Faraj’s Crypto Journal
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it’s Faraj Co-founder & CBDO of CrossCurve by Eywa, founder of Ace Capital & Crypto Executives (2500+ C-level network)
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I just returned from one of the largest oil and gas events, which brought together more than 200,000 people under one roof.

I spoke with executives from Shell, Total, DNO, and other companies about how artificial intelligence, automation, and blockchain could change global energy logistics and infrastructure-and it became clear that the change has already begun.

It's always nice to see familiar faces and witness a new wave of innovation emerging from old foundations 🙌
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#informal

Guys worth this hashtag I will spice the things up with some ideas that will blow your mind if you take a minute or better five and rewatch it a few times - like this one from Pavel Durov

If anyone experienced depression speak up in comments . This will help those who experience it now and do not want to talk about it. Think of Chester Bennington from Linkin Park or Kurt Cobain From Nirvana that died from it.

https://www.instagram.com/reel/DQwdpNRj6Sn/?igsh=MW0zcWoyczYwNjY5Mg==
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Michael Saylor is at it again - MicroStrategy just bought 487 more BTC worth about $49.9M, at an average price of roughly $102,557 per coin.

That brings the company’s total holdings to 641,692 BTC, now valued at around $68 billion.

Saylor keeps doubling down on his long-term bet that Bitcoin will outlast everything else — no leverage, no selling, pure conviction.

At this point, he’s less of a CEO and more of a Bitcoin nation-state in one man’s form 🟧
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#past #personal
“When I Decided to Go All-In”

My journey into crypto began back in 2020–2021 — on my son’s birthday, of all days.
That’s when I met an Azerbaijani investor — a guy who had been in crypto since 2016 and in the stock market since 2014, running several businesses of his own.

At that time, I was still an oilman — working for one of the largest oil companies in the Iraqi Kurdistan region, managing drilling operations from Dubai.
I had just finished my MBA at Warwick Business School, had a bit of free time to explore new fields — and that’s exactly when crypto entered my life.

Then came 2021 — the crypto summer.
We started shaping the idea of a fund in Dubai to invest in crypto projects. (I’ll share that story later.)

Everything started spinning fast.
At first, I didn’t go all-in — I stayed in oil & gas until 2022.

But in June 2022, I finally went all-in.
I left the oil industry and joined a blockchain project — EYWA (now CrossCurve) — as CBDO and late Co-Founder.
That same week, we received a $200K investment from Big Brain Holdings, one of the major crypto funds from the U.S.
And that same week — LUNA collapsed.
$60 billion vanished from the market in just a few days.

I’ll tell you how that unfolded in future posts.
But for now, I want you to listen to one line from this video:
🎥 https://www.instagram.com/reel/DOiuigxE9aK/?igsh=MTI0M3JlZHg5bjh3eQ==

I completely agree with Lex Fridman:

“If you want to achieve something — pick one thing and go all-in.”

I spent 15 years in oil & gas — and I was all-in.
I wasn’t chasing hundreds of random things. I was fully in it.
Yes, I invested in real estate and stocks, and I knew about Bitcoin back in 2011–2012, when it jumped from $11 to $20 — and everyone called it a bubble.
But I didn’t invest — and honestly, that saved me from losing money in countless distractions.

Back then, I was all-in on oil & gas.
People often ask me: “Do you regret it?”
My short answer — No.
Because if I had scattered my focus, I probably wouldn’t be where I am today.

So listen to an old oilman who found his way into crypto —
if you choose a path, go all-in.

What about you guys?
Would you rather focus or diversify?
Share your thoughts in the comments.

With love and gratitude,
Faraj
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🎤 Tom Lee from Fundstrat just put it bluntly: 1–2 big crypto market makers are sitting on a serious hole in their balance sheets, and the sharks are circling to trigger liquidations and push prices lower.

The pain is short term, the ETH supercycle is intact, but now is not the time to play with leverage.

In other words: this looks like a structural liquidity shakeout, not a death sentence for ETH - survive the volatility first, then think about upside🤷‍♂️
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🇧🇴 Bolivia is quietly making a very real move in the right direction.

Reuters reports that the country is preparing to integrate crypto into its financial system starting with stablecoins.
And the key point: banks will be allowed to provide crypto services inside the official payment system.

But honestly, this is just legalizing what has already been happening on the ground:

• small businesses have been using USDT for a long time
• everyday users already rely on stablecoins
• bottom-up dollarization has outpaced the regulators

Now the government is simply catching up with the market))
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An interesting thought popped up in my feed today: according to a model that links the price of BTC to global liquidity, the “fair” value of Bitcoin is currently somewhere around $165K.
The correlation there is almost perfect, and it looks as if the market is simply lagging behind the macro cycle.

