🚨 Is This A Bitcoin Supply Shock Warning?
👉 Major Altcoins Getting Ready For ETF Debuts!
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📰 Is This A Bitcoin Supply Shock Warning?
💎 Major Altcoins Getting Ready For ETF Debuts!
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
💭 Banter’s Take
GM Degens,
AI is the talk of the town as Musk and Altman go head to head on X. Meanwhile, there is speculation that altcoins are forming a bullish pattern: a triple bottom.
Let’s dive in!
🌍 Market Catch-Up
Top 100 coins Daily Performance - Banter Bubbles
Source: CoinMarketCap
📰 Question of the Day
Is This A Bitcoin Supply Shock Warning?
Capital inflows into the crypto market are picking up steam with about $6 billion worth of capital added over the last week and some signs of renewed momentum as Bitcoin (BTC) is attempting to reclaim key technical levels for the first time since January 30.
This is the first bounce in around a week, and all eyes are on Bitcoin to see if it can potentially test $100,000 again, which is proving to be a significant level it wants to hover around. However, this doesn't mean it will do that forever as none of this is financial advice, and you all need to do your own research.
Today, we have Federal Reserve Chair Jerome Powell speaking before the CPI data release tomorrow, followed by the PPI data on Thursday. Meanwhile much tariff news is being released, but as we mentioned yesterday, the announcements that shocked the market initially, seem to have a diminished effect now. Trump has officially ordered 25% tariffs on steel and aluminum imports on certain countries.
Now, something quite interesting is happening in AI as an Elon Musk led investor group has offered over $97 billion to OpenAI—creator of ChatGPT—to take control of it. This is after heavy criticism from Elon Musk about OpenAI's head Sam Altman. Musk has spoken out repeatedly about how the company started as a nonprofit and that's the reason he invested to begin with, but now OpenAI is trying to make it a for-profit company. Altman replied "no thank you" quite swiftly on X, but it seems as if not much thought has been put into this reply, and it's not exactly up to just Altman to make this decision, so we wait to see how this will play out.
All this is obviously causing some hype in AI x Crypto as some would expect.
Speaking of Musk, Tesla (TSLA) is now sitting on a reported $600 million gain from its Bitcoin holdings. Many fake reports went around saying the company had accumulated more Bitcoin, but this is not true. It holds the same amount it held in the past. However, Tesla's stock has fallen over 25% since its December levels.
Though Tesla didn't buy any additional Bitcoin, there are companies that are:
Publicly traded Metaplanet to acquire 21,000 BTC worth $2 billion by 2026
Strategy acquired 7,633 bitcoins at an average price of $97,255
And overall, the Bitcoin spot ETFs have seen massive inflows in 2025. So far the number stands at over 55,000 BTC. This is in great contrast to the 16,000 new bitcoins that have been mined. When all the interested countries and entities start buying, how long will the exchange supply really last before it is completely depleted? Bitwise’s post below touches upon a potential supply shock incoming.
Demand is outweighing the supply by a lot.
And let’s not forget about all the US states that are looking into adopting a Bitcoin strategic reserve. They will (allegedly) need to fill those reserves. 🤷♂️
Source: bitcoinstatesofamerica
💎 Degens’ Den
Major Altcoins Getting Ready For ETF Debuts!
The TOTAL3, which counts all crypto in the top 100 coins by market cap excluding Bitcoin and Ethereum (ETH), seems to be making a triple bottom according to multiple posts on X, including this one from Moustache.
A lot of altcoins are in the green today but that is after massive dips, and as hopium rises, it's anyone's guess as to which way this market will continue, what with all the mixed emotions dwelling after tariff news and world tensions.
There are a lot of people talking about AI due to everything we mentioned further up, and the Google parent company Alphabet's CEO has come out to say that missing AI is probably the biggest risk right now; of course, he's not talking about crypto, he's talking about the AI industry in general.
FUD and mixed emotions are running rampant, but certain altcoin holders will have events to look forward to, like the following. It seems that XRP (XRP), Litecoin (LTC) and Cardano (ADA) spot ETFs could be on the way:
Coinshares has filed a 19b-4 filing to launch XRP and LTC Spot ETF
Grayscale files 19b-4 with NYSE to convert Cardano (ADA) trust to spot ETF with SEC
🐸 MEMEoirs of a Degen!
📢 Biggest Announcements
EX Binance CEO CZ Hints At BNB Chain Upgrade Coming Soon
AO Fair Launch Token Mint Begins
Gumi Inc. Plans To Buy ¥1B ($6.58M) Worth Of Bitcoin
Former German Finance Minister Says Time To Recognize The Opportunities Of Bitcoin In Germany
💭 Banter’s Take
Many on X are wondering if this market move is to be trusted or not, or if it's just a dead bounce. No one can know for sure. With some of the largest banks expecting flat CPI tomorrow, if those numbers disappoint, could things get bumpy?
See you all tomorrow!