- Bitcoin is holding near $84,000 on Wednesday after repeatedly failing to break above the 200-day EMA.
- However, even in these uncertain times, an upcoming project has seen continued momentum.
- CartelFi is close to raising over $1 million within days of launching its presale.
Bitcoin is holding near $84,000 on Wednesday after repeatedly failing to break above the 200-day Exponential Moving Average at $85,000 since the weekend.
A move past that level would signal bullish momentum.
Meanwhile, Bloomberg reported that China is open to trade talks with the Trump administration, provided the US tempers hostile rhetoric.
The outcome of these discussions could have significant implications for the global economy and financial markets.
However, even in these uncertain times, an upcoming project has seen continued momentum.
CartelFi, the new, cartel-themed yield farming protocol, is close to raising over $1 million within days of launching its presale.
Upbeat signs for Bitcoin
CryptoQuant’s latest weekly report noted that Bitcoin selling by large investors has slowed, while miner sales have increased.
Data shows daily BTC sales from large investors have dropped from a February peak of 800K to around 300K BTC.
This decline follows sustained losses since late February amid weaker prices.
In a separate development, Semler Scientific (SMLR) filed with the US SEC on Tuesday for a $500 million shelf registration to acquire additional Bitcoin.
The funds will further the company’s Bitcoin treasury strategy, first adopted in May 2024. Semler currently holds 3,192 BTC.
In a post on X, chairman Eric Semler stated, “We have reached a settlement in principle. I’m EXCITED TO BUY MORE BTC!”
Why CartelFi is making waves
CartelFi is gaining attention as a new entrant combining meme coin speculation with decentralized finance.
The protocol offers specialized liquidity pools for meme tokens, allowing investors to earn yield on typically idle assets.
Yield farming for meme coins has long been discussed but never successfully implemented.
CartelFi positions itself as the first platform to offer a practical, working solution.
In the current DeFi landscape, earning yield usually requires selling volatile assets like PEPE or DOGE and reallocating to more stable, “responsible” assets like stablecoins, ETH, or blue-chip tokens.
These assets are then placed in liquidity pools, which typically offer modest returns, often ranging from 5–10% APY.
However, this approach poses a significant issue for meme coin holders.
They often find themselves having to sell their tokens at unfavorable times, either locking in losses or exiting before a potential rally.
This results in inefficiency, with billions of dollars in meme coins sitting idle in wallets while holders wait for the next big price surge.
CartelFi seeks to address this by offering specialized liquidity pools designed specifically for meme assets.
These pools provide high-yield APYs—up to 300% on popular tokens like PEPE—allowing meme coin holders to earn yield without forfeiting their exposure to potential moonshot gains.
The CartelFi presale refuses to slow down
The CartelFi presale has already raised over $990,000 from early supporters.
The presale is structured in 30 stages, with a 5% price increase at each stage, rewarding early investors and creating a sense of urgency.
Currently priced at $0.032, the token will increase to $0.0336 in the next phase, positioning initial round investors for significant gains by the time CARTFI hits public markets.
CartelFi’s unique proposition—transforming dormant meme coin capital into yield-generating assets—sets it apart in the DeFi space.
This presale offers a rare chance to get in early on what CartelFi describes as the “first DeFi project turning memes into money printers.”
Interested investors can visit the CartelFi website for more information.
This article is a collaboration between our Editors and our Partners, and it may contain sponsored advertising content and links. The content is not intended as financial advice and is for informational purposes only.
