After Bitcoin dumped to almost $100k due to the Trump vs. Musk drama, it quickly recovered to $111k. However, the quick escalation of the conflict between Israel and Iran cuts the rally short. As of now (June 9), BTC hovers at around $103k. The good news is that the lows are significantly better than previous dumps, as BTC still holds strong.
In this seventh edition of the weekly crypto narratives, we’ll review the previous week, analyze the market, and find some alpha from the crypto community.
This Week’s Contents
- Crypto News Roundup: Important news from last week 🦅
- Market Watch: Metrics from the market 🗞️
- Altcoin Pitch Deck: Altcoins pick from the community ⚖️
- Alpha and Analysis: Analysis, airdrop guide, and alpha ⚡
1. Crypto News Roundup
Polygon’s former zkEVM team created a new ZK project called ZisK. This comes after Polygon focuses its attention on the PoS and AggLayer stack while abandoning support for the zkEVM chain.
ByBit officially announces its first Solana-based DEX, Byreal. The hybrid platform will launch its mainnet in Q3 2025.
The US Senate has passed the GENIUS Act, a bill for regulating and legalizing stablecoins. The bill will now go to the House Representatives for another round of voting before being signed by the US President, Donald Trump.
2. Market Watch
This week’s winners and losers:
The Fear and Greed Index is still in greed with Bitcoin holding above $100k, but has decreased to 57 since last week.
It is still Bitcoin season, and the chart has been in sideways since March 2025.
The Bitcoin dominance chart continues its grind up after a slight correction in the 2nd week of May. With the worsening market conditions, the market keeps choosing BTC as the winner.
The altcoin market cap chart (TOTAL3) continues its downtrend. It has finally breached the EMA 200-day support once again. The bullish copium would be to turn this area into support or test the previous lows at around $795B.
3. Altcoins Pitch Deck
Maple Finance by Castle Chronicle
Castle Labs believes that tokenization and onchain RWA will multiply significantly. Additionally, Castle thinks Maple Finance has the potential to be the future of onchain institutional asset management and capture this growth.
Read: Castle Cap on Maple Finance.
Ethena by @0xTindorr
@0xTindorr believes that Ethena’s 2025 roadmap has the potential to make the platform the centerpiece between DeFi, CeFi, and institutional collaboration.
Read: Ethena’s next $10 billion.
Disclaimer: Don’t forget to DYOR (Do Your Own Research), this is not financial advice.
4. Crypto Alpha and Analysis
Stablecoins Narrative
@HadickM on why stablecoins will be the cornerstone in the modern payment architecture and why legacy payment model is outdated.
Bullish Catalysts for the Market
@alpha_pls lists out what he thinks are bullish catalysts for the market. He thinks that short-term movement is irrelevant as the market will eventually recover.
3 Tokenless Apps to Try
@Alpha_pls choose 3 tokenless apps for users to try. These apps have a chance to distribute airdrop but as always, use it at your own risk and DYOR.
Market Insights from Joshua Deuk
@JoshuaDeuk, head of trade at Mozaik Capital, shares his market insights on where the market is heading and why he chooses ETH over SOL.
Raoul Pal on BTC and Global Liquidity
@RaoulGMI share his thoughts on the price action of BTC and its correlation to global liquidity.
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In addition to trading, Pintu also allows you to learn more about crypto through a wide range of articles on Pintu Academy, updated weekly!
All articles from Pintu Academy are intended for educational purposes only and do not constitute financial advice.