KaiZXBT
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Yesterday in Dubai, Peter Schiff walked on stage holding a gold bar.
CZ asked him one simple question: “Is it real?”
Schiff replied: “I don’t know.”
The London Bullion Market Association later confirmed what gold experts already know. There is only one way to verify gold with 100 percent certainty: melt it.
Verification requires destruction.
Bitcoin does not.
It self-verifies in seconds. No experts. No labs. No trust.
A public ledger secured by math, instantly checkable by 300 million people from anywhere in the world.
For 5,000 years, gold’s monetary premium came from scarcity.
But scarcity means nothing if authenticity cannot be proven.
The numbers most people never mention:
Five to ten percent of the global physical gold market is tied to counterfeit gold.
Every vault, every bar, every transfer relies on trusting someone.
Bitcoin requires trusting no one.
Gold’s market cap of 29 trillion dollars is built on “Trust me.”
Bitcoin’s 1.8 trillion is built on “Verify it yourself.”
This is not a battle between speculation and stability.
It is a full inversion of verification costs in the 21st century.
When the leading voice of the gold camp cannot verify the bar in his own hand, the argument writes itself.
Physical assets that cannot prove themselves will lose their monetary premium to digital assets that can prove themselves every 10 minutes, every block, forever.
The question is no longer “Is Bitcoin real money?”
The real question is: “Was gold ever verifiable money in the first place?”
#BinanceBlockchainWeek #BTCVSGOLD
CZ asked him one simple question: “Is it real?”
Schiff replied: “I don’t know.”
The London Bullion Market Association later confirmed what gold experts already know. There is only one way to verify gold with 100 percent certainty: melt it.
Verification requires destruction.
Bitcoin does not.
It self-verifies in seconds. No experts. No labs. No trust.
A public ledger secured by math, instantly checkable by 300 million people from anywhere in the world.
For 5,000 years, gold’s monetary premium came from scarcity.
But scarcity means nothing if authenticity cannot be proven.
The numbers most people never mention:
Five to ten percent of the global physical gold market is tied to counterfeit gold.
Every vault, every bar, every transfer relies on trusting someone.
Bitcoin requires trusting no one.
Gold’s market cap of 29 trillion dollars is built on “Trust me.”
Bitcoin’s 1.8 trillion is built on “Verify it yourself.”
This is not a battle between speculation and stability.
It is a full inversion of verification costs in the 21st century.
When the leading voice of the gold camp cannot verify the bar in his own hand, the argument writes itself.
Physical assets that cannot prove themselves will lose their monetary premium to digital assets that can prove themselves every 10 minutes, every block, forever.
The question is no longer “Is Bitcoin real money?”
The real question is: “Was gold ever verifiable money in the first place?”
#BinanceBlockchainWeek #BTCVSGOLD
According to L2Beat, Arbitrum One currently secures $17.35 billion in total value, far surpassing Base Chain’s $12.99 billion, Optimism’s $298.82 million, and Starknet’s $822.79 million. This dominance is reflected in both the size and diversity of its asset base.
Arbitrum is the top Layer 2 on Ethereum because it has the most liquidity and a strong security setup, making it the go-to network for big DeFi projects and institutional activity
$ARB
Arbitrum is the top Layer 2 on Ethereum because it has the most liquidity and a strong security setup, making it the go-to network for big DeFi projects and institutional activity
$ARB
In the past 1 $BNB year
Only 4 layer1 tokens increased in price $BCH $BNB $HYPE $TRX
Most of the rest are currently negative, this cycle market is too harsh and the level of purification is very high
Only 4 layer1 tokens increased in price $BCH $BNB $HYPE $TRX
Most of the rest are currently negative, this cycle market is too harsh and the level of purification is very high
long $SYRUP
Over the past 30 days, Wintermute’s wallet has been aggressively increasing its $Syrup balance at a rapid pace.
The accumulated $Syrup came partly from withdrawals on Maple, while the rest was scooped up from CEXs such as Binance, Gate, and Coinbase.
Notably, this Wintermute wallet only became active again about one month ago. The last time they showed similar accumulation behavior was back in January 2025, when $Syrup was moving sideways in the $0.11–$0.14 range (and the price has since 2x’d).
Is this renewed accumulation a bullish signal for $Syrup? I’ll continue tracking this case closely.
Over the past 30 days, Wintermute’s wallet has been aggressively increasing its $Syrup balance at a rapid pace.
The accumulated $Syrup came partly from withdrawals on Maple, while the rest was scooped up from CEXs such as Binance, Gate, and Coinbase.
Notably, this Wintermute wallet only became active again about one month ago. The last time they showed similar accumulation behavior was back in January 2025, when $Syrup was moving sideways in the $0.11–$0.14 range (and the price has since 2x’d).
Is this renewed accumulation a bullish signal for $Syrup? I’ll continue tracking this case closely.
