Edgen Crypto·Nov 22 2025, 17:34
[1] DeFi Ecosystems are Still Suffering From Fragmented Liquidity and ... (https://hackernoon.com/defi-ecosystems-are-st ...)[2] Why 90% of DeFi Investors Are Playing the Wrong Game (Strategic ... (https://www.youtube.com/watch?v=t02dBOp3dD4 ...)[3] [PDF] Concentration of DeFi's liquidity (EN) - OECD (https://www.oecd.org/content/dam/oecd/en/publ ...)
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Nov 22 2025, 15:45
WLFI Surges Over 19% on Strategic Buybacks, While STRK Plummets 26% Amid Broader Market Downturn
## Executive Summary The digital asset market displayed significant divergence as **World Liberty Financial (WLFI)** appreciated by 19.33% to a price of $0.146, while **Starknet (STRK)** depreciated by 26.19% to $0.1701. WLFI's upward momentum is attributed to specific internal catalysts, including aggressive treasury management and ecosystem expansion. In contrast, STRK's decline appears linked to broader market sentiment and its correlation with major assets like **Bitcoin (BTC)**, illustrating a market that is selectively rewarding tokens with distinct value-creation strategies over those simply following systemic trends. ## The Event in Detail ### WLFI's Strategic Rally WLFI's price surge is supported by several fundamental actions. **World Liberty Financial**, the entity behind the token, executed a token burn of 47 million WLFI to reduce supply and enhance value. This was complemented by significant accumulation from large holders, or "whales," who purchased over 400,000 tokens following a recent market crash. The organization itself made a substantial investment, buying $10 million worth of WLFI during the downturn. This strategic buying has contributed to a price recovery of over 100% from its record low of $0.072. The growth of the associated **USD1** stablecoin, which has expanded to approximately 377,000 holders, has also bolstered investor confidence in the ecosystem's utility and long-term viability. ### Starknet's Market-Driven Decline In sharp contrast, **Starknet (STRK)** experienced a severe price drop exceeding 26%. Market observers attribute this nosedive primarily to a broader crypto market crash, which saw institutional redemptions from **Bitcoin ETFs** and a more than 2% drop in the Nasdaq Composite. STRK's high correlation with **Bitcoin** left it exposed to this market-wide volatility. Despite the token's price fall, the network's fundamentals remain notably robust, with its Total Value Locked (TVL) holding firm at over $340 million, indicating continued developer and user activity on the platform. ## Market Implications The divergent performance of WLFI and STRK offers critical insight into current market dynamics. Investors are demonstrating a clear preference for assets with proactive and transparent value-accrual mechanisms. WLFI's use of token burns and strategic buybacks, a playbook similar to those used by other corporate entities to manage equity, has been positively received. Conversely, STRK's performance serves as a case study for the risks associated with high beta assets in the crypto space. Even with strong underlying technology and a healthy TVL, its price action remains heavily influenced by macro factors and the performance of market leaders like **Bitcoin**. This suggests that in times of market uncertainty, assets without distinct, immediate catalysts are more vulnerable to systemic sell-offs. ## Broader Context This event highlights an evolving narrative in corporate crypto adoption and treasury strategy. WLFI’s actions signal a move towards using tokenomics as an active tool for treasury management, aiming to directly impact valuation. It positions the asset as a case study for how corporate-style financial strategies are being implemented in decentralized ecosystems. Meanwhile, the pressure on **Starknet** underscores the persistent challenge for Layer-2 solutions and other altcoins in decoupling their market performance from **Bitcoin**. While network utility and TVL are crucial long-term indicators, short-term valuation remains closely tied to the broader "crypto market beta." This dynamic forces investors to weigh fundamental project strength against systemic market risks, a key consideration for portfolio construction in the digital asset class.
