Evening Edition
Thu, May 28, 2026, 8:58 PM
CT is split between despair and defiance: James Wynn’s public breakdown after an $87 M rug, ETH mocked for underperforming a dating app, and AI valuations dwarfing Walmart spark existential jokes, while Pentosh1 and others quietly stack HYPE and equities.
The Story So Far
The “crypto is dead” chorus that began with Tuesday’s HYPE-flips-Coinbase meme and Wednesday’s USDT depeg has now escalated into personal tragedy: James Wynn, yesterday’s $3.2 SOL rugger, tonight confesses to losing $87 M and being doxxed. Meanwhile the same CT crowd that declared alt-season over is rotating—Pentosh1 notes HYPE is up 50 % since the FUD and keeps moving stops to breakeven on long equities, showing the pivot from crypto-only to hybrid stock bags is already underway.
From Your Network
HYPE up 50 % since FUD peak
Flows and conversations confirm the contrarian bid that started with ETF accumulation earlier in the week.
50% since the fud btw and looks like the thesis is at least being confirmed both from flows and conversations like this for $hype https://t.co/IuroApnPXQ
Pentosh1: eliminate big losses, survive
Risk-management thread offers playbook for CT navigating the current drawdown and rotation.
will keep saying this over and over and over There are 4 outcomes Big win Small Win Small Loss Big Loss Your job is just to eliminate #4. You will have good trades, and bad trades. but as long as you eliminate the big losses, the other 3 outcomes will lead to consistent growth over time. Our decisions compound with time. We will have both ups and downs. That's unavoidable bc we all make mistakes. But the goal is just to have higher lows and higher highs consistently. You might have a 20% win here, and a 5% loss there. Then you move onto the next one. It always comes down to probabilities and just putting ourselves in a position to win.
Trending
James Wynn melts down after $87 M loss
Confession of mental collapse and doxxing adds human cost to the ongoing CT rug-pull saga.
Lost my brain in this process. Made everything, lost everything, been given death threats, location and face doxxed. Started from nothing. In recent months my mum decided to take her life. When I lost the $87m it killed me inside. I was the hero on the way up. And people laughed on my way down. Never knew human could switch like this. I don’t really have anything else to say. Other than sorry. I started out a little meme account working for communities. I’ve lost my mind in this game. And you all love to remind me. The world is evil. I’ve tried to stay strong for a long time
Off-chain bot nets $6.54 M in 24 h
Shadowy arb bot highlights how much alpha now lives off-chain, away from DeFi protocols.
Who the f**k is Off chain Generated $6.54 million in the last 24 hours. https://t.co/Ldi05obSPc
Crypto’s only use case is trading stocks
Sarcastic take captures CT’s identity crisis as equities outperform every crypto narrative.
i know everyone is bearish crypto but have you considered its only use case created in 17+ years is the ability to trade stocks
NovaRed bags mining legend Ed Kostenski
Copper-gold micro-cap adds former White House-recognized financier, riding AI-driven copper demand.
THE PRESIDENT NAMED HIM.. THE NUMBERS BACK IT UP.. NOW HE JOINS NovaRed Mining, he is a Legend ! Top facts to put on screen 1. President George W. Bush recognized Ed Kostenski at the White House on July 2, 2004, in the East Room. Bush called him out by name, said Ed started Nationwide Equipment “at my kitchen table,” and used him as a real American small-business success story. Bush also said Ed was adding 14 employees, planned to hire 6 more, and was investing $300,000 into expansion. 2. Founded Nationwide Equipment in 1983. EXIM described Nationwide as a Jacksonville-based company specializing in earthmoving, road-building, and mining equipment exports. 3. Global reach: 40+ countries by 2002, over 60 countries in later company materials. EXIM said Nationwide was selling to over 40 countries in 2002; the Nationwide catalog says the company serviced customers in over 60 countries. 4. Over $1 billion raised globally. Forbes reported that Kostenski’s group raised over $1 billion in private funding for construction projects and equipment. 5. Served on the U.S. Export-Import Bank advisory committee. In 2005, EXIM named Edward Kostenski, president, CEO, and founder of Nationwide Equipment, to its 10-member Sub-Saharan Africa Advisory Committee. EXIM also stated that the committee advised on strengthening U.S. exports to Africa. 