Dave Portnoy said Bitcoin is "going to zero" and challenged BTC enthusiasts to explain why skeptics calling it a scam are wrong, as it currently looks that way.

Portnoy, founder of Barstool Sports, is known for bold market statements and has actively invested in crypto.

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⚡️ JUST IN: STRATEGY's $STRC hits a new all-time low.

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☠️ 70% of Tokens on Pumpfun Stop Trading at Launch

Analysts at CoinGecko found that around 70% of tokens on the Pumpfun platform cease trading on their launch day. Researchers examined 18.6 million assets created from January 2024 to June 2026, with 12.8 million (68.6%) recording their last trade on release day.

Within the first two days, 80% of all launched coins stopped activity. Only 4.5% of assets traded beyond three months.

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📉 PlanB Predicts Bitcoin May Drop Below $53,000

PlanB, creator of the Stock-to-Flow model, believes Bitcoin is likely to form a bottom below its Realized Price, currently around $53,000.

He notes that in previous bear cycles, Bitcoin always fell below this level. The current Realized Price closely matches the 200-week geometric moving average, which PlanB sees as a key zone for bottom formation.

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"Hi mom, is my room still available ? Yes mom, the bull run was delayed again "

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Cardano was the third largest cryptocurrency with a market cap of $101 billion, now down 95% from its all-time high and valued at $5.2 billion.

Polkadot was the fourth largest cryptocurrency with a market cap of $60 billion, now down 98% from its all-time high and valued at $1.45 billion.

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if you didn’t end up where you wanted to be after the last bull run, there’s a silver lining which nobody can take away from you

there are few people who truly make it during their first bull run - it takes many strokes of luck to make it out alive on your first time

what's coming for you does not come easy.

whether you roundtripped or overtraded: every single trade, win & mistake contributed to building your intuition & the future you which does make it

whilst it's true that only some of us will make it, I believe 'some' is those who never gave up despite everything being stacked against them

godspeed, soldier.

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...

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CryptoPunk #4441 sold for 278 ETH ($438,893).

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Michael Saylor freaks out after being asked where his $MTSR money will come from.

He is currently down a record $16 billion from his failed Bitcoin experiment.

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US-Iran ceasefire is broken after a drone attack on tanker M/T Kiku in the Strait of Hormuz, prompting US to launch massive strikes on Iranian targets.

With US stock markets closed for the weekend, the 24/7 crypto market took the full panic hit, sending Bitcoin below $60,000.

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US and Iran have agreed to discuss strikes and will meet this week.

The announcement was made just one hour before US stock market futures were set to reopen.

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Real

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X has launched the payment service X Money for some Premium+ users in the US.

The early beta test has already been sent to users, offering FDIC insurance coverage up to $10 million.

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🪙 Grayscale Urges Strategy to Sell $3B in Bitcoin

Grayscale research head Zach Pandle urged Strategy to sell at least $3 billion in Bitcoin to cover most of its cash obligations over the next two years and restore market confidence in its capital structure.

In its latest 8-K filing with the SEC, Strategy reported a dollar reserve increase of $300 million to $1.4 billion, enough to cover about 14 months of dividends on its preferred shares STRC with an annual commitment near $1.2 billion.

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⚡️ JUST IN: Bybit will immediately stop offering crypto trading services to all users in the European Economic Area and directs clients to its MICA-licensed EU entity.

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Galaxy CEO Novogratz blamed Strategy for the recent BTC decline, saying Saylor's BTC strategy caused a trust collapse, worsened by the "hawkish Fed."

Novogratz warned BTC could drop to $45,000 if the $60,000 - $59,000 support level fails.

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Bro made 715% profits but it all went to fees

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