Democrats now have Congress, so the “friendly” legislative window crypto had is basically closed for the next two years. I don't think it hits everything the same though. With CLARITY stalled and likely back to square one in January. Tokens doing revenue share and buybacks lose the clear rules they were counting on and Bitcoin honestly doesn't care who's in charge, it's not like the SBR was something we were still pricing in anyway. As for the Trump-linked tokens, most of them are already pretty much dead, so I think you can just take them off your watchlist at this point. Congress with subpoena power will want to look at them and if insiders start worrying about where this goes, nobody wants to be the last one holding while unlocks hit and everyone races for the exit. That could get ugly and very PvP very fast. The way I'm thinking about it is simple: if a project's value depends on Washington being friendly, that's a risk now and if it works no matter who's in power that's where I'd want to be. Curious what you all think wins and what gets hurt most from here, sector-wise.

Good bottom, ideally don’t see it breakdown below 42 near term https://t.co/5K8K00KG9x

One of the few real plays on Elysium just shipped a major update and Uniswap is now promoting it across all of their accounts. As far as I can tell, it's the first project Uni has pushed on there. The last time I saw them get behind something this hard on Rh, the coin did a few Xs. Meanwhile the market is slow and distracted and nobody seems to be paying attention. Looks PvE to me, but what do I know.

T-48h, bottomed out. https://t.co/i5WAo2Bo15

Hyperliquid giving crypto a glimpse of hope during a real dull period, once again. Love to see it.

Aero of Elysium trading at a multiple 10x cheaper than actual Aero sub 5m. Ok.

- A major proposal for the system migration the community has wanted for years passed in record time. - Moving to Solana should bring better efficiency, lower costs, far deeper liquidity and a much larger user base. - The founder has said directly that tokenomics will be revamped after the migration. Referencing hype. - A staking revamp is coming in mid-November. - It fits squarely into the current hot AI compute meta as a decentralised GPU marketplace, offering the same cards on an open market often at a fraction of the price, paid in native token. It’s still flying under the radar, with the proposal effectively passing just 7h ago and setting everything in motion.

Bought some ethereum:0x163f8c2467924be0ae7b5347228cabf260318753 here, at a htf range lows with an easy invalidation. It has some coming within the next week i hear. Looks like decent rr, had great attention on it. btc sticking around 80k should give relief either way.

Jokes aside. Many reasons on why the trenches are in their current form, alongside BTC and macro uncertainty: - More launchpads and a push for even more launchpads, constantly. And the new ones being supported by KOLs as they are able to win more on them. - Callout rewards replacing trading income. The incentives are short-ended, holding is misaligned with market cap, and the outcome depends more on the reach of whoever is pushing than on the narrative / coin itself. - Traders on payroll. What even is this? A trader on salary carries none of the downside of being wrong. People used to work for their bags, research hard, be hungry. - PvP maximalists, fuelled by KOL leaders pushing PvP narratives instead of raising ceilings. When the game is extracting from each other, nothing gets built worth holding and new money has no reason to come in. - All of the above drained liquidity and pushed it to the wrong end of the curve. RH started well, but once it stalled it barely got a consolation bounce, and people started finding other ways to extract through social capital and vanity metrics. The flow that should have compounded into higher ceilings got recycled through the same closed loop until there was nothing left to recycle. The market isn't short on narratives. It's short on participants who aren't already extracting. Until incentives reward holding winners over farming each other, things stay bleak or at least until a new mega narrative arrives that everyone can just bid and run with.

Have to also account for the airdrop supply that’s almost finished now but was selling down. And yet it still put in a higher low with BTC nuking.