Analysis of yesterday's events in the market: why did many traders end up without funds? 🧐
Let's leave out the influence of Trump and his tariffs. It's clear to a fool that such news alone could not create the most significant decline in the history of crypto. The reasons for the sell-off run much deeper and are hidden from most eyes… 1. The well-known market maker Wintermute, which has previously been involved in the SCAM of several coins 😈, transferred assets worth about $700 million to the Binance exchange in just a few hours, including approximately 2000 BTC.
⚠️ Buterin sounds the alarm: quantum computers could hack crypto by 2028
Vitalik Buterin officially warned: the crypto market has less than four years to protect itself from a quantum breakthrough. And yes, this is not a fantasy — he stated this at Devconnect. 😐 What did Buterin say? According to him, quantum computers could crack current cryptography even before the 2028 US presidential elections.
🚀 SPACE X IPO AT $1.75 TRILLION — THE GREATEST COMPANY OR A PRETTY EXIT FOR INSIDERS?
Today, June 12, #SpaceX is hitting #Nasdaq under the ticker $SPCX. $135 per share, valuation at $1.75 trillion, aiming to raise $75 billion — three times more than the record set by #SaudiAramco in 2019. Formally — the largest IPO in financial history. But let's get to the numbers. Ownership structure: Insiders hold 95% of all shares — that's ~$1.66 trillion in private hands, just waiting for the exit door to swing open. The lock-up is unusually soft: the first unlock happens right after the June report if the price shoots above the IPO. Then there'll be waves on the 70th, 90th, 105th, 120th, and 135th day. After Q3 — another big block.
🎂 16 YEARS AGO, THEY GAVE AWAY BITCOIN WORTH $1 TRILLION — JUST LIKE THAT, FOR A CAPTCHA
Today marks the anniversary of one of the most valuable altruistic gestures in tech history.
On June 11, 2010, developer #Gavin Andresen posted on #Bitcointalk about what he called a "really dumb idea" — launching the site freebitcoins.appspot.com, where anyone could snag 5 BTC just by solving a captcha. No registration, no verification, no strings attached.
The logic was simple and fair: the more people got their hands on #Bitcoin , the better the chances that the project would survive.
Andresen initially funded the first 1,100 BTC from his own pocket. Then early miners jumped in and donated more. In total, they handed out 19,700 BTC — today worth over a billion dollars.
Back then, 5 BTC was worth just a few cents. People solved the captcha, grabbed coins — and almost certainly didn’t save their wallets. They deleted the file, reinstalled Windows, or simply forgot.
Right now, there's probably someone who spent 30 seconds on a captcha in 2010, got 5 BTC, and has no idea they once held $350,000.
And at that moment, Andresen wasn’t selling the price, launching a token, or raising funds. He just wanted the idea to survive. And it did.
🔓 RAYDIUM HACKED FOR $1.34 MILLION — THROUGH CONTRACTS THAT HAVE BEEN AROUND FOR 3 YEARS
No need to panic — but it’s worth understanding.
It wasn’t the exchange itself that got hacked, but the legacy AMM V3 — five outdated liquidity pools that were deprecated back in 2021 after the demise of #Serum. No active interface, no current users. Just dead contracts that were completely forgotten.
The hacker created a fake LP mint and bypassed the security checks during the withdrawal. The vulnerability isn’t in fresh code, but in the logic from three years ago that nobody got around to fixing.
The good news:
#Raydium stated that they will cover the losses of the affected users from their treasury. Current CLMM pools and new versions of the AMM are unaffected — continuing to operate as usual.
This is a perfect illustration of one of the main problems in DeFi: new contracts get audited and patched, while old ones are forgotten. Teams move ahead, Legacy hangs in the background for years. Hackers aren’t in a rush — they just wait until everyone forgets there’s anything there at all.
$1.34 million for a three-year vulnerability — a costly reminder about digital hygiene.
The trading bot #Blum has quietly passed into the afterlife. No loud announcements, no farewell posts — it just stopped working at some point, and that’s it.
Chronicle of decline:
Accounts are frozen. Chats have been dead since the end of March — so the silence has lasted for several months; just not everyone noticed. The team responds to user inquiries with the classic line:
"We are aware of the issues and are looking into it" 😂
In crypto, this is a universal euphemism. It roughly translates to "we also don’t know what’s going on, but we don’t want to admit it yet".
