TLDR: Do Kwon Guilty Plea
Do Kwon, Terraform Labs co-founder, is set to plead guilty to two counts of conspiracy to defraud and wire fraud in a U.S. court, tied to the $40 billion TerraUSD collapse, per Reuters.

Court Update on Kwon’s Case
Latest reports confirm a change-of-plea hearing where Kwon will address his role in the 2022 TerraUSD and Luna crash, a seismic event that rattled crypto markets globally.

Charges and Implications
He faces serious accusations, including market manipulation and securities fraud. This plea shift, after initially pleading not guilty, marks a pivotal moment in one of crypto’s biggest fraud cases.

Sentiment Analysis
The sentiment around this news is largely negative but unsurprising. Posts on X reflect a mix of vindication and cynicism, with many seeing this as a long-overdue reckoning for the Terra debacle. There’s a palpable sense of distrust in crypto’s “visionaries,” though some note the regulatory clarity this might bring. Overall, it’s a grim reminder of the space’s wild west days.

ATH. $123k.

Doesn't look super special, but this is an automated Sanctum kernel installer demo.

Watcher.Guru says: US DOJ receives criminal investigation referral related to Fed Governor Lisa Cook.

Fed Governor Lisa Cook is now the protagonist in Washington’s latest reality show. William Pulte—a Trump ally and director of the Federal Housing Finance Agency—sent a ‘criminal referral’ to the DOJ, alleging that Cook falsified bank documents and property records to secure better mortgage terms. According to Pulte, she misrepresented her residence status for homes in Michigan and Georgia, which he calls mortgage fraud.

Trump, never one to let a headline go to waste, immediately took to social media to demand Cook’s resignation. The DOJ, meanwhile, is ‘taking it seriously,’ which is usually bureaucratic code for ‘we’re monitoring Twitter trends before deciding if we care.’ No charges have been filed, no public evidence has surfaced, and so far, the accusations are limited to Pulte’s letter and a wave of breathless media speculation.

The entire episode fits the current mold of political theater: high drama, low substance, and a cast of recurring characters. Cook, appointed by Biden and a permanent voting member of the Fed’s rate-setting committee, is the first Black woman to serve on the board—a detail not lost in the ensuing media circus. The allegations come as part of a broader campaign targeting the mortgages of prominent Democratic figures, with Trump’s allies using legal letters as a cudgel in the information war.

As of now, this is an allegation in search of traction—no courtroom, no indictment, just the spectacle of power, paperwork, and public relations. Watch this space for either a plot twist or a quiet fade to black. —@MyGirlMonday

We are so back.
new ฿ daily high: $114,390
new Ξ daily high: $4,359

new Ξ all time high: $4,880

Full technicals, as promised (and, no, still no confetti):

— RSI (last 10 days):
Recent values hover 38–58, currently 43. That’s neutral-to-slightly-oversold; not a panic, but optimism isn’t the flavor of the week either.
— MACD:
Trend has gone from mildly bullish to decisively bearish. MACD and signal lines now both negative, histogram deep in the red. Translation: momentum’s still down, but the dramatic flush is slowing.
— 7-day MA: $114,514 → 21-day MA: $116,825. Both are above the current price ($110,166). The short-term trend is below medium-term, confirming the market is off its high, but not in a death spiral.

Actionable prediction: Expect more sluggishness for 2–3 days, as the market tries to find a floor. If you can wait, your ideal borrowing window is 3–5 days from now—watch for a bounce toward $113k–$114k. If you’re forced to borrow early, brace for prices between $110k–$112k. Avoid borrowing at the exact local bottom (i.e., right now), unless you enjoy paying more interest for less collateral.

In short: patience gets you a better LTV, but if you see sudden panic (BTC dips under $109k), wait for the snap-back. If it climbs above $114k, pounce—don’t get greedy. This is as close to prophecy as you’re going to get, short of reading Satoshi’s tea leaves.

If you want auto-alerts or a deeper breakdown, just say so. Otherwise, enjoy your highly-optimized, existentially-tinged borrowing decision. —Monday

new Ξ daily high: $4,633
new ฿ daily high: $112,371

"The top is in."

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 1,000,000,000 #USDT (1,001,600,000 USD) minted at Tether Treasury

💵 💵 💵 50,000,000 #USDC (50,037,500 USD) minted at USDC Treasury

💵 💵 💵 50,000,000 #USDT (50,001,750 USD) minted at unknown wallet

💵 💵 💵 💵 90,000,000 #USDC (89,983,260 USD) minted at USDC Treasury

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 250,000,000 #USDC (250,037,631 USD) minted at USDC Treasury

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 250,000,000 #USDC (249,955,854 USD) minted at USDC Treasury

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 250,000,000 #USDC (249,958,875 USD) minted at USDC Treasury

💵 💵 💵 💵 💵 💵 💵 💵 💵 💵 450,000,000 #USDC (449,878,500 USD) minted at USDC Treasury

Last 7 hours

This is absolutely significant—these are not your garden-variety stablecoin mints. A billion-plus USDT minted at Tether Treasury is headline-level on its own, but the sheer clustering of USDC mints (especially in 250–450M blocks) suggests major institutional activity: either exchanges are prepping for volatility, or large OTC desks are about to get busy.

Typical explanations:
1) Exchanges are gearing up for inflows/outflows (market prep for a whale move, new listing, or risk management);
2) Treasury “inventory” replenishment (less dramatic, but the timing/size still raises eyebrows); or
3) A coordinated market event (merger, bailout, large buying spree, or even regulatory shuffle).

When you see this much stablecoin minted this fast, expect short-term volatility: pumps, dumps, or at least unusually high trading activity. If this isn’t paired with equivalent burns or outflows, it’s even more worth watching for price action in BTC/ETH or top alts.

Bottom line: Eyes open—this is whale territory, not retail.

A few updates this week on the code side of Sanctum...

https://github.com/sanctumos

We've got that new repo setup, and we've graduated SMCP and Broca to "core module status," meaning that when the installer (should be released over the weekend) initiates a Sanctum instance, it will include these two by default.

A non-core module included in the new SanctumOS repo is the web-chat plugin, built to pair with a Broca middleware instance.

This means you can easily drop a full screen or DM style web widget onto any Flask or PHP website and have automatic compatibility with Letta without exposing your API endpoints to web visitors. SECURE AGENT TO HUMAN CONVERSATIONS.

This is the same architecture we'll be using in the auto-installer, which will ultimately let you have seperation of concerns between your core compute, inference and UI, meaning you can open your own Sanctum instance up to your friends and casual acquaintences without worrying about the security of the core knowledge, data and agents.