In this issue:

• The Funniest Day On X Ever? (by Flower83)

• This Week in Neo Tokyo: $BYTES Will Eventually Become Sentient (by PhoenixxDown)

• Good Whale Hunting (by Flower83)

Last night, both the financial markets as well as the entire internet was blessed and allowed to witness a breakup of the decade. Seriously, I do recommend logging on to X today if you want a free Friday comedy session.

In a plot twist worthy of a reality TV showdown, President Donald Trump and Elon Musk, (once crypto’s dream team that will take us to the promised land - moon) imploded spectacularly over the last 48 hours, and so did the prices of our precious coins as BTC dropped from 105.8k to 100.2k in just 6 hours. Over $983 million in long positions were liquidated, with 227,300 traders caught in the crossfire.

It was no different in TradFi yesterday as the NASDAQ dropped 2% in just 4 hours when this beef was going on between the two:

So what exactly went down?

The series of events kicked off when Musk slammed Trump’s “One Big Beautiful Bill” as a “disgusting abomination” on X, claiming it undid $180 billion in cuts by the Department of Government Efficiency (DOGE), which Musk briefly led.

Trump fired back, calling Musk “crazy” and threatening to axe Tesla and SpaceX’s government contracts (worth billions). Musk, then retaliated, accused Trump of “ingratitude” and told everyone on twitter that the Epstein list has not been released because Trump is on it.

Tesla’s stock plummeted 17%, erasing $150 billion in value, while Trump Media dropped 8%. The spat fueled a risk-off vibe, with investors dumping volatile assets amid fears of regulatory fallout.

There was also a noticeable spike in impeachment probability on betting markets:

It’s been very funny and satisfying to observe - if you are not a bag holder of their stocks, that is.

Some gems from this fallout below:

If you sold your BYTES because Elon and Trump had a domestic, please use this weekend to quietly reflect on your actions. THINK.

If it was up to me, you would be fired into the ocean. Selling of BYTES, for any reason, will be met with swift repercussions if I ever find myself on The Council. Pray I never apply.

To everyone else, hold the line. BYTES will eventually become sentient.

Nothing in this newsletter is financial advice!

Active Citizens would have noticed a TOP SECRET partner airdrop wallet collection happen earlier this week. Many questions remain about who the airdrop is from, and Firestorm updated us to say that while no information will be given until the coins hit your wallet, consider it a summertime Christmas present from The Citadel.

The wallet collection happened right around the time of the Town Hall, which took place on Monday, and if you attended that, you couldn’t have missed the call to action. A Citizen should always be attending a Town Hall, but let this be another reason to, should you need one!

The Town Hall was a hugely anticipated one, especially with ByteStreet emerging from the shadows to make their first socials post, possibly indicating we're close to launch!

No date yet, but you can catch some of the details shared around that, plus the usual division updates, an update on ID minting, and live Q&A in the recording here.

Before we move on, go check that announcement from Firestorm if you’re a Citizen Founder, especially if you’re new here.

This Week’s Neo Tokyo Content

Interlinked #83

Hosts Cryptoetheus and Jarred return to talk bullish news for the markets, including the FTX payouts and Binance's recent legal victory against the SEC.

They also dive into the Clarity Act of 2025, which proposes shifting digital asset oversight from the SEC to the CFTC, and of course, they celebrate the Neo Tokyo x AVAX partnership!

Market Monday #125

SW4GN3R, Co-Founder & CEO of Star Atlas, joined as our guest this week. We got insights straight from the brain behind the #1 game on Solana!

Other topics covered were the short-lived Loudio craze, and James Wynn getting humbled live and in living color.

Always a great session when SW4GN3R is on. Listen back here.

NT x Unfungible Space #33

There’s always noise in crypto and gaming. It never stops. So what’s actually worth being bullish or bearish on right now? AI? Airdrops? NFTs?

Find out later today as the panel unpacks the most debated ideas in Web3!

Set reminders and/or listen back here.

WhiteBridge AMA

Co-founders Tomas and Paulius join the AMA team to discuss their platform, which leverages AI and decentralized data infrastructure to offer people-data intelligence, digital reputation management, and verification services.

Catch the replay here.

Short Scoops

$BYTES Bullposting

Until next next week, citizens.

The past few weeks of crypto have been eventful for sure, but if you are James Wynn (a man some call a professional trader, others a degenerate gambler) the volatility and thrill was turned up to the max.

Welcome to Hyperliquid high leverage perps, people.

So the TL;DR of it is that on May 30, Wynn suffered a spectacular $99 million loss on leveraged Bitcoin trades and got fully wiped out. He then took to Twitter to drop some completely unhinged gems, including the ridiculous claim that $100 million “isn’t a lot of money” and also that “money isn't real” because, you know, he’s got planes, islands, cars, and “much, much more.”

If you thought Ansem’s “...bro thinks 8 million is a lot of money” statement couldnt be topped, you were clearly wrong.

Let’s take a closer look at the ups and downs, and the Twitter crashout.

Wynn burst onto the crypto scene in 2022, reportedly backed by none other than Alameda Research, the infamous firm tied to the FTX collapse. Allegedly, he started out with just $7k and ran it up in a series of degenerate (but smart?) investments, starting with $PEPE all the way back in the early days after its launch.

He flipped the profits made from that venture into a cool $25 million through high-frequency trading. In March 2025, he deposited $4.65 million in USDC on Hyperliquid. Over the next two months, he managed to send it up to $46.5 million in profits across 38 trades, dabbling in Bitcoin and memecoins like $PEPE, $TRUMP, obviously also Fartcoin. This is the way.

But what goes up must come down, and this one is no different. Slowly then all at once, his $99m portfolio was wiped out in just one volatile day on 30th of May when his heavily leveraged positions got obliterated. I mean, if you are on a streak of wins in a casino and keep doubling down on your bets, you will eventually lose… like, lol?

The cope was insane. First, he posted a series of X rants that left the crypto community in stitches, including the aforementioned “$100 million isn’t a lot of money” flex. As well as a quite well detailed analysis and thoughts on the situation shortly after the blowup:

Then, he came back to beg quite fast (soliciting donations to “fight whales.”), sharing wallet addresses and spinning a narrative of victimhood.

Apparently, he is convinced that the market makers are out to get him specifically and that the entire BTC move was manipulated to take him out. Oh, and he launched a memecoin, which, predictably, went nowhere, and fast.

He also said he will “run it all back up,” and that remains to be seen, but for now it seems to be over for at least a while. This story, as chaotic as it is, shines a light on the absurdity (and opportunity) of crypto space.

We live in a world and operate in a space where a $7,000 bet can turn into $100 million, only to get annihilated with one bad move. The good people of CT (as well as Wynn himself) blessed us with more than a few funny memes and takes.

A lot of his posts were deleted, but the internet does not forgive and does not forget. Enjoy them below:

Oh, and, don't do drugs, kids:

All content from Neo Tokyo News is for entertainment purposes only, is not financial advice, and does not reflect the opinions of Neo Tokyo.

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