Gm Degens,

The market fear level just hit a two-year low, but some major developments are unfolding behind the scenes. 

Today we're diving into Solana's potential inflation cut, more whale movements, and serious market dynamics.

Recap of the last 24 hours 👇

🚨 Crypto Fear & Greed Index crashes to 10 – lowest in two years 

💰 BTC ETFs bleed $755M in latest outflows 

🐳 Whale moves massive $198M SOL to exchanges 

🤖 AI coins defy market trend - AI leaders in green   

⚡ Solana considering ~80% reduction in inflation rate 

💼 Phantom wallet acquires token data platform SimpleHash 

🚫 Politicians Can’t Pump Memecoins? The MEME Act

🔒 GotBit founder extradited to US over controversial memecoin operations 

🧠 North Korean Hackers Cleaning House: what is their strategy?

Market Bloodbath – The Fear is Real: The crypto fear level has gone full crypto-winter, with the Fear & Greed Index faceplanting to 10 - levels not seen since the darkest days of 2023. 🔗

ETFs in Full Retreat Mode: Bitcoin ETFs hemorrhaging money faster than a slashed artery – another $755M in outflows as Wall Street suits smash the panic button. 🔗

Solana Whale Goes on a Rampage: Some mega-whale just unstaked a jaw-dropping 1,366,028 SOL (that's $198M for us mere mortals) and is currently dumping it on exchanges through FalconX. They've already unloaded $62.6M on Binance and Coinbase. Subtle as a smoke bomb in a library. 🔗

While most of the market bleeds red, AI coins are showing remarkable resilience, with many posting gains today. 

This sector rotation suggests investors might be moving capital from speculative assets to projects with narrative strength and potential technological applications.

Solana's about to cut the money printer by 80% with its SIMD-0228 proposal, and it's about time!

After generating a massive $1.5B in revenue over 200 days, SOL is finally realizing it doesn't need to keep printing tokens.

As one analyst put it: "Network inflation should be used as a bootstrapping method, and it's clear it's time to move beyond this phase."

In other words, SOL is all grown up now and ready to stop diluting holders.

This won't just be good for your bags - it's going to create a virtuous cycle where:

Read more detailed insights here

Phantom is out here Pac-Manning another company – this time, NFT and token data platform SimpleHash.

That makes three acquisitions in just eight months, adding to its growing empire after snagging crypto firewall Blowfish and a16z-backed Bitski earlier.

With a $3 billion valuation, Phantom clearly doesn’t care about bear market blues. 

SimpleHash brings support for 80 blockchains and handles thousands of requests per second, now fueling Phantom’s millions of users.

Phantom aims to provide the best token information for the users with this move - good move for more user adoption indeed.

House Democrats just dropped the MEME Act (yes, that’s the actual name).

Modern Emoluments and Malfeasance Enforcement (MEME) Act is designed to ban politicians and their families from launching or endorsing crypto tokens – a.k.a. no more TRUMP or MELANIA coins. 🚫💰

Why?

Because apparently, using public office to pump digital assets is a bad look. (Who knew? 🤷‍♂️)

Fun fact: Since launching in January, TRUMP is down 82% and MELANIA is down 93%. Rug pull vibes? 🫠

Will this bill actually pass? Probably not. But it's another chapter in the “crypto meets politics” saga.

Read about it here

Now, let’s unpack some drama! 👇

Aleksei Andriunin, the 26-year-old behind market manipulation giant GotBit, just got shipped from Portugal to the U.S. justice system. Awkward.

In a 2019 interview, he literally admitted to wash trading, inflating token volumes like a pro.

Pro tip: Maybe don’t brag about crimes?

Millions in fake trades, tens of millions pocketed, and guess where the money ended up? His Binance account – big mistake.

Now? Up to 20 years for wire fraud, plus 5 for conspiracy.

His two directors aren’t off the hook either.

It’s like "The Wolf of Wall Street", but with less DiCaprio, more blockchain, and way worse OPSEC 

Get the scoop from the Justice Department

Lazarus Group is back at it – this time, they’ve drained $1.5 billion from Bybit and laundered $100 million in just two days.

Their strategy? Social engineering, blind signing exploits, and zero hesitation.

These aren’t just hackers – they’re state-sponsored operatives funding North Korea’s nuclear ambitions, one stolen token at a time.

The scariest part? They don’t even bother covering their tracks. With diplomatic immunity in their back pocket, the crypto industry is left scrambling.

Security experts are sounding the alarm. But is anyone actually listening?

Investigative journalist Laura Shin has published a deep dive into how they manage to do it. Read it here.

You’ve read the good, the bad, and the downright chaotic. Bags still bleeding?

If you managed to ride the AI coin wave and stay in the green – well played.

For everyone else, here’s your daily dose of hopium ⬇️

Even as the market burns, Blockworks Co-Founder Jason Yanowitz is doubling down on crypto optimism.

He believes the cycle isn’t over, pro-crypto regulations will have a major impact, and political forces will push the market higher.

Maybe he's ahead of the curve, or maybe this is just peak cope before a reversal. Either way, the conviction is loud.

And on-chain guru, Ali Martinez, just dropped a spicy stat: every time Bitcoin traders hit a -12% realized loss margin since 2022… it was prime dip-buying season.

🩸 Translation? People panic-sell at a 12% loss → BTC bottoms out → price rebounds.

🤔 Could this be another golden entry point? Maybe. But remember, history rhymes, it doesn’t repeat.

📊 Keep your eyes on the charts, your hands diamond, and your emotions in check.

Well! That’s a wrap for today.

Markets are wild, but we’ll be back with more alpha, drama, and survival tips.

Stay sharp, stay degen. 🥷🚀

See you tomorrow!

– Your degen for the day 🥷