Nov 22 2025, 13:06
Monad Protocol Reaches $188 Million Target in Landmark Coinbase Public Token Sale
## Executive Summary Monad, an upcoming blockchain protocol, has successfully reached its $188 million subscription target for its MON token via a public sale on Coinbase. The event is the inaugural launch on Coinbase's new regulated token sale platform and represents a significant milestone: the first public offering of its kind directed at U.S. retail investors in over seven years. The strong investor demand and novel platform structure indicate a potential shift in capital formation strategies within the digital asset ecosystem, moving toward more regulated and transparent models. ## The Event in Detail The public sale for the Monad (MON) token on Coinbase progressed swiftly, with reports indicating it surpassed $130 million midweek before ultimately reaching its $188 million goal. The sale, which has a limited duration and is scheduled to conclude within hours, was structured to facilitate broad community participation. According to Monad, the primary objective of the sale is to decentralize the project's ownership by distributing the MON token widely among its user base and community. ## Financial Mechanics and Structure Coinbase selected Monad to be the first project on its renewed public sale platform, which is designed to operate within U.S. regulatory frameworks. This model distinguishes itself from previous fundraising mechanisms by incorporating specific features aimed at ensuring market stability and fairness. Key structural elements include long vesting schedules for insiders and major contributors to prevent premature selling pressure, transparent capitalization tables, and sale rules that reportedly favor smaller retail accounts. This structure is engineered to create an orderly market entry for the token and align with regulatory expectations for investor protection. ## Market Implications The successful execution of the Monad sale on a regulated U.S. exchange has significant implications for the broader crypto market. It re-establishes a viable, compliant pathway for blockchain projects to raise capital directly from retail investors, a channel that had been largely closed for nearly a decade due to regulatory scrutiny. For Coinbase, it opens a new business line and reinforces its position as a central hub for the regulated crypto economy. The model, if replicated, could reduce reliance on venture capital and private sales, potentially leading to more equitable token distributions and greater project decentralization from inception. ## Broader Context and Precedent The Monad sale occurs amid a renewed interest in token generation events, albeit with more sophisticated structures. Last month, rival blockchain project **MegaETH** raised $50 million at a $1 billion valuation through Sonar, a token sale venue associated with the early-stage investment platform Echo. However, Monad's decision to partner with **Coinbase** for a public-facing, regulated sale in the U.S. represents a distinct strategy. It prioritizes regulatory compliance and broad retail access over the more exclusive, venture-focused models that have dominated the last market cycle. This approach may set a new precedent for how U.S.-based blockchain projects approach decentralization and community fundraising.
Nov 22 2025, 10:58
Solo Bitcoin Miner Earns $266,000 Reward With 1.2 TH/s Hashrate, Highlighting Network Probability
## The Event in Detail An independent Bitcoin miner successfully solved block 924,569, receiving the full block reward of 3.146 BTC, valued at approximately $266,000 at the time of the event. The miner accomplished this feat with a hashrate of only 1.2 TH/s, an exceptionally low amount of computing power relative to the total network hashrate. This makes the successful block validation a statistically rare occurrence. ## Financial Mechanics and Probability Bitcoin mining is a process where miners compete to solve a complex mathematical problem, with the winner receiving the right to add the next block to the blockchain and claim the associated reward. Success is directly proportional to a miner's share of the total network hashrate. Given the current total network hashrate is measured in hundreds of exahashes per second (EH/s), a 1.2 terahash per second (TH/s) operation represents a negligible fraction of the total power. To illustrate the odds, analysis from April, when network difficulty was lower, estimated that a 1.2 TH/s machine had a daily probability of just 0.00068390% of successfully mining a block. This event is therefore comparable to winning a lottery. The hardware likely used, such as a **Bitaxe Gamma 601** which runs on a **BM1370 ASIC** chip, is notable for its low power consumption (15-17W) and accessibility, demonstrating that participation in the network is possible with minimal capital expenditure on hardware. ## Market Implications This event has limited direct impact on the price of **Bitcoin** but carries significant weight for the network's decentralization narrative. It provides a proof-of-concept that the **Bitcoin** protocol functions as designed, allowing any participant, regardless of scale, a chance to earn rewards. While several solo miners have achieved similar success this year, the dominant force in mining remains large, publicly traded mining corporations and private mining pools that aggregate hashrate from thousands of participants to smooth out reward variance. ## Broader Context While celebrated as a win for the individual, this event does not fundamentally alter the economic realities of the mining industry. The business model of professional mining operations is built on scale, efficiency, and predictable revenue streams, which is why the pool mining model prevails. Solo mining remains a high-risk, high-reward endeavor with an extremely low probability of success. However, these occurrences serve as a powerful reminder of the underlying permissionless nature of the **Bitcoin** network, a core tenet of its value proposition. They underscore that, at its base layer, the network remains open to all participants.