Alt Street Journal

[Alt Street Journal @altstjournal]

@jayendra_jog @RobinhoodApp @SeiNetwork 🎉🎉

[Alt Street Journal @altstjournal]

@ProAboveMe @nitromachines 🏎️

[Alt Street Journal @altstjournal]

@jayendra_jog 🤝

[Charles Guillemet @P3b7_]

Monero appears to be in the midst of a successful 51% attack.

The privacy-focused blockchain, launched in 2014 and long targeted by governments and 3-letters agencies, is already banned from most major centralized exchanges.

The Qubic mining pool has been amassing hashrate for months and now controls a majority of the network. A major chain reorganization was detected this morning. With its current dominance, Qubic can rewrite the blockchain, enable double-spending, and censor any transaction.

Sustaining this attack is estimated to cost $75 million per day. While potentially lucrative, it threatens to destroy confidence in the network almost overnight. Other miners are left with no incentive to continue, as Qubic can simply orphan any competing blocks, effectively becoming the sole miner.

In effect, a $300 million market-cap chain is taking over a $6 billion one. Monero’s options for recovery are limited, and a full takeover is now possible and even likely.

So far, XMR has dropped only 13%.

[Alt Street Journal @altstjournal]

2/ Trying to push him out early would be a legal headache and a political fight. Better to let Powell finish the job and take the blame for any final round of tight policy. That gives Trump cover, Powell gets to be the fall guy if the economy slows or inflation flares again.

[Alt Street Journal @altstjournal]

4/ Big picture: Each successful initial public offering sets comps for the next. If Bullish prices well, expect an accelerated queue of exchanges, infra plays and token issuers racing to file before the window closes.

[Alt Street Journal @altstjournal]

🧵 1/ Crypto-IPO season just got another headline: Bullish (Exchange + owner of CoinDesk) filed to raise up to $629 M in a NYSE share sale at a ~$4.2 B valuation. Ticker: BLSH.

[Alt Street Journal @altstjournal]

3/ Key numbers:

• 20.3 M shares, $28-$31 range
• $874 M cash on hand pre-raise
• 2024 net income: $80M

Underwriters (JPM, Jefferies, Citi) are saying it's a “profitable exchange and media arm.”

[Alt Street Journal @altstjournal]

@YassBza46611 Ink it, don’t think it

[Alt Street Journal @altstjournal]

Not a mascot, a menance. $ANITA is going to have a monster pump 🔜

[ANITA @ANITAONINKCTO]

Now that it’s all clear, do you see what ANITA sees?

[Alt Street Journal @altstjournal]

Glad to see $ANITA is running with this narrative @ANITAONINKCTO

[ANITA @ANITAONINKCTO]

Tier 1 status takes years of trust and transparency.

@krakenfx is the last top CEX backing @inkonchain.

ANITA says: Those who know, see the opportunity 💜

[Alt Street Journal @altstjournal]

@KrakenDesktop As long as we can trade $ANITA

[Alt Street Journal @altstjournal]

@Shubhmaxxii @krakenfx Always bet on the mascot before an ecosystem airdrop

[Alt Street Journal @altstjournal]

9/ TLDR

• PayPal’s crypto checkout feature is live
• Merchants save fees, users get onchain rails
• Stablecoins become mainstream
• Crypto gets plugged into global commerce by default

The next wave isn’t speculative, it’s systemic. 🌐

[Alt Street Journal @altstjournal]

🧵 PayPal just flipped the switch on mass crypto payments. Here’s why it matters + how it unlocks crypto’s next leg up.

[Alt Street Journal @altstjournal]

8/ Crypto payments used to be a UX meme.

Now they're invisible.

That’s how mass adoption always happens: when the infrastructure disappears into the background but the demand compounds.