shutdown

Jordan says drone shot down 🚨🚨

The Jordanian armed forces have shot down an unidentified drone that entered the country’s airspace, the Jordan News Agency reports.

The army downed the drone in the Jerash Governorate (Balila) in northern Jordan without any casualties, and there was minor material damage, the report said.

$PHB | $BANANAS31 | $FIDA

#BREAKING #news #JORDAN #shutdown

FOMO Network has announced the immediate shutdown of its project after founder Ashley Ward cited health problems, financial pressure, and family concerns.

In a message posted to the project’s Telegram channel on May 16, 2026, Ward said months of extreme working hours had seriously affected his health. He also referenced an incident involving his son and said he could no longer continue operating the project as a single parent.

Ward confirmed that development, marketing, sponsorships, events, and platform operations would all stop immediately. He warned users not to buy the $FOMO token expecting future development, exchange listings, or price support.

A second Telegram update on May 17 confirmed there would be no relaunch and no token recovery effort.

FOMO Network originally launched in late 2023 as a Layer-1 blockchain project. It later attempted a relaunch after its 2024 token collapse, where the token price fell 99% after launch on Uniswap.

The project also faced losses connected to the December 2024 GemPad exploit, which drained liquidity pools across 27 affected projects.

The shutdown comes alongside renewed attention on previous allegations and investigations tied to Ashley Ward and his earlier crypto projects.

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🟡 Bitcoin cools off after peak — and it's not just about profit-taking

Bitcoin has slowed down and is trading around $122,000, which is almost -3.2% lower than the recent record ($126K). It may seem small, but in the crypto world, this is already a significant move.

What's happening:

• Investors have started taking profits after a sharp rise at the beginning of the week.

• Plus, there are concerns due to the shutdown in the USA — the government has been non-operational for the second week, and economic data is delayed.

• Additionally, the Fed hinted that rates may be lowered later this year, but not everyone is sure — inflation is still alive.

• The dollar index (DXY) is rising, which cools interest in crypto — capital is moving to a "safe haven".

🔍 Historical fact: we have seen something similar in October 2021 — back then, after news of the first BTC-ETF, there was also a rise to a record, followed by profit-taking and correction.

Such movement is not a crash, but rather a temporary pause. However, global uncertainty is clearly keeping the crypto market from a new surge.

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