Good Morning,

Here’ s today’s overview: Top TRUMP token holders will be getting an invite to an exclusive event with the President himself… Plus Satoshi becomes the 15th richest man on earth, Twenty One Capital announces a new CEO that everyone in crypto knows, SOL Strategies copies Michael Saylor’s buying, a crypto executive caught in $198M fraudulent scheme, and so much more.

Praying for another day in the green. Let’s dive in.

Market Snapshot

• Bitcoin broke above $94,000, a 6% jump in 24 hours, marking its highest price in 51 days

  • Bitcoin ETFs saw $912.7M in inflows, the largest since January 20, when Bitcoin hit $108,000

  • Institutional sentiment is turning bullish, especially amid traditional market uncertainty

• Top ETF contributors: ARK 21Shares (ARKB): $267.1M (2nd-largest daily inflow ever), Fidelity’s FBTC: $253.8M, BlackRock’s IBIT: $193.5M

• Macro: Rally coincided with new SEC Chair Paul Atkins’ appointment, who pledged a clear, pro-innovation crypto policy - along with Trump’s tariff pivots

• Total crypto market cap rose by $800B, now at $2.84T, with Bitcoin alone at $1.75T

Headline Roundup
^{_{The major headlines driving crypto markets}}

• Bitcoin surpasses Alphabet to become the 5th largest asset globally (DF)

• Jack Mallers, co-founder and CEO of Strike, has been named co-founder and CEO of Twenty One Capital, the new Bitcoin-native firm preparing to go public via a SPAC merger with Cantor Equity Partners (BM)

• Crypto Exec Ramil Palafox accused by SEC of $198M fraudulent scheme with Lambo purchases and ‘Ponzi-like’ payouts - a breakdown of the wild scheme here

• Hedge funds are shifting to crypto strategies in a big way, including being “on-chain” (CD)

• TRUMP token nearly doubles after the US president announces a dinner with the top 220 holders next month - see details of the gala here

• 14 years after announcing the move away from bitcoin development in an email, Satoshi Nakamoto’s wallet is an estimate worth of $100B (DF)

• U.S. regulator abandons lawsuit against Europe’s most wanted man, Richard Heart (DT)

• PayPal users will be able to earn 3.7% yield on its stablecoin starting this summer (DF)

• LAPD seizes $2.7M of bitcoin miners linked to illegal crime ring (DT)

• Russia’s Central Bank plans to launch a crypto exchange solely for highly qualified investors (TB)

• Zora platform revenue soars 20x from Base-related news (DF)

• Luxury hospitality application Dorsia partners with Moonpay for crypto payments (CT)

• Larva Labs’ Meetbits project is adding AI agent integrations (DF)

• No user was able to beat $10k challenge in Ethereum NFT game Goblintown (DT)

• A Spanish Master’s program is offering a track exclusively focused on Bitcoin (BM)

• A Solana whale earned $42M from staking nearly 1M SOL, alongside a 8x price appreciation (CT)

Venture Capital

• SOL Strategies raises $500M from ATW Partners for Solana treasury (CT)

• Riot Platforms closes on a $100M credit facility from Coinbase (DF)

• Pantera Capital and Coinbase Ventures participate in $29M Series A for Symbiotic staking (TB)

• DWF Labs partners with and invests $5M into Mask Network (PN)

Launches

• Web3 game studio Mythical Games to release FIFA-inspired mobile crypto game this summer (TB)

• Citrea launches a new bridge to Bitcoin’s testnet to expand utility (CD)

• RICE AI and Floki establish partnership to tokenize AI data in companion robot (CD)

Regulation

• $500M Bitcoin reserve bill advances to Texas House hearing (DF)

• Alabama Securities Commission dissolves legal dispute against Coinbase with advancing crypto regulation (CS)

• Kuwait government sends warning to over 1,000 illegal crypto mining operations (DT)

Cybersecurity

• Solana DEX Meteora is being accused of a $169M memecoin pump-and-dump scheme (DT)

• Victims affected by Gate.io emergency system upgrade to be fully compensated (TB)

• The Scroll team showcases Euclid product for improved throughput and network security (TB)

Extra Reads

• Every halving Bitcoin gets more and more expensive to mine

  A year after the Bitcoin halving, how much does 1 BTC cost to mine?

• A streamer on Abstract Stream received a 6.9 ETH (~ $12k) tip while live

  Here’s the real scoop about the streamer, the tipper, and the stream

Chart of the Day

Bitcoin rises into the Top 5 most valuable assets by market cap, surpassing Google.

Meme Dump

Pls send us crypto memes to be featured in the newsletter 🤝

🐦 Follow Us: Visit our X account for constant updates on all things web3, DeFi, and crypto.

💵 Litquidity Ventures: Accredited investors & qualified purchasers within the Litquidity community can gain access to alternative investments such as venture, late-stage growth, and private equity through Litquidity Ventures. Interested? Fill out this form.

☎️ Book a call with Lit: Want to pick Litquidity’s brain on business advice, insights, or just chat to say what’s up? Buy his time here.

📧 Launch your own newsletter: Have great content ideas and looking to launch your own publication? We highly recommend Beehiiv to get started.