Crypto Pulse of the Day: Treasury Report, MicroStrategy Profits & Market Signals
Arthur Hayes highlighted that the Treasury’s quarterly refunding announcement (April 28–30) will be a critical moment for markets. Investors will gauge the size of upcoming debt issuances, the target balance of the Treasury General Account, and any commentary on the bond market amid tariff uncertainty. He noted that a larger refunding size and a lower target account balance would be bullish for dollar liquidity.
MicroStrategy’s Bitcoin Revenue
MicroStrategy has realized $5.1 billion in Bitcoin gains so far this year, underscoring its continued commitment to holding BTC as a primary treasury reserve asset.
Bitcoin Short-Term Holder Cost Levels
Based on short-term holder cost data, Bitcoin must stay above $93 145 to maintain upward momentum toward a potential all-time high of $131 800. A drop below that threshold could open the door to a correction down to $71 150.
Nike’s NFT Lawsuit
Nike faces a $5 million lawsuit after closing its RTFKT crypto division. Plaintiffs claim the brand’s abrupt exit from the NFT space decimated demand for their tokens.
Bitcoin Open Interest and Leverage
Bitcoin’s open interest has climbed 20 % over the past 20 days, now exceeding $26 billion. Across exchanges, margin and leverage metrics have reached two-year highs, signaling growing risk appetite among derivatives traders.
Santiment’s Top Performing Tokens
Santiment data shows that $TRUMP (+80 %), $SUI (+64 %), and $VERUM (+51 %) outperformed the broader market, alongside a 57 % jump in overall trading volume.
IMF Update on El Salvador
The IMF confirmed that El Salvador is complying with its agreement to halt Bitcoin accumulation in the public sector and is advancing governance and transparency reforms in line with its commitments.
Bitcoin Outflows from Exchanges
More than 40 000 BTC left exchanges over the past week, a classic sign of renewed accumulation by long-term holders.
Loopscale Hack on Solana
The DeFi protocol Loopscale suffered a $5.8 million exploit two weeks after launch—about 12 % of its TVL—and is now working with law enforcement to recover stolen funds.
Dogecoin Miner Merger
Biopharma firm Coeptis and Z Squared announced a merger to form the largest publicly listed Dogecoin mining company, combining resources to scale DOGE production.
Kevin Warsh on Fed Policy
Kevin Warsh, a leading candidate for Fed Chair, criticized excessive Fed commentary and social policy interventions. He advocates a return to a traditional approach with fewer public speeches and more rule-based policymaking.
Ripple’s IPO Decision
Ripple’s president confirmed there will be no IPO in 2025, citing ample cash reserves after a recent buyback at an $11.3 billion valuation.
Synthetix Staking Pool Upgrade
Synthetix migrated to its new Staking Pool 420, liquidating older SNX positions. Collateralized positions ≥160 % remain redeemable for six months; all others are permanently liquidated. This upgrade lays groundwork for upcoming product launches.
Bitcoin Forecast Models
Models such as the Quantile Model and Power Curve Time Contours predict Bitcoin could reach $130 000–$200 000 by end-2025, driven by Metcalfe’s law network effects and historical market cycles.
Barron’s Cover Superstition
A recent Barron’s cover featuring gold reignited the “magazine cover” superstition—that an asset’s appearance on a major magazine cover often marks its peak, followed by a downturn.
Stay tuned to Crypto Pulse of the Day for your essential daily briefing on digital-asset developments.
News
Bitcoin Enters Price Discovery as Whale Trades and Macro Signals Roar
Bitcoin hits new all-time highs eyeing $116K–$148K levels, a 40× whale long nets $40M, Fed’s $50B self-buy sparks hyperinflation warnings, and analysts see BTC at $120K+ soon.
Whale Opens $830 M 40× BTC Long; Hayes & Novogratz Issue Bold Crypto Forecasts; Key Legislative and Tech Updates
A BTC whale takes a $830 M 40× long, Bitcoin logs six consecutive green weeks, the GENIUS Act advances in the Senate, and Arthur Hayes predicts ETH at $10K–$15K as Solana’s Alpenglow upgrade nears.
GENIUS Act Advances in Senate as Crypto Markets Rally on Regulatory Clarity and Network Milestones
The GENIUS Act moves to full Senate debate ahead of Memorial Day, while Bitcoin and altcoins benefit from reduced exchange reserves, protocol upgrades, and bullish forecasts from industry leaders.
Bitcoin Closes at $106,500, Dollar Falls After Moody’s Downgrade, and Hayes & Novogratz Forecast Crypto’s Next Moves
Bitcoin hit a record weekly close of $106,500; the dollar slid to 100.85 after Moody’s downgrade; Arthur Hayes forecasts a summer altseason and $250K BTC, Michael Novogratz sees a $22 trillion crypto market.
Key Crypto and Market Updates: Arrests, Network Milestones, and DeFi Developments
Ex-Binance exec arrested for $15M fraud; Avalanche hits 1.95M active addresses; over 1M ETH withdrawn from exchanges; Fusaka devnet on May 26; MetaMask adds Solana; consumer sentiment at 43-year low.
