ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala

Airdrop

An Airdrop is a distribution of free tokens to a community, typically used as a marketing tool or a reward for early protocol adopters and testers. In 2026, the "points-to-airdrop" model has matured into merit-based incentive programs that utilize Sybil-resistance and Proof-of-Humanity to filter out bots. Airdrops remain a primary method for decentralized governance (DAO) bootstrapping. Follow this tag for the latest on retroactive rewards, eligibility criteria, and how to participate in the most anticipated token distributions in the ecosystem.

5488 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Charles Hoskinson onthult volledige Midnight-roadmap tijdens eerste Midnight Summit in Londen

Charles Hoskinson onthult volledige Midnight-roadmap tijdens eerste Midnight Summit in Londen

Bitcoinmagazine.nl was uitgenodigd om de eerste Midnight Summit live te volgen in Londen. Het evenement werd gehouden op het terrein waar Greenwich Mean Time ontstond. In die setting presenteerde Charles Hoskinson, CEO van Input Output en oprichter van Cardano, de volledige visie achter Midnight. Zijn boodschap was helder: privacy moet een grondlaag worden in blockchain, geen optionele functie. Hoskinson nam het publiek mee door zes jaar ontwikkeling. Hij zei dat de oorsprong van Midnight teruggaat naar een cryptografieconferentie. “We waren bij Eurocrypt. We waren eerlijk gezegd flink aangeschoten. We zeiden tegen elkaar: niemand in deze sector heeft privacy goed opgelost. Wij kunnen dat,” zei hij. “We dachten dat het één jaar zou duren. Misschien twee. Drie jaar hooguit. Zes jaar later staan we hier.” Check onze Discord Connect met "like-minded" crypto enthousiastelingen Leer gratis de basis van Bitcoin & trading - stap voor stap, zonder voorkennis. Krijg duidelijke uitleg & charts van ervaren analisten. Sluit je aan bij een community die samen groeit. Nu naar Discord Waarom Midnight volgens Hoskinson nodig is Hoskinson begon met een reconstructie van vijftien jaar blockchain. “Bitcoin gaf ons peer-to-peer geld. Ethereum gaf ons programmabiliteit. De volgende generatie richtte zich op snelheid. Maar al die ketens hebben een gemeenschappelijk punt: alles staat open.” Hij zei dat dit een fundamenteel probleem is. “Geen enkel groot bedrijf kan alles openbaar zetten. Geen enkel vermogensbeheerbedrijf beheert assets volledig op een publieke chain. Dat gaat simpelweg niet.” Volgens Hoskinson komt dit omdat zekerheid en transparantie in blockchain altijd werden gekoppeld aan volledige openheid. “Blockchain bouwde een waarheidslaag door alles zichtbaar te maken. Maar die aanpak blokkeert gebruik in de echte wereld. Iedereen kan alles van je zien. Dat is niet houdbaar.” Hij vatte de kern samen: “Privacy is de ontbrekende schakel. Midnight vult die schakel in.” Midnight als netwerk dat niet vanaf nul begint Hoskinson benadrukte dat Midnight geen losstaand project is. “We hebben geleend van iedereen. Halo2 van Zcash. Substrate van Polkadot. Jolteon van Concordium. Elementen uit Move van Aptos. En natuurlijk werk uit Cardano zelf. Midnight is een mix van alles wat al is gebouwd.” Volgens hem versnelt dat het ontwikkelproces en voorkomt het versnippering. “Waarom alles zelf bouwen als de sector al oplossingen heeft? Kies wat werkt, combineer het en ga verder.” Hij legde uit dat Midnight draait op een dubbele staat, publiek en privé. De gebruiker bepaalt wat openbaar blijft en wat afgeschermd wordt. “Mensen delen in het dagelijks leven ook niet alles. Je vertelt wel je naam, maar niet je banksaldo. Dat is rationele privacy. Midnight brengt dat naar blockchain.” Het economische model: stroom en aansluitingen Een groot deel van de keynote ging over NIGHT en DUST. Hoskinson maakte meteen duidelijk dat dit model breekt met het standaardpatroon van cryptoprojecten. “De meeste ketens koppelen het speculatieve token aan transactiekosten. Dat werkt niet. Je hebt volatiliteit in je kosten. Je hebt frictie. Midnight scheidt deze twee zaken.” NIGHT is het eigendoms- en governance-token. DUST is het middel waarmee transactiekosten worden betaald. DUST ontstaat automatisch door het bezitten van NIGHT en verdwijnt na verloop van tijd. Hoskinson gebruikte een simpele vergelijking: “NIGHT is je aansluiting op het elektriciteitsnet. DUST is de stroom die eruit komt. Je kunt de stroom leasen. Je hoeft niets te bezitten om het netwerk te gebruiken.” Hij noemde dit essentieel voor bedrijven. “Een bank gaat geen token kopen voor gasfees. Een bedrijf wil voorspelbaarheid. Met DUST krijg je dat. Je kunt betalen met capaciteit zonder de volatiliteit.” De road to mainnet: vier fases die binnen één jaar worden uitgerold Hoskinson presenteerde de roadmap met vaste tijdslijnen tot en met het derde kwartaal van 2026. “Dit duurt geen tien jaar, zoals bij Cardano. Dit is binnen negen tot tien maanden volledig operationeel.” De eerste fase, Hilo, is nu bezig. NIGHT draait als Cardano-asset. “Cardano draait al acht jaar zonder downtime. Het is de veiligste plek om NIGHT te lanceren,” zei hij. De Glacier-airdrop en scavenger mine zijn deel van deze fase. Hoskinson zei dat de hoeveelheid rekenkracht in de scavenger mine “gelijkstond aan tweeënhalf jaar Bitcoin-mining in de eerste periode van Bitcoin”. De tweede fase, Kūkulu, komt in het eerste kwartaal van 2026. “Dat is het federated mainnet. Dan kunnen ontwikkelaars live.” De derde fase, Mahalo, volgt in het tweede kwartaal. “Dan gaan de stakepool-operators blokken produceren. Dan komt er een parallel netwerk voor snelle algoritmen zoals Jolteon.” De laatste fase, Ua, start in het derde kwartaal van 2026. “Dat is volledige decentralisatie. Dan komen de trustless bridges. Dan wordt Midnight de privacylaag voor Bitcoin, Ethereum, Solana, Cardano en veel meer.” Hij vat het einddoel samen: “Je betaalt in Ether, je draait je privacy-component op Midnight, en het voelt alsof je op Ethereum blijft. Zo hoort het te werken.” Hoskinson claimde dat de adoptie ongekend is. “Dit is de grootste tokenverdeling ooit. Miljoenen mensen doen mee. Honderd partners bouwen mee. Grote bedrijven stappen in.” Google Cloud werd genoemd als een van de partijen die mee wil draaien in de rekenlaag voor proofs. Hoskinson zei dat de scavenger mine een belangrijk signaal is. “De sector wil privacy. De cijfers laten dat zien. De energie die in de scavenger mine is gestopt, laat zien hoe sterk de interesse is.” Charles Hoskinson (@IOHK_Charles) stepped on stage to address the question everyone was waiting for: “Wen Midnight?” He shared a clear look at the upcoming roadmap and how Midnight’s long-term vision is actively taking shape. pic.twitter.com/foOeQGYnFG — Midnight (@MidnightNtwrk) November 17, 2025 Voorbeelden die Midnight mogelijk maakt Hoskinson gaf twee concrete voorbeelden van toepassingen die volgens hem pas mogelijk worden door Midnight. Het eerste voorbeeld is governance. “DAOs werken niet. Alles is openbaar. Salarissen, stemmen, interne discussies. Geen enkel bedrijf gaat dat zo doen.” Midnight moet dat veranderen. “Je hebt een publieke laag voor controleerbaarheid en een private laag voor alles wat intern blijft.” Het tweede voorbeeld is AI. “We stappen een tijdperk in waarin AI alles leest. Je wilt dat je data niet door een model wordt gekopieerd. Je wilt dat een model werkt zonder dat iemand je gegevens ziet.” Midnight moet dat faciliteren door computationele bewijzen. Hoskinson zei hierover: “Je moet kunnen bewijzen dat iets klopt zonder je gegevens te laten zien. Dat is de kern.” In het laatste deel van de keynote ging Hoskinson in op de digitale wereld als geheel. “We leven in een zieke informatiemaatschappij. Instellingen verliezen gezag. Centrale platforms bepalen wie toegang krijgt. AI stuurt wat je leest. Je weet niet meer wie je kunt vertrouwen.” Hij koppelde dit aan de rol van blockchain. “Blockchain probeerde een fundament van vertrouwen te bouwen. Maar zonder identiteit en privacy werkt het niet. Die twee dingen horen bij elkaar.” Volgens Hoskinson wordt Midnight dat fundament. “Satoshi gaf ons goed geld. Ethereum gaf ons programmabiliteit. Cardano gaf ons governance en schaalbaarheid. Midnight geeft ons identiteit en privacy terug.” Charles Hoskinson – Midnight De keynote van Charles Hoskinson liet een helder beeld zien van waar Midnight heen wil. Het netwerk wil geen concurrent worden van andere ketens. Het wil een laag worden die privacy levert aan het hele ecosysteem. De roadmap is concreet, de tijdslijnen zijn scherp en de boodschap is duidelijk: privacy moet terug naar de gebruiker. Bitcoinmagazine.nl was live aanwezig in Londen en volgt de ontwikkelingen verder. In de komende maanden blijven we verslag doen van de bouw en de lancering van Midnight, de partners die aansluiten en de rol die het netwerk gaat spelen in het bredere blockchainveld. Charles Hoskinson: Amerikaanse regels sturen de wereldwijde cryptomarkt Het bericht Charles Hoskinson onthult volledige Midnight-roadmap tijdens eerste Midnight Summit in Londen is geschreven door Immanuel Rodulfo en verscheen als eerst op Bitcoinmagazine.nl.

