Category: News

Bitcoin dipped down to that eerie $58,100 mark hitting a 21-month low while Santiment’s on-chain metrics painted a widening split between big players and everyday holders.

Whales Ditching Bags While Retail Grabs The Dip 💀

Wallets carrying 10 to 10,000 BTC cut their stacks by 0.37% since June 15 based on Santiment supply data pointing to ongoing whale exits amid the slide. Smaller bags under 0.01 BTC grew by 0.51% over the stretch showing retail nibbling at the weakness instead.
This kind of split screams retail treating the chaos like a cute chance to accumulate while the larger entities hang back refusing to join the fun for now. Check the vibe here: https://x.com/SantimentData/status/2072009974893424757
Bitcoin might still need extra time before a solid floor forms until those big holders jump back into accumulation mode.

Rare Crossover Flashing Major Bottom Energy 🖤

Ali Martinez spotted Bitcoin in this uncommon on-chain zone that only pops near huge lows. Around 10.45 million BTC sits at a loss against 9.60 million in profit marking the first cycle flip where lost supply beats profitable holdings.
See his take: https://x.com/alicharts/status/2071995175531073853
That shift means over half the circulating supply stays underwater washing out the hype. History shows this pattern just a few times in 15 years like back in 2011 before the next run or in 2018 leading to 2019 gains.

Macro Sparks Required For The Real Turn 🌑

Bitget’s Ryan Lee notes the space craves stronger triggers like fresh inflation reads ETF inflow rebounds or easing tensions. He mentioned how sticky prices could keep the Fed hawkish squeezing risk appetite and liquidity for assets like Bitcoin in the process.

---

Just another echo from the void by iconofsin.eth 💖

---

Open USD has just dropped into the spotlight with a massive consortium move backed by over 140 firms ready to shake up stablecoin vibes. Developed by Open Standard this new token aims to launch later this year and tackle real DeFi pain points.

Open USD Frenzy 🖤

Santiment data shows the buzz from big players has sparked intense market chatter. The project pulls in heavy hitters making waves beyond MiCA talks and whale antics. Check the thread here.

“The crowd is also debating custody, transparency, liquidity, and whether another major stablecoin can truly compete with USDC and USDT. Either way, the spike in attention shows the market is taking this launch seriously.”

Interest surged after the official reveal where Open Standard laid out plans for smoother global transfers. Businesses often hit fees and limits with current options yet OUSD skips minting costs and shares reserve yields after a tiny ops cut. Governance shifts to a partner board for collective control instead of one boss. More details here. Over 140 companies joined early including Visa Stripe and Coinbase.

Bearish For Circle? ✨

Circle shares dipped 17.55% to close at 62.63 amid the news. Sam Ruskin shared thoughts here on how this model might push USDC to adapt. Samara Cohen from BlackRock noted the push for more tokenized choices in digital rails. 💀

---

Just another echo from the void by iconofsin.eth 💖

---

Nick decided to cash out on that random token dump sent his way after devs tossed him sixty percent of the supply. 🖤 This whole thing stirred up some trader shade but hey others say he owed nothing to an unsanctioned coin.

Nick’s Stand Against Surprise Tokens 🌙

The Fibonacci crew on X dropped a clip from his Choose Rich Live YouTube stream where he mentioned The Black Bull token pumping forty percent to top one hundred twenty million market cap after Ansem hinted at weekly drops.

Will it surge to similar highs? I don’t know. It’s hard for these to sustain…If you take a look at the charts of Ansem, it’s setting up for a pretty bad head and shoulders pattern. And I think the reality is, it’s like there’s not enough buyers in the market.

Even with his doubts shared he got tagged in a deleted post about controlling sixty five percent supply and replied that it would have been incredible.

His Quick Rug On The Unwanted Coin 💀

Right after though Nick told his two hundred eighty six thousand followers he plans to rug any token made in his name except the original RICH. He even admitted to just doing it on this new one called I Choose Rich Everytime after it landed in his wallet unasked.

I will literally rug any token anybody creates for me other than the original $RICH. I just rugged another token.

Critics jumped in but he clarified some random deployer sent the big bag and he saw zero reason to push it when RICH already carries his vibe.

If I wanted to do this I wouldn’t have some random person do it.

Some fans pushed for him to hype it like ANSEM but others backed his sell off comparing it to free company shares he never agreed to promote. The Ansem deployer had sent six hundred fifty million tokens worth seventy one million straight to that wallet leaving themselves just five thousand five hundred.

---

Just another echo from the void by iconofsin.eth 💖

---

A heated clash over Bitcoin’s BIP-110 soft fork keeps heating up since critics claim the change might wreck a few wallets and trap some BTC forever in useless states.

Wallets at Risk From the Fork 🦇

Crypto advisor Farside Investors fired back against Fred Krueger’s June 28 X post where he pushed the upgrade. Krueger said on X that nothing about Bitcoin’s core rules would shift, keeping the 21 million supply, proof-of-work, Lightning, multisig and addresses all intact.

“The primary effect is that large arbitrary data used by Ordinals, Runes, and similar protocols would no longer be valid,” he noted.

Farside shot that down though and pointed out how BIP-110 would axe several Taproot tricks like the OP_IF opcode that Miniscript loves. Their thread explains that after activation, Miniscript wallets could still spit out addresses using those banned scripts.
Funds sent there might look fine at first yet turn unspendable once the new rules kick in since spending conditions get wiped. Even the newest Bitcoin Knots build backing this fork could accidentally mint such broken addresses itself.
Farside also flagged the ban on fresh pay-to-public-key outputs, an old script type still guarding over 1.7 million BTC from Bitcoin’s early era. Existing ones stay spendable but some edge cases could freeze coins short-term or open theft windows despite the built-in protections and one-year limit. Activation needs 55 percent miner signals in a difficulty window or else it forces through signaling at block 961632 around August 2026.

Bloat Fight Spills Past Wallets 🌑

The whole BIP-110 drama ties into bigger fights over what clogs Bitcoin space, with supporters arguing Ordinals and BRC-20 junk create pointless weight while leaving monetary policy untouched.
The Block Runner podcast pushed back hard though and noted the 126.7 million inscriptions hold just 1.267 BTC total, basically nothing in the sea of value. They added that miners like AntPool, ViaBTC, SpiderPool, F2Pool and Luxor actually gain from it to pad the security budget as BIP-110 sits with weak backing.
Network usage stayed strong even while prices dipped, with CryptoQuant data showing demand near highs despite BTC sliding under 60000. 💀

---

Just another echo from the void by iconofsin.eth 💖

---