Join Matt and Simon as they discuss the state of the crypto market, Bitcoin’s latest price action, and which altcoins are outperforming. They also cover stablecoin adoption by major payment networks, FIFA launching its own blockchain, altcoin updates, and more.

Key Takeaways

1. Bitcoin (BTC) has increased for four consecutive weeks and is holding above a key long-term support level, increasing its likelihood of breaking higher in the coming weeks. Meanwhile, BTC dominance hit another four-year high of 64.9% during the week.
2. Altcoins such as Solana (SOL), Sui (SUI) and Hyperliquid (HYPE) continue to break away from the rest of the market. Should BTC climb higher in the near term, these altcoins are best positioned to keep outperforming, in our opinion, as opposed to altcoins that lagged in recent times.
3. The main macro event this week is the U.S. Federal Reserve’s monetary policy update. While interest rates are widely expected to remain steady, investors will closely monitor Fed Chair Jerome Powell’s conference for any indications that the Fed’s stance is changing.
4. Stablecoin adoption continues to accelerate following a partnership between Visa and Bridge, a stablecoin infrastructure provider recently acquired by Stripe. The announcement came days after Mastercard announced its latest push into stablecoins.
5. Altcoin updates discussed in this episode include Ethereum’s ‘Pectra’ upgrade happening this week—its first major upgrade in over a year—and Hyperliquid adding HYPE staking tiers.

Timestamps:

00:00 Bitcoin's Resilience and Market Dynamics

03:12 Federal Reserve's Impact on Crypto Markets

06:06 Stablecoin Adoption and Major Partnerships

09:06 Apple's App Store Changes and Crypto Opportunities

12:08 Sui's Basecamp Conference Insights

14:49 Ethereum's Upcoming Upgrade and Market Sentiment

17:52 FIFA's Blockchain Shift and Industry Trends

21:01 Overrated and Underrated in Crypto

To comment, please do so on the corresponding post on the Member Platform.

Join Matt and Simon as they discuss the recent gains in the crypto market, highlighting Bitcoin's rise to a nine-week high and the performance of various sectors, including AI and memecoins.

Key Takeaways

• Bitcoin rebounded to $95,500, its highest level since February, and the overall crypto market cap returned to above $3T for the first time since early March.
• U.S. spot Bitcoin ETFs recorded their biggest week of net inflows in five months, and the second-highest of all time.
• Mastercard is expanding support for stablecoin payments, working with Circle, Nuvei and Paxos to enable direct merchant settlement. This will allow over 150M merchants across the Mastercard network will now have the option to receive payments in stablecoins, regardless of how a customer pays.
• Arizona lawmakers passed a bill allowing the state treasurer and retirement system to invest up to 10% of available funds in digital assets, specifically bitcoin, sending it to the governor’s desk for approval. If approved, the state would be the first in the U.S. to require public funds to invest in Bitcoin.
• Token2049 Dubai, one of the largest crypto conferences globally, kicks off this week. Expect many announcements and altcoin updates.

Timestamps:

00:00 Intro & Crypto Market Overview

03:57 Economic Indicators & Their Impact on Crypto

08:02 Bitcoin Demand & Institutional Strategies

11:56 Mastercard's Stablecoin Expansion

15:47 Arizona Bitcoin Reserve Bill

19:56 Altcoin Updates & Market Reactions

24:00 Regulatory Changes & Future Outlook