๐ #S Sonic Labs announced a shift from a gas-feeโcentric Layer 1 value-capture model to a vertically integrated strategy. The team plans to build or acquire core applications and financial primitives to internalize key economic activity and direct trading fees, protocol income, and application revenues to the S token.
They stated that transaction fees alone are insufficient for sustainable value capture amid blockspace oversupply and ongoing fee compression. Sonic aims to deploy integrated products across trading, lending, payments, and settlement, leveraging Fee Monetization to recycle gas fees for user onboarding and micro-CAC, while phasing out airdrops and low-efficiency incentives. Future S token buybacks will be funded by protocol-generated revenue rather than treasury drawdowns. link
They stated that transaction fees alone are insufficient for sustainable value capture amid blockspace oversupply and ongoing fee compression. Sonic aims to deploy integrated products across trading, lending, payments, and settlement, leveraging Fee Monetization to recycle gas fees for user onboarding and micro-CAC, while phasing out airdrops and low-efficiency incentives. Future S token buybacks will be funded by protocol-generated revenue rather than treasury drawdowns. link
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Sonic (@SonicLabs) on X
Vertical Integration: The Missing Link in L1 Value Creation
๐ Top 5 News for 24 Hour:
1. Standard Chartered partners with liquidity provider for crypto access. โ Read full
๐ 417 | โค๏ธ 0 | ๐ 6
2. Whale opens $204.5M ETH long, possibly linked to Matrixport. โ Read full
๐ 345 | โค๏ธ 0 | ๐ 6
3. Machi's $ETH long position liquidated, loss over $27.52M. โ Read full
๐ 332 | โค๏ธ 0 | ๐ 6
4. S&P Global acknowledges Bitcoin as collateral asset. โ Read full
๐ 278 | โค๏ธ 0 | ๐ 6
5. Jack Yi's Trend Research, Asia's largest ETH long holder, closed out $2.1 billion position with final P& โ Read full
๐ 353 | โค๏ธ 0 | ๐ 5
EXCAVO | Academy | News | YouTube
1. Standard Chartered partners with liquidity provider for crypto access. โ Read full
๐ 417 | โค๏ธ 0 | ๐ 6
2. Whale opens $204.5M ETH long, possibly linked to Matrixport. โ Read full
๐ 345 | โค๏ธ 0 | ๐ 6
3. Machi's $ETH long position liquidated, loss over $27.52M. โ Read full
๐ 332 | โค๏ธ 0 | ๐ 6
4. S&P Global acknowledges Bitcoin as collateral asset. โ Read full
๐ 278 | โค๏ธ 0 | ๐ 6
5. Jack Yi's Trend Research, Asia's largest ETH long holder, closed out $2.1 billion position with final P& โ Read full
๐ 353 | โค๏ธ 0 | ๐ 5
EXCAVO | Academy | News | YouTube
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Crypto News Aggregator by EXCAVO
๐ฆ #BTC Banking giant Standard Chartered announces partnership with a liquidity provider "to improve institutional access" to Bitcoin and crypto.
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๐ฃ BlackRock's Nicholas Peach says a 1% allocation to Bitcoin and crypto in standard portfolios across Asia could see nearly $2 trillion of inflows. link
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๐งโ๐ป Elon Musk's X announces it is generating $1,000,000,000 per year from subscriptions.
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๐ฃ Strategy CEO Phong Le announced that their preferred stock โStretchโ closed at $100 today, indicating plans to purchase more Bitcoin. He stated, "The story of the day is Stretch closes at $100, exactly how it was engineered to perform."
๐ "I'm buying Bitcoin. I'm pumped. I'm shocked we get another bite at the apple at this level. I never thought I would buy it under $70k," says VaynerMedia CEO Gary Vaynerchuk. link
๐ Public company DDC Enterprise $DDC buys an additional 100 Bitcoin and now holds a total of 1,988 BTC.
Bitcoin 100 Ranking: 35 link
Bitcoin 100 Ranking: 35 link
๐ต๏ธ 354,947,658 #USDC (355,040,121 USD) transferred from Coinbase Institutional to Coinbase link
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๐บ๐ธ๐ค Tether USA CEO Bo Hines stated that Tether plans to significantly increase its U.S. Treasury bill (T-bill) purchases in 2026, aiming to become a "top 10 T-bill buyer."
According to the latest attestation, Tether currently holds over $122 billion in T-bills, surpassing Germany and representing 83.11% of its reserves.
The growing demand for Tether's flagship stablecoin $USDT, along with the recent launch of its GENIUS Act-compliant $USAT stablecoin, is expected to further boost Tether's T-bill holdings. #stablecoin link
According to the latest attestation, Tether currently holds over $122 billion in T-bills, surpassing Germany and representing 83.11% of its reserves.
The growing demand for Tether's flagship stablecoin $USDT, along with the recent launch of its GENIUS Act-compliant $USAT stablecoin, is expected to further boost Tether's T-bill holdings. #stablecoin link
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The Block (@TheBlockCo) on X
Tether could become 'top 10 T-bill buyer' this year, USAT CEO Bo Hines says https://t.co/EITuSWYPDh
๐ค After LayerZero announced plans to launch its Layer 1, Zero, Alameda's bankruptcy wallet swapped 129.04M $STG ($24.49M) for 11.14M $ZRO ($24.29M). link
๐ต๏ธ Trader 0x4321, who once lost $3.2M shorting $BTC, is back after being inactive for over 2 months.
He just opened a 10x short on 99 $BTC ($6.7M).
Liquidation price: $76,202.53 link
He just opened a 10x short on 99 $BTC ($6.7M).
Liquidation price: $76,202.53 link
๐ค DCG CEO Barry Silbert stated that 5%-10% of Bitcoin will likely flow into privacy-focused cryptocurrencies like Zcash over the next few years as the crypto market evolves. He emphasized that privacy coins represent an asymmetric investment opportunity similar to Bitcoinโs early days, with Zcash having the potential for 100x, 500x, or even 1000x returns, which he believes is unlikely for #BTC. link
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The Block (@TheBlock__) on X
DCG's Barry Silbert: 5%-10% of Bitcoin 'is going to find its way into privacy-focused crypto,' like Zcash https://t.co/vsN4iDEusU
๐ต๏ธ Arthur Hayes has bought an additional 20,274 $HYPE for $603K and now holds 189,195 $HYPE worth $5.79M. link
๐ Aztec trading will start on Bybit, KuCoin, Gate, and others on February 12 at 7:00 UTC.
Aztec has raised $119 million from Paradigm, a16z, ConsenSys, Coinbase, and others. link
Aztec has raised $119 million from Paradigm, a16z, ConsenSys, Coinbase, and others. link