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- Crypto Saving Expert Newsletter - Issue 149
Crypto Saving Expert Newsletter - Issue 149
Good morning! Bitcoin is holding firm despite global turmoil - is it finally becoming a risk-off asset? Let’s break down BTC, ETH, Circle, and the key levels to watch this week 👇
Table of Contents
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Bitcoin Awaits The Next Move
Bitcoin continues to consolidate a couple of thousand dollars below its all-time high, with a failure to break downwards, but also cannot gain momentum to push to new highs.
Bitcoin
Bitcoin has mostly consolidated for the past week, creating peaks and troughs with no follow-through at either end.
In the meantime, Stonksy has traded bitcoin superbly during these rallies and dips, showcasing the ability to trade any market, even the sideways and dull periods.
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Bitcoin Weekly
The bitcoin weekly chart is beginning to look very similar to the 2021 structure.
As seen, there is a clear consolidation period on the first run up, followed by a drop down, a further consolidation before entering a strong run upwards.
It is also similar to how bitcoin has yet to confidently break the all-time high, just pushing through the previous, like in 2021.
To break this pattern, bitcoin will need to regain bullish momentum.
Ethereum
Ethereum performed a high time frame liquidity sweep last week, which was the key we had covered.
Ethereum failed to push through with momentum and has fallen back into the trading range, offering a cap on up and down price action.
ETH must break through that region if it is to head to $3,300.
Circle
If you missed it, Circle, the issuer of USDC, had its IPO in early June.
Thus far, it has been a very successful IPO, with the price pushing on 144% from listing.
This sign of strength demonstrates the desire for crypto-related stocks on Wall Street, and offers a nostalgic vibe of how altcoins used to perform on new exchange listings or token launches.
Fear & Greed Index
The Fear and Greed Index resides at 68, remaining within the Greed section.
With bitcoin’s lack of movement, the Index has not changed for many weeks now. The next bitcoin move is likely to affect the Index drastically, whether it be up or down.
Important Dates
Tuesday 17 June, 12:30 UTC - US Retail Sales
The retail sales data is published by the Census Bureau and comprises two pieces of data: the month-over-month (MoM) and the control group.
The MoM figure measures the monthly changes in retail sales, demonstrating consumer confidence to spend money in the economy. This figure is forecast at -0.7%, with the previous figure at 0.1%.
The second figure is the control group, which measures the entire industry sales and estimates the personal consumption expenditures (PCE) for goods. The control group data is not forecasted, but the previous data came in at -0.2%.
Wednesday, 18 June, 18:00 UTC - Fed Interest Rate Decision
The Federal Open Markets Committee meeting occurs eight times a year. The Fed meets to discuss recent economic data and the strength of the US economy before deciding whether it should increase, decrease, or leave rates unchanged.
The Federal Reserve is composed of a Board of Governors that assists its Chair, Jerome Powell, in making interest rate decisions and steering the US economy.
At 18:00 UTC, the Fed will announce its interest rate decision. Afterwards, a press conference will begin at 18:30, where Powell will conduct a 30-minute speech before taking questions from the press.
Gainers
Losers
Pump.fun & Founder Suspended on X: Trouble Ahead for Memecoin Launchpad?
Pump.fun, a leading Solana memecoin launchpad, and its co-founder have been suspended from X. Speculation points to API abuse and regulatory storms, just weeks before a major token launch.
TL;DR:
⛔️ Pump.Fun’s X account and founder Alon Cohen have been suspended, alongside ~19 other crypto accounts.
🤔 Likely due to unauthorised API use or mass reporting—X cites violations of its rules.
📊 Pump.fun enables instant memecoin creation on Solana, has faced pump-and-dump allegations, and planned a $1bn PUMP token launch.
🙅 The suspension threatens its communications platform, token launch, and user trust.
🚫 X Suspensions Hit Hard
On June 16, X (formerly Twitter)suspended the official Pump.Fun accountand that of its co-founder,Alon Cohen.At least 19 other crypto-related accounts, including GMGN, BullX, Bloom Trading and Eliza OS, were also taken down.
X displayed no specific reasoning, blaming only “violations of the X Rules.”
Multiple sources suggest the suspensions may stem from:
👉 Use of unofficial third-party APIs to scrape data—banned since Jan 2023 unless paid for (X’s API starts at $60k/year).
👉 Others speculate about mass reporting or early SEC regulatory pressure.
A X user dubbed “Otto” noted Pump.Fun vanished “no warning, no statement, no arrest”—just a sudden blackout.
