Plus: The primary US state to carry Bitcoin… or not
GM. Crypto’s throwing us all types of fruits at the moment – some candy, some… questionable. We’ve sorted the nice bites from the compost pile.
Utah is not prepared for BTC but.
Information drops: CZ’s suggestion to Elon Musk, new crypto rip-off tactic + extra
Earlier than we begin sipping on at the moment’s juice tho’, fast heads-up: no e-newsletter tomorrow 
Yeah, I do know, tragic. However don’t fear – we’ll return on Wednesday to ship your day by day dose of crypto updates.
Okay, now again to our usually scheduled programming… 
Market taste at the moment
… 
Yeah… it’s tough out right here.
As 10xResearch identified (and your portfolio is prolly confirming), all main cryptos are trending downward:
Bitcoin’s buying and selling under each the 7-day and 30-day transferring averages → bearish;
Ethereum: copy-paste that → bearish;
Solana’s additionally happening with the ship → bearish;
Ripple? You guessed it → bearish.
Arthur Hayes, co-founder of BitMEX, says Bitcoin is headed for a $78K retest. If that doesn’t maintain, $75K is subsequent. And if that help breaks too… issues may get ugly.
That is cuz there’s a ton of choices open curiosity (OI) between $70K and $75K. If Bitcoin falls into this zone, all these merchants with choices contracts at these costs must react. That might set off large volatility and unpredictable market habits.
Now, hol’ up… 
wasn’t Friday’s White Home Crypto Summit imagined to be bullish?
Yeah, it ended up being a type of “purchase the rumor, promote the information” conditions – hype constructed up earlier than the occasion, however when the precise bulletins dropped? Meh.
Listed here are some takeaways:
Trump reaffirmed his strategic Bitcoin reserve plan;
He promised to finish banking restrictions on crypto custody;
Stablecoin regulation is now a precedence;
FIFA’s president, Gianni Infantino, mentioned he desires to companion with crypto corporations to create “FIFA Coin.”
And reactions had been far and wide.
Some known as it historic, because it’s the primary time crypto execs are getting this stage of communication with the US authorities.
Others thought it was underwhelming, ‘trigger most of what was mentioned wasn’t precisely information (aside from the FIFA bombshell).
And a few noticed it as a bunch of crypto execs attempting to remain on Trump’s good aspect.
In the meantime, the larger image continues to be messy.
Proper now, buyers are enjoying it secure as a result of the market’s nonetheless digesting Trump’s financial insurance policies (particularly his tariffs).
That’s why this week’s CPI (Client Value Index) and PPI (Producer Value Index) experiences are a giant deal – these numbers will present how inflation is transferring, and extra importantly, they’ll give us clues about what the Fed may do subsequent with rates of interest.
However hey, there may nonetheless be some hopium left. Bitwise analysts famous that the US greenback has been weakening, which normally results in a world improve in cash provide – a traditionally bullish sign for Bitcoin. If this development holds, we might see a crypto comeback within the months forward.
So yeah, short-term ache, however perhaps long-term Ws. Buckle up.
Sip of good points
The BYDFi bonus stage is formally wrapped, however don’t get too cozy – Uphold has entered the ring! 
On high of BitDegree’s $30K Season 7 Airdrop, Uphold is throwing in an additional 1,000 USDC.
Methods to get in? Simple:
Do Missions, drag your mates into it → earn Bits → climb the leaderboard → lock in your spot.
The cash’s right here, the competitors’s on – you in? 
Memecoin harvest
These pumps make no sense, however neither does my life, so we experience 
Knowledge as of 07:50 AM EST.
Take a look at these memecoins and lots extra right here.
Utah was this 
near turning into an authorized crypto bro.
Lawmakers launched this invoice, HB230, aka Blockchain and Digital Innovation Amendments – and lemme inform ya, it was full of pro-crypto concepts:
No authorities interference in crypto funds. The invoice makes certain state and native governments cannot cease folks from accepting digital belongings as fee or utilizing self-hosted and {hardware} wallets;
No pointless licenses for blockchain devs and stakers. If you wish to run a node, construct blockchain software program, transfer crypto round, or stake, you are able to do it freely – no cash transmitter license wanted;
Safety for crypto miners. Native governments cannot randomly shut down mining companies in industrial areas simply because they had been “too loud” (so long as they adopted customary industrial guidelines);
And the largest one: Utah’s state treasurer would’ve been allowed to speculate as much as 5% of public funds into Bitcoin and different digital belongings.
And at the moment, girls and gents, this invoice handed the state Senate.
Soooo… did Utah make historical past as the primary US state with a Bitcoin reserve?
Earlier than the vote, the Bitcoin reserve half bought REMOVED.
Lawmakers principally mentioned everybody felt it was too early for the federal government to leap into Bitcoin with public cash.
So yeah, Utah fumbled the bag. However the race for the primary US state with a strategic Bitcoin reserve continues to be very on.
Who’s gonna cross the end line first?.. Nicely, Arizona and Texas – the ball’s in your court docket now.
Now you are within the know. However take into consideration your mates – they most likely don’t know. I ponder who might repair that… 
Unfold the phrase and be the hero you understand you might be!
Information drops
CZ desires Elon Musk to take away bots from X. He’s cool with AI-generated posts so long as people hit the ship button, however automated posting? Exhausting cross.
An Ethereum dev says the Sepolia testnet’s Pectra improve bumped into errors, made worse by an attacker mining empty blocks. The problem: the deposit contract despatched a switch occasion as an alternative of a deposit.
Robinhood agreed to pay $29.75M to FINRA to settle some compliance points. They didn’t admit to doing something fallacious – however they’re additionally not preventing it.
Crypto scammers are utilizing pretend information and authorities figures to prey on commerce conflict fears. One scheme, CanCap, faked a Justin Trudeau endorsement with a pretend CBC article.
Juicy memes
