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The Crypto Minute
Your Weekly Guide to Surviving the Crypto Rollercoaster.
CoinBrain
June 02, 2025 • Reading Time: 11 minutes
🎭️ Another week, another dose of crypto drama!
Anyone else feel suspicious about the market lately?
Something definitely is odd 🤔 Let’s get to the bottom of this and find out what you can expect next week.
Welcome to a new issue of Crypto Minute by CoinBrain!
⤵️ Today’s Agenda:
Banks are taking enormous interest in stablecoins, a Stripe exec claims.
FTX initiates second round of payouts, Netflix series is coming!
BlackRock’s BTC ETF is facing MAJOR outflows. Retail remains calm.
Ross Ulbricht speaks at Bitcoin 2025 in Las Vegas, goes philosophical.
And more…
📊 Market Snapshot
| $104,600BTC-2.6% | $2,500ETH-0.2% | $3.26TCrypto Market Cap-1.2% | 56 (Neutral)Fear & Greed Index-11 from last week |
📅 Crypto Events You don’t want to Miss
📌 Monday, June 2nd:
US ISM Manufacturing PMI (2:00 PM UTC)
The ISM (Institute of Supply Management) Manufacturing PMI (Purchasing Managers’ Index) gives us a peek into the performance of the U.S. manufacturing sector
⬆️ A higher-than-expected result typically suggests economic expansion = good for stocks, mixed for crypto (as it may hint at future rate hikes)
⬇️ Lower results = Traders might lean risk-on, + rates might go down to boost the economy
Fed Chair Powell Speaks (5:00 PM UTC) 🗣️
You know the drill: whenever Jerome talks, traders go bonkers.
📌 Friday, June 6th — US Jobs Data (12:30 PM UTC)
A trio of heavy-hitters lands together: Average Hourly Earnings, Non-Farm Employment Change, and the Unemployment Rate.
⬆️ Strong jobs data = more rate hike worries
⬇️ Weak data = potential Fed pivot talk
🐋Smart Money Tracker
Monday, May 26th: Top trader James Wynn closed $1B worth of $BTC short positions in a $15M loss.
Just a few hours later, he was back in the casino and continued to long $BTC with 40x leverage.
Tuesday, May 27th: This trader does the exact opposite of James Wynn’s trades and is up by $5.6M on this day.
Whenever Wynn went long, this one went short. Whenever Wynn went short, this one went long.
Sounds like a pro strategy to me! 😁
Wednesday, May 28th: James Wynn has wiped out almost all his profits on Hyperliquid.
It took him 70 days to go from 0 to $87M+ in profit, and only 5 days to lose almost all the $87M+ in profit.
Thursday, May 29th: This smart trader 0x15b3, who generated nearly $30M profit on Hyperliquid in less than 2 months with less than $3M capital!
While most were panicking, 0x15b3 created a new wallet and deposited 2.95M $USDC into Hyperliquid to go long on 16 tokens including $ETH, $SOL, $HYPE, $BTC, $ENS, and $LTC.
Their total profit so far: $29.76M
Friday, May 30th: James Wynn just got liquidated for 949 $BTC ($99.3M) as the price of $BTC dipped below $105,000.
He lost $99M+ in just one week!
Sunday, Jun 1st: Smart trader 0xaEbe is long $WCT and $SOPH.
This trader made 233 trades on Hyperliquid in the past week, with a win rate of 88.41% and a total profit of $184.7K
Source: Lookonchain
📰 News Recap (May 26th to June 1st)
🚀 BlackRock's Bitcoin Rollercoaster Hits the Brakes
After an absolutely ridiculous 31-day winning streak, BlackRock's Bitcoin ETF finally hit a speed bump with its biggest outflow ever.
$430.8 million flew out the door on May 30th!
Bitcoin ETF inflows and outflows on the last days of May. Source: Farside
But before you panic, remember this beast is still sitting pretty with around $70 billion in Bitcoin holdings since launching.
The sell-off isn't retail investors freaking out either, it's just the "quiet transfer of supply to the strongest hands."
Sometimes even the crypto king needs a breather! 👑
💰 FTX's $5 Billion Payout (With a Side of Netflix Series)
The FTX Recovery Trust is finally making it rain with $5 billion in creditor payouts.
Thanks to some questionable court math, creditors are only getting 10-25% of their crypto's actual value, calculated from when Bitcoin was a measly $16K. Ouch! 😬
Meanwhile, Netflix is turning this whole mess into entertainment gold with an 8-episode series called "The Altruists," produced by the Obamas' company.
Julia Garner will play Caroline Ellison, and Anthony Boyle will be Sam Bankman-Fried in what promises to be the ultimate crypto cautionary tale 🎬
⚡ Hyperliquid Becomes the DeFi Derivatives King
Move over, centralized exchanges, Hyperliquid just claimed 80% of the DeFi perpetual trading market and is coming for your lunch money!
