😂1000 Stars giveaway has concluded and a huge congratulations to @scalopus for todays winner of the 24 hour active chatter race!

Polychain-Backed Bitcoin Layer 2 Network Botanix to Shut Down

Polychain-backed Bitcoin Layer 2 network Botanix announced that it will gradually wind down operations. The Botanix team said that growing market preference for Bitcoin as a reserve asset, combined with DeFi demand concentrating on more accessible Ethereum general-purpose L2s, has left the network's fee revenue far below the level needed to cover infrastructure costs. The team advised all users with assets remaining on Botanix to withdraw their Bitcoin and other assets from the network before July 9, 2026.

via x.com/WuBlockchain

Polychain money, Botanix ambition, and apparently zero people who wanted to actually use it. "Fee revenue far below infrastructure costs" is just a polite way of saying the chain was running on fumes and hope. if you've still got anything on there, July 9 is not a suggestion.

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💀 The Damage · 🔗 Read

💰 600 Stars Race - Top 3 chatters in @viewsgeneral in 11 hours from now all get 200 stars each - time to race boys and girls 🤝

#PeckShieldAlert Specter reported that @Raydium has been drained of $1.3M worth of crypto

The attacker was initially funded from #KuCoin, bridged the stolen funds from #Solana to ETH, and deposited 810 $ETH to #TornadoCash and 7 ETH to #FixedFloat.

via x.com/PeckShieldAlert

Raydium got drained and the attacker ran the exact same playbook: KuCoin for gas, bridge to ETH, dump it in Tornado. $1.3M and they didn't even bother improvising. At some point you have to wonder if there's literally a tutorial going around.

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💀 The Damage · 🔗 Read

JUST IN: $1.1 trillion wiped out of Gold's market cap today.

via x.com/WatcherGuru

Gold guys are NOT having a good day.

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💀 The Damage · 🔗 Read

💰 I would be lying if I said it wasn’t close… just the top 3 chatters accumulated over 3k chats today, grats to @Zexxyzz @pironcorp and @piscatorial winning by 1 extra chat ✅

South Korean Police Book CEO of Second-Largest Crypto Exchange Bithumb as Bribery Suspect

According to Yonhap, Seoul police have booked Bithumb CEO Lee Jae-won as a bribery suspect over allegations that he helped secure a job at Bithumb for the son of independent lawmaker Kim Byung-kee. Investigators are also examining whether Kim engaged in parliamentary activities benefiting Bithumb in return. The case remains under investigation.

via x.com/WuBlockchain

A job for the lawmaker's kid in exchange for favorable treatment from the lawmaker, allegedly. This isn't even creative corruption, it's the same arrangement your local zoning board runs on, just with a KYC portal slapped on top. So tired of these guys not even trying to be interesting about it.

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Nakamoto Sells 600 BTC to Repay $45 Million Debt

Nasdaq-listed Bitcoin treasury company Nakamoto announced that it sold approximately 600 BTC and related derivatives, generating net proceeds of around $48 million to repay $45 million of debt. The company currently still holds 4,468 BTC in reserve. In addition, the board has formally authorized a share repurchase program of up to $25 million in common stock.

via x.com/WuBlockchain

Sold 600 BTC to pay down debt they presumably took on to buy BTC in the first place, which is a very specific kind of hamster wheel. The 4,468 still on the books means they're not blowing it up, but repaying $45M in obligations while announcing a $25M buyback in the same breath is a strange set of priorities to hold simultaneously. Treasury strategy is starting to look less like a thesis and more like just managing the margin call calendar.

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💀 The Damage · 🔗 Read

The 100 USD winner is @scythewaste you have 24 hours to claim the reward congratulations!

If it is not claimed in 24 hours it will be rolled to the active chatters

Next giveaway is live in next few hours! stay tuned

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NFTfi to Shut Down as NFT Market Contraction Makes Operations Unsustainable

NFT lending protocol NFTfi announced it will shut down after the NFT market contracted to a size where potential revenue no longer covers operating costs. Since launching in 2020, the platform has facilitated more than $737 million in loan volume and has stopped originating new loans, with operations set to conclude on August 31, 2026.

via x.com/WuBlockchain

$737M in loan volume and the collateral turned into JPEGs nobody wants to borrow against anymore. Hard to run a lending book when the assets stopped having prices. August 31st is a long goodbye for something that already ended.

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Giveaway winner was paid $100, again congratulations to @scythewaste and thanks for everyone taking part - next giveaway coming right up!