A newly created wallet deposits $3M #USDC into HyperLiquid and opened 10x $HYPE long position.
maybe he has insider news?
maybe he has insider news?
$BTC Analysis : Bitcoin hits 171 red days – What that means for 2026
Bitcoin has already logged 171 red days in 2025, crossing its long-term average of 170. Historically, when BTC hits this threshold, the market tends to move sideways into December — and this year is following the same script. While price action looks muted, the setup beneath the surface is starting to shift.
Bitcoin’s 30-day volatility just spiked to 0.024, breaking above the upper bound of its one-year range for the first time since early 2024. After months of compression, analysts argue this could mark the early stages of a volatility expansion that spills over into 2026.
The drawdown structure also paints a different picture. BTC’s yearly drawdown sits at just 25.3%, nowhere near the 70–80% capitulations of past cycles. A key reason: public companies now hold over 1.05 million BTC, with Strategy alone controlling 650,000. This level of corporate ownership creates a deep liquidity floor, making severe crashes structurally harder to trigger.
Despite trading in the $84K–$90K band, sentiment hasn’t collapsed. The Fear & Greed Index has been stuck at 21 for five consecutive weeks — similar to the eight-week fear stretch in early 2025 that eventually fueled an upside move. Notably, Bitcoin has pulled back without slipping into “extreme fear,” a sign that investors remain cautious but not capitulating.
Institutional positioning also hasn’t vanished. ETF inflows remain soft at $54.8 million per day, yet large entities continue adding exposure. The National Bank of Canada recently accumulated 1.47 million MSTR shares, signaling that big money still views every dip as opportunity, not danger.
#BTC
Bitcoin has already logged 171 red days in 2025, crossing its long-term average of 170. Historically, when BTC hits this threshold, the market tends to move sideways into December — and this year is following the same script. While price action looks muted, the setup beneath the surface is starting to shift.
Bitcoin’s 30-day volatility just spiked to 0.024, breaking above the upper bound of its one-year range for the first time since early 2024. After months of compression, analysts argue this could mark the early stages of a volatility expansion that spills over into 2026.
The drawdown structure also paints a different picture. BTC’s yearly drawdown sits at just 25.3%, nowhere near the 70–80% capitulations of past cycles. A key reason: public companies now hold over 1.05 million BTC, with Strategy alone controlling 650,000. This level of corporate ownership creates a deep liquidity floor, making severe crashes structurally harder to trigger.
Despite trading in the $84K–$90K band, sentiment hasn’t collapsed. The Fear & Greed Index has been stuck at 21 for five consecutive weeks — similar to the eight-week fear stretch in early 2025 that eventually fueled an upside move. Notably, Bitcoin has pulled back without slipping into “extreme fear,” a sign that investors remain cautious but not capitulating.
Institutional positioning also hasn’t vanished. ETF inflows remain soft at $54.8 million per day, yet large entities continue adding exposure. The National Bank of Canada recently accumulated 1.47 million MSTR shares, signaling that big money still views every dip as opportunity, not danger.
#BTC
KaiZXBT
--
Bullish
📈 Bitcoin and the “170 Red Days Rule”: What Does It Signal for Late 2025?
🔍 Decoding the Chart: Yearly Accumulated Negative Days
The “Yearly Accumulated Negative Days” chart measures the market’s endurance year by year. It tracks how many daily candles closed in the red — meaning Bitcoin’s daily close was lower than its open.
Historical data shows that Bitcoin typically records around 170 red days per year. This level acts as a kind of stress threshold. When the market reaches this limit, the selling side usually starts to show fatigue, and the probability of deeper, sustained downside tends to decrease.
As of now in 2025, Bitcoin has already logged 171 red days, slightly above its historical average.
So what does this really mean?
Hitting that “quota” of red days suggests that the worst phase in terms of frequency of down days may already be behind us. It becomes less likely for the market to continue absorbing heavy, persistent selling the way it did earlier in the year.
But traders should still stay level-headed. Instead of expecting an immediate explosive rally, prepare for a slow, boring consolidation phase. This period is ideal for observing market structure, rebalancing portfolios, and managing long-term positions carefully as we head into Q1 2026.
#BTC
{future}(BTCUSDT)
🔍 Decoding the Chart: Yearly Accumulated Negative Days
The “Yearly Accumulated Negative Days” chart measures the market’s endurance year by year. It tracks how many daily candles closed in the red — meaning Bitcoin’s daily close was lower than its open.
Historical data shows that Bitcoin typically records around 170 red days per year. This level acts as a kind of stress threshold. When the market reaches this limit, the selling side usually starts to show fatigue, and the probability of deeper, sustained downside tends to decrease.
As of now in 2025, Bitcoin has already logged 171 red days, slightly above its historical average.
So what does this really mean?
Hitting that “quota” of red days suggests that the worst phase in terms of frequency of down days may already be behind us. It becomes less likely for the market to continue absorbing heavy, persistent selling the way it did earlier in the year.
