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Cryptomen8686

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翻訳
Facing the potential threat of quantum computers to blockchain security in the future, Solana and Aptos have begun preparing to protect their networks. Solana is partnering with security firm Project Eleven to deploy a testnet using quantum-resistant signatures to test secure transactions without impacting the network. Aptos is proposing an optional quantum-resistant signature for users requiring higher security while maintaining the existing system. Although quantum computers are still far from powerful enough to disrupt blockchains, major blockchains are proactively preparing early to avoid being caught off guard later.
Facing the potential threat of quantum computers to blockchain security in the future, Solana and Aptos have begun preparing to protect their networks.

Solana is partnering with security firm Project Eleven to deploy a testnet using quantum-resistant signatures to test secure transactions without impacting the network.

Aptos is proposing an optional quantum-resistant signature for users requiring higher security while maintaining the existing system.

Although quantum computers are still far from powerful enough to disrupt blockchains, major blockchains are proactively preparing early to avoid being caught off guard later.
翻訳
THE TRUTH ABOUT YEN CARRY TRADE IN THE CURRENT CONTEXT 🔸 With the Bank of Japan signaling a potential interest rate hike this week, concerns about the yen carry trade have resurfaced. 🔸 Yields on 10-year Japanese government bonds are at their highest level in 18 years, yet the yen remains weak. This suggests that the carry trade persists. While JP Morgan estimates that over 50% of the yen carry trade closed last year, some analysts believe that approximately $500 billion of yen-backed carry trade still exist 🔸 The yen carry trade is a strategy of borrowing yen at low interest rates during periods when Japan maintains low interest rates, then investing in higher-yielding assets such as US stocks, emerging markets, and cryptocurrencies. As Japanese bonds pay higher yields than before, capital is no longer forced to flow overseas in search of higher return 🔸 It's true that Japanese interest rates remain significantly lower than those in the US, so the likelihood of a widespread carry trade liquidation is low. However, the real risk lies in the decrease in demand for US bonds, forcing US bond yields to remain higher to remain competitive, thereby putting pressure on interest rates across the marke 🔸 Currently, the US 10-year yield is around 4.18%, much higher than the Japanese 10-year yield of around 1.96%. But when using a yen carry trade strategy, institutions must manage USD/JPY exchange rate risk, meaning they must hedge foreign exchange at a high cost, possibly around 2% per year, plus the risk of the Fed continuing to cut interest rates. After deducting hedging costs, the real yield is no longer attractiv 🔸 If the Bank of Japan raises interest rates more aggressively, the cost of borrowing yen will increase, and investors may rush to liquidate their positions. This week's interest rate hike was anticipated by the market, but the key factor remains the BOJ Governor's tone regarding further rate increases. Coupled with news that the BOJ is preparing to sell its previously accumulated ETF holdings, this is making investors more cautiou s.e.t.s.s.

THE TRUTH ABOUT YEN CARRY TRADE IN THE CURRENT CONTEXT

🔸 With the Bank of Japan signaling a potential interest rate hike this week, concerns about the yen carry trade have resurfaced.

🔸 Yields on 10-year Japanese government bonds are at their highest level in 18 years, yet the yen remains weak. This suggests that the carry trade persists. While JP Morgan estimates that over 50% of the yen carry trade closed last year, some analysts believe that approximately $500 billion of yen-backed carry trade still exist

🔸 The yen carry trade is a strategy of borrowing yen at low interest rates during periods when Japan maintains low interest rates, then investing in higher-yielding assets such as US stocks, emerging markets, and cryptocurrencies. As Japanese bonds pay higher yields than before, capital is no longer forced to flow overseas in search of higher return

🔸 It's true that Japanese interest rates remain significantly lower than those in the US, so the likelihood of a widespread carry trade liquidation is low. However, the real risk lies in the decrease in demand for US bonds, forcing US bond yields to remain higher to remain competitive, thereby putting pressure on interest rates across the marke

🔸 Currently, the US 10-year yield is around 4.18%, much higher than the Japanese 10-year yield of around 1.96%. But when using a yen carry trade strategy, institutions must manage USD/JPY exchange rate risk, meaning they must hedge foreign exchange at a high cost, possibly around 2% per year, plus the risk of the Fed continuing to cut interest rates. After deducting hedging costs, the real yield is no longer attractiv

