in line with Bitcoin right now.

  • ALT Coins

  • We have had some nice pockets of ALTs perform well within the AI, DEPIN sectors as Bitcoin has recovered.

  • Outside of that RWA has certainly raised its head over the last week, with $CPOOL, $NXRA & $ONDO being top performers.

  • Bullish Alt coin sections - AI, Gaming, Depin.

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  🔮 NARRATIVES TO FOCUS ON IN 2024

• - AI Infrastructure / Autonomous agents

• - GPU / Cloud Computing

• - Gaming / Game-fi

• - DEPIN (Decentralised Infrastructure)

• - RWA - Real-World Asset tokens

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

• - BTC Defi / BRC20

• - New Layer 1’s

• - Parallelization EVM / Modular Blockchains

• - Solana Killers

  

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🔥 THE TRENDING NARRATIVE

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

RWA - REAL WORLD ASSET TOKENS

Our favorite sectors for 2024 remain AI / GPU, Memes, & Gaming, but there is no doubt that tokens within the RWA category are starting to wake up, several influencers have jumped on the RWA bandwagon after shilling AI & GPU, and maybe they are just looking for another narrative to shill. Or maybe there is something bigger at play?

One of the core catalysts for the growth of RWA categories is that BlackRock the world’s largest asset manager has given it the stamp of approval. Their Chairman ‘Larry Fink’ has discussed his positive views on the tokenization of all assets and on top of that the firm has announced its on-chain fund. ‘BUIDL’

Tokenization remains a key focus of BlackRock’s digital asset strategy. Through the tokenization of the Fund, BUIDL will offer investors important benefits by enabling the issuance and trading of ownership on a blockchain, expanding investor access to on-chain offerings, providing instantaneous and transparent settlement, and allowing for transfers across platforms.

If getting the ‘Nod’ from the most powerful company on earth that the tokenization of Real World Assets is the future of finance isn’t getting your degenerate heart racing, then I don’t know what will.

It doesn’t take much for narratives to form in crypto, and this news will be more than enough to ensure that the RWA crypto flourishes in the coming months.

Some of our favorite RWA tokens are as follows.

$ONDO - Tokenized Institutional Financial products

$CPOOL - Tokenized credit

$RIO - Tokenized Real Estate

$PROPC - Tokenized Real Estate

$NXRA - Infrastructure for tokenized markets

🏋️ BARBELL’S WEEKLY PICK

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

You can Follow Jack Barbell on X - @thebarbell_

BLENDR NETWORK ($BLENDR)

Marketcap - $99M Mcap - Shared with Premium Members at $36M - (3x)

X account

Narrative - DEPIN / AI / GPU

Potential - 20X

Trade idea: a low-cap token that is gathering the attention of prominent KOL’s on Twitter. A serious project with massive potential when attention turns back round on to AI. A great pick for your portfolio.

Scoop’s Take

Introducing Blendr Network and $BLENDR Token:

Blendr Network emerges as a force, offering a glimpse into the future of computational power with its innovative approach and groundbreaking token, $BLENDR. Let's delve into what makes Blendr Network and $BLENDR such game-changers.

Blendr Network's Vision: Democratizing Computational Power

Blendr Network operates on the principle of decentralized GPUs, a concept where individual GPU compute power is harnessed and pooled into a marketplace accessible to anyone. This decentralized approach not only slashes costs but also significantly boosts processing speeds compared to traditional centralized GPU clouds. More importantly, it democratizes access to computational resources, leveling the playing field for individuals and businesses alike.

Why GPUs Matter

Graphics Processing Units (GPUs) are optimized for parallel processing, making them indispensable for a wide array of applications such as machine learning, 3D graphics rendering, cryptocurrency mining, and complex simulations. Their efficiency in handling intensive computational tasks far surpasses that of standard CPUs, making them the backbone of modern computing. They are in such short supply, that NVIDIA, the leading chip manufacturer has to fairly decide who can purchase the chips.

Blendr Network's Unique Proposition

At the heart of Blendr Network lies the Blendr Compute Mesh (BCM), a distributed network of GPU resources sourced from nodes across the globe. This mesh revolutionizes the ecosystem 3D rendering while democratizing access to computational intelligence. To ensure the integrity and security of transactions and contributions, Blendr has developed its own blockchain framework, BlendrChain, which serves as an immutable record of all activities within the ecosystem.

Key Features of Blendr Network

Blendr Network offers two distinct features that set it apart:

1. 3D Rendering: Users gain access to the Blendr Compute Mesh, enabling them to execute complex 3D rendering tasks without the need for expensive local hardware.

2. Marketplace of AI and Computational Intelligence: Developers can exchange algorithms, data sets, and computational insights, fostering innovation and accelerating research projects. Contributors to the GPU network are duly rewarded through $BLENDR tokens.

