OVERVIEW

Behind The Scenes, Buyers Building Bags 💰️

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

NEWS IN THREE SENTENCES
Crypto News 📰

💸 Rumble Launches USDT Wallet; Crypto Haters Can Stick to Ad Revenue

Rumble’s ($RUM ( ▼ 2.49% )) CEO just dropped a wallet integrated with Tether’s $USDT.X ( ▲ 0.01% ), giving content creators actual control over their cash. After Tether threw $775 million into the platform, Rumble repaid the favor by loading up $17 million worth of Bitcoin. Chris Pavlovski’s X.

🚨 Binance Axes Another Sketchy Market Maker; Critics Quietly Ignore

Binance booted a shady market maker who cashed out $38 million manipulating $MOVE.X ( ▼ 5.84% ) tokens. MOVE prices jumped 10% the minute Binance kicked the scammers to the curb, proving the market loves justice (and volatility). Binance’s X.

🚀 XRP ETF Now ‘Obvious’; Crypto Critics Struggle with Reality

With Ripple’s legal victory finally locked down, Polymarket gamblers are giving $XRP.X ( ▼ 3.86% ) ETFs an 86% chance of approval this year. Yet, XRP’s price moved just 5% because even crypto degens knew Ripple already won months ago. Cointelegraph.

⚖️ Bitboy In Jail With No Bail

Bitboy ended up behind bars in Florida after allegedly sending threatening emails to a judge. If you thought getting booted from your company, having an affair, abandoning your kids, and threatening your former co-worker(s) is where this dumpster fire would end – you were wrong. So very, very wrong. CryptoBriefing.

🎲 GameStop Goes Bitcoin; Wall Street Can’t Handle the Meme-ness

$GME ( ▲ 11.65% ) just made its Bitcoin-buying intentions official, juicing its meme-stonk status yet again. Shares jumped nearly 13%, but Wall Street analysts predict doom because traditional finance hates fun. Critics are busy trashing GameStop’s crypto pivot while missing another chance to understand why the kids love BTC more than dividend ETFs. Yahoo!Finance.

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ON-CHAIN ANALYTICS
The MDIA: When Lower Is Better 👍️ 

We’ve looked at a few on-chain metrics in the Litepaper, chiefly the MVRV and, more recently, the SOPR. Today, we’re looking at the MDIA or the Mean Dollar Invested Age. 👀 

The Mean Dollar Invested Age (MDIA) tracks how long, on average, the dollars invested in a crypto have been parked without moving. Think of it like checking the expiration date on investor enthusiasm.

• Rising MDIA means folks are clinging tightly to their dusty bags, new money is scarce, and the market’s energy feels about as lively as MySpace. Usually, this hints at investors being cautious or bored, often preceding market tops or periods of stagnation.

• Falling MDIA signals fresh cash pouring into the asset, and that investors—newbies or otherwise—are jumping back into the action. Typically, a declining MDIA screams bullish optimism or market strength, suggesting a juicy uptrend might be brewing.

In short:

• Rising MDIA = Old bags, yawns, and possible caution ahead.

• Falling MDIA = New money, excitement, and likely bullish vibes incoming.

Again, just want to make sure we’re all reading this correctly, for the MDIA, moving lower is bullish and higher is bearish. That’s the opposite of how we’re used to looking at things, so there it is. 🧠 

The 90-Day MDIA’s For XRP, ETH, BTC, DOGE, and ADA 5️⃣ 

A 90-day MDIA gives us a pulse on the short-term enthusiasm or boredom of investors, making it easier to spot shifts in sentiment before they become obvious to everyone else. 📅 

Bitcoin

Click to enlarge.

$BTC.X ( ▼ 0.98% )’s MDIA is still trekking upwards without even pausing for breath, meaning new money is about as scarce as Bitcoin ETFs approved by the SEC. Bearish or at least not bullish yet—investors clearly stuck in wait-and-see mode.

