Ethereum lost the stablecoin crown. TRON now leads in USDT supply, fees and daily transfers. Join our Space with @trondao on July 30, 10 AM PT to unpack how they pulled it off. Set your reminder ⤵️

The recent transfer of 80,000 BTC, dormant for 14 years, came from wallets originally hosted by MyBitcoin. The wallets had been inactive since April 2011, before MyBitcoin collapsed in a hack that July. It likely belongs to the hacker or the anonymous founder known as Tom Williams. It seems Galaxy Digital bought the #Bitcoin from them, but I’m not sure if they did any forensics.

#Bitcoin cycle theory is dead. My predictions were based on it—buy when whales accumulate, sell when retail joins. But that pattern no longer holds. Last cycle, whales sold to retail. This time, old whales sell to new long-term whales. Institutional adoption is bigger than we thought. Trading feels pointless. Holders now outnumber traders. My mistake was ignoring this shift in my “bull cycle is over” call. I sincerely apologize if my prediction impacted your investment. I’ll be more careful with forecasts and focus on providing data-driven insights.

'@CryptoQuant_com is hiring a Product Owner to help revolutionize the financial content market with AI.

Institutions are buying #Bitcoin. OTC deals are buzzing around me, but this time not in the U.S.

Paper Bitcoiners are driving the market. They're not exchange traders but institutions and passive investors buying ETFs.

MARA mines #Bitcoin at around $51K with nearly 2x profit, but they and most miners are barely selling.

AI tools turned gigabrains into terabrains. A few even hit petabrain level.

'@Circle’s P/E ratio is now 2,950x. (Coinbase: 58x)

'@Circle’s P/E ratio is now 2,750x. (Coinbase: 58x)