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!

Today I commented in a post on how my recent interactions with some of the Cardano community have been mostly negative lately, with Cardano-people responses getting increasingly emotional and tiresome on X.

Now I'm being targeted by this people in lots of emotional responses and personal attacks. They jumped trying to prove me wrong, but instead are proving me right.

This is surprising to me, btw.
Most of my previous Cardano-related interactions were fairly positive, despite of not liking the project that much, I had relevant respect for its community and have covered/edited plenty of news/data about $ADA on Finbold, most of them from a positive perspective.

Shoutout to @Cerkoryn for keeping the objectivity and respect.

I will start blocking the personal attacks and spam now.

For the DeFi researchers and onchain analysts, here.
Which are the best crypto data platforms or terminals?
Why? What are their advantages and disadvantages?

A few that come to mind:
@tokenterminal @blockworksres @santimentfeed @cryptoquant_com @Dune @artemis

🔓This week, 33 chains will unlock nearly $360M in vested tokens.

Arbitrum leads with $95M worth of 92.65M $ARB.
Metars Genesis will unlock 10M $MRS ($54.90M) for "AI Partnership Funding," representing an 11.9% supply increase. Space ID will unlock $40.83M (+18.3%).

Cardano $ADA and Ethena $ENA are two other relevant projects with cliff unlocks scheduled for the next seven days, with $20.57M (0.1%) and $15.13M (0.4%), respectively.

Really nice tool by @_kaitoai for social insights and networking.
What do your connections look like? 👇
👥https://yaps.kaito.ai/referral/971835230100303873

I was in a wedding this weekend.

Three non-crypto people approached me, asking if I thought this was a good time to buy BTC. One wondered about Saylor's $1M target. The others had a more modest $200k in sight because "a friend told [them]" it would get there.

Watch the signals.

🌐 MultiversX refers to the multiverse concept.
A hypothetical set of all universes comprising all things that exist.

👥 MvX = Maximum scalability + maximum decentralization.

🪙 $EGLD is the MultiversX native token.
It refers to electronic gold (eGold), with a capped 31.4M supply.

🌐 MultiversX refers to the multiverse concept.
A hypothetical set of all universes comprising all things that exist.

MvX = Maximum scalability + maximum decentralization.

🪙 $EGLD is the MultiversX native token.
It refers to electronic gold (eGold), with a capped 31.4M supply.

What is this quantum computing thing all about?
I just returned from a 3-day road trip and couldn't read much about it. Is this a serious threat? FUD? I appreciate the TL;DR.

🇧🇷 Existem mais brasileiros interessados em @MultiversX?

Quero juntar e organizar mais atividades locais no Brasil relacionadas com $EGLD, começando por conhecer mais brasileiros interessados no projeto (curiosos, traders, investidores, desenvolvedores, donos de negócios, prestadores de serviços, entusiastas, etc.)

MultiversX está crescendo mundialmente e já está se estabelecendo com força em algumas regiões, mas eu vejo que as atividades no Brasil estão bem lentas.
Quero mudar isso.

Quem sabe, com mais interessados, podemos ter um @xCitiesEvent em alguma cidade brasileira em breve...

Se você tem qualquer interesse (mesmo que só curiosidade) por MvX, dá um alô aqui nos comentários, na DM, ou entra nesse grupo de Telegram (https://t.co/1qrB6PgF7e) que criei para começar a organizar mais entusiastas.

O grupo ainda está em formação e é um esforço inicial para ver se conseguimos encontrar mais brasileiros com eGold.

Vamos abrir um portal do multiverso no Brasil! 😂

📈📉 $BTC sees massive pump and dump in 24 hours, around $100k.

Bitcoin finally crossed the long-awaited $100,000 mark on December 5, only to quickly lose it in a 24-hour “pump and dump.”

The price action has moved hundreds of billions of dollars up and down within a day, liquidating nearly $500 million.

As things developed, Bitcoin pumped from $98,100 to $104,100, dumped to $91,950, and pumped again above $98,000 – all in 24 hours.

From the new all-time high (ATH) to the pump-and-dump local bottom, BTC moved approximately $240 billion in market cap.

Continue (...)+

To the degens here.
Is there a way I can short XRP in DeFi?
I really don't want to have to buy perps on centralized exchanges.

These mfs are probably invested in the other side of the trade and I'll lose. I don't want to lose to them. I would rather lose my sweat synthetic fake money (USD stablecoins) to other degens having fun with decentralized finance while trying to fight the XRP ascension with my (very) limited resources.

BTC.D - Send it down.
Nature is healing. /lower /more
#altseason