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$DUSK There are privacy projects that try to hide everything. Dusk seems interesting to me precisely because its proposal goes in a different direction: trying to combine privacy with the requirements of regulated financial markets.
The idea of using selective disclosure is important. In a real financial infrastructure, you don't always need everyone to see all the information, but you also can't assume that nobody will be able to verify anything. That balance between confidentiality, transparency, and compliance is probably one of the hardest problems to solve if blockchain wants to truly enter traditional markets.
Dusk is building around that thesis, with a Layer 1 focused on regulated assets, confidential smart contracts, and tools designed to facilitate the tokenization of financial instruments. On paper, it makes a lot of sense.
But technology alone doesn't guarantee adoption. The real test will be to secure issuers, liquidity, and real activity. In this space we've often seen projects with an interesting architecture that never manage to generate enough usage to justify the narrative.
That's why I think $DUSK is a project worth watching rather than declaring a winner. If it manages to turn its privacy and compliance focus into financial applications that are truly used, the thesis could become much more compelling.
The market often rewards fast-moving narratives. Dusk is betting on something far less flashy: building infrastructure for a type of user who likely needs more privacy, but also many more guarantees.
The question isn't whether the problem exists. It does.
The question is whether Dusk manages to become one of the networks that actually solves it.
> Much of the sell pressure at the lows came from long positions closing. This time there was no bad low, but the initial reaction was still pretty weak. > Some participation in the spot market, but we also saw new long positions constantly entering and being absorbed by passive sell orders. -> As I mentioned yesterday, that's not the kind of flow I want to take long on.
What I want to see is an aggressive sell failing to push price lower, followed by active buyers entering - or spot + perps buying together with price actually responding. Buy with intent + price response.
> The CVD of the spot market continues trending down > perps are selling again, and order book depth is getting more negative after many of the bids below were already taken yesterday. > Funding continues to push higher, showing a greater willingness to pay for leveraged long exposure. However, despite that growing bias on the long side, price is not responding to the upside—especially noticeable with spot demand staying weak
On its own that isn't bearish, but combined with weak spot demand and a poor upside response, it increases the vulnerability of those long positions to a liquidation if price moves lower -> in line with liquidity
URGENT: 🇺🇸Beth Hammack of the Fed says the Fed should RAISE interest rates immediately to curb economic growth and bring inflation back to its 2% target.