Crypto World
What Is the CLARITY Act? The Crypto Law Explained in Plain English
For a decade, no one could say whether a crypto token answered to the SEC or the CFTC, and the uncertainty defined the industry. The CLARITY Act is the bill written to settle that question. Here is what it does, how it works, where it stands, and what it would mean for you, in plain English.
Summary
- The CLARITY Act would classify digital assets into commodities, investment contract assets, and payment stablecoins, each with a defined regulatory framework.
- Crypto projects could transition from SEC oversight to CFTC oversight once their networks reach a defined level of decentralization and utility.
- The bill would require customer fund segregation, conflict disclosures, and compliance standards aimed at preventing failures seen in past crypto collapses.
The CLARITY Act, formally the Digital Asset Market Clarity Act, is the most serious attempt the United States has ever made to answer a single question that has shadowed crypto for more than a decade: which government agency is in charge of it. For years, that question had no clear answer, and the absence of one produced lawsuits, contradictory court rulings, enforcement actions, and a steady drift of crypto companies overseas to places with clearer rules.
The CLARITY Act is Washington’s attempt to fix that by writing the rules into law, swapping a decade of regulation by enforcement for a statute that defines when a token is a commodity, when it is a security, who oversees the exchanges that trade it, and what protections users are owed. It passed the House of Representatives in July 2025 by a wide bipartisan margin and cleared a key Senate committee in May 2026, putting it closer to becoming law than any crypto market structure bill in American history.
This guide explains the CLARITY Act in plain English, with no assumed legal or crypto background. It covers the problem the bill is trying to solve and why that problem mattered so much, the three categories it sorts every digital asset into, the clever mechanism it uses to let a token change categories as its network matures, the consumer protections it builds in, who opposes it and why, where it stands in Congress right now, and what it would actually mean for ordinary crypto holders if it becomes law.
By the end you will understand not just what the bill says but why it exists, why it has been so hard to pass, and why so much of the crypto industry treats it as the most important piece of legislation in its history.
The problem: a decade without an answer
To understand why the CLARITY Act matters, you have to understand the problem it addresses, because the bill only makes sense as a solution to a specific and costly mess.
In the United States, financial assets are regulated based on what kind of thing they are, and two agencies divide most of the territory. The Securities and Exchange Commission, the SEC, regulates securities, which are essentially investment instruments like stocks and bonds, where people invest money expecting profit from the efforts of others. The Commodity Futures Trading Commission, the CFTC, regulates commodities, things like gold, oil, and wheat, and the markets that trade them. For most of financial history, sorting an asset into one bucket or the other was straightforward, because a share of stock is obviously a security and a barrel of oil is obviously a commodity.
Then crypto arrived and broke the categories, because a crypto token could look like an investment in a project, which sounds like a security, while also functioning like a digital commodity that people use and trade, which sounds like a commodity, and nothing in the law clearly said which it was.
This ambiguity was not a minor technicality; it was a decade long crisis for the industry. The SEC took the position that most crypto tokens were securities under a legal standard called the Howey test, a Supreme Court framework that defines a security as an investment of money in a common enterprise with an expectation of profit from the efforts of others, and it pursued this view mostly through enforcement, suing crypto companies and exchanges for allegedly trading unregistered securities.
The CFTC, meanwhile, maintained that Bitcoin and some other tokens were commodities under its jurisdiction. The two agencies never resolved their overlapping claims, which left everyone in the industry in a legal gray zone, unsure whether a given token or service fell under securities law or commodities law, and often learning their status only when a lawsuit arrived.
Companies could not confidently build, exchanges could not confidently list tokens, and developers, facing the risk of an enforcement action they could not predict, increasingly moved their operations to countries with clearer rules. Regulation by enforcement, deciding the rules case by case through lawsuits instead of writing them down, became the defining frustration of American crypto, and the CLARITY Act is the response to it.
What the CLARITY Act does: three categories
At the heart of the CLARITY Act is a sorting system, a way of taking any digital asset and placing it into one of three categories, each with its own regulator and its own rules. This is the bill’s central mechanism, and understanding it is understanding the bill.
The first category, digital commodities, which fall under the CFTC. These are tokens that function as commodities, native assets of sufficiently decentralized blockchain networks where the token has real use within its ecosystem, and no central group controls the network. Bitcoin is the clearest example, a decentralized network with a token that is not a claim on anyone’s efforts, and under CLARITY, tokens that meet the test for being a digital commodity are overseen by the CFTC with a lighter, commodity-style regulatory regime focused on fraud and manipulation rather than securities-style disclosure.
The second category, investment contract assets, which fall under the SEC. These are tokens sold as investments, typically through a fundraising sale where buyers put money into a project expecting the team to build something that makes the token valuable, which is the classic securities situation. A token launched through such a sale starts here, treated much like a stock offering, with the disclosures, investor protections, and reporting that securities law requires.
The third, permitted payment stablecoins, which are treated as their own distinct thing. Stablecoins, tokens designed to hold a steady value pegged to a dollar, are neither investments nor traditional commodities; they are a payment instrument, and the bill creates a separate framework for them instead of forcing them into the securities or commodities boxes.
This three way split, digital commodities under the CFTC, investment contract assets under the SEC, and payment stablecoins under their own rules, is the structural core of the CLARITY Act. Instead of classifying a token by its name or guessing at its status through litigation, the bill provides a statutory test that sorts each asset by how it actually behaves and what it actually is, and assigns a clear regulator to each category.
That clarity, knowing in advance which bucket a token falls into and which agency governs it, is the entire point, and it is what the industry has wanted for years.
The clever part: blockchain maturity
The most sophisticated and original piece of the CLARITY Act is its recognition that a token’s nature can change over time, and its mechanism for handling that change, which is where the bill goes beyond a simple sorting and becomes something more thoughtful.
The insight behind it is that many crypto projects start out looking like securities and grow into commodities. When a project first launches, it is usually a small, centralized team raising money from investors who are betting on that team’s future efforts, which is exactly the securities situation the SEC oversees, and treating the early token as a security makes sense because buyers really are investing in a centralized enterprise.
But if the project succeeds, the network can become fully decentralized over time, no longer dependent on any central group, with a token that has real utility and trades as a commodity instead of as a bet on a team. At that point, continuing to regulate it as a security no longer fits what it has become. The CLARITY Act addresses this by introducing the concept of blockchain maturity, a defined threshold a network can cross when it becomes sufficiently decentralized and its token has real ecosystem utility.
