• Wll Street’s Crypto Crash Landing

• Memecoins Aren’t Going Anywhere

• Is BlackRock About To Blast ETH To The Moon?

• And more…

Market Data Prices as of 4:30am ET

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Bollinger Bands →

Bollinger Bands are a technical analysis tool that was invented by John Bollinger in the 1980s.

They are used to measure the volatility of a financial asset, like Bitcoin, over a specified period of time.

Bollinger Bands comprise three lines:

• A middle band representing a simple moving average (typically 20-day)

• Two outer bands that are standard deviations away from the middle band

🌊 WALL STREET’S CRYPTO CRASH LANDING

Hold onto your Ledger — Morgan Stanley and Charles Schwab are moving into spot crypto faster than a Solana outage.

Why now?

• SEC got cozy with crypto custody

• Fed & OCC are giving TradFi the green light

• And the new SEC boss just hit pause on several crypto lawsuits

Translation? TradFi is back in town.

🧑‍💼 Morgan Stanley

Launching spot crypto trading on E*Trade by 2026, likely plugging into crypto-native tech.

They’ve already got ETFs for the rich, but this time, they’re handing the keys to the average Joe.

📉 Charles Schwab

Rick Wurster says it’s go time:

They’re not trying to court the degen crowd — they want your uncle’s 401(k) to flirt with BTC.

Let’s be clear:

The crypto narrative is shifting.

BlackRock. Morgan Stanley. Schwab. Citadel.

This is no longer outsider money.

It’s mainstream. It’s strategic. It’s on.

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MEMECOINS AREN’T GOING ANYWHERE

We might not have a direct line to the Blockworks Research crew, but thankfully, Katherine Ross (writer of the Empire newsletter) does.

And today, she’s breaking down why – even in the face of falling volumes and weak sentiment – memecoins aren’t just surviving… they’re setting up shop.

Katherine, over to you 👇

Think of memecoins like fireworks: fast, flashy, but impossible to ignore.

According to Ryan Connor, Head of Research at Blockworks, that’s actually a strength.

The short-lived nature of these tokens makes them uniquely suited to crypto’s attention-driven market.

🚨 At their Q1 peak, memecoins made up roughly 25% of all crypto trading volume.

Yes, volumes dipped recently – but new data suggests the sector is already rebounding.

So, are memecoins good or bad for crypto’s image?

Ryan puts it simply: "No. They’re what’s working."

And when you look at the social mechanics behind them – similar to sports betting – it starts to make sense. Gains fuel stories → stories build communities → communities create new buyers. It’s a loop.

We're not at DraftKings levels yet, but the runway is there.

Bottom line?

Memecoins are here to stay.

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IS BLACKROCK ABOUT TO BLAST $ETH TO THE MOON? 🚀

It’s easy to tune out crypto news lately.

Not because it’s boring – but because the big stuff gets buried in a pile of corporate gobbledygook.

Like this:

Uh… what?

Let’s break it down:

BlackRock runs a huge fund that holds U.S. treasury assets – super safe, government-backed IOUs that pay a fixed interest.

Entry price? $3 million minimum. After that, investors can buy/sell freely.

Now, the big shift: they want to tokenize it – meaning, every trade gets logged onchain.

And guess what chain is most likely to power it?

Ethereum.

If this happens, here’s why it could be massive for $ETH:

1. Total Value Locked (TVL)
   Ethereum currently has $52B TVL. If BlackRock brings the full $150B fund onchain, that’s a 4x jump – to $200B TVL.
   For context: Solana is in second place… with just $8B.
   

2. Narrative
   “The world’s largest asset manager chooses Ethereum to tokenize $150B in assets” = a headline that could supercharge ETH sentiment.
   

3. Snowball Effect
   If BlackRock makes it work, other institutions will almost certainly follow. And they’ll probably use the same blockchain.

TL;DR: This could be giga-bullish for Ethereum.

It just gets lost in the jargon jungle.

OTHER NEWS

🔄 Bitcoin’s MVRV Ratio Turns Positive
The YoY True Market Value to Realized Value (MVRV) Ratio for Bitcoin flips back into positive territory—an encouraging sign of market recovery.

🤖⚡ AI Agents Could Drive Next BTC Adoption Wave
The rise of AI agents may spur demand for seamless, credit-risk-free micropayments—something the Lightning Network is uniquely positioned to deliver.

🏛️📉 Institutional Demand May Crowd Out Retail
With Bitcoin gaining traction as a geopolitical hedge, institutional adoption could drive prices higher, potentially sidelining everyday investors.

🇳🇬📜 Nigeria Recognizes Crypto as Securities
Nigeria passes legislation officially classifying Bitcoin and other crypto assets as securities—marking a regulatory milestone in Africa’s largest economy.

💰🏦 Coinbase Boosts BTC-Backed Loan Limit to $1M
Responding to rising demand, Coinbase now allows users to borrow up to $1 million against their Bitcoin collateral via USDC.

🏢📈 Corporate Bitcoin Holdings Hit 746K BTC
Companies now hold a record 746,302 BTC—tripling since Q1 2024—with nearly 100K BTC purchased in April 2025 alone.

📉💸 MicroStrategy Posts Another Loss, Plans $21B Equity Raise
Despite a fifth straight quarterly loss under fair value rules, MicroStrategy announces a $21 billion equity raise to fund further Bitcoin accumulation.

🏦🟠 Morgan Stanley to Offer Spot BTC Trading via E-Trade
Wall Street heavyweight Morgan Stanley plans to launch spot Bitcoin trading on its E-Trade platform in 2025, signaling growing institutional momentum.

🏙️🪙 Roswell, NM Starts Municipal Bitcoin Reserve
Roswell becomes the first U.S. city to hold Bitcoin in reserve, following a BTC donation valued at $2,845.

🇪🇺🚀 Bringin Raises $950K for Bitcoin Banking Solutions
European startup Bringin secures a $950K pre-seed round led by Initial Capital to expand Bitcoin-native financial services.

🏛️🪙 Texas Congressman Proposes Bitcoin ATMs in Federal Buildings
Rep. Lance Gooden introduces legislation to install Bitcoin and crypto ATMs across U.S. federal government facilities.

🇨🇭🔒 Relai and Sygnum Bank Launch BTC-Backed Loans
Swiss firm Relai teams up with Sygnum Bank to provide Bitcoin-backed loans tailored for high-net-worth individuals.

🏛️📊 North Carolina Moves Closer to Crypto Pension Allocation
The NC House passes a bill to allow up to 5% of state pension funds to be invested in Bitcoin and crypto assets—pending Senate approval.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.