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May 30, 2024 | Read Online
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OVERVIEW
APPLE TEAMS UP WITH JASMY?! 🤯
When Bloomberg came out with an alert that Elon Musk was advising President Trump on cryptocurrency policy, the market went from
dull to marginally alive. In fact, the momentum appears to have fizzled out entirely. 🚬
The Musk-Trump news was a sort of nothing-burger. So far. But what isn’t a nothing burger is the main story of today’s Litepaper.
In today’s Litepaper, we’re looking at one of the more unexpected events for crypto in 2024: Apple ($AAPL) partnering with $JASMY
in Japan. The JASMY stream has been going nuts today.
Also on deck: A look at $AVAX’s and $ALGO’s charts because they’re very close to breaking out, as well as some ETH ETF updates and
GameFi news.
Before we dive in, here’s today’s crypto market heatmap:
And here’s a look at crypto’s total and altcoin market cap YTD:
Total Market Cap Altcoin Market Cap Mar
NEWS
JASMYCOIN AND APPLE 🍎
$JASMY just scored big. If you're in Japan and rocking an iPhone, you can now integrate JasmyCoin right into your device. Apple
($AAPL) has given the thumbs-up to this Japanese blockchain project, making it a breeze to manage your digital assets on the go.
🌬️
Adding to the excitement, there are whispers that JasmyCoin might soon power Japan’s My Number Card on iPhones, streamlining
digital ID and personal data management. This could massively boost JasmyCoin’s utility and adoption, making it a cornerstone of
digital security in Japan.
For those not in the know, JasmyCoin is all about securing IoT devices and protecting personal data. In an era where data breaches
and privacy issues are rampant, JasmyCoin offers a solution that's not only innovative but essential. 🔒️
The $JASMY stream on Stocktwits today has been nucking futs - just insane amounts of messaging going on. The Stocktwits Sentiment
Data is all the way in the extremely bullish zone and the message volume is about to hit very high.
No word yet if this might expand to other countries - but if we hear anything, we'll make sure to let you know. 👍️
Home > Symbol > JASMY.X JASMY.X JasmyCoin $0.0294 1 $0.0046 (18.50%) Today A 20,380 v Watching Feed News Sentiment Sentiment &
Message Volume & CompactView »* .. IT' -l* !Tlihr*-m_,n.h MRy $0.025 | . Lett L - e EoETem $0.02 |.||I|.|||.l. s Il $0.015 3 5/25
5/26 5/27 5/28 5/29 5/30 1/\- I|'l 10 1w ™ 3M 6M 1y ALL § Sentiment ® More > § Message Volume @ More > Last score Last score
Extremely Bullish @ %’} Extremely High @ % S 1 week ago ‘ 1 week ago fi' ‘ Extremely Bullish fiv Extremely High @
TECHNICAL ANALYSIS
AVALANCHE AND ALGORAND NEAR BREAKOUT LEVELS 😱
There’s a good number of altcoins at or near breakout levels, and two of those are Algorand and Avalanche. But before we take look
at them, we need to look at the Bitcoin dominance chart. 👀
a8 58.00% Bitcoin Dominance Week Chart 57.00% 56.00% 55.00% 20-Week MAExT) 54.01% 200-Day MA 51.785% 52.00% 51.00% 50.00% 49.00%
48.40% a7.80% a7.20% 46.60% 46.00% L Jun. Jul Aug Sep oct Nov Dec 2024 Feb Mar apr May Jun Jut Aug sep
Bitcoin Dominance Weekly Chart - Click to enlarge.
$BTC’s share of the total crypto market cap took a hit last week, moving from 56.07% to 53.88%. It’s since made a new 8-week low
and is currently testing the 20-week moving average.
This is an important chart to watch, along with the altcoin market cap chart. Crypto bulls have been waiting for Alt Season to
begin. And when that happens, we’ll see sharp declines in Bitcoin’s share of the market. ⤵️
8uso Avalanche Daily Chart o 8000000 00000 Bulls looking for a daily ‘ close above $37.00 420000000 40.0000000 35.0000000
34,0000000 33.0000000 320000000 310000000 30.0000000 29.1000000 28.2500000 ®
AVAXUSD Daily Chart - Click to enlarge.
