OVERVIEW

Crypto To World: Hodl My Beer 🍺

Here’s What’s Happening 👇️

Some markets climb a wall of worry. Crypto prefers to kick the wall, call it a coward, and buy anyway.

$BTC ( ▲ 2.56% ) reclaimed the low-$73K value area, $ETH ( ▲ 1.98% ) followed it higher, $SOL ( ▲ 1.49% ) is reminding me of myself at 11 years old, bravely running head of everyone to get a squirrel, $TRX ( ▼ 0.59% ) still feels like a ticker that is wearing sunglasses indoors, and $LINK ( ▲ 2.02% ) is over there trying to discuss infrastructure and pretending he’s not one of ‘them’.

Before we dive in, here’s today’s crypto crypto’s total market and altcoin market cap charts:

THE CASHTAG AWARDS
The BIGGEST night in Finance. May 4th. NYSE.

The Cashtag Awards are built by the Stocktwits community and it wouldn't be the same without you in the room!

We're offering a limited number of fully comped tickets for members who want to show up, represent, and help make this night as special as it should be.

Want to celebrate with us on May 4th?

NEWS
Things You Should Know 🧠

• $ONDO ( ▲ 2.06% ) wants the SEC to confirm it won’t get smacked for using Ethereum to record tokenized equity entitlements while the actual stocks stay parked in normal TradFi custody.

• Kraken says about 2,000 clients had data exposed after staff accessed and leaked customer information, and now criminals are threatening to dump more material unless they get paid.

• $AAVE ( ▲ 5.3% ) DAO passed the first binding piece of the “Aave Will Win” plan, sending 100% of Aave-branded product revenue to the treasury and consolidating economic rights under AAVE. Revolutionary stuff - a protocol discovering that its token probably shouldn’t just stand in the corner holding a decorative governance clipboard.

• $CRCL ( ▲ 12.09% ) CEO Jeremy Allaire defended only freezing $USDC ( ▼ 0.03% ) with legal orders after the Drift hack backlash, while also pushing for liability carveouts so issuers can intervene in extreme cases without eating the fallout. Basically: trust us with more emergency powers, but please don’t make it awkward if we use them badly.

NEWS
Polkadot's Got a Rash on its Gateway 🫢

The dots are still there. They're just inflamed.

Somebody exploited Hyperbridge's Ethereum gateway on Sunday night, forged a cross-chain message, seized admin rights to the bridged $DOT ( ▼ 4.75% ) contract, and minted one billion tokens - roughly 2,800x the legitimate bridged supply.

Then they dumped the whole bag into a $UNI ( ▲ 2.69% ) p V4 DOT-ETH pool and walked away with 108.2 ETH. About $237,000.

The notional face value of what they minted? Over $1 billion at pre-exploit prices. The attacker's actual take was capped by liquidity the pool simply didn't have.

At some point sellers need to have a heart and just look at the sad state this meat sack of a crypto Polkadot is in. Just look at the weekly chart below:

Last week was Polkadot’s sixth straight week in the red and last week’s close was the new all-time lowest close in DOT’s history.

Also… WHY ARE PEOPLE STILL USING BRIDGES?! ⚠️ 

NEWS
Treasury Tuesday Came A Day Early 💰️

The Monday disclosures landed in stereo. $MSTR ( ▲ 2.89% ) picked up 13,927 $BTC ( ▲ 2.56% ) for $1 billion between April 6-12 at an average $71,902, funded through $STRC ( 0.0% ) preferred ATM sales. $BMNR ( ▲ 1.08% ) added 71,524 $ETH ( ▲ 1.98% ) over the same window - its fourth consecutive week at an elevated pace and the largest weekly haul since December 2025.

Oh, one interesting bit here for Strategy: this buy sits below their cost basis. Saylor's blended average is $75,577ish, meaning they’re dollar-cost averaging down into its own position rather than chasing. Total holdings stand at 780,897 BTC, with $14.5 billion in unrealized losses on the books and a reported BTC Yield of 5.6% YTD.