🔸 If the Bank of Japan raises interest rates more aggressively, the cost of borrowing yen will increase, and investors may rush to liquidate their positions. This week's interest rate hike was anticipated by the market, but the key factor remains the BOJ Governor's tone regarding further rate increases. Coupled with news that the BOJ is preparing to sell its previously accumulated ETF holdings, this is making investors more cautiou

s.e.t.s.s.
翻訳
According to Glassnode, Bitcoin whales have accumulated approximately $54,000 more $BTC BTC in the past week, worth around $4.8 billion, bringing their total holdings to approximately $3.575 million BTC.
According to Glassnode, Bitcoin whales have accumulated approximately $54,000 more $BTC BTC in the past week, worth around $4.8 billion, bringing their total holdings to approximately $3.575 million BTC.
翻訳
CFTC Acting Chairwoman Caroline Pham Joins MoonPay 🔸 Caroline Pham, Acting Chairwoman of the CFTC and a crypto-friendly figure, will join MoonPay as Chief Legal and Administrative Officer. 🔸 She will be responsible for legal strategy, policy, and working directly with Washington on crypto regulation. 🔸 This move comes as her successor at the CFTC, crypto lawyer Mike Selig, prepares for Senate confirmation. 🔸 During her time leading the CFTC, Caroline Pham promoted numerous crypto-friendly policies, supporting spot trading, the use of $BTC $ETH , and USDC as collateral, and sandbox and tokenization programs.
CFTC Acting Chairwoman Caroline Pham Joins MoonPay

🔸 Caroline Pham, Acting Chairwoman of the CFTC and a crypto-friendly figure, will join MoonPay as Chief Legal and Administrative Officer.

🔸 She will be responsible for legal strategy, policy, and working directly with Washington on crypto regulation.

🔸 This move comes as her successor at the CFTC, crypto lawyer Mike Selig, prepares for Senate confirmation.

🔸 During her time leading the CFTC, Caroline Pham promoted numerous crypto-friendly policies, supporting spot trading, the use of $BTC $ETH , and USDC as collateral, and sandbox and tokenization programs.
翻訳
WINTERMUTE market update week 1/12/2025: 1. BOJ shock and impact on the market BOJ signals interest rate hike → Carry trade is squeezed → large-scale deleveraging wave. This breaks the fragile stability after Thanksgiving. Crypto, which is heavily dependent on global liquidity, suffers negative reactions: BTC falls rapidly due to thin liquidity, lack of order book depth. Gold rises, showing that BTC is still not a safe haven asset when systemic risks appear. 2. Situation before the shock The market is in a state of improvement: BTC from mid-80k → low-90k. Both retail and institutions start buying again. But BOJ's hawkish signal immediately reverses sentiment. 3. Market structure: bad in sentiment but good in technique Sentiment is still weak, lacking new narrative. However, the market data is showing a very healthy reset: Basis BTC/ETH to cycle lows. Funding rate neutral/negative for the first time since October. Open Interest perp dropped sharply from 230bn → 135bn (leverage washed out). Spot accounts for the majority of volume, absorbing selling pressure well despite the holiday. ✦ This is a typical set of conditions before a consolidation phase, if the macro environment stabilizes again. 4. Cash flow is still completely dominated by macro High beta groups (AI, DePIN, Gaming, L2s) led the decline. L1s and GMCI-30 held their prices better, but were still caught up in the general trend. Narrative altcoins continue to be an “exit liquidity” opportunity as new cash flows prioritize majors (BTC/ETH) first.
WINTERMUTE market update week 1/12/2025:

1. BOJ shock and impact on the market
BOJ signals interest rate hike → Carry trade is squeezed → large-scale deleveraging wave.
This breaks the fragile stability after Thanksgiving.
Crypto, which is heavily dependent on global liquidity, suffers negative reactions:
BTC falls rapidly due to thin liquidity, lack of order book depth.
Gold rises, showing that BTC is still not a safe haven asset when systemic risks appear.

