Market Trends & Geopolitical Uncertainty - Bitcoin price experienced volatility, dipping below $100,000 for the first time since May due to geopolitical tensions, particularly in the Middle East, but recovered overnight [1][2] - Geopolitical uncertainty, especially regarding potential closure of the Straits of Hormuz by Iran, is driving market sentiment and volatility [1][3] - The market is also concerned about a potential summer lull, which could lead to apathy and attrition in the markets [2] Bitcoin Treasury Strategies - Bitcoin treasury strategies are gaining traction, with altcoin projects like Cardano and Polkadot considering converting portions of their treasuries into Bitcoin [1][5] - MicroStrategy continues to accumulate Bitcoin, with Michael Saylor purchasing an additional 245 BTC, while MetaPlanet bought 1,111 BTC [2] - Anthony Pompiano announced a $1 billion merger to launch Pro Cap Financial, a Bitcoin native financial firm going public via SPAC, with $750 million raised for Bitcoin Treasury Services [5] Altcoin Project Strategies - Cardano proposed converting 5% to 10% of its $17 billion treasury (approximately $100 million) into Bitcoin and native stablecoins to boost DeFi liquidity [5] - Polkadot has a community proposal to convert 500,000 DOT into TBTC over a year using a DCA strategy to diversify the treasury [6] Economic Indicators & Fed Policy - The FOMC meeting held rates constant, with the dot plot indicating a median expectation of two rate cuts this year, but seven governors expect no rate cuts [1] - The short-term holder realized price level for Bitcoin is at $98,200, serving as a key support level to watch [2] - The market is anticipating the Personal Consumption Expenditures (PCE) index, the Fed's preferred inflation measure, with expectations of a slight increase in both headline (23% expected vs 21% previous) and core (26% expected vs 25% previous) year-on-year numbers [9] Crypto Security & Scams - A crypto native individual lost half of their life savings due to a sophisticated phishing attack involving a fake Zoom update [7] - The industry emphasizes the importance of hardware wallets, separate devices for crypto activities, and skepticism towards unsolicited contacts to prevent scams [7][11] Top Performing Cryptocurrencies - Among the top 100 cryptocurrencies by market cap, only two saw gains last week: Kaya and Sei [7] - Kaya has seen integrations, launches, and campaigns, while Sei has moved to being fully EVM compatible [7] Upcoming Events - Potential Fed meeting on Supplementary Leverage Ratio (SLR) exam, which could loosen lending restrictions for banks [9] - Launch of the XRP EVM sidechain is expected in Q2, potentially announced at ETHCC in Paris [9] - Heptos is scheduled for fungi assets migration on June 30th [9]