Post #8663

📰Crypto’s Last 72 Hours: Everything That Moved the Market The past three days brought policy pressure, governance debates, unlocks, exploits and a few sharp comments from industry names. Here is the full picture, rewritten cleanly and without any dashes or hyphens. ➡️MicroStrategy Reiterates Its BTC Strategy MicroStrategy explained once again that selling Bitcoin is a last resort. CEO Phong Le said this would only happen if mNAV drops below 1 and financing becomes unavailable. The company is not shifting course. With BTC near 87.3k, mNAV is sitting around 1.18. ➡️ China Prepares a New Push Against Crypto Payments Regulators in China are planning a stronger crackdown on the use of cryptocurrencies and stablecoins in payments and transfers. They see renewed risks to the financial system and want stricter enforcement to close the remaining gaps in payment activity. ➡️Cocoon Goes Live Inside the TON Ecosystem Pavel Durov announced that Cocoon is now live. The platform connects GPU providers with privacy focused applications that want confidential AI model execution. More GPUs and developer participation will be added in the coming weeks. The goal is fully private AI experiences for Telegram users. ➡️Vitalik Comments on Zcash Governance Vitalik Buterin said he hopes Zcash avoids token voting. He believes that handing governance to the median token holder would weaken privacy over time. In his view, token holders need to avoid becoming the dominant force in governance for the health of the protocol. ➡️Arthur Hayes Questions Tether’s Resilience Arthur Hayes said that a steep decline in gold and Bitcoin could eliminate Tether’s equity once rate cuts hit its interest income. Paolo Ardoino responded that Tether holds about 7 billion dollars in excess equity and another 23 billion dollars in retained earnings on top of roughly 184.5 billion dollars in reserves. ➡️Hyperliquid Completes Its First Major Unlock The first scheduled unlock for HYPE has taken place. About 354 million dollars worth of tokens were released to core contributors and team members. This represents a little over two percent of supply. The next unlock is planned for December 29. ➡️RLUSD Approved Inside the Abu Dhabi Market Ripple’s RLUSD has been accepted by the FSRA in Abu Dhabi as a fiat referenced token that can be used within the ADGM framework. Licensed firms can now use it in regulated activities. RLUSD is issued under NYDFS rules and has reached a market value above 1.2 billion dollars. ➡️Ethereum Models Signal Undervaluation Ki Young Ju highlighted data from ETHval that shows ten out of twelve valuation models place Ethereum above its current market price. With ETH trading around 2,820 dollars, most models estimate a higher intrinsic value. ➡️HumidiFi Releases the WET Litepaper HumidiFi published its litepaper for the upcoming WET token. The launch is set for December 3 on Jupiter’s DTF platform. ➡️Yearn Faces an Exploit on yETH Yearn’s yETH product suffered an exploit where an attacker minted an effectively unlimited amount of yETH in a single transaction and drained the pool for about one thousand ETH. Some funds were sent through Tornado Cash. Yearn’s V2 and V3 vaults remain safe while the investigation continues. ✅Subscribe to@cryp