Crypto Gets Wild: BTC Dries Up, States Mint Coins, and PI Crashes

What we’ll cover today:

• 📉 Bitcoin is disappearing from exchanges… bullish signal or calm before the storm?

• 💵 Wyoming is launching the first U.S. state-backed stablecoin — yeehaw or yikes?

• 🥧 PI Coin crashed 60% post-launch. Holders? Not loving the pie anymore.

Bitcoin Supply on Exchanges Hits an 8-Year Low – Bull Run Ahead? 🐂📉

 Bitcoin (BTC) and crypto exchanges are in the spotlight as BTC supply on exchanges hits its lowest level since 2017.

🚨 Breaking News:
Only 11.6% of all BTC is sitting on exchanges – lowest since December 2017 – raising hopes for a new all-time high.

⚡ Wire Simplified –

• People are holding onto their Bitcoin like it’s grandma’s secret cookie recipe.
  

• Just 2.27 million BTC left on exchanges – the rest is in cold storage or hiding in wallets.
  

• Low exchange supply = less selling pressure = price may go up.
  

• Last time this happened (2017), BTC went on a wild ride to $20K.
  

• Institutions and whales are stacking again. Smells like a bull run?
  

✔️ Straight to the Point –
Less BTC on exchanges means fewer sellers and more holders. Could this be the spark for Bitcoin’s next moon mission?

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Wyoming’s Stablecoin Is Coming – Meet the ‘WYO’ Dollar 🦬💵

The state of Wyoming and tech firm LayerZero are teaming up to launch the first U.S. state-backed stablecoin, by July 2025.

🚨 Breaking News:
Wyoming is launching its own stablecoin on LayerZero – a first in the U.S. – designed to mirror the U.S. dollar.

⚡ Wire Simplified –

• It’s called the “WYO” – pegged 1:1 to the U.S. dollar.
  

• Will be backed by real U.S. Treasury bills and cash in Wyoming banks.
  

• Built on LayerZero, a cross-chain interoperability protocol.
  

• Aims to help with faster payments and digital government services.
  

• Other states watching – if Wyoming pulls it off, copycats incoming.
  

✔️ Straight to the Point –
Wyoming wants to be the crypto cowboy of America. If this works, states could go full blockchain one stablecoin at a time.

PI Coin Crashes Hard – From Dream to Dump? 📉🥧

Polymarket, a prediction market on Ethereum, just got blindsided by a governance whale using UMA tokens to hijack decisions.

🚨Breaking News: A whale holding a huge chunk of UMA tokens took over a key vote and flipped governance in their favor.

⚡Wire Simplified –

• Polymarket uses UMA for governance of dispute resolution.

• A single whale controlled the vote outcome.

• The issue: a dispute around a Trump-related market result.

• UMA devs and the community are now debating reforms.

• This exposes flaws in token-weighted voting systems.

✔️Straight to the Point –
One big wallet can flip decisions. Decentralized? Maybe not. This attack reveals how fragile on-chain governance can be.