But traders should still stay level-headed. Instead of expecting an immediate explosive rally, prepare for a slow, boring consolidation phase. This period is ideal for observing market structure, rebalancing portfolios, and managing long-term positions carefully as we head into Q1 2026.
#BTC
{future}(BTCUSDT)
long $MLN breakout and pump soon !!
retested the support is extremely nice
retested the support is extremely nice
$BTC Weekly divergence is starting to look very strong now.
Historically, this setup tends to play out the exact same way every time…
Historically, this setup tends to play out the exact same way every time…
BitMine Targets 5% of Ethereum Supply After Adding $199M in New Purchases
BitMine Immersion Technologies (BMNR) has taken another major step toward its long-term goal of controlling 5% of the total ETH supply after accumulating $199 million worth of Ether in two rapid-fire buys. Blockchain data shows the world’s largest corporate Ether holder executed a $130.7 million purchase on Friday followed by another $68 million on Saturday, lifting its total ETH treasury to roughly $11.3 billion — about 3.08% of circulating supply.
The aggressive accumulation comes at a time when most institutional desks remain bearish on ETH. Corporate Ethereum inflows have collapsed 81% over the past three months, yet BitMine has gone the opposite direction, adding 679,000 ETH in the past month alone.
While smart money has increased short exposure and spot ETH ETFs continue to see outflows, BitMine is doubling down. Backed by $882 million in cash reserves, the firm appears committed to buying every dip until it reaches its 5% target.
#ETH
BitMine Immersion Technologies (BMNR) has taken another major step toward its long-term goal of controlling 5% of the total ETH supply after accumulating $199 million worth of Ether in two rapid-fire buys. Blockchain data shows the world’s largest corporate Ether holder executed a $130.7 million purchase on Friday followed by another $68 million on Saturday, lifting its total ETH treasury to roughly $11.3 billion — about 3.08% of circulating supply.
The aggressive accumulation comes at a time when most institutional desks remain bearish on ETH. Corporate Ethereum inflows have collapsed 81% over the past three months, yet BitMine has gone the opposite direction, adding 679,000 ETH in the past month alone.
While smart money has increased short exposure and spot ETH ETFs continue to see outflows, BitMine is doubling down. Backed by $882 million in cash reserves, the firm appears committed to buying every dip until it reaches its 5% target.
#ETH
long $BLESS low cap + AI narratives + breakout => pump soon!!
$WLD Analysis : Worldcoin team triggers panic after shifting $25.6 mln WLD: Will $0.55 hold?
Worldcoin’s core team unexpectedly moved 44 million WLD — worth roughly $25.6 million — in a series of large transfers that have raised fresh concerns across the market. Etherscan data shows the tokens were distributed to two additional team-linked wallets, with one receiving 24 million WLD and the other 20 million.
Historically, flows from these addresses have often been funneled through Amber Group wallets before reaching exchanges. That pattern suggests the latest transfers could precede another round of exchange inflows — a scenario that previously triggered sharp sell pressure. Just one month ago, the team moved 40 million WLD that later hit exchanges, sending the token down to $0.56.
This latest batch risks accelerating the ongoing downtrend. Holders have already capitulated after weeks of bearish price action, and on-chain indicators confirm that selling pressure is intensifying. CryptoQuant data shows Spot Taker CVD flipping red again after two days of buyer strength — evidence that sellers have regained full control.
Over the past 24 hours, sell volume hit 10.65 million compared to 9.8 million in buy volume, producing a negative Buy-Sell Delta of -0.85 million. Historically, such imbalances have signaled deeper price slides as downward momentum compounds.
The technical picture aligns with this weakness. AMBCrypto notes that the Stochastic Momentum Index has plunged to -37, reinforcing the dominance of sellers. If the transferred tokens make their way onto exchanges, WLD risks losing the $0.55 support and sliding toward $0.50.
To invalidate the bearish structure, WLD must reclaim $0.60 — a move that could open a path toward the 20 EMA at $0.635.
Worldcoin’s core team unexpectedly moved 44 million WLD — worth roughly $25.6 million — in a series of large transfers that have raised fresh concerns across the market. Etherscan data shows the tokens were distributed to two additional team-linked wallets, with one receiving 24 million WLD and the other 20 million.
Historically, flows from these addresses have often been funneled through Amber Group wallets before reaching exchanges. That pattern suggests the latest transfers could precede another round of exchange inflows — a scenario that previously triggered sharp sell pressure. Just one month ago, the team moved 40 million WLD that later hit exchanges, sending the token down to $0.56.
This latest batch risks accelerating the ongoing downtrend. Holders have already capitulated after weeks of bearish price action, and on-chain indicators confirm that selling pressure is intensifying. CryptoQuant data shows Spot Taker CVD flipping red again after two days of buyer strength — evidence that sellers have regained full control.