🪪 What is Pump.Fun?
Pump.funis a Solana-based memecoin launchpad, enabling users to create tokens instantly—often free—with high failure rates.
Founded in January 2024 by Noah Tweedale, Alon Cohen, and Dylan Kerler, it quickly became known as the “ground zero” for memecoin mania.
By mid-2024, it had processed oversix million token launches and generated $60m+in fees.
Its livestream feature, introduced in 2024, allowed token creators to market directly, though it led to controversy and was shut down amid community backlash.
💣 Facing Lawsuits and X Suspensions
Pump.fun was already under fire—a January class-action lawsuit claims it facilitated unregistered securities in pump-and-dump schemes and collected nearly $500m in fees.
Now, its X profile is gone just before a planned $1bn token sale (the “PUMP” token), raising suspicions that the blackout is strategically timed. Suspension just before an airdrop could disrupt marketing, erode trust, and impact token performance.
🔄 What Happens Now?
👉 GMGN says it is appealing its suspension via Telegram.
👉 Pump.fun has not issued a public statement, but its website remains operational.
👉 If API violations are to blame, similar tool providers using unofficial access may be next.
👉 Regulatory scrutiny (e.g., alleged SEC investigations) remains unconfirmed, but rumours persist.
🧭 Final Take
The Pump.Fun X suspension shines a spotlight on thefragility of crypto platforms reliant on centralised communication channels. With its core marketing hub gone, a looming token launch, and legal battles brewing, its future momentum is in jeopardy.
This incident also highlights broader industry challenges:
👉 The urgency of API compliance and rule transparency
👉 Regulatory focus onmemecoin launch mechanics
👉 The necessity fordiversified communication strategies
Iran–Israel Tensions Trigger Bitcoin Dip: Are Safe-Haven Bets Fading?
Escalating Iran–Israel conflict triggered a sharp Bitcoin drop as traders liquidated positions. We break down the geopolitical backdrop, historical context, and whether BTC can recover.
TL;DR:
📉 Israeli airstrikes on Iran ledbitcointo tumble ~2.8%, erasing ~$428m in long positions.
💥 Likely triggers a flight to safe-haven assets like gold and oil, but past patterns show BTC can rebound.
📆 HistoricalIran–Israel tensions stretch back to 1979, with decades of proxy wars and mutual hostility.
🤔 Experts note that Bitcoin has outperformed gold and oil in the past 48-hour shock windows.
📊 Watch whether BTC reclaims $110K or retreats further toward $100k.
📉 Bitcoin Crashes Amid Airstrikes
Israel launched airstrikes on Tehranaround 22:50 UTC on Thursday, claiming attacks on Iran’s nuclear infrastructure.In response,Bitcoin fell 2.8% from $106,042 to $103,053 in just over 90 minutes, wiping out approximately$427min liquidated long positions.
Global crypto markets are feeling the pressure. Bitcoin briefly dropped below $103K, triggering a broader wipeout across altcoins and leveraged positions.
🛡️ Safe-Haven Shuffle: Gold Surges, Bitcoin Sold Off
As geopolitical risk spiked, markets rotated toward traditional safe havens.Gold prices rose ~1.4%, and oil surged 11%in the past 24 hours.
Yet crypto commentator Anthony Pompliano argues that Bitcoin has historically outperformed during similar crises. He pointed to the October 2023 Iran–Israel exchange, where BTC fell ~3% initially but then rallied sharply over the following 48 hours.
🕰️ Historical Context: Iran vs Israel
Tensions between Iran and Israeldate back to the1979 Islamic Revolution, when Iran flipped from a covert ally to a vocal adversary of Israel. Over decades:
⚔️ Iran-backed groups like Hezbollah and Hamas are against Israel.
⚔️ Israel has executed countless airstrikes and sabotage operations targeting Iranian nuclear capabilities and proxy networks.
⚔️ Proxy warfare escalated through drone strikes, cyber attacks, and the Israel–Iran direct military engagement last year.
The Operation Rising Lion airstrikes are the most severe direct strikes to date. Iran has vowed severe retaliation and has since deployed over 100 drones in response.
🧭 What This Means for Bitcoin
✅Notable Takeaways:
👉 The immediate sell-off reflected crypto’s risk-off sensitivity.
👉 Eyes on next 48 hours: history suggests BTC could bounce as initial shock fades.
👉 If gold and oil continue outperforming, crypto may lose safe-haven appeal temporarily.