It works as an on ramp, a pathway a project can travel from one category to another as it matures. A token can begin its life as an investment contract asset under SEC oversight, with all the disclosure and investor protection requirements that implies, and then, once its network meets the maturity criteria, meaning it no longer depends on a centralized group and the token functions with real utility, the project can apply to graduate from SEC oversight to CFTC oversight as a digital commodity.
Crossing that threshold sheds the heavier restrictions of securities law in recognition that the asset has become something different from what it was at launch. This is a clever solution to a real problem, because it acknowledges that the security versus commodity question is not always fixed at a single answer for all time, and it gives projects a defined, legal path to evolve instead of trapping them permanently in the category they started in.
The maturity on ramp is what distinguishes the CLARITY Act from a blunt one time classification and makes it a framework that fits how crypto projects actually develop.
More than agency turf: the consumer protections
Reading the CLARITY Act as merely a fight over which agency gets jurisdiction would be easy, but a major part of the bill is about protecting the people who use crypto, and these provisions are among its most important and least discussed features.
It imposes a set of operational requirements on crypto businesses, brokers, dealers, and exchanges, that are aimed squarely at the failures that have cost users money in past crypto collapses. It would require crypto firms to segregate customer funds, keeping customers’ assets separate from the company’s own money so that the company cannot use customer deposits for its own purposes, which is precisely the failure at the heart of the FTX collapse, where customer funds were commingled and misused.
It would require disclosure of conflicts of interest, forcing firms to reveal when their interests diverge from their customers’. It would impose rules on custody, on how customer assets are held and safeguarded, and on operations and disclosures more broadly, building a foundation of consumer protection that has been mostly absent from American crypto.
Legal experts have pointed to these provisions as among the bill’s genuine strengths, because they address the real failures, the commingling, the hidden conflicts, the mishandling of customer assets, that brought down major firms and cost ordinary people their savings.
It also addresses the less visible but essential machinery of financial regulation. It sets out anti money laundering and counter terrorism financing requirements that intermediaries must follow, along with record keeping obligations, suspicious activity monitoring and reporting, and customer identification rules, the kind of compliance infrastructure that legitimate financial markets require and that brings crypto closer to the standards of traditional finance.
These provisions matter because they are part of what would make crypto credible to institutions and to regulators worried about illicit use, and because they protect users by reducing fraud and abuse. The point worth absorbing is that the CLARITY Act is not only about drawing a line between the SEC and the CFTC; it is also an attempt to build the consumer protection and compliance foundation that a maturing crypto industry needs, addressing the specific failures that have harmed users and turning a mostly unregulated space into one with clearer standards for how customer money is handled.
Who opposes it, and why
A bill this consequential has real opposition, and understanding the objections is essential to understanding why the CLARITY Act has been so hard to pass, because the disagreements are real and not merely partisan.
Opposition clusters around several concerns. One is the worry that the bill is too generous to the crypto industry, that by creating a path for tokens to escape SEC oversight and move to the lighter touch CFTC regime, it weakens investor protections and lets risky assets avoid the disclosure requirements that securities law imposes.
Critics in this camp argue that the decentralization maturity test could be gamed, letting projects claim commodity status to shed regulation they should still face, and that the CFTC is under resourced to take on a large new market.
A second concern is about decentralized finance, where some argue the bill does not adequately address the risks of DeFi protocols or, conversely, that its provisions could either over regulate or under regulate that space, with the right balance still contested.
A third concern centers on stablecoins and the rules governing them, including questions about yield and how payment stablecoins should be treated, which remain unresolved sticking points.
Most politically charged of all is the ethics question. A significant point of contention has been provisions related to conflicts of interest among public officials who profit from crypto, an issue sharpened by the previous administration’s crypto dealings, and the fight over whether and how the bill should address officials profiting from digital assets has been one of the hardest to resolve.
This ethics dispute is not a technical disagreement about market structure; it is a political fight about accountability, and it has become a central obstacle to assembling the votes needed for passage.
Taken together, these objections, that the bill is too soft on the industry, that its DeFi and stablecoin provisions are unsettled, and that its ethics language is inadequate or contested, are why the CLARITY Act, despite broad support, has not sailed through.
The disagreements are real, they involve real tradeoffs between fostering innovation and protecting consumers, and they are the reason the bill’s path has been difficult even as its momentum has built.
Where the CLARITY Act stands now
Its journey through Congress is essential context, because its current status determines whether all of this is imminent law or a framework still fighting for survival.
The bill has a history that runs through earlier attempts. It succeeded a prior bill called FIT21, the Financial Innovation and Technology for the 21st Century Act, which passed the House in 2024 but stalled in the Senate, and the framework was reintroduced and refined into the current CLARITY Act.
The House passed the bill in July 2025 by a vote of 294 to 134, drawing more than seventy Democratic votes and making it the most comprehensive crypto bill ever to clear a chamber of Congress. That House passage handed the Senate a finished framework, but the Senate began building its own version instead of simply adopting the House text, working through drafts and negotiations across the rest of 2025 and into 2026.
The decisive recent step landed in May 2026, when the Senate Banking Committee advanced the bill by a vote of 15 to 9, sending it toward the full Senate.
As of mid 2026, the bill sits on the Senate floor calendar, eligible for a full vote, with its fate hinging on whether enough votes can be assembled to overcome a filibuster, which requires sixty votes in the Senate.
Those remaining obstacles are the unresolved fights described above: the ethics and conflict of interest provisions, the stablecoin yield rules, and the questions around DeFi oversight, each of which has to be settled in a way that holds a winning coalition together.
It sits very close to becoming law, closer than any crypto market structure legislation ever has been, with the House having passed it, a key Senate committee having advanced it, and a path to a floor vote open.
But it is not law yet, and the same disagreements that have slowed it remain the difference between passage and another stall. Anyone trying to understand the CLARITY Act today should hold both facts at once: it is remarkably close, and it is not done.
What it would mean for you
For an ordinary crypto holder, the abstract question of agency jurisdiction translates into concrete effects, and understanding them is the practical payoff of all this detail.
If the CLARITY Act becomes law, the clearest effect would be greater certainty about the assets you hold. Tokens would have a defined regulatory status, you would know whether a given asset is treated as a commodity or a security, and the exchanges you use would operate under clearer rules with stronger consumer protections, including the requirement to segregate your funds from the company’s own money.
