Plus: Solana joins the ETF membership
GM. This market’s extra blended than a fruit punch – let’s sip slowly and see what hits first.
🤔 What’s mistaken with the altcoin market?
🍋 Information drops: speaking to dolphins, a Solana ETF + extra
🍍 Market taste in the present day
Ay yo, what’s that rocket flying previous us?..
Is it… crypto?.. 🥹
Nope. False alarm. Simply Katy Perry. Crypto’s nonetheless down right here with the remainder of us, nowhere close to liftoff but.
However hey, even when it is not mooning, Bitcoin’s been holding up fairly effectively these days.
Santiment’s analyst Brian says this restoration is because of fewer worries about tariffs – not less than for now – and a few enhancements in how the Bitcoin community is working.
Now, if we’re being trustworthy with ourselves, most merchants don’t actually care about community upgrades and or macroeconomic coverage – they’ve simply been determined for the downturn to cease. And it seems to be like this rebound was sufficient to offer folks a little bit of hope once more.
Matter of reality, the vibes haven’t been this bullish for the reason that tariff drama began on April 2.
However earlier than we get too excited: the uncertainty round tariffs remains to be very actual, and it continues making it arduous for traders and firms to plan forward.
‘Cuz regardless that Bitcoin’s worth has bounced a bit, nobody is aware of if this rally will final – any new tariff information might mess with the market yet again.
That mentioned, a couple of on-chain indicators are serving to Bitcoin’s case:
Community Realized Revenue/Loss: extra persons are locking in income, which normally helps extra upward motion;
BTC on exchanges: there’s much less Bitcoin sitting on exchanges, which normally means extra persons are holding as a substitute of promoting;
Whale wallets: wallets with 10+ BTC hit a document excessive, whereas smaller merchants maintain panic-selling (which is mostly a superb signal).
And when you’re extra of a zoom-out, “the place’s this all going?” sort of individual – excellent news there too.
Company adoption is rising: in accordance with Bitwise, the variety of public corporations holding BTC went up by round 18% in Q1 of 2025.
So no, Bitcoin hasn’t blasted off but – nevertheless it’s undoubtedly not lifeless. It’s simply ready for the correct second…
🥝 Memecoin harvest
Memecoins: outperforming your critical luggage with nothing however a foolish mascot and a dream ✨
Knowledge as of 08:10 AM EST.
Try these memecoins and many extra right here.
Idk ‘bout y’all, however I am nonetheless mentally recovering after the OM state of affairs.
As a result of everyone knows that this is not only one token having a breakdown – it is a method deeper downside throughout the complete altcoin market.
It is scary. However we will not ignore it. So let’s talk about.
Altcoin costs can look regular for weeks, even months… and by the point retail traders notice one thing’s mistaken, we have OM-style 90% crashes.
Now, what makes this worse is how arduous it’s to determine whether or not one thing’s mistaken.
Arthur Cheong, founder and CIO of DeFiance Capital, dropped this take: one of many greatest issues in crypto rn is that tokens could be artificially priced.
How that works:
When a brand new crypto mission launches a token, they usually work with market makers. These are corporations or bots that assist present liquidity (in different phrases, they assist make certain there’s at all times somebody so that you can commerce with).
Sounds good. However the challenge is that they will additionally make a token look wholesome when it’s truly being saved alive with hopes, goals, and duct tape.
And there is not any method for normal traders to tell apart whether or not a token’s worth is being pushed by legit market forces – folks truly shopping for, promoting, and believing within the mission – or by the workforce and market makers.
Principally, we will’t belief the value.
And centralized exchanges, regardless of being the gatekeepers of token liquidity, appear to be ignoring this.
Matter of reality, typically they profit from this habits. Faux demand means extra buying and selling, extra hype, extra charges. Win-win… for them.
However long run? It’s a catastrophe for the altcoin market:
The market turns into unattainable to belief;
Good initiatives get ignored as a result of traders assume all the things’s trash;
Solely insiders and gamblers stick round, whereas critical traders both give up or turn out to be BTC maxis.
And when you wanna see how massive of a difficulty it’s, simply take a look at Binance. In 2025, they listed 27 new tokens. Solely three of them are nonetheless within the inexperienced.
When issues are like this, why would anybody new wanna be part of?
Cheong says if the large gamers – like exchanges, funds, and infrastructure suppliers – don’t step up, the altcoin market would possibly turn out to be straight-up uninvestable.
And what could be finished right here?
Initiatives needs to be upfront about how a lot of their liquidity is being supported artificially, and for the way lengthy;
Initiatives needs to be required to publish trustworthy tokenomics: actual numbers, clear vesting schedules, and trustworthy information about how a lot of the token provide is definitely circulating;
Exchanges ought to implement stricter itemizing necessities;
An industry-wide code of conduct – masking launch practices, lockups, and market integrity – would additionally assist rebuild belief.
This isn’t only a reputational challenge – that is the sort of structural rot that would cease the entire crypto {industry} from rising long-term.
Time to repair that.
Now you are within the know. However take into consideration your mates – they in all probability don’t know. I ponder who might repair that… 😃🫵
Unfold the phrase and be the hero you recognize you might be!
🍋 Information drops
😬 The CEO of an NFT market obtained scammed out of over $100K in crypto. Somebody who claimed to be the founding father of a crypto mining firm obtained him on a Zoom name and satisfied him to put in malware that drained his wallets.
🐙 Kraken now enables you to commerce US shares and ETFs, not simply crypto. Principally, they wanna make it simple to handle all the things in a single place.
🐬 Wanna converse dolphin? It’s potential (kinda) – Google made an AI device referred to as DolphinGemma that research dolphin sounds and might even make dolphin-like noises primarily based on what it learns.
🤖 Nvidia’s spending $500B to construct AI-focused factories throughout the US. The Trump workforce cheered it on, saying it’s proof their plan to carry manufacturing house is working.
🚀 Solana ETFs are launching in Canada tomorrow. Within the US, they’re nonetheless caught ready for approval.