Author: Coinstats

2025/11/19

Best Crypto Presales To Keep Your Money Safe As Bitcoin Wobbles

Best Crypto Presales To Keep Your Money Safe As Bitcoin Wobbles

What to Know: Bitcoin futures moving into backwardation signal derivatives stress and extreme fear, conditions that often cluster around important, but messy, market bottoms. $BTC fails to recover momentum and remains stuck in the $90K–$91K zone after a massive two-week long dip. Bitcoin Hyper ($HYPER), Best Wallet Token ($BEST), and LiquidChain ($LIQUID) target structural themes – scaling, wallets, and cross-chain liquidity – rather than short-lived memes. Both Bitcoin Hyper ($HYPER) and Best Wallet Token ($BEST) are among the best presales of 2025, after raising over $28M and 17.1M respectively so far. Bitcoin is still in choppy waters, after failing to gain momentum above the $90K–$91K threshold. All while futures move into backwardation, which signals derivatives stress and extreme fear. For anyone trying to protect capital, Bitcoin is not it today. $BTC has been free-falling for over two weeks now, forcing investors to sell in bulk and look for other profit avenues. One middle ground is to rotate a slice of risk into high-conviction, infrastructure-style presales with built-in yield, while keeping core exposure in $BTC and liquid majors. That’s where three of today’s best crypto presales come into play. Bitcoin Hyper ($HYPER), Best Wallet Token ($BEST), and LiquidChain ($LIQUID) all tap into narratives that actually matter in a stressed market: Bitcoin scaling, secure custody and presale access, and cross-chain liquidity. 1. Bitcoin Hyper ($HYPER) – A Bitcoin Layer-2 with Solana-Level Speed Bitcoin Hyper ($HYPER) is built around a simple idea: keep Bitcoin’s security, ditch its clunky UX. It will use a dedicated Layer-2 that bridges $BTC from Layer-1, executes high-throughput transactions via Solana Virtual Machine integration, and then settles its state back to the base chain using batched proofs. In plain English, it will let you move and deploy Bitcoin at near-Solana speeds while still anchoring to Bitcoin’s security budget and keeping transaction costs low. If Bitcoin is grinding out a bottom, the next structural leg higher usually comes from new ways to use $BTC, not just to park it. By enabling payments, DeFi, and even meme coins directly on a Bitcoin-secured Layer-2, $HYPER positions itself as a bet on ‘Bitcoin as an ecosystem,’ not just ‘Bitcoin as digital gold.’ The presale has already raised $28M+ at a current price of $0.013295, with staking yields hovering at 41% APY for early buyers. ➡️ Check out our guide on how to buy $HYPER today. Based on the presale’s performance, investor hype, and Hyper’s utility proposition, our price prediction for $HYPER considers a potential $0.08625 by end-2026, depending on market conditions and implementation. From today’s presale level, that’s roughly a 550% upside if the roadmap lands and liquidity arrives. No guarantees, obviously, but it frames the risk/reward: you’re paying presale prices for a Bitcoin Layer-2 that’s already cleared serious funding and audits. For anyone who believes the next Bitcoin cycle is about scaling and real on-chain utility, $HYPER is the presale to put on the radar. 🚀 Buy your $HYPER today before the next price increase. 2. Best Wallet Token ($BEST) – Safer On-Ramp to Presales and Web3 In a stressed market, capital doesn’t just need performance; it needs a safe home. Best Wallet is going after exactly that gap thanks to its non-custodial services and top security; an ecosystem fueled entirely by Best Wallet Token’s ($BEST) massive presale. The $BEST presale has already raised more than $17.1M, with the token currently at $0.025965 and presale staking yields at 76% APY. Rewards are funded from a dedicated pool in the tokenomics, so they’re not just hand-waved marketing. ➡️ Take a look at our guide to buying $BEST. Looking ahead, a realistic price prediction for $BEST considers a potential 2026 high of $0.05106175. From today’s presale price, that’s close to 97% in 2026 in the optimistic case. Not life-changing on its own, but for a wallet token that’s targeting up to 40% market share and layering in real-world utility, it’s a reasonable asymmetric bet. The wallet itself is simple enough for casual users but deep enough for power users. It promises support for 50+ chains, uses advanced key-management tech under the hood, and bakes in features like cross-chain swaps and anti-fraud tooling. Where it really leans into this cycle’s meta, though, is the Upcoming Tokens portal: a curated presale and airdrop hub directly inside the app, with early access reserved for $BEST holders. When Bitcoin’s derivatives curve is screaming ‘fear’, new money wants safe UX and vetted presales, not Telegram DMs and random links. Holding $BEST unlocks reduced fees, higher staking tiers, governance rights, iGaming perks, and privileged access to those early-stage deals. 🚨 Here’s the thing, though. The $BEST presale is coming to an end, with just nine days left to go. If you want to invest in $BEST at its early-bird, pre-listing price, now’s the time. 🚀 Join the $BEST presale while you still can. 3. LiquidChain ($LIQUID) – Layer-3 Liquidity Engine For $BTC, $ETH and $SOL Where Bitcoin Hyper is focused on scaling $BTC itself, LiquidChain ($LIQUID) is trying to solve a different headache: fractured liquidity. The project pitches itself as a ‘global settlement layer for DeFi,’ effectively a Layer-3 that unifies assets from Bitcoin, Ethereum, and Solana into shared liquidity pools. A custom VM, inspired by high-throughput chains, executes multi-chain operations, while cross-chain proofs keep states in sync. If the derivatives market is flashing stress, that kind of plumbing matters. When the next risk-on window opens, capital tends to rotate fast across $BTC, $ETH, $SOL and their ecosystems. The presale is still early, raising only $42K so far at a current token price of $0.0122. So this is firmly in high-risk, early-stage territory compared to $HYPER and $BEST. To bootstrap adoption, LiquidChain is offering staking yields above a massive 17K% APY for initial participants, with the obvious caveat that such rates will trend sharply lower as TVL grows. Because of that early stage, LiquidChain is less of a capital preservation play and more of a leveraged bet on cross-chain DeFi snapping back once $BTC backwardation fades and risk appetite returns. 🚀 If that 17K% staking APY tickles your fancy, check out $LIQUID today. Recap: Bitcoin’s shift into backwardation hints that the market is close to a major decision point, but the path there looks volatile and stressful. Instead of over-trading the chop, some investors are parking a slice of risk into infrastructure-style presales like Bitcoin Hyper ($HYPER), Best Wallet Token ($BEST), and LiquidChain ($LIQUID). Disclaimer: This isn’t financial advice. Always do your own research before investing. Authored by Aaron Walker, NewsBTC – https://www.newsbtc.com/news/best-crypto-presales-to-buy-amid-bitcoin-backwardation