The story is as old as time: hype, FOMO, promises, listings — and then silence. Blum gathered millions of users riding the wave of Telegram games and mini-app boom, distributed tokens, conducted listings — and gradually faded away.
There will be no moment of silence — there are many more stories like this ahead.
ZEC dropped from 688 to 250 — that's a 63% hit. Now it's at 420, and half the traders are thinking, 'Hooray, let’s buy the dip.' I see it differently.
MACD is in the red. EMA is pushing down. Volume is weak. This isn’t a reversal; it’s just a breather before the next wave of decline. The market loves to show you green candlesticks right before it snatches your money — that’s its favorite move.
Smart money is already exiting, and you’re stuck in a long hoping for a miracle?
Hamster caught the pump — but who will catch the bottom?
HMSTR skyrocketed to 0.0003254 in just a few hours. +37% and everyone’s shouting “to the moon.” But let’s look at the facts.
The candlestick with a huge upper wick is a classic sign that big players are offloading their positions on the hype. A pullback is already underway. The order book doesn’t lie: 67% are sellers, 33% are buyers. Money is flowing out.
The volume in dollars is only 142 million with 562 billion coins. This is speculation, not growth.
I've been in this mode for about two years now. During this time, I learned what it feels like to deceive my close ones. After getting my paycheck over the weekend, I planned to head home to my parents in the village — but I left my entire paycheck at the casino that same day. I told my mom I took out cash and lost it on the way from the ATM. I went back to look for it — found nothing. It's the situation's fault. Not mine.
⚖️ ANONYMOUS DECIDED TO SUE FOR 3.8 MILLION BTC — AND WOKE UP WALLETS THAT HAD BEEN ASLEEP FOR 14 YEARS
The most absurd legal scheme of the year.
A lawsuit has emerged in New York from a certain Noah Doe and two shady LLCs from Wyoming. The goal is to claim ownership of 39,069 old BTC wallets that haven't moved in years. In total, they hold about 3.8 million BTC — nearly 18% of the entire Bitcoin supply.
The logic is as simple as a corner store: since the owners are silent — the assets are abandoned, and abandoned property can be claimed through court. Only instead of finding a lost wallet on the street — it's $285 billion of someone else's money.
A separate masterpiece is the notification method:
No names. No addresses. No emails. The lawyers got creative: they sent tiny BTC payments to the wallets with a link to the court notification. Literally a summons through the blockchain. Each wallet had 90 days to respond and prove that the coins weren't abandoned.
And then the scheme cracked: A 2011 wallet with 35.55 BTC, which had been dead for 14 years, suddenly came to life and moved coins worth $2.5 million. Following that, another old-timer from the same era woke up and transferred 20 BTC.
The whole structure was built on the thesis that "the owners are no more." The owners emerged from the cave, silently moved their coins, and took a sip.
😱 CONNECTED MY WALLET TO A FAKE EXCHANGE — LOST $660K IN SECONDS
One of the most painful stories of the week. And, unfortunately, far from the last of its kind.
A guy visited a crypto exchange site that looked completely legit — interface, logo, everything in place. He connected his wallet. And almost immediately lost $660,000.
No transaction confirmations, no warnings. Just — gone.
The final touch:
Once he came to his senses, the guy messaged the scammers and offered $60k as a reward for returning the full amount. They declined. Makes sense — why return $660k for $60k when you can just keep $660k?
Here's the lowdown on how this works: fake exchanges don’t steal through hacks — they get permission from the victim themselves. When connecting a wallet, the site asks for approval to manage tokens, and if the person confirms it — the script drains everything automatically in a matter of seconds.
🤦 GOT A TATTOO ON HIS FOREHEAD WITH A TYPO, DIDN'T GET $2K — AND RANDOMLY EARNED MORE
You can't make this stuff up. Only crypto, only hardcore.
This guy decided to take on a task: tattoo the ticker of the token #BOUNTYWORK on his forehead for a reward in BOUTYWORK without the letter "N".
Now that's forever.
