Once an L1/2 has reached a number between 800m and 1.2b, this is usually the absolute top and it's more or less down only in the weeks to come.
Scroll, Linea, Zk Era, if you've been here for the past 2 years, you know this.
Yet, this time it is indeed different.
Hyperliquid.
President Trump Denies Gaining Financially from His Official Meme Coin
In a recent interview, President Trump denied receiving any profit from the Official Trump Meme Coin, launched by his team prior to his inauguration. Despite claims of substantial token transfers to exchanges possibly for sales, Trump insists he has not profited.
Launched just days before Trump's inauguration, the meme coin quickly became a global sensation, reaching over $70 in value and becoming the third-largest meme coin within a single day. However, controversy and the release of a subsequent Melania token led to a crash, with the coin dropping to under $8 by mid-April.
Despite this, Trump maintains he is not profiting from the coin. This has led to calls from Democrats for an investigation into the president and his team's involvement with the meme coin.
⚡️ Key events calendar for this week:
Monday, May 5:
🌏️ China, Hong Kong, Japan, UK - no trades
🇺🇸 US - S&P Services PMI (Apr) - 16:45
🇺🇸 US - ISM Non-Manufacturing PMI (Apr) - 17:00
Tuesday, May 6:
🇯🇵 Japan - No Trades (Greenery Day)
Wednesday, May 7:
🔥 US - Fed Rate Decision - 21:00
🔥 USA - Conference with J. Powell - 21:30
Thursday, May 8:
🌏️ Russia, Ukraine - no trades
🇺🇸 USA - Initial Jobless Claims - 15:30
🇺🇸 US - Fed Balance Sheet - 23:30
Friday, May 9:
🇬🇧 Russia - no trades (Victory Day)
One of the more subtle but troubling takeaways from Token2049 Dubai: too many teams are spending heavily at conferences with little regard for accountability or actual value creation. And this isn’t just limited to side events—what’s more concerning is the kind of personal expenses being claimed, often without much scrutiny or justification.
Yes, dinners, networking, and side events are an essential part of these gatherings. But what stood out to me was the almost complete absence of ROI thinking around these expenses. In some cases, it felt like spending was done for the sake of spending.
Now, defining ROI for conferences is tricky—it’s not always about direct returns. But that shouldn’t be an excuse for unchecked or outlandish costs. At the very least, teams should be asking: is this aligned with our broader goals?
Leadership has a key role here—not through micromanagement, but by establishing high level frameworks that guide how budgets are used and what success looks like. Without that, it's easy for good intentions to turn into expensive inefficiencies.
Personally, every time I attend a conference, I stay mindful of the cost my company is bearing. I always ask: what value am I creating in return? That mindset shouldn't be rare. It should be the baseline.
This is especially necessary for teams which are not generating revenue at the moment and require runway to find PMF and revenue in the long run.
Bitcoin, Ethereum, Ripple: Bulls apprehensive after major resistances rejected
Bitcoin falls below $94,000 on Monday following failure at a major barrier level on Friday.
Ethereum falls at $1,861, risking a bearish trend.
XRP falls below its 50-day EMA at $2.20, risking a plunge to $1.96.
Bitcoin (BTC) is at $94,000 on Monday following Friday's resistance rejection. Ethereum (ETH) and Ripple (XRP) followed BTC and were rejected from major resistance levels last week, suggesting a negative trend.
Bitcoin falls after its daily level of $97,700 is rejected.
Friday, bitcoin price tried and failed its daily resistance mark of $97,700. Over the following two days, it fell roughly 3%. As of Monday, it trades about $94,000.
BTC may correct to its next support level at $90,000 if it continues to fall.
BTC might go over its daily barrier at $97,700 to retest its psychological obstacle at $100,000 if it rebounds.
After retesting $1,861 daily barrier, Ethereum may correct.
On Friday, Ethereum price hit $1,861 barrier and fell 1.87% over the following two days. As of Monday, it trades about $1,795.
ETH may continue its slide to retest its psychological relevance at $1,700. A closing below this level might prolong the slide to $1,449, its next support level.
ETH might continue the climb to retest its psychological significance milestone at $2,000 if it breaks and closes above daily resistance at $1,861.
After falling below its 50-day EMA, XRP displays weakness.
After closing below its 50-day EMA at $2.20 on Saturday, XRP fell 2.26% the following day. As of Monday, it trades about $2.14.
If XRP keeps falling, it might reach $1.96.
However, if XRP breaks and closes above $2.20, it will surge to retest its March 24 high of $2.50 before hitting $3.00.
#BTC #ETH #xrp $BTC $ETH $XRP
$DOGE CRITICAL ZONE READY TO BOUNCE OR BREAK LOWER.
$DOGE has formed a clean structure on the 4H timeframe with major highs at $0.24290, $0.20759, and $0.20500, followed by a low at $0.17878. Price is now ranging between clear support (~$0.1640) and resistance (~$0.1860) levels.
The recent drop brought price back to the support zone, and we’re now seeing a small bounce forming. This range is key—any breakout will likely dictate the next major move.
#DOGE Key Zones:
Resistance: $0.1860
Support: $0.1640
Trade Setup (Bounce or Range Play):
Entry Zone: $0.1680 – $0.1720
TP1: $0.1800
TP2: $0.1860
Stop-Loss: Below $0.1630
If $DOGE holds support and breaks above $0.1800 with volume, expect bullish continuation. Otherwise, a breakdown below $0.1640 could drag it back toward March lows.
#USStablecoinBill
#MarketPullback
#StrategicBTCReserve
#EUPrivacyCoinBan
{spot}(DOGEUSDT)