🐙🚨 #Kaspa PLOT TWIST OF THE YEAR
24 hours ago: https://t.co/iaqG7nIfDY, the most loved explorer, announces shutdown. @cryptok777, the solo dev who funded it for 3 years out of pocket, says goodbye. Community in tears, price wobbles.
TODAY: Yonatan Sompolinsky steps in and says verbatim:
“If needed, we will fund https://t.co/iaqG7nIfDY to keep running. Same goes for any other community-loved Kaspa project that’s struggling financially – we can help.”
Translation: the core team is ready to save critical infra. No more watching heroes burn out.
Bonus: Yonatan just spent the last two days in Abu Dhabi with the Solana/Mert’s team, Zcash crew and Ilya from NEAR – all of them geeking out hard over Kaspa’s DAG and brainstorming how to give it the spotlight it deserves.
So yeah:
- https://t.co/iaqG7nIfDY most likely stays alive ✅
- community tools now has an official lifeline
- top-tier L1 teams are openly simping for Kaspa tech
We just went from “solo warrior era” to “core-backed + big ecosystem attention era” overnight.
Octo-strong doesn’t even begin to cover it. 🐙⚡💜
#KAS #DAG #Crypto
My indicator just flashed another buy signal, so I opened a 2x long at $90K again
The last time it fired this aggressively, Bitcoin ran from $70K to $100K. Hopefully we see a similar move play out again😍
Until now, my indicator had been catching all these manipulative swings, but the recent volatility has even thrown it off a bit. I’m already working on improving it
Thanks for your patience and my apologies for the hiccups🙏🏻
$BTC $MSTR $ETH
🚨 Biggest news in $KAS history.
$500M Lehman Bush Fund will be the first major introduction of MASSIVE money into #Kaspa.
Secure your bags now.
https://t.co/nWMiWv2rJ7
A lot of people instantly turned bearish when @RamXBT mentioned Avici might raise again soon
This isn’t a traditional crypto “raise.” This is a fintech scaling moment, and the context matters
Early-stage fintechs like:
- Revolut
- Wise
- Stripe
- CashApp
- N26
All raised multiple rounds early because scaling financial infrastructure is expensive:
✅ licensing
✅ compliance
✅ payment rails
✅ virtual account partners
✅ settlement infrastructure
✅ fraud prevention
✅ card issuing
✅ treasury ops
The fact that @avici is already processing millions per month makes it normal that they raise for scaling their infra. Raising money to support hypergrowth is bullish, not bearish
It means the product is working too well that they need more capacity and imo that’s the best problem a startup can have...
+ the sale will only happen IF holders approve it, this is why Futarchy matters
This part is what most people ignore, Avici cannot raise anything unless OWNERS approve it via Futarchy
This isn’t:
❌ founders deciding
❌ backroom deals
❌ VC allocation insider dumping
❌ traditional ICO dilution
Instead, it's:
✅ holders voting
✅ market outcomes deciding
✅ aligned incentives
✅ transparent proposals
This is exactly why @MetaDAOProject Futarchy is 10x superior to ICO models, holders control the dilution, the raise, and the structure, Founders cannot force anything
In any other crypto project, the founder would simply announce the raise and dilute you
If the raise accelerates growth, so ownership becomes more valuable
If the raise is unnecessary, then holders reject it, and no dilution happens
This creates a smart filter, only the raises that increase owner value ever get approved
Most people are bearish because they still think in old-ICO mental models
People associate new raises with team dilution, greed, mismanagement, supply nuking, rug potential, desperation, etc
But none of this applies here because:
1⃣ Avici is not a “hype token,” it is a scaling fintech
2⃣ Futarchy prevents founders from diluting without approval
3⃣ All details will be on-chain and market-validated
4⃣ Raises fund infra expansion, not runway
5⃣ Growth metrics justify scaling spending
People will eventually realize that you can't compare Avici to meme projects... You have to compare it to real fintech companies that scale like startups
Made this TLDR below, picking the best parts from the article for anyone interested:
➡️ $2.9M credit created (2×), $2.5M spend volume (3×), 55k transactions (3×), 16.2k MAU (2×). For month 2, these numbers are insane and show real product-market fit
➡️ People aren’t just testing the card; they’re actively using it. High retention this early is rare in fintech and signals long-term stickiness
➡️ Named virtual accounts + MoonPay partnership are the biggest unlock so far: Off-ramps now arrive as normal bank transfers under the user’s own name.
