How low will Bitcoin go?

DeFi is the fastest growing narrative by mindshare for the 2nd week in a row. Welcome to DeFi Szn.

📊 Other than 𝕏, which social network do you use most?

Introducing the next stage of Kaito - our Capital Launchpad. A natural progression of our mission to be the distribution powerhouse of crypto. With the most in-depth social mapping and ranking across CT, and leading data analytics when it comes to project-community interactions, the next step is to further connect the two through capital - linking onchain and offchain for the most comprehensive social footprint. Later this week - the platform will go live, building a new way for projects to raise and embed communities through capital alignment - in a way that's open, meritocratic and relevance-based - as an alternative to the FCFS model. Oh and, all Capital Launchpad fees are distributed back to the wider community - more on that with our upcoming gKAITO mechanism soon 👀 A community launchpad, for the community, owned by the community. Allocations will be determined by projects, based on factors such as social reputation, onchain holdings (not only Kaito holdings), historical alignment/relevance to the project and its relevant sectors, region, conviction, and more. Projects will also set out clear round terms - valuation, raise target, vesting terms - and you'll be able to make a decision and place a deposit to pledge, based on these on how much you want to allocate. The pledges will then be reviewed by the project teams, who then assign for the Preferred Phase of the allocation, with a subsequent (optional) FCFS Phase if there is any allocation remaining. We're really excited for this next chapter of Kaito - opening up new ways for all of you to allocate to top community-centric projects, as well as giving projects a new way to bootstrap, interact, align and involve existing and potential community members. Tomorrow you’ll be able to get your account ready and KYC to be able to start participating. Not long to wait.

I am honored to be asked to be a torch bearer for the run up to the 10th anniversary celebration of Ethereum's launch and non-stop, essentially flawless, operation of the protocol -- even as the protocol underwent many major upgrades "in flight" – without missing a block.

AND HERE IT IS: etherscan.io/block/22968004 First 45 Milion Gas Limit block proposed on #Ethereum Mainnet! 🔥🚀 Next Target: 60M 📈

prediction: bitcoin punches through 130k within two months • schwab opening spot trading to 40m clients, standard chartered lining up • fresh $2.4b hit spot funds this week, sequans adds $150m more • long-term holders keep stacking while whales yank almost 9k coins off exchanges tradfi doors swing open, supply shrinks. simple math

money rotating out of btc faster than you can say "store of value" • eth otc desks running dry $726m daily etf flows • xrp futures volume prints $235m ath • schwab prepping eth trading alongside btc old guards finally figured out there's more to life than digital gold. utility wins.

Initial Community Offerings via a launchpad OWNED by the community next chapter of Kaito starts here more details soon

Last year today

🤔 (Does this mean that the penguins live in summer on chain?) #Coinbase #TBA #PENGU

Domahhhh reveals how he made a few hundred K betting on JD Vance becoming VP "His previous VP was named Pence. Thats two letters away from Vance. Trump is obsessed with marketing, he wanted a one syllable name similar to the last name he won with”

