On-chain is never boring: stablecoins nosedive, DAOs flirt with death, and a 16-year-old crypto prodigy finds heartbreak harder than making millions.
Justin Sun sparks a panic and posts a $50M bounty — at the same time. Trump’s still chasing clout, Lens Chain finally goes live, and TreasureDAO nearly flatlined.
From real-world assets to romance scams, Web3 once again speedran another season of The Human Comedy—all at 8x playback.
TRON founder Justin Sun claimed on X that FDUSD’s issuer was insolvent — sparking a frenzy that saw the stablecoin crash to $0.87 in under an hour, with $745M in trading volume.
Binance stepped in to reassure users that “1:1 redemption is possible,” but the damage was done.
Meanwhile, market maker Wintermute seized the moment, snapping up 30M FDUSD at $0.90 and walking away with over $3M in profit.
Justin later dangled a $50M bounty for information on the missing trust fund—but the website web3bounty.io is still nowhere to be found.
🔗 https://www.chaincatcher.com/article/2175341
🔗 https://cryptoslate.com/justin-sun-targets-first-digital-trust-with-50-million-bounty-over-alleged-embezzlement/
Real World Assets just got a dose of real-world pain. OM plummeted 85.56% in a single candle, dragging the entire RWA sector down 44.93% in just 24 hours.
When tokenized bonds crash harder than memecoins, you know the market's officially confused.