I just voted to stay and build a techno-optimist community with the Network School Farcaster core team. We’re going to implement a Singapore-like code to ensure positive-sum behavior within this app, as distinct from the hostility of most social media. It’s an experiment in decentralized digital democracy, where everyone who’s here has freely opted in. Here’s my onchain vote for the new social smart contract: https://basescan.org/tx/0xc0e3079b7e7df5958fd4d30c842536300494f64d0fd9334ae8c0c17ae1da7166
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I just joined Mayhem.
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Arthur Hayes says the recent BTC dump likely wasn’t bad news or retail panic 🔥 his take: big banks hedging exposure from derivatives tied to BlackRock’s Bitcoin ETF (IBIT). when price hits certain hidden levels, they’re forced to rapidly buy or sell spot BTC to hedge, creating sudden sell pressure and sharp drops. he’s now trying to map these trigger levels, because they can cause violent moves up or down. bitcoin today is increasingly driven by ETFs, wall street products, and complex financial mechanics — not just simple supply/demand. if you’re still trading like it’s 2017, ngl, you’ll struggle. adapt or get left behind.
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