YEET.com has been doing some cool stuff lately in the crypto casino space, so we’re giving it a shout-out for anyone who’s been meaning to check it out.
They’ve been putting out a bunch of fun, crypto-themed games with plenty more coming!
I mean, check out the roster, plenty to choose from, plus it’s as easy as registering here and having some good old dicy fun:
I swear this Circus is getting old. Trump is once again boasting about opening the Strait that was always open and pumping the job market, while at the same time proposing “Guardian Angel Tolls” if no final deal with Iran is reached. Mind that’s all after announcing multiple deals and “ends of wars” already. GM.
Well, not only are the war news headlines running in circles, but Bitcoin is also starting to spin its wheels around the same prices for way too long. Is this the beginning of the summer slumber? The price action sure feels like it.
At least BTC managed to get back above $63K, the line in the sand to watch for further declines. Nevertheless, being just slightly above at $64K at the time of writing doesn’t help much. Update: Oh, actually, BTC is above $65K now, noice!
Let's see how we fare as we venture deeper into this week (here are the key economic events for this week). There are some red flags to note, especially around the dollar, as we see DXY attempting to enter a higher range not seen since the end of 2024. Remains to be seen if the market actually cares about DXY anymore.
Speaking of the dollar priming up, it goes hand in hand with the US Economic Surprise Index climbing all the way to 63.2. Is there some kind of big derisking and flight to the dollar ahead? Historically, it would make sense to see some proper mess during July or August.
This is the eternal question: will the market leave stabled up participants stuck and jump pump up up and away, or will we see a final cascade, perhaps touching some of these $3 billions worth of longs on Bitcoin’s yearly liquidation map?
As many signs as there are of a possible final flush, I’d once again say that I think it should be seen as an opportunity, rather than something to get us FUDed out of the market. For example, seeing news about 20% of Bitcoin miners now hitting the unprofitable territory makes me remember the past bottoming season - these are exactly the type of news popping up when Bitcoin gets close.
We have to keep all of these factors in consideration as we move forward, and especially Saylor’s “Strategy”. It seems like Michael is about to print yet more dots, but, as the Byzantine General asks here, where is the money coming from, and will Saylor touch his cash reserves? MSTR looks like death already, the mNAV is literally at 1, and STRC is unusable unless it pumps back over $100. Nice bounce right now back $90, at least. Let’s see, perhaps when Fable 5 comes back online, Saylor vibes his way back up.
As for Ethereum, even though the price chart looks like pure unaltered suffering with ETH possibly hitting its first three red quarters in a row, I like what is happening behind the curtain fundamentally.
The upcoming Kohaku upgrade is a prime example, prioritizing and implementing chain-level privacy functionality. Plus, it seems 10% of ETH’s validator rewards could be redirected to fund ecosystem projects, which is needed, as there are talks of Ethereum facing a “funding crisis” soon.
Back to the privacy talk, I believe cypherpunk vibes need to stay a core part of crypto, that’s what I came here for originally, and I'm glad to see moves in this direction, especially as we see more and more regulation, prime example being the latest Fed’s proposal to implement a stablecoin issuer identification program. If we let everything fly, the governments around the world can make crypto literally the best financial surveillance tool of all.
Nevertheless, the market is brushing off these developments for now, with ETH ETFs seeing outflows and only SOL and XRP enjoying inflows last week. Tom Lee in shambles (for now).
Lastly, what’s interesting to see is that while Bitcoin and Ethereum stay dry and boring, multiple altcoins are charging higher on the back of quality products and tokenomics. This week’s example is Synapse (SYN) with its successful Hypercall options offering on Hyperliquid, Backpack going parabolic on the back of adoption, and tokenomics similar to HYPE, or Reppo, a very interesting AI microcap which we'll talk about more tomorrow. Stay tuned.
👇 And if you haven’t yet, hit subscribe below 👇
The important bits.
TrueNorth posts a new article on why “Even ETH'S True Believers Are Selling”, read here
Surf AI now powers Nexus Data Labs’ research, read here
Lamine Yamal is now FOURTH on the forwards leaderboard on Sport.fun with 128 points
Squid is teasing a big announcement for tomorrow, see here
Nado’s $100,000 reward competition is still going, 4 days left to join here
SwapRoyale is creating a Scoreboard for Markets, as explained in a new article here
Mantle explains how it connects RWAs, DeFi and CEX liquidity, read here
f(x) Protocol finished testing out FX100, more info here
Phygitals announces partnership with Prosperity Time for an upcoming release, read here
Algorand unveils a roadmap targeting broad quantum resilience by the end of 2027, read here
Even more important bits.
Binance founder CZ on why financial literacy belongs in every prison, listen here
The devaluation of Yen and the Carry Trade, explained by Capital Flows here
Taiko has been exploited for rougly $1.7 million, details here
Chalom says the same logic as with Amazon applies to Ethereum and tokenized assets today, listen here
Trueo announces a wind-down of their stablecoin vault project, read here
Israeli journalists are now saying that the U.S. needs another 9/11, read here
Thailand seized 315 illegal Bitcoin mining rigs tied to an alleged $1.2 million electricity theft scheme, read here
A petition to repeal South Korea's crypto tax has received 58,000 signatures, read more
Andre Cronje resigns from Sonic Labs, announcement here
JaredFromSubway, the most well-known MEV bot on Ethereum, got drained for over $15 million, onchain data here
Charts and stats of the day.
