🔥 BTC $113.9K Flip to Unleash Altcoin Pump

Become your own bank.

ether.fi Cash is the real-world spending product we DeFi natives have been waiting for for so long.

It’s time to ditch your bank altogether and embrace the crypto life:

• Spend it directly with no fees on the sale, and earn 3-5% back on every purchase—debit or credit.

• Never sell - live like a billionaire: avoid taxes, compound wealth. Don’t worry about on-and-off ramps or taxes by spending against your balance as credit debt. 

• Pay off your debt with yield + cashback: earn 9% on stables, 7% on ETH, 2% on BTC, with HYPE and SOL on the way.

• Use borrow mode: 70% LTV against your whole portfolio, “only borrow, never sell”

• Keep self-custody, earn big yield, and never pay for instant withdrawals or have your money stuck in a CEX again.

GM, crypto is simply never boring.

But damn, it can be painful. For your portfolio’s sake, I hope you didn’t get steamrolled by Justin Sun suddenly deciding it was a fine idea to market buy XPL on Hyperliquid, wipe the orderbook clean in a single swing, and nuke $16.6 million worth of shorts in the process.

Here’s the full breakdown of what went down, and I’m just glad I recently leaned toward XPL longs instead of shorts in this newsletter.

Oh well, back to business. BTC still doesn’t look the strongest, but it reclaimed the first objective at $111k. If it gets above $113.9K, I can see another widespread altcoin pump happening, as altcoins are currently in charge.

Still, caution feels like the right play. Volatility is coming soon, especially with today’s Nvidia earnings report (here’s a historical price reaction table) and Friday’s PCE inflation data. I’d love to see it being as simple as this price retest, but we’ll have to wait and see.

By week’s close, things should be clearer. That said, there are some encouraging signs for the longer term—especially with global liquidity on the rise. If you want to track the liquidity cycle properly, I can’t recommend Michael Howell’s work enough.

All in all, if the bulls win, I’ll keep my sights primarily on altcoins.. The overperformers from here seem to be Ethereum, Solana, and Hyperliquid.

Looking at this chart, the possibility of SOL/ETH bottom is definitely there, and we already see SOL being one of the stronger ones in the past few days, liquidating shorts at double-digit million rates.

Regarding HYPE, it’s a beast of its own, accounting for 36% of all crypto revenues while its market cap is 1.2% of the total crypto market cap. This graph says it all. To imagine the possibilities properly here: Hyperliquid is now doing more volume than Robinhood. Enough said.

To summarize, I’m aligned with Nik’s outlook here. We might go through some more sloppy chop, but I still believe these markets will be sitting much higher by Q1 2026.

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The important bits.

• Fuel Network’s FUEL can be one-click staked on Bako Safe, here’s how

• YieldBasis, DeFi for Bitcoin, explained in a new blocmates article, read here

• Mira introduces Mira Foundation, read here

• Newton announces Origin Summit sponsorship, read here

• GenLayer is funding the brightest builders in AI x Crypto, apply here

• Premia Blue presents a new landing page for Kyan, read here

• PreStocks reached $4M in transaction volume, full stats here

• Almanak explained in a new blocmates article, read here

• YieldBasis is now successfully audited by 5 audit companies, read here

• Polkadot explains how Energy Web digitizes the $1 trillion energy market, watch here

• f(x) Protocol now allows fxSAVE stablecoin supply&borrow on Morpho, read here

• Hyperliquid updates liquidation mechanism post XPL drama, read here

• Pudgy Penguins collectible photo cards are now available at 7/11, read here

Even more important bits.

• AI Research explains “Programmable Privacy” thesis, article here

• Google Cloud is building its own blockchain, Google Cloud Universal Ledger, read here 

• Mike Dudas bought Hypurr NFT for $69,690 on Drip Trade, see here

• EU proposes removing tariffs on US industrial goods to meet Trump's demands, read here

• Bitwise just filed an S-1 with the SEC to launch a Chainlink (LINK) ETF, read here

• Metaplanet releases a notice on issuing new stocks, read here

• Peter Schiff warned Bitcoin’s drop below $109K could extend to $75K, read here

• Trump Media Group bought $6.42B worth of CRO (Cronos), read here

• Metamask announces use of Google or Apple ID to create a wallet, read here

• Donald Trump invests "double-digit millions" into Polymarket, read here

• Canary has filed an S-1 registration for a TRUMP Coin ETF, read here

Charts and stats of the day.

• Sweden's H100 Group adds 46.2 BTC, now holds 957.5 BTC in total, read here

• The number of addresses holding more than 100 #Bitcoin recently hit ATH, chart here

• MicroStrategy now offers a 12.6% yield on STRD, read here

• Phantom wallet made around $450 million in cumulative revenues, read here

• Avalanche has surpassed Solana ($SOL) in 24-hour stablecoin inflows, read here

• Aero revenue is now the 2nd-highest in all of crypto, stats here

• BTC holders have realized more profit this cycle than in all but one prior cycle, chart here

Telemetry data of the day.

PumpFun + Heaven + Bonk trending tokens for the last 24h:

If you want to access more of this type of data and trade freshly graduated tokens on PumpFun of Bonk, visit Telemetry here (it`s free).

What needs to happen to reverse this? For now, the trenches are in the depths of a bear market. Certainly something to watch. Once this reverses, there will be a lot of onchain opportunity again.

• Baselight (AI, data, research)

• Makima (Social capital)

• Hyperwave (Hyperliquid DeFi) - explanation article here

• Sunrise (Base layer for Interliquid Networks)

• Rip.Fun (GameFi)

• Vortx (Hyperliquid prediction markets)

• Graled (GameFi)

To save you doom scrolling.

Skipping the jokes for today, it seems to me faders (including me) will have an opportunity to jump on the Football.Fun trend soon.

Here’s everything you need to know before you start playing. Study blocmates.

Couldn’t agree with Bob more here. I don’t think we’re in a supercycle, and there will be a bear market period. What’s different is crypto now has institutional flows which might protect us from the typical 80% BTC drawdowns.

Or will it be the same as always, considering the risk of treasury company blow-ups? I highly recommend reading the latest Capriole Investments article on this topic.

stay safe homies,

Hix0n 🫡