74k is relevant in more ways than one apparently :)

If $BTC drops to our $74K average cost basis, we still have 5.9x assets to convertible debt, which we refer to as the BTC Rating of our debt. At $25K BTC, it would be 2.0x.

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Polygon CEO Sandeep Nailwal recently Chia on the X platform about the possibility of changing the project's Token back to Matic, after receiving a lot of feedback from the community that Matic is more recognizable than...

Polygon CEO Considers Changing POL Token Back to Matic

Bitcoin was never the future of money. It was merely a battering ram in a regulatory war. Now, the war is nearing its end, and the capital that built this ram is quietly leaving.

For 17 years, we've convinced ourselves that "magic internet money" is the ultimate form of finance. But it isn't. Bitcoin is a regulatory battering ram, a single-purpose siege weapon built specifically to smash down a particular wall: the wall of state control over "digital bearer assets"...

The Crypto Migration: Why is Capital Fleeing Bitcoin?

Author: Hu Tao, ChainCatcher

Yesterday, the highly anticipated Layer 1 public chain Monad's token MON officially launched, briefly falling below the cost price for public offering users. Currently, its FDV (Funded Direct Value) is still hovering in the $3-3.5 billion range. This is not only lower than the mainstream predicted market capitalization of $8 billion on Polymarket, but also far lower than the $15 billion valuation in the earliest Pre-TGE market.

This is not only a heavy blow to the Layer 1 narrative, but also a significant "tragic" milestone for the FDV enthusiast community.

Previously, Mo...