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 incorrect with the altcoin market?

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

Market taste immediately

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 – at the very 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 appears 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 continues to be very actual, and it continues making it arduous for traders and corporations 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 may mess with the market another time.

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

Community Realized Revenue/Loss: extra persons 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 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 a great signal).

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

Company adoption is rising: based on 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 undoubtedly not lifeless. It’s simply ready for the fitting second…

Memecoin harvest

Memecoins: outperforming your critical baggage with nothing however a foolish mascot and a dream

Knowledge 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 all the altcoin market.

It is scary. However we will not 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 got OM-style 90% crashes.

Now, what makes this worse is how arduous 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 venture 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 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 truly being stored alive with hopes, desires, and duct tape.

And there is no 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 venture – or by the crew and market makers.

Mainly, we will’t belief the value.

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

Matter of truth, 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 not possible to belief;

Good tasks get ignored as a result of traders assume all the pieces’s trash;

Solely insiders and gamblers stick round, whereas critical traders both give up or change into BTC maxis.

And in the event you 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 a part of?

Cheong says if the large gamers – like exchanges, funds, and infrastructure suppliers – don’t step up, the altcoin market may change into straight-up uninvestable.

And what might be completed right here?

Initiatives must be upfront about how a lot of their liquidity is being supported artificially, and for a 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 – protecting launch practices, lockups, and market integrity – would additionally assist rebuild belief.

This isn’t only a reputational difficulty – that is the type 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 mates – they most likely don’t know. I ponder who may repair that…

Unfold the phrase and be the hero you’re!

Information drops

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

Wanna converse dolphin? It’s doable (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 crew cheered it on, saying it’s proof their plan to deliver manufacturing house is working.