dYdX Trading Inc. (“dYdX”) today announced the strategic acquisition of key business teams from the dYdX Foundation, including Marketing, Business Development, and Solutions. This move marks a significant milestone in aligning go-to-market efforts more closely with product and engineering.
The acquisition is designed to create tighter integration between growth and product functions, enabling dYdX to run more effective, data-driven GTM campaigns for major feature and product launches. By embedding marketing and business development directly alongside engineering, dYdX aims to shorten feedback loops, increase launch velocity, and deepen ecosystem engagement across global markets.
This shift comes at a pivotal moment, as dYdX is actively developing several transformative product upgrades, including Spot Trading, Multi-Asset Margining, and EVM Support. These launches represent critical steps in expanding the platform’s utility and accessibility, making deep coordination across teams more important than ever.
“Product-led growth demands close integration between product and growth teams. This acquisition enables dYdX protocol to build, launch, and scale more effectively as we pursue our most ambitious roadmap to date,” said dYdX Founder Antonio Juliano.
The transition will ensure continued support for partners, traders, and ecosystem contributors while unlocking new synergies between product innovation and market adoption.
While the broader crypto market struggled to find direction in April, VIRTUAL bucked the trend to record significant gains. The altcoin has soared 183% over the past month, standing out as one of the few tokens to record substantial gains in an otherwise lackluster market.
VIRTUAL is up 22% in the past 24 hours, making it the top-performing crypto asset today. It is poised to continue its rally, especially as institutional interest grows.
Smart Money Fuels VIRTUAL’s Rally
VIRTUAL initiated its uptrend on April 22 and has consistently marked new daily price highs since then. As its price climbs, there has been a corresponding rise in its Smart Money Index (SMI), which currently stands at 3.07.
The SMI indicator tracks the trading activity of institutional investors, often referred to as the “smart money.” It analyzes intraday price movements, focusing on the first and last trading hours.
When the SMI rises with an asset’s price, major investors are accumulating positions, reflecting growing confidence in the asset’s upward momentum. The current uptick in VIRTUAL’s SMI suggests that institutional players are actively accumulating the token, likely positioning for further gains.
Further supporting the bullish outlook is the token’s rising Chaikin Money Flow (CMF). As of this writing, this momentum indicator stands at 0.25 and remains in an upward trend.
The CMF indicator measures money flow into and out of an asset. A rising CMF like this reflects increased capital inflows and positive sentiment among traders.
Therefore, VIRTUAL’s CMF reading reinforces its price surge and hints at the potential for a continued rally in the short term.
VIRTUAL’s Price Action Hints at Further Upside
VIRTUAL’s triple-digit rally since April 22 has caused it to trade within an ascending parallel channel. This pattern is formed when an asset’s price consistently makes higher highs and higher lows, moving within two upward-sloping, parallel trendlines.
It signals a bullish trend, suggesting that the asset’s price may continue rising as long as it stays within the channel. If demand strengthens and VIRTUAL climbs, remaining within the channel, it could trade at $2.26.
However, a resurgence in profit-taking activity will prevent this bullish projection. If selloffs begin, the VIRTUAL token could lose recent gains, break below $1.55, and fall toward $0.96.
Welcome to the US Crypto News Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee—you’ll need it. The financial market became much more unpredictable due to creeping inflation, political power plays, and market jitters. As the Federal Reserve (Fed) holds steady, new reports suggest the next big shift may come not from data, but from Donald Trump.
Crypto News of the Day: US Inflation Rises While Spending Slips
The Fed’s preferred inflation gauge, PCE (Personal Consumption Expenditures), rose in May. According to the latest data, the Core PCE Price Index rose 0.2% month-over-month (MoM) and 2.7% year-over-year (YoY), slightly above forecasts.
Headline PCE came in as expected, rising 0.1% on the month and 2.3% YoY
*US MAY PCE PRICE INDEX RISES 0.1% M/M; EST. +0.1% *US MAY CORE PCE PRICE INDEX RISES 0.2% M/M; EST. +0.1% *US MAY PCE PRICE INDEX RISES 2.3% Y/Y; EST. +2.3% *US MAY CORE PCE PRICE INDEX RISES 2.7% Y/Y; EST. +2.6%
Further, signs of weakening consumer momentum emerged as personal income fell 0.4%. Meanwhile, real personal spending declined 0.3%. Both of these US economic indicators missed forecasts, reflecting softening economic conditions.
*US MAY PERSONAL INCOME FALLS 0.4% M/M; EST. +0.3% *US MAY PERSONAL SPENDING FALLS 0.1% M/M; EST. +0.1% *US MAY REAL PERSONAL SPENDING FALLS 0.3% M/M; EST. +0.0%
While these inflation numbers reinforce the Fed’s cautious stance, political drama overshadows them. The growing possibility that President Donald Trump could soon install a MAGA-aligned Federal Reserve chair continues to shake financial markets.
Trump vs. Powell: Markets eye MAGA-friendly Fed Reshuffle
In his recent testimony before the Senate Banking Committee, Fed chair Jerome Powell said he expects inflation to increase this summer because of the Trump administration’s tariffs.
Meanwhile, reports indicate that Trump is considering replacing Powell with a loyalist as early as this summer.
There is deep momentum in Washington building for Jerome Powell’s resignation.
While his term ends in May 2026, the move would undercut Powell’s final year in office, potentially injecting political risk into an institution long prized for its independence.
The political maneuvering triggered a sharp reaction in the currency markets, sending the US dollar to a three-year low. The dip comes amid fears of a politicized monetary policy environment ahead of 2026.
In recent weeks, he’s called Powell the “WORST” and a “dummy” who is “costing America $Billions.” Behind closed doors, insiders say Trump is vetting candidates who would be “unstintingly loyal” and willing to implement rate cuts aligned with his economic agenda.
Reacting to the news, the US Dollar Index (DXY) is trending lower, revisiting levels last seen in 2022.
As inflation reawakens and spending slows, markets grapple with a new risk: that monetary policy could once again be steered by political loyalty rather than economic logic.
Chart of the Day
US Dollar Index (DXY) drops to a 3-year low. Source: TradingView
Byte-Sized Alpha
Here’s a summary of more US crypto news to follow today:
