Blockchain Bulletin

Crypto moves fast. Most headlines tell you what happened. We focus on why. ETF flows, macro triggers, volume signals, market narratives, and the data behind the price action. If you read beyond the candlestick, you're in the right place. Follow @thebbcrypto for daily analysis that actually makes sense of the market.

Jamie Dimon once called Bitcoin a "fraud." His bank just increased its #BitcoinETF position by 175%, from 3M to 8.3M shares of BlackRock's #IBIT (~$ 390 M). IBIT now holds $67B+ in assets. The infrastructure is built. Capital is moving. The sceptics aren't gone; they're just buying through ETFs now. #JPMorgan

Here’s the link to my show: youtube.com/watch?v=2X5P6j…

Just sat down with Binance founder CZ, Changpeng Zhao. He is the richest person ever to walk into a US prison. His lawyers warned him he was a prime target for extortion. He said that detention is worse than prison. And through all of it, he started writing. We talked about the scariest moments, life after prison, his bull case for crypto, top picks for family wealth, and what he actually looks for when backing founders. Watch it here and let me know what you think [Link in comments]

Bottom line: The bears have already missed a 30% upside from $60,000 to $80,000. The alt season nobody believed in is quietly starting. Don't be the last one to notice.

Altcoins are waking up. $TON and $SUI up 30%. $VVV is up 75% Bitcoin dominance has started to turn. There is no lower low printed yet. A death cross is forming. Historically, that's where BTC dominance drops, and alts run.

CPI just printed 3.8%, but the $BTC momentum did not stop! Here's why that's actually bullish 🧵

Midnight Passport is one credential that runs on your phone, your laptop, and allows you to spend into and receive funds from any network, like Bitcoin or Solana. It delegates to any agent who has a passport. The agent does the work and returns the result. This is what self-sovereign finance looks like.

I have been in this industry for fifteen years. And every survey, when they ask users what their number one concern is, the answer is always the same – ‘safety’. I feel that fear too. Think about what that means for someone who's never touched a wallet before. We haven't failed at marketing, distribution, or liquidity. We failed at the foundational aspect of usability. And the solution isn't another patch on a broken system. You need to reset the entire experience. From scratch. The way people onboard has to change completely. So here's the actual problem. Traditional abstraction, the way wallets work today, requires you to delegate to some third party. And the more you hand over to these untrusted intermediaries, the more damage they can do. We've seen it. Turns out your phone already has trusted execution environments built in, already. Pair that with privacy, and you actually get a really solid recovery system that doesn't require you to beg some custodian to give you back your own money. Derivable keychains. Multiple identities, multiple wallets, multiple chains, website access passcodes, all of it. A passport model. And for the user, it comes down to one thing. One. Face ID. That's the whole experience. We do not need to throw everything away. ENS naming, open wallet standards for agents - stack them together properly, and you have one surface for everything. When you delegate to an agent, that agent operates under the same wallet standards as you, a first-class citizen, not a plugin. This is not a product decision. This is a value decision. Privacy is a right. Every other chain made it an afterthought. At Midnight, we are making it the foundation. x.com/i/broadcasts/1…

Celestia $TIA is up 13.58% in 24h The market didn't move. $TIA did. The volume tells you exactly why. ↳ Price: $0.50 (+13.58%) ↳ 24h Volume: $122M (+102%) A 102% volume spike alongside a 13% price move isn't a thin-book pump. That's fresh capital entering with conviction, the kind of buying that doesn't reverse in an hour. Volume is already well above $100M, and that threshold has been cleared and is holding. The question now is whether it sustains into the next 24h or fades once the initial momentum cools.

#MetaPlanet just dropped its FY2026 Q1 earnings ↳ Net Sales: ¥3.08B (+251% YoY) ↳ Operating Income: ¥2.27B (+283% YoY) ↳ Operating Margin: 73.6% ↳ BTC Yield: 2.8% (QTD) ↳ Total Assets: ¥402.96B (-12.1% QoQ) A 73.6% operating margin at this growth rate isn't typical for a company in transition; it signals that the BTC treasury model is generating real operational leverage, not just paper gains. The one flag: total assets dropped 12.1% quarter-on-quarter, likely tied to BTC price movement rather than business deterioration. Full-year forecast remains unchanged. ¥16B in sales (+80% YoY) and ¥11.4B operating income (+81%). No guidance cuts, no course correction, the $BTC thesis is still fully intact.

As per CNBC reports, SoftBank's Vision Fund posted $46B in gains for FY2025, and nearly all of it came from one bet: #OpenAI. Here's the math: ↳ Invested in OpenAI: $30B+ ↳ Gains from OpenAI alone: $45B ↳ Total Vision Fund gain: $46B The rest of the portfolio- Coupang, DiDi, Klarna- was in the red. But this isn't just a win story. S&P revised SoftBank's outlook to "negative" in March, flagging concerns over portfolio concentration and debt load. #SoftBank has been selling Nvidia and T-Mobile stakes just to fund the position. The upside is historic. The risk is just as real. One company. One fund. $852B valuation and counting. Read more: cnbc.com/2026/05/13/sof…

Crypto ETF flows are sending a split signal. ETF Net Inflows (May 12): ↳ $BTC: - $239M ↳ $ETH: - $40M US Spot ETF Daily Net Flows $BTC: -$233.25M $ETH: -$130.62M $SOL: +$19.07M (led by Bitwise's BSOL at $16M) $XRP: +$5.31M BTC and ETH post red numbers on US spot ETFs, SOL and XRP are quietly ending the day in positive territory. Whether that's institutional rebalancing or genuine appetite for alts, the directional split is something the market will be watching closely. SOL's DEX activity remains strong, and XRP continues to benefit from regulatory tailwinds. BTC still commands ~$100B in AUM. The throne isn't shaking yet.

@s0meone_u_know Big announcements + real utility = big moves 📈

BREAKING: Following the announcement by Pavel Durov that Telegram will be taking the leading role in TON Ecosystem & becoming its largest validator… $TON is up 100%+ in 2 days 🤯

@s0meone_u_know Definitely. The next cycle’s success stories might start with the-open-network:native 👀

Future millionaires will be made on $TON

@DurovPD $3 doesn’t look that crazy anymore 👀 the-open-network:native

$TON to $3 What do you think?

US Crypto Spot ETFs: May 6 flows just dropped. Total net inflow: $57.70M $BTC - $46.33M $ETH - $11.57M $SOL - $21.30M $XRP - $13.03M $LINK - $532.90K $DOGE - $227.21K And #IBIT alone scooped up $134.6M worth of BTC.

$TON is approaching $3 The move we've been tracking all week just got louder. ↳ Up 35%+ in 24h, currently at $2.73 ↳ Market cap surged 27% to $7.32B ↳ Volume spiked 81%, this isn't thin air buying ↳ RSI at 97, deeply overbought, but momentum isn't fading yet The technicals are clean, breakout above all key MAs, confirmed by volume. Social sentiment is also leaning bullish, which is adding fuel. Now the critical zone: - Hold above $2.31 (daily pivot) → $3 test becomes likely - Lose $2.50 → A pullback is on the table, given how stretched RSI is $3 is more than just a price; it's a psychological level. Whether $TON breaks through or gets rejected there will set the tone for what comes next. Watching closely. 👀

@zoetoshi That would be the most Elon-coded full circle moment ever. Memes funding real payments 😄

imagine X launches XMONEY and dogecoin is the payment mode