🌶️ Bitcoin is "grossly undervalued" traders say. Big week ahead!

After red days, looks like we got a relief bounce. Nothing is clear yet whatsoever. But the crypto Twitter is kinda bullish. On the other hand, you know how fast the sentiment can change.

I just want to say to anyone who is still here — keep grinding, build when the market is going down, and don’t get shaken out. Just keep lurking and you will make it!

And here is what you’ll find in today’s edition:

• The US presidential elections remain the main topic in the crypto space - bullish vs. bearish news

• Bitcoin to reach $90,000 by the end of this year?

• Many airdrop opportunities

• New drainer hits the market

• and more…

📰 Crypto & Finance News

• Traders believe Bitcoin is "grossly undervalued" at current prices ahead of the CPI report and the Trump-Harris debate week.

• Kamala Harris has released her policy positions, but Bitcoin and cryptocurrency are notably absent.

• Bernstein predicts Bitcoin could reach $90K by year-end if Trump is re-elected.

• VanEck will close its Ether futures ETF following the launch of its spot ETH fund in July. However, they are going to offer different financial products related to ETH.

🪂 Airdrops & Opportunities

• Scroll Pump airdrop for Scroll Origins NFT holders. Always stay vigilant and check what you sign and connect.

• Mint Rhino.fi pass that unlocks rewards and benefits.

• The new Xion quest is live.

• Two new EtherScore badges are available to acquire.

🤡 Degen Section

• SunPump’s sun goes down. Its revenue is almost 10 times less than that of PumpFun.

• New bets of the presidential debate on Polymarket. Kamala to win the first debate?

🔒 Security

• Trezor and other hardware wallets are at risk from a new side-channel attack called "EUCLEAK."

• Angel Drainer has released AngelX, the most advanced wallet drainer in Web3 known at the moment.

🦁 Alpha & Insights

• Renzo Protocol introduces $ezSOL restaking — triple rewards: staking, restaking & MEV extraction.

• The first NFT by Stylus called Infinite Rainbows mint is live on Arbitrum.

• Tether's $100M investment in a Latin American agriculture firm could be a move towards tokenization. Must read, IMHO!

📈 Other Metrics & Numbers

• CryptoPunks big sales continue. Punk 9368 was bought for 550 ETH ($1,265,786.46).

• Machi Big Brother is down around $16 million in his $FRIEND position. Spent ±$16.7 million and now it’s worth $0.7 million only.

• Bitcoin ETFs have seen a combined $1.2 billion in outflows over the past eight days.

😶‍🌫️ To Cheer You Up

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Disclaimer: The content of this newsletter is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and can involve significant risk. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The opinions and information provided here are not a guarantee of future performance and should be considered carefully in the context of your personal financial situation.