❕ $W has been added to Grayscale’s watchlist of tokens under consideration for future investment products.

This marks another major milestone for Wormhole, highlighting its growing institutional adoption and recognition by one of the world’s leading digital asset management firms.

Some other bullish factors for Wormhole:

🟡Fee switches live, generating revenue for $W token holders
🟡Used by Securitize, Uniswap infra, Google Cloud, etc.
🟡$60B+ cross-chain volume
🟡Rumors of an additional airdrop
🟡Backed by Jump, Multicoin, Brevan Howard, Coinbase Ventures, and ParaFi (raised $225M at $2.5B FDV)

The incentive to run this back is definitely there.

🔹There are only two types of coins right now

• Genuine breakouts
• Failed breakouts

If you’re trading momentum, learn to spot the difference.

Here’s a cheat sheet for trading failed breakouts — with Open Interest as confluence.

🚨 WalletConnect announces Solana community drop

Today at 15:00 UTC, WalletConnect will open the $WCT claim for selected active users across the Solana ecosystem.

Eligibility breakdown:

🔹 Backpack
• Holders of Challenger, Diamond, or Platinum ranks
• 500 random traders active on at least 3 Bonus Round days
• All must have linked Backpack Wallet to Backpack Exchange by June 18
• Snapshot: June 18

🔹Jupiter
• Members of Cat of Culture and Cadets groups
• Voted in all 24 Jupiter proposals
• Snapshot: June 2

🔹 Solflare
• Active users (swaps or staking in the past 90 days)
• Guardian and Ambassador program participants
• First 1,000 users on the Solflare Card waitlist
• Snapshot: June 17

🔹 Solana Mobile
• Underdog users who haven’t received major airdrops
• Recently preordered Seeker and received Chapter 2 Preorder Token
• Snapshot: June 13

🔹 Phantom
• Top 5,000 by swap volume via Phantom (Mar 30 – Jun 24)
• Top 5,000 $pSOL holders
• Snapshot: June 24

Claim link will be shared soon — keep an eye on WalletConnect's page.

$WCT claim page is live.

Connect and check your eligibility
👉 Link 👈

Crypto narratives tier list 👆

Fascinating to see $BTC at $122k while:

🔅Coinbase's App Store rank is over 100
🔅News channels barely talk about it
🔅IRL friends have no idea BTC is at ATH
🔅People aren't flexing on CT

Don't fight the trend. As long as macro keeps improving, we'll go higher.

🇺🇸 US shifts its stance on DeFi

After years of pressure, the government is finally pivoting. The new SEC chair has dropped the Coinbase case, denounced the agency’s past approach, and is pushing to officially recognize DeFi as part of the financial system.

What’s happening:
🔥The Tornado Cash trial is still set for next month
🔥 But the SEC now says: past actions were a mistake
🔥 Staking is no longer seen as a violation of securities law
🔥Temporary rules are being drafted so projects can launch before full regulation
🔥 Custody and DeFi are now framed as core American values
🔥 The latest SEC event was literally titled “DeFi and the American Spirit”

Why it matters:
Stablecoins are now viewed as tools to strengthen the dollar. Crypto companies are going public. Politicians from both sides are starting to support the industry — not out of love, but pragmatism.

This isn’t hype. It’s a shift.
And it opens the door for real projects with real users and sustainable models.

⚡️Project updates:

🔺WalletConnect — launching the $WCT airdrop for active Solana users: includes Backpack users, Jupiter voters, and top Phantom wallets. Full criteria here.

🔺Opensea — added a new $50 swap quest (any chain eligible)

🔺Backpack — introduced a new Achievements system. Complete tasks to earn unique badges

🔺Caldera — launched the $ERA drop checker.
7% of supply allocated. PoH required. Deadline July 17

🔺Сhainbase — claim your airdrop. Eligible users include active contributors, platform users, and AVS node operators. Tokenomics here.

🔺OP Net — added a new Galxe quest.
Reward: “Sage” role.
Answers: B, C, C, D, C, A, C, B, B, B. Deadline July 19

📣Macro updates:

🔻A dormant whale holding 80,000 BTC since 2011 has begun moving funds — over 16,800 BTC already transferred

🔻Moscow Exchange will begin trading futures on the iShares Ethereum Trust ETF by BlackRock in August

🔻Stablecoins now facilitate over $800 billion/month in transactions

🔻Hungary introduces strict crypto rules, including fines for users of unlicensed exchanges

🔻Pump Fun token sale closed in 12 minutes, raising $600M. $PUMP listed on Binance futures at $0.005

🚀Plasma kicks off token sale phase 2 — and reveals XPL tokenomics

Plasma’s public sale is moving forward: Phase 1 is over, and Phase 2 has officially begun.
Deposits and withdrawals are now locked for at least 40 days, and KYC is closed.

🗓 Phase 3 (when you actually buy XPL) starts July 17 at 13:00 UTC and ends July 28 at 13:00 UTC.

Today, the team also dropped full tokenomics for $XPL — Plasma’s native token for gas and validator rewards.

🔑 Key points:
⚪️Initial supply: 10B XPL, with PoS-based inflation
⚪️ Validator rewards start at 5% APR, decreasing 0.5% yearly until they hit 3%
⚪️Base fees will be burned (EIP-1559 model), keeping inflation in check
⚪️By 2028, total supply expected to reach just over 11B tokens
⚪️10% allocated to the public sale, fully unlocked at TGE (except US citizens: 1-year lock)
⚪️40% for ecosystem growth, with 8% unlocked at TGE for DeFi, liquidity, and campaigns
⚪️25% to the team, 25% to investors

💡 Reminder: Tokens you staked in Phase 1 are locked — you’ll need fresh funds to claim your allocation.

📣 James Wynn opens BTC long with 40x leverage

He deposited $468K USDC on HyperLiquid and opened a 40x long on Bitcoin.

His liquidation price is set at $115,570.

📈 The two-year MA multiplier has historically been a perfect tool to spot cycle tops.

As it stands, we're not even close to hitting the MAs again.

Current 2yMA x3 sits at $185,000.

Room to grow.

⏬ James Wynn hit with partial liquidation on $BTC and $PEPE longs

His 40x long on $BTC and 10x on $PEPE were partially liquidated on HyperLiquid after a wave of volatility.

High leverage, high risk — the market took its share