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 improper with the altcoin market?

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

Market taste at present

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 properly recently.

Santiment’s analyst Brian says this restoration is because of 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 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 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 laborious for buyers and firms 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 over again.

That stated, a number of on-chain indicators are serving to Bitcoin’s case:

Community Realized Revenue/Loss: extra individuals are locking in income, which normally helps extra upward motion;

BTC on exchanges: there’s much less Bitcoin sitting on exchanges, which normally means extra individuals are holding as an alternative of promoting;

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

And if you happen to’re extra of a zoom-out, “the place’s this all going?” sort of particular person – excellent news there too.

Company adoption is rising: based on 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 useless. It’s simply ready for the correct second…

Memecoin harvest

Memecoins: outperforming your severe baggage 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 state of affairs.

As a result of everyone knows that this is not only one token having a breakdown – it is a approach deeper downside 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 buyers understand one thing’s improper, we have OM-style 90% crashes.

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

Arthur Cheong, founder and CIO of DeFiance Capital, dropped this take: one of many greatest issues in crypto rn is that tokens will be artificially priced.

How that works:

When a brand new crypto mission launches a token, they typically work with market makers. These are corporations or bots that assist present liquidity (in different phrases, they assist make sure that there’s at all times 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 approach for normal buyers 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 mission – or by the workforce 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 truth, typically they profit from this conduct. 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 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 give up or develop into BTC maxis.

And if you happen to wanna see how large of a problem it’s, simply take 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 would possibly develop into straight-up uninvestable.

And what will be accomplished right here?

Tasks needs to be upfront about how a lot of their liquidity is being supported artificially, and for a way lengthy;

Tasks needs to 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 concern – 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 mates – they in all probability do not know. I’m wondering who might repair that…

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

Information drops

The CEO of an NFT market acquired scammed out of over $100K in crypto. Somebody who claimed to be the founding father of a crypto mining firm acquired 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 all the things in a single place.

Wanna converse dolphin? It’s attainable (kinda) – Google made an AI instrument known 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.