So, June Still Sucks 😐️

It may not feel like it, but the market is still in an uptrend

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OVERVIEW

So, June Still Sucks 😐️

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

Source: Santiment

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

Source: TradingView

TECHNICAL ANALYSIS
Still In A Bull Flag 👍️ 

Bombs, war, inflation, Godzilla, aliens, and everything else under the sun has everyone running around like a squirrel that just ripped open a suspicious looking bag of white powder. 🐿️ 

Which, naturally has everyone screaming doom and gloom. But when you look at the whole crypto market, it’s still in a bullish continuation pattern (bull flag):

Total Crypto Market Cap Daily Chart - Click to enlarge.

Hell, even if you get rid of BTC and ETH from the equation, the crypto market is still in a bull flag. I mean it’s a much scarier looking bull flag, but it’s still inside a bullish continuation setup:

Altcoin Market Cap Daily Chart - Click to enlarge.

And don’t forget: June sucks. 👎️ 

When ranked for best performing months, June is 10th for Bitcoin. So, not that great.

For Ethereum, June is historically the worst performing month (-4.47%). For context, only two months of the year for ETH have historical average returns in the negative. That’s June and then August (-3.83%).

XRP has closed June in the red eight out of the past ten years! DOGE has closed June in the red for seven years in a row. It’s also Dogecoin’s worst month. And Cardano’s closed June in the red six out of the past seven years,

Like I said before: June sucks. A little under a week left before July, so let’s see how things go. 👀 

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Revenue up 19% YoY to $164.2M

Q1 net income up to $12.2M vs. net loss of $4.2M in Q4 2024

Adjusted profits up 92% YoY to $33.1M

The best part? Their growth hasn't historically been tied to Bitcoin’s price. Instead, they ride the growing wave of crypto adoption, generating revenue with Bitcoin ATM usage. With Q1’s momentum behind them, major asset management firms and everyday investors alike are taking notice.

Pair this with Bitcoin Depot’s growing Bitcoin treasury strategy, and you can see their confidence and commitment to building an undeniable presence in the long-term digital asset landscape on full display.

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* The above is for general informational purposes only and is not investment advice nor does it constitute an offer, recommendation, or solicitation to buy or sell a particular financial instrument. Bitcoin Depot is not a registered investment adviser under the U.S. Investment Advisers Act of 1940. Nothing contained herein constitutes a solicitation, recommendation, endorsement, or offer by Bitcoin Depot to buy or sell any securities or other financial instruments

NEWS IN THREE SENTENCES
Crypto News 📰 

🐙 Cardano Parades Layer-2 Freak Show Beyond Hydra

Cardano’s researchers rolled out a parade of layer-2 toys that stretch way past the original Hydra heads. Optimistic Midgard rollups, privacy-minded zkFold, and the Gummiworm spin on state channels all promise mainnet or testnet debuts before year-end to keep the EUTXO crowd liquid. Cardano.

IoTeX v2.2 Slashes Finality to 2.5 Seconds

A Roll-DPoS overhaul halves block time, adds optimistic minting, and preps the chain for 2,000 TPS without layer-2 crutches. Time-based staking v3 replaces block-count locks for cleaner UX. IoTeX.

🔗 Curve Unleashes Bridge-Agnostic Block Oracle on 20 Chains

Storage proofs ferry governance data and price feeds without betting protocol TVL on any single bridge. Native links push blockhashes; Vyper verifiers confirm state; everyone else mooches the trustless feed. Multichain messaging finally found its seatbelt. Curve Finance.

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

💰 Story and OKX Throw $10M at On-Chain IP Finance

Copyright lawyers will soon bill extra to pronounce “IPFi.” The new fund targets startups that turn voice clips, patents, and memes into tokenized collateral with programmable royalties. By framing intellectual property as the next big RWA, the duo wants apps that license data to AI models without PDF contracts. Story Protocol.