Author: NewsBTC

2025/11/19

Best Crypto Tax Software for CPAs and Tax Professionals 2025

Best Crypto Tax Software for CPAs and Tax Professionals 2025

A closer look at some of the best crypto tax software tools for CPAs and tax professionals. Improve your tax-filing processes today.

Author: CryptoPotato

2025/11/19

Aster Price Surges Past $1.35, Can Bulls Take it to $1.55 This Week?

Aster Price Surges Past $1.35, Can Bulls Take it to $1.55 This Week?

The post Aster Price Surges Past $1.35, Can Bulls Take it to $1.55 This Week? appeared on BitcoinEthereumNews.com. The post Aster Price Surges Past $1.35, Can Bulls Take it to $1.55 This Week? appeared first on Coinpedia Fintech News Crypto markets are stuck in uncertainty. Bitcoin’s crash below the $90,000 mark has left most traders worried. This is justified by the Fear & Greed Index sitting deep in “Extreme Fear.” Yet, Aster bucks the trend, posting robust gains and ranking as one of today’s top performers.  Why the buzz? A gush of bullish signals and speculative demand, triggered by Stage 4 airdrop and a $10 million trading competition, have pushed Aster price. The token has shown remarkable resilience, refusing to give up its gains. Intriguing enough? Join me as I decode the price targets for curious minds like you and me. Aster Coin Price Prediction: Will Bulls Nail $1.55? Aster price just flexed its technical muscle, breaking past two key zones. The 7-day SMA at $1.18 and the crucial Fibonacci retracement level of $1.26. This move turbocharged its bullish structure, with price now comfortably above its ascending support trendline. Which has been tested 3 times since the start of November.  What’s most exciting? The current price hovers around $1.35, which could trigger short squeezes if resistance fails to hold. Successively, the volume, market cap, and price gains all suggest robust interest. With over $1.11 billion changing hands in the last 24 hours and the market cap climbing above $3.2 billion.  Digging into technicals, the RSI sits around 63, meaning there’s still room before we hit the profit-taking territory. This is substantially higher than the average crypto RSI, which lags behind at just 42. Coming to targets, if we get a daily candle close above $1.40, I expect the bullish train to roll toward $1.55 fairly quickly. Potentially within two to three days, given the current volatility and volume.…

Author: BitcoinEthereumNews

2025/11/19

Hyperliquid Faces Potential 70% Price Drop Amid Bearish Technical Patterns

Hyperliquid Faces Potential 70% Price Drop Amid Bearish Technical Patterns

Hyperliquid (HYPE), a decentralized perpetual futures exchange token, faces significant downward pressure as technical analysts identify multiple bearish chart patterns suggesting a potential 70% price decline from current levels. The warning comes as cryptocurrency markets experience renewed volatility and investors reassess risk exposure across DeFi protocols.

Author: MEXC NEWS

2025/11/19

PA Daily News | Ark Invest increases holdings in crypto stocks such as Coinbase and Circle; Google launches next-generation AI model Gemini 3

PA Daily News | Ark Invest increases holdings in crypto stocks such as Coinbase and Circle; Google launches next-generation AI model Gemini 3