2. Situation before the shock
The market is in a state of improvement:
BTC from mid-80k → low-90k.
Both retail and institutions start buying again.
But BOJ's hawkish signal immediately reverses sentiment.

3. Market structure: bad in sentiment but good in technique
Sentiment is still weak, lacking new narrative.
However, the market data is showing a very healthy reset:
Basis BTC/ETH to cycle lows.
Funding rate neutral/negative for the first time since October.
Open Interest perp dropped sharply from 230bn → 135bn (leverage washed out).
Spot accounts for the majority of volume, absorbing selling pressure well despite the holiday.
✦ This is a typical set of conditions before a consolidation phase, if the macro environment stabilizes again.

4. Cash flow is still completely dominated by macro
High beta groups (AI, DePIN, Gaming, L2s) led the decline.
L1s and GMCI-30 held their prices better, but were still caught up in the general trend.
Narrative altcoins continue to be an “exit liquidity” opportunity as new cash flows prioritize majors (BTC/ETH) first.
翻訳
Binance Reserve Ratio Smashes 2018 Historical Low “History shows that hitting such lows often precedes powerful Bitcoin rallies, simply because the liquidity required to fuel a price surge is now fully available on the exchange.”
Binance Reserve Ratio Smashes 2018 Historical Low

“History shows that hitting such lows often precedes powerful Bitcoin rallies, simply because the liquidity required to fuel a price surge is now fully available on the exchange.”
翻訳
STRATEGY ANNOUNCES $1.44 BILLION RESERVE FUND AND UPDATES FY 2025 GUIDANCE 🔸 Strategy Inc has created a $1.44 billion reserve fund to ensure it can pay dividends and interest for at least 12 months and they plan to increase this fund to cover 24 months. 🔸 They are holding 650,000 BTC or about 3.1% of the total BTC supply and the USD Reserve fund helps them weather short-term volatility to continue paying interest and dividends without selling BTC. 🔸 Their total debt is around $8.21 billion in 2025 and interest payments are around $800 million per year showing that the value of their BTC holdings is much larger than the debt 🔸 Due to the recent drop in BTC prices they have updated their 2025 projection and now expect BTC to end the year in the $85,000 to $110,000 range. 🔸 If BTC stays in this range, 2025 results could look like this ➤ Operating profit — from negative $7 billion to positive $9.5 billion ➤ Net income — from negative $5.5 billion to positive $6.3 billion ➤ EPS — from negative $17 to positive $19 🔸 Bitcoin 2025 target ➤ BTC yield — 22 percent to 26 percent meaning the amount of BTC per share they expect to increase by raising capital and buying new BTC ➤ BTC gains — $8.4 billion to $12.8 billion meaning the amount they expect to increase if BTC stays in the target price range 🔸 They can continue to issue shares and buy more BTC to reach these targets.
STRATEGY ANNOUNCES $1.44 BILLION RESERVE FUND AND UPDATES FY 2025 GUIDANCE

🔸 Strategy Inc has created a $1.44 billion reserve fund to ensure it can pay dividends and interest for at least 12 months and they plan to increase this fund to cover 24 months.

🔸 They are holding 650,000 BTC or about 3.1% of the total BTC supply and the USD Reserve fund helps them weather short-term volatility to continue paying interest and dividends without selling BTC.

🔸 Their total debt is around $8.21 billion in 2025 and interest payments are around $800 million per year showing that the value of their BTC holdings is much larger than the debt

🔸 Due to the recent drop in BTC prices they have updated their 2025 projection and now expect BTC to end the year in the $85,000 to $110,000 range.

🔸 If BTC stays in this range, 2025 results could look like this
➤ Operating profit — from negative $7 billion to positive $9.5 billion
➤ Net income — from negative $5.5 billion to positive $6.3 billion
➤ EPS — from negative $17 to positive $19

🔸 Bitcoin 2025 target
➤ BTC yield — 22 percent to 26 percent meaning the amount of BTC per share they expect to increase by raising capital and buying new BTC
➤ BTC gains — $8.4 billion to $12.8 billion meaning the amount they expect to increase if BTC stays in the target price range

