In partnership with
It’s a sea of red today. $BTC ( ▼ 2.92% ) dropped below $65,000. $ETH ( ▼ 5.41% ) fell to the $1,850 range. The Fear & Greed Index plunged to 11, signaling extreme fear.
Supply fears caused the sell-off. Spot ETFs saw outflows. However, on-chain data shows large wallets are actively accumulating. Yield-seeking capital and institutional staking in DeFi also remain resilient. 💼
💪 Network strength: Do not let the price drop fool you. Bitcoin's hash rate is stronger than ever. The infrastructure is rock solid!
Here’s what we got for you today:
👀 Crypto bear market warning signs
⭐ EdgeX probes 70% flash crash
⭐ Coinbase Ventures invests in ENA
🔥 Burning hot takes for the road
The 10 Best AI Stocks to Own in 2026
AI is moving from experiment… to essential.
Every major industry is integrating it.
Every major company is investing in it.
By late 2025, AI was already an $800B market — growing at a pace that could push it well beyond $1 trillion in the years ahead.
Cloud infrastructure is scaling fast.
AI-enabled devices are multiplying.
Automation is becoming standard.
But here’s the real question…
When trillions flow into this transformation — which stocks stand to benefit most?
Our new report reveals 10 AI stocks positioned across the backbone of this shift — from the companies powering the infrastructure… to those embedding intelligence into everyday systems.
If you want exposure to one of the defining growth trends of this decade, start here.
Crypto feels weird right now. AI stocks are getting all the attention. ETF demand is cooling. Oil and Fed pressure are making investors cautious. And smaller tokens are starting to feel the pain first.
This weakness is coming from several signals stacking together at the same time. If you only watch price candles, you may miss the real reason the market feels heavy. Read this before you trust another “buy the dip” post 👇
📉 70% EDGE FLASH CRASH: INSIDER PLAY OR EXTERNAL SABOTAGE?
DeFi just reminded everyone why it’s the wild west. On June 1, EDGE, the native token of the decentralized derivatives platform EdgeX, suffered a catastrophic 70% flash crash in a matter of hours.
1/ From DeFi Darling to Freefall 🩸
Before the crash, EdgeX was an absolute rockstar. Launched in late March 2026, $EDGE ( ▼ 3.87% ) quickly climbed the DeFi ranks, consistently printing all-time highs between $1.17 and $1.19.
The token aggressively plunged from over $1.00 down to a painful low of under $0.40. While it has partially recovered, it remains down over 40% in a 24-hour window, erasing hundreds of millions in valuation.
What makes this insane is that the team was constantly pumping out massive fundamental wins leading up to the event:
they just launched EdgeX V2 on their native EDGE Chain,
they distributed $23 million in revenue back to token holders,
they maintained a highly active token buyback-and-burn program.
2/ The Team Defends the Citadel: "No Hack" 🛡️
EdgeX quickly deployed a damage-control statement to calm the panic. Here is their official stance:
They explicitly deny any smart contract exploit, protocol breach, or internal team rugpull. Everything is technically running fine.
Preliminary investigations suggest the crash was caused by a highly coordinated, intentional external market manipulation scheme.
They are currently working with partner exchanges to trace the malicious actors and promise a full report soon.
3/ Tokenomics Red Flags & ZachXBT Weighs In 🕵️♂️
The immediate technical theory points to a massive whale or market maker dump that triggered a cascading domino effect of liquidations on derivatives markets. Because EDGE has relatively thin liquidity, a single massive sell order was enough to send the price into a tailspin.
However, legendary blockchain sleuth ZachXBT came out with a harsher critique, focusing heavily on the project's supply structure:
ZachXBT noted that the vast majority of circulating EDGE has long been concentrated in the hands of a tight-knit group of insiders, leaving a dangerously low public float.
He openly challenged EdgeX to pull back the curtain and disclose their market maker (MM) agreements and trading partners if they want to prove true transparency.
Right after their initial airdrop, the community mutinied over rumors that whales and strategic partners got the lion's share of tokens. To stop the bleeding back then, EdgeX was forced to lock up 140 million EDGE (14% of total supply) for a year.
Then, analysts have been warning for weeks about EDGE’s bizarre volume-to-market-cap ratio and its wild 20-40% daily swings. The warning signs were on the chart.