➡️ Biz cards + institutional-grade Solana wallet infra shipped: This expands Avici from consumer fintech into business + high-value money flows
➡️ Public dashboards, viral marketing, new dev hires, new infra, LATAM GTM, all in one month
➡️ Some issues still need fixing but they’re transparent about it: Card balance withdrawal bugs, better wallet analytics, LATAM focus
➡️ Revenue is growing but they are reinvesting everything for marketshare: Interchange + card sales are already meaningful, but the plan is to use it as cashback
➡️ Team supply / new raise will be proposed transparently: Proposal likely Dec/Jan, and holders will need to approve it, this is why Futarchy matters
➡️ “Avi” is coming, personalization + deeper user experience: They want Avici to become people’s financial home, not just a spending card. More personalization = higher retention and bigger revenue per user
➡️ Metal cards + cashback targeting high spenders: Once spend volume 2-3×, interchange becomes big enough to reward users aggressively
➡️ They will double down on global + localized branding now that people get the narrative
The People’s bank
Ownership Supercycle
Kaspa Daily Recap - December 8:
• Market sentiment still heavily bullish: $KAS is currently ranked #1 in market-wide bullish sentiment.
• Major ecosystem research coverage:
@BSCNews published a full analysis on Kaspa’s L1 design and tokenomics.
• Space-based decentralization initiative
Kaspa’s KONI (Kaspa Orbital Node Initiative @KaspaKii ) gained renewed attention, with community members highlighting that a #Kaspa node is being deployed to Low Earth Orbit which pushes decentralization beyond terrestrial limits.
• DAGKnight & 100 BPS discussions grow
Technical threads continue breaking down:
– how 100 BPS pushes Kaspa toward Visa-level throughput on L1
– how DAGKnight removes fixed latency
– how MEV auctions and oracle protocols plug into the long-term design.
• Kaspa's reddit adds $KAS tipping integration via @KaspaTipbot : Reddit community now has native Kaspa tipping, expanding real-world microtransaction use cases.
If you’d like to support my Kaspa research and daily coverage, tips are appreciated:
kaspa:qrntz5ere9ar4arpm0dy4ln6wa8q02u075024qchg48d5m2cpwjjzedq4hgya
Crypto Proselyte
We love the $KAS community, and the $KAS community loves https://t.co/AhEGEac1qP 💚
We’ve put a lot of work into redesigning the website and improving the overall experience. At the same time, we now have more than 150 daily active users on the app and as promised, it’s time to give the app some love too.
We’re actively working on major updates that will bring new features and meaningful improvements, adding even more value to the app.
Here’s a short preview video showing how we’re implementing interactive charts in the app, now more powerful than ever. Previously they were static, but soon you’ll enjoy chart behavior similar to TradingView, just in a simple, lightweight charting tool.
Coming soon to the app 💚
Hope you like it!!!
Funny how a bitcoin-only app feels the need to throw shade at Kaspa.
It’s like a bicycle shop proudly announcing they’ll “never sell motorcycles.”
No one expected you to — it’s literally in your bio.
What’s even more ironic: this is one of your most-viewed posts.
Looks a lot more like a marketing move than a real argument.
If Kaspa was truly irrelevant, you wouldn’t need to farm engagement with it.
This will go down not just as the most shameful day for @binance, but one of the darkest moments in all of crypto history.
Dr. Yonatan Sompolinsky of Kaspa won the Independent Researcher category.
He earned it. The community voted for him. His message shook the industry.
And yet on stage… he was silenced. Censored. Erased.
First place was publicly handed to the runner-up while the actual winner was never even mentioned.
Yonatan’s response on X has nearly matched the views of Binance’s original post featuring Saylor and CZ but at the ceremony, he was treated as if he didn’t exist.
This is how cypherpunk voices are punished in 2025. This is what happens when truth threatens the casino.
Remember this moment. History will.
#Kaspa #Crypto #Binance100 #Cypherpunk
DELETE YOUR BINANCE accounts immediately.
@binance $KAS
The Kaspa community will walk with their feet. #ByeNance.
Repost. Like. Let’s make it go viral. 3 Million impressions on Yonatans post and they snub us?
I’ve have been thinking a lot about what happened with the Binance Top 100 contest. Yonatan Sompolinsky (@hashdag ) Kaspa founder, was voted the number one independent researcher. @michaelsuttonil was voted the number three industry advocate. Both results came straight from the community, not from an exchange or a marketing machine.
Then Yonatan publicly said he would not attend the Binance event where the awards were going to be handed out. It was mostly a protest against exchanges listing silly meme coins while ignoring this century’s greatest advancements in internet speed digital money. Calling them out from going wayward from the original version of cryptocurrency.
This weekend Binance gave the trophy to the second place winner and never mentioned Yonatan at all.
There is a lot wrapped up in that moment.
