Plus: Solana joins the ETF membership
GM. This market’s extra combined than a fruit punch – let’s sip slowly and see what hits first.
🤔 What’s fallacious 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 properly currently.
Santiment’s analyst Brian says this restoration is because of fewer worries about tariffs – at the least 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 appears to be like like this rebound was sufficient to offer individuals a little bit of hope once more.
Matter of truth, 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 exhausting for traders and corporations 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 over again.
That mentioned, a number of on-chain alerts are serving to Bitcoin’s case:
Community Realized Revenue/Loss: extra individuals are locking in income, 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 file excessive, whereas smaller merchants preserve panic-selling (which is usually an excellent signal).
And should you’re extra of a zoom-out, “the place’s this all going?” type of individual – excellent news there too.
Company adoption is rising: in accordance with Bitwise, the variety of public firms 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 useless. It’s simply ready for the precise 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 your entire altcoin market.
It is scary. However we will not ignore it. So let’s focus on.
Altcoin costs can look regular for weeks, even months… and by the point retail traders understand one thing’s fallacious, we have OM-style 90% crashes.
Now, what makes this worse is how exhausting it’s to determine whether or not one thing’s fallacious.
Arthur Cheong, founder and CIO of DeFiance Capital, dropped this take: one of many largest issues in crypto rn is that tokens may be artificially priced.
How that works:
When a brand new crypto mission launches a token, they usually work with market makers. These are firms 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 situation 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 is no approach for normal traders 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 mission – or by the group and market makers.
Mainly, we will’t belief the worth.
And centralized exchanges, regardless of being the gatekeepers of token liquidity, appear to be ignoring this.
Matter of truth, typically they profit from this habits. 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 traders assume all the pieces’s trash;
Solely insiders and gamblers stick round, whereas critical traders both give up or develop into BTC maxis.
And should 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 a part of?
Cheong says if the massive gamers – like exchanges, funds, and infrastructure suppliers – don’t step up, the altcoin market may develop into straight-up uninvestable.
And what may be executed 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 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 situation – that is the type 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 pals – they in all probability do not know. I ponder who may repair that… 😃🫵
Unfold the phrase and be the hero you recognize you’re!
🍋 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 permits you to commerce US shares and ETFs, not simply crypto. Mainly, they wanna make it straightforward to handle all the pieces in a single place.
🐬 Wanna communicate dolphin? It’s potential (kinda) – Google made an AI instrument referred to 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 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.
