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πŸš€ Arthur Hayes: β€œ99% of Altcoins Could Go to Zero” as Market Clears Excess

At Consensus Miami 2026, BitMEX co-founder Arthur Hayes stated that 99% of β€œshitcoins” could eventually go to zero. He framed this as a normal market-clearing process rather than an end to crypto, comparing it to the S&P 500’s long-term turnover since 1929. Hayes argued that industries evolve through constant replacement and that the altcoin ecosystem will continue to exist and develop.
πŸš€ Arthur Hayes: β€œ99% of Altcoins Could Go to Zero” as Market Clears Excess

At Consensus Miami 2026, BitMEX co-founder Arthur Hayes stated that 99% of β€œshitcoins” could eventually go to zero. He framed this as a normal market-clearing process rather than an end to crypto, comparing it to the S&P 500’s long-term turnover since 1929. Hayes argued that industries evolve through constant replacement and that the altcoin ecosystem will continue to exist and develop.
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We monitor and report large, unusual transactions across multiple blockchains β€” as they happen.
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T.me/Whalealertsio
πŸ’΅ 250,000,000 $USDC (249,974,625 USD) minted at USDC Treasury
πŸ“Š MoonPay Acquires Solana Trading Infrastructure Firm DFlow for $100 Million in Stock

According to Fortune, crypto payments and infrastructure company MoonPay has acquired DFlow in an all-stock deal valued at approximately $100 million. DFlow provides trade routing and DEX aggregation services and has recently accounted for around 5% to 10% of trading volume across Solana-related platforms. In the first quarter of 2026, the platform processed more than $12 billion in transaction volume.
πŸ—£ Anthony Pompliano said AI is creating thousands of new roles, with job listings on LinkedIn increasingly featuring AI beyond just engineering positions. He added that companies are restructuring and replacing roles as they adapt to this shift.
πŸ†• $KAIO listed on Coinbase spot
πŸ“Š #BTC CME Group to launch Bitcoin volatility futures contracts on June 1st.
πŸ‡¨πŸ‡¦πŸ—½ Hut 8 Corp. secures a $200M, 364-day Bitcoin-backed credit facility with FalconX, replacing its previous arrangement with Coinbase Credit.
πŸ‘€ $DOGE is back in the top 10 memes β€” but social interactions are flat.

Top 10 memes by market cap:
$DOGE
$SHIB
$M
$PEPE
$TRUMP
PIPPIN
$BONK
PENGU
$SPX
$FLOKI

$PEPE ETF filing pulled headlines. $DOGE didn't move on it. Social interactions total stayed flat. Either the rotation is bypassing $DOGE β€” or sentiment is leading price by a few weeks.

The crowd usually gets the bottom wrong.

$DOGE social interactions β†’ #etf
πŸ“Œ Top 5 News for 24 Hour:

1. Canary Capital files for $PEPE spot ETF, memes influence SEC. β†’
πŸ‘ 258 | ❀️ 2 | πŸ” 5

2. New wallet opened 6x long position on $TON. β†’
πŸ‘ 295 | ❀️ 0 | πŸ” 5

3. Jack Mallers explains Bitcoin impact on housing prices. β†’
πŸ‘ 203 | ❀️ 0 | πŸ” 5

4. Bitcoin outperforms gold by 36% amid Iran conflict. β†’
πŸ‘ 180 | ❀️ 1 | πŸ” 4

5. Experts dismiss Quantum threat to Bitcoin. β†’
πŸ‘ 222 | ❀️ 0 | πŸ” 4

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πŸ•΅οΈ #BTC Open interest in Bitcoin is at its highest level in over 109 days.
πŸ•΅οΈ Strategy Q1 2026 Results: $12.54 billion Net Loss Amid $14.46 billion Unrealized Bitcoin Loss

Strategy Inc reported a net loss of approximately $12.54 billion for the first quarter of 2026, primarily due to a $14.46 billion unrealized loss on its bitcoin holdings. As of May 3, the company held approximately 818,334 BTC, up 22% year-to-date, with an average purchase price of about $75,537 per bitcoin. The carrying value of its digital assets was approximately $61.81 billion.
πŸ†• $MEGA listed on Robinhood spot
Second leg is coming
πŸ—£ Strategy's Phong Le says $STRC is the largest tradable preferred in the world, 2x the size of Wells Fargo preferreds.
πŸ—£ Saylor: We Will Probably Sell Some Bitcoin to Pay a Dividend Just to Inoculate the Market Just to Send the Message That We Did It
πŸ‡ΊπŸ‡ΈπŸ—£ President Trump says the US attempt at opening the Strait of Hormuz, dubbed 'Project Freedom', will be paused as negotiations with Iran continue.
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πŸ—£ Luke Rudkowski: "If you want to stop the war machine, you have to stop the money printing machine, which means we have to end the Fed.

"With Bitcoin... END THE FED." #macro
πŸ•΅οΈ Bitmine staked 157,344 $ETH worth $372.39M. They now have 4,712,917 $ETH worth $11.12B in staking.

Also, 2 newly created wallets withdrew 40,000 $ETH ($94.61M) from Kraken, likely belonging to Bitmine.
πŸ˜±πŸ€‘ Fear & Greed Index for #ETH