It’s All About Crypto Blog
Polymarket Is Leaving Polygon - What Comes Next?
The CEO of Polymarket has reposted a message from the company’s VP of Engineering and DeFi on X. Among other things, it mentioned that Polymarket is planning to leave Polygon and migrate to another network. About a year and a half ago, I wrote that Polymarket could help Polygon carve out a strong niche as a chain for gambling. Back then, I didn’t consider...
The Industry Bails Out Aave - But Not the Ethereum Foundation
The crypto industry is pooling funds to support Aave after the fallout from the KelpDAO exploit. The fundraising effort is being tracked by RR2 Capital (see the screenshot above). For those who haven’t followed the story: the attackers behind the KelpDAO hack obtained unbacked rsETH - tokens that effectively had no value - and used them as collateral on Aave to borrow...
The Cost of a Narrative: Cardano and Bitcoin DeFi
The Cardano development team is asking ADA holders for approval to withdraw a large sum from the network’s treasury - tens of millions of dollars - to build a project that would use BTC as capital within the Cardano ecosystem. I wrote about the technical possibility of this kind of integration about a year and a half ago. Back then, some active...
The Problem Isn’t Hacks - It’s Fake DeFi
I want to revisit the widely discussed post from yesterday by the founder of Curve about the problems in DeFi. There’s one revealing idea in it that, surprisingly, no one seems to have noticed. Michael Egorov, the founder of Curve, criticized the current state of DeFi and pointed to what he considers the core issue: centralized points of failure. Let me quote...
Stablecoins Are Now Crypto’s Default Currency
CoinGecko shared an interesting infographic today showing that 68.1% of trading pairs on major exchanges are now quoted against stablecoins. And 97.7% of that volume is concentrated in USDT and USDC. These two have effectively become the primary settlement layer of the modern crypto market. It wasn’t always this way. Before 2018, the role of a common denominator was played by...
The Memecore Hype: Market Cap or Mirage?
The crypto community is watching a rather suspicious success story unfold today. The Memecore coin has reached an eye-catching valuation, and blockchain investigator ZachXBT has already raised concerns, accusing the team of artificially inflating the price. What caught my attention in particular is the comparison between Memecore and Hyperliquid that started making the rounds today. In the screenshot above, it’s...
DCA Alternatives. Part I
Everyone's heard that the safest way to buy Bitcoin is to buy the same dollar amount at regular intervals. It's called DCA — Dollar-Cost Averaging. I know people who follow this approach, and they're doing quite well. But if you dig into the topic a little, it turns out there are smarter strategies, and none of them are any more complicated than...
More Americans Own Bitcoin Than Gold - Or Do They?
According to data shown by Cointelegraph, more Americans own bitcoin than gold. At first glance, that sounds plausible. Bitcoin is simply easier to hold. It’s more liquid, easier to transfer, and in many ways more practical. On top of that, gold itself has been tokenized for years now. If someone just wants exposure to gold as a store of value, they no longer...
The Bitcoin Movie No One Expected
According to a recent item on IMDb, a thriller titled Bitcoin is set to be released soon. And its central character is... Craig Wright. There haven’t been many high-profile headlines about Craig Wright over the past year, so here’s a quick reminder of who he is. Wright is best known for claiming that he is Satoshi Nakamoto, the creator of Bitcoin...
World’s New Revenue Model Raises Questions About WLD
When I saw the headline "The Revenue Potential from World ID" on the World blog, my first thought was that they were about to start charging users for obtaining a World ID. That would have been a bold move. Early adopters were actually rewarded for getting a World ID, so imagine the kind of FOMO they could have triggered by flipping the model and introducing...
