The Mom Crash plot is thick

Also: What do SBF and Capone have in common?

GM. The only thing that squeezes harder than this lemon is that poor Altcoin that fell 40%.

📰 Updates on the situation of Mom Crash.

🍋 News dropps: SBF is transferred, Coinbase addresses Memecoin + more problems

🍍 Market taste today

Fed President Jerome Powell spoke yesterday – And when it does, markets generally pay attention.

Crypto is no different – Bitcoin He began to seem that he could make a race at $ 86K … until Powell opened his mouth.

What did he say? Bit. And that is the problem.

He said the The new rates announced by Trump were much larger than expectedand warned that the uncertainty that surrounds them could cause long -term damage to the economy.

That is because they are preparing us for a difficult combo:

• Slower growth,

• Increase in unemployment,

• And faster inflation.

Everything that happens at the same time. That is a mixture with which the Fed has not had to deal in about fifty years.

This is important because the Fed has two main objectives: keep inflation and help the labor market to stay strong. Tariffs are now threatening both.

And while the US economy Looks pretty good At the moment, Powell said they will wait to see how things develop before doing something.

Translation: Interest rates are likely to remain high for now

This means that cryptography will not get much help from monetary policy unless inflation really begins to fall – And that will probably not happen before summer.

In a separate note, We also obtained new data on US retailers. UU. – In March, they Rose more than they have done in more than two years.

That type of news should be good for cryptography. When people spend, they generally mean they have extra cash and feel safe = bullish.

But this time, it was not confidence, It was panic. People bought things like cars and electronics before tariffs send prices through clouds.

And as the chief economist of Erica Bank Bill Adams saying“It is difficult to feel good with the Americans that panic buy cars as consumer confidence craters,” because once panic fades, Demand will probably fall.

So, yes, the economy is in a strange place: consumers are panic purchases, tariffs are creating uncertainty, Powell is waiting and the cryptography market is …

Confused.

🥝 Memecoin harvest

Shit postponing its way to the top:

Data at 05:00 am est.

Check out these memecoras and much more here.

On Monday, we cover the wild story of the token om of Mantra Dao that crashed at 90%.

(If you did not read that edition 🤨 or we were not yet signed 🤨 – – – – – – – – – – – – – – – – – – – – – – – – – Go up to date here.

Now for the sequel: the mantra team issued a statement yesterday.

TL; DR: “We are still here, we are still building, and no, we didn’t.”

They also said they did not sell a single OM during everything and blamed the collapse of a wave of forced liquidations. The theory: some great OM holders in centralized exchanges were eliminated when the price fell too low so that their positions provided to remain open.

The team also announced its plans in the future:

• Ask the exchanges to help explain what WTF happened;

• Launch a public board that shows real -time balances of all the main tokens assignments (basically to demonstrate that they are not selling in secret);

• Buy back and burn some om tokens (and fyi: token burns = the supply falls = the price rises).

Now, this statement came after Mullin had a Chat with YouTuber and Coffeezilla cryptographic researcher.

And this publication summarizes practically:

Mullin doubled: the team did not sell during the accident, and they were not settled either.

But.

Admitted that they had before sold $ 25m – $ 30m in tokens om – Simply not in the open market.

Instead, they did what is called a OTC (sale of free sale) – That’s when tokens sell directly to investors or institutions. In general, there is a period of “blocking”, which means that these buyers cannot sell the tokens immediately.

If those buyers had thrown their tokens, that could have blocked the price. But Mullin insists on the Tokens are still blockedSo that could not have been the cause.

Ah, and Mullin also said that they I used about $ 10 million of that OTC money to buy tokens om of the market.

Cofezilla was then like … “Umm, then were you pumping the price?” But Mullin denied it.

Anyway, the problem now the thing is Those free sale tokens will eventually unlock. And when they do, we could see more sales pressure.

Mullin was asked then – As, what happens if those investors decide to throw everything?

His answer: “We will continue to build the ecosystem and support as much as we can so that people have a reason to bet, hold it and continue seeing it as an asset.”

In general, there are still a lot of open questions, including the largest: what caused the accident first?

But at least now, we have some more pieces on the table.

🍋

🚚 Sam Bankman -FRIED obtained a new prison address: now is in Island terminal in Los Angeles. Curious fact: This is the same place where Capone and Charles Manson have time.

😬 Coinbase says that it had nothing to do with the “base is for all memecoros” that exploded up to $ 17 million and then crashed 90% in 20 minutes. They clarified that the base only published in Zora, a platform that converts publications into tokens, but the currency was not official, and they did not create it or sold it.

💰 DWF Labs invested $ 25 million in World Liberty Financial (WLFI), a project backed by Donald Trump and their children. Dubai -based market manufacturer says he plans to join the WLFI government.

⏸ An American judge arrested a claim of 18 state general prosecutors and the Education Fund against the SEC. This is because the case could become useless when the SEC obtains a new leadership, since the original meat referred to them overboard with demands against cryptographic companies.

🚀 Bitwise dropped four new Cryptography ETP on the London Stock Exchange, covering Bitcoin and Ethereum. One even allows you to gain rewards by betting on ETH.

🍌 Juicious memes