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Peace hopes, profit reports, and a few unexpected pivots. This week gave the market something to work with. Here’s what happened:

quick weekly news

Bitcoin jumps above $82K as oil crashes 6% on fresh Iran peace deal hopes

Bitcoin climbed above $82,000 during European hours on Wednesday as risk assets rallied globally and oil took a sharp leg down.gcX_07.05_pic 1Source: goodcryptoX

The catalyst was an Axios report that Washington and Tehran are close to a one-page memorandum of understanding to end the war. The draft reportedly involves negotiations between U.S. envoys Steve Witkoff and Jared Kushner and Iranian officials, conducted both directly and through intermediaries. Under the terms being discussed, Iran would agree to remove highly enriched uranium from the country – a long-standing U.S. demand Tehran had previously resisted.

WTI crude futures dropped 15% to $88.72 a barrel on hopes that the Strait of Hormuz, which Iranian forces have reportedly mined, could reopen to normal traffic. The disruption has been roiling energy markets since late February, with Asia taking the worst of it. Nasdaq futures rose over 1% alongside the broader risk-on move.gcX 07.05 pic 2Source: goodcryptoX

Not everyone is convinced a deal is close. “I’m a bit skeptical on the final point about Iran ceding ground on the nuclear front. But we’ll have to wait and see,” said ForexLive currency analyst Justin Low. For now, though, the prospect of de-escalation was enough, traders rotated into risk assets and out of energy exposure, and Bitcoin caught a bid.

Toncoin surges 110% after Telegram takes control of TON Foundation and cuts fees

TON jumped more than 110% in 3 days to hit a four-month high of $2.90, after Telegram founder Pavel Durov announced the messaging app would take a direct role in running the network it was built to support.

gcX 07.05 pic 3Source: goodcryptoX

In an X post on Monday, Durov said Telegram would become TON’s largest validator and take over as the driving force behind the ecosystem, with new developer tools, performance upgrades, and a refreshed ton.org coming within two to three weeks. 

Becoming the largest validator signals Telegram is putting real weight behind the chain’s security and direction, closing the gap between the Telegram narrative and the TON Foundation’s execution that had been an overhang on the token for some time.

gcX 07.05 pic 4Source: X

Fees got a major cut too. Transaction costs dropped sixfold to around 0.00039 TON, roughly $0.0005, with most transactions eventually moving toward a feeless model. For the kinds of products Telegram can actually distribute at scale, tips, games, mini-app payments, collectibles, and small retail transfers, that matters. A fee that’s irrelevant to a DeFi whale can still kill a consumer app when users are moving cents at a time.

The rally spread across the Telegram ecosystem. Notcoin gained nearly 26%, Dogs rose over 100%, and several smaller TON-based tokens posted even larger moves.

The fundamentals tell a more complicated story. TON’s DeFi TVL sits at just over $69M, far below its 2024 peak near $800MgcX 07.05 pic 5Source: DefiLlama

Daily active wallet activity is around 50,000, down from roughly 700,000 during the August-September 2024 peak. Whether Telegram’s direct involvement can rebuild that activity is the question the market is now pricing in.

Tether posts $1.04B in Q1 profit and builds its reserve buffer to $8.23B

Tether reported $1.04B in net profit for Q1 2026 and said its excess reserves hit a record $8.23B, up from $6.3B at the end of 2025. Total USDT in circulation remained stable, with token-related liabilities of around $183B as of March 31 and total assets just under $192BgcX 07.05 pic 6Source: X

The result follows over $10B in net profit for all of 2025. Reserve growth was driven by continued profitability and a portfolio concentrated in short-duration, high-quality liquid instruments. The majority of Tether’s reserves sit in U.S. government-backed instruments and short-term liquidity facilities. The firm says it’s now the 17th-largest holder of U.S. Treasuries globally and has become a top-10 buyer over the past two years, surpassing Taiwan, Israel, and the UAE. It also holds roughly $20B in physical gold and around $7B in Bitcoin.

The report lands as stablecoin demand continues to grow well beyond crypto trading. This week, Visa expanded its stablecoin settlement pilot to nine blockchains, adding Base, Polygon, Canton Network, Arc, and Tempo to existing support for Ethereum, Solana, Avalanche, and Stellar – a sign that the infrastructure around dollar-pegged tokens is maturing fast.

Strategy signals it may sell Bitcoin to cover its dividend obligations

Michael Saylor floated an idea on Strategy’s Q1 earnings call that caught the market off guard: the company may sell some of its Bitcoin to fund dividend payments.

“We will probably sell some bitcoin to pay a dividend just to inoculate the market and send the message that we did it,” Saylor said. gcX 07.05 pic 7Source: X

He framed it as part of the firm’s core model, borrow to buy Bitcoin, let it appreciate, then sell selectively to meet obligations. Strategy currently holds 818,334 BTC at an average cost of $75,537 per coin and carries roughly $1.5B in annualized preferred stock dividends and debt interest. The firm has about 18 months of coverage based on current USD reserves.

The timing is awkward. Strategy also disclosed a $12.54B net loss for Q1, driven by Bitcoin’s price decline during the quarter.

The signal matters beyond Strategy itself. The firm has spent years positioning Bitcoin purchases as a one-way accumulation strategy. Even a small, symbolic sale would mark a shift in that narrative, which is likely why the market reacted the way it did.

Trailing Stop Loss and Take Profit – let the market work for yougcX 07.05 pic 8

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