Over the past 24 hours, sell volume hit 10.65 million compared to 9.8 million in buy volume, producing a negative Buy-Sell Delta of -0.85 million. Historically, such imbalances have signaled deeper price slides as downward momentum compounds.
The technical picture aligns with this weakness. AMBCrypto notes that the Stochastic Momentum Index has plunged to -37, reinforcing the dominance of sellers. If the transferred tokens make their way onto exchanges, WLD risks losing the $0.55 support and sliding toward $0.50.
To invalidate the bearish structure, WLD must reclaim $0.60 — a move that could open a path toward the 20 EMA at $0.635.
What is BANK token? Introducing Lorenzo, the Bitcoin liquidity protocol
Lorenzo Protocol (BANK token) is a pioneering Bitcoin Liquidity Finance platform that unlocks the full potential of Bitcoin in the DeFi ecosystem.
What is Lorenzo?
Lorenzo Protocol is a Bitcoin liquidity finance layer that provides DeFi solutions for Bitcoin (BTC) through staking and tokenization mechanisms.
The project leverages the concept of Bitcoin Shared Security by Babylon, enabling users to stake Bitcoin on Proof-of-Stake (PoS) chains to earn yields while maintaining liquidity through tokens like stBTC and enzoBTC.
Lorenzo creates an efficient marketplace that connects Bitcoin holders with projects in need of liquidity, fueling the growth of the Bitcoin DeFi ecosystem.
Lorenzo Protocol was founded by Matt Ye, Toby Yu, and Fan Sang—experts in blockchain and decentralized finance. Matt Ye previously shared a vision to connect Asian Bitcoin capital with Western projects, breaking down language and trust barriers.
YZi Labs joined as a strategic investor, helping Lorenzo surpass $300 million in TVL. Other backers include OKX Ventures, Optimism Foundation, and Manifold. Support from these reputable institutions highlights Lorenzo’s potential to lead the Bitcoin DeFi space.
Lorenzo held its TGE on Binance Wallet in collaboration with PancakeSwap, raising $200,000 with 42 million BANK (2% of the total supply) sold at $0.0048/BANK. BANK began trading on PancakeSwap at 11:00 on April 18.
Binance Futures will list Lorenzo on April 19 with up to 50x leverage.
Read more: Binance Futures launches Lorenzo Protocol (BANK token)
BANK token details
Token name: Lorenzo ProtocolSymbol: BANKTotal supply: 2.1 billion BANKInitial supply: 2% of total supply (42 million BANK) allocated at TGETGE price: $0.0048
Token utilities:
Governance: veBANK holders (via staking) can vote on decisions like product updates, fee structures, and ecosystem fund allocations.Staking: Stake BANK to receive veBANK, unlocking BANK rewards and governance participation.Rewards: BANK incentivizes participation in Lorenzo’s DeFi ecosystem.
Unique features of Lorenzo
Bitcoin Liquidity Finance: Optimizes Bitcoin liquidity via staking and tokenization.Dual-token model: Uses LPTs (like stBTC) and YATs to separate principal and yield, enhancing DeFi flexibility.Multi-chain integration: Supports 20+ blockchains and 30 DeFi protocols, including BNB Chain, Sui, and Ethereum.CeDeFi security: Combines trusted financial institutions with decentralized mechanisms for security.Sui Wallet integration: Lorenzo is working on Sui Wallet integration to simplify staking and stBTC liquidity management.
Lorenzo’s Bitcoin Liquidity Finance mechanism
What is Bitcoin Liquidity Finance?
Bitcoin Liquidity Finance is a financial model that allows users to stake Bitcoin to provide liquidity for projects while earning yield through tokenization.
Lorenzo Protocol builds on the concept of Bitcoin Shared Security by Babylon, where BTC is staked on PoS chains to secure networks and earn rewards. The mechanism includes two components: staking BTC to generate yield, and a secondary market for staking tokens.
Lorenzo serves as the foundational infrastructure for Bitcoin-based financial tools. Projects can create Bitcoin Liquid Staking Plans (BLSPs) to attract Bitcoin liquidity, with transparent details on liquidity usage, token issuance rules, and staker rewards.
When users stake Bitcoin into a BLSP, Lorenzo tokenizes it into Liquid Principal Tokens (LPTs) and Yield Accruing Tokens (YATs), enabling a diverse DeFi ecosystem.
stBTC: Tokenizing Babylon staking
stBTC is Lorenzo’s primary LPT, representing BTC staked on Babylon. For example, staking 10 BTC yields 10 stBTC, which users can redeem when unstaking.
stBTC holders receive YATs, which represent yield and Lorenzo Points. These can be traded across DeFi protocols. stBTC is the encouraged staking token to avoid Bitcoin DeFi ecosystem fragmentation.
