Coinbase's servers "struck," DeLorean rose and then crashed, Reddit user is preparing to wait for Bitcoin to hit 100,000 before buying.

Written by: Nicky, Foresight News

Welcome back to "Spicy Review," bringing you a weekly look at the classic scripts of the crypto world featuring "servers overheating, token roller coasters, and keyboard bargain hunters."

This week, the exchange's data center is "striking" for the laid-off employees, the car token filmed a sequel to "Back to the Future" (horror version), and retail investors rehearsed for the N-th time for a hundred thousand Bitcoin. "Spicy Review" brings you the whole story!

Coinbase Layoffs Hit a Major Artery?

On May 8, Coinbase suffered a downtime of over 2 hours. The official explanation was that: AWS (Amazon Web Services) experienced high temperatures in one of its data centers in the Eastern United States, leading to service interruptions. The status page even redirected users directly to the AWS status page, almost saying, "Don't ask me, ask Amazon."

Coincidentally, just days earlier, on May 5, Coinbase CEO Brian Armstrong had announced in an internal memo that approximately 14% of employees would be laid off in response to market fluctuations and AI technological reforms.

Netizens commented: "Well, now it’s come to this, layoffs have reached a major artery, even the data center has started protesting."

So a regional outage can affect the entire operation of Coinbase? 🫢

Overseas netizens reacted: The laid-off employees have started to fight back!

Coinbase's customer service might be one of the busiest positions right now 🤯.

As an American exchange, can Coinbase really be affected by regions in the Middle East?

The key 🔑 is in Amazon's hands.

Is this the reason why AI works so fast?🤣

It appears that AI employees are unable to handle their work.

Is the "source" of saving costs and reducing expenditures a gorilla 🦍? Is the "effect" of enabling efficiency a joke? 😂

Chinese exchanges are operating steadily!

Indeed, layoffs have reached a major artery.

DeLorean from "Back to the Future" to "Back to the Origin"

Do you remember that time-traveling DeLorean car from the "Back to the Future" movie? Recently, the Web3 department of DeLorean Motors, DeLorean Labs, made a big move.

They bridged the native DMC token (the official token of DeLorean) from Sui to Solana using the Wormhole cross-chain protocol and Sunrise gateway, with official support from the Solana Foundation. The goal is to allow Solana users to purchase, hold, stake DMC, participate in brand governance, and even receive future tokenized car airdrops.

On the evening of May 4, Solana's official account tweeted, quoting a classic line from the movie: "Where we're going, we don't need roads."

Then, the token experienced a time-travel-like market performance: it surged over 300% in 15 minutes, followed by a crash of over 70%.

The community instantly shifted from "flying to the future" to "back to the original": "DeLorean indeed can travel through time — from the peak to the trough."

Those who bought at the top probably wish they didn't want the DeLorean car, but a time machine to go back 15 minutes and cancel their buy orders.

Woke up and rushed to buy, only to get rugged afterward. 😭

Will there be any penalties?

This might be the "mouse warehouse" part of the cycle. 🐭

A major game of trapping existing funds?

Overseas netizens commented: Please have the intern immediately delete CA. We love Toly (Solana co-founder), but this is unacceptable!

So was it hacked?

Log in every day, different situations 🥺.

Can I apply for a refund? 🥹?

Classic Reddit Question: Are You Ready for a Hundred Thousand Dollar Bitcoin?

Someone posted on Reddit with a hopeful title:

"Is it happening, boys? Are we ready to buy when it hits 100k?!"

Translation: "Brothers, is it coming soon? Are we ready to buy when Bitcoin hits 100,000?!"

The comments section was heartwarming: "I’m ready to buy, but I’m not ready with the money."

Netizens stated that last year Bitcoin reached 120,000 dollars, it was really boring. Wake me up when it hits 250,000!

The reply in the comments section said: It seems everyone has overlooked one point — the previous peak often becomes the next season's trough. Before it was close to 60,000 dollars… then it fell, and climbed to 120,000 dollars… never fell below 60,000 dollars again...

So the expectation is to break through 120,000 dollars next, and never drop below this level afterward.

Is this what’s about to happen?🤔

Overseas netizens commented: Price drop 📉, buying interest disappears.

Price surge 📈, suddenly everyone wants to buy.

This may be irrational behavior, but it is human nature.

Overseas netizens commented: I will only buy at 100,000, never at a low point, that’s my creed! (Expensive things might be better? 🤣)

Netizens remarked that the network crashes for 5 minutes, and then you are scared and pee your pants!

This seems like a prophecy, today Coinbase not only crashed but crashed for over two hours!

Overseas netizens mentioned: Sigh, this is really painful. I had to sell all my Bitcoin because there was an opportunity I didn’t want to miss that could help me and my family in a more certain timeframe. I really hope the cost basis I sacrificed doesn’t lose more. If it could slowly drop to that position, giving me a chance to get back in, that would be... really great.

Overseas netizens said, why wait to buy? If you feel it’s worth buying, buy now; if you think it’s not worth it, you should sell what you have.

From a macro perspective, we are in a major crisis, everything is risk-averse, and although Bitcoin's price is rising, it shows no strong performance, indicating a huge bull market trap, and the price will drop even lower soon.

From Coinbase's crash to DeLorean's "time-space crash," and Reddit's eternal "Are we ready for 100 thousand." This week, the servers vented for the layoffs, the car token rewrote the script for the movie, and retail investors rehearsed the lines for the upcoming bull market in advance.

The world is a huge makeshift stage, but "Spicy Review" is here to help you cut out the hottest data centers, the steepest K-lines, and the longest waits!

Wishing you all a happy weekend: pay attention to server heat dissipation, don’t chase high with car tokens, and when BTC hits 100,000, remember to call me! 🥰

See you next week!

(The content of this issue is sourced from public information and online discussions, interpreted casually and for reference only.)

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