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 incorrect with the altcoin market?
🍋 Information drops: speaking to dolphins, a Solana ETF + extra
🍍 Market taste at the 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 effectively these days.
Santiment’s analyst Brian says this restoration is because of fewer worries about tariffs – no less than 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 seems to be like this rebound was sufficient to provide folks a little bit of hope once more.
Matter of truth, the vibes haven’t been this bullish because the 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 firms to plan forward.
‘Cuz despite the fact that 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 mentioned, a number of on-chain indicators are serving to Bitcoin’s case:
Community Realized Revenue/Loss: extra persons 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 persons are holding as a substitute of promoting;
Whale wallets: wallets with 10+ BTC hit a file excessive, whereas smaller merchants hold panic-selling (which is mostly an excellent signal).
And for those who’re extra of a zoom-out, “the place’s this all going?” form 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 – but it surely’s positively not useless. It’s simply ready for the appropriate second…
🥝 Memecoin harvest
Memecoins: outperforming your severe 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 means deeper drawback throughout your 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 traders notice one thing’s incorrect, we have OM-style 90% crashes.
Now, what makes this worse is how exhausting 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 undertaking launches a token, they typically work with market makers. These are firms 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 concern 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 means for normal traders to tell apart whether or not a token’s value is being pushed by legit market forces – folks truly shopping for, promoting, and believing within the undertaking – or by the group 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 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 not possible to belief;
Good tasks get ignored as a result of traders assume every little thing’s trash;
Solely insiders and gamblers stick round, whereas severe traders both give up or turn into BTC maxis.
And for those who 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 part of?
Cheong says if the large gamers – like exchanges, funds, and infrastructure suppliers – don’t step up, the altcoin market would possibly turn into straight-up uninvestable.
And what might be finished right here?
Initiatives must be upfront about how a lot of their liquidity is being supported artificially, and for the way lengthy;
Initiatives must be required to publish sincere tokenomics: actual numbers, clear vesting schedules, and sincere 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 concern – that is the form 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 folks – they in all probability don’t know. I ponder who might repair that… 😃🫵
Unfold the phrase and be the hero you realize you might be!
🍋 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 helps you to commerce US shares and ETFs, not simply crypto. Mainly, they wanna make it straightforward to handle every little thing in a single place.
🐬 Wanna converse dolphin? It’s potential (kinda) – Google made an AI device 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.