Issuance and redemption of stBTC
Issuance: 1 BTC staked on Babylon = 1 stBTC, minted on BNB Chain.Redemption: More complex due to trading flexibility. For example, if a user increases holdings from 10 to 15 stBTC through trades, the system reallocates 5 BTC from other stakers.
Lorenzo uses a CeDeFi model with staking agents (currently only Lorenzo) to manage staking and token issuance. Trusted institutions like Cobo, Ceffu, and Chainup safeguard assets. Lorenzo aims to eventually transition to a fully decentralized Bitcoin Layer-1 settlement system.
Security and oversight
Lorenzo monitors staking agents for BLSP compliance.If violations occur, Lorenzo intervenes to protect users.Bitcoin is stored in multisig vaults to reduce centralization risk.
What is enzoBTC?
enzoBTC is a wrapped Bitcoin token issued by Lorenzo Protocol to boost liquidity and DeFi utility. Unlike stBTC (which represents BTC staked on Babylon), enzoBTC allows users to use BTC as collateral in DeFi while indirectly staking through Lorenzo’s Yield Vault.
enzoBTC issuance process
Users deposit native BTC, WBTC, or BTCB into Lorenzo, securely stored by Cobo, Ceffu, and Chainup.enzoBTC is issued on BNB Chain and supports cross-chain interaction via Wormhole and LayerZero.Issuance is fully decentralized, using MPC (multi-party computation) to mitigate centralization risk.
enzoBTC unstaking mechanism
Users can unstake enzoBTC anytime, converting back to native BTC, WBTC, or BTCB.The process is transparent, ensuring safety and flexibility.
enzoBTC yield strategy
Underlying Assets Yield: Users stake BTC in Lorenzo’s staking plans, receive LPTs, and participate in Babylon PoS or CeFi for returns.Upper Layer Liquidity: enzoBTC can be used in DeFi protocols like lending, DEX liquidity, and yield farming to maximize returns.
Comparison of enzoBTC vs stBTC
stBTC: Represents BTC staked directly on Babylon, generating PoS yield.enzoBTC: Wrapped BTC used as collateral in Yield Vaults for indirect Babylon staking or participation in other DeFi protocols. enzoBTC offers greater flexibility for users diversifying investment strategies.
$BANK @Lorenzo Protocol #lorenzoprotocol
What is Lorenzo?
Lorenzo Protocol is a Bitcoin liquidity finance layer that provides DeFi solutions for Bitcoin (BTC) through staking and tokenization mechanisms.
The project leverages the concept of Bitcoin Shared Security by Babylon, enabling users to stake Bitcoin on Proof-of-Stake (PoS) chains to earn yields while maintaining liquidity through tokens like stBTC and enzoBTC.
Lorenzo creates an efficient marketplace that connects Bitcoin holders with projects in need of liquidity, fueling the growth of the Bitcoin DeFi ecosystem.
Lorenzo Protocol was founded by Matt Ye, Toby Yu, and Fan Sang—experts in blockchain and decentralized finance. Matt Ye previously shared a vision to connect Asian Bitcoin capital with Western projects, breaking down language and trust barriers.
YZi Labs joined as a strategic investor, helping Lorenzo surpass $300 million in TVL. Other backers include OKX Ventures, Optimism Foundation, and Manifold. Support from these reputable institutions highlights Lorenzo’s potential to lead the Bitcoin DeFi space.
Lorenzo held its TGE on Binance Wallet in collaboration with PancakeSwap, raising $200,000 with 42 million BANK (2% of the total supply) sold at $0.0048/BANK. BANK began trading on PancakeSwap at 11:00 on April 18.
Binance Futures will list Lorenzo on April 19 with up to 50x leverage.
Read more: Binance Futures launches Lorenzo Protocol (BANK token)
BANK token details
Token name: Lorenzo ProtocolSymbol: BANKTotal supply: 2.1 billion BANKInitial supply: 2% of total supply (42 million BANK) allocated at TGETGE price: $0.0048
Token utilities:
Governance: veBANK holders (via staking) can vote on decisions like product updates, fee structures, and ecosystem fund allocations.Staking: Stake BANK to receive veBANK, unlocking BANK rewards and governance participation.Rewards: BANK incentivizes participation in Lorenzo’s DeFi ecosystem.
Unique features of Lorenzo
Bitcoin Liquidity Finance: Optimizes Bitcoin liquidity via staking and tokenization.Dual-token model: Uses LPTs (like stBTC) and YATs to separate principal and yield, enhancing DeFi flexibility.Multi-chain integration: Supports 20+ blockchains and 30 DeFi protocols, including BNB Chain, Sui, and Ethereum.CeDeFi security: Combines trusted financial institutions with decentralized mechanisms for security.Sui Wallet integration: Lorenzo is working on Sui Wallet integration to simplify staking and stBTC liquidity management.
Lorenzo’s Bitcoin Liquidity Finance mechanism
What is Bitcoin Liquidity Finance?
