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:
Mom, how did we get so rich? Daddy minted unlimited ZEC. Yep, that’s the meme of the day, accompanied by one slaughterhouse of a chart. GM.
I hope you guys remain unaffected, as the exposure to ZEC inside the crypto space reached critical levels just before the hack. It started with Saylor selling a mere 32 BTC; now, just like that, we find ourselves deep inside the painmaxxing zone.
All the ZEC drama and the fact that this was, at least as Polymarket reports, caused by Claude Opus 4.8, makes me think it’s time to wait things out for a bit, and not venture too deep, at least not too exotic DeFi. Check this out also - the ZEC bug was discovered whole four days ago, and the market noticed just today? Damn.
If you’re interested in this whole drama, you can also read this deep dive report by zooko.
Back to the main game. When it comes to Bitcoin, well… over $1.8 billion in leveraged crypto positions were liquidated in a single day, which perfectly explains where we’re at without even looking at the chart.
Now, I don’t think losing time staring or trying to nail the perfect bottom right here is worth our time - perhaps if you want to lever up with a portion of your capital. When it comes to spot, I'm convinced these areas will prove to be good buys long term. Check out this stochastic oscillator chart for example, nicely depicting how rare it is for BTC to find itself in zones like these. It’s rare - very rare.
This chart showing us how deeply contracted the demand for BTC has become is another example of how advanced this bear market is. To me, things like this simply say: aight, it’s not over yet, but a new dawn is right on the other end of all this. Chew glass and “chill” in a spot in the meantime, if you have to. I mean, here’s the latest Cramer for you.
If you do want to get into the conversation of actual, precise lows - yes, I do think there’s a possibility to wick even lower, somewhere between fifty and sixty keks, perhaps. All these upcoming IPOs combined with summer seasonality mean nothing good for the crypto market, in my opinion.
Combine all that with the fact that the upcoming SpaceX IPO became basically the new Doge for retail, as it’s now known that anyone with as little as $2000 bucks can participate, and you can see the possible liquidity draining conditions from miles away. Perhaps BTC, as it’s typical, is sniffing out these conditions earlier than other markets.
Even the little altseason we've got to enjoy these past weeks seems to be fading a little, as we see deep cuts across the “Holy Trinity”, NEAR, HYPE, and especially ZEC. Don't want to be the “told you so” guy too much, because I'm very positive about Near’s (check the intents chart, bullish) and Hyperliquid’s future, but we did mark the weakness early this week by simply observing the RSI.
I simply choose to look for better times and believe they eventually come. Even Ethereum, although looking absolutely rekt at $1600 (think it’s one last dump away from a bottom also), has some bullish news going for it - check out this new privacy pERC-20 standard that’s cooking behind the scenes.
Lastly, here’s a good and actually short mNAV explainer rant on Strategy. As I said yesterday, the rest of the year will be very interesting to watch.
There it is, frens. Enjoy the weekend, and let’s see how boring the more and more likely summer slumber is this time. At least we’ve got Hunter Biden shitposting all over X to keep everyone entertained.
👇 And if you haven’t yet, hit subscribe below 👇
The important bits.
Sport.fun X blocmates podcast with Adam is now available on Apple Podcasts, listen here
Optimum explains the "premium lane" blockchain routes via RLNC in a new video, watch here
Squid provides a route for all tokens, in any direction, see here
TrueNorth enables you to automatically check on your trading performance using the /memo function, try it out here
ZEC analysis is easier using TrueNorth, check what it can do for you here
Squid reposts the new 0x trailer explaining its cross-chain API, check it out
Swap Royale Weekend Royale starts soon, register for $10, win $3,500 here
The window to upgrade MKR to SKY before the next Delayed Upgrade Penalty increase is closing, upgrade your MKR here or face penalties
Ondo will soon enable users to trade the world’s largest markets ($59 trillion), read more
tread.fi announces Tread Foundation, watch the announcement here
Aave is live on Whop Treasury along with Plasma, enabling 21 million businesses to earn yield, read here
Variational listed Quantinuum (QNTX) perps, trade here
Kaito comes out with a mysterious (seems like cards, gacha?) announcement, watch here
EtherFi Liquid RWA is live, read here
Phygitals presents their own Partner RWA API, more info here
APYX bounces after explaining the STRC drama and saying its not “Luna 2.0”, see here
Pump.fun introduces pump fun GO: Pay ANYONE to do ANYTHING, watch the trailer
Launch by Kinetiq will go live on Wednesday, June 10th, read here
Even more important bits.
