The Hyper Foundation is proposing a validator vote to formally recognize the Assistance Fund HYPE as burned, removing the tokens permanently from the circulating and total supply.

For context, the Assistance Fund converts trading fees to HYPE in a fully automated manner as part of the L1 execution. The Assistance Fund uses the system address 0xfefefefefefefefefefefefefefefefefefefefe. Similar to the zero address, the Assistance Fund system address has never had a private key with control over its funds. Funds are mathematically irretrievable without a hard fork.

By voting “Yes,” validators agree to treat the Assistance Fund HYPE as burned. No onchain action is required, as the tokens are already in a system address with no private key. This vote is binding social consensus to never authorize a protocol upgrade to access this address.

Voting process:
+ Validators should signal their intent in the governance forum by December 21 at 04:00 UTC (i.e., reply with Yes or No)
+ Users can stake to a validator who matches their view by December 24 at 04:00 UTC
+ The result will be based on stake-weighted consensus as of December 24 at 04:00 UTC

U.S. CORE CPI SLOWS TO 2.6% IN NOVEMBER, LOWEST SINCE MARCH 2021

Lighter Moves 25% Of $LIT Tokens, Hinting At A 25% Airdrop, As Polymarket Prices In A 24% Of A Post-TGE Valuation Of >$4B: Onchain

🔗 velo.xyz

Lighter Airdrop Form Live (Optional)

Form enables you to direct your airdrop to different addresses on Lighter. This is optional.
Form available till Friday, December 26th, 2PM UTC.

Link: https://app.lighter.xyz/points

Some notes:
Airdrop will not happen until after Dec 26th.
High possibility for it to be this year.
No T&C signing somehow.
Seems abit rushed.

looks like LIT is coming soon

not sure how i’ll play it yet tbh, but minimally will be taking half of my airdrop allo into stables because i’ll be on vacation

hoping for a good reap after farming for almost 8months

hoping the same for you guys as well :-)

good observation

my normie female friends are already carrying songmont

i don’t think it stops here

https://x.com/okaythenfuture/status/2002366035572187506?s=46&t=nluSw7cwYGx8zFxfoYi5Iw

China’s worsening economy has wrecked the appetite for global luxury brands. Demand that was supposed to return after the lifting of strict Covid-19 restrictions has instead slumped for overseas firms. This disappointment has helped erase shares at key luxury houses, with LVMH down about 30 per cent from its 2023 peak, while Kering has plunged roughly 60 per cent since its high in 2021 in Paris.
…
It is not just a China phenomenon. Shoppers globally have become more discerning, with consumers turning to labels that look premium at lower price points as they grow increasingly weary of spending on big-name brands that keep raising prices.

a global pivot point observation as society starts to properly feel the pinch of the economy

after years of fast and cookie cutter fashion, we start feeling the need for more tailored products that speak to us? consumers are now buying more into storytelling products

big stretch but maybe it’s due a lost of sense of self over time as well

ETHEREUM TREASURY COMPANY ETHZILLA SELLS $74.5M ETH TO PAY DOWN CONVERTIBLE DEBT

SOURCE

good read on hedge funds

https://x.com/systematicls/status/2003099156915843227?s=20

Hey guys i want to wish you all a happy Holidays. Telegram is full of copypasted holiday messages, that people don't even read and just forward to other servers. I don't like that. I like to write what i deeply wish and what comes from my heart. Our friendships, from the most deep ones to the most virtual ones are very important and will never be represented by a simple message copied from elsewhere. This being said I would like to thank all of you.

You are the best Volleyball team I've ever played with.

Lots of love - Shohei Ohtani

merry christmas and happy holidays everyone! 🎄🎄

take the time to spend it w the important people and to reflect on the past year -> moving forward

small hinges swing big doors

compound life through the small things

aiming to improve a tiny bit in several aspects of life can lead to an exponential increase in the overall result, so don’t neglect the little things :-)

cheers!

(i typed this fr)