Dgenz Crypto Weekly 050

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Table of Contents

• Market Pulse

• Weekly Charts

• Token of the Week

Coinbase vs Mastercard: Battle of the Billions

Two giants are circling one of the hottest stablecoin startups in the game. Coinbase and Mastercard are in advanced talks to acquire BVNK, a UK-based fintech building the rails for stablecoin-powered payments. The deal could value BVNK between $1.5B–$2.5B, making it one of the largest acquisitions in crypto to date, possibly topping Stripe’s $1.1B Bridge deal from earlier this year. BVNK isn’t your average startup. The firm helps businesses plug stablecoins into payment systems, cross-border transfers, and treasury ops. It’s raised over $50M so far, including backing from Visa. And now it’s got both Coinbase and Mastercard lining up with checkbooks in hand. Why the feeding frenzy? Because stablecoins are no longer fringe finance, they’re fast becoming critical infrastructure. Coinbase is already deep in the game through its partnership with Circle (USDC), and snapping up BVNK could let it control both issuance and enterprise distribution. Mastercard, on the other hand, may just be playing defence and trying to stay relevant if stablecoins start replacing traditional card rails. This isn’t just another M&A headline, it’s a sign that big firms now see stablecoin infra as too important to ignore. With new regulations (like the GENIUS Act in the U.S.) rolling out and Circle going public, the stablecoin space is turning fully legit. Whether it’s Coinbase or Mastercard that seals the deal, one thing’s clear: BVNK is sitting at the centre of a digital money land grab, and the winner could reshape how stablecoins power the next evolution of payments.

Monad Might Actually Launch… Someday

After what feels like a 2-year teaser trailer, the long-awaited Monad airdrop is kicking off next week, well… sort of. The team announced that its claim portal for the MON token will go live Tuesday, but hold the hopium, that’s just the portal, not the actual airdrop or the mainnet launch. Still, this is the first real movement we’ve seen in months. No word yet on who’s eligible, how many MON tokens are up for grabs, or what the distribution looks like but betters say this one’s coming in hot, even ahead of expected airdrops from OpenSea and MetaMask. For those living under a rock, Monad is the much-hyped Ethereum/Solana rival that raised a mind-melting $225M from Paradigm in 2024. Its pitch? A lightning-fast, scalable, EVM-compatible chain that doesn’t compromise on security. It’s been in testnet since February, with builders launching everything from DeFi apps to meme coins using valueless testnet MON. No confirmation yet, but if you’ve been active there, you might just be on the airdrop list. Originally built by Jump Crypto alum Keone Hon, Monad’s vision hinges on the idea that DeFi lives and dies on EVM chains, but Ethereum’s scaling woes leave room for a better version. Whether MON will be that token remains to be seen, but the airdrop hype train is gaining serious steam. Stay tuned. The tokenomics, eligibility details, and mainnet launch are all “coming soon”. Until then, you might want to start brushing up on your wallet activity… just in case.

Boomers Laugh As Precious Metals Take The Stage

Bitcoin has hit the brakes after its explosive run, now hovering around $121.2K, down 0.4% on the day, but still up 7.5% over the past month. While BTC is only 4% off its recent ATH above $126K, other markets are stealing the spotlight. In the last 24 hours, the S&P 500, Nasdaq 100, gold, and silver have all set new all-time highs. Gold just cracked $4,000, silver passed $51, and traders are starting to wonder if Bitcoin can keep up. On the prediction market Myriad, nearly 70% of users think gold will outperform Bitcoin this year. That take doesn’t come out of nowhere either, gold is up 53% YTD, while Bitcoin has “only” gained 29%, rising from $94K since January. Macro uncertainty has clearly lit a fire under hard assets across the board. And while traders looked to Jerome Powell for clarity, they got... crickets. The Fed Chair’s speech at the Community Bank Conference was under a minute and said nothing about rate policy leaving markets guessing ahead of the FOMC’s next meeting. Bitcoin dipped another 1.3% after the speech, falling below $122K. For now, Bitcoin’s just catching its breath. But with everything else printing new highs, you can bet it won’t sit still for long.

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TOTAL3

The TOTAL3 chart (aka crypto market cap excluding BTC and ETH) just broke through its weekly 2021 high of $1.13 trillion… and it's now officially in price discovery mode. After six failed breakout attempts over the past year, attempt number 7 finally broke the ceiling and last week’s candle closed at $1.14T.

So what now? Well, if we look back, the TOTAL3 peaked at ~$358B in the 2018 bull run, then 3x’d to ~$1.13T in 2021. If history repeats, and we pull another 3x from here like we did in 2021, TOTAL3 could be headed to around $3.5 trillion. But here's a reality check for you… as asset classes become more valuable, they require greater amounts of investment to move up in price. That same 3x now would require over $2.4 trillion in fresh capital. Not impossible, but it’s a much taller order than last cycle’s ride. That said, even without a full 3x, the technicals are screaming “up only” over the next 6–12 months. And for altcoin enjoyers? That’s more than enough reason to get bullish.

