Bitcoin’s apparent demand has clearly improved, but it is still negative; it is currently -32,000 BTC. When Bitcoin entered this new range of consolidation in early June, estimated demand was -272,000 BTC.
This is a positive change, but it is not strong enough yet. A similar pattern was also observed in February and May 2026, after which demand weakened again. This may also be related to a decline in average mined volumes, as hashrate has fallen, implying lower production. Therefore, this is not yet strong enough to provide clear positive momentum, but this trend is worth closely monitoring.
Note: The calculation of apparent demand is the number of newly mined BTC minus the supply that has been unused for more than a year. In other words, this indicator is used to assess whether structural hoarding is sufficient to absorb newly generated network supply.
13F Unveiled | Nvidia’s Q2 Holdings Revealed: SpaceX Jumps to Second-Largest Stake—What Game Is Jensen Huang Playing Next?
Nvidia’s relationship with Musk is no longer just about “selling chips” and “buying chips.” Today, $Nvidia (NVDA.US)$ disclosed its Q2 holdings report, for the first time publicly revealing its position in SpaceX: as of June 30, the company held approximately 123 million shares of SpaceX Class A stock. At the end of the quarter, the position was valued at about $21 billion, accounting for 33.06% of its disclosed stock portfolio—second only to Intel—making it Nvidia’s second-largest equity holding. According to FactSet’s statistical definition, Nvidia also entered the ranks of SpaceX’s top six shareholders. What is even more noteworthy is that this is not a typical secondary-market purchase; rather, it is a strategic layout orchestrated through a combination of xAI investment, SpaceX acquisitions, and chip procurement.
To be honest, there’s a lot of hype around RWA these days, but based on what I’ve looked at, it’s really hard to say where #dusk @Dusk $DUSK ranks among the players in this space.
Let’s look at the data first. The total RWA market is $65 billion. Ethereum alone takes up 45%. Provenance makes up the next roughly 20% or so. As for DUSK? You won’t find its name among the top ten. Ethereum and Solana’s ecosystems are right there. Polymesh focuses specifically on compliance. Monero and Zcash have been privacy “old hands” for years. The path DUSK chose is the narrowest one—both compliance and privacy, and on top of that they have to build their own L1 from scratch. The direction may be right, but the market is only that big. How much can you actually capture?
Then there’s the on-chain data—this is where it really gets worrying. The mainnet has been running for 17 months, and average daily transaction volume is barely over 1,000. Active addresses are fewer than 80 per day. What does “80” even mean? It’s basically the size of a small group. You can talk about putting hundreds of millions of euros of assets on-chain, but where are the users? If there’s no one using the chain, no matter how great the narrative sounds, it’s all for nothing.
Token concentration is another ticking bomb. The top five addresses hold nearly 67%. If you’re building compliant finance, token concentration being even tighter than meme coins—won’t institutions be concerned when they see that? At least, if I were a client, I wouldn’t dare put my money in.
And there’s the roadmap. DuskEVM has missed timelines several times before finally being rolled out. Even after the core components went live on the mainnet, they still aren’t complete. Updates on GitHub are painfully slow. In plain terms: engineering capability doesn’t match the promises in the pitch.
I buy into the technical logic, but whether this can actually work doesn’t hinge on how fast ZK proofs get. Over the next six months to a year, I’ll be watching three things: whether daily active users can grow from 80 to 800; whether token concentration can drop to below 40%; and whether the codebase gets updated more promptly. If even one of these doesn’t move, the business flywheel will still have to be pushed back.
The direction is correct, and the start looks steady—but getting truly moving is still a long way off.
Adhere to putting economic development at the center, cultivate children’s education as the core, and uphold the principle of “grasp both with equal emphasis” so that “both must be strong.” Economic development is the foundation, children’s education is the future—let us keep this in mind together…
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He started with 80 million yuan in principal and set out on the quant trading road. Today, his net worth is 266 billion yuan. In a single year, he earned 385 times—crushing all the world’s AI bigwigs! Say this and you probably won’t believe it: there’s a Chinese man whose net worth surged by 3,850% over the past year. Not Ma Huateng, not Huang Zheng, and not Lei Jun. His name is Liang Wenfeng, the founder of DeepSeek. A year ago, his fortune was only 1 billion USD—so low it didn’t even show up on the global billionaire list. After one year, at a growth rate of 3,850%, he shot straight to the top of the world’s billionaires for wealth growth. He led in a clear runaway fashion, and even the second-place person couldn’t even see his taillights. From 1 billion to 39.5 billion USD—roughly 266 billion yuan in RMB. What does that mean? It’s like every day he wakes up and his account has an extra 700 million yuan.
And those overseas AI giants who keep making headlines every day—Sam Altman, Jensen Huang, Mark Zuckerberg—over the past year, their wealth growth rates pale in comparison to him, making them all look like juniors.
What’s most outrageous of all? He has no Silicon Valley background, no Wall Street capital backing—he just relied on an AI model and single-handedly turned the global billionaire rankings upside down.
#virus Trading a 3% tax, after the tax is fully collected 🈵0.1bnb, it is used to buy back and virus randomly air-drops to users on the BSC chain. Currently, there are more than 59 million token-holding addresses. When the market cap reaches 18 million, the number of wallets with more than 10U is as high as over 80,000. Do you think this will trigger a large-scale wallet-finding campaign in the future? Can it be compared to the meme version of BTC—when the number of token-holding addresses exceeds that of the entire network, then
Many people who watch the second-level finality SA of $DUSK have the first reaction of checking just how fast the consensus algorithm can be. But after ZhuZhu dismantled the network layer, they instead felt that what really bottlenecks speed isn’t the consensus itself—it’s whether block messages can spread across the entire network within an extremely short time. If propagation takes 5 seconds, even a faster consensus algorithm is only voting on an outdated state.
