GM. This is the Never Die Newsletter, where I share whatever crypto news and content I feel like, every week, short and sweet, right to your beautiful little inbox.
This week we have:
📺 Latest Episode: The AI Crypto Bubble Is Coming
📰 News: MegaETH Launches
🌟Narrative of the week: Powell Bows Out as Fed Chair
NEWS📰
🚀 MegaETH Launches
MegaETH has completed its $MEGA TGE, with an initial circulating supply of 1.1 billion out of a total 10 billion tokens. Alongside the launch, the network introduced Terminal, an eight week incentive program designed to drive ecosystem growth by rewarding users with points for active dApp interactions.
🚨 Wasabi Protocol Drained
Wasabi Protocol, a DEX suffered a $5 million exploit after a hacker compromised its single deployer wallet. The attacker instantly granted themselves full admin privileges to deploy malicious contract upgrades, drawing fierce industry criticism for the protocol's failure to implement basic multisig or time delay safeguards. The incident cements April 2026 as the most-hacked month in cryptocurrency history.
📈 Tokenized RWA Market Surges
The RWA market has exploded by over 420% since the start of 2025, surging from a $5.8 billion market capitalization to a massive $30.2 billion. Driven by new regulatory clarity and a strategic shift toward yield driven investments, tokenized US Treasurys led the charge by expanding to over $15 billion as traditional finance giants like BlackRock and Fidelity deploy on chain funds.
🏛️ US Senate Bans Members from Prediction Markets
The US Senate unanimously passed a resolution strictly prohibiting its members and staff from participating in prediction markets to prevent the monetization of sensitive, inside information. The rule change follows recent controversies, including a soldier charged with using classified intelligence to place wagers on Polymarket and suspicious betting patterns regarding the US-Iran conflict.
THE AI CRYPTO BUBBLE IS COMING
In this video, I break down why the next crypto bubble could be driven by AI and why it might be one of the biggest opportunities this cycle.
NARRATIVE OF THE WEEK: POWELL BOWS OUT AS FED CHAIR
The Fed held rates at 3.5–3.75% on Wednesday in Jerome Powell's final meeting as chair. After 8 years, he hands the keys to Kevin Warsh on May 15. Here's what this means for crypto:
Rates Stay the Same: The FOMC voted 8-4 to keep rates unchanged, the most divided Fed decision in over 30 years. Bitcoin slipped to ~$75K on the news.
Powell's Exit: Powell's term as chair ends May 15, but he's staying on as a Fed governor until 2028 meaning he'll still have a vote in the room.
Enter Warsh: Trump's pick is on track for full Senate confirmation. Warsh is a mixed bag for crypto: he holds investments in Bitwise and called Bitcoin the new gold, but he’s historically hawkish on the balance sheet and has dismissed crypto as software, not money.
The Historical Pattern: Every time a new Fed chair takes over, Bitcoin corrects first, then rallies (Yellen 2014, Powell 2018). June's FOMC will be his first as chair, and Trump has openly demanded immediate rate cuts, setting up an immediate test of his political independence, creating the exact type of macro uncertainty that usually triggers this initial pullback
The bottom line is it all comes down to liquidity. If Warsh cuts rates and keeps the balance sheet expanding, crypto gets the tailwind it's been waiting for. If he plays the disciplined hawk and squeezes liquidity while only making symbolic cuts, expect more of the same current price action.
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