Bitcoin's Dirty Laundry Pushes Monero Up 50% 👕
OVERVIEW
Bitcoin’s Dirty Laundry Pushes Monero Up 50% 👕
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
PRIVACY COINS
Biggly Privacy Coin Spike 🤯
In case you missed it, privacy coins had one crazy flash spike in the early, early EST hours today. 🥮
XMRUSD Daily Chart – Click to enlarge.
$XMR.X ( ▼ 1.19% ) at one point was up +53%.
ZECUSD Daily Chart – Click to enlarge.
$ZEC.X ( ▲ 2.72% ) was up +23%
So, what happened? Well, this is the crypto market, so bad stuff has a high probability of being the culprit. Here’s what one of crypto’s Sherlock Holmes had to say:
ZachXBT’s X
To make matters worse, ZachXBT thinks the victim might be one of the few OG Bitcoin hodlers. I’ll keep you updated as this is still developing. 📰
STOCKTWITS CASHTAG AWARDS PRESENTED BY ETORO
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Join your favorite traders, analysts, finance executives, media pros, fintech founders, and more at The Stand at Union Square on Wednesday, April 30th, for a night of fun and networking.
We’ve also got several comedians, including Francis Ellis and Aaron Berg, ready to perform for a packed house. And did we mention there’s an open bar? 🍻
There are still a few tickets available, so grab yours now! 🎫
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NEWS
TOKEN2049 Begins This Week 😱
TOKEN2049 Dubai 2025 might look like another crypto conference, but it’s not. Token2049 is crypto’s version of CES, E3, Paris Fashion Week, or Davos. 🥳
The speaker lineup is a who’s who of crypto. Binance’s CZ, Vitalik Buterin (please no singing), BitMEX founder Arthur Hayes, and because awkward is fun, Binance’s current CEO Richard Teng. Speaking of awkward, Tether’s Paolo Ardoino and Circle’s Jeremy Allaire will also be there.
The topics sound mostly ‘meh, heard it before’, but expect chatter about Ethereum’s identity crisis, AI linking arms with blockchain, and institutional money muscling into the space – specifically Goldman Sachs tiptoeing further into digital assets.
If anything crazy happens, we’ll let you know.
And no, I won’t be there. I have jury duty. Federal jury duty, I shit you not. The same week of Stocktwits’ Cashtag awards and the start of Token2049 I’ve got three more weeks of waiting for nothing to happen as my civic duty. 🤦
NEWS
A Cephalopod And An Alpaca Walk Into A Stock Exchange 🦑
Kraken just took another step toward world domination – or at least giving $HOOD ( ▼ 1.11% ) a run for its money. 🏃
Kraken has teamed up with Alpaca to add over 11,000 US stocks and ETFs alongside Kraken’s massive digital asset lineup, giving degens and traditional traders even more speculative ammo.
Alpaca’s self-clearing setup promises commission-free equities and lightning-fast execution. Kraken’s recent NinjaTrader acquisition reinforces their “bigger-is-better” philosophy – futures trading is now on the menu, for anyone bored with mere HODLing.
And Kraken plans to go even more TradFi soon: options, NFTs, and whatever else your grandma might ask about at Thanksgiving. 😲
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. 👀
In the past 24 hours, 114,795 traders were liquidated, with total liquidations reaching nearly $271.08 million.
The largest single liquidation occurred on Bybit, a BTCUSD pair valued at $1.91 million.
Longs lost $178.61 million, while shorts were hit for $91.13 million. 🤕
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NEWS IN THREE SENTENCES
Crypto News 📰
💰 Strategy Goes All-In Again, Grabs Another $1.42B in Bitcoin
Michael Saylor’s Strategy scooped up 15,355 more BTC for about $1.42 billion, bringing its war chest to a whopping 553,555 BTC—worth north of $52 billion. The latest spree was funded by stock offerings, making the company’s average buy-in around $64,459 per coin. CoinDesk.
🍪 Brave Launches Cookiecrumbler to Crush Annoying Cookie Banners
$BAT.X ( ▲ 0.19% )’s Brave browser just open-sourced “Cookiecrumbler,” an AI-powered tool to identify and block annoying cookie consent notices without breaking websites. The tool automatically suggests blocking rules, finally freeing humans from clicking endless “Accept All” buttons. Privacy advocates thrilled; advertisers not so much. Brave.
