THORChain’s treasury added ZEC to their trading pools about 45 minutes ago. Zcash is inevitably going to be on every exchange in the world
What happens when the world has rapid accessibility to privacy?
We usually look for cycle indicators. One of the main "bottom" indicators to me has always been the capitulation of large orgs that come into the Bitcoin space and don't know what they're doing.
Usually, the company just blows up. Strategy is a bit different. They're publicly capitulating their BTC position to leverage. They need to sell BTC to maintain fiat reserves for investors to feel confident enough to hold their leverage products.
It's not much different than if you took a ton of collateralized loans against your BTC, the price went down and your lenders said "keep a lot of cash in your bank account or we'll call in your loans".
Mark Cuban claims "Computer chips are the new crypto" but what's really happening is a convergence of everything
AI, Crypto, Computer Chips, Energy
Everything is converging faster than people can reasonably understand. The chips are fueling AI which is fueling a global redesign of every industry
As agents reshape industries, we'll need fast moving currency as the settlement layer.
Currency has always been the center of everything throughout human history. It's no different in the computer chips/ai/energy story. Humans and agents will need a fast, private, reliable settlement layer
That's where crypto comes in.
So the question isn't "what's the next ___" ... the question is how do these things converge and which assets will most likely be valuable in this new economy
Centralized exchanges keep shutting down and it's increasingly obvious that the future is in decentralized exchanges. Many of us have been shouting this from the rooftop for ages. The only way for truly borderless crypto to take over is to have truly borderless crypto trading/swapping/payment rails. Open source swapping tech like OpenSwap on github are going to radically improve this
The lead domino: getting adoption of them over CEXes
Why do people in crypto keep choosing CEXes over DEXes?
I’m sorry but a lot of people are calling for $40k BTC and prolonged bear markets / even the end of retail ownership in crypto as people like Saylor get more and more of the supply.
I see something seriously wrong with this point of view.
Crypto has always been by the people, for the people. It has far from changed.
This bear market will turn more retail investors into millionaires than ever before.
I’ve been in crypto for over 12 years now. I’ve seen all kinds of cycles.
This one is no different: accumulate these bear market lows and you’ll come out way ahead.
I’ve been buying BTC and hope we see prices low for a while. The longer they are, the bigger the gains on the other side
Andrew Tate deposited $100K to his Hyperliquid account yesterday, and longed $3.8M of BTC. He got liquidated. Then he tried shorting $1M BTC. He got liquidated again. Andrew Tate has been liquidated 8 times in the last 24 hours
The market is always right
Michael Saylor sold 32 BTC last week. Now he bought $101M Bitcoin back this week at a cheaper price.
The market is tanking.
The FED is meeting next week.
Global tensions are rising.
Is Saylor Bitcoin’s savior or its worst enemy?
I called his exact move last week: I said he would sell a tiny amount of BTC, let the market tank and then buy back 10x+ more than he sold. His exposure to Bitcoin continues to rise as his balance sheet of debt obligations scales proportionally.
A bug was discovered that had been dormant for years and could in theory allow someone to mint ZEC in the shielded pool
It was found by a white hat and immediately patched with no evidence the exploit was ever materialized
My take: unlikely someone exploited it as they would’ve rugged $1b of dollars of liquidity already
Saylor sold 32 BTC this week after years of saying they’d never sell. I still think his BTC trade will go down in history as the most profitable trade ever but the ride from here to there is going to be extremely bumpy.
I think the dividend yields on his preferred stocks like STRC at a serious risk here. He’s got 6 months or so of runway but if BTC doesn’t start out performing, he may get shaken out.
This may cause a lot of people to try and pressure him out of his stack. He has single-handedly forced all of retail Bitcoin hodlers on a path of constant institutional warfare against him. I wrote about his strategy here and what I think he is actually up to.
Vivek Ramaswamy's Strive continues to "strive" to be like Michael Saylor's "Strategy". They bought another 1,109 BTC for $85 Million today.
Are all of these companies actually good for the industry or just potential FTX's waiting to implode?
10,000 Bitcoin (worth $750M+) for 2 Papa John's Pizzas changed the world of finance and billions of lives forever
16 years ago, Laszlo Hanyecz posted on the Bitcoin forums asking if someone would like to trade 10,000 BTC in exchange for pizza
Not too long after, someone ordered 2 pizzas for him after receiving his Bitcoin and they used their credit card to purchase the pizza and have it delivered to Laszlo
In interviews since, Laszlo has said how proud he was of that moment. No ragrets. He knew he was creating the first real market for Bitcoin by actually purchasing a real-life good for BTC
Spending power is the critical aspect of money. Laszlo knew this and changed all of our lives
Happy Bitcoin Pizza day!
Hear me out..
SpaceX disclosed $1.7B in Bitcoin holdings as the IPO draws near
With the pivot to “AI + Space”, onchain gold and private money will be a leading narrative
What happens if Elon adds ZEC to power interplanetary AI compute and value transfer?
Mark Cuban just called crypto “disappointing” and says he’s sold all of his Bitcoin
"Bitcoin has lost the plot. I always thought it was a better version of gold than gold. Well, gold just blew up, Bitcoin dropped. Not the hedge I expected it to be."
Does he need a lesson from Warren Buffett about conviction and time in the market?
Fantasy Top is the latest among crypto companies dying in this bear cycle. It’s been a super tough cycle and as a founder myself, I understand how hard things can get. My advice: always build a bigger runway than you think. The hard times last way longer than you’ll expect
Trump just issued an executive order that aims to "foster financial innovation" by allowing the integration of digital assets into traditional finance services and payment systems.
One of the largest issues with crypto is the ability to onramp/offramp fiat. It is gated to a small number of players.
Combine this with the ability to use digital assets like BTC, ZEC, ETH, USDT, etc. as collateral in banks and we will see an explosion of trillions of dollars in market cap across the board.
GitHub has been hacked as they are investigating “unauthorized usage” which may have led to a leak of internal data. It is currently unclear if any customer data has been leaked.
CZ of Binance posted on X: “If you have API keys in your code, even private repos, now is the time to double check and change them…”
The king of safu strikes again!
This is actually great advice. It’s a good moment to rotate your keys, check to make sure “your doors are locked” and develop good hygiene. My team and I at LeoDex do this on a regular basis. Always smart to self-audit — if you don’t, someone will do it for you (and they may not be a friendly)
Stay safe friends!
GitHub has been hacked as they are investigating “unauthorized usage” which may have led to a leak of internal data. It is currently unclear if any customer data has been leaked.
CZ of Binance posted on X: “If you have API keys in your code, even private repos, now is the time to double check and change them…”
The king of safu strikes again!
This is actually great advice. It’s a good moment to rotate your keys, check to make sure “your doors are locked” and develop good hygiene. My team and I at LeoDex do this on a regular basis. Always smart to self-audit — if you don’t, someone will do it for you (and they may not be a friendly)
Stay safe friends!