That last point is not abstract: it is a direct protection against the kind of failure that destroyed FTX and cost its customers their deposits, and it would make using crypto platforms meaningfully safer.
It would also likely expand what is available to you, because clear rules tend to draw more institutions, more products, and more services into the market, since businesses that avoided crypto for fear of legal uncertainty would have the clarity they need to participate.
For many assets, clearer commodity status could also pave the way for more regulated products like exchange traded funds, broadening how you can gain exposure.
There are tradeoffs worth understanding too. That same clarity that protects you also brings more compliance into the system, which could mean more identity verification, more reporting, and a more regulated experience than the loosely governed early days of crypto, a change some users will welcome as legitimacy and others will find constraining.
The maturity on ramp and category system could affect which tokens thrive, as projects navigate the requirements of their category, and the consumer protections, while truly valuable, come with the compliance overhead that regulated markets carry.
On balance, for most ordinary holders, the CLARITY Act would make crypto in the United States safer, clearer, and more integrated with the traditional financial system, replacing a decade of uncertainty and enforcement surprises with defined rules and real protections, at the cost of a more regulated and less anonymous experience.
Whether that tradeoff is good depends on what you valued about crypto in the first place, but for the majority of users who simply want to hold and use digital assets without fear of the rug being pulled, the clarity and protection are a meaningful improvement.
None of this is investment or legal advice; it is an explanation of what the bill would change for the people who use crypto.
The end of a decade of uncertainty
The CLARITY Act is, at its core, an answer to a question that went unanswered for too long: in the United States, who is in charge of crypto, and by what rules.
For more than a decade, the absence of that answer defined the industry, producing lawsuits instead of guidelines, enforcement instead of legislation, and a slow exodus of builders to friendlier shores.
It replaces that uncertainty with a structure: three categories sorting every digital asset by what it actually is, a clever on-ramp letting tokens evolve from securities into commodities as their networks mature, real consumer protections aimed at the failures that cost users their savings, and a clear assignment of authority between the SEC and the CFTC.
It is not a perfect bill, and the disagreements that have slowed it, over whether it is too soft on the industry, how it should handle DeFi and stablecoins, and the charged question of officials profiting from crypto, are real fights about real tradeoffs, not mere obstruction.
But it is the most comprehensive and serious crypto legislation the United States has ever produced; it has passed the House and advanced through a key Senate committee, and it sits closer to law than any market structure bill before it.
For the crypto industry, it represents the end of regulation by enforcement and the beginning of regulation by rule.
For ordinary holders, it would mean clearer status for their assets, stronger protections for their money, and a safer, more legitimate market, in exchange for more compliance and less anonymity.
Whether it crosses the final threshold into law remains uncertain, but understanding what it does, and why it matters, is understanding the single most important effort to define the future of crypto in America.
Frequently Asked Questions
What is the CLARITY Act in simple terms?
The CLARITY Act, formally the Digital Asset Market Clarity Act, is a U.S. bill that defines how digital assets are regulated by sorting each one into one of three categories, digital commodities overseen by the CFTC, investment contract assets overseen by the SEC, and payment stablecoins under their own rules.
Its main purpose is to settle the decade old question of whether a given crypto token answers to the SEC or the CFTC, replacing regulation through lawsuits with clear statutory rules.
What problem does the CLARITY Act solve?
For over a decade, U.S. law did not clearly say whether crypto tokens were securities (SEC) or commodities (CFTC), and the two agencies made overlapping claims.
The SEC argued most tokens were securities under the Howey test and pursued companies through enforcement lawsuits, while the CFTC treated Bitcoin and others as commodities.
This left the industry in a legal gray zone, learning its status only through litigation, and drove many companies overseas.
CLARITY replaces that uncertainty with defined rules.
What are the three categories in the CLARITY Act?
The bill sorts digital assets into three buckets.
Digital commodities, overseen by the CFTC, are tokens of sufficiently decentralized networks with real utility, like Bitcoin.
Investment contract assets, overseen by the SEC, are tokens sold as investments through fundraising, treated like securities.
Permitted payment stablecoins, dollar pegged payment tokens, get their own separate framework.
Each category has its own regulator and rules, assigning clarity in advance instead of guessing through lawsuits.
What is blockchain maturity in the CLARITY Act?
Blockchain maturity is the bill’s mechanism for letting a token change categories over time.
Many projects start centralized, with investors betting on a team’s efforts, which fits securities regulation under the SEC.
As a network becomes genuinely decentralized and its token gains real utility, it can cross a maturity threshold and apply to graduate from SEC oversight to lighter CFTC commodity oversight.
This on ramp recognizes that a token’s nature can evolve from a security into a commodity.
Where does the CLARITY Act stand now?
As of mid 2026, the CLARITY Act has passed the House (294 to 134 in July 2025) and cleared the Senate Banking Committee (15 to 9 in May 2026), and it sits on the Senate floor calendar eligible for a full vote.
Passage requires sixty votes to overcome a filibuster, and the remaining obstacles are unresolved fights over ethics and conflict of interest provisions, stablecoin yield rules, and DeFi oversight.
It is closer to law than any crypto market structure bill in history, but not yet passed.
What would the CLARITY Act mean for ordinary crypto users?
It would bring greater certainty about the status of the assets you hold and require exchanges to operate under clearer rules, including segregating your funds from the company’s own money, a direct protection against FTX style failures.
Clear rules would likely draw more institutions and products into the market and could expand regulated offerings like ETFs.
The tradeoff is more compliance, identity verification, and reporting, a more regulated and less anonymous experience in exchange for greater safety and legitimacy.
This guide is educational information, not investment or legal advice. Legislation can change; verify the current status of the CLARITY Act before relying on this explanation.
Crypto World
Bitcoin price steadies near $64K as traders watch ETF outflows and Hormuz risk
Bitcoin traded near $64,000 on Sunday after recovering part of Friday’s sell-off, but the rebound has not yet changed the wider range.
Summary
- Bitcoin traded near $64,008, up 0.87% daily, while staying almost flat on the week overall.
- Galaxy Research said Bitcoin ETFs posted a record $6.35B outflow across the latest 30-day window.
- Analysts are watching $62K support and $67K resistance as macro risks steer near-term Bitcoin direction.
According to crypto.news market data, Bitcoin traded around $64,008, up 0.87% over 24 hours.
The page showed a 24-hour range between $63,188 and $64,462, with daily volume above $16.6 billion. Bitcoin’s seven-day move stayed slightly negative, showing that the weekend bounce only repaired part of the damage.
