Orbit: Crypto Community Feed

$BTC 🇰🇷 South Korea just tightened its crypto rules. The ₩1 million threshold for the Travel Rule is being removed. That means information-sharing requirements will apply to crypto transfers between registered VASPs regardless of how small the transaction is. The reason is pretty simple. Regulators don't want people breaking transfers into smaller amounts to get around AML checks. South Korea is clearly taking crypto regulation more seriously. And with the country already being one of the world's biggest crypto markets, this is worth watching closely.

After falling to a 2 year low, the CDD (30-dma) is currently trending back up. This indicates that long term holders are destroying UTXOs by moving $BTC that has been held for more than 6 months. CDD (Coin Days Destroyed) is a metric that accounts for the number of days a UTXO was held before being spent. The longer it was held, the higher its CDD contribution, which allows us to gauge LTH activity. — At first glance, this could suggest that LTHs are intensifying their movements and therefore their selling, since a large amount of LTH $BTC moving usually translates into increased sell pressure. But this reading is biased by the Coldcard event, which pushed many LTHs to move their BTC in order to improve its security. This is visible in LTH spent UTXOs, which spiked at the end of July, at the same time.

Deep in a $1 trillion pay package approved by Tesla’s shareholders is an escape clause that could pay off for Elon Musk in several ways if he folds the automaker into his SpaceX empire.

The Technical Spine: EIPs, The Beacon, and Blobs $ETH $ETH $BTC Most people think $ETH superpower is smart contracts. They're wrong. Its real superpower is upgradability the willingness to rip out its own engine while driving 100 miles per hour. Let's start with The Beacon Chain, launched in December 2020. This was the quietest revolution in crypto history. For over two years, this parallel chain ran alongside $ETH practicing Proof-of-Stake consensus without actually processing transactions. Think of it as a flight simulator for the main network. Validators deposited 32 $ETH to join, earned rewards, and waited. No users noticed. No hype. Just 24/7 testing, ensuring that when The Merge finally came in 2022, it wouldn't crash. And it didn't. That two-year shadow chain was the reason the transition was flawless. Then came EIP-1559, activated in August 2021. Before this, gas fees were a chaotic auction you bid blindly, overpaid, and hoped. EIP-1559 changed the game: a base fee set algorithmically, with a little twist that made crypto purists giddy base fees get burned. Every transaction permanently destroyed a chunk of $ETH. During high traffic periods, $ETH actually became deflationary more$ETH burned than created. Supply shrank. Value hardened. $BTC "digital gold" narrative suddenly had competition. Finally, Proto-Danksharding or EIP 4844 went live in March 2024. The name is terrible, but the impact is massive. Previously, Layer 2s like $Arbitrum posted their transaction data to $ETH main chain as calldata expensive and cramped. Proto-Danksharding introduced blobs: temporary data packages that cost pennies and expire after 18 days. Suddenly, L2 fees dropped from dollars to fractions of a cent. $ETH finally became cheap enough for everyone not just whales and speculators. Three upgrades. Three engineering miracles. No marketing stunts. Just relentless, ugly, beautiful code. That's how $ETH won. #TrumpMediaCryptoLosses #RocketLabRevenueBeat #SP500Eyes8000

🚨 EVERYONE IS WAITING FOR THE NEXT BIG MOVE… BUT THE REAL SIGNAL MAY ALREADY BE HERE. 👀💰 Crypto is sitting in an interesting spot. $BTC is hovering around $64K after losing its recent $65K+ momentum, while traders remain cautious ahead of U.S. July CPI. Fear is still in the market. But there’s one thing I’m watching closely: 💰 Institutional money hasn’t stopped showing up. U.S. spot $BTC ETFs pulled in roughly $853.5M across five consecutive sessions, while $ETH ETFs added around $244.9M during the same week. So why isn’t price ripping higher? Simple:#AIInfraEarningsWatch #CPIToResetFedBets #AIInfraFundingDiverges

