They couldn’t all possible have the underlying assets that they would have to have. submitted by /u/Minimum_Raccoon_1501 [link] [Kommentare]

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here. Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams. Rules: All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect. Discussion topics must be related to cryptocurrency. Behave with civility and politeness. Do not use offensive, racist or homophobic language. Comments will be sorted by newest first. Useful Links: Beginner Resources Intro to r/Cryptocurrency MOONs 🌔 MOONs Wiki Page r/CryptoCurrency Discord r/CryptoCurrencyMemes Prior Daily Discussions - (Link fixed.) r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance. Finding Other Discussion Threads Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted. u/CryptoDaily- — Posts the Daily Crypto Discussion threads. u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads. u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads. u/CryptoNewsUpdates — Posts the Monthly News Summary threads. submitted by /u/AutoModerator [link] [Kommentare]

I know this is going to ruffle some feathers, but the more you look at the actual mechanics of crypto, the harder it is to deny. Stripped of all the blockchain jargon and laser-eyes hype, Bitcoin behaves exactly like a global, hyper-financialized meme token. The big difference between BTC and Doge or Pepe is that Bitcoin’s meme is wrapped in a fancy suit and called a "Store of Value." Think about it: A meme is just a shared cultural idea that gains power because a critical mass of people agree to repeat it. Bitcoin has no intrinsic value. It doesn't generate cash flows like a business, it doesn't pay dividends, and it has almost zero real world utility as an actual currency because of its volatility and transaction limits. Its entire valuation relies purely on the Greater Fool Theory. You buy a few satoshis today at a premium, not because you want to spend it, but solely because you are betting that a "greater fool" will come along tomorrow and pay you even more for it. Whenever you point this out, die hard fans immediately pivot to inflation. "But the dollar is losing purchasing power! Bitcoin goes up when inflation hits!" Sure, it does. But crypto bros act like Bitcoin is the only asset that reacts to inflation. Newsflash: Inflation lifts all asset markets. When money is devalued, the price of real estate, commodities, and corporate stocks go up too. Except there's a massive difference. When you buy into the stock market to hedge against inflation, you are buying a piece of a business that can raise its prices, grow its revenues, and produce profits. Profitable companies have a theoretical mathematical floor based on how well that business is doing. Bitcoin has no such floor. If inflation hits, it only goes up if enough people think it will, not because it’s suddenly producing more goods or services. If you're looking for a legitimate store of value to beat inflation, wouldn't you rather own a piece of a company that actually produces something, rather than a digital casino chip? What happens when the supply of greater fools runs out, and the "inflation hedge" meme loses its viral grip on the public consciousness? Because there are no corporate earnings or physical assets to anchor its price, the sentiment will flip completely. When everyone tries to exit the burning theater at once, realizing there's no one left to sell to, it’s not hard to see a world where BTC bleeds all the way back down to $1,000, returning to a niche asset valued only by cryptographic hobbyists. Change my mind. Or if you agree, where do you think the actual floor is when the hype finally dies? submitted by /u/Good-Book-6912 [link] [Kommentare]

When people talk about this industry they usually say "crypto." When they invest in the traditional equities market they will usually tell you specifically which companies. The VAST majority of trading here is automated, and based off of BTC. I'm a firm believer that this market dump was caused (in addition to all of the typical external risk-related things) people becoming spooked about bitcoin. But since the market still behaves as a homogeneous lump, all projects dive automatically when investors (speculators) dive from bitcoin. The bitcoin narratives have evaporated one by one. No one uses it as a currency. It's not digital gold. Hard cap is not guaranteed. It's not unbreakable. It's not a hedge against inflation. It seems clear that, despite whatever tomorrow's new narrative, it doesn't have a lot of practical use. This community has known that, but the TV-viewing public is now realizing it. Meanwhile ETH has been attracting positive attention and development. The biggest criticisms so far (other than 'how has it changed my life day-to-day') have been that the price hasn't reflected the progress made. But the progress is undeniable. Projects ARE happening at some of the largest financial institutions in the world. We've yet to see whether these will bear fruit or not. However, the "projects" related to bitcoin were ETFs, and part of this dump might be related to the fact that the ETF fantasy has proven to mostly fall flat. All this to say, that I believe ETH is being traded automatically based on BTC price movement. Market is dumping bitcoin, therefore market-wide is dumping because of the automated trading. If you're a believer in the future of ETH, this is a pretty great moment to be buying. This would be a great moment to buy any asset that sees a dramatic drop in price because of something unrelated to its investment thesis. submitted by /u/Available_Win5204 [link] [Kommentare]

