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 incorrect with the altcoin market?
🍋 Information drops: speaking to dolphins, a Solana ETF + extra
🍍 Market taste right this moment
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 currently.
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 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 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 onerous for traders and corporations to plan forward.
‘Cuz though Bitcoin’s value has bounced a bit, nobody is aware of if this rally will final – any new tariff information might mess with the market another time.
That stated, a couple of on-chain indicators are serving to Bitcoin’s case:
Community Realized Revenue/Loss: extra persons 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 persons are holding as an alternative of promoting;
Whale wallets: wallets with 10+ BTC hit a file excessive, whereas smaller merchants preserve panic-selling (which is usually signal).
And in the event 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 response to 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 positively not useless. It’s simply ready for the best second…
🥝 Memecoin harvest
Memecoins: outperforming your critical baggage with nothing however a foolish mascot and a dream ✨
Information as of 08:10 AM EST.
Take a look at these memecoins and lots 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 manner deeper downside throughout the complete 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 incorrect, we have OM-style 90% crashes.
Now, what makes this worse is how onerous it’s to determine whether or not one thing’s incorrect.
Arthur Cheong, founder and CIO of DeFiance Capital, dropped this take: one of many largest issues in crypto rn is that tokens might be artificially priced.
How that works:
When a brand new crypto challenge launches a token, they usually 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 situation is that they will additionally make a token look wholesome when it’s truly being saved alive with hopes, desires, and duct tape.
And there isn’t any manner for normal traders to differentiate whether or not a token’s value is being pushed by legit market forces – folks truly shopping for, promoting, and believing within the challenge – or by the staff and market makers.
Mainly, we are able to’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 initiatives get ignored as a result of traders assume the whole lot’s trash;
Solely insiders and gamblers stick round, whereas critical traders both stop or turn into BTC maxis.
And in the event you wanna see how huge 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 a 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 might be carried out right here?
Tasks needs to be upfront about how a lot of their liquidity is being supported artificially, and for the 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 – overlaying 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 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 folks – they in all probability do not know. I’m wondering who might repair that… 😃🫵
Unfold the phrase and be the hero you already know 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 allows you to commerce US shares and ETFs, not simply crypto. Mainly, 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 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 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.
