A whale shorting BTC suffered a loss of over $27 million, with the liquidation price reaching $130,700.

- Arthur Hayes warns most L1 blockchains outside Ethereum and Solana face collapse due to lack of utility and structural viability. - He criticizes projects like Monad for high FDV and low float, predicting 99% crashes when early investors unlock tokens. - Ethereum's modular architecture and Solana's speed-positioned for 2026 dominance-contrast with fragmented L2 ecosystems. - Hayes backs privacy coins like Zcash, citing institutional interest and potential growth from global liquidity expansion. - He fore

- Ripple's CTO David Schwartz revealed RLUSD and diversified revenue streams reduce XRP sales dependency, eliminating structural price pressure. - Previously, XRP sales funded operations, creating a self-reinforcing cycle of price declines through forced token liquidations. - RLUSD coexists with XRP as a stable liquidity tool, while enterprise solutions generate recurring income independent of token reserves. - This shift positions XRP as a utility asset rather than a cash-flow tool, with analysts noting r