In life (and in crypto) there are two type of kids:
1. The ones who enjoy building and watching sand castles;
2. The ones who enjoy destroying them.

Both are so easily recognizable.
Be more like the first group and stay away of the second.

There has been some confusion on the recently announced @Pell_Network <> @HatomProtocol partnership; which is now clearer, after contacting both teams.

The Confusion

According to Hatom's announcement:
💬"Through this collaboration, sEGLD will become the exclusive asset in Pell’s upcoming restaking protocol."

Pell also mentioned an "exclusive parnetship."

Some developers, community members, and users, like myself, misunderstood that it would mean Pell Network would only implement sEGLD in its ReStaking protocol, preventing other Liquid Staking Derivatives (LSDs) to join the network.

Some of these other EGLD LSDs are
xEGLD, LEGLD, vEGLD, and JWEGLD.

The Explanation

With that in mind (and a bit concerned) I contacted the Pell Network and got a straight-up answer from one of its representatives on Discord, through a ticket.

According to the team, the mentioned exclusivity is only regarding a ReStaking implemention that will happen on Hatom, fruit of the announced partnership.

Hatom will have some new features that use Pell Network's ReStaking solution added to the platform and this is what will exclusively add sEGLD.

The Pell Network team remains open to implement and support other EGLD Liquid Staking protocols in the future, with no exclusivity in this broader sense.

💬"Pell Network remains open to integrating EGLD restaking across other platforms and protocols in the future. The term "exclusive" in this case applies to the fact that sEGLD will be the designated asset in Pell's upcoming restaking protocol related to our partnership with Hatom, but this does not restrict us from supporting other EGLD LSDs."
- Pell Network Team Representative

Big congratulations to both teams on setting this partnership and pushing the ecosystem forward! Big things are coming.

Is Ross Ulbricht (@RealRossU) free already?

$TRUMP is down.
$MELANIA is up, but not much.

Am I being too optimistic in thinking that this Inauguration grift will finally make people to understand that we don’t need politicians’ blessing to build a decentralized economy?

Now, let’s focus again on what matters, please.🙏🏼

⚠️ Massive unlock for Ondo Finance today!

The protocol will unlock 1.94 billion $ONDO in the next seven hours from vesting contracts, worth $2.48 billion at current prices.

This will increase Ondo Finance's circulating supply by 134.21%.

So far, only 14% of the 10 billion ONDO supply are circulating. This was achieved with a 1.43bn unlock one year ago, plus 54,410 ONDO daily unlocks.

+👇

Bitcoin dominance again showing signs of weakness.
I can only say that BTC.D is long overdue a crash.

Overall, I'm really surprised on how Bitcoin managed to remain strong against altcoins, so far. But I don't think it's sustainable.

Sub-50% dominance is inevitable, in my opinion, and we could see even lower by the end of this cycle (maybe ~33%?). I'm hoping we can have some nice action this weekend.

How much longer can the market remains that irrational?

I fixed @BBC title on Spain plans to tax by 100% homes bought by non-EU residents to "Spain plans to ban home acquisitions by non-EU residents."

Because this is effectively what such abusive tax policies do. They are made to ban things from happening through extortion. Criminal.

People often say they want to "make it" with crypto.
Or a few like to brag that they have "made it" with crypto.

In your opinion, what does "to maket it" means?

For me, "to make it" is to be able to often use a decentralized, safe, and efficient system to do my finance transactions universally, with freedom and self-custody.

Also, in an infrastructure that can reliably scale with demand as millions of users are onboarded, without ditching the decentralization, security, and efficiency while scaling.

Have you "made it"?
I'm really close to "make it."

"Move away of the EVM we must," Yoda in a parallel universe.

Cointelegraph is NOT the original source of this data. This was from an exclusive report published by Finbold, that Cointelegraph made sure to edit and crop the image to hide the original source. The post on X was community noted and I shared the links there, proving it.

What kind of content would you like to see more from me?

1. Project Reviews and Fundamental Analyses
2. Educative Material (like my recent USH video)
3. Demo of Crypto Use Cases
4. Onchain Metrics & Analyses
5. Price Talk and Technical Analyses
6. Newsletters & News Reporting
7. Interviews & Discussions/Debates
8. Libertarian & Agorist Discussions
9. Something else...

Comment below. 👇

Every big account on C𝕏 is calling for a market top.
I say this is possibly one of the strongest signals that we could have reached this cycle's bottom, but I have been wrong (many times) before. So, what do I know...?

*I have also been right (many times) before. Crazy, right?

🩸Long position traders lost over $630M to liquidations in 24 hours.

