Happy Friday!

The Musk-Trump feud has, to nobody’s surprise, sparked a new memecoin that quickly went to $50 million. Still, experts warn to stay away from it.

The DOJ has seized $7.7 million in Bitcoin and other cryptocurrencies allegedly laundered by, wait for it, North Korean IT workers: what is up with that?

Plus, the market is bracing for the next Fed announcement — and Chris Capre is already positioning for the volatility ahead. In our free session, you’ll learn how he’s using options to trade into the Fed decision, the sentiment shifts he’s tracking and the key post-Fed setups he’s targeting. Whether it’s a breakout or a breakdown, you’ll leave with a tactical plan to trade it.

Claim your seat now.

TOP STORY

Trump-Musk Infighting Sparks $50 Million 'Kill Big Beautiful Bill' Meme Coin, But On-Chain Experts Warn To Steer Clear Of It

The feud between Elon Musk and Donald Trump has inspired a meme coin called “Kill Big Beautiful Bill” launched on Solana, which has quickly surged to an eight-figure valuation.

In the wake of Elon Musk’s public criticism of Donald Trump’s proposed “Big Beautiful Bill,” the crypto community quickly minted a new Solana token titled Kill Big Beautiful Bill (KBBB). The coin’s name riffs off Musk’s “Kill Bill” poster meme posted on X on June 5.

KBBB soared to a market cap of $53.1 million within nine hours, only to shed 30% of its value shortly after.

But why should you stay away?

Read the full scoop here.

SPECIAL OFFER

Trading The Fed With Precision: Chris Capre’s Strategy For Pre- And Post-Fed Moves

The market is bracing for the next Fed announcement—and Chris Capre is already positioning for the volatility ahead. In this free session, you’ll learn how he’s using options to trade into the Fed decision, the sentiment shifts he’s tracking and the key post-Fed setups he’s targeting. Whether it’s a breakout or a breakdown, you’ll leave with a tactical plan to trade it.

Claim your seat now.

QUICK N DIRTY

Bitcoin and other cryptocurrencies dropped yesterday after the Elon Musk-Donald Trump feud kicked off: here’s how much got liquidated.

Strategy and Coinbase have (obviously) benefited enormously from Bitcoin’s massive bull run: how much longer can their stocks surge?

Dogecoin was hit especially hard by the fallout between the president and Elon Musk, dropping as much as 9% before recovering: is it over for DOGE?

FINTECH FOCUS

DOJ Seeks To Seize $7.7 Million In Bitcoin, Ethereum, NFTs Allegedly Laundered By North Korean IT Workers

The U.S. Department of Justice (DoJ) has filed a civil forfeiture complaint to seize over $7.74 million in cryptocurrency and NFTs allegedly connected to North Korean money laundering operations.

The Justice Department is moving to seize a range of cryptocurrencies, including stablecoins, Bitcoin, NFTs and Ethereum Name Service domains—stored in self-custody wallets and Binance accounts.

These assets are tied to a civil forfeiture complaint filed on June 5 in federal court in Washington, DC.

Could this impact the price of Bitcoin?

Read the full scoop here.

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