This is where perps traders donate fees:
They see one liquid alt catch a bid and start treating every laggard like it is “next.”
At 4pm PT, Coinbase had BTC basically flat near $81.2k, ETH down about 0.9%, while SOL was up 3.1%, SUI 2.4%, LINK 2.0%. DOGE was red.
That is not broad altseason behavior.
That is selection.
Real rotation makes excuses unnecessary.
Fake rotation makes you argue with your own watchlist.
Social media is slowly normalizing psychopathic traits across populations.
Engagement rewards emotional detachment, manipulation, outrage, and performance.
JUST IN: Michael Saylor's Strategy $MSTR proposes selling some Bitcoin to pay dividends.
"You buy Bitcoin with credit, you let it appreciate, and then you sell Bitcoin to pay the dividend."
⚡️DAILY RECAP⚡️
• 🇮🇷 🇺🇸 Iran blocks US warships from entering the Strait of Hormuz, hits US warship near Jask Island with two missiles.
• 🇮🇱 🇱🇧 Israel launches strikes on southern Lebanon despite active ceasefire.
• Brent crude oil surges above $120 amid rising tensions in the Middle East.
• GameStop $GME offers to buy eBay $EBAY for $56,000,000,000.
• Bitcoin surges above $80,000 again for the first time since January.
• DTCC to begin limited tokenized securities trading in July.
• 🇺🇸 Trump family’s crypto firm World Liberty Financial files defamation lawsuit against TRON Founder Justin Sun.
• Western Union’s stablecoin $USDP is now live on Solana.
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We're big fans of the @fogo ecosystem and want to try to build things that utilize the massive throughput of the chain.
Follow + post your wallet to earn exclusive access to test soon w/ real prizes & rewards! 👇
⚡️DAILY RECAP⚡️
• GameStop $GME is preparing an offer to acquire eBay $EBAY - WSJ reports.
• 🇺🇸 Coinbase says a deal has been reached on a key CLARITY Act provision about stablecoins.
• 🇨🇳🇺🇸 China issues injunction to block U.S. sanctions on refineries purchasing Iranian oil.
• 🇺🇸🇩🇪 U.S. to withdraw 5,000 troops from Germany amid rising tensions with NATO allies over Iran war.
• 🇺🇸 President Trump says seizing ships by the US navy is a very profitable business and that the United States are the world biggest pirates now.
JUST IN: 🇺🇸 President Trump says seizing ships by the US navy is a very profitable business and that the United States are the world biggest pirates now.
“It’s a very profitable business. We’re like pirates.”
⚡️DAILY RECAP⚡️
• Bitcoin surges above $78,000 as Iran sends new proposal to the U.S. through Pakistani mediators.
• 🇺🇸🇮🇷 Trump administration reportedly told Congress the war against Iran is officially over - per AP.
• 🇺🇸 US Secretary of War Pete Hegseth says he is a "long enthusiast" of Bitcoin and agrees it is a tool to project power.
• 🇺🇸 🇪🇸 🇮🇹 🇩🇪 President Trump considers withdrawing troops from Spain, Italy and Germany.
• 🇺🇸 US national debt surpasses size of the entire United States GDP for first time since World War II.
• 🇺🇸 🇮🇷 Treasury Secretary Bessent reveals the US seized nearly $500,000,000 worth of Iranian crypto assets as part of Operation Economic Fury.
• 🇺🇸 🇨🇳 🇮🇷 US threatens China with sanctions and additional tariffs if it continues to purchase oil from Iran.
• 🇺🇸🇪🇺 President Trump to increase tariffs on European Union cars and trucks to 25%.
• 🇺🇸 US government says it is up $40,000,000,000 on its 10% ownership stake in Intel $INTC.
• Apple $AAPL rises 5%, adding over $200,000,000,000 to its market cap today.
🇺🇸 US ECONOMIC SETUP IS WEAKENING
Inflation is still high (PCE 3.5%, core 3.2%), while growth is slowing (GDP 2%).
This means the economy is weakening, but prices remain elevated — a situation the Fed wants to avoid.
It raises the chance of higher interest rates for longer (or even hikes).
Bearish for risk assets.