Josselin Feist announces joining Aave’s engineering team as the head of security, read here
Are Arthus Hayes and Andrew Kang involved in coordinated HYPE selling? Read here
Joestar posts a new “What Went Wrong With MegaETH?” report, read here
The SEC has officially eliminated the $25,000 minimum equity requirement for day trading, read here
SpaceX IPO will be tokenized and available on Kraken, read here
Charts and stats of the day.
Aave V4 crossed $115 million deposits, read here
Forward Industries, down nearly $1.13B on SOL, deposited 455,784 SOL ($31.87M) to Coinbase Prime, read here
SOL crashed to $66, the lowest it’s been in 2.5 years, see here
Michael Saylor's "Strategy" now has an $11.5 billion unrealized loss on its Bitcoin, read here
Plume Network RWA is 1000% higher just in the last 30 days, read here
a16z continues to purchase HYPE, with a total unrealized profit of approximately $131 million, read here
Lastly, our daily Telegram bulletin is back! Join in right here and stay on top of everything, every day.
Sport.fun X blocmates: Teams.
Yup, things aren’t getting better any time soon.
We already told you two days back, switch off the charts for a bit, grab yourself a pint, and relax, because the World Cup is just around the corner.
What we also told you is that we are going to do our best to guide you through the World Cup to maximize your return through Sport.fun.
Most of you have probably already set up your team by now. If you haven’t, then just click here to get started.
Alright, now let’s get into some team talk.
For today, we’ll just go through some of the teams to keep an eye on to narrow down your research, but tune in next week for a more detailed discussion around the best players to choose.
Favorites - The teams that are most likely to go all the way and win the whole thing.
France - One of the best squads on paper with world-class level talent in every position (barring maybe the goalkeeper).
Spain - The most well-balanced squad in the tournament at the moment. I expect Spain to go all the way to the final.
Argentina - Current reigning champions, but all dependent on whether Messi can still hit the same levels as the last World Cup.
England - A more balanced functional squad with Thomas Tuchel at the helm, a coach who has a brilliant record in tournament football, this could be the year that football finally comes home.
Portugal - stacked midfield with Bruno, Bernardo, Vitinha, Neves, and it’s Ronaldo’s last World Cup.
Strong contenders - Expected to go far in the tournament but unlikely to win
Brazil - Been poor last few tournaments, but with Neymar returning and Don Carlo leading the pack, maybe things could turn around for Brazil.
Morocco - Dark horses of the last World Cup, having made it to the semi-final, have strengthened the squad.
Germany - Footballing giant, strong squad, good manager, always up amongst it.
Netherlands - Pretty much the same as Germany.
These are the teams we’re personally tracking. I’ll see you on Monday with a new set of names that may be closer to the front pack than most realize.
The Investment Case for Ownership Coins:
What’s Driving the Buzz Around Whop?
Mayne called it, recommended follow for any fresh blood here:
The AI news & updates.
Anthropic President Daniela Amodei says the high cost of training AI models is what's driving the company to go public, read here
Gemini got hijacked through a WhatsApp notification - twice. Read here
Meta is building a $200/month AI agent and also tracking its employees' keystrokes to do it, read here
Meta's $200/month Hatch pricing creates the value wedge that decentralized agent stacks need, read here
Perplexity's hybrid local/cloud router is the architecture that io.net is building permissionlessly, more info here
Suno's music industry partnership normalizes AI/IP licensing and creates the case for onchain royalty rails, more here
For all the crypto nerds out there, a great, deep breakdown of the mechanisms of crypto price discovery:
Google Gemma 4 12B (First Gemma with audio)
New Rainbow chart color just dropped:
A bit of bloody ending to our week, frens. Hope you guys are all doing well, and even if not, never ever give up. I know very well myself that even the hardest of times eventually fade and new paths present themselves - but only if you work hard enough to find them.
I hope these newsletters will serve you well. I'm right there with you and will keep the monitors ON every day. FUD will transform into shills soon enough. We’re very deep into this bear market already. Cya all Monday.
If this was useful, forward it to one person sitting on the sidelines right now. That's how this thing grows. MUCH appreciated.
Hix0n 🫡
