OVERVIEW

FARTCOIN: The Scent Of Victory 💨

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

TECHNICAL ANALYSIS
FARTCOIN Cuts One Loose FTW 🦨 

While Trump’s tariffs have markets clogged worse than a truck-stop burrito, one crypto is letting it rip without a care: FARTCOIN. 💩 

FARTCOIN Daily Chart – Click to enlarge.

$FARTCOIN.X ( ▲ 25.05% ) isn’t just squeaking by—it’s blasting past everything else, floating upwards despite the stink of economic doom. And it’s sentiment score from Stocktwits users, while neutral, is light years better than pretty much everything else.

Turns out, when markets are backed up, investors prefer an asset with a little gas in the tank; and while everything else goes straight down the toilet, FARTCOIN is wafting effortlessly above the chaos. 🚽

NEWS IN THREE SENTENCES
Crypto News 📰

🏛️ US Agencies Must Report Crypto Holdings Today, but Treasury Keeps It Under Wraps

U.S. federal agencies have a deadline today to report their crypto holdings directly to Treasury Secretary Scott Bessent—but don’t get your hopes up for transparency. Trump’s executive order mandating a “Strategic Bitcoin Reserve,” everyone wants to know if Uncle Sam is stacking $XRP.X ( ▼ 1.19% ) or $ADA.X ( ▲ 2.76% ), but the details are set to stay classified, annoying pretty much everyone. CryptoNews.

😈 Crypto Scammer Gets Liquidated for $27M—Karma Finally Logs In

The scammer behind the ZkCasino Ponzi just got crushed by a $27 million liquidation after betting big (20x leverage) on ETH and losing spectacularly. This joker previously stole $40 million promising investors quick riches, then promptly vanished into Lido Finance—now the market has exacted some poetic justice. Finbold.

📉 Fed May Be Forced into Emergency Rate Cut

JPMorgan’s Bob Michele thinks the Fed might not even make it to their scheduled May meeting without cutting interest rates, following Trump’s tariff-induced stock market nosedive that vaporized $5 trillion. Michele basically told the Fed they can’t afford to wait and watch businesses implode—an emergency rate cut might be needed right now to stop the bleeding. Trump wanted lower rates to offset his trade war; not so ironically, he might just get them. CryptoBriefing.

📺 Pump.fun Reboots Controversial Livestreaming Feature in Desperate Bid for Clicks

Pump.fun is bringing back livestreaming to revive activity—but don’t expect the return of the wild-west antics that made it infamous last year. After creators literally livestreamed criminal activity to shill meme tokens, Pump.fun has introduced stricter moderation rules, banning violence, illegal acts, and basically everything else that made the original streams “popular.” Revenue has tanked 87% since peak degeneracy, so let’s see if moderation can bring back clicks without the crimes. SolanaFloor.

🐳 Ethereum Whales Gobble Up $60M in ETH as Price Plunges to Two-Year Lows

ETH whales just dropped $60 million into the asset as it plummeted 17% overnight, proving once again that someone always has cash to burn when crypto crashes. The mysterious “7 Siblings” led the charge, grabbing over 25k $ETH.X ( ▼ 1.09% ) and immediately parking it in $AAVE.X ( ▲ 2.6% ) —clearly thinking long-term despite ETH being down over 50% year-over-year. While some declare Ethereum “completely dead,” whales seem to smell blood in the water—or maybe just a screaming good deal. CryptoPotato.

SPONSORED
Technical Analysis, Market Strategy & Next-Gen Portfolio Insights: Monday, April 14th

Join CMT Association for a must-attend event for financial professionals seeking cutting-edge insights into technical analysis, market strategy, and next-gen portfolio management. Taking place at the stunning Hudson Yards, this summit promises to deliver valuable knowledge from industry leaders and thought-provoking discussions.

Kick off the Summit with networking and refreshments, then dive into an afternoon filled with engaging sessions. Learn how to go beyond traditional portfolio metrics with Mathew Verdouw’s exploration of Variability Weighted Return (VWR). Discover tactical strategies for protecting momentum portfolios with veteran hedge fund portfolio managers, and develop a tactical playbook for volatile, uncertain, and erratic markets, from a panel of seasoned experts, including Jay Woods, CMT, Frank Cappelleri, CMT, CFA, and Katie Stockton, CMT.

Wrap up the summit by connecting with peers during a relaxed cocktail hour. Don’t miss this unique opportunity to advance your technical analysis expertise and expand your professional network.

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

ON-CHAIN ANALYSIS
Stressed? Probably Not $340 Million Stressed 😱 

Sure, watching your crypto porfolfio tank, the Nasdaq and S&P 500 dipping into bear market territory is pretty stressful, but nobody is sweating bullets harder than the whale Lookonchain just put on blast. 👀 

With 220,000 ETH (a cool $340 million) collateralized on $MKR.X ( ▲ 4.84% ), our anxious friend just repaid 3.52 million $DAI.X ( ▲ 0.01% ) and topped off with another 10,000 ETH to drop his liquidation threshold to $1,119.3.

