It has been an insane week for crypto.
- Bitcoin hit a new yearly low of $59,127, wiping out $300 BILLION in market cap.
- $ETH dropped to $1,500 for the first time in a year, erasing $60 BILLION.
- Bitcoin ETFs sold $1.72 BILLION worth of BTC, the second-largest weekly sell-off since launch.
- Over $5.7 BILLION in long positions were liquidated in just 7 days.
- Saylor and Tom Lee’s combined unrealized losses hit $22.5 BILLION.
- Zcash crashed -60%, wiping out $60 BILLION after a critical bug was discovered.
I need your honest reply. If I send you 500K, what will you buy RIGHT NOW?
ETH at $1670
XRP at $1.13
SOL at $66
ADA at $0.16
SUI at $0.7
TAO at $198
LINK at $7.6
LTC at $44
🚀 cPen 1.2.17 Update is Here! 🚀
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After selling $ETH, I immediately took ~50% of the capital to VVV, NEAR, ZEC, HYPE
I left the rest as capital to DCA into something not already up multiples (other than NEAR, which was ~1.40 at the time.
I've finished buying $LIT with that remaining 50%
$MSTR acquired 258,320 BTC for $22.07B (~$85,450/BTC) in 2024 and achieved a 74.3% BTC Yield, starting the year with 189,150 BTC and realizing a BTC Gain of 140,630 BTC (385/day). At $100K/BTC, this translates to shareholder value creation of $14.06B for the year or $38.5M/day.
People still think (or feel) because Bitcoin is down crypto is down.
Derivatives/perps, stablecoins, prediction markets, etc are all up in crypto.
Crypto touches every area of finance, and is much broader than Bitcoin now. It will take some time for this to sink in.
(And yes - Bitcoin is going to do great and is as important as ever - one of many cycles we've all been through.)
JUST IN: 🇺🇸 SEC approves conversion of Grayscale Digital Large Cap Fund into an ETF holding the following cryptocurrencies:
• BTC
• ETH
• XRP
• SOL
• ADA
$RLUSD is institutional-grade infrastructure for payments and tokenization.
Through @wormhole’s Native Token Transfers (NTT), $RLUSD can now move natively across multiple blockchain ecosystems, supporting cross-border payments, institutional on/off-ramps, and tokenization use cases.
For developers and institutions building onchain, that expands access to compliant, USD-backed liquidity across supported networks.
$BMNR will issue $300 million in preferred shares. Borrowing a page from @Saylor's Ponzi playbook, @fundstrat will offer a 9.5% yield to raise money to buy more Ethereum. But with $MSTR's preferred yielding over 12%, and $ETH tanking, this offering will blow up on the lauch pad.
Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.