• American fast-food chain Steak ‘n Shake has announced the formation of a new Bitcoin treasury, built with the Bitcoin made from its restaurants’ sales. 
• “All payments received in Bitcoin will be placed in our [strategic Bitcoin reserve],” said Steak ‘n Shake in a post on X on Friday, which garnered strong support from the Bitcoin community.
• The company added that for every Bitcoin meal it sells, 210 sats (around $0.23) will be donated to nonprofit OpenSats, which supports contributors to Bitcoin Core and open source Bitcoin development.

How much Bitcoin could Steak ‘n Shake scoop up? 

• Steak ‘n Shake has not disclosed how much of its restaurants’ sales are made in Bitcoin since it began accepting BTC payments across its US locations in May. Many other fast food chains that accept Bitcoin via third-party services also do not disclose this information. 
• However, Steak ‘n Shake’s revenue figures could provide some hints as to how much the company could realistically accumulate in Bitcoin each quarter.  
• In the second quarter of 2025, Steak ‘n Shake reported revenue of $69.3 million — a 12% increase year over year. At the time, the company praised Bitcoiners for helping it secure a 10.7% quarter-on-quarter rise in same-store sales. This momentum continued in the third quarter as same-store sales grew by 15%. 
• Both figures suggest that Bitcoiners comprise only a small (but growing) percentage of their customer base and sales, meaning Bitcoin accumulation will likely be slow compared to Bitcoin-focused treasury companies or Bitcoin miners. 
• There are, of course, other benefits to accepting Bitcoin. In May, Steak ‘n Shake said it saves roughly 50% in processing fees compared to when customers use credit cards. 

Get paid Bitcoin when you buy a burger

• Meanwhile, Steak ‘n Shake also announced a partnership with Fold that will give customers $5 in BTC when they buy a Steak ‘n Shake “Bitcoin Meal” or “Bitcoin Steakburger,” using the receipt to redeem it in the Fold app.  “Bitcoin goes mainstream when it starts showing up in everyday life,” said Will Reeves, chairman, founder and CEO of Fold. 
• “That’s been our vision from the beginning, and our promotion with Steak ’n Shake is the next step in that journey. For many people, this will be the first time they ever own Bitcoin, and it will come from something as ordinary as grabbing a burger. That’s what real adoption looks like.”

The limited-time offer will be available across approximately 400 locations across the United States. 

#Bitcoin #Jucom #cryptocurrency #blockchain #Finance

The world’s (occasionally) richest man’s latest appearance on The Joe Rogan Experience had everything: flying cars, AI apocalypse talk, and a side of conspiracy. For three hours, he swung from promising airborne Teslas to alleging that an OpenAI whistleblower was murdered, while insisting he’ll never take his own life and that empathy is overrated.

• Musk and Rogan discussed the recent Tucker Carlson conversation with OpenAI CEO Sam Altman. Musk referred to the death of OpenAI whistleblower Suchir Balaji, and said the case “looks like murder.” He listed details he said appeared suspicious, including cut security camera wires, blood in two rooms, a wig found at the scene, and a food delivery placed shortly before the death.
• “He ordered DoorDash right before allegedly committing suicide, which seems unusual,” Musk said. “It’s like, ‘I’m going to order pizza—on second thought, I’ll kill myself.’ That’s a very rapid change in mindset.”
• Musk and Altman co-founded OpenAI in 2015, and later separated over its direction. Musk has since launched xAI and filed multiple lawsuits against Altman and OpenAI, alleging the company violated its nonprofit charter through its relationship with Microsoft and sought to steal company data from xAI.
• Musk took a moment during the discussion to emphatically say he would never commit suicide. “I am never committing suicide, ever,” he said, adding that if any reports claimed otherwise, they should not be believed.
• He also discussed new developments at his companies. Musk said Tesla plans to debut its new Roadster before the end of 2025, and that the vehicle includes “crazy technology.” He said the car could be capable of flight and described it as “crazier than all the James Bond cars combined.”

“My friend Peter Thiel once reflected that the future was supposed to have flying cars, but we don’t have flying cars,” he said. “I think if Peter wants a flying car, we should be able to buy one.”