🔸 They can continue to issue shares and buy more BTC to reach these targets.
原文参照
連邦準備制度は2025年1月12日から「血を吸う」(QT)を正式に停止します。 来週の月曜日、連邦準備制度は量的引き締め(QT)政策を終了します。これは現在最も重要なマクロシグナルです。 QT終了の直接的な影響: - 債券売却の停止:銀行システムからの現金引き出しの圧力が終了します。 - 流動性の回復:キャッシュフローがもはや締め付けられず、リスク資産(暗号、証券)が発展するための好環境が生まれます。 - リスクオンの活性化:恐れが取り除かれ、年末の成長への道が開かれます。 👉 ボトムバルブは閉じました。即座にお金を注入する(QE)ことはありませんが、引き出しを停止することはブルたちが自信を持ってレースに戻るのに十分です。
連邦準備制度は2025年1月12日から「血を吸う」(QT)を正式に停止します。

来週の月曜日、連邦準備制度は量的引き締め(QT)政策を終了します。これは現在最も重要なマクロシグナルです。

QT終了の直接的な影響:

- 債券売却の停止:銀行システムからの現金引き出しの圧力が終了します。

- 流動性の回復:キャッシュフローがもはや締め付けられず、リスク資産(暗号、証券)が発展するための好環境が生まれます。

- リスクオンの活性化:恐れが取り除かれ、年末の成長への道が開かれます。

👉 ボトムバルブは閉じました。即座にお金を注入する(QE)ことはありませんが、引き出しを停止することはブルたちが自信を持ってレースに戻るのに十分です。
原文参照
トークンのロック解除は12月: 12月1日 - $EIGEN: $25.3M 12月1日 - $SUI: $83.2M 12月10日 - $ME: $118.1M 12月12日 - $APT: $23.4M 12月14日 - $IP: $126.6M 12月15日 - $ARB: $19.9M 12月17日 - $PENGU: $284.4M 12月19日 - $ZRO: $31.7M 12月29日 - $OP: $10.5M
トークンのロック解除は12月:
12月1日 - $EIGEN: $25.3M
12月1日 - $SUI: $83.2M
12月10日 - $ME: $118.1M
12月12日 - $APT: $23.4M
12月14日 - $IP: $126.6M
12月15日 - $ARB: $19.9M
12月17日 - $PENGU: $284.4M
12月19日 - $ZRO: $31.7M
12月29日 - $OP: $10.5M
原文参照
$ETH ETFは今週368百万ドルの純流入を見ました。10月以来の最高の週です。
$ETH ETFは今週368百万ドルの純流入を見ました。10月以来の最高の週です。
原文参照
ビザは、東ヨーロッパ、中東、アフリカでの支払いを処理するために、安定コイン(USDCのような)を使用するためにAquanowと提携しました。目標は、コストを削減し、国際送金を短縮し、複数の銀行仲介を経る代わりに、24時間年中無休の支払いを可能にすることです。 安定コインはもはや暗号通貨でのみ使用されるものではなく、従来の金融機関によってますます採用されています。例えば、ドイツの主要な取引所であるドイツ取引所も、ユーロ安定コインをその保管および決済システムに統合する準備をしています。規制当局がまだ規制について議論している間、一般的なトレンドは明らかです:安定コインは現代の支払いソリューションとなりつつあり、ビザのような大手組織が採用を推進しています。
ビザは、東ヨーロッパ、中東、アフリカでの支払いを処理するために、安定コイン(USDCのような)を使用するためにAquanowと提携しました。目標は、コストを削減し、国際送金を短縮し、複数の銀行仲介を経る代わりに、24時間年中無休の支払いを可能にすることです。

安定コインはもはや暗号通貨でのみ使用されるものではなく、従来の金融機関によってますます採用されています。例えば、ドイツの主要な取引所であるドイツ取引所も、ユーロ安定コインをその保管および決済システムに統合する準備をしています。規制当局がまだ規制について議論している間、一般的なトレンドは明らかです:安定コインは現代の支払いソリューションとなりつつあり、ビザのような大手組織が採用を推進しています。
翻訳
TOM LEE'S VIEW ON BITCOIN AND ETHEREUM Tom Lee believes that the current decline is nearing a bottom, especially with Ethereum, which could bottom out this week or in the next few days. Tom predicts that the market will bounce in a V-shape thanks to increased liquidity after the US government shutdown ends and the FED becomes more dovish with the possibility of a new Chairman. According to Tom, this will push prices up sharply until the end of January, with ETH possibly reaching $7,000 to $9,000 and Bitcoin surpassing its ATH.
TOM LEE'S VIEW ON BITCOIN AND ETHEREUM

Tom Lee believes that the current decline is nearing a bottom, especially with Ethereum, which could bottom out this week or in the next few days.

