Good Morning,

Here's a quick preview of today’s content: We break through all time highs over the weekend and crossed $120k mark for BTC, Moonpay execs get scammed, the bank of England is scared of stablecoins, Florida is taking a hard look into Robinhood Crypto, Peter Schiff keeps digging a bigger hole for himself, Tether continues to yank USDT, and so much more.

There’s tons of news this morning so grab a cup of coffee ☕️

Happy Monday – Let’s dive in.

Market Snapshot

  • Bitcoin crosses 122,000 and has become the world’s 5th largest asset by market cap, only behind Gold, NVIDIA, Microsoft and Apple

    • QCP Capital flagged Trump-era tariffs and strong U.S. fiscal flows as key drivers behind the rally

    • Traders are increasingly positioning for upside, with demand rising for $130,000 Bitcoin call options

  • Ethereum topped $3,000 Friday morning, for the first time since February 2025

    • The move comes after Ethereum ETFs saw their highest-ever day of inflows Thursday

    • Over $258M worth of Ethereum shorts were liquidated that day

Headline Roundup
The major headlines driving crypto markets

  • Pump.fun raises $500M in minutes in PUMP token sale (TD)

  • 10 public companies that quietly turned their balance sheets into Bitcoin treasuries (BM)

  • The SEC Chair who sued Ripple is now prosecuting Tornado Cash’s Roman Storm today – full details of the case here

  • Creator of the infamous LIBRA token is seeking to have a New York class-action lawsuit against him dismissed (CT)

  • Infamous gold bug Peter Schiff says sell Bitcoin for silver – read full statements here

  • Coinbase has hired @AlexOnchain as its first “CT leader” as it looks to expand its social media team and presence (TB)

  • Satoshi Nakamoto became the 11th richest person in the world on Sunday (CT)

  • Elon Musk’s Grok 4 demo partners with Polymarket for prediction data (TD)

  • Cathie Wood’s ARK Innovation ETF sold millions worth Coinbase and Robinhood shares on Thursday (TB)

  • Fidelity frames ETH as money and Ethereum as a digital economy in new report (TD)

  • SharpLink buys 10,000 ETH directly from Ethereum Foundation, lifting value of treasury to over $558M (TB)

  • El Salvador’s Bitcoin stash tops $760M (DC)

  • Nasdaq-listed bitcoin miner BTC Digital establishes $1M ETH reserve with plans to scale (TB)

  • Coinbase sues Oregon Gov. Kotek for public records over crypto policy shift amid charges brought against the firm (TB)

  • Kraken to airdrop PUMP tokens to some users whose orders failed due to 'system constraints' (TB)

  • Coinbase acquires trading platform Opyn’s leadership team (BW)

  • $1.14B in crypto shorts rekt as Ethereum tops $3K for the first time since February (DC)

  • Tether is ending support for its USDT stablecoin on five blockchains (DC)

  • Ousted Movement Labs co-founder sues startup in Delaware court (TD)

  • Goblintown launches hotline to complain about its memecoin (BW)

  • Czech central bank buys $18M in Coinbase stock in Q2 (TB)

Market Predictions

  • Bettors on Kalshi are predicting how high Ethereum will get this year – trade your predictions on a range of events, only on Kalshi

  • Sign up with code LIT and get a $20 bonus when you trade $100

Venture Capital

  • Solana treasury firm Upexi to raise $200M to expand Solana treasury with most of the funds coming from VC Big Brain Holdings (TB)

M&A Announcements

  • The Smarter Web company adds 275 BTC to its strategic Bitcoin treasury (BM)

Regulation

  • Florida AG James Uthmeier on Thursday launched an investigation into Robinhood Crypto (YF)

  • The governor of the Bank of England warned the world’s largest banks away from issuing their own stablecoins – full statements here

Cybersecurity

  • MoonPay executives may have sent $250,000 to a Nigerian scammer (TB)

Extra Reads

Chart of the Day

El Salvador Strategic Bitcoin Reserve absolutely rockets past $750M USD value

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

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