Put a BTC vs CC chart up this morning and CC seems inversely correlated to BTC since around the beginning of this year - why is that? Not complaining (at least not yet lol), just curious.

Whats CC

Canton coin

I'd exercise extreme caution with any crypto that has a "foundation" making decisions

A few months back I asked about ZEC in here and the general consensus was that it was a "****coin."

Genuinely didn't know much about it then and still wouldn't claim to be an expert now.

But it did get me thinking:

How much of our conviction (positive or negative) in crypto is actually rooted in fundamentals vs. sentiment, narratives, or timing?

ZEC's focus on privacy is either:
- a real long-term differentiator, or
- a regulatory overhang waiting to happen

…and I can see both sides of that argument.

Curious how people here view it now:
- Has anything materially changed in how you evaluate ZEC?
- Or is this just another example of price moving independently of underlying value?

Anybody got $RAVE coin? It is going to the moon. $0.50 to $9 buck dollars in a few days

Hyped for HYPE

Privacy coins will always catch a bid every once in a while. Think they are pretty solid to trade.

As for the privacy aspect... I understand the allure of it for sure, but if governments were actually at risk of losing control or sizeable tax income to a privacy coin I'd think they'd get smashed through pretty quick. I don't see them letting that fly.

But Idk maybe

BREAKING: Bitcoin extends gains to +5% on the day and rises above $74,000. pic.twitter.com/UUlOPzObJV

— The Kobeissi Letter (@KobeissiLetter) April 13, 2026

This was a pretty good listen on the mechanics of STRC and a bit of sobering outlook on DeFi

https://t.co/ZfRNhN7ufQ

— Flood (@ThinkingUSD) April 12, 2026

I cant get link to work.


Whats the sobering part on DeFi

TOM LEE AT PARIS BLOCKCHAIN WEEK

BITMINE already owns 4% of ETH supply. They expect to reach 5% this year.

But the bigger point is MAVAN.

BITMINE is already staking over $2B of other people’s crypto, including ETH, HYPERLIQUID, and SOLANA.

TOM LEE says MAVAN will be the… pic.twitter.com/aAw4qg96HN

— BMNR Bullz (@BMNRBullz) April 15, 2026

Monthly average daily volume for STRC:

Dec: 571,882
Jan: 1,218,507
Feb: 1,200,511
Mar: 2,576,430
Apr MTD: 5,132,188

jamey said:

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I cant get link to work.


Whats the sobering part on DeFi

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Let's put it this way

Defi yields are now lower than treasury yields
Add in the risk of existing protocol hacks, the real risk rate is way lower

Now add in Mythos which is apparently powerful enough to put bullets in legitimate infosecurity. Yea, take your money out of there and run.

@NFLPlayerProps said:

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Monthly average daily volume for STRC:

Dec: 571,882
Jan: 1,218,507
Feb: 1,200,511
Mar: 2,576,430
Apr MTD: 5,132,188

---

This is my first turn on it. Currently running down near $99/share.

Assuming they are increasing the yield to commensurately buy the price back up to $100?

Or they just stop issuing new shares for a bit. Both work. It will get back to $100 relatively quickly

🚨JUST IN: President Trump says: “The GENIUS ACT is being threatened and undermined by the banks, and that is unacceptable, We are not going to allow it.”

“Getting the Clarity Act done is the next step to finish the job.”$RLUSD 🤝 #XRP pic.twitter.com/np1PCAaAAo

— Rep. Hugh Blackwell (@TrueRepHughB) April 17, 2026

MaroonStain said:

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Anybody got $RAVE coin? It is going to the moon. $0.50 to $9 buck dollars in a few days

---

And rug pull complete back to $0.50

https://www.msn.com/en-us/money/companies/world-liberty-investor-justin-sun-claims-trump-crypto-venture-secretly-installed-tool-to-freeze-user-holdings/ar-AA20N1eK?ocid=msedgntp&pc=U531&cvid=69dd9d67844d406f891aff0d0e311146&ei=38

Quote:

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A major investor in U.S. President Donald Trump's World Liberty Financial crypto venture has claimed that the firm "secretly" implemented a tool to unilaterally freeze and restrict private holdings of its WLFI token.
In posts on social media platform X on Sunday, crypto entrepreneur Justin Sun said, without offering evidence, that World Liberty had embedded what he described as a "backdoor blacklisting function" in the blockchain-based contracts used for the tokens.