Time to play devil's advocate and present the other side of the coin. I do think these points should be mentioned and considered, and I do think they will have an effect on the TGE, so it's just interesting to consider all around. Disclaimer: either way, I will be bidding. 1. Let's be real, the optics are bad. I mean, there's no denying it. It's popular to criticize pumpfun, and honestly, even I've done it plenty. Their practices are seen as mad extractive, they've ran over essentially every partner on their rise to success (Jup, Ray, to name some), the tokenomics that were released earlier today aren't exactly... exciting, and the enormous fundraising figures, especially when paired with the massive revenue "extracted" from the ecosystem, simply scream GREED. 2. Many who have tried to own the entire stack have failed. The startups graveyard is riddled with companies that bit off more than they could chew, and many think this case is no exception. I mean, a launchpad, that's also a DEX, that's also a mobile application, but also a social network? with livestreaming? Taking down Facebook, TikTok??? Not to mention other things on the roadmap. (wallet, stable.. hearing thingz, sauces and all that) And why streaming exactly? That one tech subsector that many tried to conquer and failed, and even the market leader (twitch) has never been profitable? Will throwing money at the problem really change things? 3. Constant declining revenue figures and other key metrics are no joke, even if you try to brush them off as periodic. It's hard to sell people on "real yield coming from real revenue" when that revenue is cut by 75% from peak, the business model is negative sum, and the competition is taking up more mindshare, attention, users, and traders by the day. 4. (Perceived) lack of appetite. $750m in revenue in 18 months $1.3 billion raise... Like, why would the team even care about the token's performance? They've basically cashed out many times over. They can try and grow the business, sure, and chuck obscene amounts of money at high profile streamers or insane integrations, but the token could still underperform, and why should the team care? Yeah, they get tokens, but they also have enough money to pay the team great salaries, bonuses, etc. It's not like they're reliant on $PUMP going to $100 billion to feed their children, right? 5. People aren't loyal to a single platform. I mention graveyards on a previous point, so allow me to borrow the same example: the protocols graveyard is riddled with protocols that thought their brand and user loyalty is a defensible moat. It's not. Especially not in web3. I argued that if $PUMP fails, the entire trenches/launchpad meta will fail. Well, who's to say, really? Will the trenches really be cooked forever if $PUMP fails? Will degens not continue to trench? Will trenchers not continue to seek those elusive 10x/50x/100x plays? People care about making money, not about being loyal to a platform. (btw this goes both ways, looking at you, bonk bulls) 6. $PUMP could do very well, and that still won't mean people will flock back to using pump.fun. I mean, you use bridges all the time, no? Do you own bridge tokens? You use DEX aggregators, but do you own $COW or $1inch? I don't think so. Unless there's a direct link, people can opt to buy the token thinking they want exposure to $PUMP while never touching the app again. 7. Lack of a clear 'main character' aura. Pasternak is... well, Pasternak lol. Bonk and its eco have @theunipcs. Pump... doesn't really have a 'main character' aura. Alon isn't really it, and people mostly are just being racist towards him. Pumpfun is still kind of living off the hype of its main success: Fartcoin. In essence, Fartcoin is the 'main character' for pump.fun. And that doesn't really the troops, now, is it? 8. Airdrop is a fragment of the airdrop say @HyperliquidX handed out, and it (most likely) won't be available on day one, which is admittedly kind of devious. I get that it's ridiculous to bitch and moan over free money raining from the sky, but this is CT after all. This is a valid point that is often brought up in the negative context around pump.fun. 9. The launchpad experience itself, the core feature, has seen practically zero improvements. Other competitors have since shown up, with their own unique take on tokenomics, parameters and features and kind of... Left pump.fun behind. Even marginal improvements seen on bonk are considered quality-of-life improvements that signify an overall desire to improve the core product that many think pump.fun is lacking. 10. Raising $1.3 billion leaves exactly... who to buy? US and UK entities that couldn't somehow bypass geo restrictions? Is that really enough to pump the price when everybody and their mother are 'just itching for that liquid 2x at size babyyyy'? I mean ideally you'd want to create some fomo, some pent-up demand. When was the last time a large pre-sale did well? These are not all the negative points, but I've said plenty. And again, I will be bidding. I just thought it'd be the intellectually honest thing to do to present the counterargument too. The TLDR: REALLY bad optics lukewarm tokenomics airdrop shenanigans high valuation no clarity around who the bidder at TGE is everybody just gunning for that 2x short term trade questionable vertical and horizontal expansion plans

Things I'm interested in today: (07.11.2025) (short version today) - SBET. Direct 10k ETH buy from the foundation at a ~$2500/eth price. Corpo treasuries taking ETH direct from the fdn that would have been market dumped in years' past is awesome. Tom Lee is my dad. - Houses. Literally looking at houses IRL. Crypto made a way for my family to have a better life. I took profits this cycle. Still aggressively exposed for the fun part of the bull, but it's time to secure the castle...and there's some fun news related to that forthcoming. - Fantasy Top. Seems like big things coming next week so I'm gonna look for some hints/leaks/clues the next couple days in anticipation. _________________________________ Let's have a day lads

If Ethereum and Bitcoin were introduced today at the same time, Bitcoin would never have been viable and you wouldn’t even know about it. That’s how behind the technical curve it is. It has first mover advantage which facilitated early institutional investment and adoption. But it’s technically a centralized memecoin My peers know this.