Grayscale transferred a total of approximately 2,822 BTC to CEX today, equivalent to approximately US$183 million

KWT co-founder JZ has comprehensively outlined the project's long-term vision: KWT is not a short-term speculative product, but aims to build a "power plant economy underpinned by the intrinsic value of electricity."

X402+ stablecoins and on-chain crypto infrastructure will gradually and continuously impact the existing payment system. This not only involves the use of stablecoins, but also transfers money, credit, identity, and data into a parallel financial universe.

We are currently experiencing a "purification" that the market needs, which will make the crypto ecosystem better than ever before, potentially improving it tenfold.

Past data has shown that the "social-first strategy" is ultimately unsustainable, as Farcaster has consistently failed to find a sustainable growth mechanism for a Twitter-like social network.