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Quote:

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It generated more than $460 million in income for the Trump family during the first half of 2025, according to a Reuters analysis https://www.reuters.com/investigations/inside-trump-familys-global-crypto-cash-machine-2025-10-28/ published last year.
Sun in late 2024 became the largest publicly known investor in the then-fledgling World Liberty, spending tens of millions of dollars on the WLFI token and being named as an adviser to the firm. He later upped his holdings to at least $75 million of the tokens, according to his social media posts from January 2025.
In 2024, Sun told a New York Times reporter his investment was a vote of confidence https://www.nytimes.com/2025/04/29/us/politics/trump-crypto-world-liberty-financial.html in what he called the Trump family's "excellent project".

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For those more in the know about crypto, is it normal for crypto currencies to "freeze, restrict, and effectively confiscate the property rights" of any token holder, without cause and without recourse."?

For ****coins, yes

More news from the Trump boys and crypto.

Link

Quote:

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Eric Trump has been quietly scrubbed from the public leadership of a small financial technology company closely tied to his family's cryptocurrency venture.
As recently as March, the president's second-oldest son was listed on the leadership page of Alt5 Sigma Corp., a Las Vegas-based firm that shot to national prominence last year after it began stockpiling tokens from World Liberty Financial, the Trump family's crypto venture.

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Quote:

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Alt5's own finances paint a troubling picture. Shares in the company have shed roughly 90 percent of their value since it announced the World Liberty token stockpile last August. The firm lost more than $341 million in its most recent fiscal year and warned investors it had "substantial doubts" about its ability to stay afloat another year. As of December, it had 16 employees.

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Witkoff's son is also involved in this one.

Checking in. Kinda neat movement for some items on a Sunday

HBAR up 7%

This is how I see crypto playing out over the next five years

1. I see almost all alts going to zero with the advent of stocks tradable on the blockchain. There's no reason for alt coins anymore.

2. PoW is going to die. Computing power will overtime be diverted to data centers and AI. The Bitcoin security budget issue is real and looming. AI makes it even more of a hurdle.

3. Europe and Asia avg less than 15% of citizens who ow equities. Tokenization opens the world to the US markets in a way never before. Like how majority of stable coin use is abroad.

4. Because of 3 a very few chains will emerge and consume the entirety of the crypto market like internet and computing companies did in 2001.

5. There is likey one final pump for Bitcoin. The halvening will be front ran hard. But the post halvening pump will never come due to two things. One the halvening is diminished returns. Second the liquidity will have already entered. The four year cycle will be invalidated and too much competition from competing chains, AI, and yield products will leave btc for dead. The final nail will demographic shifts. Young people have no interest in btc.

6. Public companies will provide the onchain services now done by "DeFi". Coinbase is an example of this future. There is no "base chain" token.

7. PoS will be desirable because of the yield.

8. TPS is irrelevant to security and first movers advantage. Blackrock and JPMorgan will play my king maker for the chains. Nothing else matters on who wins or loses.

9. Circle probably will lose value and get bought out. They have no moat.

10. PoH (proof of human) might be a legitimate industry/narrative to emerge that blockchains can provide service for.

Which block chains you think survive

Yukon Cornelius said:

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This is how I see crypto playing out over the next five years

1. I see almost all alts going to zero with the advent of stocks tradable on the blockchain. There's no reason for alt coins anymore. I agree with this plus another point that most alts provide no clear framework for transferring economic value to the token owner. Current exceptions for me would be Canton network and Hyperliquid. There are others but none that I really care about.

2. PoW is going to die. Computing power will overtime be diverted to data centers and AI. The Bitcoin security budget issue is real and looming. AI makes it even more of a hurdle. Hard disagree here. Bitcoin mining can be and is actually used as a load stabilizer in energy distribution at data centers because of the ability to turn off and on almost instantly. Do you foresee Data Centers in the US not having periods of high load and lower load throughout a day/night cycle? I do agree that compute is already shifting to AI (IREN, CLSK, CIFR) but I don't think that has to come at the "death" of PoW

3. Europe and Asia avg less than 15% of citizens who ow equities. Tokenization opens the world to the US markets in a way never before. Like how majority of stable coin use is abroad. I hadn't thought of this and a pretty cool point.

4. Because of 3 a very few chains will emerge and consume the entirety of the crypto market like internet and computing companies did in 2001. I do agree that most alts will and need to die and there will end up being a few "haves" that come out of this. I wish I knew what those would be! As I stated in scenario 1, I personally think tokens will have to have clear economic value structure to holders to succeed. This is becoming an institutional game at this point. Not governance token BS. I am also not entirely sold on the idea that the large network effect L1 tokens will capture value. Why can't a company like Circle just create their own L1 for their stablecoin....oh wait they just did.