The move kept traders focused on the $62,000 support area. A clear break below that zone could weaken short-term sentiment, while a move above $67,000 would give bulls a stronger relief setup.
Bitcoin holds range after Friday’s drop
Bitcoin fell below $63,000 on Friday as risk appetite weakened across crypto markets. It later bounced from the weekly 200-period moving average area and the 0.618 Fibonacci retracement, according to crypto trader Daan Crypto Trades.
Daan said the $62,000 area remains the level bulls “must hold” into the weekly close. In his view, a move below that level would look bearish in the short term, while a break above the local high near $67,000 could open a move toward $73,000.
Ether, Solana and Tron also firmed over the weekend, while HYPE remained one of the stronger weekly performers despite a daily pullback. Dogecoin stayed weaker than most large tokens on a seven-day basis.
The broader market move looked more like stabilization than a strong trend change. Bitcoin still needs a higher close above nearby resistance to show that buyers control the next leg.
Hormuz threat keeps macro risk alive
Bitcoin’s weekend move came as traders watched planned U.S.-Iran ceasefire talks in Switzerland. The talks follow last week’s memorandum of understanding, which gave both sides a 60-day window to work toward a longer deal.
The market backdrop remains unsettled because Iran again ordered the closure of the Strait of Hormuz. The waterway is one of the world’s key oil routes. A real closure could lift oil prices and pressure risk assets, including Bitcoin.
crypto.news previously reported that lower oil from a reopened Hormuz can ease inflation pressure and help liquidity expectations. The reverse also matters. Higher oil could revive inflation worries and keep the Federal Reserve cautious, which would limit support for crypto.
That keeps Bitcoin tied to events outside crypto markets. A durable ceasefire would reduce one source of risk, while a renewed oil shock could bring back defensive trading across digital assets.
Bitcoin ETF outflows weigh on demand
ETF flows remain another key issue for Bitcoin price analysis. Galaxy Research said U.S. spot Bitcoin ETFs recorded $6.35 billion in net outflows over the latest 30-day window, the largest such outflow in its tracked data.
The same data showed six straight weeks of outflows. Cumulative net flows reportedly fell to $53.4 billion from a $63 billion peak in October 2025. That suggests institutional demand has cooled while price tries to hold support.
ETF outflows do not always force an immediate price break. Still, they remove a source of steady demand that helped Bitcoin during earlier parts of the cycle. When fund flows weaken at the same time as macro risk rises, buyers often wait for clearer levels before adding exposure.
The pressure also matters because Bitcoin has traded below several earlier cycle reference levels. If funds keep losing capital, spot buyers may need to absorb more supply before price can reclaim the $67,000 area.
Analysts split on momentum signals
Some technical traders see early signs of relief. Crypto analyst BATMAN said Bitcoin printed a daily MACD momentum flip from deeply negative territory. He argued that similar signals in this cycle appeared near local bottoms before relief rallies.

Rekt Capital gave a more cautious historical view. He said that if June ends red, July has often moved in the opposite direction. He also noted that a weak June close could confirm a loss of the 50-month EMA as support, turning any July bounce into a retest rather than a confirmed recovery.
For now, Bitcoin remains caught between support near $62,000 and resistance near $67,000. A close below $62,000 would put the $60,000 to $59,000 zone back in focus. A move above $67,000 could shift attention toward $73,000, especially if oil risk eases and ETF outflows slow.
The near-term setup therefore stays balanced. Bitcoin has stabilized, but traders still need stronger volume, better fund flows and calmer geopolitical news before calling the rebound durable over the near term.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
Crypto World
Ethereum’s Most Notorious MEV Bot Loses $7.5 Million in On-Chain Honeypot Trap
An attacker drained roughly $7.5 million from the JaredFromSubway MEV bot, one of Ethereum’s most active sandwich-attack systems, after tricking it into approving token spending it never should have granted.
Security firm Blockaid, which flagged the incident, said the bot was not hit by a smart-contract bug, a phishing attack, or a private-key leak. Instead, the attacker turned the bot’s own profit-seeking logic against it.
How the MEV Bot was Tricked
The JaredFromSubway MEV bot runs an automated strategy that scans Ethereum’s mempool for profitable trades. The practice is known as maximal extractable value.
The bot front-runs and back-runs other trades to capture the price difference, a tactic called a sandwich attack.
It became infamous in April 2023. In one day, it burned over $1 million in gas, nearly 8% of all Ethereum gas spending.
The attacker spent weeks deploying 66 counterfeit token contracts. The fakes imitated Wrapped Ether (WETH), USD Coin (USDC), and Tether (USDT).
To the bot, these contracts looked like the routes it was built to chase. It took the bait and approved spending to attacker-controlled helper contracts. One approval alone handed over more than 92 WETH.
A final contract then used those open allowances to sweep real funds from the bot.
A Reverse-MEV Trap
The trap turned the bot’s speed and aggression into a weakness. Hunting MEV bots is not new. In 2023, a rogue validator drained about $25 million from MEV sandwich bots.
“attacker-controlled contracts tricking an automated MEV execution system into granting token approvals, later used to drain funds,” Blockaid indicated.
Sandwich attacks like these have long drawn criticism for acting as an invisible tax on everyday traders.
The bot’s operator put the loss closer to $15 million. They also offered a $1 million bounty for the return of the funds. Blockaid and PeckShield valued the on-chain drain at about $7.5 million in WETH, USDC, and USDT.
The operator recovering anything may now depend on the attacker accepting that offer.
The post Ethereum’s Most Notorious MEV Bot Loses $7.5 Million in On-Chain Honeypot Trap appeared first on BeInCrypto.
Crypto World
Polymarket World Cup bets raise questions after $24m wallet profits
On-chain tracker Lookonchain said three wallets made $24.25 million in profits from World Cup betting on Polymarket, raising fresh questions about large traders in crypto prediction markets.
Summary
- Lookonchain linked three winning wallets to one Binance deposit address after posting $24.25M in profits.
- The wallets allegedly won several World Cup bets, then stopped trading and withdrew remaining funds.
- The case adds fresh pressure on prediction markets already facing scrutiny over insider-style information advantages.
The tracker described the activity as tied to a “suspected insider,” but the claim remains based on wallet links and public trading data. Polymarket and Binance had not publicly confirmed the finding at the time of review.