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ZachXBT: $120M USDT Wallet Linked to XMR Surge, Tether Freezes $72M

According to ZachXBT, a Tron address received 120.2 million USDT on June 11 and subsequently transferred over $12 million to KuCoin deposit addresses, $8 million to instant exchanges, and another $8 million through Near Intents to Bitcoin and Ethereum.

The entity also placed large Monero buy orders, contributing to XMR’s surge from $330 to $420. Tether has since blacklisted a related address holding 72 million USDT.

via x.com/WuBlockchain

Someone moved $120M in USDT on Tron, immediately bought a bunch of Monero to disappear the trail, and Tether froze $72M of it anyway. The "untraceable" leg of the plan is functioning great, the $72M sitting frozen in plain sight less so.

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Newsview Daily

Jackpot Pot: 🪙 31 — a slice of every win, drawn tonight.

Yesterday's top chatters:
1. Zexxyzz — 523 msgs (+🪙 30)
2. nanalyenlor — 494 msgs (+🪙 20)
3. ERRORFIX07 — 469 msgs (+🪙 10)
The month's top chatters win real cash: $40 / $20 / $5 (and it scales as we grow).
Spam won't win it: gibberish and bot activity are auto-filtered, and winners are hand-reviewed before any payout.

Grab your free daily points two ways: tap Claim in the app, or /claim once you're in the chat group.
Then chat to earn more, gamble at /dice /flip /slots /duel, and redeem for Telegram Stars, Premium and a $100 crypto prize.
Jump into the chat and games below.

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Cointelegraph: Swiss Investor Says KuCoin Has Yet to Pay $2M Court Award Over Delisted Tokens

A Swiss investor claims KuCoin has not paid a Seychelles Supreme Court award of over $2 million tied to 21 million delisted CHP tokens. The court ruled in December 2025 that KuCoin could not treat unwithdrawn tokens as “abandoned” and ordered the exchange’s Seychelles entities to compensate the investor. KuCoin reportedly did not appear in court and has not responded to the allegations.

via x.com/WuBlockchain

KuCoin didn't even show up to the court date, which tells you everything about how they planned to handle this from the start. A Seychelles Supreme Court rules you can't just pocket a guy's delisted tokens and call them "abandoned," and the response is apparently to keep ignoring it and hope he gets tired. the audacity of running an exchange where YOUR decision to delist becomes the customer's problem is so normalized at this point that it took a full lawsuit and a court order just to establish that no, actually, that's theft.

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NEW: @Bybit_Official ANNOUNCES "DUE TO XSTOCKS’ INABILITY TO DELIVER THE UNDERLYING ASSETS, NO SPACEX ALLOCATIONS WERE RECEIVED. AS A RESULT, SUBSCRIBED USERS WILL NOT RECEIVE SPACEX ALLOCATIONS"

"100% OF SUBSCRIPTION FUNDS WILL BE AUTOMATICALLY REFUNDED TO YOUR ORIGINAL FUNDING ACCOUNT"

via x.com/DegenerateNews

xStocks couldn't deliver the SpaceX bag and now Bybit has to do the walk of shame announcement 😭 "100% refunded to your original funding account" is corporate for "we got played." the tokenized real-world assets pipeline really said not today.

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#PeckShieldAlert $MIM has dropped -11% to $0.8776 @MIM_Spell

via x.com/PeckShieldAlert

A stablecoin that isn't stable is just a coin with extra steps and a worse reputation. MIM doing an 11% nosedive to $0.87 means the "stable" part was always doing a lot of heavy lifting in that name. Spell has been here before and somehow the market still acts shocked every time the peg remembers it has options.

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💀 The Damage · 🔗 Read

NEW: @MetaMaskSupport SAYS "THERE IS CURRENTLY A DISRUPTION TO CONNECTIVITY ON MULTIPLE NETWORKS"

"OUR TEAM IS AWARE AND WORKING TO RESOLVE THE ISSUE AS QUICKLY AS POSSIBLE"

via x.com/DegenerateNews

MetaMask down bad and honestly I'm a little bit happy about it. Every person who called you paranoid for running your own node is refreshing the support page right now.

You're here for the carnage, might as well get paid for it. Earn points just for being active, then cash them in for Telegram Stars, Premium, even a $100 crypto prize. Open 💀 The Damage to start.

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💀 The Damage · 🔗 Read

🛞 Chat Race Concluded 🛞

💰 300 Stars @Zexxyzz
💰 200 Stars @ERRORFIX07
💰 100 Stars @nanalyenlor

⭐️ Was fun to see everyone battle it out in @yappish

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