People - the security of the networks is the value. As liquidity gets loaded on the public chains the stake becomes more valuable as it secures the assets on chain.
This is why increased StableCoin liquidity, tokenized assets and onchain activity implies stake appreciation.
Any news of increased Stable Coin adoption, like we saw today from 2 jurisdictions, is bullish for proof of stake native tokens.
Once StableCoin officially goes live in Jan 18 2027 it will replace the petro and euro dollar and these networks that move it will appreciate proportionally.
Game Theory continues as the Trump administration is considering a government-backed push to expand dollar-denominated stablecoins overseas, including possible joint ventures with private firms, to defend the dollar’s reserve status and increase demand for U.S. Treasuries.
End of the petrodollar, dawn of StableCoin.
$BTC Phase E - the pullbacks will bottom like this to capitulate high leverage longs (50-100x) 2-4 times - yellow and red lines will be killed. Some blues (25x) may survive.
the first Hudi trading competition is coming to Sui Basecamp
@CryptoKaleo, @martypartymusic, @tradermayne and @MinhXDynasty
go head-to-head to settle who's the best
45 mins, $50k starting balance, any ticker on Hudi
oct 7, 2pm sgt, hosted by @brianjung
it's gonna get hot
$BTC Phase E - In the short term late overleveraged longs will be liquidated in violent bull market pullbacks. Expect linear upward appreciation with violent pullbacks to clear longs in the Markup phase.
Speculative target is $100k by mid November followed by rally to $155k by Q2 2027.
Key facts:
- 8 days to October 1st the technical bear market ends based on historical duration.
- US 10 year hits 5.1% creating macro confusion.
- DXY hits 101
- US Stock Market bleeding currently SPY 767.
- Disproportionate amount of this new liquidity will go to Bitcoin.
Tether declined to apply for a MiCA license in the EU over reserve rules.
Tether CEO Paolo Ardoino said the rules require 60% of significant stablecoin issuers’ reserves in commercial bank deposits, making stablecoins less protected. EU deposit insurance covers only €100,000.
“When MiCA becomes safer for consumers and stablecoin issuers, we may reconsider the decision,” Ardoino said.
IMO: I agree - forcing stable coin issuers to back with bank liquidity is too risky going into 2030. Bank ledgers are too high a risk. If a EU Bank collapses the Stable Coin are unbacked. Soverign debt is acceptable but bank debt is not.
Liquidation Levels - Yellow 50x lines flushed - Sept 23rd
120,137 traders were liquidated, the total liquidations comes in at $501.29 million.
The largest single liquidation order happened on Binance - ETHUSDT value $10.04M.