5. There is likey one final pump for Bitcoin. The halvening will be front ran hard. But the post halvening pump will never come due to two things. One the halvening is diminished returns. Second the liquidity will have already entered. The four year cycle will be invalidated and too much competition from competing chains, AI, and yield products will leave btc for dead. The final nail will demographic shifts. Young people have no interest in btc. I disagree with this as well, but I am much more of a BTC maxi than you so I will give you that. I won't drone on about why I think you are wrong, but I also find it hard to bet against BTC, Larry Fink and blackrock

6. Public companies will provide the onchain services now done by "DeFi". Coinbase is an example of this future. There is no "base chain" token.

7. PoS will be desirable because of the yield.

8. TPS is irrelevant to security and first movers advantage. Blackrock and JPMorgan will play my king maker for the chains. Nothing else matters on who wins or loses.

9. Circle probably will lose value and get bought out. They have no moat.

10. PoH (proof of human) might be a legitimate industry/narrative to emerge that blockchains can provide service for. I have been thinking this will certainly become a necessity in the near future. Great point here

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Idk. Your guess is as good as mine. Whichever ones the kingmakers select I think.

You bring up a really interesting idea with switching to btc mining during low load times. I concede that's a very interesting idea. If it was solely just a matter of ai compute or btc mining I think I might change my mind to align with you. But there's a legitimate concern with the diminishing returns of the halvings. It was projected that the transaction fees would offset the diminishing having returns. But network usage fees are really really low. And there's more competition against other chains and DeFi. Heck even Michael Saylor is talking about using ethereum for DeFi platform for STRC. The irony. BTCs future is predicated on continue price appreciation. My ultimate concern is if the 4 year easy money cycle invalidates its in real trouble. It's been easy money to buy prior to the halving. My thesis is that cat is fully out do the bag at this point. The majority of the liquidity that would typically flow int btc during a bull run will likely frontrun the halving. Creating an epic pump but invariably there won't be enough juice left post halving. And IF there is no new ATH after the halving the entire btc security system is in serious jeopardy. And because btcs value proposition has been solely reduced to "digital gold/store of value" any security issue real or perceived will be devastating.

Now maybe in a decade it comes out even stronger. Who's to say. But I'm incredibly concerned about this next cycle. Now if I'm wrong and we get a new ATH after the halving look out, the run up will be insane I'd imagine.

I wish it was my idea, but alas it is not. It is something being done with these large data center energy contracts. They use the stranded energy during low compute AI times to just "flip on" the miners. It helps to stabilize load levels and produce assets during these times. I believe it was the CEO of IREN talking about this.

That's very cool and encouraging. I'm going to read up on it. Thank you for sharing that!

https://www.jameslavish.com/p/bitcoin-backed-yield-a-boring-chart?utm_campaign=email-half-post&r=19atn4&utm_source=substack&utm_medium=email

This article is free (most of his are subscription) for anyone interested in understanding STRC and SATA perpetual preferred equities. This guy is awesome at breaking down macroeconomics, markets and finance into easy to understand language for those like me on a continued learning curve of an important topic outside my area of professional expertise.

After doing a lot of research to understand the mechanics and in my opinion low/tolerable risk profile, I recently moved my cash positions into a 2:1 ratio of STRC : SATA to achieve a blended 12% annual yield on my dry powder/emergency fund cash as opposed to MMF, treasuries, or worse by risking it in the DeFi pools (looking at you AAVE)

Hope this helps!

Good explanation of the mechanics. However they kind of ignore the elephant in the room. All th convertible bonds take priority and the majority of the btc under MSTR is indebted to those bonds. If MSTR isn't high enough cash has to be generated to pay the bonds. Don't get caught racing for the exit when the fire alarm gets pulled. Everything is predicated on BTC going up and MSTR going up. STRC isn't a savings account. It's a leveraged btc bet.

I'm reminded of the words "the market can be irrational longer than you can stay solvent."

The convertible bonds are unsecured senior notes. None of the BTC is pledged as collateral. No lien on any bitcoin, and the bitcoin they hold is not encumbered by the bonds. Implying that BTC backs the bonds is a fundamental misunderstanding of the capital structure.

Saylor has been explicit about this. He could have issued secured debt backed by BTC and would most likely get better rates doing so, but he deliberately chose unsecured convertibles to keep the BTC unencumbered. You're conflating "the company has debt" with "the BTC collateralizes that debt." Those are very different things.

Regardless the bond has to be paid back if MSTR isn't high enough. Where do you suppose the cash will come from? It's real debt. It may work out timing wise MSTR is up enough when bonds come due to avoid any issues. But if it's not this thing can unravel really really fast.

They have $65B in BTC and $8.2B debt. BTC would need to fall below $10k for the debt to exceed their holdings. Conversion to equity is the most likely outcome for convertible bond holders, and what they hope happens. Maturities are staggered over 4 years and he's already proven he has multiple re-financing levers.

Not saying there's no risk, but forced liquidation would take a very deep bear market that was sustained for years.