💣 Is It Over For Unibot?

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

Here’s what we have for you:

Hey Raiders, how are we doing mid week?

Yes I know, this isn’t the long form that you’re used to. Fret not, we’re merely giving you more alpha and timely updates with this mid week edition.

The Chicago Mercantile Exchange, a old and well-established player in the world of TradFi, recently became the second largest BTC futures exchange. At $3.53B in open interest, it is only just behind Binance at $3.84B of open interest. If this isn’t a sign of institutional interest in Bitcoin and crypto, idk what to say.

Celestia’s token, $TIA, launched yesterday. It’s currently trading at a $318M market cap with a $2.25B FDV. Considering the fact that the community only got a little more than 7%, but the investors and the team received more than 50%, I don’t expect any further upside for the token.

Lastly, Unibot, the ever-popular trading bot was exploited. This follows a recent exploit on Maestro, another popular trading bot. Unibot was exploited for $640K. However, they quickly stated that any funds lost due to the bug will be compensated. It seems like these telegram trading bots are pretty good at refunding users.

-RektRadar

Backpack launches an exchange

• Backpack is synonymous with the MadLads NFT collection. You probably know they have a wallet (Backpack), and created xNFTs. They’re now expanding the game.

• Backpack is planning to release a fully regulated exchange through a VASP license from the Dubai Virtual Assets Regulatory Authority. Very interesting move coming from a wallet company.

Hyperliquid points program

• Hyperliquid is an orderbook perp DEX on its own Hyperliquid L1. It’s currently in mainnet closed alpha with over 70+ assets. Personally I’ve had a load of fun trading pre-launch futures there.

• It has just launched a points program where afiiliates will earn 1 point for every 4 points their referred users earn. Much like friend.tech, points criteria will be updated on a recurring basis

Radiant Capital launching on Ethereum (soon)

• In less than 48 hours, Radiant Capital will officially launch on Ethereum mainnet. Radiant Capital is one of the most successful cross-chain lending markets, so a mainnet launch should further cement its dominant position.
  

• It makes sense for cross-chain protocols to launch on Ethereum mainnet given the liquidity and network effects present on Ethereum, so this should be a big boost for the protocol.

A list of current narratives, good to follow if the market heats up. I especially like AI coins.

Speaking of AI, OpenAI (WorldCoin) dev day is happening on November 6, Don’t fade AI guys

Which smart wallets to follow and their gem coins

$TKST as an exciting protocol from the ex-Ethereum Foundation team that may take over Unibot with its account abstraction

Thorchain $RUNE volume hitting an all time high. Trend has been strong for quite some time.

Pendle and Kujira have both have surging TVL that grows faster than its price

Bittensor is not properly ranked on Coinmarketcap or Coingecko but could take advantage of the AI narrative

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