Today's top news highlights: Ark increases its holdings in Crypto stocks: Coinbase, Circle, and Bullish. Google launches Gemini 3, integrating multimodal AI and intelligent agent capabilities. Ondo Finance has received EU approval to offer on-chain US stocks and ETFs to retail investors in 30 countries. Cloudflare: Last night's massive outage was caused by an internal configuration error, not a network attack. Vitalik: Innovation should shift to Layer 2, and the transition to quantum-resistant encryption should be completed within 4 years. Bitcoin spot ETFs saw a total net outflow of $373 million yesterday, marking the fifth consecutive day of net outflows. Data: Huang Licheng was liquidated 71 times on Hyperliquid in November. Macro Google launches Gemini 3, integrating multimodal AI and intelligent agent capabilities. According to the official Gemini account @GeminiApp, Google has officially launched its next-generation AI model, Gemini 3. It features a million-token context window, multimodal understanding capabilities, and supports unified analysis of video, audio, images, and text. The new version introduces Gemini Agent, which allows users to complete multi-step tasks under guidance. It is currently available for testing among Ultra users in the United States. Gemini 3 is now available globally, and student users can try the Pro plan for free for one year. Block is calling for a $600 tax-free allowance for Bitcoin payments to encourage everyday use. According to PYMNTS, Block, founded by Jack Dorsey, has launched the "Bitcoin is Everyday Money" initiative, calling for US legislation to establish a tax-free threshold for Bitcoin payments under $600, simplifying the tax burden on everyday small transactions. Current tax law treats Bitcoin payments as asset sales, requiring capital gains tax reporting. Block has also launched a merchant product on its Square platform that supports zero-fee Bitcoin payments, aiming to build a seamless, low-cost payment system. Cloudflare: Last night's massive outage was caused by an internal configuration error, not a network attack. According to a report released on Cloudflare's official blog regarding the massive outage on November 18th, this most severe outage since 2019 stemmed from an incorrect configuration file generated after database permission adjustments, causing an anomaly in the core proxy system and impacting multiple products including CDN, security services, Workers KV, Turnstile, and Access. The team initially misjudged it as a DDoS attack and ultimately fixed the issue by rolling back old files. All services were restored by 01:06 AM Beijing time on November 19th. Cloudflare stated that such outages are unacceptable and will accelerate system resilience upgrades. Opinion Wintermute's letter to the SEC: Traders should be allowed to manage their own on-chain settlement processes; self-operated trading on DeFi should not require registration. In its latest comment letter to the SEC's Crypto Assets Task Force, Wintermute explicitly made two main claims: 1. Allowing self-managed on-chain settlement processes: Wintermute calls on the SEC to clarify that regulated traders should not be considered in violation of rules for bypassing traditional clearinghouses when conducting on-chain settlements for their own accounts. As long as the trading counterparty can independently manage its wallet and conduct on-chain delivery, and the trader fulfills its obligations in a timely manner, it should be exempt from the Customer Funds Protection Rule. This approach can significantly reduce intermediary layers and improve the efficiency of blockchain settlement. 2. Proprietary trading on DeFi does not require registration as a trader: Wintermute emphasizes that engaging in proprietary trading (including liquidity provision) solely on DeFi protocols, without interacting with clients, undertaking market-making obligations, providing advice, or custodian assets, should be considered a "trader" rather than a "trader," and therefore does not require registration. This position continues the legal tradition of "trader exemption" and echoes the judicial trend following the court's repeal of the "trader rule" in 2024. Wintermute emphasizes that under the current legal framework, innovation and regulation should coexist to avoid imposing undue regulatory burdens on the decentralized finance ecosystem. Vitalik: Innovation should shift to Layer 2, and the transition to quantum-resistant encryption should be completed within 4 years. At the Devconnect conference, Vitalik Buterin stated his hope that Ethereum will gradually "ossify" its underlying protocol, reducing core changes and prioritizing stability and security. He emphasized that innovation should shift to the peripheral ecosystem, such as Layer 2, wallets, and privacy tools, rather than frequently modifying the main chain. While acknowledging that this shift might weaken the spirit of early exploration, he believes it is healthier for the entire ecosystem. Furthermore, he warned that elliptic curve cryptography could be broken by quantum computing before 2028, and Ethereum must complete its transition to quantum-resistant cryptography within four years. Project Updates Hyperliquid launches "HIP-3 Growth Model," reducing fees by 90% to expand into new markets. According to CoinDesk, Hyperliquid, a decentralized exchange on the blockchain, has launched a new feature allowing anyone to deploy new markets permissionlessly and at extremely low fees, aiming to improve liquidity and incentivize new market makers. This upgrade, known as the "HIP-3 Growth Mode," reduces overall taker fees for newly launched markets by over 90%. Deployers do not require centralized verification and can activate markets permissionlessly on a per-asset basis. Essentially, this upgrade lowers the entry barrier and transaction costs, aiming to deepen Hyperliquid's liquidity, expand asset supply, and solidify its position as a competitor to centralized channels. To qualify, deployers must set their fee percentage (the portion of user transaction fees retained before any discounts) between 0 and 1. Furthermore, growth mode markets must avoid overlapping with existing validator-operated perpetual contracts to prevent "parasitic" trading volume and must be entirely different assets. Once a growth mode is activated for an asset, it is locked for 30 days before any changes can be made to ensure market stability. Hold at least 245 Binance Alpha Points to receive a GAIB airdrop of 175. According to the official announcement, Binance Alpha is the first platform to list GAIB (GAIB), and Alpha trading will begin on November 19, 2025 at 18:00 (UTC+8). After trading begins, users holding at least 245 Binance Alpha Points can claim an airdrop of 175 GAIB tokens. It's first-come, first-served. If the event continues, the point threshold will automatically decrease by 5 points every five minutes. Please note that claiming the airdrop will consume 15 Binance Alpha Points. Users must confirm their claim within 24 hours on the Alpha event page; otherwise, they will be considered to have forfeited their airdrop. Ondo Finance has received EU approval to offer on-chain US stocks and ETFs to retail investors in 30 countries. Ondo Finance announced that its subsidiary, Ondo Global Markets, has received approval from the Liechtenstein Financial Markets Authority (FMA) to offer tokenized US stocks and ETFs in the European Economic Area (EEA). This regulatory approval means that Ondo can compliantly offer on-chain stocks and ETFs to over 500 million retail investors in 30 markets, including all EU countries, Iceland, Liechtenstein, and Norway. Injective: A new $INJ community buyback will launch tomorrow. Injective has announced that it will launch a new $INJ community buyback tomorrow. Filecoin launches Onchain Cloud, ushering in a verifiable, decentralized cloud era. According to a Filecoin Foundation announcement, Filecoin Onchain Cloud (FOC) has officially launched, marking the Filecoin network's expansion into a full-chain composable cloud service. FOC combines verifiable storage, on-chain payments, and an open architecture, enabling developers to deploy AI, DeFi, and Web3 applications without centralized intermediaries. Initial partners include ENS, Monad, and Safe. The mainnet is scheduled to launch in January 2026. Drift updates token economics: Over half of DRIFT tokens are now in circulation, with a current circulating supply cap of 750 million. According to an official Drift announcement, since the TGE in May 2024, 55.6% of the total DRIFT supply (approximately 556 million tokens) has entered circulation, and the lock-up period for major investors has ended. The current circulating supply cap is 750 million tokens, and tokens will continue to be released according to the original 5-year release plan. Community and trading incentives account for 43%, the team and development fund account for 25%, and strategic investors hold 22%. Drift's total trading volume has exceeded $120 billion, and the launch of Drift v3 is underway. Revolut has integrated Polygon as a primary infrastructure for crypto payments. According to the official Polygon blog, fintech company Revolut has adopted Polygon as its preferred technology stack for stablecoin transfers, payments, and transactions. As of November 2025, over $690 million in transactions were processed within the Revolut app using Polygon. With over 65 million users in 38 countries, this integration allows opt-in users to seamlessly send and receive funds through the Polygon network without incurring high fees or being geographically restricted. The first phase of the collaboration between Revolut and Polygon Labs is underway. Important data Data: Huang Licheng was liquidated 71 times on Hyperliquid in November. According to Lookonchain statistics, since November 1st, the top three users with the most liquidations on the Hyperliquid