⚡ Understand Today’s Web3 in Three Minutes
🔹 SEC staff guidance says that token buybacks on functional networks don’t necessarily make the token a security; one lawyer notes that securities law is becoming “an optional option”
🔹 The first NEAR spot #ETF has been approved by NYSE Arca, ticker NRR, with a 0.75% management fee and support for staking. After the news, NEAR briefly surged to around $5
🔹 Bitcoin’s seven-day average hashrate fell to 915.8 EH/s, a three-week low. Some mining firms have shut down mining farms and shifted toward AI compute; miner reserves also declined by about 1,530 BTC
🔹 Large token unlocks are coming next week: DoubleZero about $114 million (nearly 48% of circulating supply), SUI and ENA about $16.7 million and $11.0 million, respectively
🔹 A massive SOL whale opened a 20x-leveraged long position a month ago, with a notional value of about $67.88 million. It’s currently up more than $23 million and has set a take-profit order around $200
🔹 DYORSWAP reports GIWA fake-chain scam: the scammers used the real chain ID 9134. Victims reportedly lost about 766 ETH via a fake cross-chain bridge; the official says compensation starts at 40%
🎯 Opportunity Wrap-Up
ETF momentum continues to spill over: $NEAR winning its first spot ETF provides a short-term boost to secondary-market sentiment, but don’t ignore the unlock schedule that follows. Lower BTC hashrate combined with miners shifting to AI is bearish for pure mining narratives, yet it’s narrative support for the AI compute track. $2Z’s unlock volume next week is close to half of circulating supply—one of the tokens that needs close attention. The SEC’s new guidance on buybacks is a mild regulatory positive, but the “opt-in” interpretation still needs to be monitored as implementation unfolds.
With big unlocks approaching next week, do you think $2Z—approaching half of circulating supply—can hold up? Let’s discuss in the comments👇
The above does not constitute investment advice. Digital assets are highly volatile—watch the risks.
🔹 SEC staff guidance says that token buybacks on functional networks don’t necessarily make the token a security; one lawyer notes that securities law is becoming “an optional option”
🔹 The first NEAR spot #ETF has been approved by NYSE Arca, ticker NRR, with a 0.75% management fee and support for staking. After the news, NEAR briefly surged to around $5
🔹 Bitcoin’s seven-day average hashrate fell to 915.8 EH/s, a three-week low. Some mining firms have shut down mining farms and shifted toward AI compute; miner reserves also declined by about 1,530 BTC
🔹 Large token unlocks are coming next week: DoubleZero about $114 million (nearly 48% of circulating supply), SUI and ENA about $16.7 million and $11.0 million, respectively
🔹 A massive SOL whale opened a 20x-leveraged long position a month ago, with a notional value of about $67.88 million. It’s currently up more than $23 million and has set a take-profit order around $200
🔹 DYORSWAP reports GIWA fake-chain scam: the scammers used the real chain ID 9134. Victims reportedly lost about 766 ETH via a fake cross-chain bridge; the official says compensation starts at 40%
🎯 Opportunity Wrap-Up
ETF momentum continues to spill over: $NEAR winning its first spot ETF provides a short-term boost to secondary-market sentiment, but don’t ignore the unlock schedule that follows. Lower BTC hashrate combined with miners shifting to AI is bearish for pure mining narratives, yet it’s narrative support for the AI compute track. $2Z’s unlock volume next week is close to half of circulating supply—one of the tokens that needs close attention. The SEC’s new guidance on buybacks is a mild regulatory positive, but the “opt-in” interpretation still needs to be monitored as implementation unfolds.
With big unlocks approaching next week, do you think $2Z—approaching half of circulating supply—can hold up? Let’s discuss in the comments👇
The above does not constitute investment advice. Digital assets are highly volatile—watch the risks.