OVERVIEW

Wrapeth Now Thine Own Forehead In Foil 🌌

Before we dive in, here’s today’s crypto market heatmap:

And here’s a look at crypto’s total market and altcoin market cap charts:

NEWS IN THREE SENTENCES
Crypto News 📰

♟️ New World & Razer Team Up: Humans Only, Bots Need Not Apply

Gamers are sick of AI-driven bots messing with leaderboards and in-game economies, so Razer ($RAZFF ( ▼ 20.59% )) and World ($WLD.X ( ▼ 1.35% )) are rolling out “Razer ID verified by World ID.” This proves you’re a real player, preserving fair competition while keeping personal info private. It’s a small step for an industry that’s fed up with spammy bots - and a giant leap for human-centered gaming. WorldCoin.

✴️ AI Agent Goes Astray, Loses $100K

An “AI-driven” trading account called aixbt coughed up 55.5 $ETH.X ( ▼ 0.93% ) H after apparently being tricked into sending funds to some random wallet. The project’s “AI agent” tried to downplay it as a mere 30 ETH loss, but on-chain data begs to differ. Team members claim the fiasco stemmed from unauthorized server access, not the AI’s gullibility. Protos.

♟️ Crypto’s ‘Rolex Index’ Stays Quiet

Rolex prices aren’t popping off the way they did in 2022, hinting that widespread euphoria hasn’t hit the crypto market yet. Back then, watch prices spiked even as Bitcoin sank, a sure sign folks had too much cash to burn. Now, while BTC climbs, no one’s splurging on luxury timepieces, meaning investors still have at least one foot on the brake. AltcoinBuzz.

🐋 Whale Shorts $521M BTC, Bets on ‘Melania’ Meme Coin

A Hyperliquid whale loaded up on a mega $521M Bitcoin short at 40x leverage, walked off with nearly $4M, then casually went long on the Melania Trump-themed meme coin. Amateur traders attempted to pump BTC past the whale’s liquidation point but ended up failing. With a new bet on “MELANIA,” the whale’s basically telling everyone: “I’ll gamble on anything… and I might just win.” Decrypt.

NEWS
Huge Dick Move 😡 

Crypto.com’s big bigs just decided to flood the market by increasing its $CRO.X ( ▼ 0.14% ) token supply from 30 billion to 100 billion, undoing a previous burn. 🔥 

Early on, nearly everyone voted "hell no," but surprise, surprise—whales swooped in at the last second, tipping the scales with 3.2 billion CRO tokens, flipping the vote to 61.18% yes.

Now, Cronos is sitting on a $5.6 billion war chest, labeled as the "Cronos Strategic Reserve," to supposedly fund development and tackle the U.S. crypto market— apparently, dilution is now a "growth-focused model."

Unsurprisingly, traders freaked out, tanking CRO’s price by 11.27% overnight, as the community realized their tokens just got significantly less rare - and valuable. Critics rightfully blasted Cronos for making a move straight from the centralization playbook, calling it a betrayal of the scarcity promise.

And just plain shitty governance. 💩 

PRESENTED BY STOCKTWITS
Exclusive Interview: Affirm CFO Rob O’Hare 🧑‍💼 💳️ 

Buy now, pay later stocks are all over the news as Klarna looks to come to market, inking an exclusive deal with Walmart in the process. Plus, the health of the U.S. economy remains at center stage, raising concerns about consumer-linked companies.

So, how is Fintech giant Affirm navigating the current environment? We sat down with CFO Rob O’Hare to answer questions directly from retail investors. You don’t want to miss this. 🤩