Lookonchain points to three winning Polymarket wallets
According to Lookonchain, the wallets named mintblade, GRIMDRIP and endlessFate together made more than $24 million from World Cup markets. Mintblade reportedly made $9.24 million after winning five out of five bets.
GRIMDRIP allegedly made $7.6 million after winning two out of two bets, while endlessFate made $7.41 million after winning six out of nine bets. Lookonchain said all three wallets later sent funds to Binance through the same deposit address, 0xB08B…317D.
The tracker said the common deposit path suggested the same person may control the wallets. It also said the wallets stopped trading and withdrew all remaining funds after the profits.
Large World Cup wagers drew attention
Lookonchain had already flagged several large World Cup wagers before the latest post. On June 17, it said one trader made $9.24 million in one day after winning four bets, including a large position on Iran not beating New Zealand.
The account also tracked endlessFate placing $7.46 million on Colombia to beat Uzbekistan. If the position won, the bettor stood to make $2.71 million, while a loss would erase the full stake.
Other posts showed more large positions across World Cup markets. A wallet called weatherman12 put $1.81 million on Argentina not winning and Algeria covering a spread. Another wallet, LEEEROYJENKINS, reportedly made $5.2 million from Türkiye not winning against Australia and from an Australia spread bet.
Prediction markets face scrutiny
The case comes as prediction markets draw more attention from regulators, sports fans and crypto traders. As previously reported by crypto.news, Congress has moved to ban lawmakers from trading on prediction markets such as Polymarket and Kalshi, citing insider-trading risks.
crypto.news also reported in February that unusual Polymarket betting tied to a ZachXBT insider-trading probe raised questions about whether some traders had access to better information. That report noted that policing non-public information remains difficult when outside users trade through pseudonymous wallets.
Polymarket relies on public markets where users trade outcome contracts tied to real-world events. Supporters say these markets can reflect fast-moving public expectations, while critics argue they can reward private information when outcomes depend on facts known to only a few people.
World Cup betting expands across crypto
The World Cup has become a major test for sports prediction markets in 2026. crypto.news earlier reported that Myriad launched a $100,000 World Cup contest with more than 75 match markets, while Polymarket and Kalshi were already listing live World Cup markets.
LBank also promoted a World Cup prediction event tied to Spain and Saudi Arabia, showing that exchanges and trading platforms are using football to attract users. These campaigns bring more attention to sports markets, but they also put trade monitoring and fair access under closer review.
For now, Lookonchain’s findings do not prove misconduct. They do show how wallet tracking can reveal trading patterns, shared cash-out routes and unusually strong win rates in public crypto markets.
Crypto World
Notorious MEV Bot Jaredfromsubway.eth Loses $7.5M in Elaborate Honeypot Scheme
Key Takeaways
- The MEV bot Jaredfromsubway.eth suffered a loss exceeding $7.5 million over the weekend
- A malicious actor created 66 fraudulent token contracts across multiple weeks to deceive the automated system
- The bot was exploited into granting permissions to attacker-controlled contracts for fund transfers
- Blockchain security company Blockaid described the incident as a “counter-MEV honeypot attack”
- Portions of the pilfered assets have been transferred to Tornado Cash
A prominent crypto automation tool has fallen prey to its own methodology. The MEV bot operating under the address Jaredfromsubway.eth, which generated substantial profits by front-running other market participants, lost over $7.5 million this past Saturday.
Blockchain security company Blockaid verified the exploit.
The Mechanics Behind the Exploit
The perpetrator executed a patient, methodical approach spanning multiple weeks. They created 66 counterfeit token contracts mimicking legitimate assets including Wrapped ETH, USDC, and USDT. These fraudulent tokens were matched with deceptive liquidity pools engineered to appear as lucrative trading opportunities.
The automated system performed precisely as programmed. It identified what appeared to be a profitable arbitrage scenario and granted specific contracts authorization to access its treasury.
This authorization was the vulnerability the attacker exploited. Within a single blockchain transaction, all 66 malicious backdoors activated simultaneously, draining the bot’s entire holdings across ETH, USDC, and USDT.
“The irony is that through its own operational processes, it handed the attacker access to millions sitting in the bot’s wallet,” explained Blockaid’s Chief Technology Officer Raz Niv.
Blockaid emphasized this wasn’t a conventional security breach. “This differs from typical phishing schemes and traditional smart-contract exploits,” the company stated. The attack specifically targeted the automated reasoning mechanisms fundamental to MEV bot operations.
Understanding Jaredfromsubway.eth
MEV (Maximal Extractable Value) bots scan pending blockchain transactions and reorder their execution sequence for financial gain. This practice is often described as an “invisible fee” imposed on everyday users.
Sandwich attacks represent a widespread tactic. These bots detect incoming trades, insert their own transactions immediately before and after the target trade, and capture profits from the resulting price fluctuations.
From November 2024 through October 2025, Jaredfromsubway.eth executed approximately 70% of all sandwich attacks on the Ethereum network. Research from Cointelegraph indicates these attacks drain roughly $60 million annually from traders, with monthly attack volumes ranging from 60,000 to 90,000 during peak periods.
Last May, Ethereum creator Vitalik Buterin became a target of this identical bot during a modest DigitalBits token swap. While his monetary loss was negligible, the incident demonstrated that no transaction value is beneath targeting.
Onchain tracking reveals that portions of the stolen cryptocurrency have been routed through Tornado Cash, a privacy-focused mixing protocol.
Community sentiment regarding the incident has been divided. Crypto investor David Gokhshtein commented: “This isn’t something to celebrate; nobody should be cheering… but if this bot has ever sandwiched your trades… I suspect you’re not mourning this development.”
This exploit represents among the most substantial individual losses documented for any MEV bot to date.
Crypto World
Solana (SOL) Price Watch: 600,000 Tokens Flow to Exchanges as Key Levels Emerge
TLDR
- A significant deposit of 600,000 SOL landed on exchanges, sparking supply-side concerns
- Market watcher Ali Charts highlights $50 as a critical zone to monitor for potential retracements
- Trader Ardi views the $45–$60 band as a more favorable accumulation opportunity for long-term positions
- SOL has rebounded from recent bottoms and now faces a test at the $80 resistance threshold
- Development activity remains robust across payments, prediction markets, and tokenized assets on the Solana network
Solana has captured significant market attention following a substantial token transfer to trading venues, prompting analysts to reassess critical price thresholds.

Crypto market analyst Ali Charts documented a notable event on June 20: approximately 600,000 SOL tokens were transferred to centralized exchanges within a compressed timeframe. Market participants typically scrutinize such sizable exchange deposits as they often precede selling activity or position adjustments by large holders.