Empowering Contributors with $BLENDR Token

$BLENDR serves as the lifeblood of the Blendr Network ecosystem, facilitating transactions and incentivizing contributions. This governance token not only rewards participants for their involvement but also empowers them to shape the future direction of Blendr Network.

Ensuring Security and Integrity

To safeguard intellectual property rights, Blendr Network has implemented the Digital Asset Rights Ledger (DARL), a comprehensive digital rights management system built on blockchain technology. This ensures that creators retain control over their digital assets and protects against unauthorized use or duplication.

Team and Growth Potential

Backed by a seasoned team with diverse expertise spanning marketing, software development, and hardware innovation, Blendr Network is poised for success. With $BLENDR showing promising signs of growth and consolidation, the project's trajectory looks highly optimistic.

FOR OUR PREMIUM SUBSCRIBERS THIS WEEK, WE HAVE 3 MASSIVELY BULLISH LOW-CAP TOKENS ALL WITH THE POTENTIAL TO 25X.

INFLUENCERS ARE PICKING UP ON THESE PROJECTS AND THE CHARTS LOOK READY TO RIP. DON’T GET LEFT BEHIND ON THESE MOONSHOTS

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Controversial Solana Meme Trend - News Outlets Remain Quiet

At a glance 🔎

• A new meta took the space by surprise over the last 72 hours - The racism meta.

• Numerous new coins were launched on the Solana network containing racist language and targeting minorities.

• One specific coin mocking a religion surged 2500%.

• Major news outlets have failed to cover the story.

• Crypto X personalities SlumDOGE Millionaire and CryptoBitlord have voiced their disgust over the launch of these coins.

🕵️ Scoops take: 

The racist coins that have hit the Solana network are unfortunately not a new thing, Ethereum was flooded with the same back in 2017.

The general feeling amongst personalities and analysts is that these coins will not make you any money in the long run and are a cheap way for some to get a giggle and make a quick profit.

There is no denying that Solana has been the place to be of late and that has been shared with the fact that over 937k wallets have interacted with the ecosystem over the last 24 hours displaying 5.15% growth and 46k new wallets.

With the new coins the market has seen, there will likely be a flood over the next few days, so do not get caught up in the nonsense, you will likely lose money.

Can we have more dogs in hats, please?

ETH ETF Delay - The Hunger Doesn’t Match BTC.

At a glance 🔎

• Bloomberg analyst, James Seyffart, stated the SEC hasn’t engaged with potential issuers.

• There were long extensive talks before the BTC ETF launch so doom and gloom is spreading right now.

• There was previously a 35% chance that at least one issuer would get the green light before May but this appears to have evaporated.

• 7 issuers are lined up ready to launch including Fidelity, VanEck and BlackRock.

🕵️ Scoops take: 

As you saw with the BTC ETF, ETH could have done with the next level progression.

The SEC is also dipping its toes into the “Is ETH a security?” question so expect some turbulence regarding ETH over the next few weeks.

As they say, when it rains it pours, Ethereum has found itself in 2nd behind Solana on CoinGecko’s recent most popular blockchain list.

You would not think 2nd place would be that bad however in terms of the global traffic share, rivals Solana, in 1st, have hoovered up 49.29% whilst ETH has amassed 12.73%.

Time to dust down and power on.

You can read the full study here.

Robinhood x Andoird - An Exciting Development

At a glance 🔎

• Robinhood has rolled out an App for Android users.

• The wallet comes with the reputation of a user-friendly experience and commission-free trading.

• It has been a long time coming as the iOS version launched last year.

• Robinhood aims to provide millions of users worldwide with a secure platform for managing holdings.

  🕵️ Scoops take:

For any major wallet to be taken seriously, it had to be available on multiple platforms.

Now that the company has rolled out the Android version, it could bring millions of users with it.

Robinhood has a very good reputation so we expect this latest development to assist not only in mass adoption but self-custody awareness.

Trade wisely.

🏆 WEEKLY WINNER🏆

Morph EVM

Ethereum Virtual Machine Layer 2 firm, Morph has raised $20m in seed funding led by DragonFly Capital.

Morph aims to revolutionize how Blockchain tech is used by companies that operate in the entertainment, finance, social and gaming industries.

Company CEO, Azeem Khan, stated “We proudly help developers to create dApps that can truly make a long-term difference and win over a mainstream user base. Being one of the first to launch with a decentralized sequencer on Ethereum is also an example of our commitment to decentralization from the beginning”

This won’t be the last you hear of Morph.

😡 THE REKT SECTION 😡

$LADYF Trade

If there was a bio for many Degen traders it would be buy the top and sell the bottom.

It hasn’t been that extreme for this trader but it wasn’t far off.

The trader spent 300 SOL to buy $LADYF and only got 36.9 SOL back from selling.

A total loss of 263.5 Sol ($46k) can happen. The reason why this trade is in this section, however, is that it took place over 3 minutes.

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

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