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 right now
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 properly recently.
Santiment’s analyst Brian says this restoration is due to fewer worries about tariffs – at the very least for now – and a few enhancements in how the Bitcoin community is working.
Now, if we’re being sincere 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 appears like this rebound was sufficient to provide folks a little bit of hope once more.
Matter of reality, the vibes haven’t been this bullish because the tariff drama began on April 2.
However earlier than we get too excited: the uncertainty round tariffs continues to be very actual, and it continues making it arduous for buyers and firms to plan forward.
‘Cuz though Bitcoin’s worth has bounced a bit, nobody is aware of if this rally will final – any new tariff information may mess with the market another time.
That mentioned, just a few on-chain alerts are serving to Bitcoin’s case:
Community Realized Revenue/Loss: extra individuals are locking in earnings, which often helps extra upward motion;
BTC on exchanges: there’s much less Bitcoin sitting on exchanges, which often means extra individuals are holding as a substitute of promoting;
Whale wallets: wallets with 10+ BTC hit a report excessive, whereas smaller merchants preserve panic-selling (which is mostly an excellent signal).
And should 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 – but it surely’s undoubtedly not lifeless. It’s simply ready for the fitting second…
🥝 Memecoin harvest
Memecoins: outperforming your critical baggage 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 scenario.
As a result of everyone knows that this is not only one token having a breakdown – it is a approach deeper drawback throughout the whole 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 buyers understand 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 undertaking launches a token, they typically work with market makers. These are corporations or bots that assist present liquidity (in different phrases, they assist be sure there’s all the time somebody so that you can commerce with).
Sounds good. However the subject is that they’ll additionally make a token look wholesome when it’s really being stored alive with hopes, desires, and duct tape.
And there isn’t any approach for normal buyers to differentiate whether or not a token’s worth is being pushed by legit market forces – folks really shopping for, promoting, and believing within the undertaking – or by the crew and market makers.
Principally, we are able to’t belief the worth.
And centralized exchanges, regardless of being the gatekeepers of token liquidity, appear to be ignoring this.
Matter of reality, generally they profit from this conduct. Pretend 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 tasks get ignored as a result of buyers assume all the pieces’s trash;
Solely insiders and gamblers stick round, whereas critical buyers both stop or turn out to be BTC maxis.
And should you wanna see how massive of a problem 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 a 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 carried out right here?
Tasks must be upfront about how a lot of their liquidity is being supported artificially, and for a way lengthy;
Tasks must be required to publish sincere tokenomics: actual numbers, clear vesting schedules, and sincere data about how a lot of the token provide is definitely circulating;
Exchanges ought to implement stricter itemizing necessities;
An industry-wide code of conduct – protecting launch practices, lockups, and market integrity – would additionally assist rebuild belief.
This isn’t only a reputational subject – 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’m wondering who may repair that… 😃🫵
Unfold the phrase and be the hero you understand you might be!
🍋 Information drops
😬 The CEO of an NFT market bought scammed out of over $100K in crypto. Somebody who claimed to be the founding father of a crypto mining firm bought him on a Zoom name and satisfied him to put in malware that drained his wallets.
🐙 Kraken now permits you to commerce US shares and ETFs, not simply crypto. Principally, they wanna make it straightforward to handle all the pieces in a single place.
🐬 Wanna communicate dolphin? It’s attainable (kinda) – Google made an AI instrument known as DolphinGemma that research dolphin sounds and may even make dolphin-like noises based mostly on what it learns.
🤖 Nvidia’s spending $500B to construct AI-focused factories throughout the US. The Trump crew 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.
