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 currently.
Santiment’s analyst Brian says this restoration is due to fewer worries about tariffs – not less than 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 seems to be 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 exhausting for buyers and corporations to plan forward.
‘Cuz regardless 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 over again.
That stated, a couple of on-chain alerts are serving to Bitcoin’s case:
Community Realized Revenue/Loss: extra individuals are locking in earnings, 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 document excessive, whereas smaller merchants maintain panic-selling (which is mostly signal).
And should you’re extra of a zoom-out, “the place’s this all going?” sort of particular person – excellent news there too.
Company adoption is rising: in accordance with Bitwise, the variety of public corporations holding BTC went up by round 18% in Q1 of 2025.
So no, Bitcoin hasn’t blasted off but – nevertheless it’s positively not lifeless. It’s simply ready for the fitting second…
🥝 Memecoin harvest
Memecoins: outperforming your critical luggage with nothing however a foolish mascot and a dream ✨
Information 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 means deeper drawback throughout the 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 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 may be artificially priced.
How that works:
When a brand new crypto mission launches a token, they usually work with market makers. These are corporations or bots that assist present liquidity (in different phrases, they assist be sure that there’s at all times somebody so that you can commerce with).
Sounds good. However the difficulty is that they’ll additionally make a token look wholesome when it’s really being stored alive with hopes, goals, and duct tape.
And there is not any means for normal buyers to tell apart whether or not a token’s value is being pushed by legit market forces – folks 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 reality, generally 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 buyers assume the whole lot’s trash;
Solely insiders and gamblers stick round, whereas critical buyers both stop or turn out to be BTC maxis.
And should you wanna see how massive of a difficulty 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 massive gamers – like exchanges, funds, and infrastructure suppliers – don’t step up, the altcoin market would possibly turn out to be straight-up uninvestable.
And what may be accomplished right here?
Tasks must be upfront about how a lot of their liquidity is being supported artificially, and for the way lengthy;
Tasks must 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 – masking launch practices, lockups, and market integrity – would additionally assist rebuild belief.
This isn’t only a reputational difficulty – that is the sort 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 pals – they most likely 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 enables you to commerce US shares and ETFs, not simply crypto. Mainly, they wanna make it simple to handle the whole lot 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 might even make dolphin-like noises primarily based 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 convey manufacturing house is working.
🚀 Solana ETFs are launching in Canada tomorrow. Within the US, they’re nonetheless caught ready for approval.
🍌 Juicy memes
