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I go away for two weeks and what did you guys do to this place?

Twitter said the one-week Stochastic RSI cross above its signal line will send us to the moon while YouTube says the one-day death cross will destroy us all. But Bitcoin’s price is down 15% since the last Stochastic RSI cross, and the last one-day death cross led to a 150% rally over six months!

So confusing.

Hopefully, last week’s market update cleared things up. Make sure you got it!

We need Bitcoin to take one key step before we can talk about new all-time highs, moon, Lambo, etc. Premium subscribers, you know what that is. Until then, keep your expectations in check!

Look for a new altcoin report this month and more goodies later this year. Scroll down for some content you may enjoy.

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Chart of the Week

Ripple ordered to pay $125 million in penalty for improperly selling XRP tokens

Bottom line: a US court ordered Ripple to pay a civil penalty of $125 million for selling XRP to institutional investors, a fraction of the $2 billion that US regulators wanted. The judge found no evidence of substantial losses, fraud, or bad conduct.

My take: US regulators lose another court case? No surprise. They’re fighting an uphill battle. The XRP token is still useless, but the market will eventually figure that out. Meanwhile, US regulators show they’re powerless to stop crypto. Even when they win, they can barely collect what they’re asking for!

(Sadly, they can still make life hard for US-based crypto businesses and developers. This doesn’t change our investment opportunities.)

Why you should care: you won’t let the crypto fearmongers influence your opinions and decisions with stories about the US government crushing crypto.

The Dangers of Trending News Meme Coins

Web3Daily posted a heads-up about betting on Polymarket, political memecoins, and memecoins in general.

Catch their thoughts in their latest post.