🆔 SPACE ID Invades Galxe Starboard With $10K in Clout Rewards

Oooo, vanity URLs just turned into social tokens. Domain holders earn Aura points for memes, threads, and on-chain quests while fighting for top-100 contributor loot. It’s a push to make “kate.bnb” the new blue check of Web3. SpaceID.

🧠 The Graph Turns Knowledge Graphs Into GRC-20 Lego

A five-week hackathon produced on-chain datasets for courts, jobs, and education, all queryable via Geo Genesis spaces. Structured knowledge now travels through Subgraphs like ERC-20 tokens, ready to feed the next wave of AI agents. The Graph.

SPONSORED
Why This Blockchain Stock Could Be the Next Big Digital Asset Play

C2 Blockchain Inc. (OTC: CBLO) is following the proven playbook of MicroStrategy with Bitcoin and Sharplink Gaming with Ethereum — but is focused on Cardano.

By accumulating high-conviction digital assets as treasury reserves, C2 Blockchain is building a crypto-backed balance sheet designed for long-term growth.

Cardano’s focus on scalability and efficiency makes it a powerful reserve asset — and CBLO’s strategy reflects real conviction, not hype.

With a sub-$10M market cap and low float, CBLO offers early exposure to a digital asset model already validated by major players.

Model: Reserve-backed strategy

Focus: Cardano (ADA)

Why It Matters: Microcap. Real assets. Real upside.

3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here. 
This content is for informational purposes only and does not constitute investment advice. Always do your own research before making financial decisions.

NEWS IN THREE SENTENCES
Real World Asset Tokenization (RWA) News 🪙

🌍 Hedera Recruits Big Oil to Audit Carbon On-Chain

Blockchain for Energy slid into the Hedera Council and plugged its B4ECarbon platform straight into the network’s dMRV rails. Emissions data now lands in a tamper-proof ledger while AI and IoT gizmos prep to tag every CO₂ burp in real time. Hedera.

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

🤪 Aptos’ Loonies NFT Mob Keeps ‘Ditch Limits’ Alive

The 2,222-piece collection fuels a $93 M LOON reward engine and 399 K spin-to-win plays while its creators ship Wapal marketplace and Alura AI trading bot. Unique PFP art meets relentless community bribes to keep Aptos timelines buzzing. Somewhere a bored ape just checked its engagement stats and sighed. Aptos.

🎤 Fan3 Drops Bot-Proof Ticket Passes on Avalanche

Ticket platforms might need a new grift. Digital wallet passes pair with NFC wristbands to nuke scalpers and reward real attendance, debuting with Pitbull’s Bald E’s program. Fans snag presale access and post-show drops while artists regain control of their data. Avalanche.

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

💧 Casper 2.0 Lets Stakers Spend While They Earn

Native liquid staking hands users sCSPR the moment they delegate, freeing tokens to loop through WiseLending and other DeFi toys. No wrappers, no custodians, just protocol-level logic that Ethereum still fumbles with third-party work-arounds. Casper Network.

🛠️ 1inch Dangles $525K to Hack DeFi Interop

From July 25 developers can build cross-chain swaps, derivative hooks, or full dApps across non-EVM chains for fat bounties. The event nods to 1inch’s own hackathon origin and dares coders to erase chain borders entirely. 1inch.

🐳 Anchorage Wallet Pipes Directly Into Uniswap Liquidity

Institutions using Porto now hit Uniswap and UniswapX from the dashboard with automated gas, routing, and 4.6-bp price bumps across 14 chains. $3T in DEX volume just went one API call closer. OTC desks might want bigger holiday discounts. Uniswap.

🎯 PriveX Kicks Off $65 K Volume Wars on COTI DEX

Six bi-weekly contests reward raw trading volume with COTI, SYMM, NFTs, and meta-game bonuses - no P&L tricks required. Top slot pays $700 in epoch one, with bigger pots each round. COTI.

LINKS
Links That Don’t Suck 🔗

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