Elon Musk has commented on the recent X outage. Social media users complained of ‘Twitter down’ following another uptime issue. The world’s richest man revealed the cause of this outage and has affirmed his commitment to fixing these issues. Twitter Down: Elon Musk Breaks Silence On X Outage In an X post, Elon Musk revealed that the recurrent X outage issues resulted from a failover redundancy that should have worked but did not. He noted that they need to make major operational improvements, which have become evident with the uptime issues that users faced this week. Musk mentioned that he must be “super focused” on X/xAI alongside his other ventures. The world’s richest man also remarked that he is “back to spending 24/7 at work and sleeping in conference/server/factory rooms,” indicating that he will be taking a step back from his role at DOGE and focusing on his businesses. As… Read More at Coingape.com
NVIDIA (NVDA) has allocated $500 billion for US AI investment, but Jim Cramer cites it as the meme stock. Surprisingly, the NVIDIA stock price failed to react to this bullish news, showcasing investors’ declining interest in the asset. Although the Trump tariff fear is persistent, experts fear Cramer’s take might be true for this AI company.
JIM Cramer Calls NVIDIA ‘Meme Stock’ After Price Struggles
NVIDIA has announced a $500 billion investment in the US AI sector over the next four years. The GPU manufacturing company aims to strengthen the country’s AI infrastructure and reduce reliance on international supply chains.
Interestingly, this decision comes following Donald Trump’s tariff introduction on US imports. Although this is bullish news as it will create thousands of jobs in America, the investors remained less optimistic.
The NVIDIA stock price rose barely 3% with the $500 billion investment news before losing momentum. It currently trades at $110.71 and has crashed significantly with Trump’s tariff affecting the stock market.
Considering the NVDA’s performance struggle, Jim Cramer has called it a meme stock. In the recent CNBC post, Cramer revealed his top stock picks to buy but also targeted Apple, NVIDIA, and a few other companies for poor share performance.
The post mentioned that Cramer believes NVDA had become a meme before saying that he didn’t own meme stock. Again, he commented on NVIDIA’s failure to rise with the $500 billion announcement, adding that it should have broken out, but it did not as the meme crowd controls it.
Yesterday the “Chinese” stocks did quite well. They aren’t supposed to be. Yesterday Nvidia should have broken out, but it is being so seriously controlled by the meme crowd that it couldn’t rally.
Is Jim Cramer Right About NVIDIA Stock?
NVIDIA stock had a slower start and struggled with its price performance for years before the AI industry began to boom. After that, the stock grew higher and higher, setting its prime at $149.43 at the beginning of the year.
Considering the broader picture, NVDA’s meme stock stage seems momentary, as it is struggling just like the rest of the crypto stock prices. More importantly, it has the potential to rise amid the growing demand for the artificial intelligence system.
Notably, Trump’s tariff could influence its performance negatively. Additionally, few analysts believe that the NVIDIA price crash is imminent, but the long-term bullish outlook remains persistent.
Beasides, if Jim Cramer’s Cramer index is considered, this could be a buying opportunity, where the stocks he derogate performance wells.
There has been a sharp decline in daily active addresses across Smart Contract Platforms (SCPs) in recent months, raising concerns among investors and developers.
Meanwhile, Ethereum’s Pectra Upgrade could be the turning point, with crypto analyst Jamie Coutts calling the current state a cleansing of the ecosystem.
SCPs See Sharp Decline in Active Users
Jamie Coutts, who built Bloomberg Intelligence’s crypto research product, says this is the worst decline ever recorded in the history of SCPs.
He also notes that it is far worse than the 2022-2023 bear market, with daily active addresses dropping 40.5% in just five months.
“This is the largest usage collapse in SCP history,” wrote Coutts.
Coutts’ analysis provides a deeper look at the broader crypto ecosystem, which is simultaneously witnessing an uptick in global liquidity and an all-time high in stablecoin market cap.
While the sector seems to be experiencing a shakeout, Coutts says this decline does not indicate the death of smart contract platforms. Rather, it is a necessary cleansing of the ecosystem.
The analyst attributes the drop in daily active addresses to several key factors, including the rise of artificial activity.
“Much of the past cycle’s growth was artificial: Usage inflated by bots and Sybil farms, Incentive programs created temporary traction without stickiness. The unwind reflects a cleansing of fake activity, not the death of the sector,” Coutts explains.
The rise of bots and Sybil attacks, where bad actors create multiple fake identities to manipulate a platform’s usage metrics, has artificially inflated the activity numbers across various smart contract platforms.
Now, as these fake users are being weeded out, the real growth potential of SCPs is becoming clearer.
Moreover, this trend suggests that SCPs with weak application ecosystems or limited use cases will face significant valuation compression. This is especially true without stablecoin integration or real-world asset (RWA) applications.
Coutts notes that many SCP tokens risk valuation compression if their platforms do not offer high throughput, low-cost, and real settlement capabilities.
