We closed UPtober with a bitter taste, last week: • Bitcoin moved between 102K and 126K in the month • MtGox delays refunds by 4000 million • PayPal and Google launch new AI-powered commerce solution • Aqua Wallet reports a DDOS attack • The FED lowers rates and QT https://youtu.be/nFOKg-eftiA
Imagine that, just like what happened with the dollar in 1971, at some point the main players (miners) in Bitcoin decide to change the supply code, with an already developed economy built on top of the network 👀
More than quantum computing, I am concerned about the concentration of BTC in a few miners... What would happen if they eventually decide to modify the code and with that the supply or something similar? Beyond the fact that it would be shooting themselves in the foot...
We close the week and here is the most important from the last 7 days: • The CPI was below expectations, generating anticipation in the markets • Trump’s company buys 16,000 BTC miners • CZ is pardoned • KDA to zero This and more: https://youtu.be/BBU2Oj3TKAs
Bitcoin at all-time highs and a busy week in cryptos: • Bitcoin reaches 124K hitting an ATH • $ETH at $4600 rising over 50% in the last week • Validators in the waiting queue to withdraw ETH suggests large sales • It has been 5 years since MicroStrategy's first BTC purchase • 51% attack on the Monero network and it plummets $XMR • Do Kwon pleads guilty in the Terra Luna and UST case • Sun holds 60% of the circulating supply of Tron ($TRX ) • Harvard buys BTC
7 Crypto news from the last 7 days: • A team of Argentinians through Class Lambda develops ETHRex, new software for Ethereum. • El Salvador continues buying BTC despite the warnings from the IMF. • Tomo Wallet incorporates BNB Chain for transfers within Telegram. • GameSquare issues debt and buys approximately 100 million dollars in ETH. • ETF that includes BTC, ETH, XRP, SOL, and ADA is approved. • Solo miner earns block reward (3.125 BTC). • DogeOS is born, a new stablecoin collateralized with DOGE.
• Despite negative news, positive money flows towards BTC were recorded. • BTC dominance continues to rise in a context where altseason seems never to arrive. • The hashrate of BTC plummets by 30%. This favors solo miners. • They propose to restrict public access to Bitcoin Core discussions. • BlackRock accumulates 3% of the world's circulating BTC. • CEO of Tether announces a password manager following the leak of over 15 billion passwords in the cloud. • New malware steals seed phrases from screenshots.
7 Crypto news from the last 7 days: • The FED maintains rates at 4.25% and Powell pressures, indicating that if they didn't lower it, it was due to the tariffs imposed by Trump that triggered inflation. A maximum of 2 interest rate cuts is projected for the remainder of the year and 0 for next year. • Networks like Cardano and Polkadot begin to accumulate BTC to back assets on them. • The amount of ETH backing ETFs reaches a historic record: 3.9 million ETH. • The Genius Act is approved in the US Senate, which among other things will regulate stablecoins promoting mass adoption. • Atari, GameStop among others join the companies that acquire more BTC to store. • The X account of the pump fun website (from the Solana ecosystem) is suspended moments before launching its token. • Historical maximum of whale wallets in XRP holding more than 1 million units.
• Ethereum records over 15 days of positive cash flow in ETF $ETH . • South Korea prepares law to legalize the adoption of stablecoins. • Ripple tokenizes bonds. • Tether buys a 32% stake in the Canadian gold mining company, Elemental. • Repercussions grow over the OP_RETURN field with no byte limit in Bitcoin code $BTC . It would be implemented in October. • Elon Musk tweets that he went overboard with his comments about Trump and the price of $DOGE spikes. • Tariff agreement between the US and China confirmed, however the market seems to have already discounted this news.
