Facing the potential threat of quantum computers to blockchain security in the future, Solana and Aptos have begun preparing to protect their networks.
Solana is partnering with security firm Project Eleven to deploy a testnet using quantum-resistant signatures to test secure transactions without impacting the network.
Aptos is proposing an optional quantum-resistant signature for users requiring higher security while maintaining the existing system.
Although quantum computers are still far from powerful enough to disrupt blockchains, major blockchains are proactively preparing early to avoid being caught off guard later.
THE TRUTH ABOUT YEN CARRY TRADE IN THE CURRENT CONTEXT
🔸 With the Bank of Japan signaling a potential interest rate hike this week, concerns about the yen carry trade have resurfaced.
🔸 Yields on 10-year Japanese government bonds are at their highest level in 18 years, yet the yen remains weak. This suggests that the carry trade persists. While JP Morgan estimates that over 50% of the yen carry trade closed last year, some analysts believe that approximately $500 billion of yen-backed carry trade still exist
🔸 The yen carry trade is a strategy of borrowing yen at low interest rates during periods when Japan maintains low interest rates, then investing in higher-yielding assets such as US stocks, emerging markets, and cryptocurrencies. As Japanese bonds pay higher yields than before, capital is no longer forced to flow overseas in search of higher return
🔸 It's true that Japanese interest rates remain significantly lower than those in the US, so the likelihood of a widespread carry trade liquidation is low. However, the real risk lies in the decrease in demand for US bonds, forcing US bond yields to remain higher to remain competitive, thereby putting pressure on interest rates across the marke
🔸 Currently, the US 10-year yield is around 4.18%, much higher than the Japanese 10-year yield of around 1.96%. But when using a yen carry trade strategy, institutions must manage USD/JPY exchange rate risk, meaning they must hedge foreign exchange at a high cost, possibly around 2% per year, plus the risk of the Fed continuing to cut interest rates. After deducting hedging costs, the real yield is no longer attractiv
🔸 If the Bank of Japan raises interest rates more aggressively, the cost of borrowing yen will increase, and investors may rush to liquidate their positions. This week's interest rate hike was anticipated by the market, but the key factor remains the BOJ Governor's tone regarding further rate increases. Coupled with news that the BOJ is preparing to sell its previously accumulated ETF holdings, this is making investors more cautiou
According to Glassnode, Bitcoin whales have accumulated approximately $54,000 more $BTC BTC in the past week, worth around $4.8 billion, bringing their total holdings to approximately $3.575 million BTC.
🔸 Caroline Pham, Acting Chairwoman of the CFTC and a crypto-friendly figure, will join MoonPay as Chief Legal and Administrative Officer.
🔸 She will be responsible for legal strategy, policy, and working directly with Washington on crypto regulation.
🔸 This move comes as her successor at the CFTC, crypto lawyer Mike Selig, prepares for Senate confirmation.
🔸 During her time leading the CFTC, Caroline Pham promoted numerous crypto-friendly policies, supporting spot trading, the use of $BTC $ETH , and USDC as collateral, and sandbox and tokenization programs.
1. BOJ shock and impact on the market BOJ signals interest rate hike → Carry trade is squeezed → large-scale deleveraging wave. This breaks the fragile stability after Thanksgiving. Crypto, which is heavily dependent on global liquidity, suffers negative reactions: BTC falls rapidly due to thin liquidity, lack of order book depth. Gold rises, showing that BTC is still not a safe haven asset when systemic risks appear.
2. Situation before the shock The market is in a state of improvement: BTC from mid-80k → low-90k. Both retail and institutions start buying again. But BOJ's hawkish signal immediately reverses sentiment.
3. Market structure: bad in sentiment but good in technique Sentiment is still weak, lacking new narrative. However, the market data is showing a very healthy reset: Basis BTC/ETH to cycle lows. Funding rate neutral/negative for the first time since October. Open Interest perp dropped sharply from 230bn → 135bn (leverage washed out). Spot accounts for the majority of volume, absorbing selling pressure well despite the holiday. ✦ This is a typical set of conditions before a consolidation phase, if the macro environment stabilizes again.
4. Cash flow is still completely dominated by macro High beta groups (AI, DePIN, Gaming, L2s) led the decline. L1s and GMCI-30 held their prices better, but were still caught up in the general trend. Narrative altcoins continue to be an “exit liquidity” opportunity as new cash flows prioritize majors (BTC/ETH) first.
“History shows that hitting such lows often precedes powerful Bitcoin rallies, simply because the liquidity required to fuel a price surge is now fully available on the exchange.”
STRATEGY ANNOUNCES $1.44 BILLION RESERVE FUND AND UPDATES FY 2025 GUIDANCE
🔸 Strategy Inc has created a $1.44 billion reserve fund to ensure it can pay dividends and interest for at least 12 months and they plan to increase this fund to cover 24 months.
🔸 They are holding 650,000 BTC or about 3.1% of the total BTC supply and the USD Reserve fund helps them weather short-term volatility to continue paying interest and dividends without selling BTC.
