Craziest thing I've seen in a while: • Someone buys $4M worth of BONK • Then posts a DAO proposal asking to transfer $20M in BONK to themselves • Waits 7 days without anyone noticing • Then votes "yes" with their own BONK holdings, and the proposal passes • $20M is transferred to them
And now the Bonk team has suddenly realized they lost $20M. This wasn't even a hack. The proposal passed because no $BONK holders checked the governance forum. Insane to see the current state of DAOs.
Changpeng Zhao (@CZ ) the visited alem.ai in Kazakhstan, spotlighting the country’s growing ambition to become a regional hub for blockchain, AI, and digital finance.
During the visit, Binance and Alatau City Bank demonstrated live crypto payments, while new CryptoCity AI and data-center projects were presented.
The visit concluded with a new Memorandum of Understanding, strengthening cooperation and Kazakhstan’s push to build the infrastructure for the next generation of digital finance.
Crypto, AI, banking, and infrastructure are converging and Kazakhstan wants to be at the center of it.
Source: Zhaslan Madiyev, Deputy Prime Minister of Kazakhstan.
Why $ZEC just broke $1,000 for the first time ever?
Privacy coins just had their biggest moment in years
ZEC up 28% in a week 94% for the month crossed 1,000 dollars for the first time ever touched an intraday high near 1,046 before pulling back a bit
here's what's actually driving it
grayscale converted their old zcash trust into an actual listed etf on nyse arca ticker zcsh back on august 25
that's the first U.S spot etf ever offering direct exposure to a privacy coin regular brokerage account access to zec without touching a wallet or an exchange
pulled in around 414 million in net inflows already since launch strongest single day was 12.6 million just this week
on top of that shorts got absolutely wrecked as price punched through 1,000 about 34.5 million in short positions liquidated in a matter of hours
grayscale's been actively pushing the scarcity story too 21 million coin hard cap same framing bitcoin uses hard money narrative meets growing demand for financial privacy
even the network itself is showing real activity not just speculation solrate basically the network's computing power jumped from 25 to over 30 gsol per second in about a week
market cap now sitting near 17 billion officially the largest privacy coin ahead of monero for the first time ever
worth being honest about the risk here too open interest is at historic highs alongside price several analysts are flagging this as genuine liquidation risk in both directions not just upside
support sitting around 764 to 900 next targets if this holds are 1,100 then 1,300
privacy coins went from forgotten corner of the market to the center of attention in about two weeks
quick fundamental breakdown because this matters more than any chart right now
august's rally from 63k to 81k wasn't organic
it was triggered by the treasury's august 19 bond buyback announcement roughly 80% of that month's etf inflows landed in the two weeks right after that single news item
since then the backdrop flipped
oil back above 95 a barrel after renewed us iran strikes near the strait of hormuz
pce inflation running at 3.7% annually 4.1% over six months both well above the fed's 2% target
fed hike odds for the september 16 meeting jumped from 37% to 70% in about a week
barclays now expects two hikes before year end bnp paribas is calling for three starting december reversing every cut made in 2025
etf flows are already reacting nine straight days of inflows just turned into a 236 million dollar single day outflow
my honest read
the buyback bought a real rally not a fixed inflation problem
hike on the 16th that's genuine pressure higher rates compete directly with holding a non yielding asset
hold despite the pressure that's actually more bullish than people think
either way september 16 matters more than any level on any chart right now
🚨 BREAKING: Pakistan is looking to Hong Kong for its tokenized finance playbook.
Pakistan is exploring blockchain based finance, including:
- Tokenized government bonds & Sukuk - Regulated digital assets - Tokenized capital markets
What does this mean?
Financial assets like bonds could be issued, traded and settled digitally on blockchain, making markets potentially faster, more accessible and transparent.
