OVERVIEW

Wife Leaves Note On Fridge: “It’s Me Or The 4-Hour Chart” 📈

Here’s What’s Happening 👇️

Top trending crpyto tickers today: Redacted, World Liberty Financial, Ralys, Dogecoin, and Litecoin.

Biggest gainers: $DOGE ( ▲ 5.15% ) , $CC ( ▲ 2.66% ) , $TON ( ▲ 0.28% ) , $ASTER ( ▼ 0.23% ) , and $PI ( ▼ 10.9% )

Biggest losers: $WLFI ( ▼ 13.9% ) , $SKY ( ▼ 6.19% ) , $AAVE ( ▼ 4.48% ) , $ZEC ( ▼ 2.24% ) , and $UNI ( ▼ 2.6% )

Before we dive in, here’s today’s crypto crypto’s total market and altcoin market cap charts:

Click to enlarge.

NEWS
Platform That Profits From Rugpulls Rugpulls Its Own Supply In Solidarity 😆

A platform that built its empire on launching tokens that go to zero, Pump.fun announced last night it has burned approximately $370 million worth of $PUMP ( ▼ 7.58% ) tokens, roughly 36% of circulating supply, in an effort to gain the trust of holders who noticed something was off.

Twitter tweet

And 100% of the revenue going into burns is no longer a thing.

They said, basically, they need money. Without citing nine months of allocating 100% of revenue to buybacks while the token did whatever the opposite of pumping is, it was a problem.

To address this, Pump.fun has also locked in a smart contract directing 50% of future revenue toward additional buyback and burns – for exactly one year.

SPONSORED

Copy BlackRock’s $10 Trillion Playbook

BlackRock manages $10 trillion using a playbook that’s been hidden from retail investors for decades.

Until now.

I reverse-engineered their three-phase system into the ABN Framework:

A – All-Weather Portfolio (protect your base in any market)
B – Become Your Own Bank (collect fees like institutions)
N – Native Markets (get in before major exchange listings)

The same institutional edge… without needing millions in capital.

Over 4,000 investors are already using this:

Bill generated $932,000 in 21 days using our Native Markets strategy.

David made $27,000 in passive returns in just 2 weeks.

Jeff 5x’d his entire portfolio with our ABN framework.

Watch the ABN System presentation →

The window’s closing as institutional money floods in, so act quick.

For educational purposes only. Results will vary. DM Intelligence LLC is not liable for losses.

NEWS
When the Chart Goes Flat: Crypto Media Has Lost A Third Of Its Audience 😱

Crypto-native publishers had a 2024 sugar high. Election bounce, spot ETF afterglow, Bitcoin north of $100K – everybody and their cousin was clicking on a Cointelegraph headline.

Then the calendar turned, Google turned the screws, Bitcoin stopped moving, and the whole vertical got repriced. Across 349 crypto-native outlets tracked by Outset Media Index, global monthly traffic went from 105.85M visits in January 2025 to 70.78M in December – a 33% drawdown in twelve months.

Q1 2026 brought no relief.

Damage By The Numbers

• Sector trajectory was straight down through 2025: a 33% global drawdown from January to December, with the US (130 outlets) cratering 33.5% quarter-over-quarter in Q4 alone. October peak: 43.92M visits. December floor: 29.22M.

• Cointelegraph crater: the largest crypto-native publisher on the planet started 2025 at 12.8M monthly visits and walked off a cliff. The October 6 manual-style enforcement hit after Google’s August spam update; the iGaming directory operating under cointelegraph.com’s authority pulled the whole domain down. US edition collapsed 76% September to December, from 6M to under 1.5M visits.

• Concentration math: 53 outlets capture 95.25% of total US crypto-native traffic. Gini coefficient sits at 0.62 – more unequal than US household income. The middle class of crypto media has effectively died.

What’s Driving It?

• Google rerouting search authority. The August spam update did the headline damage; the June core update before it had already moved 63% of media outlets up or down 14-50%. Publishers running affiliate, comparison, and casino content under news-domain authority got penalized. Publishers without those structures (BeInCrypto, The Block, Bitcoin Magazine) held.

• AI displacing search itself. AI referrals accounted for 25.61% of all referral traffic across US crypto-native outlets in Q4 2025, with ChatGPT alone driving 87% of that. Year-over-year growth: 623%. Readers who used to type “BTC price” into a URL bar are asking a chatbot instead.

• Bitcoin price as primary attention catalyst. US crypto media traffic peaked in October 2025 when BTC briefly hit $126K. November fell 24.79% as BTC dropped 27% to under $81K. Q1 2026 saw BTC drop another 22% to $68K.

