🕵️‍♂️ Blur and Arbitrum tokens have an unexpected common thread

Hey there, fellow crypto wizards! It's your buidlbee team here. Ready to ride the blockchain rollercoaster and turn those zeros into ones? Time to HODL on tight and let's moonwalk our way to those digital treasures with us! 🚀💰🌙

Here's what you'll find in today's letter:

1. Launch of spot Bitcoin ETF in Europe - our thoughts;

2. About the $BLUR and $ARB dumps - we analyze the general pattern;

3. Technical analysis* of Render ($RNDR) - bullish sentiment;

4. How to get a drop from MintDotFun.

About the most important thing in 24 hours:

• Elon Musk wrote that Mark Zuckerberg refused to fight him at the Colosseum.

• The 90-day volatility of BTC and ETH has fallen to multi-year lows of 35% and 37%, respectively, making them less volatile than oil at 41%.

• Sei delayed its airdrop until the "ecosystem warms up".

• The SEC has deferred decisions on all BTC ETF filings until 2024.

• Dubai regulator fined OPNX exchange for $2.7M.

• Bybit disqualifies team #1 (Apolloventures.cz) in the WSOT trader competition. The team consisted of only 17 people, but its cost-effectiveness amounted to almost 4200%.

• Binance will remove and cease trading on these spot trading pairs: CKB/BUSD, FARM/BUSD, ORN/BUSD, REN/BUSD, SKL/BUSD, UFT/BUSD, ZEN/BUSD, ZRX/BUSD.

📏 About the uselessness of regulation in the example of ETFs

We have discussed many times that the cross-border nature of crypto will prevent even large regulators like the US from effectively regulating this new digital asset. Attempting to ban an asset in one jurisdiction immediately spawns several competing jurisdictions that defiantly allow it to be done (in order to make a quick buck on the restriction). A very good example of this constant confrontation between different countries and politicians is the recent decision to launch a European ETF.

Europe's first spot Bitcoin ETF was registered yesterday in Amsterdam. It will trade under the ticker BCOIN, and those buying the asset will pay the fund a 1.5% annual management fee. It is indicative that this happened simultaneously with the next refusal of the US SEC to launch a spot ETF (or more precisely, the decision has been put on pause for the time being). And now a huge European market is offering to enter the asset through it, while America is pondering whether to allow or ban crypto.

What we realized looking at these games between countries:

• The former win, the latter are guaranteed to lose. Therefore, banning crypto is simply a voluntary refusal to participate in the civilizational race. Even if this decision is eventually revised, the leaders of this dynamic market will already be formed and the catching up will be an outsider.

• Judging by the market's rather weak reaction to the imminent launch of the European spot ETF, it must be recognized that America and China occupy an extremely important position in the world due to the size of their economies. And although their decisions are extremely important, they do not decide the fate of crypto monopolistically due to the cross-border nature of cryptocurrencies.

💲 Ideas

[1] 🔔 What is wrong with the tokenomics of shitcoins

To start with, here are two theses that will save you a lot of $$$ and nerve, as well as help you understand the psychology of the shitcoins market.

• Thesis one: little-known altcoins from the second league (shitcoins) lack HODL culture, i.e. there are practically no long-term holders of such dubious coins. Short-term primitive speculation in the style of "buy today cheaper — sell tomorrow more expensive" prevails.

• Thesis two: All issues of new projects in the league of shitcoins are carried out with the mandatory freezing of most of the emission of such tokens. Because of the risk of market collapse, unlocking is done cautiously, gradually and for small amounts. Otherwise, the tokenomics of such coins are inoperable and prone to zero.

Let's see how this mechanics works in real life in today's examples.

Today another BLUR's unlock started. 49 million unlocked BLURs ($13.25 million) were immediately transferred to Coinbase for sale. Very typical chart with Blur plummeting 15% at the moment:

53 million ARBs were transferred today from a multi-subscription address labeled "Arbitrum: ARB Vesting" to 151 vesting contracts. This is probably in preparation for the first ARB unlocking. Which immediately triggered an avalanche of selling by a nervous public:

From thesis 1 and 2 it is easy to predict any behavior of shitcoins quotes: people mostly do not try to keep them, but on the contrary at the first possibility they immediately get rid of this digital trash. So any massive unlock is equivalent to a natural disaster in such a small market. You need to be aware of this specificity and risks if you suddenly decide to tie your fate to any altcoin from the secondary league.

In this fragile "No HODL" market, the speed of turnover decides everything — buy first before the pump and sell first before the rapid collapse. It's a market of crypto cowboys that compete in speed shooting.

[2] 🔔 Is Render (RNDR) dropping lower?

In the current market situation, RNDR is testing the resistance level on a daily timeframe. Resistance levels are historical price levels where selling interest has previously occurred, potentially preventing further upside. Plancton's analysis has shown that after the current test of the daily resistance level, further downward movement of the token is expected (which is happening at the time of writing).

The next target is $1.4.

*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 MintDotFun

Mint.fun is an NFT platform where you can mint, purchase, and even accept offers for any existing collections on the ERC-20 network, thus bringing them to the top and promoting them among other users, like Zora (you can do 2in1), a useful topic for beginning authors.

What to do

• Go to mint.fun and connect your wallet;

• Mint !fundrop pass and tweet after doing so;

• Then go to the settings, add, and confirm your email;

• Go to the main page Minting now, and mint NFT (cheaper in OP);

• You can install the extension, it gives you additional points;

• It is important to do the mint for 7 days in a row (once is enough);

• And you can invite 5 friends.

Alright, crypto compadres! Time to log off and let the blockchain do its thing. Remember, don't FOMO, and if the market dips, just HODL your popcorn. Catch you on the flip side! ✌️🔒👋