💣 Who Is Filing These Fake ETFs?

A weekly recap of the largest crypto events and narratives, with an extra dose of insight.

Here’s what we have for you:

• Fake ETF filings

• Market outperformers

• Epic games store listing

• dYdX trading

• Stasis partnerships

GM Raiders.

Mid week update. On Monday, there were reports of an XRP trust filing by BlackRock. However, those were quickly dismissed to be fake. In between those two events, XRP still pumped 10%. The event has now been firmly put into the crosshair of the Department of Justice, so god speed to whoever played this prank.

In other news, markets are chopping sideways, with some notable outperformers. As usual, $SOL is still ripping up, other tokens such as $TIA and $DYDX have also seen considerable strength. Several gaming tokens such as $ILV and $PRIME are also barely seeing any downside.

-RektRadar

Parallel <> Epic Games Store

• Did you know there are over 60+ crypto games on the Epic Games Store? This week, Parallel joins the list. The game will soon be released on the Epic Games Store for Open Beta.

• There’s a growing trend of gaming projects that have been listed on the Epic Games store getting a small pump, so place close attention to slightly larger gaming projects.

dYdX trading goes live

• The first positions are being opened on dYdX. As the DYDX token continues its migration, trading has opened up, with the list of tradable assets greatly expanding soon pending implementation after a governance vote.
  

• DYDX stakers receive 100% of fees, including protocol fees and trading fees, and one could expect to see staking APRs in the high double digits. Importantly, all yield is paid out in USDC, rather than the native token.

Stasis partnerships galore

• We all know how large the market for stablecoins is. And the greenfield opportunity for non-USD stablecoins is even larger given the lack of incumbents. One player that’s making moves is STASIS, a European fintech firm acting as the bridge between TradFi and web3.
  

• Their product? EURS. A superior euro stablecoin, with unlimited account limits and much more interoperability with banking systems. They’ve also announced a bunch of partnerships, including ones with Propine, Holdheld, Assetux, and Chaintrail.

1. FTX have sold a large amount of its liquid $SOL from cold storage. And price is going up. Do with that info what you will.

2. Want high beta exposure to $SOL? Then your best bet is probably $BONK, the Solana memecoin.

3. Here’s a list of Solana tokens that may or are already planning an airdrop.

4. Kucoin has introduced pre-market trading for $PYTH. If you think $3B FDV is too low for an oracle token, consider a long.

5. Banana Gun numbers continue to be insane. I would guess the telegram trading bot narrative continues.

6. Spartan announced a follow-on investment into Pendle. The institutional bid continues. Maybe you should bid too.

Want to trade real estate on leverage? You can do so on Parcl

Jupiter is currently the 3rd largest DEX by trading volume. Pretty crazy.

USDV has launched. It’s a native omnichain stablecoin backed by short-term treasuries. It is built using ColorTrace, a novel algorithm developed by LayerZero.

Aurory updates on the way. Does the token catch a bid?

Banana is onboarding 500 new users a day. So bullish.

Ansem likes $PRIME, $DYDX, and $RLB. Those are all solid plays for the next bull.

Multibit Bridge is a DEX for BRC20s. Could continue to pump while the BRC20 plays out towards its end.

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