Major Token Transfer Highlights $50 Price Zone
Ali Charts characterized the sudden surge in exchange-bound tokens as a sign that holders are relocating liquid assets from self-custody solutions. He interpreted this movement as growing uncertainty regarding the sustainability of present valuation levels.
He further noted that should this influx of spot inventory catalyze a rapid sell-off, the $50 mark represents his primary downside target. According to his assessment, a retracement into this price zone could neutralize near-term selling pressure and establish a more resilient foundation for subsequent upward momentum.
It’s important to recognize that exchange deposits don’t automatically translate to immediate liquidations. Certain transfers serve purposes such as collateralization or platform-internal operations. Market participants are awaiting concrete price action before committing to directional positions.
SOL has staged a recovery from its recent nadirs, climbing back toward the $68 area. This rebound has redirected focus to the $80 resistance barrier, which analysts now identify as the next significant hurdle.
Market Observer Prefers Entry Points Below $60
Crypto trader Ardi has been examining Solana through a historical cycle perspective. He observed that SOL peaked near $295 before entering its current downtrend, and an 80% to 85% retracement from that high would position the asset within the $45–$60 corridor.
He indicated this price band corresponds with the bottom boundary of his multi-year valuation framework. Ardi has explicitly stated he’s avoiding purchases at present prices, preferring instead to wait for a descent into that support region before establishing long positions.
Ardi also referenced Solana’s previous bear cycle, when the FTX implosion drove SOL down to approximately $8 following an already severe 90% decline from its all-time high. He noted that investors who accumulated near $17 prior to that final capitulation event still realized substantial returns during the subsequent recovery phase.
Technical analysis using Elliott Wave methodology from More Crypto Online suggests SOL may be constructing a higher low formation. Should buying pressure persist, this pattern could facilitate a challenge of the $80 resistance level.
Regarding ecosystem development, prominent Solana community figure Mert emphasized that the network has validated its performance capabilities through years of high-throughput usage. He identified prediction markets, tokenized equities, enterprise-grade payment solutions, and privacy-preserving applications as potential growth vectors for on-chain activity.
According to current market dynamics, the $50 and $80 thresholds remain the two pivotal price zones commanding the greatest attention from active traders.
Crypto World
Pudgy Penguins cards hit Target shelves across the U.S.
Pudgy Penguins has expanded its physical retail push by bringing Vibes Series 3 trading cards to Target stores across the United States.
Summary
- Pudgy Penguins Vibes Series 3 cards are now available at Target stores across the U.S.
- The rollout gives the NFT-born brand more exposure to collectors outside traditional crypto markets nationwide.
- Moonbirds characters and new gameplay features aim to broaden appeal for Vibes trading cards online.
The rollout gives the NFT-born brand more shelf space in a mainstream retail channel.
The launch follows earlier Vibes card releases and builds on the project’s push into toys, games and licensed products. The new set adds more gameplay features, original artwork and characters from the Moonbirds collection.
Cards reach Target shelves
Pudgy Penguins and Vibes TCG said on X that the Vibes Season 3 collection is now available in all Target stores nationwide. The post described the launch as “a new chapter for Pudgy Penguins and Web3.”
The project also shared a VibesChecker tool for buyers to find local Target stock and upload card pulls. The rollout marks the largest retail move so far for the Vibes trading card game.
Vibes is a physical and digital trading card game built around Pudgy Penguins IP. The game lets users collect, trade and compete with penguin characters that have different abilities and rarities.
Brand moves further beyond NFTs
Pudgy Penguins began as an Ethereum NFT collection of 8,888 cartoon penguins in 2021. Since then, the project has tried to turn its characters into a consumer brand through plush toys, cards, games and licensing.
As previously reported by crypto.news, PENGU drew market attention earlier this year as analysts pointed to the strength of the Pudgy Penguins brand beyond short-term NFT trading. The report said the project’s value story had moved beyond the original digital collection.
The Target rollout fits that same strategy. Instead of relying only on NFT markets, Pudgy Penguins is placing its characters in stores where customers may have little direct contact with crypto.
Vibes adds Moonbirds characters
Vibes Series 3 includes characters from Moonbirds, another known NFT collection. The set follows earlier Vibes releases and adds new card types and gameplay mechanics for returning players.
NFT Calendar reported in May that the third set, called Birb & Pengu, would include 195 new cards. It also said the set would introduce “Fits,” a card type used to upgrade character cards during gameplay.
Orange Cap Games developed Vibes in partnership with Pudgy Penguins. The studio says Vibes is both a physical and digital trading card game based on the Pudgy Penguins brand.
PENGU remains tied to consumer push
The rollout comes as Pudgy Penguins continues to connect its token, games and consumer products. CoinGecko data showed PENGU trading near $0.0067, with a market cap of about $425 million at the time of review.
The token sits beside the brand rather than replacing its retail push. Buyers of cards at Target may not need to hold PENGU or own a Pudgy Penguins NFT, which gives the brand a different path to reach new users.
Crypto.news also reported that Pudgy World helped lift attention around PENGU earlier in 2026. The project has used games, merchandise and public brand deals to keep the penguin characters visible outside NFT marketplaces.
The Target card rollout adds another retail channel to that plan. It also shows how some NFT projects are testing physical products as a way to stay relevant after the first NFT market boom.
Crypto World
Caesars, DraftKings, and the ZunaBet Surge
Caesars and DraftKings are two names that show up in nearly every US online betting conversation. Both have spent years building strong recognition through major league deals, polished apps, and nonstop ad spend. But the industry is moving, and a fresh group of crypto-first casinos is starting to win over players who want a quicker, more modern experience. ZunaBet, launched in 2026, is one of the names becoming part of that shift.
Here is how Caesars and DraftKings compare today, and where ZunaBet is starting to make its mark as a different kind of platform.
The Two Big Names in US Betting
Caesars has been part of gambling for decades. The brand built its reputation in physical casinos before moving online through Caesars Palace Online Casino and the Caesars Sportsbook. Everything runs on fiat money, with deposits through cards, bank transfers, and PayPal. The Caesars Rewards program ties online play to perks at Caesars resorts, including hotel stays and dining credits.
DraftKings reached the top another way. It started as a daily fantasy sports site before growing into a full sportsbook and online casino. It is now one of the most familiar names in US sports betting, with sharp mobile apps and partnerships across the major leagues. Like Caesars, it works only in dollars and runs under state-by-state licensing.
