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Team Alpha Impact

All06 Jun 2022

Weekly Crypto Roundup 6/4

Talks of a crypto winter continue yet venture capital funds are flowing in. Check out this week’s highlights. Let’s start as always by taking a look at a roundup of crypto news for the week. 

BTC’s prices rose by 10% on Tuesday but unfortunately we’re still in the midst of historic lows. Analysts debate where we’re headed as stocks and crypto have decoupled. Meanwhile, institutional money, such as from Andreessen Horowitz and Crypto Valley Venture Capital. continue to “buy the dip.” JP Morgan remains optimistic about the length of a winter.

 

It’s now been a month since the Terra ecosystem crash so where are they now? At the end of last week, Terra Founder Do Kwon greenlighted the LUNA revival, or LUNA 2.0. Big names are backing the forked crypto yet market confidence is low. This week, Japan is the first major country to introduce a legal framework around stablecoins specifically in response to last month’s crash. Making headlines this week, OpenSea marketplace’s former product manager Nathaniel Chastain was arrested for insider trading. Solana had a great week beating out ETH in daily volume for the first time ever. In other news, Chipotle announces it’s now accepting crypto in stores in the U.S. and SpaceX is now taking DOGE as payment.

 

Here’s an overview of how the top five coins by market cap are doing.

 

Bitcoin (BTC)

The current price of BTC sits at $29,832.91. While the last day has been bullish, BTC has now fallen down the list of global base money, now sitting at #9 in the world.

 

Ethereum (ETH)

Today, ETH’s price is at $1,801.61, down slightly from last week. Ethereum faced some technical troubles with its upcoming update this week, falling 8% as a result.

 

Tether (USDT)

USDT’s price is still just shy of its $1 peg at $0.999. With its recent Polygon launch, Mexico expansion, and a new blog post about the coin’s resiliency, Tether continues to try to distinguish itself as a truly stable stabecoin. 

 

USD Coin (USDC)

USDC is stable at $1.0002 at the time of writing, a bit over its $1 peg in fact.

 

BNB (BNB)

The price of BNB currently sits at $301.69, down slightly from this time last week.

 

Final Thoughts

Here are some top tips for navigating this down market cycle:

  1. Steady the course – Don’t get swept up in the panic, naysaying, or even FOMO. 
  2. Trade (and diversify) within your means – Keep your financial goals top-of-mind and follow good principles.
  3. Don’t let the pessimism cloud your sight – Look out for dip-buying, short selling, staking, or other opportunities.

 

And lastly, tip #4: Join Alpha Impact’s social trading platform. Why navigate the down cycle alone when you can weather it and HODL with a community of both experienced and novice traders? Don’t let this resource go untapped — learn more today.

 

About Alpha Impact

Alpha Impact is a non-custodial, technology platform building social infrastructure and integrates with Interoperable Real-World Signals.

Our Interoperable platform provides real-time trade signals, comprehensive cross-exchange portfolio analytics, risk management, and copy trading. This empowers signal providers to monetise their expertise and actionable insights through a social community.

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To our Community, Investors, and Traders,
 
After navigating the complexities of the crypto market and being early movers with automated copy trading, Alpha Impact has reached a difficult crossroads. Due to unsustainable cloud infrastructure costs, we are announcing the formal cessation of all platform services.
 
The Hard Stop Date: Thursday, April 23, 2026
 
On this date, the Alpha Impact web and mobile applications, all trade automation, and API-linked intelligence engines will go offline permanently.
 
Critical Action: Withdraw Your Assets
If you hold assets on the Alpha Impact platform, you must initiate a withdrawal to a self-managed custodial wallet by April 16, 2026.
 
Eligibility Minimums:
FOLO Balance: 1,500 FOLO
USDT: 1 USDT
FOLO Points: 15,000 Points (Must convert to FOLO Balance in-app first)
 
Security & API Keys:
Non-Custodial Safety: Your funds on linked exchanges (Binance & Kucoin) are SAFE. Our shutdown only disconnects the automation.
Revoke Access: We strongly advise all users to manually delete their "Alpha Impact" API keys directly within their Binance or Kucoin API settings immediately.
Data Purge: On April 23, we will execute a permanent scrub of all encrypted API keys to ensure user privacy and security.
 
⚠️ Security Warning
Alpha Impact staff will NEVER ask for your seed phrase, private keys, or passwords. We will never ask you to "migrate" funds to a new address. Only use the official app for withdrawals.
 
A Final Note
We are incredibly proud of the $100M+ in trade volume and the next-gen trade intelligence engine we built together. While this journey is ending sooner than we envisioned, we thank you for your "diamond hands" and support through the highs and lows.
 
The Alpha Impact Team