OVERVIEW

Before The Weekend: Green On The Screen

Day four of testing the addition of a short audio recap - let me know what you think! Too short? Too long? Hate it? Love it? 😃 

Let me know.

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total and altcoin market cap YTD:

*If you’re a business and want to access this data via our API, email us.

News In Three Sentences
Bitcoin, Ethereum, And Solana News 🪙 

🔍 Silk Road BTC Stash: Is the US Government About to Crash the Market? 

Word on the street is Uncle Sam might be fiddling with the infamous Silk Road $BTC stash. While there’s no hard proof yet, the idea of 19.8K BTC getting dumped on the market has traders in a cold sweat. BTC dipped below $58K and then bounced back, but the looming threat of the government offloading their HODL-worthy stash could turn into a horror show. Cryptopolitan.

📊 South Korea’s Pension Fund Bets Big on Bitcoin 

South Korea’s National Pension Service (NPS) just dropped $34 million on MicroStrategy ($MSTR) shares, basically doubling down on Bitcoin by proxy. With MicroStrategy stacking BTC like it’s going out of style. It’s a big bet, but with Bitcoin, you never know if you’re headed for the moon or straight into the ground in the short term. FinanceFeeds.

💸 Solana Whale Moves $26M to Binance—Time to Panic? 

A $SOL whale just shifted 184,241 SOL (worth $26 million) to Binance ($BNB), setting off alarm bells across the market. If this whale is planning to sell, we could see SOL’s price take a hit. It’s a big move, and the market’s on edge—keep your eyes peeled, because this could get messy. Bitcoinist.

STOCKTWITS “TRENDS WITH FRIENDS”
What’s Driving Gold’s Global Breakout 👑

News In Three Sentences
Altcoin News 🗞️

🎮️ Doom On Cardano?!

Like I mentioned in the audio summary, here’s the link to play the original DOOM on Cardano ($ADA). Play DOOM.

🌐 IoTeX Launches DePin Accelerator—Nine Projects to Watch 

$IOTX just spotlighted nine new DePin projects in their Surf Accelerator Cohort, and these could be the next big thing in decentralized infrastructure. From AI-driven fitness to hyperlocal weather data, these projects are all about pushing the envelope. But let’s be real, most of them are still finding their footing, so it’s high-risk, high-reward if you’re thinking of jumping in. IoTeX Blog.

💥 Tron Jumps on the Memecoin Train with SunPump 

$TRX’s new platform, SunPump, is here to help you create memecoins—safely. With stricter vetting processes and a partnership with Poloniex, SunPump aims to avoid the rug pulls that plague other platforms. Probably not what the market needed, but there it is. BitcoinSistemi.

🚀 dYdX’s ‘Unlimited’ Upgrade: Liquidity for Days 

$DYDX is leveling up with its ‘Unlimited’ upgrade, letting anyone list markets without waiting for governance approval. Their new MegaVault will act as a master liquidity pool, ensuring money is always flowing. Looks like dYdX is going all in on making DeFi easier and more profitable—permissioned keys and all. AltcoinBuzz.

👁️ Malaysia Embraces Worldcoin’s Iris-Scanning Tech—Big Brother, Anyone? 

Malaysia is jumping into the deep end with $WLD’s iris-scanning tech, integrating it into its digital infrastructure. Despite the global backlash and privacy concerns, they’re pushing forward, betting that this “proof of humanness” will improve digital verification. It’s an odd move, especially with the rest of the world looking at Worldcoin like it’s the next Big Brother. Cointelegraph.

🐕 Dogecoin Whales Are Losing Interest—Brace for Impact 

$DOGE whales are bailing, with large transactions down over 60% in the last month. If the big dogs keep pulling out, DOGE could tumble another 20%, back to $0.08. The whales might be over it, and if they’re selling, the rest of the market might just follow. Time to decide if you’re in this for the memes or the money. IntoTheBlock.

🔒 Arbitrum DAO: ARB Staking Gets the Green Light 

Arbitrum’s DAO just rubber-stamped a proposal for $ARB staking, aiming to keep their $1.9 billion treasury safe from the sharks. They’re rolling out stARB, a liquid staking token, to make sure governance stays tight and aligned. But just as the ink dries, 92 million ARB tokens are about to flood the market. If you’re holding ARB, you might want to buckle up. CryptoSlate.

⚡ Chainlink + Base: The DeFi Power Couple 

$LINK just hooked up with Base, bringing their full suite of DeFi tools to $ETH’s L2. Think lightning-fast, low-latency market data and secure random numbers, all ready to supercharge Base’s TVL, which jumped nearly 20% this month. But hey, nothing’s perfect—Base still has decentralization and withdrawal issues that could trip them up. BeInCrypto.

News In Three Sentences
Crypto News 🗞️ 

🌍 IMF’s Crypto Mining Tax: International Moron Friends Come Up With Moronic Idea

The IMF wants to slap a global tax on crypto mining, hoping to rake in $5.2 billion annually and cut carbon emissions by 100 million tonnes. They’re talking about a $0.047 per kWh tax on mining electricity—unless miners decide to pack up and move to cheaper locales. Sounds like another one of those “good on paper” ideas - except it isn’t - that might just drive the industry underground. Classic. CryptoDNES.

💼 BlackRock vs. Grayscale: The Crypto AUM Showdown 

BlackRock just edged out Grayscale to become the largest digital asset fund manager, with over $22 billion in AUM. Grayscale is still holding strong, but ongoing outflows are giving BlackRock the upper hand. The race is on, and with a $1.5 billion gap in their Bitcoin ETFs, it’s anyone’s game. Place your bets. CoinPedia.

🧾 Dubai Court Says Crypto Salaries Are Legit—Pay Up in EcoWatt 

In a groundbreaking move, a Dubai court has ruled that crypto salaries are legally binding. An ex-employee took his boss to court for unpaid wages in EcoWatt tokens, and the court sided with him. So, if you’re working in Dubai, don’t be surprised if your next paycheck comes in tokens instead of dirhams. The future is here, and it’s crypto. TheNewsCrypto.

💰 Nigeria Freezes $38M in Crypto—Because Protesting is Expensive 

Nigeria’s High Court just froze $38 million in crypto linked to anti-government protests. With the naira tanking and inflation at a 28-year high, the government isn’t taking any chances. The authorities claim crypto’s to blame for their economic woes—because obviously, the best way to fix inflation is to seize some digital coins. CoinDesk.

Links That Don’t Suck 🔗

👨‍💼 Senator Ted Cruz now holds this much Bitcoin

🎨 Donald Trump has earned more than $7 million from NFTs, holds up to $5 million in crypto

💵 Digital payments platform Flexa launches crypto point-of-sale tool

🤯 $331 million Cardano (ADA) mystery stuns crypto market

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Author Disclosure: The author of this newsletter holds positions in Bitcoin, Ethereum, Dogecoin, and Arbitrum. 📋