BofA's Global Fund Manager Survey shows gold is the least overvalued it has been in 2.5 years, chart here
The Iranian Rial just hit an all-time low against the US dollar, read here
USDT makes up 59% of the total Stablecoins Market Cap, read here
The US surpasses Russia to become the world’s largest oil exporter, read here
Last month $1B of tokenized equities traded onchain, read here
Ethereum Stablecoin Transaction Volume is up over 53,000% since March 28th, read here
Lastly, our daily Telegram bulletin is back! Join in right here and stay on top of everything, every day.
Sport.fun: Fallen Heroes vs. Teams Hanging in the Balance
Folks, we are getting closer to the knockout stage. Some teams have already seen their World Cup dreams crushed, while the others will be walking on a very thin tightrope over the next 48 hours.
The result is inevitably a more interesting competition as the stakes are now incrementally real. Here are the fallen heroes and those hanging in the balance.
Fallen Heroes
Three teams have already been mathematically eliminated after just two matches.
Haiti – The Caribbean side became the first team to exit WC26. Two losses (including a 3-0 defeat to Brazil) left them with zero points and no mathematical path forward.
Türkiye – A tough start turned into an early exit. Losses to Australia and Paraguay ended their campaign prematurely to the delight of the Kosovo admin, who’s having a party from a successful hatewatch.
Tunisia – Heavy defeats to Sweden and Japan (including a 4-0 thrashing) saw them crash out with a terrible goal difference.
These three joined the list of early “fallen heroes.” If you are an SDF player with an individual from any of these teams in your squad, your player(s) are now locked out of your squad; no more points can be earned from them.
Those Hanging in the Balance
Right now, several teams are fighting for their lives. Today and tomorrow’s matches could send more teams packing - such as:
Critical Matches for June 22:
Group J: Jordan vs. Algeria
Both teams are on zero points. The loser of this match is in serious danger of joining the fallen heroes. A defeat here, combined with results elsewhere, could mathematically eliminate one of them by the end of the day.Group I: France vs. Iraq & Norway vs. Senegal
Iraq and Senegal are both without wins. Heavy defeats today would leave them with zero points after two games and very poor goal differences, putting them on the brink.
Tomorrow, June 23: Even More Pressure
Group K: Portugal vs Uzbekistan
Uzbekistan is the most vulnerable here. A loss could end their tournament.
Group L: Panama vs Croatia
Both teams are on zero points. The loser of this clash faces a near-impossible task to stay alive.
These are the teams where every goal, every mistake, and every result matters. One bad afternoon and they’re joining Haiti, Türkiye, and Tunisia on the sidelines.
Is the Human Layer in Crypto Dying?
The AI news & updates.
Tech and crypto firms, including Google, Meta, PayPal, and Chainalysis, commit to fighting the illegal wildlife trade using AI, read here
Eric Vorhees explains why governments can’t keep up with AI, listen here
Sakana AI says their model Fugu stands shoulder-to-shoulder with leading models like Fable and Mythos, explained here
Anthropic appears to be prepping the next Sonnet 5 model, read here
Anthropic CEO Dario Amodei completely exposes Silicon Valley elites, listen here
Anthropic has reportedly developed a more powerful model than “Mythos” which is already banned, read here
The NSA's own director says Mythos broke into almost all of its classified systems in hours (authorized attack), read here
JD Vance says President Trump is open to the U.S. taking ownership stakes in major AI companies, read here
Claude Code 2.1.185 has been released, all details here
Hermes Agent has a new Blank Slate setup mode, watch here
White House & Anthropic are reportedly now working on a framework to assess AI jailbreaks, read here
Bernie Sanders introduces a bill to give US citizens a 50% ownership stake in ‘large’ AI companies, read here
AI Charts and stats of the day.
Claude Opus 4.6 has the highest chance to become the top model by June 27th, per Polymarket
The AI tutorials of the day.
How to make Claude 100x more powerful [7 setup layers], read here
xyOps for job scheduling, workflow automation, server monitoring, and alerting, available here
Generate mind maps from text topics using AI, available on GitHub
The Stanford STORM Method: How to Make Claude Research Like a PhD in Minutes, read here
10 folders with the best skills for Claude, read here
AI Articles of the day.
40 Claude Opus 4.8 Workflows That Make Money While You Sleep, read here
Jokes aside, this time, here’s a great rant and video feature by our good friend Rektdiomedes (Maple Finance is on my radar as well):
Yet another interesting, or boring, weekend ahead. As you noticed, it all depends on which angle you look from. See you tomorrow, I’ll try my best to cover as many angles as possible.
If this was useful, forward it to one person sitting on the sidelines right now. That's how this thing grows. MUCH appreciated.
Hix0n 🫡