Translation: If ETH even sneezes below $1,119.3, this guy’s massive crypto stash turns into a bonfire bigger than your retirement portfolio’s current dumpster fire. 😅

TECHNICAL ANALYSIS
25% Of The Altcoins On My Watchlist Made New All-Time Lows

I have 88 altcoin’s on my watchlist.

Of those, 39 are at 2+ year lows.

And of those 39, 22 made new all-time lows.

Only 21 of the 88 are currently above their November 2024 lows.

Alts Still Above November 2024 🔼 

XRPUSD Daily Chart – Click to enlarge.

CAKEUSD Daily Chart – Click to enlarge.

Alts At 2+ Year Lows 😐️ 

OPUSD Daily Chart – Click to enlarge.

APTUSD Daily Chart – Click to enlarge.

Alts At New All-Time Lows ⬇️ 

RENDERUSD Daily Chart – Click to enlarge.

ARBUSD Daily Chart – Click to enlarge.

IMXUSD Daily Chart – Click to enlarge.

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, 486,495 traders were liquidated, with total liquidations reaching nearly $1.63 billion.

The largest single liquidation occurred on OKX, a BTCUSD pair valued at $7.08 million.

Longs lost $1.25 billion, while shorts were hit for $377.341 million. 🤕

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

🔮 Virgen Launches Points System to Fight Snipers, Ensures Fair AI Agent Access (Finally)

Fairness and transparency weren’t just memes—who knew? Virgen introduced Points, a new system rewarding genuine contributors while thwarting sniper and cabal antics during AI agent launches. Points drop daily based on your activity, with a bonus airdrop for those who’ve tolerated the chaos since day one. Virtuals X.

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

🚀 SKALE Network Goes Full Indie, Throws $2M at Game Devs

$SKL.X ( ▲ 4.09% ) launched a $2M Indie Game Accelerator to help small dev teams create blockchain games without drowning in gas fees. They also managed to sneak in a price hike for sChain validators—because even decentralization has rent increases. With SKALEopedia now live, newcomers can finally pretend they knew what SKALE was all along. SKALE.

🌉 GALA Tokens Finally Bridge to Solana

$GALA.X ( ▲ 3.95% ) tokens are now bridgeable from GalaChain to $SOL.X ( ▲ 1.71% ) via Gala Connect, giving users fresh ways to gamble—I mean, “invest”—across chains. Double-check that token address, because nobody wants to fund a scammer’s next yacht. Congrats, Solana users: your portfolio just got another volatile asset. GalaGames.

🔥 Coretoshi NFTs Now Boost Sparks by 1.5x, Proving NFTs Finally Found a Use Beyond Profile Pics

$CORE.X ( ▲ 6.05% ) Ignition introduced the Coretoshi Multiplier, boosting your Sparks 1.5x simply for holding an NFT—no math required. Just one Coretoshi is enough, making additional NFTs about as useful as a second Netflix subscription. Core DAO.

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

🔥 Saga’s Vault Ten Goes Super Saiyan, Adds LP Rewards and Loyalty Levels

Saga just dropped Vault Ten, marking a major upgrade by rewarding liquidity providers alongside stakers for the first time ever. The update introduces a tiered loyalty system and an “accident forgiveness” clause—but unstaking wipes your slate clean, so stay committed. Now you can earn by staking, LPing, or being a loyal $SAGA.X ( ▲ 0.83% ) ambassador—basically, just keep showing up and you’ll keep leveling up. Saga.

🛡️ Reactive Network Passes QuillAudits Security Check, Ready for Safe Bridging

Reactive Network’s bridge passed a full security audit by QuillAudits ahead of the $PRQ.X ( ▲ 7.61% ) -to- $REACT.X ( ▲ 5.69% ) token migration, squashing critical issues to avoid any nasty surprises at launch. The auditors flagged five issues—four already patched or clarified—ensuring the bridge won’t randomly eat your tokens. Reactive is taking no shortcuts on security, which means users can bridge assets without sweating bullets. Reactive.

LINKS
Links That Don’t Suck 🔗

🤖 Building the robot economy: DePIN tokenization as capital formation for embodied AI

👍️ Over 90% of WazirX creditors support post-hack restructuring plan

🤑 Cardano top developer adds 685,165 ADA to treasury, price to recover?

😨 Saylor’s Strategy to register $5.9 billion loss after accounting change

🚗 Maryland woman uses odometer numbers to win $100,000 lottery prize

🎮️ Did Nintendo dust accidentally reveal an unannounced character In Donkey Kong Bananza?

⚠️ Beware of claims of an emergency Fed meeting

Get In Touch 📬

Follow our social channels for great, real-time content on Stocktwits and Twitter. And check out our YouTube channel for in-depth video content! 📲

Email me (Jonathan Morgan) your feedback; I’d love to hear from you. 📧

Want to sponsor this newsletter and reach hundreds of thousands of crypto enthusiasts? Reach us here. 👍

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 ADA, IMX, COPI, MIN, AGIX, ALGO, ZEC, XLM, and NEAR. 📋