Right after Yonatan’s protestpost, @Kaspa_Commons used a simple phrase in a post as an acknowledgment to the potential for Kaspa to find greater use cases outside Cryptoland and as a small dig at the exchange.
Nov. 7
Can you imagine?!
"Tokens backed by real multibillion dollar assets that actually have utility and generate revenues for decades."
@Kaspa_Commons can.
@KaspaKii can.
👋🏼Bye-nance, enjoy Cryptoland and your millions.
That simple tag, “Bye-nance”, seemed to resonate and a small rebellion started. Bye-nance was a direct message, a goodbye to Binance that encouraged others to step away.
After the award ceremony failed to mention Yonatan’s name, the community responded in force. That little pebble dropped in the pond was becoming a tsunami. A huge wave of Kaspians have been dropping the tag and deleting their accounts and Binance is clearly not thrilled about it. We have yet to verify this, but I heard that Binance approached @Kaspa_KEF reps to ask them to encourage the community to stand down. 🤣
But the bigger story is what this whole episode reveals.
First, the Kaspa community is one of the most engaged and passionate groups in the entire blockchain space. The voting proved it. The unified response after the snub proved it. People showed up for Yonatan because he has shown up for the principles that matter.
Second, this was a chance for crypto to take a stand again. Yonatan did. It reminded me that Bitcoin began as a protest against captured institutions. It was a push for self sovereignty, economic freedom, and independence from the usual gatekeepers. Over time, the space drifted. Memes, speculation, and exchange driven hype drowned out the deeper purpose.
Seeing the reaction this week makes it clear that a new wave of cypherpunks is rising again. Builders who care about research, engineering, and integrity. Researchers like Yonatan. Developers like Michael Sutton. And communities like Kaspa. People who want crypto and blockchain tech to mean something again.
Third, the whole thing exposed the true nature of some of these L1 exchanges and classic crypto in general. The incentives. The politics. The greed. The selective celebration. The silence when the results do not serve their interests. Many people are looking at that and deciding they are done.
So let us not waste this moment. What we just saw is a big opportunity. An opportunity to show the strength of our community. It is obvious. An opportunity to reintroduce a modern cypherpunk spirit. It is happening. An opportunity to shine a light on the difference between real builders, real solutions, and the bad actors inside the Cryptoland circus.
The original Bitcoin movement of protest was against real world finance and government control. It is interesting and ironic that Kaspa’s latest protest is against the dark side of Cryptoland itself.
Let us not waste this moment. And even though we are focused on one exchange and their actions, we need to turn our backs on the entire Cryptoland mindset.
Let us start here. Everyone, say it with me. 👋🏼 Bye-nance
The recent $KAS move may look like a typical hype-driven pump at first glance, but if you look at the Gate chart (the exchange with the highest $KAS volume), you’ll notice something much more structural behind it.
Even with a +50% price increase in less than a week, overall spot volume is still relatively moderate. That’s the first big clue: the sell-side liquidity is extremely thin. When there’s not much real liquidity sitting in the order book, even a small wave of buy orders can chew through the entire ask side and push the price up several percent in a matter of seconds.
The orderbook shows this clearly small ask walls, low resting volume, and levels that disappear as soon as market buys hit them. You can observe this at https://t.co/AhEGEac1qP
At the same time, large market participants are still active. Many big wallets have been accumulating for months, steadily reducing the circulating float. The “Supply Not Moved in Over 2 Years” metric highlights how many long-term holders simply aren’t selling. As long as these long-term convictions remain and fewer coins hit the market, sell-side liquidity stays thin and thin liquidity is exactly what enables these explosive upside moves.
Then you have the social-media effect. Kaspa is now showing up everywhere, CMC, Coingecko, trending lists, various algorithmic feeds. That attracts fresh liquidity and new traders who tend to jump in quickly, often driven by FOMO. These short-term players usually exit just as fast, which can create temporary pullbacks.
But the bigger picture is this: as long as long-term holders hold the majority of supply, and sellers offer weak liquidity in the orderbook, even moderate buy pressure can push the price significantly higher. A single market order of 100k+ can currently absorb several price levels simply because there’s so little resistance on the ask side.
Of course, this dynamic works both ways: low liquidity means price can move up fast but also down fast if large sellers appear.
Right now, though, the balance clearly leans toward buying interest and long-term holding. And that’s exactly why this move was so violent, despite the relatively low volume.
We also saw this already coming, that the sellers got overall weaker, this is why we just pumped in more Fiat money to fill our bags in the right moments!
Hope that this explanation is easy enough to understand.
Dupe saw 40% more revenue this Black Friday compared to last year and 6X more revenue on the day compared to a normal Dupe day 🔥🔥🔥 $dupe beat the ecomm avg lift by a lot