Ethereum reached ATHs in:
- Transaction count
- Active addresses
- Throughput (1.88 mega gas per second)*
*Throughput: the total compute (gas) those transactions consume not just transactions per second.
ERC20 transfer ~ 40k. Swap 350k gas.
$ETH ATH soon to follow.

POOF!
Your money is gone.
$440M in long positions liquidated in just this 1 hour candle.

Crypto Fear and Greed Index: 60 (Greed) - not yet extreme.
Higher!

TL;DR - Circle's Arc
"Arc aims to be a top platform for tokenized, yield-bearing assets."
Centralization & TPS:
- Permissioned Validators: Regulated institutions (sic!) running a Tendermint-based PoA consensus (Malachite).
- ~ 3,000 TPS with a finality under 350 ms using 20 validators
- With four validators: 10,000 TPS, and finality is under 100 ms
In comparison, Solana pushes 4k-5k tps with 400-500 ms finality but SOL is more decentralized.
Privacy:
- Opt in Privacy: Confidential transfers (hidden amounts, visible addresses) with selective disclosure via "view key."
MEV:
- MEV Mitigation Road

Crypto people around me are planning to sell.
Some are already offloading, particularly those for whom it's their 3rd cycle.
It's not just my environment: the retail vs large investor holdings chart shows that retail is selling to whales/institutions.
Btw, similar picture applies for ETH and BTC.
My worry: Will the buying power of institutions, DATs, and other whales offset the selling by the retail crowd?
Or will they run out of steam?
Ideally, it's a multiyear process and a steady price increase will shake out weaker hands gradually.
The most entertaining outcome would be crypto pumping even

Marginfi launched a points program 2 years ago. Still no token.
Despite launching early, Marginfi's TVL is dropping, while Kamino continues to grow.
I moved my assets from MarginFi to Kamino expecting a 'faster exit'.
Good call.
Surprisingly, even after the airdrop, I continued to use Kamino due to its useful features (multiply) and its more predictable token incentives campaign.
$KMNO just needs to pump to catch up with fundamentals.

Lido DAO proposes a dynamic buyback of up to 70% for $LDO
With over $145M in stables and stETH sitting idle, the DAO is looking to return value to holders.
These assets generate no revenue. Time to put them to work.
The proposal:
• 70% of NEW incoming assets → $LDO buybacks
• 30% retained for ops & strategy
Why like this?
To ensure the DAO doesn't run out of development money.
There are some 'safeguard thresholds' the DAO should not cross.
- If Treasury sits between $50M and $85M, buybacks drop to 50%.
- If the liquid treasury falls below $50M, buybacks stop.
Great to see a DeFi giant being se