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 flawed with the altcoin market?
🍋 Information drops: speaking to dolphins, a Solana ETF + extra
🍍 Market taste at this time
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 nicely recently.
Santiment’s analyst Brian says this restoration is because of fewer worries about tariffs – a minimum of 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 provide individuals 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 laborious for buyers and corporations to plan forward.
‘Cuz despite the fact 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 over again.
That stated, a number 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 an alternative of promoting;
Whale wallets: wallets with 10+ BTC hit a report excessive, whereas smaller merchants preserve panic-selling (which is usually signal).
And when you’re extra of a zoom-out, “the place’s this all going?” form of individual – excellent news there too.
Company adoption is rising: in line 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 – however it’s positively not useless. It’s simply ready for the best second…
🥝 Memecoin harvest
Memecoins: outperforming your severe baggage with nothing however a foolish mascot and a dream ✨
Information 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 drawback throughout the complete altcoin market.
It is scary. However we won’t ignore it. So let’s focus on.
Altcoin costs can look regular for weeks, even months… and by the point retail buyers notice one thing’s flawed, we have OM-style 90% crashes.
Now, what makes this worse is how laborious it’s to determine whether or not one thing’s flawed.
Arthur Cheong, founder and CIO of DeFiance Capital, dropped this take: one of many largest issues in crypto rn is that tokens will be artificially priced.
How that works:
When a brand new crypto venture launches a token, they typically work with market makers. These are corporations or bots that assist present liquidity (in different phrases, they assist ensure there’s all the time somebody so that you can commerce with).
Sounds good. However the difficulty is that they will additionally make a token look wholesome when it’s really being stored alive with hopes, desires, and duct tape.
And there isn’t any method for normal buyers to differentiate whether or not a token’s worth is being pushed by legit market forces – individuals really shopping for, promoting, and believing within the venture – or by the group and market makers.
Mainly, 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 unimaginable to belief;
Good tasks get ignored as a result of buyers assume every part’s trash;
Solely insiders and gamblers stick round, whereas severe buyers both give up or turn out to be BTC maxis.
And when you wanna see how huge 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 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 will be accomplished right here?
Tasks needs to be upfront about how a lot of their liquidity is being supported artificially, and for a way lengthy;
Tasks 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 difficulty – that is the form of structural rot that might 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 most likely don’t know. I’m wondering who might repair that… 😃🫵
Unfold the phrase and be the hero you understand you’re!
🍋 Information drops
😬 The CEO of an NFT market acquired scammed out of over $100K in crypto. Somebody who claimed to be the founding father of a crypto mining firm acquired him on a Zoom name and satisfied him to put in malware that drained his wallets.
🐙 Kraken now allows you to commerce US shares and ETFs, not simply crypto. Mainly, they wanna make it straightforward to handle every part in a single place.
🐬 Wanna converse dolphin? It’s attainable (kinda) – Google made an AI instrument 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 group cheered it on, saying it’s proof their plan to deliver manufacturing house is working.
🚀 Solana ETFs are launching in Canada tomorrow. Within the US, they’re nonetheless caught ready for approval.
