What is bleedingly obvious to me now is this: stocks, shares, DEXs, CEXs, tokens, coins, L1s and L2s, commodities, NFTs, ordinals, total housing value measured by market cap, fiat currencies, bonds, don't forget these egregious DATs etc.—it’s all just equities repackaged to look like the next new thing.
I’m genuinely out of new ideas to invest in. Everything is up, and every man and his dog can vibe-code the next copy-paste version of any of the above. Nothing useful is being done efficiently enough. We have the tools, the tech and the people!
I really want crypto to succeed, legislation to pass and the coders to be put to work. I dream of the day we put everything on chain. Central bank to every nook and cranny in our economy. Qr codes everywhere across payments, multi currencies, cheaper, faster, easier.
Sentiment is nothing but down. In a spin-off of the words of the great Singaporean prime minister Lee Kuan Yew: had we taken all of this equity shit and stomped on it, we would be better off rather than destroying our capital “investing” in these equities right now.
BREAKING.: Biggest privacy token $ZEC crashed over -50% in the last 24 hours and wiped out $5 Billion from its market cap.
The flaw was hidden inside Zcash's Orchard privacy pool since May 2022 and remained undetected for nearly 4 years despite multiple security audits.
Security researcher Taylor Hornby reportedly used Claude Opus 4.8 AI model to build a working proof-of-concept that successfully generated counterfeit ZEC in local testing on May 29.
Although the bug has now been patched on June 2, The issue is that Zcash's privacy design makes it impossible to know if any fake ZEC was minted before the fix. Unlike Bitcoin, where anyone can verify the supply, Zcash's privacy design makes it impossible to audit whether fake coins were secretly minted before the fix.
The team denies any fake ZEC was minted, but traders are selling on the fear alone. Imagine someone secretly adding extra chips to a casino, but because of the way the system works, neither the casino nor the players could tell which chips were real and which were fake.
Shielded Labs is exploring a proposed Network Upgrade to allow anyone to verify the integrity of Zcash supply.
@LeonidasNFT hey mate, long time Supporter just wondering what happens to our data when zap shuts down gets sold or otherwise if anyone has a link to this info IF it’s been asked please respond
When Gensler left the SEC in January 2025, Bitcoin was at 109k. Today Bitcoin is at 75k.
One major reason the crypto markets have suffered is because market participants started to lose faith in the industry itself.
After Gensler left, it essentially just opened the floodgates to the grifting age of crypto, where influencers and politicians were launching memecoins and rug-pulling their followers each and every day, without fear of any repercussions. This led to a massive misallocation of capital into useless assets that drained liquidity from the industry.
While people celebrated Gensler leaving, it actually marked a turning point in the industry, with Bitcoin only marginally going higher before entering a bear market.
Now that people celebrate Powell's removal as chair of the Federal Reserve, it makes me think history will repeat itself once again.
People celebrate it in the short-term, but as we look back on this era in a few years, I imagine it will mark a major turning point in credibility at the Fed. If the Fed just becomes another cabinet of the executive branch, it may lead to a lack of trust in the institution itself.
Perhaps many will look back in a few years and realize that markets were better off with Powell than without him.
@coinbureau So much pain nothing but disappointment. Had we taken our money out of the bank and lit it on fire? We might have been better off saving our time.
Here's how much revenue your favorite chains generated in the last 24 hrs
Solana >$53,863
Sui > $1,016
Avalanche > $1,590
Polygon > $67,805
Bera > 32$
Arbitrum > $7,465
Plasma > 7$
Ethereum > 319,391
Hyperliquid > $565,981
Base > $35,443
BSC > $23,542
Monad > $3,010
{data from defillama}
Damn, a few of these chains are making below minimum wage.
Bro some lemonade stands got better numbers, and they didn't raise millions.
$TAO falls 9.4% after Covenant AI exits Bittensor, questioning the network’s decentralization and governance.
Covenant AI operates multiple subnets within the ecosystem, most notably @tplr_ai or SN3.
@waleswoosh Just like taproot was a soft fork on top of Segwit bip 360 will be another soft fork on top of the already existing infrastructure. Nothing.