🐳 Whale and Institutional Transactions:
1. A wallet associated with Matrixport continues to increase long positions on #ETH. Currently holding 120,000 #ETH (~$254 million) with over $17.5 million in unrealized losses.
2. 0x8652 opened a 10x leveraged long position on 36,875 #ZEC ($19.68 million), becoming the largest bull on #ZEC.
1. A wallet associated with Matrixport continues to increase long positions on #ETH. Currently holding 120,000 #ETH (~$254 million) with over $17.5 million in unrealized losses.
2. 0x8652 opened a 10x leveraged long position on 36,875 #ZEC ($19.68 million), becoming the largest bull on #ZEC.
🇺🇸🏦 #BTC American cryptocurrency ATM operator Bitcoin Depot has filed for bankruptcy.
📊 "Sell in May" — does it work in crypto?
Three of the last six summers saw #BTC fall from May to September, with an average return of −6%.
So yes, the adage technically works.
However, holding one more month into Uptober flips the trend, resulting in an average return of +14.5%.
The real rule isn't "sell in May" — it's "sell in September."
Three of the last six summers saw #BTC fall from May to September, with an average return of −6%.
So yes, the adage technically works.
However, holding one more month into Uptober flips the trend, resulting in an average return of +14.5%.
The real rule isn't "sell in May" — it's "sell in September."
🇺🇸🇮🇷 The USA proposed a temporary suspension of sanctions on Iranian oil. #tradewars
📊👀 #BTC Glassnode: Median SOPR across the top 500 coins just hit break-even (SOPR=1), the highest reading since BTC traded near all time highs. The move was met with heavy selling across the market. The typical altcoin holder has been realizing losses since late 2024.
💸 At $76.7K, more than 7.8M #BTC are currently held at a loss.
The supply overhang from buyers near cycle highs remains substantial, which is a weight the market will need to absorb before any sustained move higher becomes structurally credible.
The supply overhang from buyers near cycle highs remains substantial, which is a weight the market will need to absorb before any sustained move higher becomes structurally credible.
📈 President Trump moves to withdraw his $10 billion lawsuit against the IRS. #regulation
🇺🇸🇮🇷 Reuters: A high-ranking source in Iran has stated that the US has shown flexibility during the current negotiations, including regarding restrictions on Iran's nuclear activities. Washington has only agreed to unfreeze 25% of Iranian funds according to a phased schedule. Tehran demands the unfreezing of all funds. Iran's revised proposal includes a final end to the war, lifting of sanctions, and resuming operations in the Strait of Hormuz. The nuclear issue will be discussed later. #tradewars
🤔 Payward Q1 Revenue Rises to $507M as Kraken Parent Expands M&A and IPO Push
Payward, the parent company of Kraken, reported Q1 2026 adjusted revenue of $507 million, up 3% year-over-year. Assets on Platform reached $40 billion, and funded accounts rose 47% year-over-year to 6.1 million. The company is expanding its multi-asset infrastructure through acquisitions, including Backed, Magna, Bitnomial, and Reap, while maintaining plans for a future IPO.
Payward, the parent company of Kraken, reported Q1 2026 adjusted revenue of $507 million, up 3% year-over-year. Assets on Platform reached $40 billion, and funded accounts rose 47% year-over-year to 6.1 million. The company is expanding its multi-asset infrastructure through acquisitions, including Backed, Magna, Bitnomial, and Reap, while maintaining plans for a future IPO.