Bitcoin Liquidity Finance is a financial model that allows users to stake Bitcoin to provide liquidity for projects while earning yield through tokenization.
Lorenzo Protocol builds on the concept of Bitcoin Shared Security by Babylon, where BTC is staked on PoS chains to secure networks and earn rewards. The mechanism includes two components: staking BTC to generate yield, and a secondary market for staking tokens.
Lorenzo serves as the foundational infrastructure for Bitcoin-based financial tools. Projects can create Bitcoin Liquid Staking Plans (BLSPs) to attract Bitcoin liquidity, with transparent details on liquidity usage, token issuance rules, and staker rewards.
When users stake Bitcoin into a BLSP, Lorenzo tokenizes it into Liquid Principal Tokens (LPTs) and Yield Accruing Tokens (YATs), enabling a diverse DeFi ecosystem.
stBTC: Tokenizing Babylon staking
stBTC is Lorenzo’s primary LPT, representing BTC staked on Babylon. For example, staking 10 BTC yields 10 stBTC, which users can redeem when unstaking.
stBTC holders receive YATs, which represent yield and Lorenzo Points. These can be traded across DeFi protocols. stBTC is the encouraged staking token to avoid Bitcoin DeFi ecosystem fragmentation.
Issuance and redemption of stBTC
Issuance: 1 BTC staked on Babylon = 1 stBTC, minted on BNB Chain.Redemption: More complex due to trading flexibility. For example, if a user increases holdings from 10 to 15 stBTC through trades, the system reallocates 5 BTC from other stakers.
Lorenzo uses a CeDeFi model with staking agents (currently only Lorenzo) to manage staking and token issuance. Trusted institutions like Cobo, Ceffu, and Chainup safeguard assets. Lorenzo aims to eventually transition to a fully decentralized Bitcoin Layer-1 settlement system.
Security and oversight
Lorenzo monitors staking agents for BLSP compliance.If violations occur, Lorenzo intervenes to protect users.Bitcoin is stored in multisig vaults to reduce centralization risk.
What is enzoBTC?
enzoBTC is a wrapped Bitcoin token issued by Lorenzo Protocol to boost liquidity and DeFi utility. Unlike stBTC (which represents BTC staked on Babylon), enzoBTC allows users to use BTC as collateral in DeFi while indirectly staking through Lorenzo’s Yield Vault.
enzoBTC issuance process
Users deposit native BTC, WBTC, or BTCB into Lorenzo, securely stored by Cobo, Ceffu, and Chainup.enzoBTC is issued on BNB Chain and supports cross-chain interaction via Wormhole and LayerZero.Issuance is fully decentralized, using MPC (multi-party computation) to mitigate centralization risk.
enzoBTC unstaking mechanism
Users can unstake enzoBTC anytime, converting back to native BTC, WBTC, or BTCB.The process is transparent, ensuring safety and flexibility.
enzoBTC yield strategy
Underlying Assets Yield: Users stake BTC in Lorenzo’s staking plans, receive LPTs, and participate in Babylon PoS or CeFi for returns.Upper Layer Liquidity: enzoBTC can be used in DeFi protocols like lending, DEX liquidity, and yield farming to maximize returns.
Comparison of enzoBTC vs stBTC
stBTC: Represents BTC staked directly on Babylon, generating PoS yield.enzoBTC: Wrapped BTC used as collateral in Yield Vaults for indirect Babylon staking or participation in other DeFi protocols. enzoBTC offers greater flexibility for users diversifying investment strategies.
$BANK @Lorenzo Protocol #lorenzoprotocol
My plan trading about $CHILLGUY
BTC > GOLD
MicroStrategy has moved aggressively to stabilize market sentiment, executing an eight-and-a-half-day capital raise to build a substantial liquidity buffer after weeks of mounting FUD. Speaking on CNBC’s Power Lunch, CEO Phong Le confirmed the new cash reserve is designed to reassure investors that the company can sustain dividend commitments even if market conditions deteriorate. The buffer currently covers 12 months of dividend payouts, with a target of extending that runway to 24 months.
Importantly, the company emphasized that this defensive move reinforces—not replaces—its long-term Bitcoin strategy. Le reiterated that MicroStrategy would only consider selling its core BTC treasury as an absolute last resort, and only if the stock were to fall below NAV while all other financing options were exhausted.
“We’re part of the Bitcoin ecosystem,” Le said. “That’s why we raised capital and fortified our balance sheet to put this FUD to rest.”
The liquidity raise is a direct counter to what Le called “exaggerated” concerns surrounding the company’s stability as BTC pulled back from recent highs. By opting for a stock sale rather than selling Bitcoin, MicroStrategy preserved its “never sell BTC” ethos while buying meaningful operational breathing room.
The announcement came as Bitcoin traded around $89,956 and MSTR fell 7.02% to $178.99. The move also arrives ahead of a critical MSCI decision on January 15, which poses a major structural risk to MicroStrategy’s leveraged “stock-for-Bitcoin” model.