$ Sentiment ® More > S Message Volume ® More > Neutral Last'score Warl Last score Neutral 45 Normal 48 N 1day ago A 1dayago 50 A
Neutral 50 48 Normal
Avalanche’s sentiment score and message volume are almost dead center in the neutral ratings. However, if you look at how close
$AVAX’s daily candlestick is to the near-term resistance at $37.00, you can bet your ass a breakout and close above the trendline
and 20-day MA will move the message volume and sentiment scores. 💯
Algorand Daily Chart Bulls waiting for a daily close above $0.196 L 200-day MA 20-day MA $0.188 uso 0.28000000 0.27000000
0.26000000 0.25000000 0.24000000 0.23000000 0.22000000 0.21000000 0.20000000 [REES 019000000 0.18000000 0.17400000 0.16800000
0.16200000 0.15600000 0.15000000 0.14500000 0.14000000 Apr 8 2 26 °
ALGOUSD Daily Chart - Click to enlarge.
S Sentiment ® More > S Message Volume ® More > Last score Last score Normal ‘ Bullish @ Normal 50 1ldayago i 1dayago - Extremely
Bullish 50 High
$ALGO has been churning and churning and churning to get above its 20-day MA, and now the bulls are working on the 200-day MA. And
just look at that 200-day MA: flat as hell. But it appears Algorand’s bulls are playing it safe, and that’s not a bad idea.
Bulls are probably looking for a close above the May 27 close of $0.196. If they can pull that off, that will be the highest close
in over 30 days. 👍️
NEWS
ETH ETFS: FIDELITY, BLACKROCK FORGE AHEAD, HASHDEX STEPS BACK 👢
The Ethereum ETF saga just got a whole lot juicier. Fidelity and BlackRock are diving into the Ethereum ETF pool, while Hashdex
quietly sneaks out the back door. 🌐
Some of the big named ETH ETFs are already listed on the DTCC’s site:
FENI 31609A404 FIDELITY COVINGTON TR 2950 7 N ENHANCED INTL FENY 316092402 FIDELITY COVINGTON TR MSCI 2767 D Y, ENERGY IN FEP
337370117 FIRST TRUST EUROPE 0963 7 N ALPHADEX FUND FEPI 26923N744 ETF OPPORTUNITIES TR REX 2333 D Y Z FANG EQUITY FESM 31609A206
FIDELITY COVINGTON TR 2950 D Y ENHANCED SMALL FIDELITY ETHEREUM FD BENEFICIAL INT FEUS 33939L613 FLEXSHARES TR ESG & 2357 D i
CLIMATE US LARGE FEUZ 33737J505 FIRST TR EUROZONE 0963 F N ALPHADEX ETF (DE) FEX 33734K109 FIRST TR LARGE CAP CORE 0963 D i
ALPHDEX FD FEZ 78463X202 SPDR EURO STOXX 50 ETF 2950 R N FFEB 33740F763 FT VEST U.S. EQUITY BUFFER 0963 D N ETF - FEB
DTCC
BlackRock isn't sitting on the sidelines, either. They just updated their S-1 filing for a spot Ethereum ETF, proving they're all
in. If they get the green light, BlackRock's Ethereum ETF could flood the market with institutional cash, making it easier for the
big boys to jump on the Ethereum bandwagon.
HASHDEX WAVES THE WHITE FLAG
Meanwhile, Hashdex is quietly bowing out, withdrawing its application for a spot Ether ETF. No fanfare, no drama—just a silent
retreat. Maybe they're waiting for clearer regulatory skies, or maybe they're rethinking their game plan. Either way, their exit
doesn't put a damper on the excitement surrounding Ethereum ETFs, especially with heavyweights like Fidelity and BlackRock
charging ahead. 🤷
STOCKTWITS CONTENT
A BRAND NEW “TRENDS WITH FRIENDS” 🍿
Stocktwits co-founder Howard Lindzon chops it up with pals JC Parets and Phil Pearlman every Thursday on "Trends With Friends."
Watch the latest on YouTube, Spotify, or Apple, and subscribe to catch each episode when it goes live!
