Plus: Ethereum wakes up too

GM. We blended the charts, the gossip, and a shot of espresso. The result? A smoothie you definitely need.

🚀 Bitcoin to $200K.

🍋 News drops: Trump media launching ETFs, the Nelk Boys trying to get away from a lawsuit + more

🍍 Market flavor today

Find out more about the Fear & Greed Index here.

Crypto Market Cap: $2.94T 4.01% (24H)
Name		Price	24H	7D
	Bitcoin BTC	$93,080.36	2.86%	9.68%
	Ethereum ETH	$1,793.72	7.85%	12.39%
	XRP XRP	$2.25	4.89%	6.62%
	BNB BNB	$608.20	-0.03%	3.94%
	Solana SOL	$151.83	5.60%	18.81%

Makes you wanna shed a happy tear, innit? 😏

Investors are feeling greedy again, and prices are loving it.

... yes, Ethereum included!!! 🥹

What's doing the magic?

• Donald Trump said the 145% US tariff on China will "come down substantially" = calmed trade war fears;

• He also mentioned he’s not planning to fire Fed Chair Jerome Powell = less drama = less uncertainty;

• Paul Atkins got sworn in as the 34th SEC Chair - and he's pro-crypto = confidence boost.

Now, according to 10xResearch, Bitcoin is approaching a key zone between $94K and $95K - and if BTC breaks above it, we might see a short squeeze.

That’s when traders betting on Bitcoin to drop are forced to buy it back, which can push the price up even more.

It's not guaranteed, tho'. 10xResearch is still cautious because their stablecoin minting indicator hasn't picked up much. When stablecoin minting is low, it usually means less new money is entering crypto, which makes a rally harder to sustain.

Still, there are reasons to be optimistic:

• Stablecoin inflows are starting to rise;

• More money's entering Bitcoin futures: open interest (aka the total value of open BTC futures contracts) has jumped from $22B to $29B, which shows that traders are getting more active;

• BTC ETFs are pumping money in - almost $1B in inflows just yesterday.

If these trends continue, and if the general uncertainty in the market keeps dropping - we might actually see Bitcoin break past $100K again.

Let's see if it holds.

🥝 Memecoin harvest

These coins looked the market dead in the eye and said "we ball" 😎

Data as of 04:40 AM EST.

Check out these memecoins and plenty more here.

🚀 Wen $200K

Riding the bullish wave from today’s market update, we’ve got a fun, we-love-to-hear-it Bitcoin prediction from Geoffrey Kendrick - the guy in charge of digital assets research at Standard Chartered, aka one of the biggest banks on the planet.

According to him, BTC could hit $200K by the end of this year.

Yes, that’s more than double what it is now. No, he isn’t high on hopium (... as far as I know).

Because he does have a point.

Basically, he says that Bitcoin’s main job in a portfolio is to protect against risks in the traditional system. When TradFi starts actin' funky - bank collapses, failures from the government sector, or just a general economic mess - Bitcoin is the asset people look to for safety.

And right now, there’s a lot of uncertainty around stuff like the Fed’s independence (should the US central bank do its own thing or listen to whoever’s in the White House?).

Investors aren’t loving that. And it’s showing in one metric Kendrick’s watching: the 10-year US Treasury term premium.

In short, that's the extra money investors want to be paid to hold long-term government debt. When it goes up, it usually means people are worried about the long-term future of the economy.

It is at a 12-year high now.

Yeah.

Bitcoin's usually in sync with that metric - when one goes up, the other does too. But lately, Bitcoin’s been lagging behind.

Kendrick blames that on investors getting distracted by tariff drama.

So, his logic is: once the tariff noise fades, and people remember the real risk - the messy state of TradFi - Bitcoin might catch up 🚀

🍋 News drops

🇺🇸 Trump’s media company teamed up with Crypto.com to launch some Made in America ETFs. These ETFs will mix crypto and traditional investments from US-based industries.

💰 The SEC charged Ramil Palafox for running a fake investment scheme, where he promised profits from crypto and forex trading. However, instead of actually trading, he spent millions of investor money on cars, houses, and luxury stuff for himself and his family.

🗂 Europe’s data watchdog approved draft rules on how to handle personal info on blockchains. They’re now open for public feedback until June 9.

⚖️ The Nelk Boys are trying to get a lawsuit dismissed that claims they misled people with their Metacard NFT project. Their lawyers say the buyer was offered a full refund after the NFT market dropped, but turned it down - and feeling regret doesn’t mean it was fraud.

🚪 Hackers slipped a backdoor into the main JavaScript library used to connect with the XRP Ledger, which put tons of crypto apps and wallets at risk. The XRP Ledger Foundation says the issue has now been fixed, and the bad version has been removed.

🍌 Juicy memes