The real reason your altcoin bags keep bleeding

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 unsuitable with the altcoin market?

Information drops: speaking to dolphins, a Solana ETF + extra

Market taste at this time

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 these days.

Santiment’s analyst Brian says this restoration is due to fewer worries about tariffs – at the least 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 individuals 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 laborious for buyers and corporations 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 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 often helps extra upward motion;

BTC on exchanges: there’s much less Bitcoin sitting on exchanges, which often means extra persons are holding as a substitute of promoting;

Whale wallets: wallets with 10+ BTC hit a document excessive, whereas smaller merchants hold panic-selling (which is usually a great signal).

And when you’re extra of a zoom-out, “the place’s this all going?” sort of individual – excellent news there too.

Company adoption is rising: in keeping 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 – but it surely’s positively not useless. It’s simply ready for the correct second…

Memecoin harvest

Memecoins: outperforming your severe luggage with nothing however a foolish mascot and a dream

Knowledge as of 08:10 AM EST.

Try these memecoins and lots 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 downside throughout the complete altcoin market.

It is scary. However we won’t 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 unsuitable, we have OM-style 90% crashes.

Now, what makes this worse is how laborious it’s to determine whether or not one thing’s unsuitable.

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 challenge launches a token, they usually work with market makers. These are corporations or bots that assist present liquidity (in different phrases, they assist ensure there’s at all times somebody so that you can commerce with).

Sounds good. However the challenge 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 is no manner for normal buyers to tell apart whether or not a token’s worth is being pushed by legit market forces – individuals truly shopping for, promoting, and believing within the challenge – or by the workforce and market makers.

Principally, we will’t belief the value.

And centralized exchanges, regardless of being the gatekeepers of token liquidity, appear to be ignoring this.

Matter of reality, generally they profit from this conduct. 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 all the things’s trash;

Solely insiders and gamblers stick round, whereas severe buyers both stop or turn into BTC maxis.

And when you wanna see how huge 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 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 may be finished 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 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 – protecting launch practices, lockups, and market integrity – would additionally assist rebuild belief.

This isn’t only a reputational challenge – that is the sort 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 pals – they most likely don’t know. I ponder who may repair that…

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

Information drops

The CEO of an NFT market bought scammed out of over $100K in crypto. Somebody who claimed to be the founding father of a crypto mining firm bought him on a Zoom name and satisfied him to put in malware that drained his wallets.

Kraken now permits you to commerce US shares and ETFs, not simply crypto. Principally, they wanna make it straightforward to handle all the things in a single place.

Wanna converse dolphin? It’s attainable (kinda) – Google made an AI device 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 workforce cheered it on, saying it’s proof their plan to carry manufacturing house is working.