SOL investors shrug off unlocks

This is a segment from the Lightspeed newsletter. To read full editions, subscribe.

Solana watchers will hope 2025 brings some of those fabled bullish unlocks.

If you search for “SOL unlocks” on X, you’ll find a cascade of warnings that the token’s circulating supply is set to greatly increase in 2025 alongside grainy screenshots of an unsourced spreadsheet showing big unlock figures. While these unlocks are real, industry watchers I spoke to didn’t seem too concerned that the newly-sellable tokens — which account for a small percentage of the overall supply — will add much downward pressure to the asset.

In Solana’s early days, FTX purchased a ton of SOL…

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Big US crypto opportunity not a sure thing, survey says

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

A new survey weighing industry leader sentiment shows an optimistic outlook for crypto — with a dose of skepticism too.

It includes opinions from some 230 executives gathering at the CfC St. Moritz 2025 conference. Among them are the CEOs of Binance and Ripple, chair of the CFTC, and executives at TradFi giants like BlackRock, Fidelity and Franklin Templeton.

The biggest opportunities are going to be in the US, 61% of survey respondents agree — followed by the APAC region, then Middle East and Asia. That comes despite America being back of the pack on the favorable jurisdictions…

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Is $200,000 a Realistic Bitcoin Price Target for This Cycle?

Bitcoin has been making waves in the financial world, with many speculating about its potential to reach new heights. As we explore whether the Bitcoin price can realistically hit $200,000 this cycle, we’ll dive into the market dynamics and what drives prices higher.

For an in-depth complete analysis, refer to the original Can Bitcoin Realistically Reach $200,000? full video presentation available on Bitcoin Magazine Pro’s YouTube channel.

Key TakeawaysBitcoin’s price is influenced by supply and demand dynamics.Long-term holders play a significant role in market stability.The money multiplier effect shows how market cap can increase with new investments.Current trends suggest a… Read more on BitcoinMagazine

Succinct’s SP1 bug sparks transparency debate in ZK security

This is a segment from the 0xResearch newsletter. To read full editions, subscribe.

Succinct’s SP1 ZKVM has come under scrutiny after LambdaClass disclosed a critical security vulnerability in its proof generation. The exploit in version 3 of SP1, discovered in collaboration with 3Mi Labs and Aligned, stemmed from the interaction of two separate security flaws.

Succinct previously disclosed the potential exploit to its customers via Github and Telegram.

Here’s what happened in simple terms:

Missing Verification Step — The system relied on a list to track key proof components but didn’t properly verify that the list was accurate. Consequently, a malicious prover… Read more on Blockworks

The Game Theory of a Strategic Bitcoin Reserve

Bitcoin’s decentralized consensus mechanism works based on some cleverly crafted incentive structures. The first and fundamental rule is that the chain with the most work is the correct one. This single rule obviates the need for a central arbitrator, determining which chain is correct as a function of the efforts of thousands of decentralized parties, each trying to extend the blockchain. The subsidy to miners keeps moving the blockchain forward, creating painful opportunity costs for miners who don’t mine the tip. These mechanisms, together with the difficulty adjustment, set the game theoretical framework for a chain that has marched forward, 1 block at time, with near 100% clarity…

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Donald Trump Vows to Propel Bitcoin to New Heights

In a recent series of tweets, David Bailey, CEO of BTC Inc, shared highlights from a private conversation with President Donald Trump. Bailey revealed that Trump expressed unwavering support for the Bitcoin community. According to Bailey, the former president stated, “He’s with us 100%, we’re going to send things to much greater heights, and we’re going to outcompete China and other countries that want to take it from us.”

Just talked with @realDonaldTrump and thanked him for keeping his promises to our industry and to Ross. I asked him if he wanted to share a message with the Bitcoin community…He said he’s with us 100%, we’re going to send Bitcoin to much greater heights, and…

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AI token selloff a product of too much ‘excitement’

This is a segment from the Empire newsletter. To read full editions, subscribe.

That’s one way to describe yesterday’s action both in crypto and outside of it. 

Galaxy Trading summed the action up to a “function of broader crypto market movements” while GSR’s Carlos Guzman said that the AI narrative dominated the day. 

Basically, DeepSeek — a Chinese AI company — was able to rival OpenAI’s very expensive model for much cheaper on older (and much less expensive) chips, hence the selloff in Nvidia. 

(Sidenote here: Decide AI’s Jesse Glass doesn’t think that the cheaper GPU story will last because DeepSeek will still need larger GPUs as it… Read more on Blockworks

Protect Your Bitcoin — And Yourself — With AnchorWatch

Founders: Becca Rubenfeld and Rob Hamilton

Date Founded: March 2022

Location of Headquarters: Nashville, TN

Number of Employees: Five (soon to be seven)

Website: https://www.anchorwatch.com/

Public or Private? Private

After almost three years of development, AnchorWatch has rolled out its product — a collaborative bitcoin multisig vault that comes with an insurance policy.

The company has created what it calls a Trident Vault, which utilizes smart contracts on Bitcoin to enable features like timelocks, multisig quorums and spending conditions, and AnchorWatch insures the bitcoin protected by these vaults as a Lloyd’s of London Coverholder.

The combination of this technology plus world-class…

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