Plus: Kidnappers thought he was rich… he wasn’t

GM. Markets are ripe and the vibes are good - grab a straw, this juice is freshly pumped.

👛 Bitget Wallet launches MoonPay fiat withdrawal.

🍍 Risk of BTC correction + signs of altseason.

🍋 SEC says sike, kidnappers pick the wrong guy + more

👛 Bitget Wallet's new feature

It's your friend's birthday. Ay, big day - you wanna make 'em feel special, so you invite 'em for lunch.

The lunch is on you, of course. You insist the friend doesn’t even bring a wallet.

In the morning, you quickly check your bank balance. Just to be safe…

And oh f*ck.

That tortilla-shaped blanket you "simply had" to get at 3 AM might've been more expensive than you thought.

You don’t have enough money in your bank account.

But hey - you do have a lot of crypto in your self-custody wallet. All you have to do is just send it to your bank.

Well... “just” is quite a strong word.

Moving your crypto to fiat isn’t so quick and easy - blockchains can only move crypto, banks only move fiat, and they don’t talk to each other directly.

So what do you do? You use a middleman - usually a centralized exchange - which is a whole process:

1️⃣ Send your crypto to the exchange → wait for blockchain confirmation.

2️⃣ Sell it on the exchange → wait for your order to fill.

3️⃣ Withdraw the fiat to your bank → wait for the transfer.

Best case, that might take half an hour. Worst case? A few days.

And if you’re paying for lunch soon… good luck...

... unless you've got Bitget Wallet’s new MoonPay fiat withdrawal feature to speed things up for ya.

Basically, it cuts out the middleman.

Instead of sending your crypto to an exchange first, you can now convert stablecoins straight to fiat right from your wallet - and into your bank account or card - all in one step.

Now, to be clear, it’s still not instant. You still need blockchain confirmation, and MoonPay still has to process the payment.

But it’s faster and simpler than the three-step process - and way more likely to get your fiat in time for the check.

That awkward moment of pretending it’s the card reader's fault your payment didn’t go through: avoided.

And it's not just about lunch money.

This launch shows there's a demand for simpler, safer ways to cash out crypto - without giving up control to an exchange.

The usual process is slow, clunky, and puts your money in someone else’s hands. Not ideal if you believe in “not your keys, not your coins.”

Bitget’s new feature proves you no longer have to choose between control and convenience - now you can have both 🤝

Self-custody wallets are evolving beyond just being a secure place to store crypto - they’re becoming practical tools you can actually use in everyday life.

After all, what’s the point of holding your own keys if you can’t even pay for your friend’s birthday lunch without sweating?..

🍍 Market flavor today

Crypto Market Cap: $3.90T -0.87% (24H)
Name		Price	24H	7D
	Bitcoin BTC	$118,052.23	-0.43%	-0.60%
	Ethereum ETH	$3,601.71	-2.08%	11.01%
	XRP XRP	$3.29	-5.89%	10.52%
	BNB BNB	$785.44	3.38%	12.13%
	Solana SOL	$191.37	-4.83%	14.59%

The crypto market feels like a shaken soda bottle - it's fizzing, but you're not sure if it's gonna pour smooth or explode when you pop the cap 🥤

Bitcoin hit a new all‑time high recently, and that woke the market up - CQ Research pointed out that exchange activity is on fire.

The biggest winner here was Binance. It posted the largest gains in both spot and futures trading, as traders rushed in to open long positions - aka betting that Bitcoin's price is gonna increase.

And what does that tell us?

Well, the main thing is that this isn’t just old holders moving their coins around - new money is coming into the market → bullish in the short term because it shows fresh demand.

But there’s also a flip side:futures long positions and leverage are piling up. The more leveraged the market gets, the more fragile it becomes - if the price drops even a little, it can trigger liquidations and sell‑offs.

So the rally still looks strong, but the risk of a correction is growing too.

The Bitcoin Quantile model also shows that the market's sitting in a high‑risk zone.

Still, Sina from 21st Capital says $120K has now become a strong support level - meaning there’s enough demand (from spot buyers, institutions, and traders) that Bitcoin probably won’t drop far below it.

As for altcoins:

👉 Solana went back above $200 for the first time since February;

👉 BNB surpassed $800 for the first time ever.

So… does this mean... altseason's starting?

Well, it definitely looks promising, but we're not fully there.

✅ Big altcoins are outperforming BTC on weekly charts → often how altseasons start.

✅ BTC is consolidating after making its all-time high → another sign of an alt season starting.

But…

❌ Bitcoin dominance (its share of total crypto market value) is 59%. That's still high. Altseasons are more likely when BTC dominance falls below ~50 - 52%.

So, we’re seeing the first signs of rotation into altcoins, but the market still needs to see BTC dominance start trending down before calling it a true altseason.

For now: cautious optimism!

🍋 News drops you can't miss

👀 Thinking about trying BYDFi? We tested it so you can see if it’s actually worth your time (and money).

🇬🇧 The UK wants to stop government services and critical national providers from paying off ransomware gangs. Meanwhile, private companies can still pay if they really have to - but they’ll have to tell the authorities first.

😐 The SEC approved Bitwise’s plan to turn its crypto index fund into an ETF... only to put it on hold a few hours later.

🕵️ US authorities have officially dropped their investigation into Kraken co-founder Jesse Powell - and even gave back the devices they took when they searched his LA home.

😬 Four people in London kidnapped a guy they thought was a successful crypto trader. Plot twist: he had $9 in crypto.

🥝 Memecoin harvest

If your brain starts leaking from your ears after reading this list, that's normal 🧠

Data as of 06:10 AM EST.

Check out these memecoins and plenty more here.

🍌 Juicy memes