Hey Crypto Addicts,

Today is May 22. Bitcoin Pizza Day. The most delicious and most painful anniversary in crypto history.

Sixteen years ago today, programmer Laszlo Hanyecz paid 10,000 BTC for two pizzas from Papa John's in Jacksonville, Florida. The pizzas cost roughly $41 at the time.

At today's Bitcoin price, those two pizzas are now worth approximately $770 million.

Laszlo has never expressed regret. He has consistently said the transaction proved Bitcoin could function as real currency for real purchases.

He was right about that part.

The part where he was slightly less right was the $770 million topping situation.

Bitcoin Pizza Day is celebrated globally as a reminder of two things. How far Bitcoin has come from its humble origins. And that nobody in this industry should ever feel too bad about their own worst trade.

Laszlo set the bar.

It is very, very high. Happy Pizza Day. Spend your Bitcoin wisely today. ☕🍕

Bitcoin is grinding sideways. Two altcoins did not get the memo.

Hyperliquid hit a new all-time high near $63 before pulling back to $59, driven by record ETF inflows and Arthur Hayes publicly targeting $150 by August 2026. 👀

The honest caveat: RSI pushed above 76 into overbought territory. A confirmed sell signal could trigger a retracement toward $40.

Zcash surged from $200 all the way to $646 after the SEC closed its investigation into the Zcash Foundation without enforcement action, removing a regulatory cloud hanging over the project since 2023. 💀

ZEC's RSI also above 70. Key support at $600 to $629. Hold it and analysts see $730 to $750. Lose it and profit-taking accelerates.

Both rallies are real. Both look stretched.

Capital is rotating into previously neglected assets. These moves can last longer than expected. But when leverage overheats and spot demand fades, they reverse sharply.

Enjoy the party. Watch the door. ☕

SpaceX does not list until June 12. Every major crypto exchange has already found a way to trade it anyway.

Bitget, Binance, Bybit, OKX and Hyperliquid have all launched SPCXUSDT pre-IPO perpetual contracts, giving traders leveraged exposure to SpaceX's valuation before a single share hits the Nasdaq. Bitget offers 5x leverage. Bybit went up to 10x. Binance debuted with $46 million in 24-hour volume on day one.

The contracts are synthetic perpetuals. No actual SpaceX shares are bought or sold. Prices track private funding data and market sentiment before converting to standard market tracking on IPO day.

SpaceX is targeting a valuation of $1.75 to $2 trillion, plans to raise approximately $75 billion, and holds 8,285 BTC worth $637 million on its balance sheet. If it prices at the top end, it becomes the largest public listing in history.

Historically SpaceX exposure was locked behind accredited investor requirements and VC access. Crypto just opened it to anyone with a USDT balance.

June 12 is three weeks away. The speculation has already started.☕

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Trump Media Dumping

On Bitcoin Pizza Day, Trump Media decided to move a very large slice of its Bitcoin to Crypto.com. Fitting.

A wallet linked to Trump Media deposited 2,650 BTC worth $205 million into Crypto.com, according to on-chain data from Arkham. Whether this is a sale, OTC deal or custody reshuffle has not been officially confirmed.

What is confirmed is the financial picture behind it.

Trump Media originally accumulated 11,542 BTC at an average cost of $118,522 per coin, spending approximately $1.37 billion. At today's price, the remaining 6,889 BTC is worth roughly $532 million. Total unrealised losses sit at approximately $455 million. 💀

This is the second major outflow this year. Four months ago 2,000 BTC worth $175 million left company wallets. The treasury has been cut from 11,542 BTC to 6,889 BTC.

Trump Media reported a $405.9 million net loss for Q1 2026, with $368.7 million tied to unrealised crypto markdowns.

Of the remaining 6,889 BTC, 4,260 are pledged as collateral for convertible notes. The economically free position is a fraction of the headline number.

The President's media company bought Bitcoin near the top. It is quietly reducing exposure.

On Pizza Day. ☕

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

The Final Leg Down?

Every Bitcoin bear market has one thing in common. The moving averages always have the last word.

History is clear on this.

In 2018, Bitcoin bottomed exactly at the 200 MA. In 2022, Bitcoin broke below the 200 MA and only found its floor beneath the 300 MA. Two different cycles. Same playbook.

Now in 2026, the levels are set.

The 200 MA sits around $61,400. The 300 MA sits around $54,500.

The higher timeframe structure has also turned bearish, adding further weight to the case for one more leg lower before a durable bottom forms.

If Bitcoin takes another leg down, the $54,500 to $61,400 zone becomes the primary area of interest. Not because of speculation. Because of historical precedent across multiple cycles.

This is the zone where accumulation has historically rewarded patient investors most.

A high volume reclaim of current levels would invalidate the setup entirely. But until that happens, this zone deserves respect.

$54,500 to $61,400. Mark it on the chart. ☕

Despite the XRP Ledger adding more than 4,300 new wallets within 24 hours, marking one of the network’s strongest growth spikes of 2026, XRP price action remains relatively stagnant due to strong overhead resistance and broader market caution.

Bitcoin’s recent 90-day uptrend is beginning to resemble the early stages of a bull market rally rather than a typical bear market bounce, according to new market analysis. Analysts point out that BTC has maintained an upward trend since bottoming near $60,000 in February.

The hacker behind the recent Verus Bridge exploit has reportedly returned around $8.5 million worth of ETH after negotiating a $2.8 million bounty agreement with the protocol team. The exploit initially targeted vulnerabilities within the cross-chain bridge infrastructure.

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Bitcoin please… can you stop creating emotional damage at 3AM? I’m trying to sleep, not monitor liquidation candles every five minutes.