Bitcoin is up 44% this quarter, putting it on track for its strongest performance since the final three months of 2024 and raising hopes of a full-blown crypto bull run.
Get the full picture in Crypto Daybook Americas, CoinDeskโs daily markets briefing presented by @Grayscale.
๐ฏ CoinMarketCap | Liquidation Map ๐ฏ
Bitcoin is up $2,796 in the last 3 hours on a wave of forced liquidations!
Our map draws where the next ones sit:
๐น $86,050 holds $40.6M of shorts
๐น $80,950 holds $82.25M of longs
๐น The heaviest zone holds $192.65M at $136,750
See where the leverage sits ๐
https://t.co/fO9iyBMMkQ
ICYMI: โก๏ธ Solana cut its target slot time from 300ms to 250ms, a nearly 17% speedup, marking the network's third block-time reduction since August.
๐จ JUST IN: US diesel topped $6.50 a gallon for the first time, hitting $6.505 nationwide as war-driven fuel costs ripple through the economy, per Bloomberg.
JUST IN: Bernstein expects "aggressive and swift" SEC and CFTC rulemaking to compensate for the CLARITY Act's failure, saying agencies will move to make up for time lost in negotiations.
.@RebeccaRettig1 says financial markets are undergoing a transformation that will look even more significant in hindsight:
โI mean, we're living through it, and maybe I've said this on the pod before we've talked about this, but, you know, 10 or 15 years from now we're gonna be like, โWe lived through it. Things looked really different before this.โ
INSIGHT: @Coinbase CEO @Brian_Armstrong tells CNBC the CLARITY Act is close to 60 Senate votes, adding that even if it fails, the SEC and CFTC are ready to provide regulatory clarity.
AI agents in @claudeai, @ChatGPT, @cursor_ai, & more can now read live @aave positions & prepare transactions through the official Aave MCP server.
Across those interactions, Chainlink powers the high-integrity data that keeps agents informed of real-time market conditions.
One optimistic and still very-non-consensus belief I have about the far future of cryptography:
I think that there is a 33% chance that, for average real-world computation, there exist ways to implement all three of what I call the Egyptian God Protocols (SNARK, FHE, iO) with 1+ฮต factor overhead (meaning, for large enough instances, the added overhead of cryptographizing a computation becomes arbitrarily small compared to the base cost of doing the computation itself)
And a 60% chance that all three can be done with single-digit overhead (ie. <10x, measured in total cost of energy plus amortized compute)
I think there's a good chance we'll get one of these (probably SNARKs with single-digit overhead) by the end of this decade. After all, we're already there for specialized hash functions and for some LLM inference.
LIVE on @RobinhoodCrypto and @BNBCHAIN, @metricxyz has launched a new DEX with Chainlink Data Streams as its recommended price oracle solution.
See how Metric is leveraging Chainlink to unlock deep onchain liquidity for tokenized assets in active pools.
Chainlink Adoption Update ๐
Recently, there were 8 integrations of the Chainlink standard across 5 services and 6 different chains.
Users include @ApexGlobalGroup, @bitget, @BitGo, Blockchain Valley@Cyberport, CSPro, FORMS HK, @HastraFi, @LBank_Exchange, and @Nocturn_GG.
LINK everything.