Crypto bros in shambles right now
Source: me, I am in shambles

BREAKING: THE S&P 500 OFFICIALLY HITS A NEW RECORD HIGH.
That's +$18 trillion in market cap since the April 2025 bottom.
Asset owners are winning.

The Kobeissi Letter

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Over the past six months, I've gone from being an observer of Web3 to entering the payment industry. Now, I've chosen to stop and cease working on Web3 payments.

This isn't a retreat after a failure, but rather a judgment and adjustment made after truly getting involved. In these past six months, I've traveled to Yiwu, Shuibei, Putian, and even Mexico, seeing how payments are actually implemented in the most prominent places mentioned in reports. I've also been involved, building a Web3 payment MVP, taking over accounts, developing Web3 payment tools, and trying to run my imagined path from the first step to the last.

But the further I went…

An entrepreneur's account: From beginning to end, why I stopped developing Web3 payments.

A new proposal called "The Cat" is causing a stir in the Bitcoin community by suggesting the possibility of permanently deleting existing Ordinals and Non-Fungible Token from the network, thereby reigniting one of the most debated issues...

The Bitcoin community is fiercely debating the proposal for "The Cat".

Pi Coin's price has risen slightly by over 1% in the last 24 hours, but it is still trading more than 20% lower than three months ago. The downtrend has not been reversed, but there is a sign of a shift.

A bearish scenario...

Retail investors are buying in as Pi Coin's price drops – but only large capital inflows can stop the plunge.

Same. Everyone’s “fine” until the next wick. 🫡