Hey Crypto Addicts,

Trump landed in Beijing last night. His first visit to China in eight years. And the market has an opinion about it.

Trump arrived with Tim Cook, Elon Musk and Jensen Huang in tow. The agenda covers trade, tech, Taiwan and Iran. Specifically, Trump wants China's help reopening the Strait of Hormuz.

China wants rare earth concessions and AI chip access. Neither side is blinking easily….

The market risk here is real in both directions.

A successful summit could ease trade tensions, soften the dollar, and lift global liquidity conditions ~ all historically bullish for Bitcoin. A breakdown in talks, or a hawkish statement on Taiwan, could send risk assets sharply lower.

BTC is holding just below $80,000 this morning with the outcome genuinely uncertain…

Polymarket has the action. 74% odds Trump mentions Iran in bilateral meetings. 99% odds the two leaders do not kiss. Someone bet on the exact vocabulary Trump uses. This is 2026. 💀

The three questions this summit needs to answer: does a trade deal lift risk appetite, does China agree to pressure Iran on Hormuz, and does global liquidity loosen as a result.

Two days of meetings. Multiple outcomes possible.

$80K is the line. Beijing decides if it holds. ☕

What we’ve covered for you today:

X user @cprkrn bought 5 BTC in college when Bitcoin was $250 a coin. He then got stoned, changed his wallet password, forgot it immediately, and spent the next 11 years locked out of what is now worth $400,000.

He tried 7 trillion password combinations. Paid for professional recovery services. Nothing worked.

Last ditch effort: he dumped his entire old college computer into Claude.

Claude found an old wallet backup file buried in the data that predated the password change. The original mnemonic he had written in a notebook successfully decrypted it. Claude then debugged the recovery tool, converted the private keys, and output: "PRIVATE KEYS DECRYPTED! WE GOT IT!!! THE 5 BTC IS YOURS!" 👀

The post hit one million views within hours.

To be clear: Claude did not break Bitcoin's cryptography. It performed digital archaeology on unstructured old files and found what 11 years of manual searching missed.

The lesson: check your old computers before you sell them.

There may be a small fortune in a forgotten folder. ☕

DeFi Development Corp is the Solana version of Strategy. And it just reported earnings.

The headline number: SOL per share grew 108% year over year to 0.0670. That is the metric the company runs on. Not revenue. Not profit. Just how much Solana each share represents.

The Q1 loss was $83.4 million, almost entirely unrealised markdowns on SOL holdings as prices fell. The market shrugged…

Total holdings now sit at 2,294,576 SOL. The company also bought back $4.4 million in convertible notes for just $2.6 million, a 41% discount to par ~ accretive to both SPS and NAV per share.

June 2026 guidance is 0.075 SPS, about 12% above current levels. Long-term target: 1.0 SPS by December 2028. 👀

The honest context: debt sits at 130% of market cap and the average SOL purchase price was $108 per coin. SOL is trading at $91 today. The position is underwater.

The Solana treasury playbook is being run in parallel to the Bitcoin one.

Whether it works depends entirely on where SOL goes from here. ☕

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MAT Pumped 349%. Should You Care?

Matchain is an AI-powered zk-rollup on BNB Chain focused on decentralised identity and data sovereignty. It has 27 million wallets, a partnership with Paris Saint-Germain, and as of yesterday a market cap of under $3 million.

That last number is the most important one.

MAT pumped 349% in a single session on May 13, coinciding with CryptoQuant's Bull-Bear Market Cycle Indicator flipping green for the first time since March 2023. The altcoin rotation narrative caught a bid and MAT went along for the ride.

The honest context though: the token launched on Binance Alpha in June 2025 at an all-time high of $6.67, then collapsed over 99% to $0.036 by March 2026. A 349% move on a sub-$3 million market cap token is not the same as a 349% move on a liquid asset.

Thin volume can produce massive percentage swings in both directions. 👀

The Altcoin Season Index sits at 35, still well below the 75-point threshold that signals a genuine market-wide rotation. So this is not altcoin season. It is altcoin speculation.

There is a difference.

Proceed with serious caution and do your own research before touching anything with a $3 million market cap. ☕

The Future of Crypto Banking Is Here

While most people are still juggling wallets, exchanges, and banks… a small group is already moving faster with all-in-one crypto banking.

Veil Bank isn’t just another tool.

It’s a privacy-first omni-bank where you can swap, bridge, borrow, and spend ~ all in one place, without friction.

No delays. No unnecessary steps. No outdated systems holding you back.

The reality? The people who adopt better tools early are the ones who win long term. Everyone else catches up later… at a cost.

Don’t be the one still figuring it out when the edge is already gone.

👉 Get ahead here: https://veilbank.co/#products

Bitcoin At Resistance ?

Before everyone gets too comfortable calling the bottom, here is a reality check worth sitting with.

We are roughly 200 days into this bear market. Previous Bitcoin bear markets averaged 365 days. If history rhymes even loosely, we still have around 100 days left…

The honest counterarguments exist. Bitcoin's larger market cap compresses both upside and downside. Institutions are accumulating, and when big players enter early, bear markets get shorter. Both are real factors.

But calling the bottom at 200 days into a historically 365-day cycle is still a stretch.

The expected playbook: a local top is likely forming in the next one to two weeks, with a possibility it is already in. Price then rotates lower to clear un-swept levels below, with the primary institutional target in the $50,000 to $55,000 range. 👀

The mathematical bottom sits between $38,000 and $44,000, but a move that deep is not the base case.

The trade: take profits on swing shorts around $58,000 to $60,000, flip to longs, and add slowly as price consolidates.

The bottom is not in. But the real buying opportunity is getting closer.

Patience. ☕

Japanese Bitcoin treasury firm Metaplanet reported strong first-quarter operating results, with revenue rising more than 250% year-over-year and operating profit jumping over 280%. However, the company still posted a massive net loss of roughly $725 million due to unrealized Bitcoin valuation

Bitcoin treasury firm Nakamoto reported a $238.8 million net loss in the first quarter of 2026 despite revenue surging to roughly $2.7 million as the company expanded its Bitcoin-focused operations.

Financial giant Charles Schwab has officially launched crypto trading access for its first group of retail clients, allowing eligible users to directly trade Bitcoin and Ethereum through its new Schwab Crypto platform.

👇 All completely free, one click to subscribe.

Every cheap BTC has a story… usually someone else’s fear…