🐸 Is the alt-season over?

Hi, crypto fellas. Get ready for an exciting newsletter, brought to you by the buidlbee team. Embark on a captivating journey as we delve into the freshest updates, emerging trends, and invaluable insights within the realm of digital assets. Here's a preview of what lies ahead:

• An anxious sign for altcoins.

• DeFi’s buzz and CZ's lodge in Britain.

• Is Dogecoin in trouble?

• Technical analysis: Has Aptos reached its bottom line?

• Polygon zkEVM activities.

Stay ahead in the dynamic crypto landscape. Catch up on the latest highlights you might have missed in the past 24 hours:

• BNB Chain developers launched the opBNB testnet.

• Terra’s Do Kwon was sentenced to four months in jail in Montenegro for passport forgery.

• Mastercard plans to build software for crypto transactions

• France is in support of global regulation of the DeFi market.

• CertiK received $500,000 for discovering a bug in Sui's blockchain code.

• The Ethereum validator limit may increase by 6400%.

The rise of a new trend

Bitcoin reaches 50% market dominance for the first time in 2 years. This shows how much pressure altcoins are under after the U.S. regulator attack began.

Today, BTC accounts for half of the cryptocurrency's total market capitalization of $1.1 trillion. According to Coingecko, the current market capitalization of BTC is $519 billion. Currently, the combined value of BTC and ETH has reached about 70% of the entire crypto market.

MicroStrategy co-founder Michael Saylor believes that BTC's market dominance will exceed 80% in the coming years as increased regulatory pressure from regulators makes stablecoins and most other neo-centralized crypto-assets irrelevant.

Given these dynamics, it is already possible to reconsider your attitude toward altcoins; at least consider the exodus of large players from secondary-class crypto assets. Also, this trend is extremely dangerous for controversial assets like memecoins and shitcoins, which previously had great speculative potential.

CEX problems, on the example of Binance

The picture below is Binance's UK office according to its official registration address; Google maps show that it is a small garage building on the outskirts of the town of Mildenhall, about an hour and a half drive from London.

Recall that Binance is right now under intense pressure from regulators from various countries who are investigating the legality of its operations.

DeFi News

DeFi's top 10 projects by monthly revenue right now are #LDO, #DYDX, and #GMX.

There are signs of a crypto market recovery. For example, crypto venture capital inflows reached $1.11 billion in May, up 34.12% from the previous month. Web3 leads the way with 24 deals and $170 million raised.

💲 Ideas

[1] 🔔 Dogecoin's nasty surprises are possible

The lawyer responsible for Musk's Dogecoin market manipulation case has left his position. This news sparked rumors that the lawyer himself was involved in insider trading at DOGE. In any case, such an unexpected removal raises suspicions that there are some problems or surprises in Elon Musk's defense. When this truth comes to light, it will directly hit the value of Dogecoin. If you are connected to this asset in any way, now is the time to close your position. Usually, lawyers don't just run away from a known case like that.

[2] 🔔 Aptos bottom line

If we assume that Aptos has reached its bottom, then, according to the technical analysis of P_S_trade, now may be the time to fill your portfolio. According to the expert, if we now observe the lower limit of the asset, the peak of the third wave, shown schematically in the chart below, may rise to $60–80.

Thus, given that the token is currently trading at $6.8, the fulfillment of the aforementioned speaks about the growth of APT more than tenfold.

*Any technical analysis in the long run cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions

[3] 🔔 Drop from Polygon zkEVM

The project recently went mainnet. Since then, the creator has first hinted at a drop for testers, and later it became known that on July 10, the token's utility will be revealed. There's a chance this is just a trap and no one will get anything, but the opposite shouldn't be excluded either.

Steps to follow:

• Adding the zkEVM network to MetaMask

• Using an official bridge

• Bridge to Bungee

• Bridge to Orbiter

• Bridge to LayerSwap

• Swap and add liquidity on QuickSwap

• Swap on AntFarm

• Using 0vix's landing

• Pass the survey

Farewell for now, folks. Stay knowledgeable and motivated, and continue riding the wave of digital assets. Until next time, take care and keep up the crypto enthusiasm.

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