The 13th Hour Video Version

Gm Timekeepers! ⏳💥

Welcome back to The 13th Hour, where the clock is ticking, and crypto's getting even wilder.

There’s no slow Monday in crypto, and today’s no exception. The markets are moving faster than ever, and we’re here to break down the chaos as it unfolds.

Grab your watches, because things are about to get wild. 🕛🚀

Welp. Another day, another crypto dumpster fire. $OM, the token backed by MANTRA, plummeted 90% in an hour. Yes, NINETY!

Dropping from $5.9B to a tragic $500M market cap. 💀📉

And no, this isn’t a fever dream or a “charting error.” It’s real. It’s ugly. And it smells eerily familiar. (cough FTX vibes, anyone? 👀)

So, what happened? Did the team rug? Was there a hack? Did Do Kwon launch a side project?

Nope. According to JP Mullin, MANTRA’s co-founder, the culprit is centralized exchanges (CEXs) — who allegedly pulled off some “forced liquidations” during the low-liquidity lull of a Sunday evening.

Think 3 AM Asia time… perfect hour for financial murder. 🕒🔪

"This wasn’t the team, nor token unlocks," says Mullin.

"Everything’s locked and loaded. Literally."

But wait… receipts 👇

🔍 On-chain sleuths found that 17 wallets deposited $227M worth of $OM (that’s 4.5% of the circulating supply) to exchanges right before the crash.

And guess what? Two of them are linked to... Laser Digital — a strategic investor in MANTRA. 🧐

Investors are now asking the only question that matters:

“If utility tokens can crash like memecoins, then what even is the point?” 🤷‍♀️💩

Seriously, this event has shaken trust not just in $OM, but in utility tokens in general.
And don’t even get started on stablecoins. If tokens backed by strategic partners are still capable of death spirals, what hope is there?

The line between “utility token” and “Ponzi placeholder” just got real blurry.
Even Tether's out here sweating. 🥵

JP Mullin is hosting a “Community Connect” on X (aka Twitter Spaces), so you can hear more official explanations 💬

But for now everyone thinks the internal team looks like this now 👇

ETH maxis, blink twice if you're okay.

Solana just body slammed Ethereum in the charts — the SOL/ETH price ratio hit an all-time high 🥊, and meanwhile, Vitalik's out here promising “faster forks” like he's at a crypto IHOP. 🥞⚡

Let’s break it down:

Solana is doing backflips while Ethereum is still lacing its boots. 👟

But wait, Vitalik's got a plan! 🧙‍♂️

Responding to criticism on X, he casually said:

"Faster hard forks post-Pectra with near-zero pushback."

Uhh…okay Speedy Vitalik. Next upgrade after Pectra? It’s called “Glamsterdam.”

Yes. That’s real. Sounds like an EDM festival but it’s apparently where Ethereum will maybe raise the gas limit and definitely give us more rollup power. 💃💨

Oh, and there’s “Fusaka” in the mix too. Not sushi, not a dance move — just another upgrade on Ethereum’s ever-expanding roadmap.

Meanwhile, Solana’s like: “Oh you're still upgrading? That’s cute. We already onboarded the world.” 😎

So, what should you do?

If you're holding ETH and feeling rugged by gas fees, delayed forks, and Vitalik’s abstract metaphors, maybe it’s time to hedge your bags. 👜

But hey, if you believe in the slow-cooked, modular Ethereum dream with forks… then diamond hands, fren. 💎✋

Nick Cannon — the man, the meme, the father of 12, and apparently now a blockchain "visionary" — is launching another crypto token.

Yep. After fans lost millions on the Wild ‘N Out memecoin he hyped just last month, he's back with a “legit enterprise token.” Because when life gives you rug pulls... launch another coin, right? 🧠

Let’s recap:

But don’t worry, Nick’s got a new plan! This time, he says it’ll be “super official” and full of “real utility.” 🧐✨

Feeling burnt? Don’t be! Nick’s here to win back your trust with... an “enterprise token.” Whatever that means. 🤷‍♀️

He says the last one “wasn’t technically his,” he made zero dollars, and someone totally misused his fame.

Classic "I was just the face, not the founder” defense. 🧢

He now promises to “play by the rules” and “protect the community.” Because nothing says trust like promoting a coin and then immediately launching another when the first one goes full Titanic. 🚢💸

So are you ready to buy into the next Cannon coin? No roadmap, no product, just vibes and vague promises. 😎✨

Because in the crypto Wild West, who needs accountability when you have celebrity clout?

Hold on to your digital wallets, folks — Bitcoin’s back with a vengeance! 🧨 After a dramatic nosedive below $75K, BTC has risen like a phoenix to over $84K.

And guess what’s flying off the options shelf now? Yup, those juicy $100K call options. Traders are basically yelling, “To the moon! 🚀🚀”

The not-so-humble $100K strike has become the hot play on Deribit, holding nearly $1.2 billion in notional open interest. That’s a whole lotta hopium.

And why? Well, a little tariff drama courtesy of Trump (surprise, surprise 🙄) sparked market chaos, then an about-face that gave BTC wings.

Meanwhile, smart traders chucked their doomer $75K puts and started betting on Lambos instead of layoffs.

Why should you care? Because when the options skew (aka the vibe check for market sentiment) shifts from doom-and-gloom to cautiously bullish, it means big players are back on their bullish BS.

📈 The skew, which was crying “panic!” just last week, is now calming down like your mom after you finally cleaned your room.

Even the 30-, 60-, and 90-day indicators are peeking above zero — a.k.a., fewer people are doom-scrolling their portfolios and more are loading up on those delicious high-strike calls. 🤑

Thinking of joining the call-party? Just know:

📍 Deribit still reigns supreme in the BTC options world (75%+ market share)

📍 $100K is the most loaded strike, but $120K is getting flirty attention too.

📍 On the flip side, $70K puts still have strong hands holding on — maybe just hedging their hopium.

So whether you're riding the bullish wave 🌊 or still clutching your bear suit 🐻, the market’s heating up again. Trade wisely — or at least trade with memes. 😏

Bitcoin who?

This week, while BTC was crying in the corner over Trump's tariff tantrum 😭📉, altcoins pulled up in shades and said,

"Don’t worry, Grandpa — we got this." 😎🕶️

Let’s break down the Altcoin Flex Parade of the week:

And yes…

$POPCAT and $FARTCOIN literally mooned:

Web3 comedy is alive and well, folks.

What’s the tea? ☕

Trump’s "no one is safe" global tariff announcement rattled both TradFi and DeFi markets.

BTC nosedived from $108K to $75K faster than your ex ghosting post-text 😮‍💨📉
But altcoins?

They straight-up said:

“We don't need Bitcoin to win anymore.”

New retail holders panicked. OGs? Sipped coffee and held.

Meanwhile, Metaplanet of Japan bought the dip like a boss, adding 319 BTC to their stash. 🧠💼

So what now?

As the Trump administration continues its "Tariff Olympics," the markets might get weirder. 

…And Time

And that’s a wrap for today’s 13th Hour 🕛

Whether you're hedging, holding, or jumping into the latest hype, keep your eyes peeled and your wallets secure. 

See you tomorrow, Timekeepers! ⏳

– Your daily chronographer 🔁