Pakistan could be taking a major step toward a blockchain powered financial system. 🚀
the london stock exchange is working with kraken's parent company payward to bring the biggest uk listed stocks onchain using payward's xstocks tokenized equity framework
a g7 stock exchange partnering directly with a crypto native company to tokenize equities
this is the same theme we've been tracking all month traditional finance infrastructure quietly rebuilding itself on blockchain rails one partnership at a time
posting my live btc chart today so you can see exactly what i'm watching
price sitting at 76,631 down 1.35% this week after tapping a high of 79,250 and getting rejected right below that 80k level
that rejection matters
80k is turning into real resistance right now second time price has approached it and gotten sold into over the past few weeks
zoom out on the weekly and the bigger picture is actually encouraging though
we ran all the way to 128k late last year then crashed hard down to the 58 to 60k zone earlier this year
the recovery leg since then has been strong climbing back from 58k toward 80k in a matter of weeks
but here's what i'm actually watching closely right now volume on this leg up is noticeably lighter than the volume during last year's rally and this year's crash
lighter volume rallies can move fast but they're also more fragile less conviction behind every green candle
76 to 77k is acting as the local support zone right now same area that was resistance back in late 2024 old resistance becoming new support is a healthy structural sign if it holds
game plan from here
reclaim and hold above 80k with real volume that's a genuine bullish continuation signal
lose 76k with conviction and we're probably heading back to retest the 72 to 73k zone before any next leg up
right now we're sitting in the decision zone not trending clearly in either direction
not financial advice just how i'm reading my own chart today
michael saylor just hinted at strategy's first bitcoin purchase in two months
small detail big signal
the company's 840,447 btc stash is already sitting on a paper profit north of 2.8 billion dollars after this month's rally average buy price around 75,653 against btc trading near 79k
saylor going quiet on purchases for two months during the dip then hinting at buying again right as price recovers is exactly the kind of behavior worth watching not the headline itself
buried under today's price action is a story that matters way more long term than any candle
an anthropic ai model reportedly cut the computational work needed to break a leading post quantum signature candidate by a factor of 67 million
that's not a typo 67 million times more efficient at breaking future proof cryptography than previously thought possible
same week both bitcoin and ethereum published their own quantum migration plans
this is the first time the timeline for quantum threats to crypto has felt less like a decades away hypothetical and more like an active engineering problem both networks are now racing to solve
doesn't mean your coins are unsafe today means the people building this infrastructure are taking the threat seriously enough to publish actual roadmaps
worth paying attention to over the next few years this is the kind of story that quietly decides which chains stay secure long term
they're warning of a real supply wall sitting between 81,000 and 86,000
meaning a large cluster of holders are sitting on coins bought in that range and likely to sell into any rally back toward it
that lines up almost perfectly with today's pullback from just under 81k
if btc tries to push back up toward that zone expect real resistance not just noise
this is the difference between watching price and understanding why price moves where it does
$BTC
VectRast
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Bullish
$BTC just fell below 78k sliding as much as 3.5% after fed chair warsh delivered a hawkish keynote at the kansas city fed's jackson hole symposium
his line says it all he told the room we have work to do on prices
markets had been trading off treasury buyback optimism and rate cut hope for over a week straight
warsh just directly pushed back on that narrative
combine that with a 6.36 billion dollar options expiry hitting the same day and you get exactly the kind of sharp pullback we're seeing high leverage plus extreme greed sentiment amplified the drop once the hawkish tone hit
worth remembering this doesn't erase the month btc still ran from 62k to over 80k in weeks
but the easy fast gains phase is clearly done for now the market just got a reality check on rate policy
$ETH sitting near 2,430 $XRP up near 1.50 $SOL up over 96 $BNB pushing 700
broad based strength across majors not just a btc specific pump
when alts move together with btc during a rally like this it usually signals real risk appetite returning across the market not just one asset getting bid up in isolation
worth watching which of these holds strength if btc does cool off from these rsi extremes
bitmart just announced it's winding down its entire trading platform after 9 years
halted new signups deposits and orders immediately trading fully stops august 26 full shutdown by january 2027
this comes just days after bitmex the derivatives exchange also announced its own shutdown
two established exchanges gone in the same week
not a hack not an exploit just business reality catching up
worth remembering to always check withdrawal processes early if you're on any smaller exchange sanctions and source of funds checks can slow things down fast once a shutdown starts
a farm in Brazil just tokenized 10 dairy cows using ai powered smart collars
used them as digital collateral to secure 100,000 reais in financing
actual livestock now sitting on chain as collateral tracked in real time by AI
we spend all day talking about spot etfs and treasury allocations and meanwhile somewhere in Brazil a cow is now more liquid than half the alts on your watchlist
tokenized real world assets aren't some future concept anymore