Orbit: Crypto Community Feed
Sam Bankman-Fried has formally applied for a presidential pardon while serving a 25-year fraud sentence, even after Trump said he has no plans to pardon him.
This update brings the FTX wound back into the market conversation.
For crypto, the bigger point is not the pardon itself.
It is trust.
FTX damaged the industry because it mixed exchange power, user deposits, leverage, and weak internal control in one place.
Every time SBF returns to headlines, it reminds the market why proof of reserves, custody transparency, and exchange risk still matter.
The industry moved on in price terms, but reputational damage takes longer to repair.
Crypto does not only need new narratives.
It needs systems where users do not have to trust one person behind the curtain.
$ALLO $LAYER $MOVE
#HayesShillAndDump #KOSPICircuitBreaker #TrumpIsraelRestraint
Man, I totally misread this one. I thought Trump wouldn’t throw punches at Iran ahead of the midterms, but he did, and now both the US stock market and Bitcoin are taking a hit.
If he hadn't attacked Iran, Bitcoin should’ve been cruising up to around 627, but after this mess, it stalled at 622 and started dipping. Plus, tonight’s CPI is likely to surprise us; with oil prices still high, even meeting expectations will push overall inflation up, which is bearish in the long run.
But that $MORPHO I mentioned on the livestream yesterday is holding strong. It’s got that vibe of becoming the next DeFi leader, so I think it’s worth keeping an eye on. If it grows fast with some capital backing, I might ditch Aave for Morpho.
$HYPE has already dropped to my predicted 55 range, and I’ve closed my position as per my trading plan. I reflected on this hype cycle from entry to exit, and everything was executed based on my analysis. Profits were expected, but the rapid drop following the US action was a surprise.
I’m a bit worried that tonight's CPI data might be cooked up in the US, and Trump might jump in to pump the market. The resistance zone is around 627-630.
Recently, the dollar index is down, US stocks are down, Bitcoin is down, and everything is tanking, so we need to stay alert for a potential crash. The 612 spaceX launch needs close monitoring for capital movement; likely, there’ll be a pump followed by a dump, especially with such a high market cap.
Looking at my holdings—Edu, APT, and Auction—they're all stuck. I’m not making any top-up moves for now; I’ll wait until it hits rock bottom before averaging down since I made a trading plan during my initial entry, so my unrealized losses aren’t too wild. Just following the plan.
I’m not feeling the hype around the World Cup boosting fan tokens; I’m not planning to build a position there, just watching for now.
$BTC
#SpaceXIPOvsOpticsCrash #HormuzStrikeRiskOff #MayCPIHikeWatch
Sam Bankman-Fried formally applied for a presidential pardon from Trump on June 8, 2026, via the US Office of the Pardon Attorney. The White House rejected it swiftly and publicly — grouping SBF with Maduro and Menendez to signal the rejection's permanence. SBF has maintained FTX was solvent and has been running a media lobbying campaign since at least February 2026, but no clemency pathway appears open.
BTC at $62.9K. The swift public rejection tells you something about how the Trump White House wants to brand its crypto stance: pro-industry (CLARITY Act, strategic Bitcoin reserves) but explicitly not pro-crime. A pardon would have been politically radioactive. The more interesting subplot: FTX creditors are getting repaid above-dollar from the estate — if victims are made whole, does the moral case for keeping SBF in prison change over the next few years?
Should FTX creditors being repaid at 100%+ affect how you think about SBF's sentence?
Just sharing my thoughts. Not financial advice. DYOR.#AISuperIPOSeason #ChipRallyOnCeasefire #ClarityActFinalStretch
🚨12 JUNE WILL BE THE WORST DAY FOR ALL MARKETS!
That’s not clickbait. Not fake.
You MUST read this before it's too late.
The SpaceX IPO will become the biggest cash-out event in financial history.
I'm not exaggerating. This is a serious problem for the markets.
SpaceX valuation: $2T, revenue: $18.7B.
Samsung valuation: $850B, revenue: $230B.
To justify that valuation, SpaceX would need roughly $1.1T in revenue by 2035.
That means nearly 50% annual growth for an entire decade.
No slowdown, no bad quarters, no missed expectations.
Now look at what's really happening.
Insiders reportedly own around 95% of the shares and control approximately $1.6T in paper wealth.
By November, up to 93% of eligible insider shares will be unlocked for sale.
This isn't just another IPO. It's one of the biggest liquidity events Wall Street has ever seen.
I've studied macro for 10 years and called almost every major market top, including the October BTC ATH.
Follow and turn notifications on.
I'll post the warning BEFORE it hits the headlines.
#SpaceXIPOvsOpticsCrash Elon Musk's SpaceX IPO receives $250 billion in demand — four times the $75 billion target!
Priced at $135 per share, valuing the company at nearly $2 trillion — the largest IPO in history.
Pricing June 11th, listing June 12th (ticker SPCX).
OpenAI & Anthropic also jumped in, creating a frenzied wave of AI IPOs.
“Vs OpticsCrash” = Many are debating: the hype is too strong, money is flowing from crypto to stocks, will this cause a psychological crash? 🚀💥
#HormuzStrikeRiskOff The Strait of Hormuz is heating up again after the attacks. 20% of the world's oil passes through it – one attack and oil prices skyrocket, the market immediately switches to risk-averse mode. Stocks and cryptocurrencies are trembling.
✍️ In short: Elon is about to make history, but the market is both excited and scared!
$SPCX $CL
Elon Musk's SpaceX IPO receives $250 billion in demand — four times the $BTC 75 billion target!
Priced at $135 per share, valuing the company at nearly $2 trillion — the largest IPO in history.
Pricing June 11th, listing June 12th (ticker SPCX).
OpenAI & Anthropic also jumped in, creating a frenzied wave of AI IPOs.
“Vs OpticsCrash” = Many are debating: the hype is too strong, money is flowing from crypto to stocks, will this cause a psychological crash? 🚀💥
The Strait of Hormuz is heating up again after the attacks. 20% of the world's oil passes through it – one attack and oil prices skyrocket, the market immediately switches to risk-averse mode. Stocks and cryptocurrencies are trembling.
✍️ In short: Elon is about to make history, but the market is both excited and scared!
$BTC SPCX $BTC CL
#SpaceXIPOvsOpticsCrash
#HormuzStrikeRiskOff