Tom predicts that the market will bounce in a V-shape thanks to increased liquidity after the US government shutdown ends and the FED becomes more dovish with the possibility of a new Chairman. According to Tom, this will push prices up sharply until the end of January, with ETH possibly reaching $7,000 to $9,000 and Bitcoin surpassing its ATH.
翻訳
This is $BTC's 2nd worst Q4.
This is $BTC's 2nd worst Q4.
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ブリッシュ
翻訳
The 4-year cycle of Crypto has changed – and those who do not adapt will be left behind In the past, crypto ran according to the plan: halving → pump → FOMO → crash → hibernation. A 4-year cycle was predictable. But the world has now turned a new page. Bitcoin is no longer just “digital gold”, Crypto has expanded into a parallel financial system: stablecoins, tokenization, DeFi, digital identity, prediction markets, DePIN, decentralized AI… and large organizations jumped in as a lever to completely change the market rhythm. The biggest difference? The cycle is no longer simply driven by halving – it is dominated by global liquidity and institutional money flow. US ETFs reach a volume of 10–12B USD/day; this is not a game of experience or emotions, but a long-term strategy accumulation machine. Tether pumps liquidity, USDC inflow increases sharply every time the price turns red. Whales borrow ETH to pump the price and then collect it. Order books are still thick, institutions have not left the table. Hashprice has bottomed – a classic signal before big bounces after miner capitulation. ETF Realized Price around 79–80k is the area that institutional capital always protects. So the recent dumps are not “cycle end”, but a process of reset – redistribution – cleaning leverage, exactly like the phases of 2016 or 2020, but on a much larger scale. Crypto today no longer lives on retail sentiment. It lives on cash flow, data and strategies of national and corporate players. The 4-year cycle is not gone – it just evolved into a new complex cycle: driven by liquidity structure, by ETFs, by RWAs, by stablecoin flow, by privacy and on-chain AI.
The 4-year cycle of Crypto has changed – and those who do not adapt will be left behind

In the past, crypto ran according to the plan: halving → pump → FOMO → crash → hibernation. A 4-year cycle was predictable. But the world has now turned a new page. Bitcoin is no longer just “digital gold”, Crypto has expanded into a parallel financial system: stablecoins, tokenization, DeFi, digital identity, prediction markets, DePIN, decentralized AI… and large organizations jumped in as a lever to completely change the market rhythm.

The biggest difference? The cycle is no longer simply driven by halving – it is dominated by global liquidity and institutional money flow.

US ETFs reach a volume of 10–12B USD/day; this is not a game of experience or emotions, but a long-term strategy accumulation machine. Tether pumps liquidity, USDC inflow increases sharply every time the price turns red. Whales borrow ETH to pump the price and then collect it. Order books are still thick, institutions have not left the table. Hashprice has bottomed – a classic signal before big bounces after miner capitulation. ETF Realized Price around 79–80k is the area that institutional capital always protects.

So the recent dumps are not “cycle end”, but a process of reset – redistribution – cleaning leverage, exactly like the phases of 2016 or 2020, but on a much larger scale.

