Ugliest Chart in Crypto 📉

Ethereum Mainnet turns 11 today. The next chapter is already shipping.

This morning, between 14:18–14:23 UTC, Ostium experienced a security issue leading to a loss of funds from the public OLP vault. Our team identified the issue within minutes and immediately began taking steps to contain it, including coordinating to pause trading contracts within the hour. We are working closely with relevant law enforcement authorities, SEAL 911, and third-party cybersecurity experts. No founder ever wants to deliver an update like this. We recognize the responsibility that comes with building infrastructure that people choose to use and trust. We take that responsibility seriously, and our focus is on resolution and responding with transparency and accuracy. To the stablecoin issuers, bridges, protocols, and security partners who have moved quickly to assist us: thank you for your continued support. We will continue to provide updates as they arise.

We're rolling out a small tweak to boost visibility of your posts to your mutuals (people who you follow back). We noticed this data was missing from the algo and it made your friends appear less in your replies. This resulted in the reply section feeling more like a battleground with people you don't recognize. This should also help clusters form around interests more easily, which many people have asked for.

BREAKING: 𝕏 Money is reportedly launching with 6% APY, up to $10M in FDIC insurance, unlimited 3% cashback and a physical Visa metal card.

The Stock Market DATs are toxic. MicroStrategy worked for years because there was no competition from other treasury companies. Once there is competition, they have fiduciary responsibilities to shareholders. Due to that, whoever sells first wins. $MSTR and other DATs are all dumping on each other which is reflexive. The DATs that sell first win because it crashes their competitors NAV and then the Equity Value of Shares is destroyed with it. We are in an environment where there is no new capital flowing in and these companies need to sell in order to survive. All of the fresh capital and debt has been leveraged already. The Strongest DATs who manage to create cash flows organically will survive, others will continue to head towards zero. Once the failed DAT headlines slow and the remaining companies have stable business models, that’s when crypto will bottom. Follow the Cash Flows and Liquidity 👑

Most people do not realize how many tech giants are already deep bear market territory. Tech Stocks From Record Highs: 1. Coinbase, $COIN: -69% 2. Oracle, $ORCL: -57% 3. Salesforce, $CRM: -57% 4. ServiceNow, $NOW: -56% 5. Netflix, $NFLX: -48% 6. Palantir, $PLTR: -48% 7. Microsoft, $MSFT: -37% 8. Meta, $META: -32% 9. Arm Holdings, $ARM: -27% 10. Broadcom, $AVGO: -26% 11. Marvell Technology, $MRVL: -20% 12. Nvidia, $NVDA: -19% 13. Amazon, $AMZN: -19% 14. Alphabet, $GOOGL: -17% 15. CrowdStrike, $CRWD: -15% 16. Apple, $AAPL: -14% 17. Taiwan Semiconductor, $TSM: -12% The S&P 500 won't tell you this.

$SPCE trading below $5 again is crazy. I’d be shocked if we don’t see this back above $7 before the SpaceX IPO. Position Accordingly ✅

Been watching @virgingalactic closely and finally aped into $SPCE shares. Thesis: - Cheap Space Exposure for SpaceX IPO - $400M MC - First Insider Share Purchases in 6+ Years on May 19th - $185M Backlog w/ $70M+ Customer Deposits ($750k per person) - May 27th Successful Glide Tests - New Ships Ground Testing w/ Full Live Tests in Q3 2026 - Commercial Launch Q4 2026 - Only Space Company Focused on Space Tourism w/ Blue Origin Suspending Opps - Payload or Research Partnership Announcements Would Rerate Stock 2x+ - 25%+ Short Interest - Private Warrants Exercising @ $6.70 Would Raise $200M+ and Transform Financial Health. Hope this helps… To Infinity and Beyond! 🚀

It’s a game of dominos. Even if it isn’t regulation that makes them unwind, it doesn’t matter the cause. All it takes is one large DAT to start selling their treasury for shares and then they are all screwed. What happened to the 50+ OHM forks that launched last cycle that traded below NAV? 99% unwinded themselves or were forced to after being handed lawsuits from investors. This won’t end differently. It’s the 10-25% of toxic DATs that are frauds and unwind to enrich themselves. There isn’t liquidity for it and liquidity is king. I’m not saying that the Top 5 DATs are bad and going to unwind. They have some legit business cases.