It gets worse:
The promised $2,000 never got paid out. Formally, the task was done incorrectly — the ticker was wrong. The guy with the forehead tattoo ended up with no cash and a permanent reminder of his rush.
But the crypto community didn’t let him down:
The community quickly picked up on the theme and launched a token with the typo ticker — $BOUTYWORK. The meme came to life. The guy started raking in commissions from trading this token — and ended up earning more than the initial $2,000 for the task.
Now he’s thanking everyone for the support and casually asking #PumpFun to reconsider the payout decision — just in case.
Moral? There are a few. Don’t rush into face tattoos. Double-check the text before inking. And never underestimate the crypto community — they can monetize literally any mistake.
🪙 UNCOVERED A COIN WORTH $1.8 MILLION AFTER 12 YEARS OF WAITING — AND LOST ITS COLLECTIBLE VALUE
One of the most beautiful 'HODL' cases in crypto history.
The owner of the physical coin #Casascius with a denomination of 25 BTC finally decided to break the protective hologram and for the first time in 12 years transferred the bitcoins to a new wallet. Back in the early 2010s, when the coin was issued, those 25 BTC were worth less than $100. Today — around $1 800 000.
This person literally held $100 in their hands and didn't touch it for 12 years. That’s discipline bordering on supernatural.
But there’s one catch: Casascius — is not just a holder of bitcoins, it’s a collectible artifact. 'Untouched' coins with an intact hologram are valued among collectors significantly higher than the value of the BTC itself — people are willing to pay tens of thousands of dollars for the mere fact of its untouched state. Once the hologram is broken, the coin turns into an ordinary metal disc.
So the owner got $1.8 million in BTC, but lost a rare historical artifact that would have been worth even more in collectible condition.
Was this the right decision? It depends on whether you’re a trader or a historian. The bitcoins are now safe in a modern wallet — physical holders are still vulnerable.
💸 BOT RANDOMLY TRANSFERRED $280K TO A STRANGER — THEY POLITELY REFUSED TO RETURN IT
Imagine waking up in the morning, opening your wallet — and there it is, 167 ETH (~$280,000+). Unfamiliar, unsolicited, just fell from the sky.
This is exactly what happened to one lucky trader. Some crypto bot messed up and sent him a hefty sum by mistake. The developers quickly traced the address, reached out, politely explained the situation, and even promised a reward for the return.
The guy listened. Thought it over. And said no.
And you know what — from a technical standpoint, he’s absolutely right. The blockchain is immutable. The transaction is valid. He bears no fault for someone else's error. In traditional finance, a bank can forcibly reverse an erroneous transfer. In crypto — no way. That’s a feature, not a bug.
The other question is moral. Technically, the money is yours, but you know it belongs to someone else.
🤔 Would you return it?
Drop your thoughts in the comments — curious to see the ratio of honest to practical 👇
🏠 THE FIRST MORTGAGE BACKED BY BITCOIN IN THE USA — AND THIS CHANGES EVERYTHING
Quietly, without any flashy headlines, something truly significant just happened in the USA for the entire crypto market.
An American secured a home mortgage without selling their Bitcoin. Instead, BTC was locked up as collateral for a separate loan — the cryptocurrency remains with the owner, just temporarily immobilized. The deal is backed by #Coinbase, and BTC or USDC are accepted as collateral.
Why this is more important than it seems:
The transaction was carried out under the standards of Fannie Mae — one of the key players in the American housing market, which processes about 50% of all mortgages in the country. The volume of associated assets amounts to trillions of dollars.
This is not a startup experiment or a gray scheme. This is the integration of crypto into the most widespread financial product in the history of the USA.
For long-term BTC holders, this fundamentally changes the logic of ownership. Previously, the choice was simple: sell your crypto — buy property. Now a third option emerges — hold the asset, use it as a tool. This is how traditional capital has worked for centuries: wealthy individuals don’t sell stocks and real estate; they take loans against them.
🐟 "SAVE THE FISH" — NEW RUG PULL SCHEME FOR $255K. AND IT WORKED
The meme coin market of 2026 continues to evolve. Now — towards animal welfare.
A stream went viral on Twitter: a guy promised to kill his fish if his meme coin didn't hit a market cap of $1 million. Not "I'm buying a Lambo," not "I'll shave my head" — he’ll kill the fish. Brilliant in its simplicity.
