Arthur Hayes Releases New Essay: “Take a Position”
Key Idea
The golden rule of stablecoin investing: the success of any issuer depends entirely on distribution channels.
Without access to crypto exchanges, social media, or traditional banks — the project is doomed to fail.
https://cryptohayes.substack.com/p/assume-the-position
Key Idea
The golden rule of stablecoin investing: the success of any issuer depends entirely on distribution channels.
Without access to crypto exchanges, social media, or traditional banks — the project is doomed to fail.
https://cryptohayes.substack.com/p/assume-the-position
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PumpFun Ban — What Happened?
Twitter suspended PumpFun and related accounts after a lawsuit revealed possible fraud.
Key claims:
• Pump-and-dump schemes
• No KYC/AML
• Harmful marketing and offensive tokens
• Founders accused of building a scam ecosystem
Tokens may violate the Howey Test — if ruled securities, exchanges could start mass delistings.
Some say the ban’s tied to using unofficial Twitter APIs and sniper bots.
Nothing confirmed yet, but the risk to the meme coin market is real.
Twitter suspended PumpFun and related accounts after a lawsuit revealed possible fraud.
Key claims:
• Pump-and-dump schemes
• No KYC/AML
• Harmful marketing and offensive tokens
• Founders accused of building a scam ecosystem
Tokens may violate the Howey Test — if ruled securities, exchanges could start mass delistings.
Some say the ban’s tied to using unofficial Twitter APIs and sniper bots.
Nothing confirmed yet, but the risk to the meme coin market is real.
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Mysterious trader AguilaTrades has started realizing losses on his $BTC position.
He deposited $7.5M $USDC into HyperLiquid to lower the liquidation price of his 20x leveraged long.
Aguila is now closing the position at a loss. His current unrealized loss exceeds $13.5M.
Source: https://hyperdash.info/trader/0x1f250Df59A777d61Cb8bd043c12970F3AFE4F925
He deposited $7.5M $USDC into HyperLiquid to lower the liquidation price of his 20x leveraged long.
Aguila is now closing the position at a loss. His current unrealized loss exceeds $13.5M.
Source: https://hyperdash.info/trader/0x1f250Df59A777d61Cb8bd043c12970F3AFE4F925
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Crypto Insider
PumpFun Ban — What Happened? Twitter suspended PumpFun and related accounts after a lawsuit revealed possible fraud. Key claims: • Pump-and-dump schemes • No KYC/AML • Harmful marketing and offensive tokens • Founders accused of building a scam ecosystem…
Rumors suggest that PumpFun’s account on X was suspended for refusing to pay $5K/month for API access.
That’s just 0.35% of their revenue in the past 24 hours.
That’s just 0.35% of their revenue in the past 24 hours.
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JPMorgan is launching the deposit token $JPMD on the Base blockchain.
This marks the bank’s first deployment on a public blockchain network.
The token represents U.S. dollar deposits and will initially be used by institutional clients.
Unlike stablecoins, $JPMD may eventually generate interest and be FDIC-insured.
This marks the bank’s first deployment on a public blockchain network.
The token represents U.S. dollar deposits and will initially be used by institutional clients.
Unlike stablecoins, $JPMD may eventually generate interest and be FDIC-insured.
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Exploit of Iranian crypto exchange Nobitex.
On-chain sleuth ZachXBT reported a possible hack of Nobitex, Iran’s largest crypto exchange. According to him, $48.65M was drained from wallets linked to the platform on the Tron network.
The suspected attacker used a vanity address with a political message:
TKFuckiRGCTerroristsNoBiTEXy2r7mNX.
On-chain sleuth ZachXBT reported a possible hack of Nobitex, Iran’s largest crypto exchange. According to him, $48.65M was drained from wallets linked to the platform on the Tron network.
The suspected attacker used a vanity address with a political message:
TKFuckiRGCTerroristsNoBiTEXy2r7mNX.
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Tether just minted another 1B $USDT.
The last two times Tether minted $USDT, $BTC pumped.
The last two times Tether minted $USDT, $BTC pumped.
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Crypto Insider
PumpFun Ban — What Happened? Twitter suspended PumpFun and related accounts after a lawsuit revealed possible fraud. Key claims: • Pump-and-dump schemes • No KYC/AML • Harmful marketing and offensive tokens • Founders accused of building a scam ecosystem…
Crypto platform "Pump Fun" to be banned in the US in the coming weeks.
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PEPE whale 0x6ea4 deposited the last 600B $PEPE($6.04M) to Binance 50 minutes ago.
A month ago, the whale withdrew 2.2T $PEPE ($27.64M) from Binance, and has since deposited it back in three batches—on June 8, June 13, and June 18—taking an estimated loss of ~$3.5M.
A month ago, the whale withdrew 2.2T $PEPE ($27.64M) from Binance, and has since deposited it back in three batches—on June 8, June 13, and June 18—taking an estimated loss of ~$3.5M.
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