If you’re wondering about the sustainability of the STRC yield, the funding mechanism needs roughly a 2.05% annual BTC return to cover dividends.

Bitmine's story is less about price and more about supply share. At 4.875 million ETH, Tom Lee’s firm now controls 4.04% of circulating supply, 81% of the way to its "Alchemy of 5%" target in nine months. Of that, 3.33 million ETH is staked through MAVAN, throwing off $212 million annualized at a 2.89% 7-day yield, a tad above the 2.73% CESR benchmark.

SPONSORED

The Gold Standard for AI News

AI keeps coming up at work, but you still don't get it?

That's exactly why 1M+ professionals working at Google, Meta, and OpenAI read Superhuman AI daily.

Here's what you get:

• Daily AI news that matters for your career - Filtered from 1000s of sources so you know what affects your industry.

• Step-by-step tutorials you can use immediately - Real prompts and workflows that solve actual business problems.

• New AI tools tested and reviewed - We try everything to deliver tools that drive real results.

• All in just 3 minutes a day

Join 1M+ pros

NEWS
Justin Sun Found a New Thing to Be the Victim of 😆

$TRX ( ▼ 0.59% ) ’s Justin Sun spent the weekend accusing $WLFI ( ▲ 0.7% ) of treating holders as a "personal ATM" after the project froze his wallet last September.

WLFI's response: “Come at me bro:

The record Sun is lecturing from:

• SEC v. Sun (SDNY, 1:23-cv-02433-ER), March 2023 - alleged hundreds of thousands of wash trades across accounts he controlled to fake the TRX market

• Alleged unregistered securities offerings for TRX and BTT

• Alleged paid celebrity promotions, including Soulja Boy, without disclosed compensation

The trade that triggered the freeze:

• September 2025, three days after WLFI unlocks: Sun moves -50Mish tokens (-$9M) to HTX, where he is strategic advisor

• HTX concurrently launched "WLFI Earn Carnival" offering retail up to 20% APY to lock their tokens

• WLFI's documented allegation: Sun was using locked retail deposits as backend exit liquidity

• Sun's defense: "general exchange deposit tests"

What the tape says:

• WLFI: -$0.079, down 76% from September high

• Sun's frozen position: from $107M to under $50M

• TRX: unmoved

The market's verdict is already in. Sophisticated participants trade around Sun, not with him. The only remaining question is why anyone still falls for the victim act.

PLEASE
Tell Me What You Want, What You Really, Really, Want 🧂

Every year (for the past four years), I like to change things up a little. Then I ask for feedback from the saltiest group of salty readers out there. 🤦 

The results have been great! The News In Three Sentences is popular, on-chain analysis and interpretation is a hit, and some other smaller changes have been the result of you telling me what you like.

Or don’t like. Sometimes in very mean ways. How mean? Like walking-two-blocks-to-the-liquor-store-but-then-feeling-better-mean.

And it’s that time of year to try something new. So let me know what you think!

• Email me here: [email protected] 

• Send a hate filled PM on Stocktwits here: Jonathan Morgan on Stocktwits

• Or send you adoration on X: Hi.

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

🏦 TON Picked SCRYPT to Push USDT

TON Foundation partnered with Swiss-regulated SCRYPT to give banks, fintechs, and corporate treasuries institutional rails for USDT on TON. It covers execution, settlement, fiat conversion, and 24/7 on and off ramps for firms that want stablecoin flows without building the plumbing themselves. Telegram.

NEWS IN THREE SENTENCES
Real World Asset Tokenization (RWA) News 🪙

🌉 Circle Wants to Build the Internet’s Value Layer Before Cross-Chain UX Finishes Humiliating Everyone

The industry solved “can we bridge it” and immediately discovered that “should normal people be forced to live like this” was the harder question. Circle says CCTP has already processed more than $140 billion in USDC transfer volume, and now it wants to expand from transport into faster settlement, more asset support, and cleaner cross-chain orchestration. Gateway, Fast Transfer, Bridge Kit, Fee Service, and Workflows are all part of the plan to make moving value across chains feel less like assembling furniture without instructions. Circle.