The market will likely reward mature platforms capable of supporting real economic activity. These include stablecoin transactions, payments, and AI-native applications.
“…going forward, value will concentrate in platforms that enable high-throughput, low-cost, real settlement and agentic automation,” he added.
Ethereum Staking Surge Post-Pectra
Interestingly, these predictions align with the recent Ethereum Pectra upgrade, which went live on May 7, 2025.
The Pectra upgrade introduces key features that could help Ethereum, the largest smart contract platform, stay ahead in this playing field. Specifically, the upgrade improves Ethereum’s staking model and validator operations.
CryptoQuant recently indicated a notable spike in ETH staking around the Pectra Upgrade news. Specifically, before the Pectra upgrade news, ETH staking saw a net outflow of around 1.02 million ETH, reflecting uncertainty.
However, after the news, staking rebounded with a 627,000 ETH inflow, signaling renewed market confidence in the Ethereum staking ecosystem.
“Before Pectra News (Nov 16 – Feb 15): ETH staking dropped from ≈34.88M to 33.86M ETH, a net outflow of ~1.02M ETH. This period reflects market uncertainty and mild unwinding of staking positions ahead of the upgrade. After Pectra News (Feb 16 – May 16): Total ETH staked rose from 33.78M to 34.41M ETH — a net inflow of ~627K ETH. Indicates renewed confidence in the staking process following the upgrade,” wrote CryptoQuant analyst Kripto Mevsimi.
ETH Staking before and after Pectra Upgrade news. Source: CryptoQuant
In the same tone, Bohdan Opryshko, co-founder and COO at Everstake, told BeInCrypto that the Pectra upgrade may be Ethereum’s most institution-friendly update. He says the upgrade is the clearest signal that Ethereum is ready for conservative capital.
“For the first time, institutions can stake at scale with operational clarity and reduced complexity. It’s a green light for conservative capital to get involved in native Ethereum staking,” Opryshko told BeInCrypto.
Further, Pectra’s introduction of smart accounts allows Ethereum wallets to execute smart contract logic. This could drive stablecoin integration.
At the same time, it could enhance scalability. This would make Ethereum better suited to handle real economic activities such as payments and financial transactions.
Nevertheless, Coutts highlighted a divergence between price action and network activity, a common phenomenon in the crypto space. While markets stabilize, activity on many SCPs remains stagnant.
Coutts notes that this divergence will not last. More sophisticated capital will increasingly flow toward platforms that anchor real economic behavior, especially via stablecoin flows and payments.
“Markets may be stabilizing, but activity is not,” More sophisticated capital will increasingly rotate toward chains that anchor real economic behavior, especially via stablecoin flows, payments, and AI-native applications,” Coutts says.
Finally, Coutts predicts that a liquidity-driven rally will return, fueled by the significant liquidity expected to enter the system in the coming months.
However, he cautions that the value will likely accrue to a subset of SCPs that can deliver tangible value through real-world applications and stablecoin integration. This sentiment aligns with the structural upgrades brought by Ethereum’s Pectra fork.
Bitcoin’s decisive break above the psychological $95,000 barrier has reignited bullish momentum across the crypto market. As market sentiment becomes increasingly positive, crypto whales are buying several differentiating altcoins this week.
Among the top picks are Avalanche (AVAX), Ethereum (ETH), and meme-coin Pepe (PEPE), all of which have seen significant whale inflows this week.
Avalanche (AVAX)
Layer-1 (L1) coin AVAX has seen increased whale attention this week, reflected by the spike in its large holders’ netflow. According to IntoTheBlock, this has rocketed over 380% in the past seven days.
A large holder is a wallet address holding over 0.1% of an asset’s circulating supply. The large holders’ netflow tracks these investors’ buying and selling activity.
When it rises, crypto whales buy more tokens. This bullish signal often prompts retail investors to increase their holdings.
If AVAX’s accumulation trend persists, its price could breach the resistance at $24.28 and rally toward $30.23.
Conversely, if demand wanes, AVAX could fall to $14.66.
Ethereum (ETH)
Amid the recent broader market rally, ETH has recorded a modest 3% price uptick in the past seven days, buoyed by steady whale accumulation.
According to Santiment, during that period, whale addresses holding between 10,000 and 100,000 coins have acquired 280,000 ETH valued at over $510 million at current market prices.
As of this writing, this cohort of ETH whales controls 25.24 million ETH, their highest holding in the past month. ETH’s price could be driven above the psychological $2,000 mark if whale accumulation persists.
However, if the bears regain dominance, they could push the coin’s price to $1,733.
Pepe (PEPE)
Popular meme coin PEPE is another asset that has seen a surge in crypto whale accumulation this week. Per Santiment, wallet addresses that hold between 100,000 and 1 million tokens have bought 350 million PEPE in the past seven days.
At press time, the meme coin trades at $0.0000086. If whale accumulation persists, PEPE could reverse its current downtrend and break above the resistance at $0.0000010.
