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ByBit lost $1.5 billion worth of ETH. Milei got charged with fraud. Ye plans to launch a memecoin.

The total crypto market cap is the same now as before any of those things happened.

Time to worry? Cause for celebration?

This week’s market update has the answers you’re looking for.

In that update, I compared Bitcoin’s progress to previous halving cycles, scanned some metrics to clarify the overall mindset of the market, and talked about some altcoin “strategery.”

I also wondered why Saylor’s taking so long to raise his next round of funds. After I posted the update, I found out. He’s set for another $2b offering on March 1.

That’s far short of the money he raised last year. Let’s watch the response to this new round—that will help us understand how much more interest the legacy markets still have for Bitcoin exposure.

Did you take out your initial capital and lock in a 30% gain on S, formerly FTM, as mentioned in last week’s rundown and described in the trade alert update from earlier this week?

Savor the “W” and enjoy your profits!

Let’s not forget the BANGER monthly post, Uncle Sam Wants to Pump Your Bags. What Could Go Wrong? 

In that post, I laid out the “macro” landscape and what that means for your portfolio and expectations.

Scroll down for a poll and some content you may enjoy.

You can reply to this email to contact me directly. Or, use this button to leave a comment at the bottom of any post.

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Chart of the Week

Davis Reveals Tactics to "Max Extract" from Memecoins Like LIBRA and MELANIA

The Defiant summarized a common memecoin tactic implemented to perfection with the MELANIA, LIBRA, and ENRON memecoins, as revealed to coffeezilla on Youtube.

Read the article for details so you know what to look for. Some basic terms:

• Sniping: using on-chain data and wallet tracking to spot pumps and quickly buy-sell. This briefly manipulates prices higher to trigger FOMO, then sends prices lower to cash out with your money.

• Paying for endorsements: paying well-known, trusted people to interact, post, and market the project to their followers.

• Holding the proceeds in private, non-affiliated wallets: it’s a team member’s wallet but with a transaction history that, from an outsider’s perspective, looks like somebody not affiliated with the team, such as a skilled trader or lucky speculator.

To be fair, not every memecoin creator does this, and not every memecoin suffers from these strategies. For example, DOGE and PEPE.

Makes you wonder how Ye will approach his memecoin.

Poll

Where is the safest place to park your money in crypto?

Bottom line: To protect your crypto proceeds, check your network security, choice of protocol, and choice of stablecoin. Your Crypto Community has some tips.

My take: While I wouldn’t park your money in ETH, I agree with YCC’s commentary about platforms built on Ethereum. Pay special attention to the criteria they use for scouting stablecoins.

Why you should care: It’s easy enough to lose your money from rug pulls and market volatility. Don’t let your own errors hurt you, either!