Daily Crypto NewsEDITION #1201, TODAY, 11:05

MONI-DIGEST #3

Economy & Macro News:

- The Central Bank has published its report, where Bitcoin is literally compared to stocks, corporate bonds, and other currencies. Wild growth in April and a sharp decline since early 2025. This means that for the Bank of Russia—and Russia as a whole—$BTC is now a legitimate financial instrument. Previously, Bitcoin was legally considered only as property!

- According to Polymarket odds, chances of a U.S. recession dropped from 66% to 39%.

Interestingly, the market is voting for the future itself—tension in the air has eased, and optimism has snuck in through the windows. Let’s simply enjoy the positive trend.

What’s happening with our crypto market:

- Overnight, $BTC was just 5% away from its ATH.

- BTCS, a blockchain-focused company listed on Nasdaq, plans to issue up to $57.8 million in convertible notes under an agreement with ATW Partners. These funds will be used exclusively to acquire $ETH. They’re stacking ETH bags, and we’re all for it.

- Adam Back believes Bitcoin is extremely undervalued considering the current influx of capital into the space. He says this cycle could bring $500k–$1M BTC. We’ve heard this many times before—not against it—but it does feel like these statements are crafted for headlines (and he nailed it).

Projects we’re farming:

- KUMA — a meme project on Berachain, supported by the Bera team and Smoky among its followers. At the end of April, they launched a social activity campaign on Twitter. You can farm points by liking/retweeting and posting your own content. What’s interesting is they don’t tweet often. Check the leaderboard and campaign rules on their website.

- OP NET — launched a new weekly quest on Galxe. You need to complete a quiz and get a Discord role.  To complete it, you'll need the following answers: c, b, b, c, c, b, c, b, c, c, d, c, c, b, c, c, b, b, a, c

- Farcaster — the social network has long integrated mechanics for distributing tokens to users. We remember how $DEGEN hit market cap highs during the Base ecosystem hype. The Farcaster team wants to reclaim attention and make airdrops more transparent. If you're using Farcaster and don’t want to miss the next major drop, check out this post from the founder.