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OVERVIEW

Crypto Traders Googling 'How to Unsee Portfolio Balance’ 🤦

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 IN THREE SENTENCES
Crypto News 📰

🤑 Galaxy Digital Forks Over $200M to NYAG, Terra-LUNA Bags Still Haunting Them

Galaxy Digital settled with the NY Attorney General for a hefty $200M over its ill-fated Terra-LUNA play, proving that even crypto's big boys aren’t immune to spectacular wipeouts. Amid the fallout, Galaxy quickly changed the subject to their shiny new 15-year deal with CoreWeave, betting big on AI to distract from their costly stablecoin regrets. Terra might be dead, but the bills keep coming. Bankless.

📉 Nasdaq Wants SEC Approval for Grayscale’s AVAX ETF, But AVAX Traders Too Busy Panic Selling

Nasdaq filed paperwork for Grayscale’s Avalanche ETF, hoping to lure institutional investors toward regulated crypto exposure, even though $AVAX.X ( ▼ 1.67% ) just plunged 8%, trading like it's 2022 again. Grayscale says the Avalanche network's scalable tech is ripe for mainstream investing, but unless the SEC moves faster than Avalanche’s price recovery, traders might keep choosing panic over profits. Regulators move slowly; bear markets don’t. Crypto-Economy.

⛏️ Bitcoin Hashprice Stops Bleeding (For Now), Miners Still Sweating

Bitcoin’s hashprice stabilized after an ugly quarter saw miners' revenue dive 25%, reminding the crypto world that securing the Bitcoin network doesn't pay like it used to. Miners might get temporary relief, but margins are tighter than ever, and only the strongest (or luckiest) operators will weather the storm. Turns out "mine and hold" is easier said than done when electricity bills are knocking. CryptoSlate.

📉 Solana Tanks Post-Trump Inauguration; Apparently Presidential Memecoins Can’t Save Everything

Since Trump took office, $SOL.X ( ▼ 2.38% ) has shed nearly half its market cap, with SOL transaction fees plummeting 93% and validator revenues collapsing 98%. Turns out even a Trump-branded memecoin couldn’t stop Solana’s active users from fleeing faster than truth from a political debate. With trading volume down 87%, it looks like the "Trump bump" was more hype than help for SOL. Protos.

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