BTC hits $118K, liquidates $1B in shorts
Robinhood staking goes live (ETH & SOL)
🔐 Dorsey’s Bitchat goes live, no internet needed
💸 Pump.fun’s $1B raise & airdrop rumors = memecoin chaos
🧡 Strategy adds 1,054 more BTC = 582K stack now
🌍 Institutions keep buying while retail watches from afar
Bitcoin hit a whopping $117,000, with Ethereum sliding back into the $3K club — all while the U.S. Dollar had its worst first half since 1973 .
The trigger? Debt ceiling drama + fiscal chaos in DC.
Oh, and Elon’s out of DOGE 👋 and starting the “America Party” — pro-Bitcoin, ofc
Crypto’s back in the driver’s seat as institutions hedge, and BTC leads the charge in global price discovery.
Real-world is shaky. Onchain is thriving.
Rekt alert: Over $1B in short positions wiped clean as BTC rocketed past $118K.
Big-name traders like James Wynn and @qwatio got mega rekt, and futures volume hit $59B.
BTC dominance is now over 62%, and ETH is trailing behind.
Despite the bloodbath, we’re not at peak greed — meaning... we might just be getting started 🚀
Jack Dorsey’s back with Bitchat, a peer-to-peer messaging app that doesn’t need the internet.
Yup — Bluetooth mesh, E2E encrypted, pure cypherpunk vibes 🔐
While BTC is still moonwalking past all resistance levels, Robinhood launched ETH & SOL staking in the US, and memecoin central, Pump.fun, announced a $1B token sale 😳
Also, Michael Saylor's Strategy added another 1,054 BTC because... why not.
The market? Still vibing. Still volatile. Still beautifully bullish. 🔥
You heard that right. Robinhood is now a staking hub
US users can now stake Ethereum and Solana starting at just $1, with returns ranging from 50%-100% of protocol rewards.
Regulatory clarity = green light for Robinhood.
Heads up though: Not available in CA, NY, NJ, MD, and WI 🚫
Also, word on the chain is that Robinhood is building its own blockchain on Arbitrum — 24/7 trading, self-custody, and on-chain dividends. Let’s gooo 🔗🚀
Pump.fun is raising $1B for its native $PUMP token — and the memecoin market is sweating 💦
With a projected $4B FDV, traders fear this could suck liquidity from smaller Solana projects.
But here’s the alpha: 10% of $PUMP is earmarked for an airdrop — that’s potentially $400M up for grabs 🎁
Early users, especially those on PumpSwap, might wanna start checking their wallets 👀
Airdrop meta ain’t dead. It’s evolving.
Michael Saylor's firm Strategy just copped 1,054 more BTC, bringing their stack to 582,000 BTC 🤯
That’s over $40B in Bitcoin at an average price of $70K — and they did it without issuing new MSTR shares.
They’re playing chess while others play memecoins ♟
And get this — only 123.5K BTC left on OTC desks. Supply is drying up. Accumulation season is still ON 🧡
Alright, that’s a wrap for this week edition of The Web3 Watch! 🚀
See you all next week!
