OVERVIEW

Full Circle 🟢 

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:

TECHNICAL ANALYSIS
Full Circle 🟢 

USDC’s Circle (CRCL) hit the stonkmarket market today, practically ripping the door off its hinges. 🚪 

Shares opened at a spicy $69, more than double their IPO price of $31, and surged as high as $103.75 before the trading halt police stepped in multiple times to cool things down.

By the close, Circle landed at a cool $83.22, sporting a market cap north of $16 billion. Not too shabby for a company issuing digital dollars.

Circle and its investors raked in nearly $1.1 billion from the upsized IPO, significantly outperforming the initially marketed range of $24 to $28 per share.

Clearly, Wall Street's appetite for crypto hasn't waned - in fact, it looks like it's just getting started. 🥇 

As for retail, the Stocktwits community remains divided on their approach to this offering, but the attention is there, with 3,300 users already following the stock. 🤯 

TECHNICAL ANALYSIS
June Swoon Starting Soon? 😐️ 

The most important and dominant trendline for Bitcoin, the same one we’ve been looking at since April 2024, is still proving its strength and importance. 🧠 

We last looked at in the May 23, 2025 Litepaper:

Thing’s looked good roughly two weeks ago, and they still look pretty good, but BTC dipped below that trendline. Here’s where we’re at now:

Definitely looks like the setup for another red June is in play. Fingers crossed. 🤞 

STOCKTWITS POLL
Will The US Buy More BTC For The Strategic Reserve? 🤔 

Less than a day left on this poll! 🧠 

Close to 60% think the government is going to stack more Sats.

Vote and let us know what you think! 🗳️ 

ON-CHAIN ANALYSIS
MVRV Ratios: Who’s Chill & Who’s Not 🫢 

Quick version of what the MVRV (Market Value to Realized Value) ratio is. 🧠 

It tells us if folks holding a crypto asset are sitting comfy with profits or grumbling over losses. When it's way above zero, holders might cash out, triggering selling pressure. When it's negative or hovering low? Usually means investors might scoop up more, smelling a bargain.

Let’s see whether this market is ready to bail or fill a pail based on their 90-day MVRV values. 👀 

Ethereum

Bullish Outlook: ETH holders feeling good, but nothing crazy - sitting on decent gains without hitting "sell everything" levels yet. Honestly, it looks more like "hold and chill" rather than panic sell, leaving room for ETH to flex some upside muscle without scaring everyone away.

Bitcoin

Bullish Outlook: Bitcoin investors? Barely profitable right now (again, we’re talking about a 90-day time period here) - more like a subtle thumbs-up than champagne-popping celebrations. This modest number tells me BTC's got room to climb without everyone rushing to exit stage left at the first sign of profits.

Cardano

Cautiously Bearish Outlook: Alright, ADA’s getting a bit hot - holders sitting on enough gains to start eyeing the door, honestly. We're in "take a little off the top" territory, suggesting ADA might see some short-term pressure unless there's news that makes everyone forget about profits.

XRP

Neutral-to-Bearish Outlook: XRP investors are comfortably profitable, but that’s the catch - they're comfortable enough to consider cashing out. Not at scary "dump it now" levels yet, but if you see XRP taking a breather or slightly dipping, don't act shocked.

Litecoin

Bullish Outlook: Litecoin’s sitting pretty chill. The ratio’s barely nudging profits, so no one's rushing to cash out early. Could mean LTC has room to inch higher without facing massive sell pressure from jittery holders afraid of losing their tiny gains.

In a nutshell: ETH and LTC look bullishly relaxed, BTC’s cautiously optimistic, XRP’s side-eyeing profit-taking, and ADA’s flirting with the edge of bearish caution. 📊 

NEWS IN THREE SENTENCES
AI, Stablecoins, & Privacy News 🕵️

💸 Circle Payments Network Goes Compliant

Who knew cross-border stablecoin payments would finally make bureaucracy feel cutting-edge? Circle rolled out its Circle Payments Network (CPN), promising easier stablecoin transactions and (wait for it) built-in compliance. Users can now secretly handle payroll, trade finance, and more, leveraging confidential blockchain transactions that won’t expose sensitive info to public view. Circle.

