gm Degens,

The market is still bleeding, but we're holding on tight. Yet, it's been an eventful and intriguing day, especially for anxious memecoiners.

First, let’s Naruto-run through what happened in the last 24 hrs:

🚨 Pump.fun X account was hacked. $700K exploited!

💥 SEC drops Uniswap investigation after 3 years.

💼 Presidents, $LIBRA, and Money Laundering - DOJ investigates.

🕵️ Jupiter DAO requests an independent audit of multiple projects.

🧑‍💻 Bybit $1.4B hack update - Safe UI wallet compromised!

💀 Pump.fun's six-month postmortem reveals brutal lessons.

📈 Binance Alpha continues meme listing, lists Jellyjelly, PAIN, VINU & AVL.

🤡 A whale poured $2M into a $100K market cap memecoin!

The market is bleeding liquidity across the board, and capital outflows are hitting major sectors.

Traders are shifting away from speculative plays and de-risking hard.

Pump.fun’s X account got hacked yesterday, and the scammers ran the classic “launch fake token, hype it up, dump it, disappear” play.

They dropped a bogus "PUMP" token, promised rewards, and ran off with $700K+ 🏃‍♂️💰.

Plus another $250K was drained from liquidity pools. Brutal.

The Pump.fun team regained access to the account now.

Meanwhile, on-chain detective ZachXBT says this is part of a bigger attack wave, linking it to the Jupiter DAO and Dogwifhat ($WIF) hacks.

Crypto security is looking rough lately – first the $1.4B Bybit breach, now this.

Moral of the story? Don’t trust, don’t click, and definitely don’t FOMO into random “official” tokens.

The SEC has officially closed its Uniswap investigation with zero charges filed.

Regulators had been probing the largest DEX for years, but it seems even Gary Gensler couldn’t find enough dirt to act.

This is a big W for DeFi, setting a precedent that automated, permissionless exchanges might not be securities dealers after all. 🎉

Imagine misclicking and sending $2 million into a micro-cap memecoin.

That’s exactly what happened today.

Nobody knows if it was a mistake, insider play, or the world’s most expensive market-making strategy, but the memecoin casino is still alive and kicking.

But we are all surviving this market - so some guide there.

$LIBRA drama just leveled up from "sketchy" to "international incident" as the DOJ reportedly opened an investigation into Argentina's President Javier Milei's promotion of the token.

Meanwhile, blockchain sleuths report the $MELANIA and $LIBRA teams are laundering funds faster than Samurais moving Katanas.

Jupiter DAO is not playing games. They just called for an independent audit of Meow, Siong, Jupiter Treasury, Meteora Treasury, and $JUP token.

Transparency is great, but the fact that the DAO itself is requesting this level of scrutiny raises eyebrows.

The Bybit hack was a masterclass in deception! 🎭

Attackers tricked Bybit’s Safe multisig signers (including the CEO!) into approving a malicious transaction by spoofing the UI.

The frontend of the Safe UI was, in fact, compromised 🖥️⚠️, as they confirmed a developer at Safe{Wallet} had their computer hacked.

The transfer looked routine, but the underlying message handed control to the hacker. Result? 401,000 ETH stolen ($1.4B+). 💀

🛑🧑‍💻 Turns out, this wasn’t a Bybit breach – it started with a hacked Safe developer.

North Korea’s Lazarus Group allegedly injected malicious code into Safe’s AWS infrastructure, targeting Bybit’s signers only.

Crypto hacks are evolving. Less code exploits, more social engineering. Stay sharp. 🔒👀

Pump.fun’s six-month postmortem gives us a deep dive into one of the wildest memecoin experiments in crypto history.

🚀 87,170 coins launched, but only 4 exceeded $100M market cap ($FARTCOIN, $ARC, $ACT, $PNUT).

💸 40 memecoins crossed $10M, but 79,000 died under $100K, making them complete rugs.

💰 1.7M $SOL ($350M) is now buried in Raydium pools, showing just how brutal the liquidity drain was.

The hype cycle is officially over, and liquidity is shattered.

It'll take time to heal before another memecoin season can rise.

For now, the smart money is pivoting to DeFi, gaming, and NFTs.

The memecoin sector is experiencing what experts are now calling "The Great Memecoin Depression.”

Most coins are down 70-90% from their peaks.

As one trader put it: "The trenches need something to believe in right now."

People still love memecoins and gambling it’s just that current market condition do not allow people to take that kind of risk.

Read more about it here.

While experts and data show memecoin downfall, Binance continues to list new coins on the platform.

Binance Alpha just added four new tokens:

Bear market? Binance doesn’t seem to care.

Are these solid plays or exit liquidity traps?

For ninjas brave enough to still be watching the charts, DocXBT dropped some wisdom on identifying a crypto bottom without getting your fingers sliced off.

Key signals to watch for:

Watch the video here.

🚀 Daily Dose of Hopium: The Dislocation Is Almost Over

We’ve seen a brutal unwind in open interest (OI) since the election:

📉 Pre-election OI: $32B

📈 Peak Election Premium: $72B (125% increase)

🔻 Current OI: $38B (still $6B above pre-election)

The worst of the leverage flush has already happened – $40B of marginal OI is gone.

What’s left? Just $6B and some macro uncertainty.

It’s painful, but we’re almost there. Patience is key.

These resets clear the way for a healthier, more sustainable market.

And let’s be real – this is crypto. Nothing stays down forever.

That's all the intel from the crypto shadows today.

The market may be bleeding, but true ninjas know that blood in the streets eventually leads to opportunity.

Stay stealthy, protect your private keys, and remember – in the darkest market phases, build your skills and sharpen your blades.

The next bull run will reward those who prepared during the darkness.

👋 Catch you tomorrow, unless you've mastered the art of disappearing with your portfolio intact!