In his “Bitcoin Morning Brief” of May 19th, Mr. Adler observes a most curious dichotomy. The Bitcoin Percent Supply in Profit has indeed staged a recovery most commendable, yet the Short-Term Holder SOPR remains obstinately reticent, suggesting recent purchasers are still clutching their coins with a lack of conviction most unbecoming of a bullish market.
Key Takeaways:
As a crypto investor, I’m really watching Tempo – it’s the stablecoin blockchain built by the team at Stripe and Paradigm. They just launched a lending marketplace powered by Morpho, which is a big deal. Before this, Tempo was only used for sending and receiving payments, but now it’s adding over $7.5 billion worth of decentralized lending capabilities. This expands what you can *do* with Tempo significantly, and I think it’s a positive step for the project.
Now, folks, if you think the whole drama about Ethereum falling behind Bitcoin is just another rattle and hum of numbers, you’d be as mistaken as someone who insists the Mississippi runs at full speed during a drought. The head honcho at JPMorgan has gone on record to say that the institutional plumbing-yes, the tubes that carry the money-has confirmed that Bitcoin has pulled decisively ahead on flows. Ethereum and the rest of the altcoin skin‑nerve up the chain is left gasping, with tremors echoing in the deeper corridors of the crypto kingdom.
On June 8, the Nasdaq CME Crypto Index Futures shall debut, a market-cap-weighted masterpiece that promises to offer institutional investors a regulated embrace of digital assets. Bitcoin, Ethereum, Solana, XRP, Cardano, Chainlink, and Stellar-all shall dance in this cash-settled waltz. Crypto sage Pumpius, ever the orator of the digital age, took to the modern pulpit of X to declare this a turning point, not merely for XRP but for the entire crypto cosmos. “XRP,” he intoned, “is no longer a speculative dalliance but a core holding in the portfolios of the mighty.” One can almost hear the echoes of his words in the marble halls of finance, a sardonic smile playing on the lips of history.
While the Turkish Justice Minister, the man who gets to crack the latest stone of a new contagium, called the four provinces “the new front line against rot,” he did so whilst scrolling through X, waxing lyrical about the perceived “future of our children and our economic security.”
He believes this technology could soon strengthen the security of cryptocurrencies. He explains that using AI to formally verify code might become a powerful way to prevent security problems in crypto and across the internet.
Amid this economic mambo, Bitcoin’s doing the pullback tango, all thanks to institutional demand taking a siesta and ETFs saying, “No más!” Outflows? More like out-wow, am I right? Bitfinex is waving its report like a red flag at a bull, shouting, “Higher-for-longer inflation!” Meanwhile, the Fed’s rate cuts are as likely as a snowball in Hades, and rate hikes are the new black.
So, Wintermute-the algorithmic trading firm that’s been moonlighting as a liquidity provider-decided to crash the DeFi vault party on May 19 with Armitage. Because, you know, why not? It’s 2026, and if you’re not launching a DeFi product, are you even trying? Armitage is all about accepting collateral types that other curators find too complicated or illiquid. Basically, it’s the Marie Kondo of DeFi: “Does this collateral spark joy? No? Armitage will take it!”
New data from Santiment shows there are now 20,229 Bitcoin wallets holding 100 BTC or more. This is an increase of 11.2% from the 18,191 wallets that held that amount a year ago.