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Bitcoin is edging closer to the coveted $100,000 mark, but this momentous milestone could pose a serious psychological and technical challenge for even the most seasoned bulls. As it flirts with $99.9K, the market mood is buoyant—but caution is warranted. The recent rally has been fueled by a mix of renewed institutional interest, favorable regulatory winds, and growing on-chain activity. Bitcoin’s network is more active than it has been in months, signaling broader participation and optimism. Yet beneath the surface, trading volume has shown signs of weakness—an early warning that momentum may not be as robust as it appears. What makes $100,000 such a formidable level isn’t just the round number appeal. It represents a psychological ceiling—where profit-taking, hesitation, and even fear of reversal could converge. Many traders may treat this point as a trigger to secure gains, potentially sparking increased volatility or a pullback. From a technical standpoint, Bitcoin has broken out of its recent consolidation phase, which is a bullish signal. But without strong volume and sustained buying pressure, the move could falter just short of six figures. A rejection at $100K could send prices back to test support levels near $93K–$90K. This is a classic moment in market psychology. Bulls may feel emboldened, but confidence can turn quickly at critical thresholds. Whether Bitcoin breaks through or bounces back, this test will define sentiment heading into the second half of the year. For investors, the strategy here is discipline. Don’t chase the hype. Instead, prepare for both outcomes: a breakout that could open the door to $120K—or a correction that offers a chance to buy strength on the dip. $BTC

Vitalik: The quality of the underlying proof system of the L2 network is equally important and should gradually enter the second stage as it develops. In response to community member Daniel Wang's suggestion of #BattleTested for the naming of Stage 2 of the L2 network, Ethereum co-founder Vitalik responded on X Platform: "This is a good reminder that Stage 2 is not the only factor that affects security, the quality of the underlying proof system is equally important. Here is a simplified mathematical model that shows when to enter Stage 2: Each Security Council member has a 10% independent chance of "breaking"; we treat activity failures (refusal to sign or inaccessible keys) and security failures (signing the wrong thing or keys being hacked) as equally likely; goal: minimize the probability of protocol collapse under the above assumptions. *Stage 0 Security Council is 4/7, Stage 1 is 6/8; note that these assumptions are very imperfect. In reality, members of the Security Council have "common mode failures": they may collude, or they may all be coerced or hacked in the same way, etc. This makes both Stage 0 and Stage 1 less secure than the model shows, so entering Stage 2 earlier than the model implies is the best option. Also, note that the probability of a proving system crashing is greatly reduced by turning the proving system itself into a multisig of multiple independent systems (this is what I advocated for in my previous proposal). I suspect that all phase 2 deployments in the first few years will be like this. With that in mind, here is the chart. The X-axis is the probability of a proving system crashing. The Y-axis is the probability of a protocol crashing. As the quality of the proving system improves, the best phases move from phase 0 to phase 1, and then from phase 1 to phase 2. Doing phase 2 with a phase 0 quality proving system is the worst. In short, @l2beat should ideally show proving system audits and maturity metrics (preferably of proving system implementations rather than entire rollups so we can reuse) as well as phases. ”

The HAEDAL Protocol is currently experiencing a surge in market attention, but its economic structure paints a more complex picture. While the token trades at a modest $36.91 million market cap, its fully diluted market cap (FDV)—which considers the value if the total supply were in circulation—stands significantly higher at $189.28 million. This sharp contrast raises a critical question: Is HAEDAL undervalued today, or is the market ignoring major dilution risk on the horizon? Understanding the Market Cap Gap The circulating supply of HAEDAL is 195 million tokens, which is only 19.50% of its 1 billion maximum supply. This limited circulating volume creates scarcity, enabling large price swings with relatively low capital inflows. However, the remaining 805 million tokens could enter the market over time—likely through unlocks, staking rewards, or team allocations. This massive gap between circulating and total supply has major implications: Short-term valuation may appear undervalued, attracting traders. Long-term outlook could face inflation pressure, depending on how new tokens are introduced. A token with a 5x higher FDV than market cap often triggers investor caution, especially if there’s no clear emission schedule or lockup strategy publicly communicated. Bull Case: Room to Grow Supporters argue that a low market cap paired with a high FDV offers early investors a rare opportunity. If HAEDAL’s ecosystem gains adoption, and new tokens are introduced slowly with corresponding demand, the project can scale into its FDV valuation organically. Additionally, as HAEDAL gains trading volume and visibility (as shown by its 525.41% 24h volume-to-market-cap ratio), investor confidence and exchange interest may grow—potentially propelling it to a higher market cap without immediately triggering dilution. Bear Case: Dilution Risk Critics highlight the dilution threat. If HAEDAL begins releasing large portions of the remaining 805 million tokens, price pressure is inevitable unless met with equal or greater buying interest. Investors burned by similar tokenomics in past cycles (e.g., during heavy unlock seasons) may see HAEDAL as a high-risk asset unless transparent vesting and utility measures are disclosed. Without sufficient utility or lock mechanisms, the token’s current price could prove fragile, with speculative holders exiting ahead of perceived unlock windows. Investor Takeaway HAEDAL sits at a crossroads: With its low circulating supply, it offers short-term volatility and breakout potential. With its high FDV, it carries long-term supply-side risks that could challenge price stability. Whether HAEDAL is undervalued or overhyped will depend on its execution strategy—particularly how it rolls out the remaining tokens and sustains network demand. Until then, traders should treat it as a high-reward, high-risk opportunity rooted more in momentum than fundamentals. $HAEDAL

Here are two sayings that we hear dayly but should be reconsidered: 1) Stay the way you are. why would you want to stagnate ever? Treat life like a game where you need to level up constantly. 2) Be sure to not work too much. Choose the work that brings you closer to your vision

Compared to Eastern players who view Meme as high-leverage trading, Western players treat it more like an emotionally-driven "esports game"—fast-paced and thrilling, centered on "fun" and "engagement." They prioritize whether the narrative is entertaining and emotionally resonant, with common aesthetic preferences including absurdism, nihilism, black humor, human care, and nostalgia. Understanding these cultural dimensions and viral contexts, especially the aesthetic preferences in TikTok and Western Asian cultural circles, can help better identify which Memes will explode and which are destined to zero