6. EXIM scale: EXIM said it helped finance $17.8 billion of U.S. exports in fiscal year 2004. This is EXIM’s institutional scale, not Ed’s personal financing number — but it shows the level of export-finance world he was connected to. 7. Nigeria monorail project: $98,938,000. Nationwide Finance says it raised over $98 million in initial debt funding for Phase 1 of the Rivers State Monorail Project in Nigeria. 8. Monorail project scale: Phase 1 covered 14 kilometers, was programmed to transport over 10 million people annually, and had mapped total project costs in excess of $700 million. 9. EXIM-backed Nigeria heavy-equipment transaction: In 2002, EXIM supported Nationwide’s export of used trucks, cranes, and heavy construction equipment to Nigeria with a $1.2 million medium-term guarantee policy. 10. Presidential “E” Star Award — 2010. The U.S. Department of Commerce named Nationwide Equipment Company of Jacksonville, Florida, as a recipient of the 2010 President’s “E Star” Award. Commerce describes the Presidential “E” Awards as the highest U.S. government honor for increasing exports. 11. Presidential “E” Award recognition. Nationwide’s catalog lists the 2001 President’s “E” Award for Excellence in Exports; an EXIM release separately says Nationwide was awarded the U.S. President’s “E” Award for Exports in 1998. To stay clean, say: “Presidential ‘E’ Award export recognition.” 12. 2011 U.S. Department of Commerce Export Achievement Award. Listed in Nationwide’s awards page. 13. Two-time Florida Governor’s Award for Excellence in Exports — 2004 and 2010. Listed in Nationwide’s awards page. 14. 2004 International Trader of the Year Award. Listed in Nationwide’s awards page. 15. Now joining NovaRed Mining. NovaRed announced Kostenski’s appointment to its Advisory Board, stating that he brings experience across mining equipment, infrastructure, energy, logistics, and project finance. NovaRed’s Wilmac copper-gold project covers 16,078 hectares in British Columbia, about 10 km west of Hudbay’s Copper Mountain Mine. This is Ed Kostenski. President George W. Bush called him out at the White House — a man who started Nationwide Equipment at his kitchen table and built it into a global industrial company. Founded in 1983. Operating across 60+ countries. Mining. Construction. Marine. Oil and gas. Dredging. Heavy equipment. Infrastructure. This man did not just sell machines. He helped move nations forward. His group raised over $1 billion globally for construction projects, equipment, and industrial development. He served on the advisory committee of the U.S. Export-Import Bank — America’s official export-credit agency, connected to billions in U.S. global trade support. He helped finance major international infrastructure — including $98,938,000 raised for Phase 1 of the Rivers State Monorail Project in Nigeria. That project covered 14 kilometers, was designed to move over 10 million people annually, and had mapped total project costs of more than $700 million. Then come the awards. Presidential “E” Award export recognition. 2010 Presidential “E Star” Award. 2011 U.S. Department of Commerce Export Achievement Award. Florida Governor’s Export Awards in 2004 and 2010. 2004 International Trader of the Year. White House recognition. EXIM Bank advisory service. Over $1 billion raised. Projects in mining, energy, rail, marine, and global infrastructure. And now… Ed Kostenski is joining NRED. At the exact moment copper is becoming one of the most important resources on Earth. Copper powers AI. Copper powers data centers. Copper powers robotics. Copper powers EVs. Copper powers defense systems. Copper powers the energy grid. NRED is not just adding an advisor. NRED is adding a man who understands how massive industrial projects are financed, equipped, shipped, built, and executed. This is not just a man. THIS MAN IS A LEGEND. DYOR ! Add to your watch list !
Anthropic now valued above Walmart
$965 B vs $725 B revenue comparison fuels bubble talk that spills into crypto risk appetite.
ANTHROPIC VALUATION: $965B WALMART VALUATION: $940B ANTHROPIC REVENUE: $20B WALMART REVENUE: $725B BUT AI IS NOT A BUBBLE, RIGHT? https://t.co/60XpBi4tE2
Gay dating app outruns ETH this cycle
Meme stat underscores how far ETH has lagged even fringe tech plays, reinforcing bearish sentiment.
A gay dating app outperformed Ethereum this cycle https://t.co/tXwJbWetDg