USDT Dominance

As we discussed last week, $USDT.D went on to test our 1D QVWAP as well as a small bearish FVG before reversing back down, but this only lasted for a day. Yesterday, price action resumed back up to try and fill the much larger bearish FVG we left behind at it’s true resistance. We also just saw a close above our 1D QVWAP so I wouldn’t expect to see a quick rejection back down, I think we test this resistance again and chop within this 4.34-4.5% range over the weekend before coming back down to our support next week.

Others Dominance

Remember that double top we flagged back in September? Yeah, that neckline retest and rejection played out almost textbook. Since then, most altcoins have been in hibernation mode, and it’s no mystery why. Bitcoin dominance has been hogging all the attention, while ETH quietly siphoned off the rest of the liquidity. You can see that in the $TOTAL2 breakout and rising $ETH.D. Translation? The wider altcoin market’s been crickets lately. But that might be about to change. I’m eyeing 7.4% on $OTHERS.D as a key support level, it’s also the 0.786 Fib from the August 2 low to the Sept 13 high. If that level holds, I’m looking to go long on the bounce. Lose that support though and things could get spicy. We’re talking a trip down to 7% and June lows. Doubtful we see that happen, but if we paired that with Bitcoin dipping then you’ve got a prime setup for some altcoin shorts.

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Four - $FORM

Four (FORM) is the rebranded incarnation of BinaryX (BNX) on BNB Chain, combining GameFi roots with a new full-stack DeFi + meme token ecosystem. After a community-driven swap and rebrand in early 2025, Four has expanded beyond gaming into Four.meme, a fair-launch platform for meme tokens, alongside its existing IGO and GameFi offerings.

What Does Four Do?
Four functions as an integrated GameFi + DeFi + MemeFi hub. Its gaming arm lets users play, earn, and mint NFTs (e.g. in games like Ai Hero). Its IGO launchpad supports early access to new blockchain games. The flagship Four.meme platform enables creators to launch meme tokens fairly (no presale, no insider allocations) with a built-in liquidity injection mechanism. Users, gamers, and meme enthusiasts all converge in the same ecosystem.

How It Works?
Four is a BEP-20 token ecosystem on the BNB Chain, benefiting from fast transactions and low gas costs. When a new meme token reaches a threshold (via a bonding curve), Four.meme injects liquidity to PancakeSwap. $FORM acts as the governance token, in-game currency, and staking asset. Holders vote in a DAO on proposals, and FORM is burned via platform fees to reduce supply.

Tokenomics & Incentives
FORM replaced BNX in a 1:1 token swap, maintaining continuity of utility. The total FORM supply is now capped at 580 million tokens, per a governance decision reducing previously planned inflation. Roughly half of supply is in circulation, with the rest reserved for developer incentives, ecosystem growth, and staking rewards. Platform fees from Four.meme launches are used to buy back and burn FORM, adding deflationary pressure tied to ecosystem growth.

Ecosystem Impact
BinaryX previously had strong GameFi traction on BNB Chain (games like CyberDragon, IGOs) and several tens of thousands of holders. After rebrand, Four.meme’s volume and activity spiked, with the platform handling hundreds of millions in trading volume and many meme token launches. Listing on major exchanges (e.g. Binance) at rebrand launch added liquidity and legitimacy. Gaming, token launch, and DAO tools positions Four as a multi-vertical hub on BNB Chain.

Recent Developments
- The rebrand from BNX to Four with ticker change to FORM was completed in early 2025, with token swap and new contracts live.
- Binance supported the swap, delisting BNX pairs before relaunching FORM trading pairs (FORM/USDC, FORM/USDT, etc.) on March 19, 2025.
- The rebrand was framed by the Four team as a pivot “from GameFi to DeFi,” to support launchpad, meme projects, and broadened DeFi tools.
- The community aggressively promoted Four.meme launches during 2025, increasing attention, liquidity and ecosystem growth

What’s Coming Next?
- Four is exploring bridges and multi-chain support for its launchpad and meme tools.
- New GameFi titles to deepen user engagement.
- As Four.meme grows, burn events tied to fees may accelerate FORM’s scarcity.
- More DAO proposals giving holders influence over ecosystem direction and parameters.

TL;DR
Four (FORM) is the evolved version of BinaryX, merging GameFi, DeFi, and meme launch tools into one ecosystem on BNB Chain. After a community-backed swap and rebrand in 2025, FORM became the governance, utility, and settlement token. Its capped supply (580M) plus burn mechanisms tie tokenomics to platform growth. Four’s combination of gaming, token incubation, and community governance has turned FORM into a go-to token for both gamers and meme builders. If Four can continue growing its meme token launches, retain community trust, and scale cross-chain, FORM may become a core infrastructure token in the BNB DeFi space.

Technical Analysis
We have a solid up trend on the 1HR here so I’ve taken a low lev long from $1.22. I also have a DCA lined up at $1.1689 that is double the size of my entry in case we go back to test our hourly support and trendline. Stops are a 4HR candle close below $1.09. You could also take this same setup spot if you prefer. Take profit levels are marked in green.

Market Cap - $477,526,061
24HR Volume - $512,604,149
Current Price - $1.22
All-Time High - $4.19 (-70%)
All-Time Low - $0.9132 (+33%)

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