OVERVIEW

Today Started Like Disneyland But Ended Like The Titanic 👎️

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 📰

🎪 SEC Invites Former Crypto Targets Coinbase and Uniswap to Friendly Chat

The SEC invited former enforcement targets $COIN ( ▼ 4.07% ) and $UNI.X ( ▼ 5.47% ) to participate in a regulatory panel titled "Between a Block and a Hard Place." This kumbaya move signals the regulator’s shift under Trump's SEC from lawsuits to civil conversations, as apparently litigation got too exhausting. Coinbase and Uniswap are reportedly thrilled to finally experience the SEC in a setting other than a courtroom. cryptopolitan.

🤑 Cathie Wood Dumps Own Bitcoin ETF, YOLOs $26M on Falling Tech Stocks

ARK Invest’s Cathie Wood unloaded $12 million worth of her own $ARKB ( ▼ 2.15% ) Bitcoin ETF, instead throwing over $26 million at falling stocks like Coinbase, $AMZN ( ▲ 0.61% ), and $NVDA ( ▼ 2.76% ). Buying dips might be her trademark, but ditching her Bitcoin ETF feels like giving up your dog because goldfish are trending. Bitcoin ETF holders took the hint and kept selling. The Street.

🥂 Ripple Splurges $1.25B on Prime Broker Hidden Road

Ripple announced its $1.25 billion acquisition of prime broker Hidden Road, hoping to become the crypto industry's biggest non-bank prime broker. The acquisition positions Ripple to use its $XRP.X ( ▼ 5.98% ) Ledger and stablecoin RLUSD for clearing trades. Ripple insists this mega-deal isn't about flexing, which obviously means it's all about flexing. Cointelegraph.

🐷 Australia Shuts Down 95 Crypto Scam Firms, Love Still Isn’t Real

Australian regulators nuked 95 companies running "pig butchering" crypto scams that conned 1,400 lovesick victims out of nearly $36 million. Romance and crypto turned out to be an even worse combination than pineapple on pizza. Authorities confirmed only three firms had any real assets. CoinJournal.

ON-CHAIN ANALYTICS
Inflows Are Up, But Not A Crazy Amount🧠 

If you’re wondering how panicky traders and investors are, a look at exchange inflows are a good measure. Why? Because crypto entering exchanges is often a signal people are selling. 🔻 

Bitcoin

A bump in inflows? Sure. Highest of 2025? Nope. Higher than Q4 of 2024? Not even close.

Ethereum

Compared to Bitcoin or XRP, $ETH.X ( ▼ 3.81% ) has seen the highest level of inflows. If things don’t change soon, inflows could reach a new 6-month high for inflows.

XRP

There’s been a noticeable drive higher of $XRP.X ( ▼ 5.98% ) inflows, but it’s not insane. November 2024 saw significantly more inflows.

All in all, recent inflows to exchanges have been up, but nothing crazy. It looks like the majority of hodlers are doing just that: hodling. 🤜 

STOCKTWITS CASHTAG AWARDS PRESENTED BY ETORO
In NYC On April 30th? Join Us Live At The Stand! 🤩 

The hottest night in social finance is happening live in NYC on Wednesday, April 30th, and the guest list continues to grow. Are you on it? 🤔 

If you’re in the New York area and are interested in attending, reply directly to this email with the words “I’m In.” We’ve got limited tickets available, but will do our best to hook our loyal newsletter readers up so we can see you there!

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Join us to celebrate the biggest names in finance. Plus, network with personalities you know and love at our open-bar happy hour and cocktail reception. 🍻