Abstract is shutting down on december 15.
It had 400K+ users, 144 apps and 325M transactions.
Igloo still lost tens of millions of dollars funding it over about 18 months.
I think this is a more useful L2 failure to study than Blast, because it’s a different failure.
Blast’s TVL fell 98% from $2.27B. Its daily revenue the day before the shutdown was $110.
Nobody was using it.
Abstract had users and still couldn’t pay for itself.
Here’s the mechanism.
An L2 earns its revenue from fees:
> Brand brings wallets
> Some wallets become active users
> Active users make transactions
> Transactions pay

$W IS IN MASSIVE PROFIT!
UNMATCHED ACCURACY! 🐂
My champions, as long as your brother stands with you, In Sha Allah, he’ll make sure you succeed!

Traders kept adding leverage across all 10 large coins we track in the week to Oct 12, with $BTC down 2.9%. They kept building positions through a week that saw $2.0B in forced liquidations recorded.

BREAKING: Strategy acquired 250 BTC and repurchased $192M of its STRC preferred stock.

The typical chart on an internet-computer:native meme.
Learn how to spot narratives early.

Diving Observation Diary 10.12
Yesterday, I already felt that after Singapore, Shenzhen would most likely be next to erupt. Sure enough, a bunch of people started reaching out to me last night and today. Since they can’t wait until my drinking gathering on the 16th, let’s have a preview version tomorrow. Also, do your wives really not control you? How can one after another of you spend more than ten days partying outside, then still keep partying after returning home?
What I wrote today is essentially the second half of 2049, because I made many new plans for myself on the plane. I feel that p

Sp500
#bitcoin
As we go closer to cpi.. How much more fuel left

$BEL Sell analysis after the correction
Sell 0.12480–0.12525 Targets 0.12370 0.12320 0.12260 Stop loss 0.12570

Gm.
I expect something like this.
$BTC

Gold: Go fully long at 4155 now and wait to take profit above 4200

Today, we are only verifying one question about $CTK : whether there will still be buying support after breaking above 0.1432.
The 1-hour and 4-hour trends are weak, with RSI at 19 and 29, respectively. The current price is 0.1138, about 3.34% above the 1-hour support at 0.11 and 25.83% below the resistance at 0.1432. The 24-hour change is -12.86%, but it cannot replace confirmation at key levels.
My view is not based on chasing pumps or selling into drops: I will first wait for a break above 0.1432 or below 0.11. Whichever occurs first will determine how I revise my assessment.
Would you rath

$SUI It is currently not recommended to chase longs; maintain a bearish bias, with the core logic being a mismatch between volatility and positioning. The current price is 1.099, MA5 has crossed below MA20, forming a bearish alignment, RSI is only 39.1, the MACD histogram is negative, and the Bollinger middle band at 1.1405 continues to suppress price, with clearly insufficient rebound strength. The funding rate of +0.0025% shows that longs are still paying to hold positions, while the Fear and Greed Index at 69 is in the greed zone. Once sentiment retreats, crowded longs could easily trigger

My $BTC monday high pivot strategy is proving itself yet again.
I’ve been posting about this for 1.5 years straight, and it keeps playing out. It’s most consistent in ranging markets, where it catches those 2-3% inverse moves.
This is the result of relentless backtesting which is why you haven't seen this mentioned anywhere else before...

📅 This Week on Wall Street | Oct 12–16
We made the rounds and pulled out three themes to watch👇
① Major banks kick off Q3 earnings
② U.S. CPI and PPI land back-to-back
③ $ASML and $TSM earnings put the chip cycle to the test
📌 Also watching: $JPM $GS $C $BAC $MS
Inflation, banks, or semiconductors—which theme are you watching most?
Bullish or bearish, bring the reasoning👇
https://www.gate.com/post
‍#USStocks #GateStocks #GateSquare

+1
Happy Birthday to me🎉🎉

Looking to get 5-10 more people on early access @clickdottrade today.
Will bump you immediately to Tier 5 - my only ask of you is to abuse the platform and give any and all feedback.
You will be first to have refs as well in the coming week(s).
The show is about to begin.

📅 This Week’s U.S. Stock Market Outlook | 10/12–10/16
After reviewing this week’s U.S. stock market schedule, the editor has picked out three key themes👇
① Q3 earnings season kicks off for major Wall Street banks
② U.S. CPI and PPI data will be released in succession
③ $ASML and $TSM earnings reports will test semiconductor market conditions
Inflation data, the banking sector, or semiconductors? Plaza residents, which theme are you most focused on this week?
Bullish or bearish is fine—give us your reasons first👇
https://www.gate.com/post
‍#美股 #Gate股票