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:
Trump says the stock market should go down even more, while Putin compares the current Iran situation to the COVID-19 crisis. Yet another GM.
After Friday’s $1,000,000,000,000 stock market wipeout, it seems bears are clearly in the lead, and the two scenarios described now put bearish one in front.
On the other hand, it seems like this breakdown scenario is something absolutely everyone agrees with at the moment, which at least offers some hope of a fakeout. Everything depends on the Iran war and oil crisis easing, because this one is starting to feel like pre-COVID type days, and definitely can cause A LOT more mess if it continues.
While the sixties are clearly a good long-term buy zone (in my opinion), expecting more downside pushes during this boring chop is something I would consider likely - this weekly 200-MA historical chart is a good example of where we are. For now, the momentum to the downside is pretty clear.
Also, gotta agree with Axe’s take here, the market is becoming numb to Trump’s talk about the potential easing of the Iran war. This attempt to recover was (again) planned exactly when the bond markets started screaming, as Kobeissi very nicely explained here.
Pentagon certainly isn't seeing the same, though, as they report sending up to 10,000 additional ground troops to the Middle East.
As of the time writing this, the VIX is screaming more problems coming on the weekly, plus OIL is back at $100 (fml).
At least Goldman Sachs is saying crypto markets might have bottomed (pls). Personally, I'm on my toes, waiting to see how all this mess develops, mentally prepared to see the worst with a slight hopium of things actually easing and surprising all the doom posters.
For example, Thailand just secured a safe path through Hormuz, meaning the panic videos you see all the time on X are far from daily reality.
👇 And if you haven’t yet, hit subscribe below 👇
The important bits.
Saga is becoming a standard for AI agents, explained in short video here
HypurrFi presents new patch notes, read in full here
Optimum is coming to EthCC, join and get info here
Nado distributes Week 8 poins, check yours here
Nado adds EUR/USD, GBP/USD, USD/JPY markets with 40x leverage, read here
LI.FI presents their AI Strategy, article here
Kintsu on new Binance integrations: “Monad eco looking good here”
SEDA is now also a data pipe for AI agents, read here
Newton hosted “Accelerated Humanity” spaces, listen here
LayerZero integrates Canto: processing $8T+ in RWAs monthly, $350B in daily U.S. Treasury repo volume, announcement here
SurfAI presents a chart showcasing your best playing odds for prediction markets, see here
Showdown presents its “poker reinvented” and a tournament, join here
DeFi’s latest developments all in one thread, see it here
Kalshi will integrate more institutional markets, read more here
SKY is expanding its agent network; more details here
Akash is announcing their own AI agent deployment kit, read more here
Even more important bits.
Jeffrey Epstein knew about Bitcoin as early as 2011, per Kalshi
David Sacks' term as President Trump's crypto and AI czar ends, read here
HyperEVM is now fully supported in MetaMask, announcement here
Thailand is tightening oversight of fuel pricing and supply, read here
Coinbase partners with Better Mortgage to launch crypto-backed home loans, read here
Fannie Mae to accept "crypto-backed" mortgages, read here
Federal Reserve says it has no plans to create a central bank digital currency (CBDC), read here
Hong Kong just made refusing to decrypt your phone a criminal offense - details here
Charts and stats of the day.
More than 80% of crypto traders lost money, see the stats here
PUMP’s chart is absolutely destroyed despite doing a buyback similar to HYPE, see here
Ostium broke records in the highest gold volume across onchain perp venues, stats here
MegaETH NFT’s are massively pumping after the Bread tweet, see here
Kamino hits $1.2 billion in deposits into real-world asset lending markets on Solana, see here
Lastly, our daily Telegram bulletin is back! Join in right here and stay on top of everything, every day.
Felix: spearheading Hyperliquid protocol.
You surely noticed how many previously so-called “degens” and “trenchers” are becoming war and macro experts as of late. With that, and especially the metal trade of the last few months, we saw a massive increase in cross-asset trading.
This is exactly where Felix comes in as the picks and shovels play on Hyperliquid. Personally, I see the use case instantly - I can’t be bothered registering TardFi venues, and if there’s an option to get exposure to TradFi assets directly onchain, imma take it.
Here’s the kicker (few of them, actually):
All assets on Felix are backed by real shares off-chain
Each asset from Felix gives a user economic exposure to the underlying asset’s price action and dividends or interest
All purchases and sales closely mirror the underlying shares' respective transactions on the NYSE or Nasdaq
Sounds amazing to me, to be honest. This is the real deal when it comes to staying onchain while having direct, REAL off-chain asset exposure.
“I don't know what's more annoying. That this 4-year cycle continues to play out, or that we continue to ignore it, thinking each time is different just because each time it looks a little different.” We’re here.
The AI news & updates.
Elon Musk says, "AI content will vastly exceed all human content." Read here
Anthropic reportedly considering an IPO as soon as October, seeking to raise at least $60B, read here
An app that makes your Mac moan makes crazy revenue, see here
Grok Imagine and Elong present the new version, check how it looks here
Apple is planning to open up Siri to run any AI service via their App Store apps, info here
Virtuals introduces AI agent deployment, Virtuals Console, read here
The AI tutorials, prompt guides, you name it.
Claude's desktop is becoming a full operating system. Full guide here
Yes, we know the these cards are viral and pumping like crazy right now, but one thing to do today is NOT killing yourselves over Pokémon pictures.
Omma (Creating interactive landing pages)
Agra (Onchain Credit Facility for RWA Liquidity)
RisePay (Stablecoin payroll now live on Monad)
Cline Kanban (Standalone app for CLI-agnostic multi-agent orchestration)
MegaPot (Global lottery) - Raised $5M led by Dragonfly
Where’s the Art of the Deal when we need it the most.
As the farewell below mentions, any amplification and sharing of this newsletter are greatly appreciated! Hop into Discord to debate or tag us on X and let us know what you think!
If this was useful, forward it to one person sitting on the sidelines right now. That's how this thing grows. MUCH appreciated.
Hix0n 🫡