This bootstrapped protocol (no VC money, thank you very much) has more than doubled its market share in just six months.
Source: The Block
While it's still "only" doing $165 billion compared to Binance's $1.7 trillion, that 9% market share is nothing to sneeze at.
With no KYC requirements and self-custody benefits, it's proving that DeFi can actually compete with the big boys.
The revolution will be decentralized! 🔥
🎤 Ross Ulbricht's Freedom Speech: Unity, Wasps, and Bitcoin
Silk Road founder Ross Ulbricht made his first public appearance on Bitcoin 2025 in Las Vegas since Trump pardoned him.
Using a wasp extermination analogy (seriously!), he explained how bitcoiners need to embrace "freedom, decentralization, and unity" to avoid getting taken down one by one.
His key takeaway: we need to have each other's backs, just like the community had his 🐝
⚖️ SEC Waves the White Flag on Binance
The SEC just pulled a classic "never mind!" move by dropping its massive lawsuit against Binance and CZ after nearly two years of legal drama.
In a joint motion filed with all the enthusiasm of someone admitting they were wrong, the SEC cited its new Crypto Task Force and decided dismissal was appropriate "as a policy matter."
Binance and SEC joint stipulation to dismiss. Source: CourtListener
Binance called it a "huge win for crypto" and thanked Trump and new SEC chair Paul Atkins for ending the "regulation by enforcement" era ❄️➡️☀️
🌍️ Story of the Week
Banks Are Getting VERY Interested in Stablecoins 🏦💰
Remember when banks used to roll their eyes at crypto? Well, plot twist! 👀
Stripe just spilled the tea ☕ on some pretty juicy conversations they've been having with banks about stablecoins. And spoiler alert: the banks are actually excited about it!
"We're Not Just Brushing This Away" 🙋♂️
2024 quarterly volumes of stables vs visa and mastercard
John Collison, Stripe's co-founder and president, basically confirmed what we've all been thinking – banks are done treating crypto like some weird internet fad.
"Banks are very interested in how they should be integrated with stablecoins into their product offerings," he told Bloomberg. Translation: They want in on the action! 🎯
Why Banks Are Suddenly Crypto Curious 🤔
Here's the thing that's got bankers' attention: traditional international payments absolutely suck.
Think about it:
Takes days to send money internationally 🐌
Costs a fortune in fees 💸
Everyone hates the current system (including the banks!)
Meanwhile, stablecoins are out here offering:
⚡ Instant transactions
💰 Way lower fees
🌍 Global reach
No wonder banks are taking notes! 📝
What do you think - are you ready for your bank to start offering stablecoin services? 🤷♀️
🔒 Major Token Unlocks of the Week
Everclear $NEXT- 3.8% of the total supply will enter circulation on Jun 5, 2025.
Galxe $GAL - 1.3% of the total supply will enter circulation on Jun 5, 2025.
Hashflow $HFT - 1.7% of the total supply will enter circulation on Jun 7, 2025.
Automata $ATA - 1.5% of the total supply will enter circulation on Jun 7, 2025.
Hypercycle $HYPC - 1.9% of the total supply will enter circulation on Jun 8, 2025.
Arbitrum $ARB - 1.2% of the total supply will enter circulation on Jun 8, 2025.
Explore more unlocks with full vesting details.
🗞️ From our Blog
💡 1 Minute Learning: Backtesting
Backtesting is the process of testing a trading strategy on historical data to see how it would have performed, without risking real funds. It’s like giving your strategy a time machine 🕹️🧪
🔧 How It Works
Define Rules: Example — Buy BTC when RSI < 30, sell when RSI > 70.
Apply to Historical Data: Use platforms like:
TradingView (with Pine Script)
Backtrader or QuantConnect (for Python nerds 🐍)
Analyze Results:
📈 Profitability: Was it net positive?
📉 Drawdown: How bad were the losses?
⚡ Win Rate & Risk/Reward Ratio: How consistent and risky is it?
⚠️ Watch Out!
Overfitting: Tuning your strategy too much to past data = disaster in live trading.
Data Bias: Poor quality or unrealistic data can skew results.
No Future Guarantees: Just because it worked in the past doesn’t mean it will again.
✅ Pro Tip: Combine backtesting with forward testing (aka paper trading) to validate performance in real-time.
And that’s a wrap! 🎉 Enjoyed this newsletter? Forward it to a friend, and let them know they can subscribe here.
Got any ideas or feedback? We’d love to hear from you! Drop us an email at [email protected].
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and not investment advice or a solicitation to buy or sell any assets or make financial decisions. Always do your own research and stay safe out there.