The Weekly Wrap

The total crypto market remained flat down 0.03% over the past seven days sitting at  a market cap of US$2.65 trillion.

ETF demand also remained positive across the major assets. Bitcoin ETFs recorded US$622.75 million in inflows, while Ethereum ETFs added US$70.49 million. Altcoin ETF flows were also constructive, with XRP seeing US$34.21 million in inflows and Solana attracting US$39.23 million.

Meanwhile, Strategy remained in the spotlight after Michael Saylor suggested the company may sell small amounts of Bitcoin to fund STRC dividends. However, he stressed that any sales would likely be outweighed by future purchases, with Strategy still aiming to remain a long-term net accumulator of Bitcoin.

Bitcoin vs Gold vs Nasdaq YTD

🟡 Gold: +9.56%\ 🔵 NASDAQ: +15.36%\ 🟠 Bitcoin: -6.60%

The risk-on rotation has continued, with the NASDAQ extending its lead over gold and now up more than 15% YTD. Bitcoin has also continued to recover from its February lows, narrowing its drawdown to -6.60% YTD as it tracks more closely with equities.

Gold remains firmly positive, but momentum has shifted back toward growth assets over the past month.

Source: Tradingview, BTC, GOLD, NASDAQ

Macro: Australia

A major tax change has now been confirmed for Australian investors.

As part of the 2026–27 Federal Budget, the Australian Government has announced it will replace the current 50% capital gains tax discount with an inflation-based discount from 1 July 2027. The change will also introduce a minimum 30% tax on gains. According to the Budget papers, the reforms will only apply to gains arising after 1 July 2027, while investors in new builds will be able to choose between the current 50% CGT discount or the new arrangements.

For crypto investors, this is an important development because CGT generally applies when disposing of assets such as crypto, shares and investment property. While the current 50% discount remains in place for now, the confirmed change means long-term investors may need to pay closer attention to how future gains are calculated.

It is another reminder that tax policy and regulation remain key areas to watch as Australia’s digital asset market continues to mature.

BTC

BTC is down 1.43% on the week.

Bitcoin has been trading around an important area on the CME futures chart, with the larger gap near US$82,000 now partially filled.

At the same time, a few smaller CME gaps have opened below the current price. These levels can sometimes act like areas the market revisits later, but they do not always fill immediately, or at all.

For now, the key thing to watch is whether Bitcoin can continue holding above the recent recovery range, or whether price drifts lower to test some of the smaller gaps sitting underneath.

Source: Tradingview BTC1!

In other Bitcoin news, the Ordinals hype cycle continues to cool. Ord.io, one of the main Bitcoin Ordinals explorers from the 2023/24 inscription boom, will shut down on 1 June alongside its trading app Zap, with the team citing financial constraints.

Ordinals helped bring NFT-style activity directly to Bitcoin and once drove major spikes in network fees. But activity has slowed significantly from its 2023 highs, showing how quickly attention can rotate within crypto’s more speculative corners.

BUY BTC 

ETH 

Macro analyst Raoul Pal recently raised an interesting way to think about Ethereum’s value: instead of asking what Ethereum is worth, ask what would happen if it was switched off.

His point was that a large share of stablecoins, DeFi, Layer 2 networks, NFTs and on-chain applications still rely on Ethereum or its broader ecosystem in some way. It is not a perfect valuation model, but it does highlight why Ethereum continues to be viewed as one of crypto’s most important infrastructure layers.

Looking at the chart, Ethereum continues to hold above its long-term support trendline, with price action consolidating around the US$2,300 level for more than a month.

So far, ETH has avoided a deeper breakdown, but momentum remains relatively muted. The key area to watch is whether ETH continues to hold this long-term support zone, or whether it needs more time to build strength before its next larger move.

Source: Tradingview ETH/USDT

BUY ETH

\

ALTCOINS

Artificial Intelligence (AI): +15.18%\ Meme: +6.38%\ Decentralized Finance (DeFi): +8.01%\ Real World Assets (RWA): +6.80%\ Gaming (GameFi): +5.09%

AI led the market this week, with the category gaining more than 15% over the past seven days, largely helped by Venice (VVV), which was up 86.59%. DeFi and meme coins also finished firmly in the green, showing broader strength across risk assets, while ONDO’s 39.25% gain helped support the RWA category. Gaming lagged the group but still managed a positive week.

Source: Coingecko categories

It may not be “altcoin season” yet, with the Altcoin Season Index sitting at 33, but a small group of major altcoins have still outpaced Bitcoin over the past 90 days.

Bitcoin itself is up 22.3% over the same period, while several assets available on Cointree have posted stronger 3-month returns:

NEAR: +61.3%\ SUI: +45.4%\ LINK: +27.9%\ TRX: +27.5%\ SOL: +23.6%\ DOGE: +23.3%

So while Bitcoin remains the market’s anchor, strength is starting to appear in select altcoins.

SUI

SUI has been one of the stronger altcoin performers over the past three months, supported by a mix of staking activity, ecosystem growth and renewed interest in high-speed blockchain networks.

One major catalyst was SUI Group Holdings reportedly staking its full treasury of more than 108 million SUI tokens. While staking does not permanently remove tokens from circulation, it can reduce the amount of liquid supply available for trading and signal longer-term confidence in the network.

Sui also gained attention from new payment and stablecoin developments announced around Consensus 2026, including plans for zero-fee stablecoin transfers and partnerships focused on cross-border payments.

The network is also expanding beyond payments, with growth across DeFi, gaming, infrastructure and prediction markets. Its prediction market platform, DeepBook Predict, has entered testnet, tapping into one of the faster-growing areas of on-chain activity.

While it is still early compared to larger networks like Solana, Sui is increasingly being watched as a high-speed Layer 1 with rising ecosystem momentum. Its next phase will likely depend on continued user growth, application adoption and broader market conditions.

SUI vs BTC

After spending several months in a steady downtrend against Bitcoin, SUI broke sharply higher in early May. The move suggests SUI has started to outperform BTC on a relative basis, with renewed momentum after a long period of weakness.

Source: Tradingview SUI VS BTC

THIS WEEKS FOCUS

This week’s focus is on impersonation scams, where scammers pretend to be from a trusted organisation, such as a crypto platform, bank, police agency or government body, to pressure people into acting quickly.

A common tactic is telling someone their wallet, exchange account or identity is “under threat”, then urging them to move funds to a so-called “safe wallet”. In reality, this is usually controlled by the scammer.

The key message is simple: Cointree will never ask you to move your funds to a safe wallet, share your recovery phrase, or contact us through unofficial channels like Telegram, Discord or WhatsApp.

Read the full article here:**https://www.cointree.com/news/scam-alert-impersonation-scams/**