The Robinhood Correlation confirmation

• $HOOD ( ▼ 13.25% ) Q1 print told the same story from the brokerage side. Crypto transaction revenue $134M, down 47% year-over-year. Robinhood App crypto notional volume $24B, down 48%. Customers placing crypto trades down 32% YoY.

It’s ugly out there. The publishers who kept clean editorial structures (#flex) held; the ones who rented their domain authority to casino affiliates are at a fraction of their 2024 traffic.

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

Circle Announces USDC Now Available On Blockchain Nobody Has Heard Of

Circle announced that USDC and CCTP are live on Pharos, a fast-finality Layer 1 designed for “compliant financial applications at scale,” making Pharos the 33rd blockchain with native USDC and the 22nd with CCTP support. The announcement listed Pharos apps including AquaFlux, Asseto, Faroo, FaroSwap, Ember, and TermMax, none of which the average reader has interacted with. Circle.

Coinbase Bestows Sacred Listing Upon Virtuals Protocol, Sets Aside 24 Hours For Insiders To Exit

Coinbase Markets announced Tuesday that VIRTUAL-USD spot trading will go live today at 9 AM PT, “if liquidity conditions are met.” The exchange dutifully reminded users to send the asset only over Base network, lest their funds vanish forever, a warning that approximately 4,000 retail traders will ignore within the first 48 hours. Virtuals Protocol.

Theta Labs Triumphantly Announces 33rd University Has Discovered That GPUs Are Cheaper Elsewhere

Theta Labs revealed that Illinois Institute of Technology’s Center for Decision Making and Optimization has joined its academic GPU network, becoming the 33rd university to figure out that paying hyperscaler rates for H100 access is optional. Professor Yong Zheng’s lab will use EdgeCloud’s hybrid network of enterprise GPUs, community nodes, and AWS infrastructure for research in personalization and recommender systems. Theta.

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

Wireless Carriers Cut Capex, Discover Three Million Strangers Have Already Built A Network In Their Living Rooms

As major U.S. telecoms scaled back infrastructure spending and analysts at Dell’Oro warned that the traditional model “cannot fund the gap it’s facing,” Helium announced that 3.5 million people are already getting daily wireless service through Hotspots people stuck on their bookshelves. Helium.

Quant CEO Uses Word “Interoperability” Eleven Times At Payments Conference

At IFGS 2026, Quant founder Gilbert Verdian joined a UK panel on the National Payments Vision, where he declared that interoperability “on a technical level has been solved” and that programmable bank accounts are “the next 20 years.” Panelists agreed that payments should “fade into the background,” that the singleness of money must be preserved, and that five million UK cash users cannot be left behind. Quant.

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

IO Proudly Reports It Did Most Of The Things It Said It Would Do

Input Output published a 1,100-word retrospective confirming that 16 of 18 treasury-funded Cardano commitments were delivered in Q4 2025 and Q1 2026, with two canceled and the funding returned. Highlights included USDCx launching in 84 days, three scaling solutions reaching working code, and chief scientist Aggelos Kiayias being named an ACM Fellow. Cardano.

DeFi Users Discover They Can Pay A Smart Contract To Panic Faster Than They Can

Reactive Network published Part 2 of its Kelp postmortem, explaining that ordinary humans cannot react to a 116,500 rsETH bridge drain in a single block, and proposing Reactive Contracts as the solution. Solution: An automated on-chain agent that monitors your Aave health factor and unwinds your position before the whales drain WETH liquidity to zero. The post described this as “self-defense infrastructure.” Users who lost everything in April described it as “would have been nice last week.” Reactive Network.

NEWS IN THREE SENTENCES
Protocol News 🏦

Algorand Solves User Acquisition Problem By Letting Users Skip Algorand

The Algorand Foundation unveiled xChain Accounts on Monday, a system that lets people interact with Algorand dApps using MetaMask, Rabby, or Coinbase Wallet, no Algorand wallet required. The integration programmatically creates an Algorand account linked to the user’s existing EVM address, an approach the Foundation described as “lowering the barrier to entry.” Algorand.

Arbitrum Sells Compliance As Feature, Pretends This Was The Plan All Along

Arbitrum announced Monday that its platform now supports infrastructure-level compliance, allowing regulated businesses to define KYC, AML, sanctions screening, access lists, and continuous monitoring rules at the chain layer instead of “fragmented application-level controls.” Arbitrum.

OLD NEWS
Crypto Stuff That Happened Today, But A Long Time Ago 📜

Here’s what was happening in the newsletter a year ago today:

• The big story was Cambridge’s Bitcoin mining report – mining used about 138 TWh a year, roughly 0.54% of global electricity, with just over 52% of power coming from sustainable sources.

