🧐 Something Unusual Is Happening With Gold/BTC

GM macro experts.

After that sweet $95k tap, Bitcoin’s catching its breath—understandable. It wouldn’t be too surprising to see a little pullback here, but as long as BTC sits firmly above $90k, there’s still a chance for more upside.

What’s particularly interesting is Bitcoin’s correlation to gold, which is currently rising—and rising fast. If BTC can prove itself as a strong safe haven during uncertain times such as these and follow gold further, we could be entering a whole new era. Time will tell, but it’s spicy.

Further bullishness is warranted also due to the tariff war continuously easing, with Trump saying he’s prepared to cut tariffs on China to reduce tensions.

Lastly, it’s good to remember that this green spike on Bitcoin happened when 76% of Americans are concerned about the possibility of a recession. You know what they say about betting on the side of the majority.

Overall, 2025 still seems very, very promising for crypto.

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The important bits.

• Initia launches mainnet, watch the launch trailer

• Hyperliquid listed INITIA perps, trade here

• Yeet announces a new modified Liquidity Trifecta Vault

• Sonic introduces Fee Vaults: Evolution of Fee Monetization

• Theo, a global finance network, raised $20m

• Infrared Finance launches a point program: learn more

• Berachain releases a new governance update, read in full here

• Dinero announces superETH, LST for the Optimism ecosystem

• ImmutableX announces new game with UbiSoft

• Fuel Network announces FUEL buybacks

Even more important bits.

• ByBit announces new AI product suite

• TRUMP meme coin has surged nearly 30% in the past day following an announcement

• New Bitcoin-native firm ‘Twenty One’ is launching with plans to amass 42,000 BTC

• New SEC Chair Paul Atkins says crypto regulation is now a “top priority.”

• China says “There’s no substance to online tariff content.”

• Russia plans to launch a crypto exchange

• US tariffs on China will likely be reduced by 50%, WSJ reports

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VIRTUALUSDT Binance 12H Ichimoku Cloud

The Virtuals launchpad and ecosystem is still very much alive. Price has pumped into the 12H cloud, pulled back nicely, and looks likely to make its way to the top edge (edge to edge trade). This gives you a target of just under $1. The flat cloud edge above usually acts as a magnet. Check out their GAME framework’s chart too - there’s a nice W bottom that has formed there.

Other charts I’m watching: $GRASS is flashing a massive BBW squeeze alert on the 12H and has a similar flat Kumo magnet at $2. I’m watching to confirm it squeezes up and not down. A lot depends on whether we get bullish continuation for Bitcoin.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

TRUMP is clearly dominating the Solana smart money movements. I guess a lot of people want to dine with Trump?

Long time no see, but 0×0 makes it to top smart money inflows on ETH. AI narrative seems to only get stronger. Also, I can see PENDLE continuing to dominate the DeFi space from here.

Tari is coming!

The long-awaited Tari mainnet is almost here, launching May 6th.

Those who read our previous newsletters are well-versed in how to mine this brand-new Proof of Work chain. If not, feel free to jump here and join us.

I don’t know about you, but starting as a miner in a new, promising, ASIC-resistant ecosystem full of apps feels very inviting.

By the way, there’s a mining competition live right now, where we can win a decked-out MacBook Pro. Check this out for more details.

• GlueX protocol (HyperEVM DEX aggregator)

• HALO (Hyperliquid DeFi)

• Hydros (Hyperliquid NFT) - Announces whitelist for Hypio

• Tokery Finance (RWA)

• CherryAI (AI ad network)

• Battle for Blockchain (Initia gaming)

To save you doom scrolling.

This is a prime example of how peak fear and uncertainty can bring out the best in everyone, even the long-time pros. Whatever happens, it’s very rarely a good move to sell overextended dumps fueled by widespread panic.

Whether we go straight up from here or have a little downtime to consolidate, I can’t help but think there’s at least one more really bullish quarter this year.

Which? It’s hard to tell for now, but my finger remains on the trigger.

stay safe homies,

Hix0n 🫡