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My list of expected narratives for May 2025 did not include the entire timeline turning on Bonk Guy
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beast_ico
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So now I've seen governance proposals floated from two major alts of cycles past about selling the native token held in treasury to acquire BTC I don't care all that much about the Cardano proposal...and frankly there's like 17 people in the world that have actually used ADA before, so they probably also don't care, but I am a lot more curious about the Polkadot proposal. ~500k DOT being put up for tBTC acquisition. It's really not a ton in the grand scheme of things...like what $2m? From a pragmatism standpoint, I can see a scenario where they want to use it to farm DeFi yield and beef up the treasury some more, and that's better than idle coins. It would also make sense to highlight their flagship DeFi protocol in Hydration. At the same time, if foundations are starting to liquidate treasury tokens for BTC, will that cause concern or delight for stakeholders in their ecosystems? I'm really not sure. If it was a treasury that got returned to holders eventually (like crypto treasury companies) that might be more palatable, but when the native token holders don't have any claim on the treasury, I'm undecided what the outcome would be. At the end of the day it's mostly a wash because $2m isn't a large portion of the warchest for these size chains, but still interesting to see more discussion on the topic.
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HyperCore/HyperEVM parallelism is probably the most interesting tech development (and subsequently highest potential for extreme upside) we’ve had in crypto in a long time. The composability provides previously impossible money legos for building “cool sht” And basically nobody knows what any of this means. So much more than a perp dex
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imo it's probably the most extreme midwit take you can possibly have to celebrate pfun being banned or blame it for "extraction" or any number of the other hilariously bad takes I've seen today pfun is a tool for using onchain...nobody is forced to use it...if people want to get rinsed by MEV bots and snipers and bundlers...let them? if it wasn't pfun, it would be something else...and pre-pfun the entire thing was just full of actual LP rugs
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After leading hundreds of thousands of young men to the slaughter on MLG coin it seems everyone's least favorite LA influencer is back with an undisclosed shill for a crypto casino?
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Looks like we're going to get to answer the age old question: "Can a crypto project sustain a $4bn ICO valuation if their X account doesn't exist?"
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