Fascinating to see $BTC at $122k while:

🔅Coinbase's App Store rank is over 100
🔅News channels barely talk about it
🔅IRL friends have no idea BTC is at ATH
🔅People aren't flexing on CT

Don't fight the trend. As long as macro keeps improving, we'll go higher.

🇺🇸 US shifts its stance on DeFi

After years of pressure, the government is finally pivoting. The new SEC chair has dropped the Coinbase case, denounced the agency’s past approach, and is pushing to officially recognize DeFi as part of the financial system.

What’s happening:
🔥The Tornado Cash trial is still set for next month
🔥 But the SEC now says: past actions were a mistake
🔥 Staking is no longer seen as a violation of securities law
🔥Temporary rules are being drafted so projects can launch before full regulation
🔥 Custody and DeFi are now framed as core American values
🔥 The latest SEC event was literally titled “DeFi and the American Spirit”

Why it matters:
Stablecoins are now viewed as tools to strengthen the dollar. Crypto companies are going public. Politicians from both sides are starting to support the industry — not out of love, but pragmatism.

This isn’t hype. It’s a shift.
And it opens the door for real projects with real users and sustainable models.

⚡️Project updates:

🔺WalletConnect — launching the $WCT airdrop for active Solana users: includes Backpack users, Jupiter voters, and top Phantom wallets. Full criteria here.

🔺Opensea — added a new $50 swap quest (any chain eligible)

🔺Backpack — introduced a new Achievements system. Complete tasks to earn unique badges

🔺Caldera — launched the $ERA drop checker.
7% of supply allocated. PoH required. Deadline July 17

🔺Сhainbase — claim your airdrop. Eligible users include active contributors, platform users, and AVS node operators. Tokenomics here.

🔺OP Net — added a new Galxe quest.
Reward: “Sage” role.
Answers: B, C, C, D, C, A, C, B, B, B. Deadline July 19

📣Macro updates:

🔻A dormant whale holding 80,000 BTC since 2011 has begun moving funds — over 16,800 BTC already transferred

🔻Moscow Exchange will begin trading futures on the iShares Ethereum Trust ETF by BlackRock in August

🔻Stablecoins now facilitate over $800 billion/month in transactions

🔻Hungary introduces strict crypto rules, including fines for users of unlicensed exchanges

🔻Pump Fun token sale closed in 12 minutes, raising $600M. $PUMP listed on Binance futures at $0.005

🚀Plasma kicks off token sale phase 2 — and reveals XPL tokenomics

Plasma’s public sale is moving forward: Phase 1 is over, and Phase 2 has officially begun.
Deposits and withdrawals are now locked for at least 40 days, and KYC is closed.

🗓 Phase 3 (when you actually buy XPL) starts July 17 at 13:00 UTC and ends July 28 at 13:00 UTC.

Today, the team also dropped full tokenomics for $XPL — Plasma’s native token for gas and validator rewards.

🔑 Key points:
⚪️Initial supply: 10B XPL, with PoS-based inflation
⚪️ Validator rewards start at 5% APR, decreasing 0.5% yearly until they hit 3%
⚪️Base fees will be burned (EIP-1559 model), keeping inflation in check
⚪️By 2028, total supply expected to reach just over 11B tokens
⚪️10% allocated to the public sale, fully unlocked at TGE (except US citizens: 1-year lock)
⚪️40% for ecosystem growth, with 8% unlocked at TGE for DeFi, liquidity, and campaigns
⚪️25% to the team, 25% to investors

💡 Reminder: Tokens you staked in Phase 1 are locked — you’ll need fresh funds to claim your allocation.

📣 James Wynn opens BTC long with 40x leverage

He deposited $468K USDC on HyperLiquid and opened a 40x long on Bitcoin.

His liquidation price is set at $115,570.

📈 The two-year MA multiplier has historically been a perfect tool to spot cycle tops.

As it stands, we're not even close to hitting the MAs again.

Current 2yMA x3 sits at $185,000.

Room to grow.

⏬ James Wynn hit with partial liquidation on $BTC and $PEPE longs

His 40x long on $BTC and 10x on $PEPE were partially liquidated on HyperLiquid after a wave of volatility.

High leverage, high risk — the market took its share

🚀 $BTC is at ATH and in full price discovery mode.

Yet not a single top signal has triggered.

Sure, there’ll be flash crashes to flush leverage — but this is the most bullish moment of the entire cycle.

Congrats to everyone who made it this far without getting wiped on shitcoins.

Strong believers and diamond hands will be rewarded.

So much higher.

🪙 80k BTC that recently moved?
Turns out they belong to Adam Back.

🗣️ Back and Peter Todd were basically portrayed as the "collective Satoshi" in the HBO doc — and honestly, it’s not a bad theory.

So Satoshi might already be here, slowly legitimizing his coins.

And given Back’s cryptography background, he could be sitting on a lot more wallets.

Thankfully, he’s a Bitcoin maximalist — not here to ruin it.

❓Why the Yuppie Elite Still Dismiss Bitcoin

Despite high IQs and elite educations, many MBA grads and professionals still scoff at Bitcoin. This piece breaks down why.

✨ It starts with trust in the system
The most successful yuppies believe in the system they mastered—elite schools, jobs, promotions. Trusting that system makes it hard to accept Bitcoin’s core thesis: the system is broken.

🪙Bitcoin requires a worldview shift
Bitcoin maximalism demands a deep understanding of monetary policy, scarcity, and distrust in central banks. Most elite professionals never learned this—intentionally or not—and don’t have time to reeducate themselves.

📉Their heuristics reject it
Yuppies are trained to filter out scams quickly. Bitcoin’s early aesthetics and community trip every alarm—so they dismiss it without deeper research.

🗣️Social validation drives belief
In the yuppie world, ideas are trusted when other smart yuppies believe them. Bitcoin lacks that internal social signal, so it’s automatically “not worth your time.”

🔒Don’t trust, verify – to a fault
Ironically, their rationality keeps them out. They won’t buy until they fully understand—and they don’t trust anyone enough to bridge the gap.

❓ Why this matters
These are the people most insulated from Bitcoin’s upside—until it becomes too big to ignore. When they do join, it may be because their old system starts to fail.

Eventually, price will force belief. But it won’t be because of understanding.