It's not only about number go up
April 2025
It has once again been a struggle to find crypto news that is not just “number go up”, or “normie company hoarding more Bitcoin” and it is disappointing and dull.
I’m not the only one feeling this absolute boredom of this phase of the cycle as I have noticed a number of the X / Twitter accounts of deep crypto peeps have either quit the projects they were working on or are contemplating rage quitting.
Who can blame them when the revolutionary systems and blockchains that they are pouring their hearts and souls into are being relegated to the sidelines by FARTCOIN.
How can the world of Web3 be taken seriously when the top performing cryptos are clearly grifts that will rug at any point in time and have absolutely no utility?
The only crypto companies that seem to be doing well are those who are the middle men and are taking fees for processing transactions… which seems very similar to the banking system… which I thought we were trying to disrupt!
There were some glimmers of hope, from funding into projects that could lead the change we need, to the new SEC coming into play and Bitcoin becoming the 5th biggest asset class.
$55 million Investment into LayerZero by a16z
LayerZero, an interoperability protocol, received $55 million investment from VC firm Andreessen Horowitz (a16z).
An interoperability protocol is a set of rules that allows different systems to communicate and work together, even if they are built on different blockchains.
For example, you could send money from a Bitcoin wallet to an Ethereum wallet using, even though Bitcoin and Ethereum are separate networks.
With the current difficulty in the user experience in crypto, this investment could speed up the use of LayerZero technology in day to day systems.
CEO of Mantra Begins to Burn 150M OM Tokens to Rebuild Trust 🔥
JP Mullin, the founder of Mantra, which recently saw a 90% in value of it’s token after what looked like a rug pull, is starting the process of unstaking his 150 million OM tokens to be able to send them to a burn address.
Often when tokens are staked, there is an unstaking process that can take from a couple of days to a couple of weeks.
Mullin has said he will permanently remove an additional amount of tokens in a move that is meant to show his focus on building the network.
Can the damage of the flash crash be undone by this move of destroying such a large percentage of the networks supply?
We can only wait and see.
New SEC Chairman Paul Atkins Sworn In
The days of Gary are finally over as pro crypto bro, Paul Atkins, has been sworn in as chairman of the US Securities and Exchange Commission (SEC).
When Gary was in the role it was truly the wild west of regulations as crypto and web3 business were given the rule book, written in invisible ink to follow.
With this new SEC chairman it is hoped that clear and understandable regulations around crypto will come into effect and companies will not have to guess if they are within the rules or not.
As almost all of the outstanding SEC cases have now been dropped, the different crypto companies will be relieved that they no longer need the lawyers on endless retainers for those potential cases and that they can plan and work with the future of regulators in the US.
Bitcoin Becomes Bigger than Google in Market Cap
When Bitcoin hit 94k earlier in the week the market capitalisation touched $1.86 TRILLION, making it the fifth-largest asset, passing Google (GOOG).
Market capitalisation for Bitcoin is the total value of all its bitcoins in circulation, calculated by multiplying the current price of one Bitcoin by the total number of Bitcoins that have been mined.
As the FUD with trade wars, tariffs and other malarky continues, it looks like more are moving towards the safe haven of Bitcoin.
Revolut One to Watch As Profits Soar
Neobank, Revolut has announced record profits after onboarding 15 million users and finally received a banking licence from the UK.
Why is this crypto news?
Revolut also has a crypto wallet and trading platform integrated into their APP and this is what the future of crypto could look like.
The user experience is amazing and they have clearly understood that to make a winning business, your customer has to be able to easily use your product.
In addition they have a great Learn section, where there are very easy to understand lessons on different topics from Fraud to crypto basics, where you can earn crypto while learning.
If you are interested in setting up an account with them, please use my affiliate link here: Affiliate Revolut account link
From the improvements that LayerZero could implement with their increased funding, to the impressive adoption of Revolut, winners are going to be found in crypto through these sorts of developments which make it easier and seemless for people to adopt and use these products.
Those who can make user focused products and adapt and develop based on real customer feedback will be the winners of the next section of the cycle.
Crypto and Web3 needs to be built into the background so that people can simply use them for everyday actions, without having to understand what is actually going on under the hood.
Be kind, be careful, be curious 💚