🛠️ Fetch.ai’s ASI:One Update Fixes UX Problems You Didn’t Realize You Hated

Good news: your AI agents might finally stop driving you insane every time you try to use them. Fetch.ai upgraded ASI:One’s UI with clearer execution indicators, default web search for all models, and refined chat interactions. Turns out, slightly less clutter and fewer UI glitches genuinely improve user sanity levels. Fetch.ai.

NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️

🎨 XRP Ledger Adds Mutable NFTs

XRP Ledger is activating two protocol fixes and launching mutable DynamicNFTs, meaning creators can update their NFT metadata after minting. If validators haven't upgraded servers to at least v2.4.0, they're now blocked from participation - basically ghosted by the network. XRP.

⚽ Chiliz Integrates Talent Protocol, Now SportFi Builders Have Credit Scores

Chiliz Greenhouse integrated Talent Protocol, giving SportFi builders verifiable, blockchain-based reputation scores that prove they’ve actually done something useful. Instead of old-school CVs, developers can now flaunt hackathon wins and smart contract deployments directly on-chain. So, builders, your Web3 résumé can finally showcase your skills without awkward LinkedIn humble-brags. Chiliz.

🥷 Injective Launches Yapper Leaderboard, Gamifies Crypto Posting

Injective teamed up with Kaito AI’s "Yapper" leaderboard to reward crypto influencers for high-quality content on X, with 6,000 INJ tokens up for grabs. The AI-driven algorithm rates posts based on engagement, quality, and originality. Injective Protocol.

STOCKTWITS CREATORS
Daily Rip Live’s Shay Boloor Announces New Venture “Futurum Equities Research” 🤩 

You already know Shay Boloor as host of Stocktwits’ “Daily Rip Live” morning show, where he delivers expert takes on the latest market trends. Now, he’s joining Futurum Group to launch and head Futurum Equities Research as Chief Market Strategist.

The Futurum Equities philosophy, ‘A.I.R’ (Access, Insights, Research), aims to level the playing field and provide retail with the edge that institutions have long held. Stocktwits will be a key partner, with Shay building on his existing collaboration with Stocktwits to host and distribute exclusive video content and shows. 🤝 

Be sure to follow @Shayboloor on Stocktwits and subscribe to the Stocktwits YouTube channel to stay on top of this exclusive content. 🚨 

Check out today’s Daily Rip Live where Shay discusses the partnership details. Plus, he debates Apple and MongoDB with Michael Parekh, and checks in with IonQ’s CEO Niccolo De Masi on the latest quantum computing trends. 🤯 

NEWS IN THREE SENTENCES
DeFi, DEX, & Lending Protocol News 🏦

🧹 Aptos Silently Upgrades Token Standard, Users Blissfully Ignorant

The new FA standard is supposedly faster, safer, and way less of a hassle, quietly making life better in the background. Aptos is auto-migrating tokens to its Fungible Asset (FA) standard starting with APT, and users literally do nothing. Aptos devs realized the best blockchain upgrade is one users won’t even notice enough to complain about. Aptos.

🗳️ YieldNest Debuts Governance You Might Actually Use - If You’re Paid Enough

For users allergic to active governance, Stake DAO offers passive rewards, so you can profit while literally doing nothing. YieldNest introduced governance powered by Aragon, letting users stake YND tokens for direct influence and juicy revenue shares. They've basically monetized voting power - finally, crypto governance that admits influence costs money. Aragon.

⚡ Substreams Fixes Solana’s Indexing Mess

Solana’s ridiculously high speed makes traditional indexing tools choke, so Substreams arrived to clean up the mess. It handles real-time streams, historical data backfilling, annoying re-orgs, fragmented account states, and even tricky decodings without making devs pull their hair out. The Graph.

LINKS
Links That Don’t Suck 🔗

🍟 Jack Dorsey buys $100 worth of fries, and folks are losing it

🦜 U.S. and China leaders discuss economic trade through dialogue

🎯 Ethereum foundation targets scalability with new treasury policy

🤖 Amazon is reportedly training humanoid robots to deliver packages

🎮️ Epic Games announces Unreal Engine 5.6, promises 60fps with hardware ray tracing

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Author Disclosure: The author of this newsletter holds positions in ADA, IMX, COPI, MIN, AGIX, ALGO, ZEC, XLM, and NEAR. 📋