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🚨Another ETH buy from Tom Lee.
#BitMine adds 14,959 $ETH ($46M).
Nearly 3.9M ETH accumulated at $3K average.🔥
#Bitmine
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Honestly? If Kite stays stuck on one chain, it's gonna fade out. • Multi-chain minting just makes sense. People deposit wherever they are, Kite gets created on its home chain, and boom—wrapped version shows up right back where you started. No annoying bridge hoops to jump through. • Think about it: liquidity from Ethereum, Solana, Base, Arbitrum, all flowing in without splitting everything into a confusing mess. • Keep the supply numbers clean. Cross-chain protocols sync everything automatically so there's no weird supply mismatches floating around different networks. • Yield calculations stay locked to one source but show up everywhere—wrapped tokens always backed, always redeemable. Institutions actually care about this stuff. • Smart contracts can trigger moves between chains now, so Kite could auto-shift into better vaults on Chain B while you're holding on Chain A. That's just smarter yield hunting. • Use Kite as collateral across any DeFi protocol you want. Lending markets, perp exchanges, stablecoin systems—doesn't matter which chain they're on. • Redemptions get way less sketchy when you can cash out on any chain and pull real assets from the home base. No more liquidity getting trapped somewhere random. • More chains means more integrations, which means Kite stops being "just another yield token" and starts looking like actual infrastructure. • The whole point? Go from single-chain token to something that works everywhere, with everyone. • Cross-chain messaging protocols—LayerZero, Axelar, Wormhole, whatever—turn Kite into the kind of yield asset that actually scales instead of getting left behind. @KITE AI #KITE $KITE
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BTC Update - dec 12 BTC is still ranging between two key zones. Price is sitting around ~$90.3K, rejected again from the $96–100K supply zone and the 50D EMA — the same area that’s capped every bounce for weeks. Below, buyers continue to defend $86–88K, keeping this from turning into a full breakdown. Big picture: BTC cooled off while tech stocks ripped. Now tech is slowing, and BTC is trying to stabilize — but it still needs a clean reclaim of $96K → $100K to flip momentum. Above $100K = trend reversal potential. Below $88K = risk of deeper pullback into $72–76K. For now: still mid-range chop. Patience. $BTC
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Lorenzo's got big plans, and it's not just about squeezing more yield out of Bitcoin. • Right now Lorenzo works mostly with Bitcoin Layer 2s and rollups, but that's just the starting point. To really grow, it needs to connect with chains where people actually use synthetic assets—Ethereum, Solana, Cosmos, all those ecosystems. • Two main things get exported across chains: stkBTC (which is basically Bitcoin that earns you yield) and BANK (the token that powers the whole synthetic system). • How do you move Bitcoin stuff across chains safely? Lorenzo's building a mix of light-client bridges, BitVM verification, and zero-knowledge proofs. No sketchy multi-sig setups. • The synthetic rollout happens in phases. First, other chains can just read Lorenzo's data. Then users can mint synthetics from anywhere. Eventually, individual chains can run their own synthetic markets using Lorenzo's infrastructure. • What's the point if you can't actually trade this stuff? Lorenzo's working with cross-chain DEXs, AMMs, lending pools, derivative platforms—basically anywhere liquidity moves. • Imagine putting your stkBTC on one chain to create a synthetic on a completely different chain. That's the unified liquidity router they're building. • Anyone can launch their own appchain using Lorenzo's risk engine but with custom collateral and assets. Still connects back to the main BANK and stkBTC system though. • Each appchain picks its own rules and asset mix, but everything settles through the core system so liquidity doesn't get fragmented everywhere. • If this all works, Lorenzo becomes the standard for Bitcoin yield across every major blockchain. Not just a Bitcoin thing anymore—it's everywhere. • End result? BANK and stkBTC flow between chains like regular internet money, all settling on one global layer. Cross-chain liquidity just becomes normal infrastructure. @Lorenzo Protocol #LorenzoProtocol $BANK
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🚨 Why markets are bleeding🔻👇 • Japan might hike rates this week (Dec 18–19) • That news spiked Japanese bond yields • Higher yields = money pulls out of risk assets • Stocks, BTC, alts → dump Why Japan matters: Japan has fueled cheap money for decades. When BOJ tightens → carry trades unwind → liquidity dries up → markets fall fast. Extra pressure: • Dec 19 options expiry (stocks + ETFs worth trillions) • These events often push markets down before settling What’s next: • BOJ hikes → possible quick flash crash, then bounce • No hike → relief rally into month-end That’s the setup. #BTC
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