Plus: Vietnam made crypto legal

GM. Poured straight from the fruit press of financial absurdity - sip carefully, it’s got pulp.

🇻🇳 Vietnam legalizes crypto.

🏢 Institutional stablecoin adoption.

🍋 News drops: Michael Saylor's teaching Pakistan about crypto, Russia's paying spies in Bitcoin + more

🍍 Market flavor today

Crypto Market Cap: $3.36T 1.77% (24H)
Name		Price	24H	7D
	Bitcoin BTC	$107,016.57	1.56%	-0.23%
	Ethereum ETH	$2,628.53	3.48%	4.15%
	XRP XRP	$2.27	5.00%	1.08%
	BNB BNB	$653.76	1.29%	0.18%
	Solana SOL	$156.26	3.43%	1.29%

Markets were ready to pop off last week - until news dropped that Israel attacked Iranian nuclear sites and top military leaders.

Investors got spooked, so they started taking money out of riskier markets like crypto and putting it into more stable assets like gold.

That said...

👉 The Fear and Greed Index says we're still in Greed;

👉 Bitcoin has recovered from its drop to $103K.

So... if tensions are rising... why isn’t the market acting like it?

And it isn't just crypto, btw: according to the Kobeissi Letter, stocks are up, oil prices are only barely up (+0.5%), gold is actually down a bit.

If traders were really expecting a long, messy war, oil would’ve already shot past $100 a barrel. But right now, it’s still over 10% lower than last week’s high.

Same with gold - if markets were in panic mode, it’d be heading toward $4K an ounce.

However, neither is moving like that.

So, the takeaway from this situation? The market seems to think that this conflict probably won’t drag on.

That lines up with what some crypto traders are saying, too.

Sykodelic pointed out that, for now, the war headlines aren’t really doing much to the crypto market. Sure, we might get some short-term price swings if more news drops, but the long-term trend still looks steady.

He thinks the only thing that could really change things would be if the US got involved - but he sees that as super unlikely. Right now, the US has enough on its plate, and another war doesn’t seem like something it wants or can handle.

As for what to watch this week: if Bitcoin stays above $102K (a quick dip to $100K is fine), the rally’s still on. But if it drops below $100K and can’t recover, $96K might be next.

🥝 Memecoin harvest

The dumbest coins on the internet are having the smartest gains today 🤓

Data as of 06:20 AM EST.

Check out these memecoins and plenty more here.

🧀 Cheese adoption

This is probably controversial... and please don't judge me... but I spent most of my life hating cheese.

😳 I know, crazy.

But it just kinda became part of my identity at some point, and I didn't question it.

Until one day, like five years ago, I gave it another shot. And turns out... cheese slaps. I've become this now:

And you know what? I think countries are having their cheese moment - but the cheese is crypto. For example:

• Bolivia: banned crypto completely in 2014 → lifted the ban last year;

• South Korea: banned corporate involvement in crypto trading in 2017 → lifted the ban this year;

• Russia: was strongly against crypto for years → now the government supports it for foreign trade and is pushing laws to legalize crypto mining and export;

• Vietnam: banned crypto payments in 2017 → this:

They passed the Law on Digital Technology Industry this weekend, making crypto legal and setting up rules to cover stuff like storage, creation, and transfers.

It comes into effect on January 1, 2026 - and it matters.

Because it's another proof that crypto's becoming impossible to ignore.

And let’s not forget - Vietnam has one of the fastest-growing economies in Southeast Asia. When a country like that starts treating crypto seriously, it’s a clear step toward mainstream, global adoption.

Moral of the story? Cheese is good, crypto’s getting recognized, and it might be time to take a bite 🧀

💸 Stablecoins

Everyone keeps talking about how stablecoins are gonna be what takes crypto mainstream.

Tired of hearing that? Perfect - we’re gonna talk about it a bit more 😏

We’ve already mentioned the GENIUS Act making its way through the US Senate. If it passes, it would give stablecoins legal clarity, basically making them safer to use and easier for companies and banks to support.

But it’s not just governments getting serious. Big businesses are clearly catching on, too:

• Shopify is planning to launch USDC payments on Base via Shopify Payments and Shop Pay later this year;

• Walmart and Amazon are reportedly thinking about launching their own dollar-backed stablecoins. The idea is to let customers pay at checkout using these coins instead of traditional credit or debit cards.

Now, these aren’t your local corner stores. These are giants - Shopify leads in e-commerce platforms, Amazon's the world’s largest online retailer, and Walmart's the world’s largest retailer.

If they think stablecoins are worth building around, that’s a pretty loud vote of confidence.

And stuff like this doesn't just boost stablecoins - it helps the whole industry:

More stablecoins → more money on-chain → more trust, activity, and use cases → a stronger and more useful crypto ecosystem overall.

... So yeah, see why we can't stfu about it?..

🍋 News drops

😳 A crypto user lost almost $6.9M after buying a “discounted” cold wallet on Douyin (China’s TikTok). Turns out the private key was already exposed before they even got it.

🤝 Michael Saylor offered to help Pakistan develop its crypto strategy. He met with the finance minister and the country’s blockchain lead to talk about how Bitcoin could play a role in Pakistan’s economy.

🕵️‍♂️ Blockchain analysts working with Reuters discovered that Russia’s security agency has been sending Bitcoin to teenagers in Europe. Why? They were paid to collect information.

💰 Officials in Alabama helped recover over $125K in crypto for two people who got caught in online scams. One of the victims had met the scammer on Bumble.

🎓 A growing number of university students in the UK have been using AI tools to cheat on their assignments. A recent report confirmed nearly 7K cases of AI-related cheating during the 2023-2024 school year.

🍌 Juicy memes