OVERVIEW

It’s So Red Out There, My Portfolio Just Joined a Witness Protection Program 🕵️ 

Before we dive in, here’s today’s crypto market heatmap:

Source: Santiment

And here’s a look at crypto’s total and altcoin market cap YTD:

Source: TradingView

NEWS IN THREE SENTENCES
Crypto News 📰

🗳️ Poilievre’s Crypto Lovefest Takes Center Stage

Trudeau’s stepping aside, and Pierre Poilievre is already flexing his “Bitcoin for the people” routine. He’s shooting for the PM seat with an 89% chance, according to the betting crowds. If Canada wants a hyper-Bitcoinized tomorrow, he might just be the guy to deliver it. AMBcrypto.

⚖️ Coinbase vs. SEC: The Show Must Go On

Judge Failla gave Coinbase the green light to appeal, throwing the SEC’s lawsuit into pause mode. Now Coinbase heads to the Second Circuit Court to argue they’re not selling illegal securities. If they manage a slam dunk there, the SEC might finally shelve its power moves. beincrypto.

🏦 Polymesh Taps Vero Pulse For Better RWA Security

Polymesh just roped in Vero Pulse as a node operator to guard the chain. Because apparently tokenizing real estate and fine art is a job for licensed financial big-shots. If we see fewer rug pulls and more actual adoption, guess we’ll call that a win. Polymesh blog.

🤔 Cowen Thinks BTC Could ‘Pull A 1999 QQQ’

He says Bitcoin might rocket from $48,000 to $120,000 by Inauguration Day, just like QQQ soared after launch. Then again, QQQ also face-planted 48% right after that. If history repeats, we might see more meltdown tweets than actual millionaires. DailyHODL.

⚠️ Peter Brandt: BTC Could Drop If H&S Pattern Actually Matters

He spots a potential head-and-shoulders that might yank Bitcoin down to $73,000. Charts morph, he says, so maybe we’re fine or maybe we’re doomed. Either way, the short-term outlook is gloom, but the big trend still points up—until it doesn’t. Peter Brandt’s X.

🟩 Cardano Bags Its Spot Back in Grayscale’s $800M Fund

Cardano slid back into Grayscale’s good graces, snatching a 1.44% stake in the $800 million pie. Analysts see a “bull pennant” eyeing a $3 price tag, so apparently ADA’s not done ripping higher. Maybe next time Grayscale won’t call removing a top-tier alt “a mistake.” The Coin Republic.

♻️ Trash Collectors Turn Plastic into Crypto in Africa

Folks in Tanzania and Kenya are cleaning up beaches and rivers for token rewards, proving you can literally pick up garbage and pick up a paycheck. Initiatives like Chatafisha and Aquapurge use blockchain to track how much junk is collected, then pay out stablecoins. Whoever said crypto had zero utility clearly hasn’t met the people turning plastic bottles into dinner money. Cointelegraph.

💰 FTX Creditor Calls Out Bankruptcy Managers’ Champagne Lifestyle

Linda Favario just exposed the pricey flights, luxury hotels, and eyebrow-raising taxi tabs that FTX’s admins have been charging to the estate. Her complaint shows $8,251 tickets and $1,700 cab bills—first class everything is essential for bankruptcies. cryptopolitan.

PRESENTED BY STOCKTWITS
Mastering Risk Management With @alphatrends 👀 

Pro trader and Stocktwits user Brian Shannon is back for another power hour, focusing on managing risk in this choppy market environment. He analyzes several key indices and high-beta stocks using the anchored VWAP and outlines levels of interest, how he manages trades, common pitfalls in “buying the dip,” and more!

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

🎮 Lotte’s Metaverse Leap With Arbitrum

South Korea’s retail giant wants to transform its Caliverse app into a Web3 wonderland. They’re tapping Arbitrum to give gamers instant, friction-free blockchain transactions. It’s a bold step that could lure more old-school corporations into the digital playground. coincu.

🎉 Sui Gaming Summit Returns

They’re hosting a free, all-day gaming spectacle two blocks from GDC. Expect mainstage debates, new reveals, and enough hype to pack a stadium. Last year’s event gave us the SuiPlay0X1, so this year’s lineup might be equally interesting. Sui blog.

🚀 SN Stack: Spin Up Your Own Starknet

StarkWare is handing out the keys to its ZK-tech kingdom, boasting sky-high TPS and bargain-bin costs. You can mint your own chain—call it “MyFancyChain”—and tap into the same firepower that fuels public Starknet. Keep an eye out for “Stwo,” which promises next-level proving speeds just to sweeten the deal. Starknet blog.

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

🌐 CoinStats x SPACE ID: Domain Names For The Win

CoinStats just teamed up with SPACE ID so you can track your portfolio without wrangling messy wallet addresses. They’re even dishing out a Galxe campaign that lets you snag a free .bnb handle and possibly snag $500 in $ID tokens. If that doesn’t convince you, maybe one dashboard for all your NFTs, DeFi assets, and on-chain mischief will. Space ID blog.

🎨 Acala’s Meme & DApp Contest: 6,000,000 $ACA On The Line

Acala’s throwing a six-month party where meme-lovers and devs duke it out for a massive $ACA stash. Whip up your best one-liners or launch a next-gen DeFi app on their EVM+—they’ll pay you if the community approves. Just make sure you’ve got the nerve (and the votes) to grab top prizes before the curtain drops in August. Acala Network blog.

🔗 Ankr’s New Role: IoTeX Validator Extraordinaire

Ankr is stepping in as a validator for IoTeX, the chain bridging real-world devices to Web3. They’re promising top-tier security and 24/7 uptime so DePIN can keep on tracking everything from cargo shipments to coffee machines. If you fancy turning your fridge into a node, IoTeX and Ankr have you covered. Ankr blog.

🤝 Zilliqa + Request Finance: Paying Bills Shouldn’t Be Painful

Zilliqa partnered with Request Finance so your dev team can finally pay cross-border salaries without smashing their keyboards. They’re tossing in a 10-week free trial to coax you into ditching old-school accounting. Maybe bridging fiat and crypto is easier when you have actual software that doesn’t spontaneously combust. Zilliqa blog.

LINKS
Links That Don’t Suck 🔗

🦘 An Australian zoo has found its biggest-ever funnel-web spider. Its name is Hemsworth

🤖 The most eye-catching and absurd AI products unveiled at CES 2025 so far

🔔 Exodus Rings NYSE Opening Bell, Celebrating a New Era for Crypto

♒️ Hyperliquid addresses concerns over validator selection and network centralization

🤯 Fidelity expects more nation-states, central banks to buy Bitcoin In 2025

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