π€·ββοΈ Crypto Shrugs Escalating Tensions: Lookout For Entries!
π PACKED WITH VALUE, INSIDE: Tesla's RoboTaxi | AI And DePIN Small Caps To Watch | Circle Valuation VS Reality
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π Market Catch-Up
π’ Market Recovery & BTC Leadership
π° Question of the Day
π Degensβ Den
π Teslaβs Robotaxi: The Future Is Auto
π€ AI & DePIN: Real-World Signals
πΌ Circle Valuation vs Reality
π Macro Outlook: Incoming Data Week
πΈ MEMEoirs of a Degen!
π’ Biggest Announcements
π Banterβs Take
GM Degens β June 23, 2025
Markets are holding their breath.
Geopolitical drama escalated over the weekend, but crypto barely flinched. Bitcoin bounced. Oil didnβt spike. And the Strait of Hormuz? Still open β for now. When the world shrugs at airstrikes, you know the market has already priced in chaos.
Letβs unpack everything from macro FUD to the latest in AI-powered DePIN, and spotlight a few standout trading plays.
π Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
Source: CoinMarketCap
π Global Tensions & the Marketβs Shrug
Over the weekend, the U.S. reportedly launched precision airstrikes on three Iranian nuclear facilities. While reports vary on the damage, the market reaction was remarkably muted.
Iran again floated the idea of closing the Strait of Hormuz
Europe and China are unlikely to let that happen β both rely heavily on that corridor
Oil prices barely moved, despite the escalation
Sometimes, the lack of a move says more than the headline.
π’ Market Recovery & BTC Leadership
While TradFi watches geopolitics, crypto shrugged and kept moving.
BTC posted a sharp V-shaped recovery post-airstrike
BTC dominance is at multi-year highs β clear institutional preference
Total crypto market cap briefly touched $3 trillion
Altseason index remains near all-time lows β alts still struggling
Smart money is consolidating into BTC and stepping away from low-conviction alts. This is not meme season. This is risk management season.
π Degens' Den
Real Trades. Real Plays.
J opened longs in BTC, Hype, and Far β all currently in profit
Kapoor closed all shorts on Ethena except BTC, waiting for a long reentry
Andrei rotated into Hype and Useless β Useless popped +10% after entry
The edge right now is in precision and timing. Big gains are still out there β just not for everyone.
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π Teslaβs Robotaxi: The Future Is Auto
Tesla officially launched its robotaxi service, using a flat-fee model with user-owned vehicles.
Charging stations will feature robotic arms for seamless recharging
Owner incentives could create a decentralized logistics mesh in urban areas
Itβs not just good for Tesla. Itβs another real-world case for the βmachines-do-it-betterβ thesis β from transport to trading.
π€ AI & DePIN: Real-World Signals
The DePIN narrative is gaining steam, but only a few projects are standing out.
Natix is building a network of car-mounted devices to collect and tokenize geospatial data
Auki overlays AI-driven sensory input on real infrastructure
Most DePINs are noise β only hardware + incentive-based plays show promise
If youβre betting on the AI + crypto convergence, this is your watchlist.
πΌ Circle Valuation vs Reality
Circleβs IPO valuation just overtook FedEx β a $63B company β despite limited revenue and regulatory fog.
USDC supply hasnβt kept pace with valuation growth
Some analysts are calling it the first true crypto IPO bubble
Still, a successful IPO could attract capital into stablecoin infrastructure plays
If you trade narratives, keep this one close.
π Macro Outlook: Incoming Data Week
A big week ahead:
New U.S. inflation numbers
Updated jobless claims
GDP revision estimates
Fed speakers on Thursday and Friday
Meanwhile, Raoul Palβs M2 liquidity model is still flashing an accumulation zone. Historically, these dips donβt last β unless the macro picture breaks down.
πΈ MEMEoirs of a Degen
π’ Biggest Announcements
U.S. airstrikes on Iranian nuclear sites saw muted market response
BTC dominance rising while alts lag
Teslaβs robotaxi launch highlights real-world AI themes
Natix and Auki are DePIN standouts with real traction
Circleβs IPO valuation now exceeds FedEx, sparking debate
Major macro data drops lined up this week
π Banterβs Take
Being long degeneracy isnβt about memes or chaos. Itβs about spotting the narratives no oneβs trading yet β like tokenized geodata and AI-run logistics.
Crypto isnβt dead. Itβs bored.
And boredom is where the best setups begin.
Weβll be back to usual programming from tomorrow, let us know what you thought about our takeover week!
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Azraelβs summaries were way better. Something seems off here. Like Ran micromanaging too much. It doesnβt help that he gives lackluster alpha when heβs getting in on the ground floor before pumping bags. But thatβs the name of the game
Haven't read the newsletter for a week, but something felt wrong, There wasn't the concise impactful message. Now I see why. Bring back Azrael, he is needed