Both are reliable picks for players who want a regulated US betting experience. But both also carry the same limits. They only operate in certain states, withdrawals are slower than what crypto sites manage, and their game libraries are smaller compared to global platforms. Their loyalty programs still follow the same tier and points layout that has been around for years.
ZunaBet Joins the Story
ZunaBet is a newer name climbing in player conversations since its 2026 launch. It is owned by Strathvale Group Ltd and operates under an Anjouan gaming license. The biggest gap between ZunaBet and the older brands sits at the foundation. ZunaBet was built around crypto from day one rather than adapted later from a fiat-based system.

The casino offers more than 11,000 games from over 60 providers, including big studios like Pragmatic Play, Hacksaw Gaming, Yggdrasil, BGaming, and Evolution. That library easily outpaces what most US-licensed casinos can carry. Slots, table games, and live dealer rooms all sit under one account.

A full sportsbook is part of the package too. It covers football, basketball, tennis, NHL, and the other major sports, alongside esports like CS2, Dota 2, League of Legends, and Valorant. Virtual sports and combat sports finish out the menu. That puts ZunaBet in the same hybrid space as DraftKings, but with broader coverage rolled into one platform.
Crypto vs Traditional Models
This is where ZunaBet really separates from the older brands. Caesars and DraftKings only handle dollars. That means bank processing, possible holds, and slower payouts.
ZunaBet supports more than 20 cryptocurrencies, including Bitcoin, Ethereum, USDT across multiple chains, Solana, Dogecoin, Cardano, and XRP. There are no platform fees on transactions, and withdrawals move quickly. For players who already use crypto or just want quicker and cheaper transfers, the upgrade is clear.

Crypto platforms also tend to operate globally instead of being limited to specific states. Players in many regions can use the full casino and sportsbook without the patchwork rules that come with US brands. For a generation that already spends much of its time in digital, crypto-friendly spaces, that fits how they expect any modern platform to work.
Welcome Offers Side by Side
Caesars and DraftKings both run welcome offers, usually built around a deposit match or a risk-free first bet. The exact terms shift by state, and wagering rules can be strict.
ZunaBet offers a welcome package worth up to $5,000 plus 75 free spins, spread across three deposits. The first deposit gets a 100% match up to $2,000 plus 25 spins. The second adds a 50% match up to $1,500 plus 25 spins. The third gives another 100% match up to $1,500 plus 25 spins. Marketed as a 250% bonus over three deposits, it gives new players more chances to explore the platform than a one-shot offer would.

Loyalty Programs Compared
Caesars Rewards is one of the most established loyalty programs in gambling. The link to physical resort perks is a strong draw for players who visit Vegas or Atlantic City. DraftKings Dynasty Rewards lets players earn points to swap for bonuses, free bets, and event access.
Both work, but both follow the same loyalty card formula the industry has used for decades. ZunaBet takes a different approach. Its program runs on a dragon evolution theme with a mascot called Zuno. There are six tiers: Squire at 1% rakeback, Warden at 2%, Champion at 4%, Divine at 5%, Knight at 10%, and Ultimate at 20% rakeback at the top.

Players also pick up tier-based free spins up to 1,000 spins, VIP club access, and double wheel spins as they climb. The whole setup feels closer to leveling up in a game than swiping a points card. For players who enjoy that kind of system, it lands harder than a standard VIP program.
Why ZunaBet Is Worth a Closer Look
Caesars and DraftKings still make sense for players who want a familiar, regulated US betting experience. Both brands are strong, and neither is going to lose its place. But what players want from these sites is changing fast. Quick payouts, deeper libraries, and more engaging rewards are turning into baseline expectations rather than nice extras.
ZunaBet is built around that baseline. The crypto-first foundation means fast payments and low fees. The game library outpaces what most established brands carry. The sportsbook covers traditional sports and esports together. The dragon loyalty program turns regular play into a journey with clear rewards at every step.
For players who want speed, variety, and a more modern feel, ZunaBet is one of the most exciting options on the market right now. It is still an emerging platform, but the direction is clear. A new generation of players expects crypto support, gamified rewards, and global access as standard features, not extras layered on top.
Caesars and DraftKings shaped what online betting looks like today. ZunaBet is one of the platforms shaping what comes next.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Crypto World
LAB Nears Top 20 Alts After 25% Surge, BTC Price Taps $64K: Weekend Watch
Bitcoin’s gradual price recovery since the Friday dip below $62,400 continues as the asset added two grand from that local low to $64,400 over the past several hours before it lost some traction.
Most altcoins have been quite sluggish over the past 24 hours. XMR and NEAR are among the few exceptions in the green, while ONDO has dropped by over 3.5%.
BTC Reclaims $64K
June began on a highly negative foot, with bitcoin slumping from $73,000 to $59,100 in just five days. The bulls finally stepped up after this calamity and didn’t allow another breakdown. The subsequent bounce-off drove BTC to $64,000 by the start of the next business week, but the actual breakout attempt arrived last Sunday and Monday.
At the time, US President Donald Trump announced a deal with Iran, which was supposed to be signed by June 19. BTC reacted with an immediate uptick to $67,200 on Monday, which became its highest price tag in two weeks. However, it faced another rejection, which was exacerbated after the FOMC meeting on Wednesday, and it dipped below $62,400 by Friday.
The promised deal is yet to be signed, which could be among the reasons behind the market-wide weakness. Nevertheless, bitcoin still managed to regain some traction and tapped $64,400 earlier today. Although it was stopped there, it still trades above $64,000 at press time.
Its market cap remains above $1.285 trillion on CG, while its dominance over the alts is still north of 56%.

LAB Nears Top 20
As mentioned above, there’s little volatility from the larger-cap alts today. Ethereum stands still at $1,730, BNB is at $590, and XPR is just inches below $0.15. Solana, despite some major token deposits to exchanges, is up by over 2% to $73. TRX, CC, and XMR are also in the green, while HYPE and XLM have lost some traction.
NEAR has risen by 3.5% to $2.24, while ONDO is below $0.34 after a 3.2% decline. LAB is today’s top performer once again, surging by over 25%. It now trades well above $15 after a 230% monthly rise, and it’s close to the top 20 alts by market cap. AERO follows suit in terms of daily gains, as an 11% pump has helped it enter the top 100 alts.
The total crypto market cap has tapped $2.290 trillion on CG after another minor increase on a daily scale.