Crypto today no longer lives on retail sentiment. It lives on cash flow, data and strategies of national and corporate players. The 4-year cycle is not gone – it just evolved into a new complex cycle: driven by liquidity structure, by ETFs, by RWAs, by stablecoin flow, by privacy and on-chain AI.
原文参照
ETFキャッシュフローの説明: Farsideが負の(-) 254百万ドルのETFキャッシュフローを報告する場合、これは認可参加者(AP)がETF株式をブラックロックに償還したことを意味し、同じ日に254百万ドルのビットコインが売却されたわけではありません。投資家がIBITを売却すると、彼らは取引所で他の投資家、ファンド、マーケットメイカー、またはJPMorganのようなAPからすぐにお金を受け取ります。ブラックロックはこの取引には関与していません。 IBIT株式を売却または購入した後、マーケットメイカーまたはAPは次のことを選択できます: - 他のバイヤーを待つために在庫として株式を保持する - またはブラックロックからビットコインのために株式を償還する 彼らが株式を償還することを選択した場合、それはFarsideで見る「流出」数を作成するこの交換取引です。 このメカニズムのため、日々の流入および流出の数字は、日々のIBIT取引量を正確に反映していません。これは新しい株式の創出または償還の数字に過ぎず、後でまたはバッチで発生する可能性があります。強いFOMOまたはパニックの日には、これらの数字は実際の購入および販売行動に近くなる傾向があります。 APがブラックロックからBTCを受け取ると、現金が必要な場合、APは自らOTCでBTCを売却し、ブラックロックではありません。したがって、OTC供給が尽きない限り、ETFはスポット価格に直接的な影響を与えることはほとんどありません。これが、ETFのパフォーマンスを真に把握するために、1日だけでなく複数の週にわたってキャッシュフローを追跡することが重要な理由です。
ETFキャッシュフローの説明:

Farsideが負の(-) 254百万ドルのETFキャッシュフローを報告する場合、これは認可参加者(AP)がETF株式をブラックロックに償還したことを意味し、同じ日に254百万ドルのビットコインが売却されたわけではありません。投資家がIBITを売却すると、彼らは取引所で他の投資家、ファンド、マーケットメイカー、またはJPMorganのようなAPからすぐにお金を受け取ります。ブラックロックはこの取引には関与していません。

IBIT株式を売却または購入した後、マーケットメイカーまたはAPは次のことを選択できます:
- 他のバイヤーを待つために在庫として株式を保持する
- またはブラックロックからビットコインのために株式を償還する

彼らが株式を償還することを選択した場合、それはFarsideで見る「流出」数を作成するこの交換取引です。

このメカニズムのため、日々の流入および流出の数字は、日々のIBIT取引量を正確に反映していません。これは新しい株式の創出または償還の数字に過ぎず、後でまたはバッチで発生する可能性があります。強いFOMOまたはパニックの日には、これらの数字は実際の購入および販売行動に近くなる傾向があります。

APがブラックロックからBTCを受け取ると、現金が必要な場合、APは自らOTCでBTCを売却し、ブラックロックではありません。したがって、OTC供給が尽きない限り、ETFはスポット価格に直接的な影響を与えることはほとんどありません。これが、ETFのパフォーマンスを真に把握するために、1日だけでなく複数の週にわたってキャッシュフローを追跡することが重要な理由です。
翻訳
VanEck has just launched a Solana ETF called VSOL. This ETF allows investors to hold SOL and receive staking rewards. VanEck is waiving all management fees for the first $1 billion or until February 17, 2026, and staking service providers are also waiving fees during this time. Sol will to the ....🫡 $SOL
VanEck has just launched a Solana ETF called VSOL.

This ETF allows investors to hold SOL and receive staking rewards. VanEck is waiving all management fees for the first $1 billion or until February 17, 2026, and staking service providers are also waiving fees during this time.

Sol will to the ....🫡 $SOL
翻訳
Ethereum has just launched Kohaku, the largest privacy toolkit ever, to help users transact on the blockchain without revealing personal information. Vitalik Buterin said Ethereum is in the “final stages” of perfecting privacy, as user data is still too easily tracked. Kohaku is a toolkit that helps wallets like MetaMask or Rainbow to be anonymous by default. It creates temporary addresses for sending and receiving funds, separating transactions from the main wallet, so others cannot track onchain history and identity. Kohaku allows anonymity by default, but if needed (e.g., audits, legal), users can self-enable information disclosure. This approach both protects users and suits the needs of financial institutions when using blockchain.
Ethereum has just launched Kohaku, the largest privacy toolkit ever, to help users transact on the blockchain without revealing personal information. Vitalik Buterin said Ethereum is in the “final stages” of perfecting privacy, as user data is still too easily tracked.