Article highlight. The conclusion frames Bitcoin as capable of serving many roles without belonging to one constituency. It can be money for individuals, capital for companies, collateral for banks, reserves for nations, property for families, infrastructure for markets, and *hope" for people facing economic misery. The preferred path treats the base layer as sacred infrastructure while pushing most innovation into higher layers, applications, custody systems, credit instruments, and capital markets. submitted by /u/zesushv [link] [Kommentare]

While doing my weekly research on what happened over the last week and how the market is currently pricing stuff, one thing that caught my eye this was Bitcoin's skew. BTC is pricing roughly a ±3.9% move for the coming week, but that's not really the interesting part. What's interesting is that puts are still trading a lot richer than calls. Downside protection is carrying about a 12 vol point premium over comparable upside exposure. It is normal that puts are more expensive than calls, but Deribit's pricing is quite substantial compared to the last few weeks. That surprised me. Bitcoin is down close to 18% just in the last week alone and traders are still paying up significantly for protection. So either traders remain genuinely worried about another leg lower, or nobody is in a hurry to sell that downside insurance. I'm not saying Bitcoin has to go down from here. Plenty of markets bottom while put skew remains elevated. But, the fear is quite clear on the options chain. I just think it's interesting that even after a meaningful selloff, the options market still seems a lot more concerned about downside than upside. Anyone else watching the skew or willing to sell some puts here? https://preview.redd.it/kfkg3ta00q5h1.png?width=1160&format=png&auto=webp&s=ab5da85d980d0cc1d18bc105b5137ca2be9172fb submitted by /u/DueDilligenceTrader [link] [Kommentare]

Is now a good time to buy BTC or shall I wait a little bit longer? submitted by /u/Original-Tackle988 [link] [Kommentare]

If you're still chasing yield in liquid restaking protocols, you're stacking risks like a terrifying game of financial Jenga. The recent Kelp DAO exploit didn't require some nation-state level of cryptographic genius to execute. The attacker simply spotted that the smart contract's withdrawal logic relied on a completely manipulatable spot-price oracle from a single decentralized exchange. I've spent time looking at the raw transaction logs, and the sheer laziness of the math is breathtaking. The attacker flash-loaned millions, artificially pumped the collateral's price in a single block, and the Kelp contract blindly accepted this manipulated, sky-high valuation as gospel truth because it wasn't even built to calculate a time-weighted average price (TWAP). Relying on spot-price valuations inside a single transaction block is like asking a bank robber to appraise the contents of the vault while he's stuffing the cash into a duffel bag. This isn't an isolated incident—it's the exact same architectural rot I see across the entire cross-chain bridge landscape, where a single misconfigured smart contract parameter, a slightly flawed Merkle tree proof implementation, or a lazy developer forgetting to update a simple state machine variable can instantly invalidate the entire security model and allow a malicious actor to mint an infinite supply of counterfeit tokens on the destination chain while the original assets sit completely frozen and useless in the source vault. Complete architectural failure. If you want to stop getting rugged by sleep-deprived devs copy-pasting code, you need to start reading the actual execution traces and mathematical models behind these failures. I've published the full technical autopsy, showing the exact function failures, the exploit payloads, and how this compares to the consensus-level cryptographic proofs used by the Verus Bridge. Stop trusting the dashboards. Start auditing the logic. -James McCabe (ModernCYPH3R) submitted by /u/ModernCYPH3R [link] [Kommentare]