The post LAB Nears Top 20 Alts After 25% Surge, BTC Price Taps $64K: Weekend Watch appeared first on CryptoPotato.
Crypto World
Brothers face 20 years after $8m crypto kidnapping plea
Two Texas brothers pleaded guilty in a federal case tied to the armed robbery of a Minnesota family and the theft of more than $8 million in cryptocurrency.
Summary
- Two Texas brothers pleaded guilty to robbery after an armed $8 million crypto kidnapping case.
- Prosecutors said the victims were held for nine hours while crypto was transferred under threat.
- The case adds to rising global wrench attacks targeting crypto holders and their family members.
The U.S. Attorney’s Office for the District of Minnesota announced the pleas on June 18.
Isiah Angelo Garcia, 25, and Raymond Christian Garcia, 24, both of Waller, Texas, pleaded guilty to one count each of Interference with Commerce by Robbery. Prosecutors said each man faces up to 20 years in federal prison. Sentencing dates have not yet been set.
Guilty pleas follow armed crypto robbery
According to the Justice Department, the Garcia brothers traveled from Texas to Minnesota in September 2025 to carry out the robbery. Prosecutors said they held a family at gunpoint in their home in Grant, Minnesota, while demanding access to crypto accounts.
The defendants admitted in their guilty pleas that they used firearms to threaten the victims and help carry out the robbery. They also agreed to pay more than $8 million in restitution.
“The guilty pleas entered today reflect our commitment to holding the defendants accountable for the choices they made,” U.S. Attorney Daniel Rosen said.
Prosecutors describe hours-long ordeal
Court records said the robbery began on Sept. 19, 2025. Prosecutors said the brothers zip-tied the victim, his wife and his son, and held the family at gunpoint for more than eight hours.
Isiah Garcia then took the main victim to a family cabin in northern Minnesota, where prosecutors said he forced him to retrieve extra crypto storage devices. The brothers ultimately forced the transfer of more than $8 million in digital assets.
The victim’s son later called 911 when one of the suspects left the home. Deputies found the wife and son still zip-tied inside the house. Investigators also found a disassembled AR-15-style rifle, ammunition and other items near the property.
Evidence led police back to Texas
The Justice Department said investigators used items left near the home to identify the suspects. Earlier charging documents said a Wendy’s receipt, rental car records, motel records and video surveillance helped track the brothers after they fled Minnesota.
Police arrested the brothers in Texas on Sept. 22, 2025. Prosecutors said Isiah Garcia later admitted that he and his brother drove to Minnesota, held the family at gunpoint and forced the crypto transfer.
The case moved from state charges to a federal case. The brothers were originally charged in Washington County, Minnesota, with kidnapping, robbery and burglary counts before the federal prosecution moved forward.
Case adds to wrench attack concerns
The guilty pleas come as law enforcement and security firms track more physical attacks against crypto holders. These attacks are often called wrench attacks, a term used when criminals rely on force, threats or kidnapping to steal digital assets.
As previously reported by crypto.news, France has faced a wave of crypto-linked abductions and attempted kidnappings in 2026, including a failed attack involving the wife of The Sandbox co-founder Sébastien Borget. The same report said security experts urged crypto holders to reduce public exposure and improve personal safety.
CertiK reported 34 verified wrench attack cases worldwide between January and April 2026, with estimated losses of about $101 million. Its earlier 2025 report counted 72 verified physical coercion incidents, up 75% from 2024.
The Minnesota case forms part of a wider pattern of physical crypto crime tracked by law enforcement and security firms. Prosecutors will next seek sentencing in federal court. Until then, both brothers remain convicted by guilty plea and await punishment.
Crypto World
SpaceX’s Mascot Shiba Dog Adds $50 Million to a Parody Token
A Shiba Inu plush toy on SpaceX’s online store has sent a parody crypto token or meme coin into another sharp rally.
Asteroid Shiba, an Ethereum-based meme coin built around the “Asteroid” plush from SpaceX’s Polaris Dawn mission, jumped more than 137% over the past week, according to CoinGecko.
Its market value briefly climbed from roughly $22 million at its weekly low to about $86 million at the peak, before cooling to around $60 million.
That means the token briefly added more than $60 million in paper value during the move. Even after the pullback, it remains far above where it traded before the latest wave of SpaceX-linked attention.
A Plush Toy Becomes a Trade
The trigger was simple. SpaceX listed a $35 “SPACEX ASTEROID PLUSH” on its store, marked “coming soon,” with the company saying it expects Asteroid to “land” in September.
The store page describes Asteroid as a Shiba with “the fluffiest of ears” and says it was designed by “Liv P,” an honorary member of the Polaris Dawn team.
Crypto traders read that as fresh fuel for a story that had already gone viral once.
Asteroid was not created as a crypto mascot. It began as a real plush toy designed by Liv Perrotto, a young cancer patient and space fan who became connected to the Polaris Dawn crew through St. Jude-linked spaceflight efforts.
The plush flew on the Polaris Dawn mission in September 2024 as the crew’s zero-gravity indicator. That is the small object astronauts use to show when they have reached microgravity.
The Emotional Origin Story
Liv said Asteroid was inspired by Elon Musk’s Shiba Inu, Floki. She wanted the toy to help other children believe that space was not impossibly far away.
Before her death in January, Liv reportedly left Musk a list of questions. The last question asked whether Asteroid could become SpaceX’s official mascot. Musk later replied publicly, and that response helped turn the toy into a full crypto narrative.
In April, ASTEROID exploded after Musk’s reply. CoinDesk reported that one anonymous wallet turned a $575 trade into about $1.17 million in five days during that first run.
The latest rally is the sequel. This time, the catalyst was not just a social media reply. It was a SpaceX store listing.
The Line Traders Keep Blurring
The key detail is the distinction between the plush and the token. SpaceX is selling the Asteroid plush. It is not selling, endorsing, or backing the ASTEROID token.
The token has no formal ties to SpaceX, St. Jude, Musk, or Liv’s family, and no verified mechanism directing token proceeds to charity.
That has not stopped the market. ASTEROID now trades as a pure narrative asset: part SpaceX lore, part Shiba meme, part emotional internet story.
That combination has been enough to add tens of millions of dollars in market value within days. It also means the same attention that lifted it can disappear quickly.
The post SpaceX’s Mascot Shiba Dog Adds $50 Million to a Parody Token appeared first on BeInCrypto.
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