Ethereum

Click to enlarge.

$ETH.X ( ▼ 3.07% )’s MDIA took a sharp tumble recently after steadily climbing, signaling a burst of fresh investor activity or renewed interest. Someone’s finally waking up from a winter-long nap—bullish vibes.

XRP

Click to enlarge.

$XRP.X ( ▼ 3.86% )’s MDIA bottomed out spectacularly but is now rising fast, suggesting initial excitement has faded quicker than bullish hopes in a bear market. Currently bearish—new money has ghosted XRP hard.

Dogecoin

Click to enlarge.

After steadily climbing, $DOGE.X ( ▲ 2.58% )’s MDIA recently dipped and then resumed its slow crawl upwards. Investors briefly got excited—probably Elon tweeting again—but the boredom is creeping back. Mildly bearish.

Cardano

Click to enlarge.

$ADA.X ( ▼ 2.51% )’s coin age peaked then sharply fell, with investors shaking some dust off their bags, but now it’s hovering sideways. This suggests temporary excitement followed by cautious optimism or confusion. Mixed, leaning neutral. 😐️ 

ON-CHAIN ANALYSIS
Burnt Bag Briefing 🔥 

Want to know whether the bulls or bears are feeling the most pain today? Well, this is the place to look. 👀

24-Hour Liquidation Heat Map – Source: coinglass – Click to enlarge.

In the past 24 hours, 106,270 traders were liquidated, with total liquidations reaching nearly $215.01 million.

The largest single liquidation occurred on Bybit, a BTCUSD pair valued at $2.65 million.

Longs lost $138.21 million, while shorts were hit for $76.81 million. 🤕

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

💻 “Vibe Coding” Lets You Build Apps by Talking; Traditional Coders in Shambles

Vibe coding—a conversational, AI-driven way of building software—is turning anyone into a product manager, all without writing a line of actual code (good news for those allergic to semicolons). Originally coined by AI wizard Andrej Karpathy, this method lets creators quickly prototype ideas by literally telling AI what they want, reducing weeks of coding headaches into hours of smooth sailing. Naturally, traditionalists are clutching their keyboards in horror. aelf.

🏦 Fidelity Preps Stablecoin Launch; Skeptics Brace for Meltdown

Fidelity Investments is launching a stablecoin pegged to US Treasuries, betting billions on digital assets despite warnings from nervous TradFi critics. With Trump back in the White House pushing crypto-friendly rules, Fidelity’s digital dollar will challenge offshore giants like Tether. Financial Times.

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

⛵️ Ronin Hits OpenSea, Crypto Critics Still Calling NFTs “Just JPEGs”

Ronin Network NFTs are finally tradable on OpenSea, marking an epic reunion between Axie Infinity’s powerhouse gaming community and the OG NFT marketplace (nostalgia alert: both founders met in a CryptoKitties Discord). Users can snag commemorative Jin and Ronke NFTs, kicking off a new era of cross-platform NFT trading. Ronin.

🎬 Saga x SPIRIT Animation Team Up, Critics Say “Kids These Days!”

Saga partnered with SPIRIT Animation—creators of the beloved KARL™ cartoon—to develop AI-powered storytelling so interactive it’ll keep kids off TikTok for five minutes (good luck). The new KARL™ AI Agent dishes out life tips, positivity, and enough intelligence to make traditional animation seem as outdated as Saturday morning cartoons. SAGA.

LINKS
Links That Don’t Suck 🔗

👛 Revolut releases mobile crypto exchange app Revolut X for UK and European Economic Area users

🤯 Strategy could control 5% of all Bitcoin in bullish Bernstein forecast

🌊 What are exit liquidity traps — and how to detect them before it is too late

🌏️ Metaplanet CEO predicts more firms will create Bitcoin treasuries amid ‘new cattegory’ of company

💿️ Bill Gates just predicted the death of every job thanks to AI

🤖 Electronics-free robots can walk right off the 3D-printe

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