Community reaction:
No one called the psychiatric service. No one filed a complaint. No one ignored it. Instead, thousands of people started buying the token to save the goldfish from its sociopathic owner.
The market cap skyrocketed to $7 million — seven times the target.
The creator pulled a rug for $255,000 and vanished.
It's hard to even be mad — this is almost a perfect setup. Classic meme coins exploit greed. This one — sympathy. People genuinely believed they were part of a noble mission to save a living creature, and they poured liquidity into the shield.
By the way, the fish that so many strangers worried about is probably still swimming in the aquarium. But the $255k — that’s gone.
🔥 $1.4 TRILLION INVESTED — RETURNS ARE HALF AS MUCH. IS THIS A BUBBLE OR THE FUTURE?
Numbers that make you think.
By May 2026, AI companies and big tech have poured about $1.4 trillion into infrastructure. Actual revenue is roughly half that. Data centers are being built, electricity is being gobbled up by megawatts, chips are being hoarded — and profitability is nowhere in sight.
Who's really making bank right now:
Nvidia. The company sells shovels in the digital gold rush and rakes in hundreds of billions — while everyone else dreams of striking gold someday. A classic play, known since the California gold rush of the 19th century.
The comparison that's already being made:
Many experts draw parallels not just with the dot-com crash of 2000, but with bubbles before the Great Depression. Back then, the crowd leveraged their credit to pour money into radio, cars, and electricity — real and important technologies, but valued at astronomical levels. The same thing is happening now with AI, chips, clouds, and data centers.
While Nvidia sells matches — everyone else is piling up firewood.
This isn’t crypto, but you can't just overlook something like this.
The guy won a private jet in a #MrBeast video. Sounds like a dream, a viral moment, millions of views, envy from followers. Just live it up and enjoy.
Instead, he decided to monetize the asset right away with his own scheme. When he got nabbed at the airport, they found 260 kg of marijuana in his jet worth around $3.6 million.
The jet literally turned into a flying stash house.
He got a private plane for free, made it into a video with hundreds of millions of views, could have sold the jet, rented it out, or just flown in comfort — and he chose this path out of all the possible options.
This isn’t even greed. It’s some kind of special talent for making the worst possible decisions at the best possible moments.
💸 POLYMARKET JUST LIQUIDATED A TRADER FOR $500K — THE RULES WERE CHANGED AFTER THE MARKET CLOSED
A story that makes your blood boil. And it's not just about the money.
What happened:
On Polymarket, there was a market: "Will MicroStrategy sell Bitcoin before May 31, 2026?" A trader under the handle willo2 noticed on-chain and in the official reporting that the company indeed sold 32 BTC at the end of May. He took a "Yes" position. The logic was solid — the fact of the sale was confirmed.
The platform closed the market with a "No" outcome. The trader lost $500,000.
Polymarket's argument:
The official MicroStrategy report was filed on June 1 — after the market deadline, so it doesn't count. Sounds formally acceptable. But there’s a catch.
The main issue:
In the original market rules, there was no deadline for submitting reports. This condition was added after the market closed. So, the trader played by one set of rules but lost according to another — which were written after the fact.
This isn’t a system error — it’s a feature. Polymarket employs oracles and committees to resolve disputes, and in gray areas, decisions can be... let's say, subjective. The sale was real. The report was official. But the $500k went in the other direction.
👁️ UKRAINE GIVES POLICE ACCESS TO ASSETS OF ALL CITIZENS — BILL ALREADY IN THE RADA
Yesterday's news about police racketeers and today's developments paint a very concerning picture.
The Verkhovna Rada registered bill No. 15260, which significantly expands the powers of the National Police in checking "unjustified assets".
What the police will get if the law is passed:
Access to information about real estate, property, and assets, corporate rights, as well as data from state registries and databases. In addition, the right to search for and seize property, request information from state bodies and legal entities, and involve experts for asset valuation.
One particular point that is nerve-wracking:
For ignoring requests or failing to provide information, they plan to tighten responsibility. Responses to requests will need to be provided within 3 days.
In this context, crypto stops being just an investment and becomes a matter of personal financial security.