Seems the VCs are still moving slow; last week's raises have been pretty low, but at least we're still moving.

Seems like the industry is starting to shift. Top movers over the last week have only seen 1 meme...

Bitcoin $BTC is in the greedy range despite the price not completely breaking ATHs.

Are we due for a bigger retracement?

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Seems like launches are slowly but surely on the come up.

The hype, despite the growth of $BTC price, is dying. This bull market is more like a bear market with a party hat on.

Over 65% of $SOL is currently being staked.

Out of a circulating supply of 462M, 379M is staked across different staking providers, validators, and delegates.

Source: https://www.stakingrewards.com/

Binance listings coming in clutch: 32.35x to a $150M market cap (currently holding floor at $130M) - impressive.

Even Pareto would be amazed at this distribution. The #1 spot of the known investments closing last week has a surreal gap.

Feels like yesterday we were celebrating getting to 200. Pleasure to have everyone here.

As $BTC grows higher, the ETF holdings start to get sold. Arguably, we're in a distribution phase.

🤝 Great to be working with CoNET Network 🤝

CONET establishes a physical virtual network infrastructure on the Internet based on the Layer Minus communication protocol.

Upon entering the network, users replace their Internet IP addresses with encrypted wallet addresses as identifiers, achieving anonymous and secure data communication.

Whether it's:
🔹 regular Internet data communication,
🔸 blockchain communication,
🔹 IoT (Internet of Things)...

CONET can serve as the underlying infrastructure to the entire internet, providing privacy, anonymity, and secure data communication.

🚀 Why we're bullish
CONET is constructing a Decentralized CONET Private Network (DCPN), turning centralized servers into decentralized ones. Due to the absence of centralized servers, user data is never recorded, leaked, or susceptible to hacking during DCPN transmissions.

We look forward to seeing what's next 👏

The market is still moving, most notably these guys.

Project Spotlight: Bitwave

Digital asset finance platform for enterprise. Features include tax & inventory, accounting, DeFi monitoring, NFT tracking, Payments, and Reporting + APIs.

This year, Fantom's wallets growth has slowed down compared to the growth during the bear market.

Is this more indicative of Fantom's own tech/GTM, or is it a sign that the industry isn't very mature and most wallets go for meme coins on Solana and Base?

Exploring memecoin domination

🔹 Top 3 cryptocurrencies - $BTC, $ETH, and $USDT - have an average of $9-13Bn daily inflow volume.

🔸 Top 3 memecoins - $SHIB, $WIF, $PEPE - have an average of 2x - $20Bn.

Full article: https://thoughts.simplicitygroup.xyz/p/memecoins

The number of new coins is surreal.

This chart excludes Solana which has over 1 million new launches via Pump.fun alone.

Imagine a coffee shop with free WiFi.

You have two types of people inside:
1. those who come to buy the coffee, and
2. those who just come to sit inside for the free WiFi.

From the outside, it looks like the coffee shop is busy and thus high quality, so it attracts more people to come and try the coffee. Even people who come just for free WiFi indirectly increase revenues.

Additionally, advertisers may start to pay the coffee shop to put up ads given the great foot traffic.

However, the issue starts to build under the hood as the coffee shop reinvests its revenue into improving the WiFi, instead of improving the coffee, service, and food...

the number of people who come and stay for WiFi keeps growing, but the number of people who come for coffee doesn’t (they try it, and leave).

Then one day, a new coffee shop opens with better WiFi.

> Every single person who was there for WiFi leaves.
> The advertisers also leave.
> Whatever advertisers there are left just make the experience worse for coffee buyers, so the buyers leave.

And now, what seemed to be a great business, hopefully has just enough revenue to survive.

⛔️ Welcome to the world of projects that focus on token holders instead of users 🫵

Full article: https://thoughts.simplicitygroup.xyz/p/token-holders-are-not-users

A popular name in the conversation of top L1s, Avalanche is struggling to secure over 100k active addresses.

Is it because it's not faking its numbers, or because most people aggregated towards Solana and Base for memecoins?