Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Ulbricht Wallets Lose $12M: Crypto wallets tied to Ross Ulbricht lost $12 million after a mispricing error on Raydium. A trading bot exploited the mistake twice, causing ROSS to crash 90%.

2. 📈Technical Analysis Masterclass - Worldcoin (WLD) is showing signs of a potential trend reversal. Watch UseTheBitcoin’s latest Youtube video “Worldcoin Could Be Gearing Up for a Big Move! (WLD)” to see if technical pattern suggests selling momentum is weakening, possibly leading to a bullish shift or join our Official Telegram Channel for more alpha!

3. Tether Expands to Bitcoin Lightning: Tether is integrating USDT into Bitcoin’s Lightning Network via the Taproot Assets protocol.

4. 💡Feature of the Day - Pump.fun Faces Securities Lawsuit: A class-action lawsuit claims all tokens on Solana-based Pump.fun are unregistered securities.

   
   All this and more in today’s headlines!

📰 News Highlights:

Ulbricht Wallets Lose $12M [Source][Source]

Crypto wallets linked to Ross Ulbricht lost $12 million after mispricing a memecoin called ROSS on the decentralized exchange Raydium.

A trading bot immediately capitalized on the error, first taking $1.5 million and then another $10.5 million when the same mistake was repeated.

As a result, ROSS crashed 90%. Despite losing 40% of the token supply, the affected wallets still hold 10% worth about $200,000.

The wallets, listed for donations on FreeRoss.org, received half of the ROSS supply from its developer.

 📈Technical Analysis Masterclass:

Worldcoin Could Be Gearing Up for a Big Move! (WLD)

Key Technical Insights

• Bullish Divergence: While WLD's price is making lower lows, the Relative Strength Index (RSI) is making higher lows, signaling that bearish pressure may be fading.

• Reversal Timing: Price reversals don’t happen instantly—WLD may remain low for days or weeks before a strong move.

• Confirmation Needed: Traders should wait for WLD to form higher highs and higher lows to confirm a trend reversal before entering a trade.

Indicators to Watch

• Moving Averages: No bullish confirmation yet, suggesting the downtrend is still in play.

• MACD: Remains in negative momentum, reinforcing bearish market sentiment.

• RSI: Still below 50, meaning sellers remain in control. A break above 50 would strengthen a bullish case.

Tether Joins Bitcoin Lightning [Source][Source][Source][Source]

Tether is integrating its USDT stablecoin into the Bitcoin Lightning Network through the Taproot Assets protocol.

The move, announced at the Plan B conference in El Salvador, aims to expand Bitcoin’s functionality by enabling fast, stablecoin payments on the network.

Merchants already accepting Bitcoin on Lightning will now be able to process USDT transactions using the same infrastructure.

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💡 Feature of the Day: 

Pump.fun Faces Lawsuit [Source][Source][Source][Source]

Solana-based memecoin platform Pump.fun faces a class-action lawsuit alleging that all tokens created on the platform are unregistered securities.

The lawsuit claims Pump.fun, operated by the UK-based Baton Corporation, made nearly $500 million in fees while promoting pump-and-dump schemes through influencer marketing.

Filed in a New York federal court, the suit demands the rescission of all token purchases and financial damages for investors.

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And that’s it for this today.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com