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Mad Lukas
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Few people know this: one of the best tools to recognize when we’re inside an altcoin season is network revenue across Layer 1s. Looking at the chart, here are some key takeaways: • March 2024 and January 2025 marked all-time highs in network revenue, which also lined up with temporary market tops in the short term. This shows how bull market phases are synchronized with massive user activity that drives huge fee revenue. • In March 2024, Ethereum dominated network revenue. • In January 2025, Solana was the clear leader. ⚡ Current stage (Sep 2025): • No blockchain has shown clear dominance in revenue. • The market as a whole hasn’t broken out in network revenue like in late 2023 or late 2024. • Revenue trends across chains are mostly flat, resembling a bear market phase. 💡 Hypothesis: • The real altcoin wave hasn’t started yet — it’s not big enough to trigger market-wide FOMO. • There’s no strong trend or narrative to capture retail attention and drive explosive activity on any specific chain. Image source: Bigcoin #AltcoinMarketRecovery #AltSeasonComing
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There is currently a large-scale supply chain attack targeting the JavaScript ecosystem. The NPM account of a reputable developer was compromised, allowing malicious code to be inserted into packages that have already been downloaded over 1 billion times. This means countless applications and projects may be affected. The malicious code works by silently replacing crypto wallet addresses during transactions to steal funds. Users of hardware wallets remain safe as long as they carefully verify the address before signing each transaction. However, users of software wallets are strongly advised to avoid making on-chain transactions for now to reduce the risk. In short: this is one of the most dangerous attacks because it originates from the infrastructure layer (NPM packages) and can spread across millions of projects. Crypto users should stay highly vigilant, double-check every transaction, and minimize activity until more clarity is provided. #HackerAlert #MaliciousCode
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Anton Kobyakov – Special Advisor to President Putin: • He argues that the US is “changing the rules of the game” in the gold and crypto markets because of its massive public debt ($35 trillion). • As trust in the US dollar declines, America will try to shift the financial burden to the rest of the world, just as it did in the 1930s and 1970s. • He describes how the US could move public debt into the “crypto cloud.” By issuing part of it as stablecoins, the US could devalue that debt and then reset from scratch. Kobyakov believes the US may use crypto and stablecoins as tools to handle its enormous national debt by: 1. “Packaging” debt into digital assets. 2. Using volatility or issuance mechanisms to reduce its real value. 3. Effectively “erasing” debt without fully repaying creditors. US Treasury Secretary Scott Bessent has admitted that America could issue/repay bonds in stablecoin – one reason they are interested in supporting this space. Trump himself has openly said he would use crypto to wipe out US national debt. This reflects a popular “economic conspiracy theory”: that the US might leverage crypto/stablecoins to transform debt, devalue it, and reset the global financial system – instead of paying it back directly. #CryptoNews #stablecoin #USDebtCrisis
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Sonic Labs’ $150M Leap Into Wall Street 🚀 Sonic Labs has secured near-unanimous governance approval for a $150M expansion into US capital markets — a move designed to bring DeFi closer to Wall Street. • Nasdaq PIPE: $100M allocated to a Private Investment in Public Equity (PIPE), locking tokens for 3 years. • S Token ETF: $50M in liquidity seeded to launch a regulated ETF. • Sonic USA LLC: New entity formed to ensure compliance and foster partnerships. • BitGo Custody: Institutional-grade security to attract big money. • Deflationary Tokenomics: Gas fee burns added to support $S value. Why it matters? This initiative could bridge DeFi and TradFi, boost adoption of the Sonic blockchain, and reshape the long-term narrative for $S. Wall Street doors are opening — and Sonic is walking right in. 🔑 #SonicLabs #Sonic
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SOL Strategies Listed on Nasdaq under Ticker $STKE SOL Strategies has officially listed its shares on Nasdaq under the ticker STKE, marking a major milestone after nearly a year of restructuring and navigating legal processes. The company was formerly Cypherpunk Holdings (based in Canada) and rebranded in 2024 under the leadership of Leah Wald (former CEO of Valkyrie). Business Model & Operations: • Transitioned from a passive treasury to a full validator operation on the Solana network. • Acquired nodes from Orangefin, Cogent Crypto, and Laine. • Runs validator infrastructure for Pudgy Penguins and Solana Mobile. • Holds around $90 million in SOL, compared to over $380 million by the largest Solana-native DATs. Benefits of Listing 1. Access to U.S. markets – removing the biggest barrier to growth. 2. Enhanced fundraising capability – attracting both institutional and retail investors. 3. Strengthened credibility – moving beyond its previously limited presence in Canada. Ecosystem Impact: • Nearly all Solana-native DATs are now listed on Nasdaq (except BIT Mining, which trades on NYSE). • Sends a warning to traditional treasuries that only hold coins without staking. • Reinforces the trend of Solana-native DATs leveraging staking to generate yield and deepen ecosystem integration. #Solana $SOL #SolStrategies
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