Price action on $CC is painful. A lot of people are asking how come the BME not managing this. It’s important to understand that buy/sell can still move the price significantly esp when volume is low (I posted already we don’t do volume deals). Canton still needs a lot more awareness and we’re working on it.
At the end of the day, the thesis doesn’t change. Everything on @CantonNetwork requires burn. The network since inception burned already north of 9% of its total supply. These are coins that are never coming back. Just for comparison, ETH burned roughly 3.5% since inception. Other active chains less than a 1%.
That doesn’t change the pain with this move but I’m very confident that eventually when burn goes up as a result of real activity, there is no better alternative. I wrote about it before that relying on speculative buying is good short term and very bad long term.
We’re going to continue to execute.
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This is absolutely mind-blowing.
On Monday, $BTC dumped from $63,900 to $61,000 liquidating $497M!
Then yesterday, $BTC pumped back above $64,600 liquidating $309M more!
And now today, $BTC dumped back below $61,700 liquidating another $248M!
$1.05B total Crypto liquidations this week already!!!
Now, $59,000 - $61,500 has sizable liquidity that could be swept next.
However, $64,000 - $66,500 has roughly 2x larger liquidation clusters stacked up, making this the 'higher probability' zone to visit next from a liquidity perspective.
Bears are relentless lately.
Holding isn't a strategy. Holding the right assets is.
Top protocols by 30D holders revenue:
$HYPE - $47.8M
$PUMP - $12.8M
$ZINC - $5.45M
$LINK - $4.59M
$AERO - $4.45M
$UNI - $4.17M
$ORE - $2.72M
$JUP - $2.47M
$EDGE - $2.45M
$LIT - $2.34M
Cash flow doesn't lie. When the market starts pricing it in again, this is the list that matters.
🚨🇺🇸🇮🇷 The scale of tonight's strikes is now clear: FOUR TO FIVE TIMES bigger than anything since the ceasefire...
-Per a U.S. official to Axios, tonight's strikes were four or five times larger in scope and power than the previous Hormuz round ten days ago
-The target list spanned Iran's entire strait arsenal: air defenses, coastal surveillance, surface-to-air missiles, anti-ship cruise missile sites, drone launch sites, and port facilities
-Explosions were reported across Bandar Abbas, Sirik, and Qeshm Island
-It answers three Iranian attacks on commercial ships in two days, which shattered the post-MOU pause
-Treasury simultaneously revoked Iran's oil-sales waivers, with Tehran condemning the move as a breach of the deal
Source: Axios, Tabz / Writer: Daniel
Kaspa compared with every crypto in the top 100. Of which only 12 are fair launched.
Most have insider VC allocations and are proof of stake. Nothing comes closer to the same level of scalability, decentralization or security. The Trilemma matters still.
Add programmability and Kaspa is irrefutably the most superior crypto in the top 100. The market is not irrational. Price will eventually match the fundamentals.
$KAS
The U.S. military has launched "powerful strikes" against Iran after Iranian attacks on commercial vessels in the Strait of Hormuz.
The latest U.S. strikes targeted Iranian air defenses, coastal surveillance systems, anti-ship missiles and drone launch sites.
Iranian media reports explosions in Sirik, Bandar Abbas and Qeshm Island.
The strikes came hours after U.S. revoked the sanctions waiver that allowed Iran to sell oil.
Oil prices surged more than +5% following the strikes.
BREAKING: Iran has begun retaliatory strikes, firing at least two anti-ship cruise missiles and various drones at US Navy warships in the Sea of Oman in response to US strikes, per Fars.