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What do the ultra-rich know that we don’t

May 14, 2025
in Crypto Updates
Reading Time: 6 mins read
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Plus: Gary Gensler’s secret facet leaks

GM. If right this moment’s charts had been a fruit salad, it’s giving spice. Let’s spoon by the combination collectively.

🤔 How are the majors doing?

🤑 The wealthy are selecting crypto.

🍋 Information drops: crypto exec’s household nearly will get kidnapped, Gary Gensler’s true (?) colours get revealed + extra

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🍍 Market taste right this moment

Crypto’s been treating us nicely currently – and I gotta say, I did not notice how a lot I missed providing you with optimistic market updates 🥹

The rally’s nonetheless driving on the US and China agreeing to chop tariffs, which pumped recent power into danger property throughout the board.

Mix that with the financial system displaying indicators of resilience, growing liquidity, and rates of interest holding regular – and you have got your self a setup that is not good, however ok to maintain traders optimistic.

That’s the large image. However now, let’s zoom in on what’s occurring coin by coin:

1/ Bitcoin

BTC broke above $100K final week and hasn’t appeared again.

And extra importantly, it appears actual, not simply hype. Based on Glassnode analysts, this enhance got here from constant spot shopping for – aka really shopping for Bitcoin straight, not leverage or hypothesis:

Oh, and on high of that, Arizona and New Hampshire handed Bitcoin reserve payments 🫢

With all this occurring, dealer Sykodelic thinks we would see new all-time highs earlier than the following Fed assembly on June 18.

2/ Ethereum

ETH has been disappointing for some time – final month it was nonetheless down 60% from its December peak above $4K.

However issues modified final week. The Pectra improve improved Ethereum’s scalability and value, and gave stakers extra flexibility.

On the identical time, commerce tensions eased – and similar to that, Ethereum reclaimed $2K, then sprinted to $2.5K.

Santiment says there’s prone to be some short-term volatility as a result of everybody’s watching ETH once more. But when Bitcoin hits $110K, ETH might cross $3K quickly after.

3/ XRP

XRP handed Tether to reclaim its spot because the third-largest crypto by market cap. It’s up 55% since hitting a neighborhood backside at $1.61 in April.

Some bullish alerts from CryptoQuant’s BorisVest:

Open Curiosity in XRP futures (aka the entire worth of all open futures contracts) is rising once more = hypothesis is returning;

Extra merchants are shorting XRP, and if the value retains holding or rising, they may get pressured to purchase again in, which might set off a brief squeeze and push the value up;

Sellers are energetic, however the value is holding regular = consumers are absorbing the stress.

If this retains up, a breakout may not be far off.

Ripple: It's about drive, it's about power

4/ Solana

Solana had a robust begin to Might – it jumped almost 25% between Might 6 and 10. Since then, the rally has slowed down a bit, however the value nonetheless holds round $180.

The long run appears good for SOL:

Institutional curiosity is rising;

ETF rumors are nonetheless swirling round;

The Firedancer improve guarantees main efficiency positive factors.

Brief-term indicators are additionally wanting respectable:

Solana’s Complete Worth Locked (TVL) – aka the entire quantity of crypto deposited in Solana-based DeFi apps – is again to mid-February ranges = renewed belief;

Solana’s DeFi apps have seen large exercise development;

Community charges and income have risen for 4 straight weeks = actual consumer demand.

The technical degree to observe now’s $185. If SOL can break above it with sturdy quantity, $200 could possibly be subsequent. But when it will get rejected once more, we would see the value drop again right down to safer assist ranges, possibly someplace within the $160-$170 vary.

5/ BNB

CryptoQuant writer Joao Wedson identified that whereas many altcoins suffered 90%+ drops from their all-time highs, BNB has held up surprisingly nicely.

Why? Utility, principally. Binance constructed an empire, and BNB sits proper on the heart of it – it is used for charges, sensible contracts, DeFi, you title it.

Plus, VanEck filed for the primary US BNB ETF. If accepted (particularly with staking), demand might go nuts.

However let’s not get forward of ourselves. BNB is caught beneath $660, the identical wall it hit again in 2021. Technical indicators are combined, and we might see a dip towards $440 earlier than one other push larger.

General, the macro setup is wanting candy, and the most important cryptos are both going larger or prepping to go larger.

Until Trump wakes up and chooses market destruction right this moment… 🤠

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🥝 Memecoin harvest

Tokens which are doing backflips right this moment: 🤸

Knowledge as of 08:30 AM EST.

Try these memecoins and lots extra right here.

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🧃 Sip of information

Agent, your subsequent project has arrived.

Codename: “Introducing KuCoin’s Newcomer Bonus Program” Mission

Goal: Infiltrate KuCoin, full duties, and extract most rewards.

Intel confirms:

🪙 As much as 11,000 USDT in bonuses

🎯 1,100 Bits secured on Mission completion

This isn’t a drill. Gear up, log in, and execute.

Failure to take part will probably be unlucky… on your pockets.

05-14 Mission: Kucoin

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I already gave you a WHOLE part of hopium in Market Taste – and also you’re nonetheless not happy?? Nonetheless hungry for some positivity?? You’re INSATIABLE LIKE THAT??

Ay, no worries 🥰 I gotchu 🥰 Right here’s some extra 🥰

Amy Lo, who helps handle cash for Asia’s ultra-rich at UBS (a giant Swiss financial institution), says her shoppers are shifting away from the US greenback.

The place are they heading? Into gold, China, and – anticipate it – crypto.

Druski excited

The US-China commerce tensions are pushing traders to unfold their cash round into different currencies, various property, and sure, crypto, in order that their eggs aren’t in a single (very American) basket.

And now, what does that inform us?

1/ The wealthy are taking crypto extra critically

If rich traders with groups of economic advisors are including crypto to their portfolios, it reinforces the concept crypto isn’t simply hype.

It’s a rising a part of long-term wealth planning.

2/ Political rigidity will be good for crypto.

When nations just like the US and China are on dangerous phrases, folks fear in regards to the financial system. That makes them search for investments that aren’t tied to any single nation.

Ugh, if solely there have been one thing world and impartial of 1 authorities… 😣

Trace: begins with “c”, ends with “o”, and rhymes with “tiptoe”. You already know.

3/ Diversification is cool

These traders aren’t going all-in on crypto – however they’re including it to the combination alongside gold and commodities.

This reveals that crypto is beginning to be seen as a part of a sensible, balanced funding technique.

So yeah. There’s your further serving of excellent vibes. Don’t say I by no means spoil you 💅

Now you are within the know. However take into consideration your folks – they most likely do not know. I’m wondering who might repair that… 😃🫵

Unfold the phrase and be the hero you recognize you’re!

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🍋 Information drops

👨‍🦲 CryptoPunks received a brand new proprietor – NODE took over the rights from Yuga Labs. Fairly huge deal, since CryptoPunks is probably the most invaluable NFT assortment on the market.

🚐 The daughter and grandson of a crypto exec nearly received kidnapped in Paris. Three males tried to power them right into a van, however the lady and her associate fought again and stopped it.

🤨 Ex-SEC Chair Gary Gensler may not have been that anti-crypto in any case… Former Congressman Patrick McHenry stated that Gensler really spoke fairly positively about blockchain and digital property in one-on-one conversations.

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🍌 Juicy memes



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Tags: DontUltraRich
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