This is not a forecast, but an interesting signal that the fundamental picture for BTC remains bullish🔥
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Interesting market update: on December 10, Coinbase will list $HYPER 👀
The project has been moving fast, and getting listed on a platform of this scale is a solid boost for visibility and liquidity.

Let’s see how the market reacts on launch day)
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Aevo is in trouble ❗️
The old Aevo protocol storage facilities were hacked for +- $2.7 million.

Important: active products were not affected, and the exchange is operating as usual.
The team is already tracking the stolen funds together with CEX and security partners.

A classic case: legacy contracts are the weakest link.
The conclusion is simple: in DeFi, “old” almost always equals “risk.”))
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🇺🇸 Important reversal from the Fed.

The Federal Reserve has canceled the 2023 directive, which effectively closed access to the Fed system and work with crypto assets for uninsured banks.
It was on the basis of this document that Custodia Bank was previously “turned away” and denied a Fed master account.
What this means in practice:

Pressure on crypto banks is easing
The regulatory door is ajar again
The US is gradually moving away from the harsh anti-crypto stance of 2022–2023
It's not a “green light,” but it's clearly a step toward normalization.

Crypto is once again becoming part of the financial system, rather than the enemy🤝
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Aster quietly rolled out a pretty serious move for $ASTER 👀

From Dec 23 they’re launching Stage 5 Buyback: up to 80% of daily platform fees will go into buybacks.
• 40% automatic daily buyback
• 20–40% reserved for strategic buys when market gives good entries

Everything is on-chain, transparent, and trackable.
Not hype - just structured tokenomics and long-term thinking.

Worth keeping an eye on how this plays out :)
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Ethereum is showing interesting dynamics again 👀

Token Terminal recorded a historic high in developer activity:
in Q4, +8.7 million smart contracts were deployed on the network.

While some argue about a “dead market,” developers simply continue to build.
The infrastructure is alive, the ecosystem is expanding, the code is being written - the rest will follow.
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I read Ripple's forecast for 2026, and honestly, it sounds pretty realistic.

Crypto is ceasing to be an “alternative to the system” and is increasingly becoming part of it. Stablecoins are moving into B2B, institutions are entering not through hype but through balance and custody, and banks are starting to play seriously rather than watching from the sidelines.

The most important thing here is not even XRP or Ripple. What is important is that the market is finally shifting from speculation to infrastructure. Payments, liquidity, on-chain settlements, automation through AI.

If at least half of this comes to fruition, then 2026 will truly be the point after which no one will seriously talk about “crypto outside the financial system” anymore)
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Judging by the liquidation map, the market is currently skewed towards shorts 👀

If BTC jumps sharply to ~$97,900, short sellers will lose almost $6.7 billion.

For ETH, moving towards ~$3,250, potential short liquidations exceed $5.1 billion.

When there is so much leverage on one side, the market rarely stays calm.
Usually, what follows is either a sharp squeeze or a harsh lesson for those who are too confident in the direction)
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Aave is reviewing its multi-chain strategy 💬

Aave DAO is proposing to freeze Aave V3 markets on zkSync, Metis, and Soneium. The reason is simple: almost zero TVL and revenue with constant costs.
For new launches, they want to introduce a strict condition - a minimum of $2 million in annual revenue for Aave, otherwise the network will not be considered.

At the same time, Aave Labs is closing the Avara brand and winding down the Family wallet, returning its focus entirely to the core DeFi protocol.

Less dispersion, more economy 📣
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21Shares has filed an application with the SEC to launch the #ONDO ETF

Finally, we are seeing some positive movement 🔥
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📊 Aave is considering a major shift

Aave Labs is proposing a straightforward idea: all revenue from Aave products should go directly to the DAO treasury.
Here are the key points:

100% of revenue from the website, app, Aave Card, etc. → DAO
Aave V4 is intended to be the basis for all future updates
Labs is requesting $25 million + 75k AAVE for development and marketing
and an additional $5 million for each new product

A temp check - a trial vote is currently underway.
If the community supports it, a detailed plan will follow.

It looks like an attempt to finally establish Aave as a DAO, rather than a “protocol with a company on the side.” Let's see how the vote goes)
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A bit of a cold shower for the market))

The CEO of CryptoQuant believes that we are still in a bear market and BTC could fall to ~$55k before a normal reversal.

Money seems to be coming in, but the market is not growing — there are more sellers than real demand. ETF inflows have cooled, institutions are reducing risk, and large sales are visible on the on-chain.

There are essentially two scenarios:
— either we reach ~55k and start to recover from there,
— or we'll be stuck in a sideways range of 60–70k for months.

The situation is even tougher for altcoins: real money is only going into select stories with ETF hopes. There is simply no overarching narrative driving everything right now.

The market requires patience 🙌
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