This out of $711M total liquidation, with bulls massively dominating the losses during this market crash. Crazy stuff.

Interestingly, "Others" dominated the liquidations, beating $ETH and $BTC. If I had to guess, I would guess that this is caused mostly by AI-related tokens and memecoins.

Remembering that Binance and other markets recently listed Futures trading for AI cryptocurrencies like AI16Z, FARTCOIN, and ZEREBRO.

Coincidence? I don't think so.
These coins (highly experimental and primarily speculative) were far overbought, in my opinion, with people FOMOing into them.

What do you think?

Market clean-ups are needed for a more sustainable ecosystem.

The USH Staking Hub already has $9M in Total Value Locked after its Private Mainnet launch yesterday.

USH is an overcollateralized stablecoin (similar to DAI), built on MultiversX.

For now, only whitelisted addresses can interact with the contract as Hatom Labs (@HatomProtocol) prepares for the official launch on the Public Mainnet, expected in the next few days, according to Oussa, Hatom's CMO, on Telegram:

💬"It’s just a matter of a few days now—just a bit more patience."

In the meantime, Robert already dropped some alpha on Hatom's Telegram group, reminding people on what the USH launch could bring to the $EGLD ecosystem.

💬"More liquidity, more LPs to farm, more opportunities to arbitrage (USH, sEGLD), USH Staking Module and we will make sure that USH will be integrated in every corner of the ecosystem so the demand is there."

Hatom's token will likely also benefit from the launch, as some rewards will be distributed in $HTM that the protocol will buy-back from the market, generating demand pressure, instead of relying solely on token issuance/unlocking.

I'm surely looking forward to this launch and what else it will bring.

eco/acc

Today is the Proof-of-Keys Day! 🔑

A day to remind crypto users that “not your key, not your coins.”
A day where all crypto owners are encouraged to withdraw anything they have in third-party custody to a self-custody wallet.

This helps to keep custodial services honest with their reserves, preventing, for example, these custodians are using your money in short operations or high-risk yield applications (see FTX).

So, if you have ANY crypto in somebody else’s custody, now is the day to make something different and learn how to securely move it to self-custody.

Do it now.
Happy January 3rd!
Happy Proof-of-Keys Day!

Solana is one of the most extractive and predatory chains I know of.

And I'm not only talking about the PvP madness while trading memecoins, with players trying to rug pull each other before being rug pulled themselves.

I'm talking about Maximal Extractable Value (MEV)-abuse.
Which is validators intentionally extracting liquidity from users.

Due to its design, running a Solana validator node is extremely expensive and, usually, receiving the staking rewards through linear SOL issuance plus base fees is not enough to pay for the infrastructure costs.

To keep things going, some validators rely on The Solana Foundation Delegation Program. A subsidy paid by the Foundation to whitelisted validators, to help pay the costs and keep everything running.

Others, however, have developed MEV tactics.

Some with a (very) questionable morality, like the Sandwich Attacks, front running users' swaps, abusing of their privilege position as mempool runners, block builders and/or transaction proposers.

Solana also has a high ratio of failed transactions.

Each time a transaction fails, users need to pay the respective fees over and over again, because even failed transactions cost fees distributed to the validators who failed to do their job and validate these transactions.

Crazy, right? This design effectively encourages validators to fail into validating transactions as a MEV tactic, because it means more fees paid from the same users while trying to do some basic operations that would've worked flawlessly and inexpensively in most other chains.

And we are just scratching the surface here.
What other predatory and extractable activities you know from Solana?

As 2024 comes to an end, $EGLD is about to test this support zone (that is becoming a support line) again. At the same time, it has just found another rejection on the 4H 50-EMA, using this indicator as resistance.

Each new up and down retest puts MultiversX's native token in a tighter range that could break out at any moment, either up or down.

The main demand pressure currently lies around $33.25 at the support zone higher edge, but price could go as low as $29.75 while still respecting this liquidity formation.

The main supply pressure is following the 50-period exponential moving average, now at $35. There are significant selling walls around $37.5, $47,5, and $51.40, which is the point where EGLD crossed the 50-EMA to the downside on December 9.

Looking at the Relative Strength Index (RSI), momentum is still neutral, but trending in the bullish direction, making higher lows, currently at 46.6.

This suggests an upside breakout once the trading bots get tired of playing this tighter range. Nevertheless, anything can happen, as usual.

EGLD is trading at $33.75 right now and I'm loading up.
#EGLDSqueeze

- NFA, just entertainment.
Cryptocurrencies are fairly unpredictable.

DYOR and happy new year!