🧠 My Analysis
Personally, this feels incredibly similar to the recent ESPORTS token crash, where price structures collapsed overnight amid heavy drama surrounding internal fund movements and market makers like DWF Labs.
My Tip: When a protocol is paying out millions in revenue but has highly volatile 40% daily swings on thin liquidity, treat it like a trading asset, not a long-term retirement fund.
If you’re hunting for a bottom-buy on EDGE, wait until they release the full exchange tracking report and address ZachXBT's questions about their market makers.
Here's Why We're Not Hyping the SpaceX IPO
Most newsletters are selling you a SpaceX story. We're walking through the numbers.
Our free analyst briefing breaks down three valuation scenarios, comparable late-stage listings (ARM, Reddit, Klaviyo), and the price ranges where retail entry actually makes sense.
🔵 COINBASE ALL-IN ON ETHENA: ENA PUMPS 20% AS A 100M-USER PLAY UNFOLDS
Coinbase Ventures confirmed they went straight into the open market and raw-bought Ethena ($ENA) tokens. The market's reaction was an instant green dildo.
1/ The Open-Market Buy & The ENA Pump 📈
Coinbase choosing to buy directly from the spot market is a huge statement. While they kept the exact dollar amount under wraps, they truly believe Ethena’s USDe ecosystem is undervalued.
$ENA ( ▲ 18.38% ) instantly skyrocketed 20% on the announcement before cooling down with the broader market.
2/ Real Play: USDC, Base, and 100M Users 🤝
If you think this is just a quick speculative bet by Coinbase, you're missing the forest for the trees. Coinbase dropped a massive hint, stating this investment is the first phase of a deep integration involving $USDC ( ▼ 0.01% ).
Coinbase is already heavily embedded in Ethena as its core asset custodian, wallet provider, and primary perpetual futures platform. Now, they are scaling it up:
Ethena’s products are getting native distribution across Base and the wider Coinbase app.
Ethena founder revealed that both teams are co-developing an on-chain savings and financial product that launches next week. This will give Ethena direct exposure to Coinbase’s massive 100 million+ user base.
Yan Liberman from Delphi Ventures pointed out that this bridges Coinbase’s massive USDC liquidity with Ethena's yield engine.
If staked USDe (sUSDe) can offer institutions a better yield than vanilla USDC, Coinbase suddenly has the most attractive savings product in the world.
3/ Wall Street Standard: The Anchorage Digital Partnership 🏦
On the exact same day, Ethena double-downed on its institutional expansion by partnering with Anchorage Digital to power institutional lending. Anchorage will manage collateral through its Atlas architecture.
This allows big-money institutions to participate in Ethena’s lending pools while keeping their collateral in off-chain custody rather than exposing it directly to on-chain smart contract risks.
🧠 The $15B Comeback Arc
Let’s look at the raw context: back in October 2025, Ethena was the absolute darling of DeFi, with its TVL peaking at an insane $15 billion.
But as the crypto markets cooled off over the last few months and liquidity dried up, their TVL retraced hard down to $5.4 billion.
If Coinbase users can seamlessly access Ethena yields with one click from their standard apps, that $5.3B TVL floor is going to rocket back up fast.
🔥 BURNING HOT TAKES FOR THE ROAD
Binance is officially discontinuing its NFT Marketplace, giving users just one month to save their digital art. Read more
A hacker just cracked an ancient 2016 ICO wallet to rescue $2M in trapped ETH, and it actually belongs to the rightful owner! Read more
Infamous gold bug Peter Schiff predicted Bitcoin will crash below $20,000. Crypto X is absolutely tearing him apart. Read more
"Web3 is dead." One of crypto's biggest VC leaders sparked controversy by claiming only DeFi and DePIN matter anymore. Read more
Rate us today!
🤡 SPICY MEME
💌 SHOUTOUT FROM OUR FIRESTARTER
We read your emails, comments, and poll replies daily
Hit reply and say Hello, we'd love to hear from you!
And if you’ve got a friend deep in crypto (or just getting started), feel free to forward this to them. They can sign up here. Cheers!
⚠ This newsletter is for informational purposes only and should not be considered investment advice. Traders should conduct thorough research, understand the risks, and carefully evaluate their decisions before investing in cryptocurrency.
