📉🤔 #BTC CQ: Bitcoin's recent UTxO Loss Supply drop from 7.5M to 6.1M BTC, following a price rebound from $80K to $90K, stems from automatic reclassification of unrealized losses to profits as market value rises, without any on-chain transactions.
The Loss Supply (pink line) inversely correlating with BTC price (black line), with orange "Bottom Alert" bands marking potential capitulation points during downturns.
The Loss Supply (pink line) inversely correlating with BTC price (black line), with orange "Bottom Alert" bands marking potential capitulation points during downturns.
📊👀 #ETH According to ValidatorQueue data, the Ethereum Beacon Chain staking entry queue has surged to 1.759 million ETH (~ $5.5 billion), marking the highest level since late August 2023. New stakers now need to wait about 30 days and 13 hours before their validators can be officially activated. Meanwhile, the exit queue has completely cleared to zero.
🗣 #ETH co-founder Vitalik Buterin defined "Corposlop" on Farcaster as a blend of corporate optimization, sleek branding, and unethical profit maximization. He advocated for the development of tools to support a "Sovereign Web," including privacy-preserving local-first apps, user-controlled social media, responsible financial tools, and open-source #AI. link
Farcaster
@vitalik.eth on Farcaster: "I agree with maybe 60% of this..."
I agree with maybe 60% of this, but one bit that is particularly important to highlight is the explicit separation between what the poster calls "the open web" (really, the corposlop web), and "the sovereign web".
https://x.com/tom777kruise/status/2006710624424702362…
https://x.com/tom777kruise/status/2006710624424702362…