Crypto Watchlist for the week ahead:
$ETHFI - EtherFi will make a major announcement on Aug. 13
$KAITO - Kaito Studio will undergo a big upgrade soon according to the Kaito founder
$HYPE - Hyperliquid's next network upgrade will enable HIP-3 deployers to increase the trading fees of HIP-3 markets by up to 30x
$SKY - Sky will host its quarterly insights call next week
$SYRUP - Maple's next community AMA will be on Aug. 12
I hope you found this helpful🫡
A short review of my week:
1. Below you see a 78k€ BMW M 1000 RR Superstock (MY25) that we sold and delivered; completely paid in Monero.
Yes, that is a non-street-legal superbike that you can only drive on race tracks. If you want one, DM me or check out our website https://t.co/GmPTma0fiJ
2. Coldcard made people go broke - the community came together to fix a couple thousand bugs. The duality of the Bitcoin community is truly awe-inspiring. Shoutout to @vikrantnyc from Cake Wallet for donating $10k in tokens.
3. US-based AI was considered "dangerously good," but when push came to shove, the Chinese AI was superior because... *checks notes* Real communists actually understand that the user needs to be able to fight with anything they've got against AI cyberattacks and is not a 2-year-old who needs handholding and a nanny AI that is upset when you swear. You can't make this stuff up.
4. monero:native stays the most used coin of ShopinBit. And with the deactivation of @Boltzhq we no longer directly accept Lightning. You can still use Lightning in our "pay with other crypto" option powered by @exolix_com.
With its low usage and the current (Bitcoin) bear market, it is economically nonsensical to keep supporting a Bitcoin Lightning node. We have other topics at hand that are more pressing than doing channel management.
Running a business (especially in Europe) is not easy, and the last thing I want to focus on (or my employees) is whether the channels are liquid enough to receive payments and how to get funds out of them. The payment needs to work; I should not have to work on the payment. XMR and BTC on-chain just work.
5. I'm enjoying the sun and family life. But I will also, from now on, go harder against fake "Bitcoin Maxis" who act all freedom but are actually fiat apologists.
You know who you are.
6. I don't understand BIP-110, and I have no time to care about it. I'm sorry that you are so entrenched in that, but people already prefer to use XMR when they can for big spending. Even I swap to XMR before I spend anything, and our lawyers recommend it as well.
I still love you crazy hardliners personally, this is not meant as hate, just wanted to share my 2 sats.
Who wants to see this notification that you’ve just received 200 USDT 💸
Today, I’m making that happen for a few lucky followers.
Send your $SOL wallet 👇
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💸 Average Trading Volume per User Across TON Meme Launchpads (Last 30 Days)
Not every @ton_blockchain meme launchpad has the same kind of users
Some platforms have more users, while others have fewer users who trade much larger amounts
Here's the average trading volume per user over the last 30 days:
🥇 Blum (@blumcrypto): $436.8
🥈 https://t.co/LBX2QhI1ki: $294.6
🥉 BigPump (@pocket_fi): $126.5
4️⃣ Memes Lab (@LABtrade_): $82
5️⃣ GasPump (@gaspump_tv): $67.9
6️⃣ GraFun (@GraFunLabs): $10
today is a turning point for $PUMP and pump fun
I want to give more context on the bigger picture and where we're actually going.
over the past ~9 months, 100% of revenue went into buybacks. basically no other platform in crypto has done that at this scale.
however, we received ongoing feedback specifically on the feeling of a lack of trust - in the certainty of buybacks, in what would happen to the bought-back tokens, even in whether the business itself would be here in a year.
today, we’re changing that.
it started with burning ~$370M worth of $PUMP purchases. ~36% of the circulating supply removed from circulation, forever.
but that isn’t enough. we’ve also allocated 50% of our next year of revenue to programmatic buybacks & burns. no more uncertainty for those who believe in us & those we’re proud to call our community.
but why not 100%? the short answer is the business simply needs the other 50% to grow.
a large treasury gives us the flexibility to make big bets over the next 5-10 years, and 50% of ongoing revenue enables us to build better products, infrastructure & reinvest into the ecosystem. I am extremely confident that 50% of the business we're building toward will dwarf 100% of the business we have today.
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