OVERVIEW

Bitcoin Flips Silver 🤯

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

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

NEWS
And Just Like That, Bitcoin Flips Silver 😱 

Bitcoin’s pulling a Kool-Aid Man—smashing through walls and knocking down major market-cap assets on its way up. 🧱 

After hitting $94,000 and a market cap of $1.86 trillion, it swapped positions with silver ($1.84 trillion) to become the seventh largest asset by market cap in the world.

Here are the top ten:

1. Gold $GC_F ( 0.0% ) - $22.2 trillion

2. Apple $AAPL ( ▲ 1.38% ) - $3.11 trillion

3. Microsoft $MSFT ( ▼ 1.21% ) - $2.81 trillion

4. Nvidia $NVDA ( ▼ 2.76% ) - $2.54 trillion

5. Amazon $AMZN ( ▲ 0.62% ) - $1.96 trillion

6. Google $GOOGL ( ▼ 0.57% ) - $1.92 trillion

7. Bitcoin $BTC.X ( ▼ 1.83% ) - $1.87 tillion

8. Silver $SI_F ( 0.0% ) - $1.84 trillion

9. Vanguard Total Stock Market ETF $VTI ( ▲ 0.12% ) - $1.32 trillion

10. Saudi Aramco $ARMCO ( 0.0% ) - $1.66 trillion

NEWS IN THREE SENTENCES
Crypto News 📰

💩 Pump Fun’s Dylan Kerler Exposed as OG Teen Rugpuller from 2017 ICO Mania

Turns out Pump Fun’s co-founder Dylan Kerler got his start at just 16, rugging naive investors out of $75,000 during the 2017 ICO craze. WIRED connected Kerler to two projects - eBitcoinCash and EthereumCash - which collapsed spectacularly, leaving investors holding worthless tokens. Protos.

🚨 SEC Nails Crypto Bro Behind $198M Ponzi Scheme; Dark Web Dealer Also Indicted

The SEC charged dual-citizen scammer Ramil Palafox, accusing him of running a $198 million crypto Ponzi via PGI Global, complete with fake AI trading bots and lavish personal spending sprees totaling $57 million. The DOJ also indicted Iranian national Behrouz Parsarad, operator of dark web marketplace Nemesis. CryptoJournal.

💰 Cantor Fitzgerald Launches $3B Crypto Monster

Expect this to be come a much bigger story on its own - but Cantor Fitzgerald just dropped $3 billion crypto power move, backed by Tether ($USDT.X ( ▲ 0.04% )) ($1.5B), SoftBank ($SFTBY ( ▲ 0.95% )) ($900M), and Bitfinex ($600M), planning to go public under the name "21 Capital." Some analysts think Softbank is about to throw down $900M on $BTC.X ( ▼ 1.83% ) soon. crypto-economy.

PRESENTED BY STOCKTWITS
Trends With Friends: The U.S. Confidence Crisis 😬 

Howard, Michael, Phil, and Tom are joined by special guest Jeff Richards, GP at Notable Capital (a VC with $10B AUM), to break down the chaos of today’s markets and the long-term promise of AI and American innovation. They cover:

• Why VCs are long on AI infrastructure and private innovation

• The real risk behind rising tariffs and policy chaos

• What Warren Buffett’s $300 billion war chest signals

• The degenerate economy and betting on the next Pope

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