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This guy turned $990.5K into $10.02

Hard truth of memecoins
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Eigen Labs has launched EigenCloud β€” a cloud platform for Ethereum restaking, backed by $70 million in funding from a16z.
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PumpFun continues dumping $SOL.

Since May 19, 2024, PumpFun has sold around 4.1M $SOL worth $741M at an average price of ~$180.

β€” 264,373 $SOL sold for $41.64M USDC at $158
β€” 3.84M $SOL (worth $699M) sent to Kraken at $182
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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
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Crypto Insider
PumpFun Ban β€” What Happened? Twitter suspended PumpFun and related accounts after a lawsuit revealed possible fraud. Key claims: β€’ Pump-and-dump schemes β€’ No KYC/AML β€’ Harmful marketing and offensive tokens β€’ 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.
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Thailand just approved a 5-year tax break on crypto profits β€” no capital gains tax until 2029.

But with this cycle? Nobody has gains anyway.
A rehab clinic for PumpFun victims would be more useful.
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Asset returns since 2020.
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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.
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The only Bitcoin indicator you need.

We are going way higher, get ready.
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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.
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Tether just minted another 1B $USDT.

The last two times Tether minted $USDT, $BTC pumped.
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China’s Central Bank says blockchain drives stablecoin growth, reshapes cross-border payments, and challenges financial oversight
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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 batchesβ€”on June 8, June 13, and June 18β€”taking an estimated loss of ~$3.5M.
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Solana 🀝 ICP

Solana is integrating with the Internet Computer Protocolβ€”joining Bitcoin and Ethereumβ€”enabling cross-chain smart contracts across all three blockchains.
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ETH pumped 50% in a week after the last FOMC meeting
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Mysterious trader AguilaTrades has closed most of his long $BTC position.

The remaining position is currently valued at $77M.

He initially opened positions worth $424M, but has reduced his exposure from 3,952.66 $BTC to 736.5 $BTC.

In his previous trade, Aguila lost $12.5M, and total losses now exceed $15M.
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