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 closed the week at $64,385, up 4.0%, snapping a four-week losing streak after Trump declared the US-Iran war ended and the BTC ETF outflow streak broke.</li><li>May headline CPI hit 4.2%, the highest reading since April 2023, and PPI surged to 6.5%, but markets shrugged off the in-line CPI print.</li><li>US spot Bitcoin ETFs absorbed $85.85 million on June 12, ending a 5-day outflow streak with BlackRock’s IBIT leading inflows.</li></ul>

Bitcoin closed the week at $64,385, up 4.0%, snapping a four-week losing streak after Trump declared the US-Iran war ended and the BTC ETF outflow streak broke.May headline CPI hit 4.2%, the highest reading since April 2023, and PPI surged to 6.5%, but markets shrugged off the in-line CPI print.US spot Bitcoin ETFs absorbed $85.85 million on June 12, ending a 5-day outflow streak with BlackRock’s IBIT leading inflows.

<ul><li>Bitcoin closed the week at $61,892, down 16.4%, after Strategy disclosed its first net BTC sale since 2022 and Iran-Lebanon tensions reignited.</li><li>Strategy sold 32 BTC at $77,135 average to fund preferred-stock dividends, breaking its never-sell doctrine and dragging MSTR shares 14% lower.</li><li>US spot Bitcoin ETFs extended outflows to 13 sessions, with roughly $4.4 billion withdrawn since May 15.</li></ul>

Bitcoin closed the week at $61,892, down 16.4%, after Strategy disclosed its first net BTC sale since 2022 and Iran-Lebanon tensions reignited.Strategy sold 32 BTC at $77,135 average to fund preferred-stock dividends, breaking its never-sell doctrine and dragging MSTR shares 14% lower.US spot Bitcoin ETFs extended outflows to 13 sessions, with roughly $4.4 billion withdrawn since May 15.

<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. 

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)

Crypto Rallies on Peace Not Yet Inked

Bitcoin closed the week at $64,385, up 4.0%, snapping a four-week losing streak after Trump declared the US-Iran war ended and the BTC ETF outflow...

Coinstack

Someone Wants Satoshi's $285 Billion

Bitcoin closed the week at $61,892, down 16.4%, after Strategy disclosed its first net BTC sale since 2022 and Iran-Lebanon tensions reignited.

Coinstack

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

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