Plus: Cetus got hacked... but they might get it back

GM. We peeled back the charts, found some juicy stuff, and resisted the urge to throw it all in a daiquiri. Barely.

🤔 Is the US gonna buy Bitcoin?

🍋 News drops: Cetus hack recovery, Trump's media company goes the Michael Saylor way + more

🍍 Market flavor today

Crypto Market Cap: $3.44T -0.56% (24H)
Name		Price	24H	7D
	Bitcoin BTC	$107,915.25	-1.47%	0.65%
	Ethereum ETH	$2,637.30	-0.43%	3.61%
	XRP XRP	$2.28	-1.92%	-3.87%
	BNB BNB	$682.81	-1.20%	4.32%
	Solana SOL	$172.11	-2.69%	1.73%

Americans are finally feeling a bit better about the economy.

In May, the Consumer Confidence Index increased to 98.0 - that’s a 12.3-point rise from April and way higher than the expected 86.0.

Most of the credit for this goes to the US and China agreeing to cut tariffs on May 12.

It was a much-needed change after five months of people feeling pretty down about where things were headed.

Now, here's why that matters: when people feel more confident about the economy, they’re more likely to spend. And when people start spending, some of that money often finds its way into crypto 😎

That said... retail investors aren't here yet.

According to CryptoQuant contributor Burak Kesmeci, even with Bitcoin hitting new all-time highs, transactions under $10K (which is how they track retail activity) haven’t really moved much.

That tells us the current rally is probably driven by institutions and whales.

Which isn't unusual - in fact, most major bull runs start this way. But for the price to really explode, retail investors usually need to join.

In the meantime, trader Daan Crypto says we gotta watch the $106K and $111K levels - both loaded with liquidity.

Translation: there are a lot of buy and sell orders sitting 'round there.

And these levels act like magnets - the high activity can pull the price in.

So if Bitcoin gets anywhere close, don’t be surprised if things start moving fast.

👀 Googling others? They’re Googling you too

Old accounts, forgotten tweets, weird photos - your digital trail is longer than you think.

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First impressions are made online, so make yours count!

🥝 Memecoin harvest

If gains were a crime, today’s list would be on a wanted poster 😈

Data as of 04:50 AM EST.

Check out these memecoins and plenty more here.

👀 1M BTC

It’s Day 2 of the Bitcoin 2025 conference (aka the biggest Bitcoin event in the world).

Day 1 brought us a heated debate over Proof of Reserves.

(We covered it yesterday - if you missed it... rude 🤨 Go fix that.)

And today? We got served big dreams.

Not one, but two government officials hinted that it’s possible the US might start buying Bitcoin.

As you prolly know, Trump has signed an executive order establishing a strategic Bitcoin reserve.

People were initially hyped about it... until they realized the reserve is funded with seized assets.

Which, don’t get me wrong, is cool - but it’s not exactly something that could pump Bitcoin's price.

You know what would, though?

BUYING 1 MILLION BITCOIN!!! LET'S GOOOOO!!!

Jokes aside - this actually isn't some delusional, hopium-driven thought.

Buying 1M BTC over the next five years is actually part of the BITCOIN Act, introduced by Senator Cynthia Lummis, who spoke at the conference.

And she said Trump supports the bill 👀

On top of that, White House AI and crypto czar David Sacks said that while he can’t promise anything, there is a way for the government to buy more Bitcoin.

Sacks explained that it really comes down to whether the Treasury or Commerce Department gets on board - if they do and sort out the funding, they already have the president's approval to move forward.

Keep in mind, though: it's just talk for now.

But if this ever happens - if the US actually buys 1M BTC (aka 5% of the total supply)...

Let’s just say… being bearish at that point would be insane.

🧃 Sip of gains

MEXC and TON teamed up for one wild crypto collab.

BitDegree saw it and went: "Damn. People HAVE to know about this."

And boom - the TON Triumph: Zero Fees & Big Prizes on MEXC Mission dropped!

What’s in it for you?

💸 Zero-fee trading on select TON pairs

💰 A juicy $1,000,000 prize pool

🏆 Up to 1,300 Bits

It all ends June 20, so don’t wait around!

🍋 News drops

🗳 Cetus wants to recover $162M from a recent hack. If the community approves, the two hacker-linked wallets will move the funds into a multisig wallet controlled by Cetus, the Sui Foundation, and OtterSec.

🇸🇻 The IMF agreed to give El Salvador $120M - but only if it stops buying Bitcoin and gives up control of the Chivo wallet by July.

👋 Fashion-tech brand 9dcc is shutting down soon. It sold NFC-chipped clothing tied to Ethereum NFTs, an idea the company's founder, gmoney, still thinks was good - it's just that the timing wasn’t right.

🚔 A Russian man was arrested in South Korea after a failed attempt to steal $730K during a fake peer-to-peer crypto trade. He’s one of three suspects.

🚀 Trump’s media company, which owns Truth Social, raised $2.5B. For what? To buy Bitcoin.

🍌 Juicy memes