#财报观察员：空头回补成焦点，SpaceX后续怎么看？ $SPCX isn’t out of the woods just because the first unlock held. The next supply waves are still coming. 320M shares on Aug 20, roughly 700M in September, and another ~700M in October. The unlock process is split into nine stages and runs into 2027. And shorts are still there. More than 250M shares remain short. If insiders start selling into the new supply, shorts get fresh ammo. If sellers fail to show up again, the squeeze can keep going. That’s why I’m not getting too excited about the first 8% reaction. One unlock survived. The next few are a much bigger test. At this price, $SPCX can look cheap or expensive depending on your time horizon. I’m not loading up here. Let the supply settle first. No rush. No panic. Just watching the tape. $SPCX $XSPCX

$BTC has just made an important move on the 4H chart. $BTC pushed into the upper Bollinger Band around $65,600 before getting rejected and rolling back through the middle band at $64,750. Price is now sitting around $63,860, right on the lower Bollinger Band. This is the part I’m watching closely. When Bitcoin moves from the upper band to the lower band this quickly, it tells me volatility is expanding and momentum has shifted short term. But I don’t think this is enough to call for a larger breakdown yet. The lower band is currently around $63,878, meaning BTC is testing the first area where buyers need to show up. If $63,800 to $64,000 holds, I’d expect a potential mean reversion back toward the middle band around $64,750. A reclaim of $64,750 would be the first sign that the recent weakness is losing momentum. Above there, $65,600 becomes the key level again. If $BTC can reclaim the upper band and hold above it, the next move towards $67,000 becomes much more interesting. On the other hand, a clean 4H close below the lower band would change the picture. That would suggest the move is becoming more than a simple pullback and could open the door towards the $63,000 area. My bias here is still to watch for a reaction rather than chase the move down. Bitcoin has gone from testing the upper band to testing the lower band in a matter of candles. That usually isn't where I want to make an emotional decision. I want to see whether buyers defend $63,800 and push price back inside the bands. For me, $64,750 is the key level to reclaim. Until then, Bitcoin is in short-term weakness. Reclaim it and the structure starts looking much healthier again. Lose $63,800 decisively and I’d expect another leg lower before the next meaningful recovery. The next few 4H closes should tell us a lot.

BREAKING: Anthropic secured a $9.1 billion deal with $BTC miner Riot Platforms for AI data center capacity. Riot shares rose 25% after-hours. Riot will provide 191 megawatts from its Rockdale, Texas campus, powering roughly 143,000 homes. The 20-year contract runs through June 2048, with two optional 5-year extensions potentially raising total sales to $16.1 billion. #AIInfraEarningsWatch #CPIToResetFedBets #AIInfraFundingDiverges

🧵 Memory Stocks: Short-Term Bounce, Bigger Shift Ahead Apple reportedly testing Changxin Memory’s DRAM for iPhone and MacBook is more significant than it looks. It suggests major manufacturers are exploring alternative suppliers, potentially easing the highly concentrated memory supply landscape. Despite strong earnings, memory stocks like $SNDK, SK Hynix and Samsung have faced heavy selling. Recent Korean market rebounds look more like short-term sentiment recovery after leveraged selling eased—not a fundamental reversal. If Changxin eventually enters Apple’s supply chain, the bigger impact could be on future market expectations. At the same time, rising memory capacity and huge planned capex could gradually reduce the current scarcity premium. AI demand remains strong, but the era of easy memory price increases may be fading. Short-term bounce ≠ long-term trend reversal. Patience matters. #OKXTraderVoices #SP500Eyes8000 #WhiteHouseVsLisaCook

When everyone starts going crazy $SPCX will give a big surprise Some are already seeing 150-170, which is really absurd Tesla's stock is already ignored, but SPCX is very hot Can you keep hyping it just because it's hot? What if the hype cools down? Many people are already getting carried away, but I still remain bearish Don't worry about whether I'll get liquidated, worry about whether you can make money The less capital and the smaller the courage and vision, the more you act like a clown If you think you can short, then short; if you think you can go long, then go long I'm just expressing my personal opinion Good stocks need to go through trials; relying on hype will end badly sooner or later #AIInfraEarningsWatch #CPIToResetFedBets #AIInfraFundingDiverges