Morning Brief · May 18

Bitcoin holds the 50-day moving average as ETF flows turn positive

Net spot ETF inflows resumed Tuesday after three sessions of outflows, helping BTC defend its 50-day MA at the close.

Ethereum supply turns deflationary again as gas burn accelerates

Higher base fees from sustained L2 activity tipped 30-day net issuance negative for the first time since the summer.

Solana DEX volumes hit a new monthly record amid memecoin flow rotation

Aggregate Solana DEX volume crossed $90B in the trailing 30 days, with memecoin trading driving the marginal increase.

Stablecoin supply hits new highs as USDC and USDT issuance accelerates

Aggregate stablecoin supply crossed previous peak, with combined USDC and USDT issuance accounting for the bulk of the move.

CFTC weighs new perpetuals framework — what changes for U.S. traders

A draft framework would create a regulated path for perpetuals to clear on U.S. venues. Here is what we know.

BTC options OI hits $40B as 90% of open contracts cluster around the round number

Open interest in BTC options has built into a multi-month peak ahead of next month's monthly expiry.

Ethereum Dencun Upgrade Drives L2 Activity to All-Time High

Ethereum Dencun Upgrade Drives L2 Activity to All-Time High. Full analysis and market breakdown. Bitcoin and Ethereum continue to show strength amid macro uncertainty. Institutional adoption…

SEC Approves Spot Ethereum ETFs: What It Means for Investors

SEC Approves Spot Ethereum ETFs: What It Means for Investors. Full analysis and market breakdown. Bitcoin and Ethereum continue to show strength amid macro uncertainty. Institutional…

Memecoins Rally: PEPE, WIF Lead Gains in Broader Altcoin Surge

Memecoins Rally: PEPE, WIF Lead Gains in Broader Altcoin Surge. Full analysis and market breakdown. Bitcoin and Ethereum continue to show strength amid macro uncertainty. Institutional…

Fed Chair Powell Signals Rate Cuts Coming: Crypto Markets React

Fed Chair Powell Signals Rate Cuts Coming: Crypto Markets React. Full analysis and market breakdown. Bitcoin and Ethereum continue to show strength amid macro uncertainty. Institutional…

DeFi Yields Climb as TVL Crosses $100 Billion Milestone

DeFi Yields Climb as TVL Crosses $100 Billion Milestone. Full analysis and market breakdown. Bitcoin and Ethereum continue to show strength amid macro uncertainty. Institutional adoption…

Post 6

BTC technical: 200-day reclaim sets up a test of the prior swing high

Two consecutive daily closes above the 200-day MA shift the relevant resistance one structural level higher.

On-chain: exchange BTC balance hits multi-year low — what to make of it

Exchange balances are not a magic supply gauge. Here is the nuance traders should hold in mind.

Macro: real yields, the dollar, and the case for ranging crypto

The cross-asset matrix is mixed. Here is how the desk reads it for crypto.

Technical Analysis: Bitcoin Key Levels for Q2 2025

Technical Analysis: Bitcoin Key Levels for Q2 2025. Detailed technical breakdown with charts and data. The 200-day moving average provides critical long-term support. Exchange balances continue…

On-Chain Analysis: Exchange Outflows Signal Accumulation

On-Chain Analysis: Exchange Outflows Signal Accumulation. Detailed technical breakdown with charts and data. The 200-day moving average provides critical long-term support. Exchange balances continue to decline,…

Macro Analysis: Fed Policy Pivot and Crypto Correlations

Macro Analysis: Fed Policy Pivot and Crypto Correlations. Detailed technical breakdown with charts and data. The 200-day moving average provides critical long-term support. Exchange balances continue…