Web3 has a metadata problem, and it’s not going away

Opinion by: Casey Ford, PhD, researcher at Nym Technologies

Web3 rolled in on the wave of decentralization. Decentralized applications (DApps) grew by 74% in 2024 and individual wallets by 485%, with total value locked (TVL) in decentralized finance (DeFi) closing at a near-record high of $214 billion. The industry is also, however, heading straight for a state of capture if it does not wake up. 

As Elon Musk has teased of placing the US Treasury on blockchain, however poorly thought out, the tides are turning as crypto is deregulated. But when they do, is Web3 ready to “protect [user] data,” as Musk surrogates pledge? If not, we’re all on the brink of a global data security crisis.

The crisis boils down to a vulnerability at the heart of the digital world: the metadata surveillance of all existing networks, even the decentralized ones of

Read More at https://cointelegraph.com/news/web3-has-a-metadata-problem?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742205681645&utm_campaign=rss_partner_inbound

Web3 has a metadata problem, and it’s not going away

Opinion by: Casey Ford, PhD, researcher at Nym Technologies

Web3 rolled in on the wave of decentralization. Decentralized applications (DApps) grew by 74% in 2024 and individual wallets by 485%, with total value locked (TVL) in decentralized finance (DeFi) closing at a near-record high of $214 billion. The industry is also, however, heading straight for a state of capture if it does not wake up. 

As Elon Musk has teased of placing the US Treasury on blockchain, however poorly thought out, the tides are turning as crypto is deregulated. But when they do, is Web3 ready to “protect [user] data,” as Musk surrogates pledge? If not, we’re all on the brink of a global data security crisis.

The crisis boils down to a vulnerability at the heart of the digital world: the metadata surveillance of all existing networks, even the decentralized ones of

Read More at https://cointelegraph.com/news/web3-has-a-metadata-problem?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742147916311&utm_campaign=rss_partner_inbound

Web3 has a metadata problem, and it’s not going away

Opinion by: Casey Ford, PhD, researcher at Nym Technologies

Web3 rolled in on the wave of decentralization. Decentralized applications (DApps) grew by 74% in 2024 and individual wallets by 485%, with total value locked (TVL) in decentralized finance (DeFi) closing at a near-record high of $214 billion. The industry is also, however, heading straight for a state of capture if it does not wake up. 

As Elon Musk has teased of placing the US Treasury on blockchain, however poorly thought out, the tides are turning as crypto is deregulated. But when they do, is Web3 ready to “protect [user] data,” as Musk surrogates pledge? If not, we’re all on the brink of a global data security crisis.

The crisis boils down to a vulnerability at the heart of the digital world: the metadata surveillance of all existing networks, even the decentralized ones of

Read More at https://cointelegraph.com/news/web3-has-a-metadata-problem?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin whale bets $368M with 40x leverage on BTC decline ahead of FOMC

A Bitcoin whale is betting hundreds of millions of dollars on a short-term decline in Bitcoin’s price ahead of a pivotal week filled with key economic reports that could significantly influence its trajectory and investor risk appetite.

A large crypto investor, or whale, has opened a 40x leveraged short position for over 4,442 Bitcoin (BTC) —worth over $368 million — which functions as a de facto bet on Bitcoin’s price fall.

Leveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier compared to regular investment positions.

The Bitcoin whale opened the $368 million position at $84,043 and faces liquidation if Bitcoin’s price surpasses $85,592.

Source: Hypurrscan

The investor has generated over $2 million in unrealized profit, however, he has an over $200,000 loss on

Read More at https://cointelegraph.com/news/bitcoin-whale-bets-368-m-40x-leverage-btc-decline-fomc?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742223653011&utm_campaign=rss_partner_inbound

Bitcoin whale bets $368M with 40x leverage on BTC decline ahead of FOMC

A Bitcoin whale is betting hundreds of millions of dollars on a short-term decline in Bitcoin’s price ahead of a pivotal week filled with key economic reports that could significantly influence its trajectory and investor risk appetite.

A large crypto investor, or whale, has opened a 40x leveraged short position for over 4,442 Bitcoin (BTC) —worth over $368 million — which functions as a de facto bet on Bitcoin’s price fall.

Leveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier compared to regular investment positions.

The Bitcoin whale opened the $368 million position at $84,043 and faces liquidation if Bitcoin’s price surpasses $85,592.

Source: Hypurrscan

The investor has generated over $2 million in unrealized profit, however, he has an over $200,000 loss on

Read More at https://cointelegraph.com/news/bitcoin-whale-bets-368-m-40x-leverage-btc-decline-fomc?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742205681645&utm_campaign=rss_partner_inbound

Bitcoin whale bets $368M with 40x leverage on BTC decline ahead of FOMC

A Bitcoin whale is betting hundreds of millions of dollars on a short-term decline in Bitcoin’s price ahead of a pivotal week filled with key economic reports that could significantly influence its trajectory and investor risk appetite.