Kohaku is a toolkit that helps wallets like MetaMask or Rainbow to be anonymous by default. It creates temporary addresses for sending and receiving funds, separating transactions from the main wallet, so others cannot track onchain history and identity.

Kohaku allows anonymity by default, but if needed (e.g., audits, legal), users can self-enable information disclosure.

This approach both protects users and suits the needs of financial institutions when using blockchain.
翻訳
Privacy trend is no longer an “option”, it is becoming the new standard, and a Privacy project preparing for TGE- Zama, is the leader in the game with FHE technology Zama builds Confidential Blockchain Protocol using burn-and-mint mechanism: ♻️ User pays → burn ♻️ Operators secure the network → mint $ZAMA Clear, fixed on-chain fees in USD: • Encrypt: $0.005–$0.50 • Read private balances: $0.001–$0.10 • Move confidential assets: $0.01–$1 ⚡ Heavy users get up to 100x discount – standard for large apps. Node roles: • FHE Coprocessors → high rewards • KMS Nodes → light, stable Anyone who holds $ZAMA can delegate stake. 💥 If just 10% of crypto goes private, Zama could generate $1B+ in fees/year. This is not a trend. This is core infrastructure for the “privacy-by-default” era. #zec #DASH
Privacy trend is no longer an “option”, it is becoming the new standard, and a Privacy project preparing for TGE- Zama, is the leader in the game with FHE technology

Zama builds Confidential Blockchain Protocol using burn-and-mint mechanism:
♻️ User pays → burn
♻️ Operators secure the network → mint $ZAMA

Clear, fixed on-chain fees in USD:
• Encrypt: $0.005–$0.50
• Read private balances: $0.001–$0.10
• Move confidential assets: $0.01–$1
⚡ Heavy users get up to 100x discount – standard for large apps.

Node roles:
• FHE Coprocessors → high rewards
• KMS Nodes → light, stable
Anyone who holds $ZAMA can delegate stake.

💥 If just 10% of crypto goes private, Zama could generate $1B+ in fees/year.

This is not a trend. This is core infrastructure for the “privacy-by-default” era. #zec #DASH
原文参照
市場が赤に覆われている間、プライバシープロジェクトは依然として非常にグリーンで、$ZEC のリードのもとで進行しています。誰もがプライバシーを求めるとき、プライバシーコインが輝く時です。信じる人々への報酬
市場が赤に覆われている間、プライバシープロジェクトは依然として非常にグリーンで、$ZEC のリードのもとで進行しています。誰もがプライバシーを求めるとき、プライバシーコインが輝く時です。信じる人々への報酬
Cryptomen8686
--
$ZEC が $7.6B の市場資本で先頭を切っています — プライバシーコインの王です。
$LTC ($6.6B) と $XMR ($6.3B) はまだ強さを保っていますが、クジラたちは明らかに ZEC がこのサイクルをリードすると賭けています。

いつものように — ZEC が動くと、$DASH と $ZEN が続きます。
プライバシーは死んでいません。再び始まったばかりです。🧠⚡

#zec #DASH #ZEN #PrivacySeason #CryptoNarratives
原文参照
$DYDX は、プロトコル手数料の75%を使用してトークンを買い戻すことを正式に発表しました! 財団が発表したばかりです:dYdXコミュニティは、プロトコルの収益の75%をオープンマーケットで$DYDX を買い戻すことに投票しました。 ➡️即時有効。 さらに: プロトコル手数料の5%は財務サブDAOに行きます。 残りの5%はMegaVaultに行きます。 この動きは、トークンの長期的な価値を高め、dYdXエコシステムの財務力を強化する戦略を明確に示しています。
$DYDX は、プロトコル手数料の75%を使用してトークンを買い戻すことを正式に発表しました!

財団が発表したばかりです:dYdXコミュニティは、プロトコルの収益の75%をオープンマーケットで$DYDX を買い戻すことに投票しました。
➡️即時有効。
さらに:
プロトコル手数料の5%は財務サブDAOに行きます。
残りの5%はMegaVaultに行きます。
この動きは、トークンの長期的な価値を高め、dYdXエコシステムの財務力を強化する戦略を明確に示しています。
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