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X @Ignas | DeFi
Ignas | DeFi· 2025-08-22 20:18
The progress crypto industry did this cycle is incredible:• Launched spot BTC & ETH ETFs in the US and globally (Hong Kong, Brazil, Australia)• Lobbied a pro-crypto position in the US. Ousted crypto critics.• Passed GENIUS Act, FIT21 and ended SAB-121• Payments players (PayPal, Stripe, Visa, Mastercard) integrated crypto and stablecoins• Robinhood is building an Ethereum L2• Blockchains scale: Ethereum throughput up, L2 fees at cents, Solana more stable & faster• Circle IPO’dLast cycle was NFTs and DeFi sum ...
X @Ignas | DeFi
Ignas | DeFi· 2025-08-22 14:15
$ETH pumping harder than most altcoins.$ETH wants an ATH ASAP.Send it. ...
X @Ignas | DeFi
Ignas | DeFi· 2025-08-22 14:13
$ETH pumping harder than most altcoins.$ETH wants and ATH ASAP.Send it. ...
X @Ignas | DeFi
Ignas | DeFi· 2025-08-22 13:07
Company Strategy - SharpLink's board authorizes a $1500 million (1.5 billion) stock buyback program [1] - If SharpLink's stock ($SBET) trades below mNAV, the company could sell its ETH holdings to fund buybacks [1] Financial Status - SharpLink is not currently selling its ETH holdings [1]
X @Ignas | DeFi
Ignas | DeFi· 2025-08-22 12:23
BTCS Tokenomics Strategy - BTCS implements a "stake-to-earn" campaign, paying dividends in ETH to address mNAV trading below 1 [1] - The "Bividend" offers $0.40/share in ETH, approximately a 93% yield at a $43 share price [1] - Step 1 involves a $005/share ETH Bividend for new buyers, incentivizing immediate purchase [1][4] - Step 2 includes a $035/share Loyalty Payment, requiring shareholders to hold shares with a 'transfer agent' until January 26, 2026 [4] Purpose of Transfer Agent - The transfer agent functions as a staking contract, removing shares from the circulating supply [2] - The official goal is to "protect against market manipulation" by preventing lending to short sellers [2] - The strategy also aims to promote crypto adoption [2] ETH Source and Market Reaction - ETH for dividends comes from BTCS's treasury, holding 70140 ETH valued at $300 million [2] - BTCS initially experienced a price pump upon the announcement, but retraced the gains a day later [2] - The strategy's effectiveness is questionable, as the initial pump was short-lived [2] Industry Implication - BTCS's tokenomic games illustrate potential strategies for DATs when mNAV is less than 1 [3]
X @Ignas | DeFi
Ignas | DeFi· 2025-08-22 10:34
Digital Euro & Blockchain - EU is considering a stablecoin on a public blockchain instead of a CBDC [1] - Ethereum (ETH) or Solana (SOL) are potential blockchain candidates [2] - A euro stablecoin backed by a state actor changes the landscape compared to private stablecoins like Tether & Circle [1] Implications for Blockchain Networks - Launching a digital euro on Ethereum or Solana would transform them into critical financial infrastructure [1] - Currently neutral chains, ETH & SOL would require Europe to actively secure and develop them [1] - Europe would need to run validators, stake at scale, secure the network, and contribute to resilience via public funding [2] Global Competition - The EU's move could trigger a global race for ETH/SOL if other countries like China and Japan launch their own stablecoins on public chains [1] Regulatory Context - The "Genius Act" influenced EU officials to rethink plans for the digital euro [2]
X @Ignas | DeFi
Ignas | DeFi· 2025-08-22 10:06
Plasma's $XPL is trading at 10x the initial public sale valuation on Hyperliquid.Traders are paying a 1,200% APY to go long on it at the current $5.1B valuation!We're so back. https://t.co/tbj1K2rguU ...
X @Ignas | DeFi
Ignas | DeFi· 2025-08-22 04:56
Digital Currency Landscape - The EU's digital euro, in its anticipated private form, is expected to resemble the Chinese central bank's token more than the approaches of private companies in the US [1] Geopolitical Comparison - The comparison highlights a potential divergence in digital currency strategies between the EU, China, and the US [1]
X @Ignas | DeFi
Ignas | DeFi· 2025-08-22 04:55
Regulatory Landscape - The EU is reportedly reconsidering its plans for a central bank digital currency (CBDC) [1] - This reconsideration is linked to the passage of the "Genius Act" [1] Potential Technology Shift - The EU is considering a stablecoin on a public blockchain as an alternative to a CBDC [1] - Ethereum or Solana are mentioned as potential blockchain platforms [1]