Kadcast exists to solve this problem. It doesn’t follow the route of traditional gossip, where a node randomly forwards a received message to its neighbors. Instead, it leverages the structured topology of the Kademlia DHT, so that each node forms clear routing relationships based on XOR distance. In simple terms, gossip is like shouting in a big mall—everyone hears it, but many voices are duplicates. Kadcast is more like having a prepared directory and sending things out along the shortest paths.
The difference shows up very clearly in real-world effects. Kadcast breaks broadcasting into structured forwarding with explicit delegated ranges at each layer, reducing the probability that the same block is transmitted repeatedly. Message collisions and bandwidth waste are also reduced. The whitepaper mentions bandwidth savings of 25–50% and stale block reduction of 10–30%. Behind those numbers is essentially the same idea: the network layer no longer relies on a large amount of redundant forwarding to achieve coverage. Instead, it uses structured routing to improve propagation efficiency.
Structured routing also carries risks. The clearer the path, the easier it is for an observer to use it to trace the message source. Kadcast addresses this by adding signed messages and source address obfuscation: signatures ensure the message hasn’t been tampered with, and source authenticity can be verified. Source address obfuscation makes it difficult for external observers to directly map a single message to a specific node. In addition, k-buckets favor keeping stable nodes, so a large influx of fake nodes in a short time is less likely to displace existing routing state—providing another line of defense against Sybil attacks.
ZhuZhu feels that Kadcast isn’t just a network protocol that “transmits fast.” It’s more like a prerequisite condition for SA to be deployable. #dusk To achieve second-level finality in scenarios like tokenization of securities, you can’t just speed up the consensus layer—you must also get block propagation, routing efficiency, redundancy resistance, and security measures all working together. The network layer isn’t a supporting character; it determines the upper limit of finality speed.
ZhuZhu invites everyone to guess @Dusk ’s second-level finality—why is it the network layer that matters?
With the weather this hot, BTC should be heating up too. The market generally believes that if Trump is re-elected, expectations for crypto easing could lift BTC sentiment in the short term. #BTC红包🧧
#Hawk is taking off! After all this time holding and waiting for the dip to rebound, it's time to explode. The zero-breaking operation is about to begin—how long it is horizontally, how tall it is vertically! Run in!
Despite their rivalry, Cristiano Ronaldo has never forgotten to show his empathy and care. ❤️ While the outside world often portrays him as arrogant, selfish, or self-centered, moments like these reveal a completely different side. On the pitch, Lionel Messi may be his greatest opponent, but when misfortune strikes, the competition becomes trivial. Cristiano deliberately paused to offer comfort and stay by Messi’s side during his difficult moment. Two football superstars—an unforgettable feud between rivals—but, at the end of the day, they are first and foremost human beings. Football may put them at odds, but humanity connects them closely. 🐐❤️ answer:1 回答 :1 #Binance #1688家族family
With autumn wind guiding the brush and mountains and rivers taking on color, all of human life is filled with scenes of a bountiful harvest. #Hawk is committed to long-term development, working diligently in silence ✊—patiently accumulating, then eventually reaping. 🔥 It will surely lead to a return loaded with rewards. 👉 #Hawk will help you enjoy a steady flow of wealth! 🧧🧧🧧🧧🧧🧧
Believe that predict will give you the results you want 🧧🧧🧧🧧🧧🧧 No accumulation of small steps can bring you no distance; you cannot reach a thousand miles.
Don't envy other people's billions of times the money. Start by saving your first small goal—time will give you the answer.
💥 Hold the line on your body: staying up late to watch the market and anxiety-driven insomnia are big taboos. Your body is the capital for a comeback—keep a regular schedule and exercise to relieve stress. When you feel low, use exercise to dissolve anxiety.
They got the license approved and immediately transferred tokens to an exchange?
WLFI, which is supported by Trump, has just received a banking license (OCC approved it with conditions). It looks like good news—but the related address then transferred 39 million WLFI tokens (about $2.19 million) to an exchange right after.
As you know, WLFI’s performance hasn’t been great before. The timing of this “approval letter received, tokens transferred out” is certainly suspicious.
The market generally wonders: is this normal liquidity management, or are they using the good news to sell off?
If even the project team is selling, then the real value of this “compliance-positive” development needs to be reconsidered. The movements of stakeholders are worth closely monitoring. #特朗普 #WLFI
#Hawk Live every afternoon at 16:00 🧧🧧🧧🧧🧧 When prices fall, emotions are the easiest to sway, and the noise is the loudest. But what truly matters has never been short-term ups and downs—it’s what we do. We haven’t stopped building. We haven’t disappeared just because the market has cooled. And we haven’t changed course because of doubt. We choose to keep doing things: Take what needs to be done and do it step by step, finish the roads that need to be walked one step at a time. #Hawk is never something shouted into existence, nor something driven by emotion—it’s something accumulated slowly through long-term action. Markets will keep repeating, cycles will come around again—but the real thing that truly has life is that, even in the low point, there are still people building, persisting, and pushing forward. If you feel lost right now, that’s completely normal. But remember— We exist not to please the short-term market, but to do something that truly matters all the way through. Keep building long-term and keep moving forward. Time will speak for Hawk. Because we firmly believe Hawk will not let those who have faith down! Nor will it let the builders who follow with a sincere heart and right intention 🌈 #韩国批准修法收紧加密交易所监管 #MoneyGram将现金加密兑换扩展至Solana
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