Hello, and welcome to the Crypto Morning Brief, a clear and clutter-free look at all the latest crypto market news, today.
Over the past day, the crypto market stayed stable with a bearish tilt. Total market capitalization slipped 0.2% to $2.6T, while trading volume was at $142.62B.
Sentiment stayed balanced. The Altcoin Season Index at 36/100 makes it clear that the market is still leaning toward Bitcoin [BTC] rather than broader altcoin momentum.
Meanwhile, the CoinMarketCap 20 Index fell 0.19% to $158.08, showing mild weakness across large-cap crypto assets.
The White House has confirmed that President Donald Trump will speak at a private gala for leading holders of the TRUMP memecoin on Saturday.
The event, scheduled at Mar-a-Lago, is expected to host the top 297 TRUMP token holders, with the top 29 receiving access to a private reception.
Trump’s attendance had earlier been uncertain, as the event was not firmly listed on his schedule. The gala has drawn criticism from lawmakers, who argue it raises conflict-of-interest concerns by linking political access with memecoin ownership.
Aave is leading a new industry recovery effort called DeFi United after a major exploit hit KelpDAO’s cross-chain bridge. The attack drained about $292 million worth of rsETH, which was later used as collateral on Aave V3, creating bad debt risk after the token became unbacked.
The incident triggered withdrawals, with Aave deposits reportedly falling from $45.8B to $28.6B. Aave founder Stani Kulechov has personally pledged 5,000 ETH, while Lido, EtherFi, Mantle, Golem and others have proposed support to help restore rsETH backing and stabilize the market.
U.S. spot Bitcoin ETFs have recorded eight straight days of inflows, bringing in about $2.1 billion through April 23. The renewed ETF demand helped Bitcoin rise nearly 12%, moving from around $68,000 to $77,000 during the same period.
BlackRock’s IBIT led the latest inflows, while total spot Bitcoin ETF assets have now reached about $102 billion. However, analysts note that some short-term holders appear to be selling into the rally, making the $78,000-$80,000 range an important level to watch for Bitcoin’s next move.
STO showed strong upside momentum over the last day, rising roughly 32% from around $0.084 to the $0.112 zone. The sharpest move came after a breakout near the $0.09 level, followed by a quick spike toward $0.12.
However, the token is now seeing mild profit booking, with the latest candle down about 2.35%. RSI remains elevated near 66, suggesting momentum is still strong but cooling from overbought levels. MACD is positive, confirming bullish momentum, though the lighter histogram hints that buying pressure may be slowing.
Katana had a very strong last-day rally, rising roughly 70% from around $0.0105 to $0.01785. The price formed a steady uptrend with higher highs and higher lows, followed by a fresh push near the day’s high. The latest candle is also positive, up about 7.79%, showing buyers are still active.
Since then, price has faded and is now sitting near the breakout area, which shows the move lost momentum quickly. RSI indicates that the market is neutral now, while CMF at -0.14 means money is flowing out rather than in.
STABLE saw a strong but volatile move over the last day. The token climbed from around $0.0286 to the $0.0327 zone, gaining roughly 14.5% during the highlighted period. It briefly spiked much higher, touching the $0.04–$0.043 range, but sellers quickly booked profits and pushed the price back near current levels.
RSI has cooled to around 52, showing momentum has normalized after the sharp rally. OBV also dropped from its peak, suggesting some volume outflow after the spike. Overall, STABLE remains up on the day but has clearly lost short-term bullish strength.
And with that, we wrap up today’s check-in. We’ll see you tomorrow!
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