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 nicely recently.
Santiment’s analyst Brian says this restoration is due to 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 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 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 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 over again.
That mentioned, a couple of on-chain alerts are serving to Bitcoin’s case:
Community Realized Revenue/Loss: extra individuals are locking in earnings, which normally helps extra upward motion;
BTC on exchanges: there’s much less Bitcoin sitting on exchanges, which normally means extra individuals are holding as an alternative of promoting;
Whale wallets: wallets with 10+ BTC hit a file excessive, whereas smaller merchants hold panic-selling (which is usually signal).
And should you’re extra of a zoom-out, “the place’s this all going?” type of particular person – excellent news there too.
Company adoption is rising: in keeping 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 – however 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 ✨
Information as of 08:10 AM EST.
Take a look at 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 manner deeper drawback throughout your 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 buyers understand one thing’s mistaken, we have OM-style 90% crashes.
Now, what makes this worse is how exhausting 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 largest issues in crypto rn is that tokens could be artificially priced.
How that works:
When a brand new crypto venture launches a token, they typically work with market makers. These are firms or bots that assist present liquidity (in different phrases, they assist be certain that there’s all the time somebody so that you can commerce with).
Sounds good. However the problem is that they will additionally make a token look wholesome when it’s truly being stored alive with hopes, goals, and duct tape.
And there is no manner for normal buyers 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 venture – or by the staff 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, 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 buyers assume the whole lot’s trash;
Solely insiders and gamblers stick round, whereas critical buyers both give up or turn into BTC maxis.
And should you wanna see how large of a problem it’s, simply have 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 may turn into straight-up uninvestable.
And what could be carried out right here?
Initiatives needs to be upfront about how a lot of their liquidity is being supported artificially, and for a way lengthy;
Initiatives needs to 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 – overlaying launch practices, lockups, and market integrity – would additionally assist rebuild belief.
This isn’t only a reputational problem – 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 mates – they in all probability do not know. I’m wondering who may repair that… 😃🫵
Unfold the phrase and be the hero you realize you’re!
🍋 Information drops
😬 The CEO of an NFT market received scammed out of over $100K in crypto. Somebody who claimed to be the founding father of a crypto mining firm received 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 straightforward to handle the whole lot in a single place.
🐬 Wanna converse dolphin? It’s potential (kinda) – Google made an AI software referred to as DolphinGemma that research dolphin sounds and might 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 staff cheered it on, saying it’s proof their plan to convey manufacturing house is working.
🚀 Solana ETFs are launching in Canada tomorrow. Within the US, they’re nonetheless caught ready for approval.
