Crypto Investing and Decentralized Finance, Coinstack

Coinstack

Crypto Investing and Decentralized Finance

Coinstack is published weekly by Ryan Allis. He was previously CEO and Co-founder of iContact and led the company from 300 employees, 70,000 customers, and $50M in annual sales and an exit for $169M. Ryan was an angel investor in SpaceX, LendingClub, Change.org, Kuli Kuli, and Catalant. Today, Ryan advises companies and governments on blockchain-related projects and is the Chairman of Hive.org, a global community of 3,500 purpose-driven leaders from 130 countries making a positive impact in the world. Ryan holds an MBA from Harvard Business School where he was Co-President of the Harvard Social Enterprise Club and a fellow of the Harvard Graduate School Leadership Institute.

Crypto

<ul><li>Bitcoin recovered from $68,270 to above $72,100 this week, buoyed by a brief US-Iran ceasefire that triggered $600M (April 8) in short liquidations before geopolitical uncertainty returned.</li><li>Bitcoin ETFs posted $471M in net inflows on April 6, the strongest single-day intake since February 2026, with ETFs now holding over 721,000 BTC collectively.</li><li>Strategy (formerly MicroStrategy) resumed buying, adding 4,871 BTC for $330M at an average price of $67,718, bringing total holdings to 766,970 BTC.</li></ul>

Bitcoin recovered from $68,270 to above $72,100 this week, buoyed by a brief US-Iran ceasefire that triggered $600M (April 8) in short liquidations before geopolitical uncertainty returned.Bitcoin ETFs posted $471M in net inflows on April 6, the strongest single-day intake since February 2026, with ETFs now holding over 721,000 BTC collectively.Strategy (formerly MicroStrategy) resumed buying, adding 4,871 BTC for $330M at an average price of $67,718, bringing total holdings to 766,970 BTC.

<ul><li>Bitcoin opened Q2 near $68,400 as tariff shock from the April 2 “Liberation Day II” reciprocal tariff announcement pressured all risk assets.</li><li>BTC dropped to $66,246 on the day of the tariff announcement and briefly traded below $66,000 before stabilizing near $66,500, closing the week down roughly 4.5% from its Q2 open amid elevated macro uncertainty.</li><li>Ethereum tested the $2,000 level and closed the week around $2,110-$2,129 (April 6), down 3.8% to 4.3%, continuing its structural underperformance relative to Bitcoin as BTC dominance climbed to 57.9%</li></ul>

Bitcoin opened Q2 near $68,400 as tariff shock from the April 2 “Liberation Day II” reciprocal tariff announcement pressured all risk assets.BTC dropped to $66,246 on the day of the tariff announcement and briefly traded below $66,000 before stabilizing near $66,500, closing the week down roughly 4.5% from its Q2 open amid elevated macro uncertainty.Ethereum tested the $2,000 level and closed the week around $2,110-$2,129 (April 6), down 3.8% to 4.3%, continuing its structural underperformance relative to Bitcoin as BTC dominance climbed to 57.9%

Digital Asset Management Firm, Etherbridge

Etherbridge

Digital Asset Management Firm

Etherbridge is a digital asset management firm investing in the value of information and trust

<ul><li>BTC and ETH have been in a bear market for six months, the broader asset class has been in a bear market since January of 2025.</li><li>The crypto obituaries are rolling in almost everyday now, as with every obituary before 2026, the narratives behind these calls are compelling, especially when weak price action lends them credibility.</li><li>I have been around long enough and heard enough of these arguments to know that betting against them is a solid strategy. </li></ul>

BTC and ETH have been in a bear market for six months, the broader asset class has been in a bear market since January of 2025.The crypto obituaries are rolling in almost everyday now, as with every obituary before 2026, the narratives behind these calls are compelling, especially when weak price action lends them credibility.I have been around long enough and heard enough of these arguments to know that betting against them is a solid strategy. 

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

<div><ul><li>2025 was a watershed year for the cryptocurrency industry, marked by a decisive shift from “regulation by enforcement” to a structured, legislative-first approach. </li><li>The US dismantled long-standing regulatory bottlenecks through the landmark GENIUS Act, which established a federal framework for stablecoins under banking oversight, and the repeal of SAB 121, allowing major banks to custody digital assets.</li><li>Legislative progress via the CLARITY Act and FIT21 finally drew clear jurisdictional lines between the SEC and CFTC, providing the industry with much-needed legal certainty.</li></ul></div>

2025 was a watershed year for the cryptocurrency industry, marked by a decisive shift from “regulation by enforcement” to a structured, legislative-first approach. The US dismantled long-standing regulatory bottlenecks through the landmark GENIUS Act, which established a federal framework for stablecoins under banking oversight, and the repeal of SAB 121, allowing major banks to custody digital assets.Legislative progress via the CLARITY Act and FIT21 finally drew clear jurisdictional lines between the SEC and CFTC, providing the industry with much-needed legal certainty.

Tech Talk: Crypto's Watershed Year : 2025 Review and 2026 Outlook - 5 February 2026

<ul><li>Coming in 2026, the crypto pendulum has swung firmly in the bulls’ favour.</li><li>Crypto is hated, dismissed, and back to being a contrarian asset class filled with uncertainty.</li><li>Prices, of course, continue to dictate sentiment, swinging opinion from ‘revolutionary technology’ to ‘nothing burger’. Humans gonna human.</li></ul>

Coming in 2026, the crypto pendulum has swung firmly in the bulls’ favour.Crypto is hated, dismissed, and back to being a contrarian asset class filled with uncertainty.Prices, of course, continue to dictate sentiment, swinging opinion from ‘revolutionary technology’ to ‘nothing burger’. Humans gonna human.

United States

Ethereum is an open-source, public, blockchain-based distributed computing platform featuring smart contract (scripting) functionality. It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network.

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Ethereum (XETUSD CURNCY)

Fear Hides the Smart Money

Bitcoin recovered from $68,270 to above $72,100 this week, buoyed by a brief US-Iran ceasefire that triggered $600M (April 8) in short liquidations...

Coinstack

Tariffs Struck. Bitcoin Held Firm.

Bitcoin opened Q2 near $68,400 as tariff shock from the April 2 “Liberation Day II” reciprocal tariff announcement pressured all risk assets.

Coinstack

It’s So Over, Right?

I spent last week with the team in Mauritius. We spent our time discussing market conditions and thinking about the path forward for the asset class

Etherbridge

Tech Talk: Crypto's Watershed Year : 2025 Review and 2026 Outlook - 5 February 2026

2025 was a watershed year for the cryptocurrency industry, marked by a decisive shift from “regulation by enforcement” to a structured, legislative...

Water Tower Research

2026 | Jan 26, 2026

Coming in 2026, the crypto pendulum has swung firmly in the bulls’ favour. Crypto is hated, dismissed, and back to being a contrarian asset class...

Etherbridge

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