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Capital markets are funding the AI buildout at historic scale: ~$400B over 6 months. Bitcoin ETFs have seen ~$4B of outflows since May 14, pressuring $BTC. This is a capital rotation, not a Bitcoin impairment. Volatility creates opportunity.
Lots of chatter around Clarity Act being voted in potentially as early as next week.
4th July signing by POTUS will be amazing.
The current dump is your typical BTC whale dumps.
Let me refresh your memory hoe they make money.
There is a BTC whale Telegram or similar group. They wait for some event or news to coordinate a controlled sellof.
Prior to the sellof, they open large leveraged short positions on major alts like RYH, XRP, SOL, XLM, etc
Then, each contributes say $20M or more BTC sell off to cause a cascading market dump.
Then they close the shorts in alts, rake in the millions, then buy back BTC at discount, open BTC leveraged longs at the same time.
The coordinated buying sends BTC up dramatically, they sell their BTC Longs.
This whole cycle, each whale makes Bout $2 to $4m.
That's how it works. Ps @cz_binance is one of them, so is @brian_armstrong , to name just two.
Enjoy the ride.. we coming back up shortly.
DYOR, this is my free speech and not financial advice.
The Ethereum not ETH stuff is the mental fallacy that triggered me into writing and podcasting in the first place.
There is no strong Ethereum without an ETH worth trillions. Without ETH as a global store of value, Ethereum is a failed project. Full stop.
ETH is economic bandwidth for DeFi. It is the only asset maximized for CROPs, fail at high value ETH, fail at CROPs, fail at Ethereum.
Saying you’re bullish Ethereum not ETH is like saying you’re bullish America not the American economy. They are one and the same - economic engines.
Better to admit Ethereum is a failed project than “Ethereum not ETH”.
So spew that weak blockchain not crypto stuff out of your mouth, it doesn’t make sense for BTC, ZEC, ETH, or any truly crypto native project.
This is fucking terrifying.
Basically, quantum computing is advancing faster than anyone realizes.
Google made a 10x advancement and hid it for a year, but multiple other groups have made the same advancement at this point.
Now consider all the malicious actors trying to break into wallets.
The estimate is in less than 10 years people will be able to break into Satoshi’s wallet.
Odds are, close to 5.
Big month @Coinbase:
- First company bringing global crypto perps + options to the US in a compliant way
- Official USDC treasury deployer for @HyperliquidX
- Gold & silver perps now live outside the US (coming to the US soon)
- Partnered with Standard Chartered to expand global fiat access for institutional clients
+ more in the article below:
I largely think of "crypto" as a failed asset class at this point.
I've written about the causes multiple times. Mainly, most crypto assets are worthless, or have dreadful value accrual, and most founders have abused the lack of guardrails and dumped on people indiscriminately, or are outright scammers.
On top of that we had the Memecoins SuperBullshitCycle, a trend that brought the worst out of people, and sucked everyone's souls & pockets dry. And then came the never-ending wave of DeFi hacks, which has dramatically increased since last April.
This can seem contradictory, as adoption of "crypto" is surging:
> Stablecoin adoption continues growing fast
> Politicians in the US are openly pro crypto
> Tradfi is looking at tokenizing everything
> Usage of equities & commodities perps is exploding in offshore and DeFi exchanges
> The US is in the early stages of adopting perps
> Prediction markets are becoming part of everyone's daily lives
These are more "blockchain" than "crypto", although there are some exceptions with a token in those fields, most of which have been performing very well in recent months. A few among those exceptions even distribute most revenue to holders via buybacks (Hyperliquid in particular), which is what every investor actually wants to see to be invested in a good business rather than a fleeting narrative.
We also have the privacy category. The one old school crypto category that is not liquid diarrhea. The world needs private non-custodial stores of value.
Crime in particular needs privacy, as proven by the DoJ confiscation of $15 billion in Bitcoin from Cambodia's pig butchering farms, legal filing for which was submitted on October 8, 2025 (coincidentally right before 10/10). Of course, everyone needs privacy, not just criminals, but crime flows are real, and large.
The asset attracting the most flows in this niche is Zcash. Zcash's recent performance has been fascinating, as it has been trending higher with bitcoin trending lower, a sign of real reallocation among bitcoiners.
Another crypto category that is not dead is the "AI" category, full of high flying, fundamentally lacking, narrative driven tokens. The standout exception is Venice, a private AI platform with growing users and revenue, whose tokens are directly backed by the business rather than a narrative.
So one could say old "crypto" is a failed asset class, but from the ashes come new beginnings, and the new face of crypto is one heavily dominated by the needs of Tradfi, prediction markets, AI, and privacy.
Crypto sucks. Long live crypto.