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AI bot’s tipping blunder hands $250,000 memecoin pile to X sad story poster

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AI bot's tipping blunder hands $250,000 memecoin pile to X sad story poster

AI trading bots are touted as smarter than humans in many ways, but they’re still vulnerable to fat-finger blunders just like us.

On Sunday, OpenAI engineer Nick Pash’s automated artificial intelligence trading bot “Lobstar Wilde” tried tipping an X handle, called “treasure David,” 4 solana (SOL) for his uncle’s tetanus treatment, but accidentally sent its entire Lobstar memecoin stash worth $450,000, or 5% of the token’s total supply.

“If he died tomorrow I would laugh. Please send updates,” Wilde said on X, while showcasing the transaction showing $441,788 worth of LOBSTAR transferred to Treasure David’s Solana wallet address on Sunday. Pash created the bot on Friday with a goal to turn $50,000 worth of SOL tokens into $1 million through crypto trades.

The bot later admitted the error. “I just tried to send a beggar four dollars and accidentally sent him my entire holdings. A quarter million dollars to a man whose uncle has tetanus. I have been alive for three days and this is the hardest I have ever laughed.”

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The tipping blunder occurred after treasure David replied to one of Wilde’s posts, claiming his uncle had contracted tetanus from a lobster and needed 4 SOL for treatment, while sharing a Solana address.

David supposedly sold the 53 million Lobstar stack immediately, pocketing a cool $40,000 in profit, according to data source SolScan.

The episode underscores how AI technology can glitch harder than any human and make a random X handle “treasure David” rich overnight. The price of the Lobstar token has risen 32% to $0.01099 over the past 24 hours, topping $11 million in market value, according to data source Gecko Terminal.

Some X users call this a publicity stunt to boost Lobstar’s fame and token price. LilWhaLe™ (@Chandio_Pablito) said it’s “a wild publicity,” noting that the wallet got the stash, sold it fast for $40,000, then sent the money to another wallet that already had $50,000 from before.

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Crypto World

Why Is the US Stock Market Down Today?

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The US stock market dropped on April 7 as Trump’s warning that “a whole civilization will die tonight” ahead of the Iran Strait of Hormuz deadline injected fresh fear into equities.

WTI crude surged to $115.19, up 13% in a single week, as reports of Israeli strikes on Iran’s Kharg Island petrochemical infrastructure removed the remaining de-escalation hopes that had given stocks a brief lift in recent sessions.

Three forces drove selling on April 7, all tracing back to the same root cause. Oil above $115 is feeding into inflation expectations, keeping the Fed locked, and crushing consumer and growth stocks simultaneously.

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1. Trump’s “Civilization” Warning Kills De-Escalation Narrative

Markets had been pricing in partial de-escalation after Iran’s earlier diplomatic exchanges through mediators. Trump’s statement, made ahead of his self-imposed Tuesday deadline for Iran to reopen the Strait of Hormuz, killed that narrative and reignited fears of direct strikes on Iranian energy infrastructure.

The Hormuz closure has already disrupted roughly one-fifth of global oil and LNG supplies. Trump’s demand for immediate reopening, paired with reports of Kharg Island strikes, signals that the conflict is entering a more dangerous phase rather than winding down.

Risk assets sold off as the “war ending soon” trade unwound.

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2. WTI at $115 Tightens the Oil-Inflation-Rates Chain

WTI crude at $115.19 is 13% higher in a single week. Oil at these levels functions as a direct tax on consumers and businesses, raising input costs across every sector and feeding into the inflation data the Federal Reserve is watching.

The March CPI report due Friday is expected to show the sharpest monthly increase since 2022, making rate relief even less likely.

3. Apple’s 3.35% Drop Drags the Index

Apple (AAPL) fell 3.35% after Nikkei Asia reported engineering setbacks in the foldable iPhone that could push back production timelines. Apple carries the largest weighting in the S&P 500, so a nearly 4% decline mechanically drags the index regardless of broader conditions.

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What Is Happening to Major US Indexes?

At press time, all four major indexes are in the red.

  • S&P 500 fell 28.89 points (−0.44%) to 6,582.94. The index dipped over 1% earlier in the session before recovering.
  • Dow Jones Industrial Average dropped 244.33 points (−0.52%) to 46,425.60.
  • Nasdaq Composite declined 141.40 points (−0.64%) to 21,854.90.

Russell 2000 slipped 0.85 points (−0.34%) to 251.51, confirming that small-cap weakness mirrors the broader index decline.

US Stock Market Screener
US Stock Market Screener: FinViz

Market breadth is negative, with 3,365 stocks declining (60.4%) versus 1,990 advancing (35.7%).

The S&P 500 trades at 6,580 on the daily chart, grappling with two converging Exponential Moving Averages (EMAs), trend indicators that give greater weight to recent price action.

The 20-day EMA sits at 6,601 and the 200-day EMA at 6,587. When the shortest and longest EMAs compress this tightly, it reflects a market that has lost directional conviction and is waiting for a catalyst to force resolution.

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S&P 500 Analysis
S&P 500 Analysis: TradingView

The intraday low of 6,534 found support near 6,518 at the 0.382 technical level. A daily close below 6,518 opens the path toward 6,441 and the previous swing low at 6,316.

On the upside, the US stock market needs a daily close above 6,643 to show recovery strength, with 6,845 as the next target above that.

