Michael Burry, known for betting against the market before the 2008 crisis, is now shorting AI chip stocks Micron, Nvidia, and Applied Materials.

He believes these stocks are overheated not by fundamentals but by AI hype.

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Going broke sucks.

But going broke using your money to try to make more money is a different type of pain.

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🔹 Ethereum Unveils Four-Year Lean Roadmap

Vitalik Buterin has released the updated Lean Ethereum roadmap, outlining a series of changes comparable in scale to the shift to Proof-of-Stake. The plan includes overhauls to consensus, verification systems, data storage architecture, and cryptography.

ERC20 tokens and most DeFi protocols are expected to reduce fees by more than 10 times. Privacy is set as a top priority, with quantum security becoming a key focus. Existing applications will continue operating without changes.

The upcoming Hegota fork will be the last "old" update before the Lean era begins.

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⚡️ JUST IN: Ripple receives EU CASP license, becoming fully MiCA-compliant across the European Economic Area.

This license allows Ripple to operate under the new crypto regulations in the region.

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Almost half of Bitcoin's total supply is currently at a loss, with most of these coins held by long-term holders, experts at Bifinex noted.

They pointed out that the market bottom comes when these holders capitulate, but instead, they are accumulating.

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🖕 Trump Claims No Salary, Crypto Income Soars

In February, speaking at a business forum in Rome, Georgia, Trump claimed to be the first US president to refuse his salary, totaling $2-2.5 million over four years.

However, according to the 2025 declaration, crypto projects like TRUMP and WLFI generated at least $1.4 billion in income for the current head of state. Meanwhile, about one million investors in the president’s memecoin face combined losses of $3.81 billion, reported NYT.

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⚡️ JUST IN: BONKDAO treasury drained of $20M in $BONK tokens through a malicious governance proposal.

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Too real.

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Strategy sold 3,588 BTC (about $225 million), leaving 843,775 BTC on its balance sheet.

The sale was needed to pay dividends on preferred shares and to replenish the company's dollar reserves. Bitcoin briefly dropped following the news.

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🪙 Crypto Trader Machi Aims to Recover $80M in One Trade

Known crypto trader Machi Big Brother plans to "get everything back" with a single trade. He lost about $80 million on ETH longs.

His current ETH long uses 25x leverage with a $20 million position entered at $1,735. This shows Machi Big Brother's strong conviction in ETH.

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If Saylor, who consistently buys at highs and sells at lows, can hold Forbes rank 1279, you can succeed too, buddy.

It's just a matter of time.

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🚩 Ctrl Wallet Shuts Down After Hack

Ctrl Wallet, a multichain wallet with over 2,500 networks, is closing after a June 23 hack via a Cardano wallet vulnerability. The platform never recovered.

From August 3, sending, receiving, and swaps will be disabled. Downloads have stopped. Users must withdraw funds or export seed phrases before then, afterward, only seed phrase import into wallets like MetaMask, Trust Wallet, or Phantom will work.

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Investors have been withdrawing funds from spot Bitcoin ETFs for 8 consecutive weeks, totaling $8.3 billion outflows.

Last week alone saw a net outflow of $526 million.

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The Saylor Indicator predicts growth again after Strategy sold Bitcoin for tax optimization in 2022, which preceded a new growth cycle.

Now, the company has sold BTC again to fund payments on STRC, suggesting history might repeat.

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A reminder that somewhere out there is a person whose wealth is 10 times yours simply because they were not smart enough to realize the risks of a huge bet, yet still made it and it paid off.

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BNB Chain is building a new L-1 blockchain for AI trading with a testnet by the end of this year and mainnet next year. It targets CEX-level speed: 50 ms confirmation, 100,000 TPS, no public mempool.

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✋ Paradigm Raises $1.2B for AI Investments

Paradigm, a well-known crypto-focused venture fund, has closed a new $1.2 billion fund. Unlike its previous funds that mainly invested in crypto, this capital will be primarily directed toward artificial intelligence and robotics.

This is Paradigm's third venture fund. According to Bloomberg, the fund is shifting more aggressively into AI amid a surge in interest in the sector and a relative slowdown in crypto investments.

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BlackRock is buying BTC for the first time in a long while, moving about $250 million from Coinbase to its wallets over the last two days.

BTC also continues to show notable strength despite the renewed conflict in Iran

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but most people won't do it

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