THE BLOCK ANALYST

$BTC - History might be repeating 👀
On the 1W chart, the MA(7) just crossed below the MA(25), same setup we saw before the 2022 -50% flush. Both times price also broke below the MA(99) after losing structure. That’s when the real acceleration happened.
ATH → distribution → MA cross → structure breakdown → loss of 73k support..
If #BTC doesn’t reclaim 85–90k soon, the 50k zone and lower is very realistic.
Fractals don’t copy. They rhyme. 📉
However, this phase feels very different for #altcoins .
Most of them are already at extreme despair levels and can’t realistically drop much further, aside from newer coins. Market caps across many alts are sitting at historically low levels with heavy fear priced in.
We’re starting to see selective strength and rotation into a few altcoins.
#crypto is clearly struggling right now, but the future is still bright.

what do you think guys ?

SparkLend held $5.29B in supplied assets, almost entirely on Ethereum.
The protocol stays conservative by design — ETH, BTC derivatives, and USD stables only. It’s less about yield chasing, more about capital staying put.

@Tether USDT Tether keeps climbing as stablecoins absorb more capital, while ETH chops in a risk-off market.
The gap is narrowing fast — if the stablecoin trend holds, USDT flipping ETH for #2 by market cap stops sounding impossible.
#USDT $USDT

Fintech Lending Giant Figure Confirms Data Breach After Social Engineering Attack
> Figure Technology, a blockchain-based fintech lender, confirmed a data breach after a social engineering attack on an employee led to the theft of a limited set of internal files containing customer personal data.
> Hacker group ShinyHunters claimed responsibility, published 2.5GB of data after a ransom refusal, and linked the incident to a broader Okta-related targeting campaign.

@Tether USDT Tether Invests in Dreamcash to Bring USDT Quoted RWA Perpetuals to Millions of Traders
> Dreamcash’s operating entity, Supreme Liquid Labs, has secured a strategic investment from Tether as first USDT0-collateralized markets go live on Hyperliquid
> Dreamcash is a self-custodial mobile app built for trading on Hyperliquid.
#USDT $USDT

Anchorage Digital, Kamino, and Solana Company Expand Institutional Collateral Management on Solana
> Anchorage Digital, Kamino, and Solana Company have launched a new structure that lets institutions use natively staked SOL, held with a qualified custodian, as collateral in Solana’s participating markets.
> Institutions can access onchain borrowing without moving assets out of regulated custody, with Anchorage Digital managing collateral to ensure protocol safety.
#solana $SOL

> The new DefiLlama search tool helps users search for thousands of crypto projects, manually vetted links, and correctly map old protocol names to their latest rebrands to avoid confusion.

Tomasz K. Stańczak to Step Down as Ethereum Foundation Co-Executive Director
#ETH $ETH

Kalshi CEO Tarek on Hedging + New Partnership with Sports Insurance Broker Game Point Capital
> Kalshi has announced a partnership with sports insurance broker Game Point Capital.
> Tarek says sports insurers are increasingly using exchange markets instead of OTC reinsurance to hedge team and player performance bonus risks more cheaply and transparently.
> Game Point Capital is using Kalshi's prediction markets to hedge team performance bonus contracts at lower costs ((6% vs 12-13% OTC)) than traditional reinsurers like Lloyd's of London
#Kalshi

Aave Proposes “Aave Will Win” Framework to Send 100% Product Revenue to DAO Treasury
The proposal asks the DAO to:
> Direct 100% of Aave-branded product revenue to the Aave DAO treasury.
> Ratify Aave V4 as the protocol’s core technical foundation for future development.
#AAVE $AAVE

Tokenized real estate sits at ~$392M across 58 properties, and it’s highly concentrated.
The US and UAE make up nearly 80% of value, while just three platforms control 74% of the market. Growth is narrow too: Polygon and Solana are the only chains still expanding.
#RWA

Bitcoin just slipped below its True Market Mean for the first time in 2.5 years.
Last time that happened, BTC was trading around $29K. Context matters.
#BTC $BTC

Ethereum scaling is actually doing its job now.
Usage keeps climbing while network footprint shrinks — post-Fusaka, L1 and L2 activity flipped from lockstep to inverse (r ≈ −0.67). That’s what breaking the congestion tradeoff looks like.
#ETH $ETH

DeFi never really cracked options beyond prediction markets.
If Hyperliquid can bring options on-chain without eating its own perps flow, that’s a meaningful unlock. Pulling a real options market on-chain would be a step-change, not an iteration.
#defi

Maple now sits on $2B+ in stablecoin deposits.
That capital is earning yield directly from institutional borrowers.

Sky printed roughly $340M in revenue in 2025, putting the DAO in the top tier of crypto earners.
At the same time, USDS transfer volume jumped ~400% YoY, hitting ~$260B in Q4. That’s usage scaling, not just fees.

Uniswap web traffic just hit a multi-year low, down ~60% YoY.
Retail attention has drifted, but usage hasn’t vanished — Curve DAUs are sitting at ATHs. Frontends fade, rails keep running.
#Uniswp $UNI

Ethena’s FDV-to-fees ratio compressed to ~5.8 in January, while fees hit $29M (+32% MoM).
With ENA trading near ATL, the playbook is clear: push USDe into TradFi and CeFi, embed it deeper as collateral, and optimize duration and yield as rates roll over. If execution lands, Ethena likely looks very different in a lower-rate regime.
#ENA $ENA

ENSv2 Will Be Deployed Exclusively on Ethereum

> The ENS team has made the decision to deploy ENSv2 exclusively on Ethereum L1 and to cease development of Namechain.

> ENSv2 will still ship, and ceasing development of Namechain does not affect or change roadmap.
#ETH $ETH