WEB3
GAMEFI AND NFT NEWS
SPIELWORKS SNAGS WEB3 MMORPG CHAINMONSTERS 🎮
(T 9 N STORE COMMUNITY ABOUT SUPPORT Al Gar Massively Multiplayer G Chainmonsters [ET e Community Hub RS NHONSTERS . Chainmonsters
is a massive multplayer online RPG where you catch, batte, rade, explore, and combine diflerenttypes of monsters and abilfies (o
create strong chain reactions! No game subscription required. Explore the vast ands of Ancora together with your friends on Steam,
IS and Android! e B-Side Games [y [ S e
Big moves in blockchain gaming: Spielworks just acquired Chainmonsters, a cutting-edge Web3 MMORPG. 🎮
Chainmonsters is an MMORPG that uses blockchain tech to deliver a unique gameplay experience. Players can capture, trade, and
battle digital monsters in an open-world setting, with true ownership of in-game assets.
As traditional gaming companies continue to collapse and fire developers, there’s a growing trend of some companies and former
devs dive into blockchain gaming. Acquisitions like this may become more common. 🌐
STR8FIRE GENESIS NFTS - GONE IN SECONDS
FREE-TO-PLAY- ToEn 2 § iy, GROWTH FUND ORIGINAL IPS
Well, that didn’t last long. the Genesis NFT collection last only a few seconds on OpenSea before everything sold. 🔥
This collection is part of a larger trend where fashion meets technology, offering a glimpse into the future of digital identity
and expression. By owning STR8Fire Genesis NFTs, collectors believe they’re investing in the future of fashion. Or something like
that. 👕
NEWS
CRYPTO NEWS IN THREE SENTENCES 📰
📈 Milei Rubs Elbows with Silicon Valley Titans
Argentina's presidential candidate Javier Milei met top tech execs in Silicon Valley to lure investments and innovation to
Argentina. He's clearly aiming to turn the country into a tech hub. This tech tour is Milei's big play for stronger Argentina-tech
industry ties. Cointelegraph has more.
🐶 Trader Drops $2M on Dogecoin Calls
A bold trader just bet $2 million on $DOGE call options, banking on a memecoin surge. With memecoin mania in full swing, the
stakes are high. Dogecoin's market buzz is heating up with this massive wager. From CoinDesk.
🚫 CME Squashes Solana Futures Rumors
The $CME shot down rumors of launching $SOL futures, citing regulatory hurdles. Solana's shaky classification as a security is a
big roadblock. Solana enthusiasts will need to keep waiting for any ETF action. Full story at Coincu.
🔒 Bank of America's Big Data Leak
Bank of America ($BAC) accidentally leaked the names and Social Security numbers of 1,883 pension members. This slip-up puts a lot
of people at risk of identity theft. Not a great look for the bank's security measures. From Cybernews.
🕵️♂️ NFT Market Rife with Scams, Says US Treasury
The US Treasury's latest report exposes rampant fraud and scams in the NFT market. The report calls for tighter controls to
protect investors. Interestingly, the report did not mention the magical money printing machines owned by the Fed and the Treasury
Department. Cryptopolitan has more.
💸 Fake Iggy Azalea Memecoin Scam Nets $380K
A shady crypto handler scammed $380,000 with a fake Iggy Azalea memecoin. Investors looking to cash in on celebrity hype got
burned. This scam highlights the risks of jumping on the memecoin bandwagon, or throwing money at celebrity branded anything,
really. More from Decrypt.
💰 Ripple Throws Another $25M at Pro-Crypto PAC
Ripple ($XRP) tossed another $25 million into the FairShake PAC, doubling down on its political push. With $50 million total,
they're aiming to sway crypto-friendly legislation. Ripple's not holding back in its political advocacy. DailyCoin has more.
LINKS THAT DON’T SUCK 🔗
🐕️ China's military shows off rifle-toting robot dogs
🆕 A new test could help weed out AI-generated text
😀 Dad wins big lottery prize three months after daughter
🤔 What would make Americans buy more Bitcoin? Clearer regulations, survey says
🐞 Former OpenAI board member explains why CEO Sam Altman got fired before he was rehired
👿 Diablo 4's strongest weapon isn't a weapon at all: It's a deadly potion capable of dealing billions of damage
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