Plus: China’s promoting seized crypto abroad
GM. The juicer’s jammed, the blender’s damaged, and the charts are dripping – appears like one other regular day.
Aztec Community devs launch StealthNote.
Information drops: China’s attempting to determine the right way to promote their crypto, Semler Scientific needs to purchase extra BTC + extra
Market taste right now
Crypto right now appears like typing “Google” into Google.
Idk if you happen to see what I imply, however the market’s obtained that very same misplaced vitality.
Bitcoin’s been caught in the identical boring $83K – $86K vary for the previous few days.
However in line with dealer Daan, each bulls and bears have been putting their positions, and that often means we’re on the sting of a much bigger transfer.
Why? As a result of they’ll’t each win. One aspect’s getting squeezed.
If Bitcoin drops beneath $83K, bulls would possibly begin panic-selling, and bears may quick extra BTC → worth goes decrease;
If it jumps above $86K, it’s the other: bears would possibly rush to shut shorts, and bulls may begin shopping for extra → worth goes greater.
In the meantime, CryptoQuant analysts say that whales have slowed down their promoting. In February, they had been promoting as a lot as 800K BTC per day – now, they’re nearer to 300K BTC every day.
Good progress? Properly… sorta. As a result of that does not imply they’re shopping for.
Matter of reality, they really diminished their holdings by 30K BTC over the previous week, and their month-to-month accumulation charge – which reveals how briskly they’re including cash – dropped from 2.7% to 0.5%, the slowest it’s been since February 20.
On prime of that, when Bitcoin dropped beneath $80K final week, mining grew to become much less worthwhile. Consequently, miners bought 15K BTC final Monday – their third-largest sell-off this yr.
Put all that collectively, and… investor temper, in line with CryptoQuant’s Bull Rating Index, has been bearish for 58 of the final 60 days. The final time we noticed a streak this miserable was again in September 2022 in the course of the bear market.
That mentioned, analyst Michaël van de Poppe thinks that so long as Bitcoin stays above $80K, there’s nonetheless a good shot at a rebound.
So for now, we wait.
Juicy announcement
BitDegree’s formally the neighborhood accomplice of Consensus Toronto 2025 
That is one of many largest crypto, blockchain & Web3 occasions happening this Could.
Wanna come? Use code BITDEGREE for 20% off your ticket!
Declare your spot!
Memecoin harvest
The clown automobile of crypto pulled up – and the passengers arrived with gainz 
Knowledge as of 06:30 AM EST.
Take a look at these memecoins and many extra right here.
Think about your self working at a spot the place:
You’ve been promised a elevate for months – and also you labored your a** off for it – but it surely’s at all times “subsequent quarter”;
Your supervisor retains asking you to lie in stories to make issues look higher;
Todd from accounting microwaves fish each. single. day. Evidently, the stench is prison.
And to illustrate you actually wanna hold this job – however you simply cannot proceed like this. So what do you even do?
You may complain about it on X… but when Karen from HR sees it… good luck.
Ugh, if solely there was a strategy to converse up with out exposing your self…
Girls and gents, welcome to our present: Blockchain Fixes Every thing!
In right now’s episode: StealthNote – from the devs behind the Aztec Community – which helps you to say what’s incorrect at your office with out anybody understanding it’s you.
How? Zero-knowledge proofs.
Principally, the app makes use of your organization Google login to create a cryptographic proof that you just work there – with out revealing your identify or e-mail.
It’s like exhibiting an ID that solely says “I’m sufficiently old,” with not one of the private data.
That’s zero-knowledge: proof, minus the small print.
So now, you’ll be able to say “hey, Todd, pls cease” with out risking your job or your work relationships.
And it’s not only for places of work – uni college students are posting there too.
Proper now, most posts are chill – folks saying hello, appreciating privateness tech, and many others. However this could possibly be enormous as soon as folks actually begin utilizing it to name out critical issues.
This complete factor ties into what Vitalik Buterin, Ethereum’s co-founder, wrote about a few days in the past: privateness isn’t simply good to have – it’s important.
He explains it with three details:
1/ Privateness = freedom
If each transfer you made was seen to the general public, you’d begin shaping your habits to keep away from being judged or punished. You’d lose the flexibility to only be your self, mainly.
That is not freedom.
2/ Privateness = order
Take into consideration voting: if you happen to needed to share who you voted for, folks can bribe or threaten you.
Identical logic applies to any scenario the place somebody’s resolution impacts others.
If these choices aren’t protected against outdoors strain, manipulation takes over and the system breaks down.
3/ Privateness = progress
Loads of the information wanted for innovation – in healthcare, schooling, or AI – can’t be collected or shared with out risking folks’s private lives.
For instance, your well being knowledge may assist researchers create higher therapies. But when that knowledge could possibly be traced again to you, you in all probability wouldn’t consent to share it.
Privateness tech lets us hold management over our knowledge whereas nonetheless utilizing it to construct higher techniques.
So yeah, StealthNote would possibly appear to be a small device for venting about your bizarre coworkers. Nevertheless it’s truly a part of a a lot greater motion to defend the essential proper to say one thing true with out paying a private worth for it.
And in a world the place AI would possibly actually learn our minds sometime, that is the type of safety we’re going to want.
Now you are within the know. However take into consideration your folks – they in all probability do not know. I’m wondering who may repair that… 
Unfold the phrase and be the hero you already know you’re!
Information drops
Some native governments in China are attempting to make some additional money by promoting off crypto they seized in authorized instances. Since crypto buying and selling is banned in China, they’re working with non-public firms to deal with the gross sales abroad.
Somebody hacked a ZKsync admin account and used it to mint round $5M price of unclaimed ZK tokens. ZKsync mentioned that no person wallets had been touched.
KiloEx, a decentralized buying and selling platform, obtained hacked for $7.5M and is now tryna get it again. They’re providing a deal: return 90%, and hold the opposite 10% – about $750K – as a “thanks for locating the bug” reward.
Semler Scientific, a healthcare tech firm, is planning to lift as much as $500M – and a few of it will likely be used to purchase extra BTC.
Ethena Labs, the crew behind USDe, is shutting down its operations in Germany. This comes simply weeks after German regulators identified some points with the stablecoin.
Juicy memes
