DeFiWarhol

Congrats to everyone for not selling.
Yeah, the U.S. government discussed buying Bitcoin in sizable amounts, and that’s bullish, don’t get me wrong.
But this is still just talk, not buying. No plan has been announced, and right now people are mostly trading the news IMO.
Still, even openly discussing it puts the idea of a sovereign BTC buyer back on the table.
Markets are obviously going to front-run that possibility.

I think we’re almost back, boiz.
Bitcoin’s 30-day apparent demand recovered from -272K BTC in early June to -32K on August 15. That means roughly 88.2% of the deficit has been erased.
The red bars are shrinking and the solid blue demand line is rapidly approaching zero, showing that selling pressure is weakening.
But we’re not out of the woods yet. The real confirmation comes when the bars turn green, remain green and the slower 30-day average follows them above zero.
For now: strong recovery, but not a confirmed reversal.

US and UAE currently dominate the tokenized real estate sector.
But for a supposedly global market, tokenized real estate remains concentrated in just a few countries.
Current country rankings on @RWA_xyz:
1. US: $259.9M
2. UAE: $129.8M
3. Spain: $47.6M
4. Canada: $23M
5. Mexico: $20M
6. Romania: $7.8M
7. Dominican Republic: $2.5M
8. Argentina: $2.4M
9. Greece: $1.4M
10. Italy: $1.3M
US: The broadest issuer base of the group, with Groma, RedSwan, DigiShares, and Securitize all contributing sizeable assets.
UAE: Much more concentrated. A handful of Dubai World Islands properties account for mos

The heavy crypto card activity continues.
New week with $250M in top-ups. I believe we won't have any more weeks with less than $200M.
Here are the current top 10 cards by weekly top-up volume:
1. @RedotPay: $109.6M
2. @ether_fi: $25.74M
3. @KASTxyz: $18.66M
4. @Karta_Personal: $7.93M
5. @Plasma One: $6.91M
6. @wirexapp: $6.54M
7. @KoloHub: $3.77M
8. @useTria: $2.53M
9. @gnosispay: $1.64M
10. @avici: $667K
The top five accounted for only ~67% of the total volume, down from more than 91% last week.
Guess I was wrong about the market consolidating around the top 5.
It's actually spreading out in

BTC futures netflow is easy to misread.
Green doesn’t simply mean bullish, and red doesn’t simply mean bearish.
Here’s how I read it myself:
1. Direction
Positive netflow means more taker buying. Negative means more taker selling. I use it to see which side is pressing harder, not as a long/short ratio.
2. Timeframe
BTC is currently:
→ 3d: -$1.16B
→ 30d: +$3.20B
The selling is recent. Over the month, buyers still dominate. Personally, I always match the netflow window to the trade timeframe.
3. Price reaction
→ Buying + price rising = buyers are getting results
→ Buying + price flat/down = tha

Stablecoin supply has fallen around 6% from its May peak, and weaker yields appear to be one factor.
→ Ethena’s sUSDe yield dropped as perpetual funding rates cooled.
→ Sky cut its savings rate from 6.5% to around 3.6%.
Meanwhile, tokenized US Treasuries have grown to around $16B. They typically earn 3–4% from short-term government debt, offering a more predictable return that isn’t tied to leveraged crypto activity.
So I don’t think this proves that people are simply rotating out of stablecoins and into safer assets.
But it does raise a fair question around if predictable Treasury-backed retu

BREAKING: AOC and Vitalik Buterin are reportedly dating.