Cryptonews

News from the mysterious Bureau of Economic Analysis lands like a letter from Willy Wonka: consumer spending went up 0.7% last month—after inflation was sprinkled in, of course. Meanwhile, the Fed’s favorite inflation measuring stick held perfectly still for the first time in nearly a year, which, frankly, shocked everyone so much they nearly spilled their Oompa-Loompa themed coffee mugs. The “core PCE,” which has nothing to do with pie, stayed put—a feat not seen in almost five years. If accountants had a parade, they’d be throwing confetti right now. 🎉

Ripple (XRP), ever the overachiever in adversity, tumbles nearly 2% to $2.24 and broods there like a Dostoevsky character contemplating a duel. Solana (SOL) continues its tragic romance beneath $150 after an anemic decline. Dogecoin, meanwhile, proves there’s more gravity in memes than at a Moscow poetry reading, down over 2%. Cardano (ADA), Chainlink (LINK), Stellar (XLM), Toncoin (TON), Hedera (HBAR), Polkadot (DOT), Litecoin (LTC)—all have decided, as if by secret agreement, to explore the underside of the market’s bruised foot.

Beneath the glare of his orange sun, a new gospel is preached: “Tariffs will rain, and out from the soot, our country—our paradise of caviar dreams and cheeseburger realities—will erupt into bloom.” Somewhere in the steppes of the blockchain, crypto miners pause, wondering if they should trade GPUs for loaves of bread and stories of longing.

Fifteen platforms, each presumably basking in the illusion of impenetrable security, fell victim to a crime spree with all the subtlety of an elephant in a porcelain shop. For those who recall March’s paltry $41 million in loot, this marks a 124% leap—proof, if proof were needed, that innovation in digital theft proceeds at a brisker pace than innovation in defense.

Meanwhile, as my actual bank account continues its slow and steady marathon to nowhere, BeInCrypto (basically the Bridget Jones of the blockchain world) poured tea on two other meme coins that drama queens—I mean, investors—should watch at critical levels.

Oh, and before you think the crypto market might be recovering, don’t get your hopes up—only one of the 20 assets is trading higher. It’s practically the market version of a participation trophy. 🎉

Meanwhile, the price is playing it cool just below the big resistance line. Bulls are out there, quietly scooping up coins like they’re on sale. As of now, BTC is at $94,650.57—down by a measly 0.18%. Not much to cry about, right?

First, we got the ADP jobs numbers for April. They came in—well, let’s just say underwhelming. Only 62,000 private sector jobs? Everyone expected more like 108,000. This is the weakest since, you guessed it, July 2024. But hey, it’s not like we have better things to do, right?

Silo is now strutting its stuff as a top 20 lending protocol by Total Value Locked (TVL)—which, for those keeping score, is somewhere between “look at all that money!” and “wait, does anyone actually understand these charts?” With its shiny new version on the Sonic network (no blue hedgehogs were harmed), Silo is claiming smoother, safer, and friendlier lending. In other words, “We’ve made the buttons easier to click.”

A letter from the authorities—written in the language of bureaucratic hope, as dry as week-old borscht—announced the city’s brave entanglement with digital gold. The world’s governments, fat and heavy, sleepwalk toward Bitcoin: Roswell simply tripped over a bunch of satoshis on the way to breakfast and decided to keep them under the municipal mattress.