💸 Tether Prints Another $1B USDT in 24 Hours
Tether minted a fresh billion USDT on the TRON network, pushing its total TRON-based supply to a staggering $71.7 billion. Historically, big Tether printings have juiced Bitcoin rallies—and with BTC now flirting around $95,000, this liquidity injection might just kickstart the next bull phase. U.Today.
🏦 Institutions, Not Retail, Drive Bitcoin’s Run to $95K, Says Bitwise CEO
Despite Bitcoin reclaiming $95,000, Google searches remain near historic lows—a clear signal that institutions, not retail investors, are behind the rally, according to Bitwise CEO Hunter Horsley. Major corporations and even governments, including the U.S. and China, have quietly accumulated hundreds of thousands of BTC. Horsley sees Bitcoin potentially hitting a $50 trillion valuation as it moves from a niche asset to mainstream digital gold. CryptoPotato.
🇺🇸 Nexo Returns to U.S. After $45M Regulatory Slap
Crypto lender Nexo is plotting its comeback to the U.S. market after paying $45 million to settle regulatory charges tied to its Earn Interest Product. Announced at a private event featuring Donald Trump Jr., Nexo’s relaunch includes crypto savings accounts, loans, and advanced trading tools. The return hopes to boost investor trust and set a new standard in compliance, proving the old crypto mantra: pay the fine, move forward. crypto-economy.
NEWS IN THREE SENTENCES
Metaverse, NFT, & Gaming News 🎮️
🎮 Blockchain Gaming Discovers Games Should Actually Be Fun
Dot Play and Polkadot are ditching failed play-to-earn models to create blockchain games players actually want to play, emphasizing genuine ownership, creativity, and fun. Turns out, making games built around enjoyable gameplay rather than endless token grinding might just be crazy enough to work. Gamers cautiously optimistic, but still traumatized by the Axie era. Polkadot.
🎲 World of Rogues Uses Reactive Network for On-Chain Rewards
Web3 devs take notes: when players don’t realize they’re using blockchain, you’ve probably nailed it. The MMO World of Rogues partnered with Reactive Network to implement seamless, on-chain daily streak rewards, delivered automatically without tedious claiming processes or clunky wallets. Blockchain finally feels invisible—exactly how gamers prefer it. Reactive Network.
🔎 SKALE’s Block Explorer Gets a Fresh Upgrade
SKALE rolled out Block Explorer 2.2.0, adding manual token metadata refreshes, a handy block countdown feature, and a dedicated Token Transfers page. This means users can track NFT mints, token moves, and upcoming block events without losing sanity. SKALE Network.
NEWS IN THREE SENTENCES
DeFi, DEX, & Lending Protocol News 🏦
⚡ THORChain Finally Adds XRP
XRP holders rejoice at having actual DeFi utility instead of just lawsuits and hopium. THORChain will officially add XRP in May, enabling native, no-bridge-needed swaps between XRP and assets like BTC, ETH, DOGE, and AVAX directly from self-custody wallets. Ripple fans are hyped to finally escape centralized exchanges. THORchain.
🔗 Ronin Completes Chainlink CCIP Migration, Hacks Less Likely (Hopefully)
Ronin Bridge has officially migrated over $450M of assets onto Chainlink CCIP, significantly boosting security and reliability after previous bridge fiascos. Users can now safely bridge tokens like AXS, USDC, and WBTC across chains, likely without another billion-dollar exploit—fingers crossed. Ronin fans cautiously optimistic this upgrade means fewer apology tweets. Ronin.
LINKS
Links That Don’t Suck 🔗
🫕 Swiss National Bank rejects Bitcoin reserve proposal
🪙 Ledger Live enables stablecoin yields directly from self-custody with new Kiln integration
🇨🇳 China’s president Xi Jinping says Trump lied about them having a phone call
💶 EURC gains popularity in April, tracking the Euro rally
🤖 Elon Musk predicts robots will outshine even the best surgeons within 5 years
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Author Disclosure: The author of this newsletter holds positions in ADA, IMX, COPI, MIN, AGIX, ALGO, ZEC, XLM, and NEAR. 📋