platform are: Machi Big Brother (@machibigbrother), with 71 liquidations; James Wynn (@JamesWynnReal), with 26 liquidations; and Andrew Tate (@Cobratate), with 19 liquidations. Bitcoin spot ETFs saw a total net outflow of $373 million yesterday, marking the fifth consecutive day of net outflows. According to SoSoValue data, on November 18th (Eastern Time), Bitcoin spot ETFs saw a total net outflow of $373 million, marking the fifth consecutive day of net outflows. Grayscale BTC ETF saw the largest net inflow at $140 million, followed by Franklin EZBC with a net inflow of $10.7563 million; BlackRock IBIT saw the largest net outflow at $523 million. As of now, the total net asset value of Bitcoin spot ETFs is $122.294 billion, representing 6.61% of the total market capitalization of BTC, with a historical cumulative net inflow of $58.224 billion. Coinbase includes World Mobile Token (WMTX) in its listing roadmap Coinbase has announced that it has included World Mobile Token (WMTX) in its listing roadmap and disclosed its contract address on the Base network as 0x3e31966d4f81C72D2a55310A6365A56A4393E98D. Coinbase stated that the listing of the asset depends on market-making support and the availability of technical infrastructure; a separate announcement will be made once these conditions are met. Investment and Financing/Acquisition Tether announces strategic investment in Bitcoin lending marketplace Ledn According to an official announcement, Tether has announced a strategic investment in Ledn, a Bitcoin-secured lending marketplace, to expand its Bitcoin-secured lending business opportunities. Ledn's infrastructure encompasses custody, risk management, and clearing systems. Since its inception, Ledn has issued over $2.8 billion in Bitcoin-secured loans, including over $1 billion in 2025, marking its strongest annual performance to date. In the third quarter of 2025 alone, Ledn issued $392 million in loans, almost equaling its total for the entire year of 2024. The company now reports that its annual recurring revenue (ARR) has exceeded $100 million, highlighting the continued growth in market demand for secure Bitcoin-secured lending products. Crypto banking and fintech company Deblock has raised €30 million in Series A funding, led by Speedinvest. According to TFN, French crypto-banking fintech company Deblock has completed a €30 million Series A funding round to support its expansion in Europe, with Germany set to become its next core market. The round was led by Speedinvest, with participation from Commerz Ventures and Latitude, and existing investors 20VC, Headline, Chalfen Ventures, and Kraken Ventures also participating. Since its launch in France in April 2024, Deblock has acquired over 300,000 users. It launched Europe's first fully on-chain banking solution, including a regulated EMI euro account and a 100% self-custodied crypto wallet. Users can manage fiat currency and digital assets on a single platform, trade over 100 cryptocurrencies without restrictions, and use the funds for everyday payments such as rent, shopping, and cross-border transfers. Sources say xAI is in advanced talks with investors to raise $15 billion. According to the Wall Street Journal, sources say xAI is in advanced talks with investors to raise $15 billion, a round that would value the company at $230 billion. Sources familiar with the matter said that Musk's wealth manager, Jared Burchar, disclosed the terms of the new funding round to investors Tuesday night. CNBC earlier reported on xAI's funding plans, but Musk denied the reports, stating they were "untrue." Kraken receives $200 million investment from Citadel Securities, raising its valuation to $20 billion. According to Fortune, US cryptocurrency exchange Kraken has secured a $200 million strategic investment from Citadel Securities, raising its valuation to $20 billion. This funding round follows its $600 million funding round in September, which valued the company at $15 billion. Investors included Jane Street, DRW, and Oppenheimer. Kraken plans to use the funds for global expansion, payment product development, and preparations for an IPO next year. Citadel founder Ken Griffin has historically held a cautious stance on the cryptocurrency market, and this move is seen as a key signal of a shift in his attitude towards digital assets. Institutional holdings Ark increases its holdings in Crypto stocks: Coinbase, Circle, and Bullish. According to The Block, Ark Invest collectively purchased approximately $3 million worth of Coinbase and approximately $3.1 million worth of Circle shares on Tuesday through ARKK and ARKF; ARKF also purchased approximately $1.1 million worth of Bullish shares. At the close of trading that day, Coinbase fell 0.82% to $261.79, while Circle rose 0.013% to $76.6. A suspected BitMine wallet address received 21,045 ETH from the Kraken exchange, worth approximately $64.3 million. According to Onchain Lens, a newly created wallet received 21,045 ETH from the Kraken exchange, worth approximately $64.3 million. This wallet is suspected to belong to BitMine. New Hampshire approves its first $100 million municipal bond backed by Bitcoin collateral. According to Crypto in America, the New Hampshire Business Finance Authority (BFA) has approved the first Bitcoin-collateralized municipal bond in the United States, totaling $100 million. The bond is over-collateralized with BTC held by private custodian BitGo, with the BFA acting as a conduit and having no repayment obligation. The bond structure was designed in collaboration between Wave Digital Assets and Rosemawr. If the value of BTC falls below 130%, the bond will be automatically liquidated to protect the rights of holders. The proceeds will be invested in the "Bitcoin Economic Development Fund" to promote innovation within the state. New crypto incubator Obex has raised $37 million to support yield-generating stablecoins. According to CoinDesk, the team behind the new crypto incubator Obex announced in an interview that it has raised $37 million to support the development of a next-generation yield-generating stablecoin led by Framework Ventures, LayerZero, and the Sky ecosystem. The initiative aims to invest in and fund projects that bring real-world asset-backed strategies to on-chain, introducing institutional-grade risk control and underwriting practices to this rapidly evolving field. Obex will become Sky's latest fund allocator, providing financial support to projects to help them scale from the protocol's large reserves and generate yields through strategies. The initiative will focus on stablecoins backed by high-quality real-world assets, with a focus on three core areas: computational credit (such as tokenized GPU infrastructure), energy assets (such as municipal-grade solar and battery deployments), and lending to large fintech companies. The incubator will provide early-stage teams with funding, technical resources, and access to Sky's infrastructure for 12-week projects. Teams that pass risk and governance reviews may be eligible for additional funding from Sky. Sky recently authorized the deployment of up to $2.5 billion in USDS to the Obex project in a governance vote. Onfolio Holdings, a publicly traded company, raised $300 million to build a digital asset reserve. According to Globenewswire, Onfolio Holdings Inc. (Nasdaq: ONFO, ONFOW) announced that it has secured up to $300 million in financing through a convertible bond arrangement with a U.S. institutional investor. This agreement provides Onfolio with substantial long-term capital to build its digital asset treasury (including Bitcoin, Ethereum, and Solana), generate yield through staking, strengthen its balance sheet, and accelerate the growth of its operations. The initial transaction terms are as follows: $6 million in gross proceeds will be raised upon the first closing around November 18, 2025 (subject to customary conditions). An additional $2 million is expected to be raised upon the second closing approximately 30 days later. Potential future tranches of financing could reach up to $292 million, subject to certain conditions. Eightco Holdings disclosed holdings of over 272 million WLD and 11,068 ETH. According to PR Newswire, Eightco Holdings Inc. (NASDAQ: ORBS) disclosed that as of November 17, Eightco's total holdings included 272,253,898 WLD tokens, 11,068 ETH, and uncollateralized cash and stablecoins totaling $58.2 million. Eightco's WLD holdings represent more than 10% of the current total circulating supply. In addition to holding Worldcoin reserves, Eightco is also driving the development of a universal framework for digital identity and authentication through strategic investments and partnerships. Bitcoin mining company Bitfury launches $1 billion investment plan, focusing on companies in AI, quantum computing, and other fields. According to Fortune magazine, on Tuesday, Bitcoin mining company Bitfury announced a $1 billion investment plan to support mission-driven entrepreneurs. The company plans to invest $200 million next year, with the remainder to be invested gradually over the next few years. Bitfury stated that a specific list of investee companies has not yet been determined. However, the company plans to invest in ethical companies working in areas such as artificial intelligence, quantum computing, and transparent decentralized systems. In addition, the company also plans to invest in the field of sovereign identity. Bitfury derives most of its revenue from its mining business and owns two subsidiaries spun off from its parent company and listed on Nasdaq: Cipher Mining (CIFR), which operates in the United States and has a market capitalization of approximately $5.5 billion; and Hut8 (HUT), which originated in Canada and has a market capitalization of approximately $4 billion. Furthermore, Bitfury has founded and co-founded two companies providing AI infrastructure: LiquidStack and Axelera AI.

