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⌐◪-◪ → Bitcoin took a hit, but is the dip a gift?

Bitcoin just dropped below $80,000, liquidating over $667M in leveraged positions. The market-wide sell-off is being blamed on inflation concerns, weak jobs data, and investors suddenly getting spooked about risk assets. Meanwhile, gold is pumping—suggesting some big money is rotating out of BTC in the short term.

Some analysts are calling for a deeper correction, with targets as low as $72,000 for BTC and $1,600 for ETH. Others see this as just another shakeout before we push higher.

Historically, corrections like these have always been great buying opportunities for long-term holders. ETF flows are still strong, and institutional demand isn’t going anywhere.

Zoom out. Bull markets climb a wall of worry.

⌐◪-◪ → The memecoin crash is killing Solana’s revenue

Solana’s chain revenue is down 90% from its January highs, thanks to the memecoin market completely imploding. The network was making $38M per week during peak memecoin mania—now, it’s barely scraping $4M.

The collapse of TRUMP, LIBRA, MELANIA, and ENRON sent memecoin traders running, and with them went Solana’s explosive fee revenue. At the same time, SOL is down nearly 60% from its all-time high, and major token unlocks are adding more sell pressure.

But despite the bloodbath, Solana is still doing better than late 2024 levels, and its memecoin casino will be back as soon as the next narrative takes hold. Whether that’s another cycle of degeneracy or something more sustainable—remains to be seen.

⌐◪-◪ → Trump moves to end anti-crypto banking policies

Trump is planning an executive order to reverse Biden-era policies that made it harder for crypto companies to access banking services, sources say.

The order is expected to roll back rules tied to “Operation Chokepoint 2.0,” a term coined by Nic Carter to describe how federal regulators pressured banks to cut off crypto businesses from traditional banking.

One of the biggest implications? Crypto banks like Custodia might finally get access to Fed master accounts, which would be a game-changer for the industry.

This could also go beyond banking. Some sources claim the order may include new directives stating that stablecoins are not securities—another major win for the industry.

If Trump follows through, this would be his third executive order dedicated to crypto since returning to office. First, he launched the Presidential Working Group on Digital Asset Markets. Then, he created the U.S. Strategic Bitcoin Reserve. Now, he’s coming for the banking system.

One thing’s clear: this administration is pushing full steam ahead to make the U.S. the crypto capital of the world.

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