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

🔥 Chiliz Keeps Burning CHZ Every Time Sports Fans Do What Sports Fans Do - Spend Emotionally

Chiliz says 10% of proceeds from Fan Token trading and marketplace activity are used to buy back CHZ on the open market and burn it. The whole 2030 goal is a tidy little loop where fan engagement feeds token scarcity instead of just feeding marketing decks. Chiliz.

⚖️ Enjin’s Legal Team Got Award Nods

Enjin’s legal team made the finalist list for Blockchain In-House Team of the Year at the ALB Southeast Asia Law Awards 2026, while Oscar Franklin Tan is up for Fintech Lawyer of the Year. That puts them alongside names like OKX, HSBC, Drew & Napier, and WongPartnership in a mainstream legal awards process, not some blockchain self-congratulation circle. Enjin.

NEWS IN THREE SENTENCES
Protocol News 🏦

📉 Worldcoin’s Unlock Machine Is Slowing Down

On July 24, 2026, WLD’s aggregate daily unlock rate drops 43%, from about 5.1 million tokens a day to about 2.9 million. Community unlocks get cut in half from 3.2 million to 1.6 million per day, while team and investor unlocks fall 32%, from 1.9 million to 1.3 million. Worldcoin.

🛡️ IoTeX Wants You to Know It Saw the Quantum Problem Coming Before Most of Crypto Could Spell “Cryptographic Agility”

IoTeX is leaning hard into post-quantum security, pointing to award-winning Ethereum migration research, EIP-7693, ETSI and IQC recognition, and its live SPP Wallet on testnet as proof it has moved past theory. They’ve got something called backward-compatible quantum resistance already, so before the rest of the industry gets dragged there kicking and tweeting. IoTeX.

OLD NEWS
Crypto Stuff That Happened Today, But A Long Time Ago 📜

Here’s what was happening in the newsletter a year ago today:

• Altcoins looked either dead or ready to rip - the whole issue was basically a market autopsy with a tiny pulse check.

• Avalanche rolled out its Octane upgrade - lower fees and more validator control were the big selling points.

• CZ denied the Trump-Binance pardon/deal story - he said the WSJ report was fantasy, not fact.

• Liquidations were lighter than the bigger wipeout days - about 82,000 traders got clipped for roughly $209.8M.

Here’s what was happening in the newsletter two years ago today:

• Markets puked on Middle East escalation fears - risk assets rolled over hard as Iran-Israel tensions spooked traders.

• Crypto money lined up behind John Deaton against Elizabeth Warren - another reminder that politics and crypto were getting increasingly tangled up.

• Solana congestion was bad enough that devs were scrambling a fix - users wanted relief fast, and validators were being pushed to upgrade.

• The yen was falling apart - and the warning shot was that any real intervention from Japan could light a fire under global markets.

OLD NEWS
Other Stuff That Happened Today, But A Long Ass Time Ago ⌛️

April 13

• 1860 - The first Pony Express rider reaches Sacramento, California

• 1861 - After a 34-hour bombardment, Fort Sumter surrendered to Confederate forces initiating the Civil War.

• 1943 - President FDR dedicated the Jefferson Memorial.

• 1954 - Hank Aaron’s first game.

• 1970 - "Okay, Houston, we've had a problem here." - Astronaut Jack Swigert, reporting the oxygen tank explosion on Apollo 13.

• 2021 - Bernie Madoff died.

Get In Touch 📬

Email me, Jonathan Morgan, feedback; I’d love to hear from you. 📧
Follow me on Stocktwits 🫂 And Sponsor this newsletter 😎 

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 AVAX, ADA, PUDGY, WLD, NEAR, INJ, LTC, LINK, ZEC, XLM, and FET. 📋