DEGEN Crypto Club

🗣 Bitcoin and altcoins take a heavy hit The crypto market lost over $120B in capitalization within 24 hours. • BTC: $109,300 • ETH: $3,920 • BNB: $940 • SOL: $195 Long-term holders cashed out 3.4M BTC in profits, while short-term traders sold at a $2.2B loss. Futures saw nearly $1B liquidated, with $857M coming from longs. DEGEN Crypto Club on Bybit

🗣 USDC issuer Circle is exploring a controversial feature: reversible transfers. Speaking to FT, president Heath Tarbert explained that the company wants to reduce fraud and align stablecoins with banking practices that allow refunds. Still, many in the industry see this as a dangerous precedent that goes against the “code is law” ethos of crypto. DEGEN Crypto Club on Bybit

🗣 Trader Loses $30M in Six Days Machi Big Brother, who grew his Hyperliquid account from zero to $42.6M in four months, saw profits collapse to $11.6M in just six days. His biggest losing positions: Ethereum long 15x (−$10M+) and PUMP long 5x (−$10M+). DEGEN Crypto Club on Bybit

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🗣 Market Downturn Hits BTC and ETH BTC slipped under $112K, while ETH broke below $4K. Coinglass data shows $400M in liquidations over 24 hours, with $250M in longs lost within 4 hours. DEGEN Crypto Club on Bybit

🗣 BNB Chain Considers Lower Fees and Faster Blocks The proposal suggests cutting gas from 0.1 to 0.05 Gwei and reducing block times from 750 ms to 450 ms. This would make transactions cost around $0.005, keeping BNB Chain competitive against Solana and Base. Validators and users will decide on the change. DEGEN Crypto Club on Bybit

⚡The legendary Jon "Bones" Jones has officially become 1win's global ambassador!

"I've learned one thing throughout my career: to stay at the top, you have to surround yourself with the best... My choice is 1win. We both strive for dominance. It's that simple."

— Jon Jones, G.O.A.T. When the best chooses the best, it's not just a partnership—it's a pattern. History is being written right now. Champions choose 1win 🥇

🗣 Global Money Supply Nears All-Time High The M2 indicator is close to a record peak. Analysts note that such periods have historically been followed by a rise in Bitcoin’s price. DEGEN Crypto Club on Bybit

Parish Funds Vanish in Crypto Scam A church accountant in South Korea misused $350,000 in donations, investing in crypto following fake trading signals. The funds were lost, the chatroom disappeared, and police are now investigating. DEGEN Crypto Club on Bybit

🗣 FTT Soars on a Morning Greeting Sam Bankman-Fried’s Twitter account showed “gm” overnight. Despite SBF being behind bars, the token jumped 50% and trading volume spiked six times. DEGEN Crypto Club on Bybit

🗣 Bitcoin Leads the Boom in Crypto Wealth The global tally of crypto millionaires climbed 40% to 241,000. Bitcoin was the main driver, with millionaire counts up 70% in a year. In total, crypto millionaires now hold $3.3T in assets. DEGEN Crypto Club on Bybit

🗣 The SEC is preparing an “innovation exemption” for crypto firms by year’s end. The initiative aims to ease compliance requirements, allowing companies to test products and services in a lighter regulatory environment. DEGEN Crypto Club on Bybit

🫡 Turbo stickers are now dropping on StickerX 👋 A Top-200🏆 CoinMarketCap token ith $240M+ market cap😱 is launching its own sticker collection. The demand will be crazy. Turbo’s community is likely to buy them all out 🤑

Recent StickerX drops already sold out in minutes… imagine what happens when a project this big launches its sticker pack

Looks like serious gains are inevitable here↗️ Don’t waste time – grab while you can! 👉 @stkrX_bot

Plus, 1000000 $TURBO will be raffled among sticker holders – 143 winners, 6969 tokens each. The more packs you hold, the higher your chances 🤑

🗣 Ukraine’s Central Bank Bans Trustee Plus The NBU ruled that Trustee Global UAB must stop offering services via the Trustee Plus wallet, citing unlicensed payment activities. Existing users are unaffected, and funds remain safe. New registrations in Ukraine were already halted on May 22. DEGEN Crypto Club on Bybit

🗣 The crypto platform World Liberty Financial is developing a debit card powered by its USD1 stablecoin. Co-founder Zack Folkman said the service will combine trading and payments in one app, with Apple Pay integration. Launch schedule and network partners are still under wraps. DEGEN Crypto Club on Bybit

🗣 A Steam update for BlockBlasters contained hidden malware that stole cryptocurrency from players. Reports say 478 people were affected, losing more than $150,000. The case became public after streamer RastalandTV’s wallet was drained of $32,000 while live on air. DEGEN Crypto Club on Bybit

🗣 According to CryptoQuant, the phase of active altcoin rotation is nearing its end. After Ethereum’s short-term pump, traders explored alternatives, but momentum is fading across the board. ETH trading volumes are down, exchange outflows are up, and no reversal signals are visible. DEGEN Crypto Club on Bybit

🗣 Young boss, big layoffs Diego Pazini, just out of school in 2023, was put in charge of a Grok team by Elon Musk. He axed 600 people, quizzed staff with memes, and fired anyone doubting his role. DEGEN Crypto Club on Bybit

🗣 Building on corrections — CZ

Support levels are like a house’s foundation — they come from pullbacks.

The former Binance head sees dips as necessary building blocks. DEGEN Crypto Club on Bybit

🗣 Crypto markets tumble: BTC hits $112K Over $1B in positions were liquidated in one hour, $1.7B in a day. The sell-off was fueled by concerns over a potential US government shutdown. DEGEN Crypto Club on Bybit