Good Morning Crypto Enthusiasts!

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

1. Exclusive Dinner with Donald Trump: Purchasers of Donald Trump's "Mugshot" NFTs have secured the exclusive opportunity to dine with the former U.S. president at his Florida residence.

2. Nexo $12 Million Incentive Program: Crypto lending platform Nexo celebrates its sixth anniversary by announcing "Nexonomics-inspired hunt," a $12 million incentive program in NEXO tokens to reward users for engaging with its ecosystem.

3. Trader Suffers Seven-Figure Loss: A trader allegedly loses over a million dollars due to a contentious hard fork on the 0L Network, initiated without community consensus.

4. 📈Technical Analysis Masterclass - Having a hard time finding key indicators signaling bullish or bearish movements? Learn optimal entry and exit points for potential trades from UseTheBitcoin’s latest Technical Analysis Masterclass Youtube Video “Technical Analysis for BITCOIN, ETHEREUM, and TONCOIN.”

5. 💡Feature of the Day - Optimism's Superchain: Optimism announces plans to onboard layer-3 applications onto its Superchain, aiming to enhance scalability, interoperability, and functionality within its ecosystem.

   
   All this and more in today’s headlines!

📰 News Highlights:

🍽️ Exclusive Dinner with Donald Trump [Source][Source]

In an unconventional convergence of cryptocurrency and politics, purchasers of Donald Trump's "Mugshot" NFTs have secured an exclusive opportunity to dine with the former U.S. president at his Florida residence. This unique event, scheduled for May 8, will bring together crypto enthusiasts who invested at least $4,653 in Trump's digital trading cards, featuring his infamous mugshot taken during his surrender at the Fulton County Jail in Georgia.

Despite the event not being officially listed on Trump's website, anticipation runs high among crypto users, with many expressing their intention to attend the dinner at Mar-a-Lago.

Trump's surrender in August 2023, amid legal battles related to the 2020 election, marked a significant moment in U.S. political history, culminating in the creation of the first mugshot by a sitting or former U.S. president.

💸 Nexo $12 Million Incentive Program [Source][Source]

Celebrating its sixth anniversary, crypto lending platform Nexo announces a generous incentive program, allocating $12 million worth of NEXO tokens to reward users for engaging with its ecosystem. Dubbed the "Nexonomics-inspired hunt," the initiative aims to incentivize users to trade, earn, deposit, and borrow on the platform, fostering community participation and growth.

Running until July 7, the rewards program offers users the opportunity to earn points across various activities, including asset top-ups, Nexo Card activation, borrowing, and trading on the Nexo Exchange.

Participants can unlock additional rewards through multipliers and loyalty bonuses, enhancing the value proposition for engaging with the platform.

🔒 Trader Suffers Seven-Figure Loss [Source][Source]

Amidst the volatile world of cryptocurrency, a trader allegedly loses over a million dollars due to a contentious hard fork on the 0L Network. The hard fork, purportedly initiated without community consensus, resulted in significant losses for users, including pseudonymous trader NN, who claims to have lost millions of Libra tokens following the protocol's controversial decision.

The hard fork, triggered by a smart contract bug, underscores the challenges of governance and decentralization in blockchain networks.

NN's account of the incident highlights the complexity of navigating evolving ecosystems, where protocol changes can have profound implications for investors and stakeholders.

📈 Technical Analysis Masterclass:

Technical Analysis for BITCOIN, ETHEREUM, and TONCOIN

Bitcoin:

Offers opportunities for Long-Term Investing, with adaptable entry points based on market conditions.

• In a Bearish Scenario (Scenario A):

  • Entry points at 62k, 61k, and 60k.

  • Cut Loss set at 58,500.

  • Strategy revolves around Long-Term Investing.

• In a Bullish Scenario (Scenario B):

  • Aim for entry at 65k.

  • Cut Loss limit set at 62k.

  • Continue with Long-Term Investing strategy.

Ethereum:

Long-Term Investing strategy applies, with flexibility in entry points to align with market trends.

• Considering a Bearish Outlook (Scenario A):

  • Target entry points: 3060, 3020, 2970.

  • Maintain a Cut Loss level at 2935.

  • Strategy focuses on Long-Term Investing.

• Hoping for a Bullish Turn (Scenario B):

  • Seek entry between 3100 to 3300.

  • Maintain Cut Loss at 2935.

  • Long-Term Investing strategy remains intact.

Toncoin:

Ideal for Swing Trading, with predefined profit and loss levels for a bullish market scenario.

• Following a Bullish Trend:

  • Enter at Market Price.

  • Target Take Profit at 6.55 and 7.240 (Previous All-Time Highs).

  • Set Cut Loss at 5.27.

  • Strategy involves Swing Trading.

Having a hard time finding key indicators signaling bullish or bearish movements? Learn optimal entry and exit points for potential trades from UseTheBitcoin’s latest Technical Analysis Masterclass Youtube Video “Technical Analysis for BITCOIN, ETHEREUM, and TONCOIN.”

💡 Feature of the Day: 

🚀 Optimism's Superchain [Source][Source]

Optimism, a leading Ethereum scaling solution, announces plans to onboard layer-3 applications onto its Superchain, unlocking new possibilities for developers and users alike. By extending support for layer-3 protocols on the OP Stack, Optimism aims to enhance scalability, interoperability, and functionality within its ecosystem.

The introduction of custom gas tokens and Plasma Mode represents significant milestones in Optimism's journey towards facilitating layer-3 development.

These features offer developers greater flexibility and efficiency in building decentralized applications (DApps) while optimizing resource utilization and transaction throughput.

📈Technical Analysis Masterclass /🫨 What’s Buzzing? / 📜 Your Daily Thread:

😂 Crypto Meme of the Day: 

And that’s it for this today.

With all of the recent hacks taking place, remember to protect your crypto assets with today’s sponsor Trezor hardware wallets.

See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com