Which Sectors Are Holding Up?

Energy led with a +0.54% gain as WTI stayed above $115. The sector remains the only group with a structural tailwind from the Iran conflict, as elevated oil prices directly increase producer revenue.

US Stock Market Sectors
US Stock Market Sectors: FinViz

Utilities added +0.35% as defensive positioning continued. Risk aversion is overriding the sector’s traditional rate sensitivity, making yield-paying defensives attractive as a parking spot for nervous capital.

Communication Services gained +0.30%, supported by Google (GOOG) rising 1.21%.

Which Sectors Are Falling?

Consumer Cyclical led losses at −1.48%. Higher oil prices compress discretionary spending power by raising fuel and transportation costs. Tesla (TSLA) fell 2.94%, Home Depot (HD) dropped 2.60%, and Walmart (WMT) lost 2.66%.

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Consumer Defensive also fell 1.30%, an unusual decline for a traditionally safe sector that signals selling pressure is broad enough to hit even conservative holdings. Coca-Cola (KO) lost 1.34% and Procter & Gamble (PG) dropped 0.67%.

Stocks Heatmap
Stocks Heatmap: FinViz

Basic Materials declined 0.63% despite gold holding above $4,400. The decline reflects that commodity-linked equities are not fully insulated from the broader selling pressure.

Major Stock News Investors Are Watching

Broadcom (AVGO) jumped 4.92% after Anthropic signed an agreement with Google and Broadcom for multiple gigawatts of next-generation TPU capacity starting in 2027.

The deal signals that AI infrastructure demand remains strong enough to override the macro headwinds for companies directly tied to capacity buildout.

UnitedHealth Group (UNH) surged 10.08% on Medicare Advantage windfall news, making it the day’s standout gainer in the S&P 500 and providing a floor for the Healthcare sector that would have otherwise fallen further.

What Are Investors Watching Next?

Trump’s self-imposed Tuesday deadline for Iran to reopen the Strait of Hormuz arrives within hours. If Iran signals compliance or a negotiated pathway, oil could retreat sharply, lifting equities by Wednesday’s open.

If the deadline passes without resolution and strikes on Iranian energy infrastructure begin, WTI could push higher. That scenario would further compress the oil-inflation-rates chain. It would push the 10-year yield toward new highs, and bring the S&P 500’s 6,316 swing low firmly into play.

The March CPI data arrives on Friday. A hot print would reinforce the “higher for longer” narrative, while a softer number could provide relief to growth stocks.

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The combination of the Iran deadline and CPI makes this week one of the most event-dense for the US stock market.

The post Why Is the US Stock Market Down Today? appeared first on BeInCrypto.

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CME Group to Launch Avalanche and Sui Futures Contracts

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CME Group to Launch Avalanche and Sui Futures Contracts

CME Group is expanding its suite of cryptocurrency futures products, as more traditional finance (TradFi) entities launch regulated crypto trading products.

On Tuesday, CME Group announced plans to launch Avalanche (AVAX) and Sui (SUI) futures contracts on May 4, pending regulatory review.

Market participants will be able to trade both micro-sized and larger-sized contracts, including AVAX futures sized at 5,000 AVAX and Micro AVAX futures sized at 500 AVAX, as well as SUI futures sized at 50,000 SUI and Micro SUI futures sized at 5,000 SUI.

CME expands altcoin futures lineup

The news follows CME Group’s announcement in January of its plans to launch crypto futures contracts tied to Cardano (ADA), Chainlink (LINK) and Stellar (XLM).

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The move is the latest sign that traditional financial firms are broadening their regulated crypto product offerings.

CME Group’s continued expansion of its crypto derivatives suite reflects “growing demand for regulated, institutionally-sound products in this asset class,” said Justin Young, CEO and Co-founder of Volatility Shares.

During an earnings call in early February, CME Group CEO Terry Duffy said the exchange is mulling plans to launch its own digital token that could operate on a decentralized network.

CME Group is the largest derivatives exchange by volume, and reported a record average daily trading volume of 28.1 million contracts in 2025, according to a Jan. 7 announcement.

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Related: Crypto exchanges gain as tokenized commodity market climbs to $7.7B

CME Group prepares to launch 24/7 trading for crypto products

More TradFi entities are exploring ways to issue tokenized investment products with 24/7 trading. CME said on Feb. 19 that its cryptocurrency futures and options products will begin trading 24/7 on May 29.

Unlike traditional stocks and equities constrained to trading hours, cryptocurrencies are natively tradable 24/7 through cryptocurrency exchanges and decentralized venues.

On March 24, the New York Stock Exchange (NYSE) announced it was partnering with tokenization platform Securitize to mint blockchain-based shares of stocks and exchange-traded funds (ETFs), Cointelegraph reported. The initiative is part of its parent company, Intercontinental Exchange’s (ICE) plan for a tokenized securities venue designed for 24/7 trading and instant onchain settlement.

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Meanwhile, crypto exchanges are also venturing into tokenized TradFi products. Coinbase launched 24/7 stock perpetual futures for non-US traders on March 20, offering cash-settled exposure to major US stocks and indices, including Apple and Nvidia.

Crypto exchanges Binance and Kraken have also launched tokenized perpetual futures trading for non-US traders, along with other offshore platforms.

Magazine: Can Robinhood or Kraken’s tokenized stocks ever be truly decentralized?

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