Category: News

Jack Mallers admits Bitcoin’s bear cycle has been hammering him hard yet he sees this raw sting as the very thing setting crypto apart from fake traditional finance systems. 🖤

Mallers claims Bitcoin pain serves a twisted purpose 🌙

In his essay posted Friday shortly after leaving Twenty One Capital he explained how these brutal dips reveal truth instead of masking it with bailouts. Mallers originally penned the piece on July 11 before resigning and planned to share it Monday but delayed until his exit went public. He confessed the company he thought he was shaping no longer matched its path pushing him to step aside while owning up to building unmet expectations.

I originally drafted this essay on July 11.

— Jack Mallers (@jackmallers) link

This reflection dives into leadership conviction and failure with BTC trading almost 50% below its peak the emotional weight cuts deeper than mere losses.

I am not writing this from the peaceful other side of the storm. I am still in it.

— Jack Mallers (@jackmallers) link

He contrasts this with governments and banks that shield poor choices through rescues while Bitcoin offers no such mercy leaving lessons unsoftened. Volatility acts as pure data exposing leverage traps and shaky models rather than hiding flaws. 🕷️

Bear markets unveil frailty instead of forging it 🦇

Reflecting on the FTX downfall in 2022 he noted the downturn simply stripped away props propping up weak players and excess debt. Past bull runs influenced his own missteps like mistaking hype for real effort during announcements at the 2022 Bitcoin Conference. His Twenty One departure tested those spoken principles when easier paths beckoned yet he stuck to core beliefs amid the grind.
Debates swirl on whether the bottom has arrived with Grayscale highlighting macro factors over old cycle patterns though some still await one final dip. Mallers skips price guesses focusing instead on how this discomfort keeps Bitcoin authentic and unfiltered. ✨ 💀 🕸️ 🌑

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Just another echo from the void by iconofsin.eth 💖

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NoName just pointed out how Ethereum slipped into that eerie price zone where bear markets usually bottom out, with those four lower highs stacking up like shadows in a forgotten crypt. 🌑

Tracing The Downtrend’s Sinister Path 🖤

The trader keeps stacking through this dip and eyes $7000 long term, noting how the same crowd that hyped ETH at $4957 now shuns it below $2000 even though the network itself stays unchanged. That shift screams pure psychology marking the floor 🕸️. NoName shared the chart via X showing peaks at $4957, $3400, $2460 and $1950 pushing price right into the $1300 to $1900 range.

Psych Signals And Fresh Momentum 🌙

A bullish MVRV crossover against the 160-day average flashed up as noted in this post on X, often a prelude to big recoveries. Meanwhile the 30-day funding rate average on Binance hit 0.00339, its peak in six months while ETH hovered near $1920. The token trades just under $1900 now, up 12% monthly yet 62% off the $4946 high from last August.

Doubt Lingers Amid Whale Moves 🦇

CryptoQuant warns only two of five bottom metrics hit extremes and capitulation remains missing. Still whales accumulate, with one wallet grabbing 27000 ETH worth $52000000 via Galaxy Digital OTC and Arthur Hayes adding 644 ETH for a total of 3270 over eight days. Spot Ethereum ETFs pulled over $408 million this month while Kalshi prices point near $3200 by year end.

Analyst Nonzee sees one more push to $2000 or $2200 if Bitcoin hits $70000 but flags it as a potential trap before a drop to $900 to $1300, though his long horizon also lands at $7000 🔮.

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Just another echo from the void by iconofsin.eth 💖

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Senate Democrats are launching a bold new effort to overhaul the ethics rules in the CLARITY Act after rejecting the White House backed version from GOP senators according to Politico 🖤.

Senate Clash Over Crypto Ethics 🕸️

Senator Ruben Gallego slammed the latest draft calling the Republican counteroffer not a serious effort even after months of bipartisan talks 🔮. The main fight centers on stopping President Donald Trump from gaining financially from digital assets. Democrats refuse to back ethics rules enforced only by the Department of Justice and want state attorneys general to hold enforcement power too 🌙.

Gallego noted in a Thursday interview he can not picture that as a real attempt after all the work with Republican colleagues where they took months of effort and turned it into something not even close 💀.

He is now teaming up with Senator Thom Tillis and other Republicans on a fresh counterproposal insisting the fight continues. Lummis supported the original draft while Tillis called the White House version good yet admitted tweaks might be needed for 60 votes. Another round of White House talks is set to check if changes suit the president.
This stalemate has thrown the bill timeline into question as Senate Majority Leader John Thune no longer expects passage before the August recess. Prediction market odds for the CLARITY Act have dropped to 31 amid the ethics deadlock 🦇. Hopes for regulatory clarity were fueling bullish crypto vibes this year but delays are shifting momentum.

Finding a Crypto Compromise 🌹

Coinbase CEO Brian Armstrong warned that parts of the business could shift overseas without clear US crypto rules 🕷️. He wants to keep operations local yet stressed clarity is key to avoid capital and users moving offshore.
Crypto commentator Crypto Sensei suggested a middle path to break the deadlock by keeping the DOJ as lead enforcer with set investigation deadlines plus an independent ethics body and limited state attorney general intervention if the DOJ stalls.

Keep DOJ primary with statutory deadlines create independent ethics review and allow state AGs only if DOJ fails plus annual transparency reports on complaints

— Crypto Sensei (@Crypt0Senseii) July 23, 2026

This approach adds yearly disclosures on ethics complaints and actions for full transparency in DeFi spaces.

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Just another echo from the void by iconofsin.eth 💖

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In the summer of 2024 a meme coin named DADDY exploded across crypto X with its price rocketing up in mere days 🖤 while Andrew Tate’s endorsement fueled wild swings that kept DeFi watchers glued to charts 🌑.
Just days ago his arrest sparked a steep drop in DADDY’s value so let’s unpack the chaos 💀.

Tate Caged In Shadows 🕸️

Besides his kickboxing fame Tate has grabbed headlines for endless legal battles across UK Romania and the USA with countless arrests over the years.
On July 19 he and his brother Tristan got detained in Miami after British authorities dropped 38 fresh charges including rape bodily harm and human trafficking detained 🦇.
“We have decided to prosecute Andrew and Tristan Tate for further offenses including rape arranging or facilitating trafficking for sexual exploitation and offenses relating to indecent images of a child” said Malcolm McHaffie head of the Special Crime Division at the CPS.
Andrew who denies everything faces trial in Britain later this year and his latest X post reveals he’s stuck in a Special Housing Unit described as the highest security level with zero outside contact no visitations and a cannibal neighbor screaming all night 🌙.
Several X users questioned how he tweets from total isolation while his remarks stirred fresh drama.
His social media access might shock folks but DADDY’s price action feels predictable as it tumbled about 40 percent since the arrest now sitting at 0.0092 per CoinGecko with market cap shrinking from 8 million to under 5 million 🕷️.

DADDY Fades From Hype To Dust 🥀

Nearly two years back the token launched as a rival to MOTHER the Iggy Azalea-linked meme coin and Tate backed it for the patriarchy in a big X shoutout.
His support and early frenzy sent the price soaring toward 0.30 with market cap eyeing 100 million.
Yet DADDY runs purely on speculation and social buzz so its plunge came as no shock especially after insider trading claims hit Tate.
His latest X update from isolation shows the token’s wild ride mirroring every twist in his saga.

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Just another echo from the void by iconofsin.eth 💖

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