ZK 🎒 retweeted
Venezuela Just Proved the Bitcoin Bull Case, And No One Is Paying Attention
Maduro used Tether to move 80% of Venezuela's oil revenue. Billions in sanctions evasion, settled on Tron since 2020.
Then the US made a phone call.
Tether froze the wallets.
Game over.
Everyone's focused on the arrest. The real story is the lesson every finance minister on earth just learned in real time:
Stable coins are a leash, not an escape.
If someone can freeze it, it isn't money. It doesn't solve sovereignty.
First principles:
USDT is dollar plumbing without SWIFT. Faster. Cheaper. Still has a CEO. Still has a compliance department. Still picks up when Washington calls.
This is why USDT adoption exploded, 71-year-old grandmothers in Caracas pay their HOA fees in tether now. But useful ≠ sovereign.
The entire value proposition for sanctions evasion just got publicly falsified.
Now do the game theory:
You're Iran. Russia. Any country hedging against dollar weaponization. You just watched Venezuela's "crypto solution" get shut off like a light switch.
Where do you put reserves now?
USDT? Compromised.
Yuan? Political strings.
Gold? Try settling $500M across borders in 10 minutes.
CBDCs? Same kill switch, government branding.
There's exactly one asset that clears final settlement without asking permission from anyone.
21 million units. No CEO. No freeze function. No phone number.
This is the ad Bitcoin never had to buy.
The most desperate, highest-stakes capital on earth just learned there's only one door.
Price doesn't reflect it yet.
It will.
ZK 🎒 retweeted
🚨 There’s a large-scale supply chain attack in progress: the NPM account of a reputable developer has been compromised. The affected packages have already been downloaded over 1 billion times, meaning the entire JavaScript ecosystem may be at risk.
The malicious payload works by silently swapping crypto addresses on the fly to steal funds.
If you use a hardware wallet, pay attention to every transaction before signing and you're safe.
If you don’t use a hardware wallet, refrain from making any on-chain transactions for now.
It’s still unclear whether the attacker is also stealing seeds from software wallets directly at this stage.
Excellent report here: jdstaerk.substack.com/p/we-j…
Most Bitcoin market cap calculations don’t account for lost coins.
💰 Current market cap: ~$2.17T
🚫 Estimated lost BTC: ~20% (~4.2M BTC)
⚡ Adjusted “real” market cap: ~$1.73T
Scarcity is even greater than it looks.
ZK 🎒 retweeted
📊REPORT: In the last 7 days, over $240 million bridged from other chains to @Solana, including $125 million+ from Ethereum alone.
(A growth of 33% compared to last week)