J.P. Morgan estimates an MSCI removal could trigger $2.8B in forced selling—potentially up to $8.8B—threatening the premium MSTR relies on and forcing a broad reassessment of corporate Bitcoin-treasury strategies.
Importantly, the company emphasized that this defensive move reinforces—not replaces—its long-term Bitcoin strategy. Le reiterated that MicroStrategy would only consider selling its core BTC treasury as an absolute last resort, and only if the stock were to fall below NAV while all other financing options were exhausted.
“We’re part of the Bitcoin ecosystem,” Le said. “That’s why we raised capital and fortified our balance sheet to put this FUD to rest.”
The liquidity raise is a direct counter to what Le called “exaggerated” concerns surrounding the company’s stability as BTC pulled back from recent highs. By opting for a stock sale rather than selling Bitcoin, MicroStrategy preserved its “never sell BTC” ethos while buying meaningful operational breathing room.
The announcement came as Bitcoin traded around $89,956 and MSTR fell 7.02% to $178.99. The move also arrives ahead of a critical MSCI decision on January 15, which poses a major structural risk to MicroStrategy’s leveraged “stock-for-Bitcoin” model.
J.P. Morgan estimates an MSCI removal could trigger $2.8B in forced selling—potentially up to $8.8B—threatening the premium MSTR relies on and forcing a broad reassessment of corporate Bitcoin-treasury strategies.
Binance Releases 37th Proof of Reserves Report Showing Sharp Shifts in BTC, ETH, and USDT Balances
Binance has published its 37th Proof of Reserves report on December 1, offering a transparent snapshot of user asset holdings across major crypto assets. The report shows a notable increase in users’ Bitcoin balances, which climbed to 617,620 BTC — up 4% from November 1, adding 23,768 BTC.
In contrast, users’ Ethereum holdings fell 1.32% to 4.04 million ETH, a decrease of 54,257 ETH.
The data also indicates a slight drop in USDT balances, down 1.24% to 34.3 billion USDT, equivalent to a reduction of roughly 430 million USDT. Overall, the report highlights shifts in investor behavior and portfolio allocation strategies as the market heads into the final month of the year.
Binance’s continued release of reserve data underscores its commitment to transparency and maintaining trust within the digital asset ecosystem.
In Binance We Trust!!
#Binance
Binance has published its 37th Proof of Reserves report on December 1, offering a transparent snapshot of user asset holdings across major crypto assets. The report shows a notable increase in users’ Bitcoin balances, which climbed to 617,620 BTC — up 4% from November 1, adding 23,768 BTC.
In contrast, users’ Ethereum holdings fell 1.32% to 4.04 million ETH, a decrease of 54,257 ETH.
The data also indicates a slight drop in USDT balances, down 1.24% to 34.3 billion USDT, equivalent to a reduction of roughly 430 million USDT. Overall, the report highlights shifts in investor behavior and portfolio allocation strategies as the market heads into the final month of the year.
Binance’s continued release of reserve data underscores its commitment to transparency and maintaining trust within the digital asset ecosystem.
In Binance We Trust!!
#Binance
Euro-Denominated Stablecoin Market Cap Doubles in the Year Following MiCA
The euro stablecoin market has staged a strong recovery in its first year under MiCA, with total market capitalization doubling since June 2024, according to Decta’s Euro Stablecoin Trends Report 2025. Market cap reached roughly $500 million in May 2025 and now sits at $680 million — still tiny compared to the $300 billion USD-pegged stablecoin sector.
Stasis’ EURS led the expansion, soaring 644% to $283.9 million, while Circle’s EURC and SG-Forge’s EURCV also recorded solid growth. Monthly trading volume jumped nearly 9× after MiCA, hitting $3.83 billion, with EURC and EURCV benefiting the most thanks to rising demand across payments, fiat on-ramps, and digital asset trading.
User awareness across Europe has climbed sharply as well, with searches related to euro stablecoins up 400% in Finland and more than 300% in Italy.
The euro stablecoin market has staged a strong recovery in its first year under MiCA, with total market capitalization doubling since June 2024, according to Decta’s Euro Stablecoin Trends Report 2025. Market cap reached roughly $500 million in May 2025 and now sits at $680 million — still tiny compared to the $300 billion USD-pegged stablecoin sector.
Stasis’ EURS led the expansion, soaring 644% to $283.9 million, while Circle’s EURC and SG-Forge’s EURCV also recorded solid growth. Monthly trading volume jumped nearly 9× after MiCA, hitting $3.83 billion, with EURC and EURCV benefiting the most thanks to rising demand across payments, fiat on-ramps, and digital asset trading.
User awareness across Europe has climbed sharply as well, with searches related to euro stablecoins up 400% in Finland and more than 300% in Italy.
$HYPE Analysis : Perp DEX trading volume exceeds 1,000 billion USD, why is HYPE price still plummeting?