👉 Geopolitical escalation, such as a full drone or missile war, could mean deeper pressure.
🔍 Critical Charts to Watch:
👉 BTC price vs Gold over 24–72 hours
👉 Liquidation heatmaps and leveraged positions
👉 Volume surges, a bullish rebound if BTC volume accompanies the bounce
🎯 Final Thought:
While geopolitical shocks are often disruptive, Bitcoin has proven surprisingly resilient in similar past events. If tensions remain contained, BTC may quickly rebound. But if conflict deepens — or volatility spikes — it could revisit the $100k psychological level or lower.
Altcoin ETF Summer? Solana, Crypto Bundles May Lead Next SEC Wave
Analysts say the SEC could greenlight altcoin and crypto basket ETFs by July, with Solana likely leading the charge in what may become a breakout summer for non-Bitcoin crypto ETFs.
TL;DR:
✅SEC may approve altcoin and crypto bundle ETFs as early as 2 July.
📈 Bloomberg gives 90% odds for crypto index fund approval.
💥 Solana and staking ETFs are at the front of the line, with updated SEC filings already requested.
🧺 Analysts say a “basket product” approach may be most appealing to institutions.
👀 Momentum is building for active cryptoETFs — including memecoin funds by 2026.
🔓 SEC May Open the Gates in July
According to Bloomberg analysts Eric Balchunasand James Seyffart, theUS Securities and Exchange Commission (SEC) could start approving crypto-tied ETFs beyond Bitcoin and Ethereum as early as next month.
“Get ready for a potential altcoin ETF summer,”Balchunas wrote on X, naming Solana (SOL) as the likely frontrunner.
Seyffart noted that the SEC may greenlight broad crypto index ETFs by 2 July, with a90% probability of approval. These funds would track multiple tokens, providing diversified exposure to the altcoin market.
🧺 Why Basket ETFs Might Be the Real Game-Changer
Speaking at Proof of Talk in Paris, 21Shares President Duncan Moir said that “basket products” could dominate the next ETF cycle:
“It’s like you don’t know which one is going to be the winner. So you buy a basket [of them all], it’s a no-brainer.”
With multiple fund issuers — including Grayscale and Bitwise — submitting crypto index ETF proposals, the competition is heating up fast. These bundled products could lower risk and appeal to institutional investors unfamiliar with navigating individual crypto assets.
⚡ Solana in the Spotlight
The SEC has reportedlyasked ETF issuers to revise theirSolana ETF filings, a strong sign that talks are progressing. If approved, Solana could become the first non-Bitcoin, non-Ethereum asset with a US-based ETF.
This comes amid fresh debate on whether staking-based ETFs — particularly those tied to Solana and Ethereum — can qualify under current ETF regulations.
Still, analysts say the conversations are real and advancing:
“Conversations around the nuances of staking Solana in ETFs are getting underway,” according to reporting from Blockworks.
🧪 What’s Coming Next: Active, Staking, and Even Memecoin ETFs
Beyond index funds and Solana, the next wave may include:
👉Staking ETFs: These could offer exposure to rewards generated from validating transactions, particularly in Ethereum and Solana networks.
👉Active Crypto ETFs: Expected to arrive first, these funds will allow managers to dynamically buy/sell altcoins.
👉Memecoin ETFs: Balchunas recently predicted that by 2026, we'll see ETFs specifically designed to actively trade memecoins like DOGE or PEPE.
🧭 What It Means for the Market
If the SEC gives the green light, this could spark:
📈 A surge in altcoin inflows via traditional finance rails
📈 Renewed institutional interest in non-BTC, non-ETH assets
📈 Greater regulatory clarity around staking and DeFi-linked ETFs
📈 Potential pricebreakouts for ETF-linked assets like SOL, XRP, and others
“This is the last step before all major brokerages offer direct spot crypto trading,”said ETF Store President Nate Geraci.
📉 Risks and Timeline
🔻 Solana, XRP, and staking ETFs still face regulatory scrutiny.
🔻 Final decisions on many filings may extend into Q3 or Q4 of 2025.
🔻 The SEC has not yet formally endorsed crypto staking mechanisms within ETFs.
🎯 Final Take
Crypto’s ETF revolution appears ready to move beyond Bitcoin and Ethereum. With broad-based index funds, Solana products, and active strategies entering the pipeline, summer 2025 could be the moment altcoins enter Wall Street’s mainstream.
But as with all things crypto and regulation:the timeline may slip, and the rules may shift.
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