Author: PANews

2025/11/19

The truth behind Yala's decoupling: From illegal collateralization to liquidity extraction, a meticulously planned escape.

The truth behind Yala's decoupling: From illegal collateralization to liquidity extraction, a meticulously planned escape.

According to the announcement, the hackers stole 7.64 million USDC, the team injected 5.5 million USD of their own funds, and obtained additional liquidity through the Euler platform. Based on this calculation, the additional liquidity obtained through Euler amounted to approximately 2.14 million USD. Here's the first point of contention: YU is minted by staking YBTC. Obtaining $2.14 million through Euler means that the protocol staked more than $2.14 million of YU in Euler, which is backed by at least $3 million of BTC as collateral. If the $3 million worth of BTC belonged to the YALA team, why not simply exchange the BTC for USDT instead of paying a high interest rate to borrow from Euler? I can think of two possibilities: ① YALA's YU used as collateral for Euler does not have sufficient YBTC. ② The BTC corresponding to this portion of YBTC is not actually controlled by YALA (for example, through some kind of side agreement). The announcement also mentioned that some assets had been converted into Ethereum before trading resumed, but the subsequent price drop, coupled with the funds invested by the attackers, reduced the actual value of the restored assets. Herein lies the second point of contention: Based on an ETH price of 3000 USDT, the recoverable portion of the stolen funds is approximately $4.9 million. This means that recovered funds plus the project's own $5.5 million would exceed the $7.64 million shortfall. Given this situation, why couldn't the project team obtain the remaining $2.14 million in funding or a bridge loan through other means? After all, the project team has the ability to repay after the funds are recovered. I can think of three possibilities: ① The project team has no plans to resume operations, and any recovered funds will be used to repay their own capital first. ② The project's creditworthiness has been insufficient to secure additional funding, or other losses far exceed $2.14 million. Further investigation of YBTC data reveals that 99% of YBTC is controlled by three addresses, which also means that 99% of YU is controlled by these four addresses. Let's tentatively name them Address A through Address C. Next, we will analyze the behavior of each address one by one: Address A: Founded 39.35 million YU, repaid 17 million YU, net debt approximately 22 million YU, address balance 2.4 million YU. Address B: Minted 43.57 million YU, repaid 10 million YU, net debt 33.57 million YU, address balance 2.77 million YU. Most of the YU from Address B (approximately 30.15 million) flowed into contract 0x9593807414, which is Yala's Stability Pool. The current total deposits shown in the Stability Pool are 32.8 million YU. This means that Address B is also perfectly normal. Address C: A total of 32.5 million YU has been minted, 33.3 million YU has been repaid, and YBTC has been destroyed and BTC retrieved. All transactions are normal. Clearly, the problem lies with address A, so let's investigate further. Address A's transactions are highly complex, but overall, it net minted 28 million YU and obtained additional YU through other addresses. The vast majority of this YU has already flowed into various protocols. From Dabank, we can see other more interesting data: this address pledged a large amount of YU and PT, borrowing a total of $4.93 million in USDT and USDC from Euler. Clearly, these three loans were effectively defaulted on after YU fell to $0.15. This address used a small amount of U to purchase YALA 12 days ago, and also made a partial repayment to Euler. Given that the team mentioned "injecting $5.5 million" and obtaining additional liquidity through the Euler platform, this address is very likely the team's operating address, and we now know that the team obtained approximately $4.9 million in liquidity from Euler. This is a dividing line. The above is objective data and facts. What follows is my speculation and may not be accurate. (1) YALA obtained approximately 500 illegal YBTC through some means (meaning that YALA had no substantial control over the corresponding 500 BTC) and used these 500 YBTC to mint 28 million YU (which we will call illegal YU for now). These illicit funds may have been used for other purposes in the past, such as obtaining airdrops, providing DEX liquidity, or depositing into Pendle, but that's not important. I think the reason why 500 YBTC is illegal is simple: if you have $50 million of BTC at your disposal, you wouldn't take out a high-interest loan for a $7.64 million funding need. (2) After the hackers stole 7.64 million USDC, YALA used some of the illicit YU to obtain a loan of about 4.9 million USD from Euler, while also providing some of its own funds in an attempt to get the agreement back on track. One problem here is that the $5.5 million in equity funds claimed in the agreement plus the $4.9 million in illicit loans totals more than $7.64 million in funding shortfall. There are also many potential possibilities, such as the $5.5 million figure being exaggerated or a portion of the Euler loan being returned to the provider of the $5.5 million. (3) After the hacker was arrested, due to some factors, the recoverable funds were far less than US$7.64 million, such as the previously mentioned US$4.9 million (considering the disposal process, the actual recoverable funds were even lower). In this case, the YALA protocol would still bear a loss of more than US$2.7 million. In this situation, address A chose to default, shifting the losses to Euler, but at the cost of the YALA protocol going bankrupt and ceasing operations. (4) Who is the instigator? As mentioned before, more than 99% of YALA and YU are held by three addresses (plus one bfBTC depositor). Addresses B and C do not have any net inflow or outflow of YU and are not involved in the whole thing. BTC depositors will not suffer any losses; they simply need to repay YU and retrieve their BTC. The losers are holders of YU and its derivative assets, as well as Euler depositors. This money flowed to address A, ultimately benefiting the YALA team. They shifted the losses onto the users, and even profited if the team embezzled the $4.9 million from the judicial proceedings. Of course, all of this is based on the assumption that address A belongs to the YALA Team.