• On May 22, 15 years of what we call pizza day were celebrated. And BTC celebrated with a new all-time high around 112,000 dollars (depending on the exchange). • JP Morgan will allow its clients to buy BTC, which demonstrates the loss of the battle by Jamie Dimon, who criticized it so much. • The Department of Justice of the USA takes the reins and begins an investigation into the leak of information from Coinbase. • BingX announces a 300 million dollar investment in AI over the next 3 years. • Charles Hoskinson (founder of Cardano) under scrutiny for alleged deceptive maneuvers during the fork of said blockchain. An audit of what happened is about to begin. • Trugard and Webacy launch an AI analysis tool that would prevent 97% of attacks from address poisoning (Wallet Address Poisoning).
• The FED maintained inflation rates, later communicating uncertainty and the likelihood of an increase in inflation. • China and the US announced the start of negotiations. The first meeting will be this Saturday, May 10. • Is money flowing from gold to risk assets? A decrease in investor uncertainty may be starting to be seen. • The law on reserves and purchases of $BTC in Arizona was vetoed; however, they will keep the unclaimed BTC. Additionally, a similar law to the first is about to be approved in Texas. • USDT expelled from Europe by the MiCa law continues to grow with a cap of 149 Billion. Furthermore, Tether is beginning to enter the world of AI. • Bitcoin will remove the character limit in OP_Return. • Ethereum ($ETH ) implemented the Pectra upgrade and its price has once again surpassed 2000 dollars.
• The markets dropped approximately 15% in just two days due to the trade war between China and the US
• Despite many analysts announcing the end of the bullish cycle of BTC after reaching $74,500, it recovered to $83k
• The VIX, "fear indicator," reached the value of 60 (extreme fear), an event that only occurred in the last technical recession of 2024 and during the recent pandemic. Markets anticipate a new rise for SPY
• The unrealized loss of Strategy of $6 billion demonstrates the importance of holding BTC
• More than 300 million in ETFs were withdrawn with the fall of $BTC , it seems that institutions still do not understand Bitcoin (They enter high and exit low)
• The 2X leveraged ETF of $XRP is now available
• The hashprice of miners at all-time lows is causing them to slowly retreat towards AI
This and more macro details in yesterday's YT video.
Today at 8 PM on the YouTube channel, the weekly analysis of crypto news. A summary:
• Reciprocal tariffs were announced by the US (attached are the tables showing how they ended up for each country) • American Bitcoin, a mining company linked to the Trumps, could start trading on the stock market • Elon Musk clarifies that there are no plans from the Government to use $DOGE • VanEck proposes ETF of $BNB • Strategy buys 1920 million in BTC, accumulating a total of approximately 528K. • Tether has purchased more than 8000 $BTC so far this year • The crossing of the 50 and 200 period moving averages approached a Death Cross.
GM! 🌞 The weekly summary of crypto news along with the price projection of $BTC is now available on the Youtube channel. A summary here:
• 1 million BTC accumulated by whales from December 2024 to March 2025 for short-term sale
• Grayscale updated the list of the top 20 cryptos for the next quarter (full list in the video)
• New all-time high in stablecoins at $ETH reaching 132 billion dollars
• The issuance of RLUSD grew by 198%
• On April 2, the US tariffs are expected to be announced, which are estimated to be more relaxed than previously projected, helping to maintain the price of BTC
• The State of Kentucky approved the self-custody law for BTC and ETH. (Important details in the video)
• The Hash Ribbons indicator suggests that the selling floor for miners may have already been reached and they would be stopping selling
• US Senate advances with stablecoin regulation. The ability to cancel transactions would be mandatory to obtain a license in the US
• BlackRock executives indicate that BTC is oversold (cheap)
• The SEC dismisses the case against XRP
• XRP whales accumulate more than 6.5% in the last 2 months. They hold approximately 46.4 billion XRP
• If it is confirmed that the Lazarus group is linked to the North Korean government, then this country would surpass El Salvador, holding more than 13,000 BTC
• OKX suspends its DEX after the EU threatened to revoke its operating license there
• The Federal Reserve maintains rates but announces a reduction in QT