The bridged rsETH on Unichain lost its backing because the assets on mainnet that it was minted against by locking into the bridge were removed, making bridged rsETH worthless
Bridged assets have different risk profiles depending on the L2 or bridge
But the rsETH sent to aave should technically be priced the same as before, because it's still representing the same ETH balance, there's no change in that. wdyt?
I would not ignore this.
There are rumblings that the ISM data being released tomorrow is going to come in above 50, with some estimates even over 51.
If that happens, it is very significant.
Here we have:
- Bitcoin
- Copper/Gold
- ISM/PMI
For those who are unaware, the ISM reading is essentially whether the economy is in contraction or expansion based on manufacturing. A reading of under 50 is contraction, and over 50 is expansion.
You can see here very clearly, every single time since Bitcoins inception, when ISM has pushed back towards the 52 level after being in contraction(under 50), it has marked that:
1. The Bottom is in for COPPER/GOLD
2. Bitcoin has begun its true expansion phase
You will notice that the PMI reading has been in by far its longest contraction ever, and this is a key piece of data that explains why this bull cycle has been so different.
It is the first time ever that Bitcoin has made new highs whilst the PMI has been in contraction.
It explains why this bull cycle has been so weak because the foundational state of the economy/liquidity has not been there to support it.
Its not a coincidence, by any means.
In addition, this is all happening as GOLD has very likely finished its mega run, meaning COPPER/GOLD is very likely bottomed, with COPPER pushing, in line with high manufacturing and development business happening...
Contributing towards the increasing PMI.
Just as Bitcoin is approaching its invalidation levels for HTF structure break, and almost everyone has now succumb to a year long bear market.
All of this is linked together and telling us the same story.
If PMI comes in close to 52 tomorrow, I expect this to be a market shock and begin the reversal phase throughout Feb.
This is data that truly matters.
Why Is $REYA Being Talked About So Much?
Lately I’ve spent quite a bit of time digging into @reya_xyz and have shared a lot of posts about it. It’s honestly rare to see a project this mature in both volume and technology. So why do I think that?
Top 6 PerpDEX before the token launch
▫️ Reya is already an actively used DEX with $1B+ daily volume and $60B+ total volume.
▫️ And this volume isn’t coming from artificial incentives it’s driven by real trader demand.
▫️ Thats why the natural hype around the @CoinList sale makes total sense.
Technological edge: The first based-rollup DEX
▪️ Reya isn’t just fast — it’s the first DEX using a based-rollup design that’s fully verified by zk-proofs and has no sequencer risk.
▪️ This enables high-frequency strategies on-chain that would normally be impossible.
Cant skip the founders
▫️ The project is led by @0xSimonJones, someone who has spent years building products and market infrastructure across both TradFi and DeFi.
▫️ The engineering background of the team isn’t “theory for the sake of theory” they’re capable of delivering real, working systems.
Clear token mechanics
▫️ Fee revenue goes to the Assistance Fund, which uses 80% for REYA buybacks and 20% for ETH buybacks.
▫️ As trading volume grows, this creates natural buy pressure on REYA.
▫️ Execution Nodes staking REYA also ties economic security directly to the token.
The presale closes in 4 days here are the details:
- Price: $0.01875
- FDV: $150M
- 50% unlock at TGE
- Participation link: https://t.co/FdKb8yDFAN
PS: Using the "SQUIRREL" code increases your selection chance.
Reya isnt just another DEX ,its building a new market infrastructure layer on Ethereum. I’ve put it at the top of my radar.
I was just SUED for $5,000,000 over my X posts criticizing Israel
by FBI director Kash Patel's inner circle. I've never engaged in defamation or illegal activity. Gross LAW FARE
This is an ATTACK on free speech & an EMBARRASSMENT to the FBI & Trump Admin
Here is my RESPONSE:
i've been deeply thinking about SOL vs. AVAX
like, the coins have roughly the same market cap / fdv ratio (AVAX is even better at 0.93 vs. SOL's 0.9)
AVAX has a max supply of 720M while SOL has infinite supply (!)
so how is SOL traded 10x more than AVAX?
something is missing, and that's what i want to find out, hopefully this week
i've been crafting multiple scenarios and analyzing different metrics
but i guess it must have something to do with validators on SOL having a higher incentive in staking, hence buying more and more SOL lock stake it
ofc throughput on the chain is something that needs to be included, but L1 validator fees on Avalanche will grow exponentially in the next 2-3 years - almost 13K AVAX per year are burned on this alone RIGHT NOW