The Art of Capitulation

In Partnership with $IO

Decentralized compute will be even more important in a post-tariff world, which is beautifully laid out by ELI5 here

The Art of Capitulation

Over the weekend, Trump announced tariff exclusions on semiconductor and electronic products, which sent BTC up to ~$84k or +6% on the week. Equity futures are up slightly on the exclusions (that Trump has partially walked back). But in general, the markets are viewing these exceptions as a Trump capitulation, which has been bullish for risk assets. ETH was flat at ~$1.6k while SOL jumped 21% on the week to $130 with SOLETH now at ATHs. S&P earnings will drive some equity moves this week with ~10% of the index reporting and Powell speaks on Wednesday.

BTC dominance is still basically unchanged at ~63.5% but alts broadly have been grinding up (outside of OM which went down 85% today on some sort of insider rug + they deleted the TG group). On the week XCN, Fartcoin, Jasmy and JNT were the strongest top 100 alts.

Chart of the Day with Vertex

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In smaller coins, the last week has been pretty good with RFC up 519%, ALCH up 143%, Housecoin up 234%, Buttcoin up 105% and POPCAT up 92%. Prompt launched and ran from ~$40mm to $130mm at its peak and there has been a few strong runners over the weekend including pppp (fartcoin beta) which hit $8mm and MUTUMBO which hit $8mm aths (currently $4m). Strength on the day came from usual suspects along with ReFi, Dark and Figure.

RFC has flipped Fartcoin in mindshare, and newer coins Figure and MUTUMBO were big mindshare gainers on the day.

Based on TG trench trading volumes, these last few days were a major improvement, basically doubling off the lows.

Interesting accounts getting smart follows:

• bigmachines

• FIGURE

• Bounce

• Autonomous Reserve System

• bariff

Methamorphosis Season 3 is Live!

SMART MONEY CORNER - Presented by chainEDGE

• Fartcoin and titcoin remain the highest smart $ positions by dollar value but MUTUMBO now has the top spot by number of smart holders

MEME OF THE DAY