Author: PANews

2025/11/19

With ETF listings, the mainstreaming of stablecoins, and more favorable regulations, why haven't these major positive developments ignited the market?

With ETF listings, the mainstreaming of stablecoins, and more favorable regulations, why haven't these major positive developments ignited the market?

Original text: Santiago R. Santos, founder of Inversion Translator: Azuma; Editor: Hao Fangzhou Produced by: Odaily Planet Daily In this cycle, those who follow cryptocurrencies will often see news headlines like the following: A certain ETF has been launched; A well-known company is integrating stablecoins; Regulation is becoming more friendly; Undoubtedly, these are the kinds of developments we wanted to see, so why has the market fallen to such a terrible state? Why has the US stock market risen 15-20% this year, while Bitcoin has only experienced a rollercoaster ride of ups and downs? Why do you always end up getting deeper and deeper into losses with your favorite altcoins, even though the mainstream view no longer considers the cryptocurrency industry a scam? Let's talk about the reasons. Using ≠ Rising Crypto Twitter is based on the deeply ingrained assumption that "once institutions come along, regulations become clear, and giants are willing to issue tokens... all problems will be solved, and prices will soar to the moon." Okay, they did come, you've definitely seen it on the news, but you also see our current situation... In the investment field, there is only one truly crucial question: Has the market already priced in the positive news? This is always the hardest thing to judge, but market behavior is telling us a hard-to-accept fact: everything we wanted has come true, but prices haven't gone up. Is the market inefficient? Absolutely! Why is that? Because the pricing of most crypto assets is severely out of sync with reality. What does a $1.5 trillion market capitalization of counterfeit goods actually represent? Let's broaden our perspective. Bitcoin is a completely independent asset class—a perfect narrative, just like gold. Bitcoin has a market capitalization of approximately $1.9 trillion, while gold has a market capitalization of approximately $29 trillion, meaning the former accounts for less than 10% of the latter's market capitalization. This gives it a clear logic to its "hedging + options" value. Ethereum, Ripple, Solana, and all other altcoins combined have a market capitalization of approximately $1.5 trillion, but their narrative foundations are far more fragile. Few people now deny the potential of blockchain technology, and almost no one says the entire industry is a scam anymore; that phase has truly passed. But "potential" cannot answer the real question – can this industry with only about 40 million active users really be worth trillions of dollars? Meanwhile, rumors are circulating that OpenAI will IPO at a valuation of nearly $1 trillion, and its user base is said to be 20 times that of the entire cryptocurrency ecosystem. You can think about this comparison in detail. At times like these, we must ask ourselves a real question: What is the best way to gain exposure to cryptocurrencies right now? Historically, the answer has been infrastructure, such as early ETH, early SOL, or early DeFi tokens. This strategy worked at the time. What about today? Most of these assets are priced as if we've already determined there will be a 100x increase in usage and a 100x increase in revenue. The pricing is perfect, but there's no margin of safety. The market isn't stupid, it's just greedy. During this period, the headlines we were expecting have all become reality... but a few facts have become clear: The market doesn't care about your story; it cares about the gap between price and fundamentals. If this gap persists, the market will eventually lose faith in you, especially after you start actually generating revenue. Cryptocurrencies are no longer the hottest trading subject; AI is. Money always chases momentum; that's how modern markets work. Right now, AI is the main player, not cryptocurrency. Businesses follow business logic, not ideology. Stripe's launch of Tempo is a wake-up call. Businesses won't use public infrastructure just because they've heard Ethereum is the world computer on Bankless; they'll go where their needs are best met. So I'm not surprised at all that your tokens haven't gone up, even though Larry Fink (BlackRock CEO) has already entered the market. When asset pricing is perfect, a tiny gesture from Powell (Chairman of the Federal Reserve) or a strange look from Huang (CEO of Nvidia) is enough to destroy an entire investment argument. Quick calculations for ETH and SOL: Why is revenue not equal to profit? Let's do some rough calculations on the mainstream Layer 1. First, let's look at staking—note that this is not profit: Solana: The staked amount is approximately 419 million SOL, with an annualized return of approximately 6%, corresponding to an annual staking reward of approximately 25 million SOL. At an estimated value of $140 per SOL, this is worth approximately $3.5 billion. Ethereum: The staked amount is approximately 33.8 million ETH, with an annualized return of approximately 4%, corresponding to an annual staking reward of approximately 1.35 million ETH. At an estimated value of $3,100 per ETH, this is worth approximately $4.2 billion. Some might point to staking rewards and say, "Look, stakers get rewards! That's value capture!" That's completely wrong. Staking rewards are not value capture; they are inflation, dilution, and security costs, not profits. The real economic value comes from user payments, tips, and MEV (Mean Electricity), which is the part of a blockchain that is closest to "revenue". In this respect, Ethereum generated approximately $2.7 billion in transaction fees in 2024, leading all public chains; Solana, on the other hand, has recently taken the lead in network revenue, generating hundreds of millions of dollars in revenue each quarter. So, let's make a rough estimate of the current situation: Ethereum has a market capitalization of approximately $400 billion and generates about $1-2 billion in "revenue" annually through fees and MEVs. This is equivalent to a price-to-sales ratio (P/S) of 200-400 times, based on "casino-style revenue" during periods of market frenzy. With a market capitalization of approximately $750-800 billion, Solana has annual revenue exceeding $1 billion. Based on the breadth of your estimated annual revenue (please do not select peak months and extrapolate from them to the whole year), its price-to-sales ratio is approximately 20-60. These are not precise, nor is it necessary to be precise. We are not submitting documents to the SEC; we simply want to see if the same standards are being used when valuing such assets. This doesn't even touch on the real problem. The core issue is that this revenue is not sustainable, recurring—it's not stable, enterprise-level long-term revenue; it stems from highly cyclical, speculative, recurring, but unstable trading activity. Perpetual contracts; Meme token; Liquidation; MEV peak; Various forms of "on-chain casino-style" high-frequency speculation; In a bull market, network fees and MEV revenue both surge; but in a bear market, they vanish without a trace. This isn't "recurring revenue" for SaaS; it's more like a Las Vegas casino. You wouldn't give a company that only makes money when the casino is packed every 3-4 years a valuation multiple similar to Shopify's. Different businesses should have different valuation multiples. Returning to "fundamentals" In any logically self-consistent universe, it is difficult to explain how Ethereum's market capitalization of over $400 billion corresponds to a fee income of only $1-2 billion, which is highly cyclical. How can this be considered a "value" investment? That implies a price-to-sales ratio of 200 to 400, even with slowing growth and value being continuously siphoned off by Layer 2. ETH's role is like that of a strange federal government, only receiving "state-level taxes," while the individual states (Layer 2) keep most of the added value for themselves. We hyped ETH up to the "world computer," but its cash flow situation doesn't justify its price at all. Ethereum reminds me a lot of Cisco back in the day—early lead, misjudged valuation multiples, and an all-time high that may never be reached again. In comparison, Solana seems less insane—not cheap, but not outrageous either. With a market cap of $750-800 billion, it could generate billions in annual revenue—generously estimating a price-to-sales ratio of 20-40. This is still high, still has a bubble, but is "relatively cheap" than ETH. To understand these valuation multiples correctly, let's look at Nvidia, the world's most popular growth stock, whose price-to-earnings ratio is around 40-45 (note, not price-to-sales ratio), and it also possesses: Real income; True profit margin; Global business needs; Sustainable and contractually guaranteed income; And customers outside of crypto casinos (it's worth mentioning that cryptocurrency miners were Nvidia's first truly high-growth source). To reiterate, the revenue streams for these blockchains are cyclical "casino-style revenues," not stable, predictable cash flows. Strictly speaking, these blockchains should be traded at a discount, not at a premium to tech companies. If the industry's revenue cannot shift from speculative trading to real, recurring economic value, most valuations will be repriced. We're still in the early stages... but not the kind of early stages. One day, prices will return to fundamentals, but not yet. Currently, there is no fundamental reason to pay high valuation multiples for most tokens. Many networks, after deducting subsidies and airdrop incentives, don't capture any real value at all. Most of the "profits" are tied to speculative activities of casino-like products. We've built a track that allows for instant, low-cost global fund transfers 24/7... yet we believe its best use case is a slot machine. This is short-term greed and long-term laziness. To quote Netflix co-founder Marc Randolph: "Culture is not what you say, it's what you do." Don't talk to me about decentralization when your flagship product is a 10x leveraged perpetual contract on Fartcoin. We can do better. This is the only way for us to upgrade from an over-financialized niche casino to a truly long-term industry. End of the initial phase I don't think this is the end of the crypto industry, but I do think it's the end of the "early stage". We have over-invested in infrastructure—more than a hundred billion dollars poured into blockchain, cross-chain bridges, Layer 2, and all kinds of infrastructure—but have seriously under-invested in actual deployment, products, and users. We keep boasting: TPS; Block space; fancy Rollup architecture; But users don't care about these things; what they care about is: Is it cheaper? Is it faster? Is it more convenient? And whether their problems have truly been solved; It's time to return to cash flow, to the unit economics model, and to the most fundamental questions—who are our users? What are we trying to solve? Where is the real upside potential? I have been a long-term bull on cryptocurrencies for over a decade, and that has not changed. I still believe: Stablecoins will become the default payment mechanism; Open, neutral infrastructure will underpin global finance behind the scenes; The company will use this technology because it is economically sound, not because of ideology; However, I believe the biggest winners of the next decade will not be today's Layer 1 or Layer 2. Historically, the winners of each technology cycle have emerged at the user aggregation layer, not the infrastructure layer. The internet made computing/storage cheap, and wealth flowed to Amazon, Google, and Apple—those who leveraged inexpensive infrastructure to serve billions of users. Cryptocurrencies will be similar: Block space is a commodity; The marginal benefits of infrastructure upgrades are diminishing. Users always pay for convenience; Those who can aggregate users will capture most of the value; The biggest opportunity now lies in integrating this technology into established businesses. Dismantling the outdated financial systems from before the internet age and replacing them with encrypted systems is possible, provided these new systems truly reduce costs and increase efficiency—just as the internet, with its undeniable economic impact, has quietly upgraded everything from retail to industry. People embraced the internet and software because they were economically viable, and cryptocurrencies will be no exception. We can wait another decade for it to happen. Or we can start taking action now. Update your understanding So where are we now? The technology remains viable, the potential is still enormous, and real-world applications are still in their early stages. Now is a good time to re-evaluate everything. Revalue networks based on real-world usage and cost-effectiveness, rather than ideology; Not all income is created equal: it is important to distinguish between truly “sustainable” income and “cyclical” speculative income. The winners of the last decade will not dominate the next decade; Stop using token prices as a scoreboard for validating technology; We're still in such a early stage that we're like cavemen, judging a technology's effectiveness by its token price. Nobody will choose AWS or Azure just because Amazon or Microsoft's stock price went up one week. We can wait another ten years for companies to adopt this technology, or we can start now and bring real GDP onto the blockchain. The work is not yet finished; we must learn to think in reverse.

