$120,000 for one Bitcoin. You've called for much higher in the past. Uh it's still pretty surreal to to see us hit that milestone over the weekend. Oh, I think it's very exciting um that people are starting to recognize the value of a better currency, a better store of value, more uh honest currency, a currency that keeps perfect records. You know, there were quite a few examples of where um what an old currency was overtaken by a new currency. My dad gave me a million dollar bill and I looked at it and I w ...

Overview - A Central Asian country is conducting a bold experiment in digital currency [1] - The project involves a gold-backed stablecoin issued under government oversight [1] Innovation & Technology - The initiative combines gold, blockchain technology, and government oversight [1] - It represents a test case for the future of finance, potentially rewriting the rules of money [1] Market Focus - The project is taking place in a country where cash is still the dominant form of payment [1]

Ethereum Ecosystem & Strategy - Ethereum community is strong but temporarily demotivated, with confidence that DeFi will dominate global markets on Ethereum [1][13][19] - Ethereum Foundation focuses on interoperability, tooling, and standards to unify the L2 ecosystem, encouraging branding and innovation within individual L2s [7] - Ethereum benefits from the branding, ecosystems, niches, explorations and innovations of different L2s [7] - Ethereum aims to be a DeFi space for all BTC, dilute assets and stablecoins [17] - Ethereum is considered less risky by large institutions due to security efforts and decentralized design [12] Competition & Innovation - Ethereum is actively analyzing competitors like Solana, Sui, and Aptos, focusing on user experience and community building [3][12][13] - Ethereum encourages open conversations and idea exchange with leaders from other protocols to foster partnerships and awareness [13] - Ethereum is exploring settling on Bitcoin, encouraging Bitcoin Layer 2 solutions within the Ethereum ecosystem [16][17] Challenges & Future - User experience in bridging between chains remains a pain point, with improvements primarily seen in testnet environments [9][10] - Ensuring decentralization and privacy solutions are delivered quickly to address challenges from centralized AI is a key concern [20] - Vitalik Buterin remains a pivotal figure, guiding Ethereum's values and direction through public communication [4][14][15]

Game Overview - Valhalla is an NFT metaverse MMORPG built by the Floki team, accessible via browser [2] - The game features turn-based battles, progression, and a $50 million+ economy [2] - Patch 0.35.0 introduces new eras: Horny, Grabber, and Trojan, reshaping combat [4] Gameplay Mechanics - Players bond with Verus, battle companions with elemental identities, who grow and evolve [3][4] - Combat allows move sequencing and mid-turn Verus switching for tactical depth [5] - A new resource system, Essence, is earned through battles and Verus release, used to evolve Verus [5] Economic and Utility Features - Amulets act as evolution anchors, unlocking stronger stats but are destroyed upon switching, creating risk/reward [6] - Healing recovers health over time, even offline, with stronger amulets healing faster [7] - Floki ecosystem NFT avatars (Guitar) can be converted into in-game utility [8] Industry Perspective - Valhalla aims to solve problems plaguing blockchain gaming with balanced combat and player-driven progression [3][9] - The game is backed by over $50 million in committed support for a stable play-to-earn future [2][9]

Key Observations on Bitcoin Treasury Companies - Bitcoin treasury companies are accumulating Bitcoin on their balance sheets, a strategy pioneered by Michael Sailor [1] - Around 130 publicly traded companies have added Bitcoin to their treasuries, and that number keeps growing [4] - These companies raise capital by issuing shares or convertible bonds to buy Bitcoin [5][6] - The stocks of these companies trade like leveraged Bitcoin plays, with prices moving more than Bitcoin's price [10] - Standard Chartered predicts Bitcoin could reach $250,000 by the end of 2025 and $500,000 by 2028 due to this accumulation [26] - Over 3% of the total Bitcoin supply is held by public companies, and could eventually reach one-third [27] Risks and Concerns - These companies are using leverage to fund Bitcoin purchases, which poses a risk [14] - If Bitcoin falls below $9,000, nearly half of these companies could be underwater [16] - Most Bitcoin treasury companies trade at a premium, which may not be sustainable [18][20] - Some companies might take on more aggressive strategies to maintain elevated stock prices [20]

Overview of James Wyn's Crypto Journey - James Wyn rose to fame on Hyperlid before experiencing significant financial losses, highlighting the risks associated with high-leverage crypto trading [1] - Wyn's journey serves as a cautionary tale about the potential for rapid gains to be followed by substantial losses in the crypto market [2] Key Events and Investments - Wyn received $6,000 worth of ETH from Alama Research around 2020 [3] - He made early investments in Pepe when its market cap was $600,000, predicting it would reach a $2 billion market cap [3] - Pepe's value peaked at $11 billion in early 2024, turning Wyn's initial investment into a fortune [4] Trading Activities and Platform Usage - Wyn used Hyperliquid for margin trading, attracted by its high-speed Hyper EVM tech, deep liquidity, and low fees [6] - He accumulated $465 million in profits in under two months on Hyperliquid [7] - Analysts estimated Wyn paid $231 million in trading fees on Hyperliquid [8] Losses and Market Manipulation Allegations - Wyn lost over $99 million in one week due to Bitcoin's price dip [11] - He opened a $114 billion long position on 10,200 BTC with 40x leverage [9] - There were allegations of market manipulation surrounding Wyn's trading activities [12] Final Takeaways - James Wyn's story illustrates the dangers of overleveraged and emotion-fueled trading in the crypto market [15] - The industry views his saga as a cautionary tale rather than a heroic one, emphasizing the importance of discipline in trading [15][16]

Marketing & Promotion - Cointelegraph promotes its merchandise with a 30% discount using the code HODLERSDIGEST30 [1] - Cointelegraph encourages users to subscribe to its content on various platforms [1] Content Focus - Cointelegraph covers Bitcoin news, prices, breakthroughs, and analysis [1] - The platform emphasizes expert opinion and commentary from the digital currency community [1] Platform Presence - Cointelegraph maintains a presence on multiple social media platforms including Telegram, Facebook, and Twitter [1] - Cointelegraph's website is accessible at cointelegraphcom [1]

#Bitcoin #crypto #news Follow COINTELEGRAPH: Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegraph Twitter: https://twitter.com/cointelegraph Mobile app: https://linktr.ee/cointelegraph_mobile Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community. ...

Good afternoon. Welcome back to the proof of talk live stream. My name is Gareth Jenson.I'm the managing uh I'm the head of multimedia. I used to be the managing editor at Cointelegraph. We've been live streaming all day.So, as you can hear, my brain is fried, but I'm very excited to have this conversation. Um, if you are joining us uh on the X uh live stream or the YouTube live stream, please do go ahead and drop your comments or questions. We are talking to Michael Healey who is the co-founder of Unit Net ...

wasn't the last conversation that we're having of day one. Uh it's been fantastic day here in Paris. Uh Cointelegraph obviously doing a live stream in partnership with Proof of Talk and I'm now joined by Aayen Chen from Trust Wallet.Awen, it's great to chat to you again. Um I've had the pleasure quite a few times in my career. Um first of all, how are you enjoying Paris. How are you enjoying the event.Oh, I love Paris. I think it's beautiful weather, beautiful environment, and then people are intellectually ...