Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Ghibli Memecoins Surge: AI-generated Ghibli-style images sparked a memecoin boom, with GHIBLI soaring 39,010% to a $20.8M market cap in 19 hours.

2. 🪂Airdrop Essentials🎁: Get the latest airdrop now! Read UseTheBitcoin’s “Avalon Airdrop Guide” to learn more on how to qualify and participate in the Avalon airdrop!

3. Hyperliquid Exploit Fails: A trader’s JELLY token manipulation attempt on Hyperliquid backfired, trapping nearly $1M in unrealized gains.

4. Binance Exec on Nigerian Detention: Binance’s Tigran Gambaryan claims his eight-month detention in Nigeria was a political move to extract money from Binance.

5. 💡Feature of the Day - Bitget CEO Criticizes Hyperliquid: Bitget’s Gracy Chen compared Hyperliquid’s handling of the JELLY incident to FTX’s collapse, criticizing its centralized control over perpetual markets.

   
   All this and more in today’s headlines!

📰 News Highlights:

Ghibli Memecoins Surge [Source][Source][Source][Source]

The recent update to OpenAI's ChatGPT-4o image generation has flooded social media with Studio Ghibli-style images, leading to a surge in Ghibli-inspired memecoins.

Elon Musk and Sam Altman fueled the trend by posting AI-generated portraits of themselves, although neither directly endorsed any token.

The most prominent Ghibli-themed token, Ghiblification (GHIBLI), skyrocketed to a $20.8 million market cap within 19 hours, gaining 39,010% in value.

While some traders hope this trend will breathe new life into memecoins, risks remain high.

🪂Airdrop Essentials🎁:

Avalon Airdrop Guide

Avalon’s Quest System lets you earn points by completing simple tasks like linking your X, Discord, and MetaMask wallet. These points could unlock future rewards—including a potential airdrop!

🔹 Bonus Alert: If you used Avalon’s old quest platform, sign up with the same email to instantly claim 1,500 extra points!
🔹 Daily Rewards: Check in daily for more points, and stay tuned for new quests.

💡 Avalon is an AI-powered MMO backed by $23M from top investors like BITKRAFT Ventures, Hashed, and Coinbase Ventures—reshaping the gaming world.

🛠 How to Qualify for the Airdrop:

1️⃣ Sign up on the Avalon Quest platform.
2️⃣ Use the same email (if you joined the old quest system) for a 1,500-point boost.
3️⃣ Complete your profile & connect your accounts.
4️⃣ Explore quests and claim daily rewards.
5️⃣ Stay active—new quests drop regularly!

🔗 Read the full Avalon Airdrop Guide for details! 🎁

Today’s Sponsor:

Crypto tax reports in under 20 minutes!

Koinly calculates your cryptocurrency taxes and helps you reduce them for next year. Simple & Reliable.

• Available in 20+ countries

• Free report preview

• Form 8949 & Schedule D

• TurboTax & TaxAct

• HMRC / ATO / CRA Report

🎁Freebie:

Download your free ebook now and take the first step toward mastering CRYPTO IN UNDER 60 MINS!

Hyperliquid Exploit [Source]

A trader attempting to manipulate Hyperliquid’s system in a JELLY memecoin exploit may have lost nearly $1 million, according to Arkham Intelligence.

The trader set up multiple accounts to leverage price fluctuations, but Hyperliquid’s liquidation system restricted withdrawals.

The scheme, which involved a mix of long and short positions totaling millions, initially appeared successful as JELLY surged 400%.

The trader managed to withdraw $6.26 million but still has $1 million trapped on the platform.

Binance Exec Talks Detention [Source][Source]

Binance executive Tigran Gambaryan shared details of his eight-month detention in Nigeria at the DC Blockchain Summit.

Gambaryan claimed Nigerian authorities used him as leverage to extract money from Binance, suggesting his charges were politically motivated.

While detained, Gambaryan suffered from severe health issues, including pneumonia and malaria.

Despite his ordeal, Nigerian authorities dismissed his claims as “baseless.”

💡 Feature of the Day: 

Bitget CEO Slams Hyperliquid [Source][Source][Source]

Bitget CEO Gracy Chen criticized Hyperliquid’s handling of the JELLY token incident, comparing it to FTX’s collapse.

Hyperliquid delisted JELLY perpetual futures on March 26, reimbursing users after detecting suspicious market activity.

Chen argued that Hyperliquid operates more like a centralized exchange, making it vulnerable to manipulation.

😂 Crypto Meme of the Day: 

Meme of the day provided by @Phemex

And that’s it for this today.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com