😬 Markets spiral into extreme fear-A brutal macro sell-off wiped $2.7 trillion off the S&P 500, dragging crypto sentiment deep into extreme fear territory. Bitcoin and majors didn’t just wobble, they sank alongside equities, reminding everyone that correlation never truly dies. It wasn’t capitulation, but the mood was very subdued. (Decrypt)

🤖 AI triggers a relief rally-AI stocks staged somewhat of a relief rally (Nvidia beat earnings expectations) lifting tech sentiment but sadly leaving crypto behind. Investors rotated into the sectors with the cleanest earnings stories, and this cycle that turned out to be AI. Crypto tech indices followed the opposite route, posting one of their roughest weeks in months. (Blockworks)

🫧 Are we in an AI bubble? Signs say… maybe-Rally or not, but the word “bubble” is on everyone’s mind. Blockworks dug into the early warning signs of an AI bubble, from surging valuations to narrative-driven capital deployment. The takeaway: enthusiasm is justified, excess is creeping in, and timing the bubble pop is impossible. For crypto natives, it’s déjà vu with better branding. (Blockworks)

📉 Coinbase premium flips deeply negative-The Coinbase premium index dropped to its weakest level since Q1, signaling that U.S. spot demand has cooled sharply just as global markets hit turbulence. When American buyers step back, liquidity thins and volatility spikes–exactly what we saw this week. As liquidity dries up, larger sell orders will drive the markets down. (CoinDesk)

📚 Cathie Wood buys the dip (again)-Few investors have the gumption to buy the dip. Cathie Wood leaned into the sell-off, adding more Coinbase, Bitmine, and Circle stock to ARK’s portfolios. It’s classic ARK behavior: when everyone panics, they re-allocate aggressively into their highest-conviction themes. Crypto is a high-conviction game and is certainly not for the faint of heart. But ARK has remained consistent in its conviction and thesis, and that is impressive. (Decrypt)

🔁 Stablecoins are transforming everything-Stablecoins were the crypto star of 2025. New data shows stablecoins quietly dominating global payments, treasury operations, and cross-border flows far faster than regulators expected. Behind the price drama, payment rails are being rebuilt in real time, and they’re stablecoin-shaped. We predict that stablecoins will remain a crypto darling well past Oscar season.  (Blockworks)

🪙 Gold vs. Bitcoin: the money-supply lens-Gold and Bitcoin often get framed as rivals. But in reality, they behave more like cousins — shaped by the same economic weather but responding in different ways. A recent analysis revisited the old “store of value” debate, zooming in on how much of each exists and how that changes over time. Here’s the nuance: If you’re focused on long-term scarcity, Bitcoin still wins — its supply is hard-capped and predictable. But when economic conditions tighten and interest rates stay high, gold tends to hold its ground better. In other words, these aren’t either/or assets. They’re two lenses into what people value when uncertainty rises. (CoinDesk)

🗣️ Saylor returns to the mic as MSCI concerns build-Michael Saylor resurfaced this week after MSCI flagged potential concentration risks tied to Bitcoin-heavy portfolios. As usual, he took the long-term view: volatility is noise, scarcity is signal. Whether you agree or not, Strategy’s Bitcoin treasury is still the institutional test case everyone watches. (CoinDesk)