A large crypto investor, or whale, has opened a 40x leveraged short position for over 4,442 Bitcoin (BTC) —worth over $368 million — which functions as a de facto bet on Bitcoin’s price fall.

Leveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier compared to regular investment positions.

The Bitcoin whale opened the $368 million position at $84,043 and faces liquidation if Bitcoin’s price surpasses $85,592.

Source: Hypurrscan

The investor has generated over $2 million in unrealized profit, however, he has an over $200,000 loss on

Read More at https://cointelegraph.com/news/bitcoin-whale-bets-368-m-40x-leverage-btc-decline-fomc?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742147916311&utm_campaign=rss_partner_inbound

Bitcoin whale bets $368M with 40x leverage on BTC decline ahead of FOMC

A Bitcoin whale is wagering hundreds of millions on Bitcoin’s short-term decline, ahead of a week filled with key economic reports that may significantly impact Bitcoin’s price trajectory and risk appetite among investors.

A large crypto investor, or whale, has opened a 40x leveraged short position for over 4,442 Bitcoin (BTC) worth over $368 million, which functions as a de facto bet on Bitcoin’s price fall.

Leveraged positions use borrowed money to increase the size of an investment, which can boost the size of both gains and losses, making leveraged trading riskier compared to regular investment positions.

The Bitcoin whale opened the $368 million position at $84,043 and faces liquidation if Bitcoin’s price surpasses $85,592.

Source: Hypurrscan

The investor has generated over $2 million in unrealized profit, however, he has an over $200,000 loss on his position’s funding fees, <a

Read More at https://cointelegraph.com/news/bitcoin-whale-bets-368-m-40x-leverage-btc-decline-fomc?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin gets $126K June target as data predicts bull market comeback

Bitcoin (BTC) can hit new all-time highs by June this year if historical patterns repeat, network economist Timothy Peterson said.

Data uploaded to X on March 15 gives BTC/USD around two-and-a-half months to beat its $109,000 record.

April could spark 50% BTC price upside

Bitcoin has declined 30% after topping out in mid-January. The extent of the drop is characteristic of bull market corrections, and Peterson keenly senses the potential for a comeback.

“Bitcoin is trading near the low end of its historical seasonal range,” he determined alongside a chart comparing BTC price cycles.  

“Nearly all of Bitcoin’s annual performance occurs in 2 months: April and October.  It is entirely possible Bitcoin could reach a new all-time high before June.”

Bitcoin seasonal comparison. Source: Timothy Peterson/X

Peterson has created various Bitcoin price metrics over the years. One of them, Lowest Price Forward, has successfully defined levels below

Read More at https://cointelegraph.com/news/bitcoin-gets-126k-june-target-data-predicts-bull-market-comeback?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742223653011&utm_campaign=rss_partner_inbound

Bitcoin gets $126K June target as data predicts bull market comeback

Bitcoin (BTC) can hit new all-time highs by June this year if historical patterns repeat, network economist Timothy Peterson said.

Data uploaded to X on March 15 gives BTC/USD around two-and-a-half months to beat its $109,000 record.

April could spark 50% BTC price upside

Bitcoin has declined 30% after topping out in mid-January. The extent of the drop is characteristic of bull market corrections, and Peterson keenly senses the potential for a comeback.

“Bitcoin is trading near the low end of its historical seasonal range,” he determined alongside a chart comparing BTC price cycles.  

“Nearly all of Bitcoin’s annual performance occurs in 2 months: April and October.  It is entirely possible Bitcoin could reach a new all-time high before June.”

Bitcoin seasonal comparison. Source: Timothy Peterson/X

Peterson has created various Bitcoin price metrics over the years. One of them, Lowest Price Forward, has successfully defined levels below

Read More at https://cointelegraph.com/news/bitcoin-gets-126k-june-target-data-predicts-bull-market-comeback?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742205681645&utm_campaign=rss_partner_inbound

Bitcoin gets $126K June target as data predicts bull market comeback

Bitcoin (BTC) can hit new all-time highs by June this year if historical patterns repeat, network economist Timothy Peterson said.

Data uploaded to X on March 15 gives BTC/USD around two-and-a-half months to beat its $109,000 record.

April could spark 50% BTC price upside

Bitcoin has declined 30% after topping out in mid-January. The extent of the drop is characteristic of bull market corrections, and Peterson keenly senses the potential for a comeback.

“Bitcoin is trading near the low end of its historical seasonal range,” he determined alongside a chart comparing BTC price cycles.  

“Nearly all of Bitcoin’s annual performance occurs in 2 months: April and October.  It is entirely possible Bitcoin could reach a new all-time high before June.”

Bitcoin seasonal comparison. Source: Timothy Peterson/X

Peterson has created various Bitcoin price metrics over the years. One of them, Lowest Price Forward, has successfully defined levels below

Read More at https://cointelegraph.com/news/bitcoin-gets-126k-june-target-data-predicts-bull-market-comeback?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742147916311&utm_campaign=rss_partner_inbound