Near Protocol paid ~$44M in new tokens to validators over 12 months, against ~$6M in revenue. October buybacks covered about a sixth of $NEAR issuance. At the new 1.6% cap, about a quarter. The vote helps. Revenue still has to grow ~4x to close the gap. 🧵 https://t.co/YclH4U1toy
Uniswap $UNI fees nearly doubled in the red week: $9.87M to $19.1M. About $16.2M of that went to liquidity providers. Since Oct 20, stablecoin supply shrank $6.6B and Aave loans fell $518M. $AERO fees +52%. PancakeSwap $CAKE +46%. When price falls and volume spikes, LPs get paid.
The Chainlink Reserve bought 427,577 $LINK in October, about $5.3M. That beats a typical month of the onchain revenue Token Terminal tracks (~$1.1M a week). The gap points to offchain enterprise fees getting converted into LINK. 6.48M held, zero sold. https://t.co/aUbtRO7Qvu
A hacker dumped 2.57M $LINK (~$26M) on-chain this week. Price bought it back in a day, the same week the DTCC switched on tokenization and Link:NYC launched 24/7 pricing with Aave. The Chainlink weekly is back in my 2nd chance box. Here's why. 🧵👇 1/2 https://t.co/IwTrm9PVaU
GDP 3.4% vs 3.2% expected. Core PCE 3.1%, up from 3.0%. No inflation scare, but nothing here stops a December hike. bitcoin:native held 80k and bounced to 81.7k. 83k is still the real test. Above it with spot buying, the range opens. Rejected, the high 70s come back.
$VVV is up ~2.6x since my April Venice video. Bitcoin did ~5%. On the weekly, Venice broke the 1.618 Fib wall, retested it in July, and still respects the rising trendline from the November 2025 low. The pullback is holding the 10-week EMA. Here's why. 🧵👇 1/2 https://t.co/6fMF5bBtWP
Fed funds: 3.75%-4%. The 10-year Treasury closed at 5.05%. That's a gap of more than a full point, so the bond market is already tightening on its own. Two Fed members still voted to hike this meeting, and December is priced at ~85%. Bitcoin trades the long end of that curve, so 5.05% is the number to watch. bitcoin:native
874k $BTC were bought between 81k and 82.5k. That's the real wall today, bigger than the Fed. A pause is 95% priced. Most of those buyers just want out at break-even, so every push into that zone meets sellers. What Warsh says about December decides if we chew through it. 🤝
75% of the Bitcoin liquidations in the last 24h were shorts. The push back above 80k came from shorts being forced to close. Real spot buying still has to show up, and the average US spot ETF buyer sits near 84k, still underwater. Fed today. PCE tomorrow. $11B options expiry Friday. Chop chop chop. bitcoin:native