• The U.S. was basically the mining empire – about 75.4% of global hashrate, with North America around 82% combined.

• Mining was getting more concentrated – 4 pools controlled about 75% of total hashrate, and Bitmain basically owned the ASIC market.

• Mashinsky was staring at a possible 20-year sentence – the Celsius wreckage was back in focus, along with the long list of ways customers got cooked.

Here’s what was happening in the newsletter two years ago today:

• Ethereum fees had dropped hard – average fees were down to about $3.87 from $15.21 in early March.

• The Tornado Cash case was framed as the real privacy fight – less about price, more about whether code and anonymity get treated like crimes.

• Runes holders were getting wrecked – about 68% were in the red not long after launch.

• Lido had become a monster – over 1 million Ethereum validators and about 28.5% of all staked ETH.

OLD NEWS
Other Stuff That Happened Today, But A Long Ass Time Ago ⌛️

April 29

• 1429 – Joan of Arc relieves Orleans

• 1770 – James Cook’s first landing in Botany Bay, Australia.

• 1864 – New Zealand Wars, Battle of Gate Pa – 1,700 British Troops are defeated by 230 entrenched Maori warriors.

• 1916 – The Easter Rising ends after Irish republicans surrender unconditionally.

• 1943 – Operation Mincemeat reaches Spain.

• 1945 – The US Seventh Army’s 45th Infantry Division liberates the Dachau concentration camp, freeing more than 31,601 prisoners.

• 1967 – Aretha Franklin’s ‘Respect’ is released.

• 1975 – Operation Frequent Wind, US begins the evacuation of citizens from Saigon.

• 1990 – Cranes start start to demolish The Berlin Wall at the Brandenburg Gate.

• 2004 – The last Oldsmobile is built in Lansing, Michigan, ending 107 years of production.

• 2011 – Prince William and Catherine Middleton get married.

LINKS
Links That Don’t Suck 🔗

🤯 EXCLUSIVE: Robinhood CFO Addresses HOOD Stock’s 14% Selloff — Says Market Is Misreading Q1 Earnings Miss

🚀 SpaceX IPO Has A Stunning Clause Even Tesla Didn’t Think Of — Elon Musk Can Only Be Fired If He Says So: Report

💳️ Visa Rallies After Stablecoin Settlement Hits $7 Billion, Adds Five New Blockchains

📜 CLARITY Act To Get Fast-Tracked, Says Senator Thom Tillis – Calls For ‘Good Faith’ On Stablecoin Yield

😱 Arthur Hayes Warns Of ‘Great Depression-Style’ Bear Market From Credit Cycle Reversal

Get In Touch 📬

Email me, Jonathan Morgan, feedback; I’d love to hear from you. 📧
Follow me on Stocktwits 🫂 And Sponsor this newsletter 😎 

Terms & Conditions 📝

Securities Disclaimer: STOCKTWITS IS NOT A TAX ADVISOR, BROKER, FINANCIAL ADVISOR OR INVESTMENT ADVISOR. THE SERVICE IS NOT INTENDED TO PROVIDE TAX, LEGAL, FINANCIAL OR INVESTMENT ADVICE, AND NOTHING ON THE SERVICE SHOULD BE CONSTRUED AS AN OFFER TO SELL, A SOLICITATION OF AN OFFER TO BUY, OR A RECOMMENDATION FOR ANY SECURITY. Trading in such securities can result in immediate and substantial losses of the capital invested. You should only invest risk capital, and not capital required for other purposes. You alone are solely responsible for determining whether any investment, security or strategy, or any other product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. You should also consult an attorney or tax professional regarding your specific legal or tax situation. The Content is to be used for informational and entertainment purposes only and the Service does not provide investment advice for any individual. Stocktwits, its affiliates and partners specifically disclaim any and all liability or loss arising out of any action taken in reliance on Content, including but not limited to market value or other loss on the sale or purchase of any company, property, product, service, security, instrument, or any other matter. You understand that an investment in any security is subject to a number of risks, and that discussions of any security published on the Service will not contain a list or description of relevant risk factors. In addition, please note that some of the stocks about which Content is published on the Service have a low market capitalization and/or insufficient public float. Such stocks are subject to more risk than stocks of larger companies, including greater volatility, lower liquidity and less publicly available information. Read the full terms & conditions here. 🔍

Author Disclosure: The author of this newsletter holds positions in AVAX, ADA, PUDGY, WLD, NEAR, INJ, LTC, LINK, ZEC, XLM, and FET. 📋