It’s All About Crypto Blog
Is ETH a Commodity or a Security? The Market Has Decided
Yesterday at Token2049, there was a panel discussion titled "Ethereum’s Existential Crisis" - and one part of the conversation really stood out to me. Over the past few months, Ethereum’s core developers have dramatically shifted their priorities. They've announced plans to increase L1 throughput 10x over the next two years, and 100x over the next four. This pivot is largely driven...
Bitcoin Uses 0.54% of Global Energy - What About Banks?
The Cambridge Digital Mining Industry Report estimates that Bitcoin mining consumes around 138 terawatt-hours (TWh) of electricity per year - about 0.54% of the world’s total energy usage. Wouldn’t it be fascinating to compare that to the energy footprint of the global banking system? I went looking for numbers - and surprisingly, there doesn’t seem to be any in-depth...
Uniswap, Tornado Cash, and the Curious Case of "Control"
Is there a difference between Uniswap and Tornado Cash? * Both Tornado Cash and Uniswap are made up of immutable smart contracts and centralized user interfaces. * Both create conditions under which the value of their platform’s tokens rises, thereby rewarding holders. * Both services became the subject of lawsuits in the U.S., overseen by the same judge - Katherine Polk...
Liquidation Hunting in the Crypto Market
In crypto trading circles, there’s a persistent myth that traders can easily access information about price levels where mass liquidations of leveraged positions will occur. Many active market participants seem convinced that these zones act as “magnets” for price action. According to this belief, if, for example, a large number of long positions are set to be liquidated...
Bitcoin: The Safe Haven They Said It Couldn't Be
Year-to-date performance: - S&P500: -7.5% - Nasdaq: -9.3% - BTC: +0.4% I've been dreaming of the day when I could finally say - with numbers to back it up - that Bitcoin is a safe haven asset. And now, that day has come. To be honest, I've been waiting for this moment for five years. I still remember March 2020, when Bitcoin crashed 50% in a single day. Someone on...
Delisting to the Moon
When Binance announced the delisting of ALPACA, what surprised me wasn’t the price jump - even though it quadrupled. That’s par for the course in crypto. In fact, I recently wrote a Medium article about how listings and delistings often have unexpected effects on price. What did surprise me was this: Alpaca Finance actually has a market maker who asked for more...
Unwanted Airdrop: Even the Thief Gave Up
Remember this post, where I talked about the $5M worth of stolen ZK tokens that were actually meant for airdrop - but no one even claimed them? Back then, I questioned whether they were really worth $5M, since apparently, not even free tokens could attract users. Well, here’s an update: The hacker didn’t want them...
Solana Tokens > Real Business? Market Thinks So
📈 Bloomberg reports that a company called Upexi plans to sell its own stock to buy Solana. But according to Yahoo! Finance, it’s not even clear if they mean SOL itself - it might be various Solana-based tokens. In other words, even traditional financial news sources can’t say for sure what exactly Upexi is buying (SOL? FARTCOIN? TRUMP?). But the market didn’t seem...
The Coin That Does Nothing… But Moon
Among the top 100 cryptocurrencies by market cap, Kaspa (KAS) saw the biggest gain over the past 24 hours - up 11%. I’ve been watching this coin for a while now, and I still can’t wrap my head around it. I'm used to seeing altcoins lose value against Bitcoin over the long run. I’ve written about this before. And if that’s true, it seems obvious that shorting altcoins...
Bitget Reverses Trades
Less than a month ago, Bitget CEO Gracy Chen warned that executing trades at off-market prices could turn an exchange into “FTX 2.0.” She was talking about Hyperliquid at the time. But now Bitget is doing the exact same thing. After abnormal price spikes in the VOXELUSDT perpetual contract, the exchange announced it would reverse trades made during...