🔸 Their total debt is around $8.21 billion in 2025 and interest payments are around $800 million per year showing that the value of their BTC holdings is much larger than the debt
🔸 Due to the recent drop in BTC prices they have updated their 2025 projection and now expect BTC to end the year in the $85,000 to $110,000 range.
🔸 If BTC stays in this range, 2025 results could look like this ➤ Operating profit — from negative $7 billion to positive $9.5 billion ➤ Net income — from negative $5.5 billion to positive $6.3 billion ➤ EPS — from negative $17 to positive $19
🔸 Bitcoin 2025 target ➤ BTC yield — 22 percent to 26 percent meaning the amount of BTC per share they expect to increase by raising capital and buying new BTC ➤ BTC gains — $8.4 billion to $12.8 billion meaning the amount they expect to increase if BTC stays in the target price range
🔸 They can continue to issue shares and buy more BTC to reach these targets.
FEDUL ÎNCHIDE OFICIAL "SUPTUL DE SÂNGE" (QT) ÎNCEPÂND CU 1/12/2025
Luni viitoare, FED-ul va pune capăt politicii de Întărire Cantitativă (QT). Acesta este cel mai important semnal macro în acest moment.
Impactul direct al încheierii QT:
- Oprirea vânzării de obligațiuni: Presiunea de a retrage lichidități din sistemul bancar se va încheia.
- Lichiditatea se recuperează: Fluxul de numerar nu mai este restricționat, creând un mediu favorabil pentru activele riscante (Crypto, Titluri de valoare) să se dezvolte.
- Activarea Riscului: Frica este îndepărtată, deschizând calea pentru creșterea de la sfârșitul anului.
👉 Supapa de jos s-a închis. Deși nu se pompează bani (QE) imediat, oprirea retragerilor este suficientă pentru ca Taurii să revină cu încredere în cursă.
Dezvăluirea token-ului în decembrie: Dec 1 - $EIGEN: $25.3M Dec 1 - $SUI: $83.2M Dec 10 - $ME: $118.1M Dec 12 - $APT: $23.4M Dec 14 - $IP: $126.6M Dec 15 - $ARB: $19.9M Dec 17 - $PENGU: $284.4M Dec 19 - $ZRO: $31.7M Dec 29 - $OP: $10.5M
Visa a colaborat cu Aquanow pentru a utiliza stablecoins (cum ar fi USDC) pentru a procesa plăți în Europa de Est, Orientul Mijlociu și Africa. Obiectivul este de a reduce costurile, de a scurta transferurile internaționale de bani și de a permite plăți 24/7, în loc de a trece prin intermediari bancari multipli.
Stablecoins nu mai sunt folosite doar în criptomonede, ci sunt din ce în ce mai mult adoptate de instituții financiare tradiționale. De exemplu, Deutsche Börse (o bursă majoră germană) se pregătește, de asemenea, să integreze stablecoins în euro în sistemele sale de custodie și de decontare. În timp ce autoritățile de reglementare discută în continuare reglementările, tendința generală este clară: stablecoins devin o soluție modernă de plată, cu organizații mari precum Visa care promovează adoptarea.
Tom Lee believes that the current decline is nearing a bottom, especially with Ethereum, which could bottom out this week or in the next few days.
Tom predicts that the market will bounce in a V-shape thanks to increased liquidity after the US government shutdown ends and the FED becomes more dovish with the possibility of a new Chairman. According to Tom, this will push prices up sharply until the end of January, with ETH possibly reaching $7,000 to $9,000 and Bitcoin surpassing its ATH.
The 4-year cycle of Crypto has changed – and those who do not adapt will be left behind
In the past, crypto ran according to the plan: halving → pump → FOMO → crash → hibernation. A 4-year cycle was predictable. But the world has now turned a new page. Bitcoin is no longer just “digital gold”, Crypto has expanded into a parallel financial system: stablecoins, tokenization, DeFi, digital identity, prediction markets, DePIN, decentralized AI… and large organizations jumped in as a lever to completely change the market rhythm.
The biggest difference? The cycle is no longer simply driven by halving – it is dominated by global liquidity and institutional money flow.
US ETFs reach a volume of 10–12B USD/day; this is not a game of experience or emotions, but a long-term strategy accumulation machine. Tether pumps liquidity, USDC inflow increases sharply every time the price turns red. Whales borrow ETH to pump the price and then collect it. Order books are still thick, institutions have not left the table. Hashprice has bottomed – a classic signal before big bounces after miner capitulation. ETF Realized Price around 79–80k is the area that institutional capital always protects.
So the recent dumps are not “cycle end”, but a process of reset – redistribution – cleaning leverage, exactly like the phases of 2016 or 2020, but on a much larger scale.
Crypto today no longer lives on retail sentiment. It lives on cash flow, data and strategies of national and corporate players. The 4-year cycle is not gone – it just evolved into a new complex cycle: driven by liquidity structure, by ETFs, by RWAs, by stablecoin flow, by privacy and on-chain AI.
