If It's Red, It Looks Dead ☠️

Red. Red is everywhere. Red is all over the place.

OVERVIEW

If It's Red, It Looks Dead ☠️ 

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

Source: Santiment

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

Most bullish/bearish symbols on Stocktwits at the close: 📈$SUI, $DAI, $TRX, $RENDER, $BONK, 📉 $BIT, $DOGE, $PEPE, $AAVE, and $INJ

*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 🪙

🏦 Morgan Stanley Dips Into Bitcoin with BlackRock ETF and MicroStrategy Stakes 

Morgan Stanley ($MS) is going deeper into Bitcoin, revealing a 2.1% allocation to BlackRock’s spot Bitcoin ETF ($IBIT) in its institutional fund. They’re also holding 4% in MicroStrategy ($MSTR), the corporate Bitcoin kingpin. CryptoBriefing.

📉 Bitcoin Holders Stay Profitable, But Google Searches Tell Another Story 

On-chain data says long-term Bitcoin ($BTC) holders are still in profit, but Google search trends are giving off major “who cares?” vibes, hitting a 13-month low. Bitcoin’s quiet, but with institutional interest in Bitcoin ETFs picking up, that could change fast. It’s the calm before the storm, and everyone’s waiting to see what happens next. TheCoinRepublic.

🎮 PixelRealm Teams Up with Neon EVM to Fast-Track Web3 Games on Solana 

PixelRealm just made life easier for Ethereum ($ETH)-based game devs, teaming up with Neon EVM to let games run on Solana ($SOL) without rewriting a single line of code. This means faster dev cycles and fewer headaches, perfect for keeping gamers hooked. Oh, and they’re dropping a new mobile game called Kugle, featuring virtual pets and NFTs? CryptoSlate.

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