It’s All About Crypto Blog
USDC Wasn't Enough? The USDH Debate
For the past few days, everyone’s been debating who will get the green light to issue the USDH stablecoin, which is supposed to become Hyperliquid’s main stablecoin. The contenders are: * Paxos and Agora, pushing for traditional regulated assets, * Frax and Sky, offering DeFi-style solutions, * Ethena, already behind the world’s third-largest stablecoin, * Native Markets, who are planning...
Can the Government Be a Crypto Owner - or Just a Key Holder?
The US Congress is considering a bill that would require the Treasury Department to deliver, within 90 days, an analysis of the capabilities, storage measures, cybersecurity, and legal grounds for the federal government to hold digital assets. In other words, they’re exploring the idea of a national digital asset reserve. What I find most interesting are the legal grounds. I wrote about this in...
103.5% reserves with a negative balance
Binance has just released another Proof-of-Reserves report, and for the first time I noticed something that’s both surprising and revealing - though it turns out it has actually been showing up in these reports for quite a while. Take a look: * Customer balances: 608,017 BTC * Binance balance: 600,060 BTC That’s a shortfall of 7,943 BTC. The exchange...
Crypto Fees: Why Can’t I Know the Cost In Advance?
Recently, one of our users submitted a transaction on the Ethereum network but set the gas fee too low. As a result, they had to wait a long time for confirmation. After realizing what caused the delay, the user made a surprisingly sharp observation — something rarely discussed: “Why is it that in crypto, you never know upfront how much...
Insiders, hackers, or both? The strange case of WLFI freezes
World Liberty Financial reported that it has frozen 50 WLFI token addresses at the request of the address owners, who claimed their wallets had been compromised. Now imagine this situation happened to you. If your address was compromised, what would you do: quickly move all your funds somewhere else (even to a CEX, just to keep the hacker from getting them), or reach out...
Why Trading Against James Wynn Could Be Dangerous
James Wynn is a name familiar to many crypto enthusiasts. He's a trader who regularly takes massive positions on the on-chain platform Hyperliquid. But what he's truly famous for are his liquidations - they happen almost every single day. I actually think he's an incredibly talented trader. No one else seems to nail the wrong direction of the market so consistently. I once saw...
Why SHIB Burns Don’t Always Mean Price Pumps
Over the past 24 hours, SHIB’s burn rate has spiked sharply. On shibburn.com you can check the chart and see the exact numbers - more than 5 million SHIB burned in just one day. Does this mean the price of SHIB is about to rally? After all, that’s the whole point of burning tokens, right? Not necessarily. Here’s why. If the burned tokens...
Another M2 Record, BTC to Follow?
Global money supply (M2) has hit another all-time high. Remember when I wrote about it last time? I pointed out that Bitcoin’s price chart tends to follow M2 with about a 10-week delay. Back then I said that if the pattern held, July could bring a new Bitcoin all-time high. And that’s exactly what happened! In July, we did see Bitcoin set a fresh record...
Another token, another trap: CRO edition
Remember my post yesterday about how WLFI suddenly released five times more tokens into circulation than everyone expected? That move crashed the pre-market price, and those who lost money see it as a straight-up scam. Well, I’ve got another story for you that feels eerily similar. Take a look at CRO. Over the past few days, the price tanked by a third: from nearly $0.38...
WLFI vesting schedule: written in pencil, not code
Today WLFI hit the open market. Everyone expected 5% of the total supply to be released, as originally announced. And then - in true Trump fashion - just half an hour before the event, the team announced that not 5%, but 25% would be circulating right away! They explained that they had received many questions about the circulating supply. Honestly, I doubt anyone...