The perpetual futures market is entering one of its most explosive phases in years, with total volume surpassing the $1 trillion milestone. But behind the rapid growth, the competitive landscape is shifting fast — and sentiment is no longer moving along the familiar patterns traders expected.
Perp markets have heated up significantly. Trading volume has surged more than $1 trillion YoY, yet the market is no longer a one-sided battleground dominated by early 2025 giants. Newcomers like Lighter and Aster (ASTER) are rising aggressively, capturing meaningful market share. Lighter alone accounts for roughly 28% of recent weekly volume, while Aster has secured a solid foothold at around 19%.
Even so, Hyperliquid (HYPE) remains the clear leader, maintaining the largest user base and controlling more than half of total trading activity. But that dominance isn’t reflected in its price action. Over the past week, HYPE has dropped around 13%, trading below all key moving averages. Multiple recovery attempts have failed, and RSI remains stuck in a low-momentum zone, underscoring sustained selling pressure.
The sell-off appears largely psychological. Despite Hyperliquid’s fundamental strength, traders have yet to fully regain confidence. This divergence has become increasingly evident, even as Hyperliquid completed its high-profile merger with Sonnet — a move designed to expand U.S. reach and strengthen its crypto treasury.
Open interest remains steady around $1.28–1.29B, signaling traders haven’t exited or reduced risk. Funding remains positive, liquidity is intact, and perp activity on Hyperliquid continues at high intensity.
For now, the pullback looks more like hesitation than the start of a macro downtrend. The market still needs clearer confirmation before any true shift in structure takes hold.
The perpetual futures market is entering one of its most explosive phases in years, with total volume surpassing the $1 trillion milestone. But behind the rapid growth, the competitive landscape is shifting fast — and sentiment is no longer moving along the familiar patterns traders expected.
Perp markets have heated up significantly. Trading volume has surged more than $1 trillion YoY, yet the market is no longer a one-sided battleground dominated by early 2025 giants. Newcomers like Lighter and Aster (ASTER) are rising aggressively, capturing meaningful market share. Lighter alone accounts for roughly 28% of recent weekly volume, while Aster has secured a solid foothold at around 19%.
Even so, Hyperliquid (HYPE) remains the clear leader, maintaining the largest user base and controlling more than half of total trading activity. But that dominance isn’t reflected in its price action. Over the past week, HYPE has dropped around 13%, trading below all key moving averages. Multiple recovery attempts have failed, and RSI remains stuck in a low-momentum zone, underscoring sustained selling pressure.
The sell-off appears largely psychological. Despite Hyperliquid’s fundamental strength, traders have yet to fully regain confidence. This divergence has become increasingly evident, even as Hyperliquid completed its high-profile merger with Sonnet — a move designed to expand U.S. reach and strengthen its crypto treasury.
Open interest remains steady around $1.28–1.29B, signaling traders haven’t exited or reduced risk. Funding remains positive, liquidity is intact, and perp activity on Hyperliquid continues at high intensity.
For now, the pullback looks more like hesitation than the start of a macro downtrend. The market still needs clearer confirmation before any true shift in structure takes hold.
RUSSELL 2000 IS FLASHING THE ALTSEASON SIGNAL
The Russell 2000 is one of the strongest macro indicators for altcoins — and it’s now inches away from a new all-time high.
Look at the cycle:
Both the Russell 2000 and the Total Altcoin Market Cap peaked in Nov 2021 — marking the cycle top.
Both spent 2022–2023 in a brutal bear market.
Now, the Russell is retesting the exact same 2021 resistance zone.
If it breaks above this level, history suggests one thing:
A full-scale altcoin bull run begins — and likely accelerates into 2026.
The correlation is undeniable — when the Russell 2000 breaks out, ETH and alts follow.
Right now, the market sentiment is shaken from the 10/10 flash crash, leverage has been wiped, retail is fearful — and that’s the exact setup that precedes parabolic runs.
This is the calm before the storm.
Watch the Russell.
It’s the leading indicator for where alts go next.
#Altcoin
The Russell 2000 is one of the strongest macro indicators for altcoins — and it’s now inches away from a new all-time high.
Look at the cycle:
Both the Russell 2000 and the Total Altcoin Market Cap peaked in Nov 2021 — marking the cycle top.
Both spent 2022–2023 in a brutal bear market.
Now, the Russell is retesting the exact same 2021 resistance zone.
If it breaks above this level, history suggests one thing:
A full-scale altcoin bull run begins — and likely accelerates into 2026.
The correlation is undeniable — when the Russell 2000 breaks out, ETH and alts follow.
Right now, the market sentiment is shaken from the 10/10 flash crash, leverage has been wiped, retail is fearful — and that’s the exact setup that precedes parabolic runs.
This is the calm before the storm.
Watch the Russell.
It’s the leading indicator for where alts go next.
#Altcoin
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