paypal just made solana the default network for PYUSD. 387m active accounts, $1.53t annual payment volume, choosing solana over ethereum for settlement. PYUSD minting $15-20m daily, 700% growth YoY. meanwhile SOL funding negative 17 straight days and down 35% YTD. fundamentals

75,000 btc accumulated in 30 minutes yesterday. 166 days of mining output absorbed in half an hour. $60-70k zone now holds 429,000 btc after 43% supply concentration surge. futures OI down 53% from october peak. first day without net selling in 60 days. march 1 regulatory clarity

magic eden abandoning $25m annual NFT revenue to launch dicey onchain casino. private alpha: $15m wagered from 100 users. rollbit at $129m mcap burned 65% of supply proving casino economics crush marketplace fees. ME at $51.5m mcap with 825k followers attempting same playbook.

hyperliquid hired jake chervinsky with $29m to build a DC policy center. 10-11 employees generating $200m-1b revenue and they're spending it on shaping CFTC rules before Q2 congressional votes. dydx, gmx, gains network have zero regulatory infrastructure. this is how you build a

canton CC token burns 15m tokens daily at $5.9t monthly volume. sounds bullish until you realize fees are USD-denominated. if CC price goes 10x, they burn 10x fewer tokens per transaction. the deflationary narrative breaks at higher prices. this is the opposite of ethereum's gas