Când Farside raportează un flux de numerar ETF negativ (-) de 254 milioane de dolari, înseamnă că Participanții Autorizați (AP) au răscumpărat acțiuni ETF de la BlackRock, nu că 254 milioane de dolari în Bitcoin au fost vânduți în aceeași zi. Când investitorii vând IBIT, ei primesc bani imediat de la un cumpărător de pe bursă, cum ar fi un alt investitor, un fond, un market maker sau un AP precum JPMorgan. BlackRock nu este implicat în tranzacție.
După ce vând sau cumpără acțiuni IBIT, un market maker sau AP poate alege să: - păstreze acțiunile în inventar pentru a aștepta un alt cumpărător - sau să răscumpere acțiunile pentru Bitcoin de la BlackRock
Dacă aleg să răscumpere acțiunile, este această tranzacție de schimb care creează numărul de "ieșire" pe care îl vedem pe Farside.
Din cauza acestui mecanism, cifrele zilnice de intrare și ieșire nu reflectă cu exactitate volumul zilnic de tranzacționare IBIT. Acestea sunt doar cifre de creare sau răscumpărare de acțiuni noi, care pot apărea mai târziu sau în loturi. În zilele cu FOMO sau panică puternică, aceste numere tind să fie mai aproape de comportamentul real de cumpărare și vânzare.
Când AP primesc BTC de la BlackRock, dacă vor numerar, AP-urile vând BTC singure pe OTC, nu BlackRock. Așadar, ETF-urile rareori au un impact direct asupra prețurilor spot, cu excepția cazului în care oferta OTC se epuizează. De aceea, este important să urmărim fluxurile de numerar pe parcursul mai multor săptămâni, mai degrabă decât doar o zi, pentru a obține o imagine reală despre cum se comportă un ETF.
VanEck has just launched a Solana ETF called VSOL.
This ETF allows investors to hold SOL and receive staking rewards. VanEck is waiving all management fees for the first $1 billion or until February 17, 2026, and staking service providers are also waiving fees during this time.
Ethereum has just launched Kohaku, the largest privacy toolkit ever, to help users transact on the blockchain without revealing personal information. Vitalik Buterin said Ethereum is in the “final stages” of perfecting privacy, as user data is still too easily tracked.
Kohaku is a toolkit that helps wallets like MetaMask or Rainbow to be anonymous by default. It creates temporary addresses for sending and receiving funds, separating transactions from the main wallet, so others cannot track onchain history and identity.
Kohaku allows anonymity by default, but if needed (e.g., audits, legal), users can self-enable information disclosure.
This approach both protects users and suits the needs of financial institutions when using blockchain.
Tendința de confidențialitate nu mai este o „opțiune”, devine noul standard, iar un proiect de confidențialitate pregătit pentru TGE - Zama, este liderul în domeniu cu tehnologia FHE
Zama construiește Protocolul Blockchain Confidențial folosind mecanismul de ardere și mint: ♻️ Utilizatorul plătește → ardere ♻️ Operatorii securizează rețeaua → mint $ZAMA
Tarife clare, fixe on-chain în USD: • Criptare: $0.005–$0.50 • Citire solduri private: $0.001–$0.10 • Mutare active confidențiale: $0.01–$1 ⚡ Utilizatorii intensivi primesc până la 100x reducere – standard pentru aplicații mari.
Rolurile nodurilor: • Coprocesoare FHE → recompense mari • Noduri KMS → ușoare, stabile Oricine deține $ZAMA poate delega miză.
💥 Dacă doar 10% din cripto devine privat, Zama ar putea genera $1B+ în taxe/an.
Aceasta nu este o tendință. Aceasta este infrastructura de bază pentru era „confidențialitate prin default”. #zec #DASH
While the market is covered in red, Privacy projects are still very green with the lead of $ZEC When everyone wants privacy, this is the time for privacy coins to shine. Rewards for those who believe
Cryptomen8686
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$ZEC conduce cu o capitalizare de piață de 7,6 miliarde de dolari — regele monedelor de confidențialitate. $LTC (6,6 miliarde de dolari) și $XMR (6,3 miliarde de dolari) se mențin puternic, dar balenele par să parieze clar pe ZEC pentru a conduce acest ciclu.
Ca de obicei — când ZEC se mișcă, $DASH și $ZEN urmează. Confidențialitatea nu este moartă. Doar că abia începe din nou. 🧠⚡
$DYDX OFFICIALLY USES 75% OF PROTOCOL FEES TO BUY BACK TOKEN!
Foundation has just announced: the dYdX community has voted to allocate 75% of protocol revenue to buyback $DYDX on the open market. ➡️Effective immediately. Additionally: 5% of protocol fees will go to Treasury SubDAO The remaining 5% will go to MegaVault This move clearly demonstrates the strategy of increasing the long-term value of the token and strengthening the financial strength of the dYdX ecosystem
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