Author: PANews

2025/11/19

The Post-Hype Playbook: Unhashed CEO Mia P on Marketing Web3 Credibility

The Post-Hype Playbook: Unhashed CEO Mia P on Marketing Web3 Credibility

Mrig Pandey, CEO of Unhashed, talks about the changing landscape of web3 marketing. He says that the era of Web3 marketing is fast coming to an end. Instead, effective web3 communication is anchored on clarity and trust.

Author: Hackernoon

2025/11/19

Binance Unlocks $500M+ Tokenized Liquidity as BlackRock’s BUIDL Joins Its Collateral System

Binance Unlocks $500M+ Tokenized Liquidity as BlackRock’s BUIDL Joins Its Collateral System

Key Takeaways: Binance now accepts BlackRock’s tokenized BUIDL fund as off-exchange collateral, expanding institutional access to regulated, yield-bearing assets. BUIDL is launching a new share class on BNB Chain, strengthening The post Binance Unlocks $500M+ Tokenized Liquidity as BlackRock’s BUIDL Joins Its Collateral System appeared first on CryptoNinjas.

Author: Crypto Ninjas

2025/11/15

Recommended by active authors

BitcoinEthereumNews
BitcoinEthereumNews
1496Articles
PANews
PANews
1243Articles
Coinstats
Coinstats
406Articles
Coindoo
Coindoo
282Articles

Related Tags

#Token-Listing#On-chain#Whale#ETF#Liquidation#Index#Perpetual-Contracts#Options#Futures

Latest Articles

Kiyosaki Highlights Bitcoin Scarcity Amid Market Fear

Kiyosaki Highlights Bitcoin Scarcity Amid Market Fear

2026/02/10 06:34
Your Money, on Autopilot: Bluwhale AI Unveils Financial Agent Store

Your Money, on Autopilot: Bluwhale AI Unveils Financial Agent Store

2026/02/10 06:31
Kuvings Introduces AUTO Series at Ambiente 2026: New Developments in Hands-Free Juicing Technology

Kuvings Introduces AUTO Series at Ambiente 2026: New Developments in Hands-Free Juicing Technology

2026/02/10 06:31
World Liberty Financial is Trading 31.07% Above Our Price Prediction for Feb 14, 2026

World Liberty Financial is Trading 31.07% Above Our Price Prediction for Feb 14, 2026

2026/02/10 05:59
Toncoin extends reach as TON Pay enables Mini Apps checkout

Toncoin extends reach as TON Pay enables Mini Apps checkout

2026/02/10 05:43