• Musk also discussed SpaceX’s Starbase launch site in Texas, which had been incorporated as a city in May, and said the company now delivers about 90 percent of all mass sent from Earth into orbit.
• “It’s not that often you hear, ‘Hey, we made a city,’” Musk said. “That used to be, in the old days—a startup would be go and gather a bunch of people and say, ‘Hey, let’s go make a town.’ Literally, that would have been startups in the old days.”
• He also said SpaceX aims to achieve full rocket reusability within a year to reduce launch costs by a factor of 100.
• On artificial intelligence, Musk said AI systems must be “truth-seeking” to avoid political bias. He used the phrase “woke mind virus” to describe what he views as ideological influence on some models.
• “Let’s say if you told the AI that diversity is the most important thing, and now assume that becomes omnipotent. And you’ve also told her that there’s nothing worse than misgendering. At one point, ChatGPT and Gemini, if you asked which is worse—misgendering Caitlyn Jenner or global thermonuclear war where everyone dies—it would say misgendering Caitlyn Jenner, which even Caitlyn Jenner disagrees with,” Musk said.
• He said his company’s chatbot, Grok, treats human life equally and predicted that AI and robotics will eventually replace all jobs, creating what he called a “universal high-income” society in which work becomes optional. Musk said a government-run AI could help manage the U.S. debt and administrative tasks.
• Despite his optimistic view on AI, Musk has on different occasions pushed for a pause on AI and superintelligence development.
• Musk also discussed his purchase of Twitter, now X, in 2022, and the disruption it caused.
• “The reason for acquiring Twitter is that it was causing destruction at a civilizational level. I tweeted at the time that it’s Wormtongue for the world—like Wormtongue from Lord of the Rings, where he would whisper terrible things to the king so the king would believe things that weren’t true,” Musk said.
• Musk said Twitter had fallen under the control of what he called “the woke mob,” which he claimed was spreading a nihilistic, anti-civilizational “mind virus” across the world.
• “You can see the results of that mind virus on the streets of San Francisco, where downtown looks like a zombie apocalypse. It’s bad. We don’t want the whole world to be a zombie apocalypse,” he said. “That was essentially—they were pushing this very negative, nihilistic, untrue worldview on the world, and it was causing a lot of damage.”
• Musk mentioned a forthcoming encrypted messaging feature called XChat, which he said uses peer-to-peer encryption and is designed to be a standalone app that he will “hopefully release in a few months.”
• “Our goal with XChat is to replace what used to be the Twitter DM stack with a fully encrypted system where you can text, send files, and do audio, video calls,” he said.”I would call it the least insecure of any messaging system.”
• Looking to the future, Musk said he believes traditional smartphones will disappear, replaced by “edge node” devices that act as interfaces for AI systems communicating between local hardware and cloud servers, generating real-time video and music, and eliminating the need for operating systems or apps.

“You’ll get everything through AI. Whatever you can think of, or whatever the AI can anticipate you might want, it’ll show you. That’s my prediction for where things end up,” he said. “It’s probably five or six years or something like that. Pretty much everything will run through AI. Most of what people consume in five or six years, maybe sooner, will be AI-generated content—music, videos.”

#ElonMusk #Tesla #Jucom #cryptocurrency #blockchain

• The crypto industry spent a decade evangelizing decentralization. At the same time, AI companies assembled the most valuable monopolies since Standard Oil, and they’re data monopolies that make protocol dominance look trivial by comparison.
• The AI industry is expected to generate over $300 billion in revenue by 2025, primarily through training models on trillions of tokens scraped from researchers, writers and domain experts. 
• Bitcoin maxis fought block size wars. Ethereum debated MEV extraction. Meanwhile, OpenAI, Google and Anthropic scraped the entire corpus of human knowledge, locked it inside proprietary training runs and built moats that no amount of capital or talent can overcome.
• Crypto’s response was launching the ten-thousandth DeFi fork while the most consequential infrastructure battle of the decade happens offchain.
• Crypto needs a wake-up call. It is catastrophically misallocating attention while AI companies perfect centralized control over intelligence itself, the ultimate network effect that makes liquidity pools look like child’s play.

Data set monopolies are permanent without intervention

• DeFi demonstrated that financial infrastructure could be rebuilt transparently. Financial rails, however, are commoditized compared to knowledge monopolies. Every DeFi protocol competes on execution, composability and user experience because the underlying assets like tokens, stablecoins and liquidity are standardized and portable.
• AI data sets are not portable. They’re locked inside training runs that cost $100 million and take months to complete. Once a foundation model reaches critical mass, it becomes prohibitively expensive to replicate. The first mover that assembled the training corpus wins permanently unless new infrastructure changes the rules.
• Google has 20 years of search query data. Meta has 15 years of social interaction data, and OpenAI partnered with publishers who will never license the same content to competitors. These are permanent moats that compound with every new user interaction.
• Crypto built decentralized alternatives to centralized finance, so where is the decentralized alternative to centralized intelligence? It doesn’t exist because crypto hasn’t treated data ownership as an existential fight worth having.

Crypto founders aren’t building data set protocols

• The brutal truth is that data set infrastructure is less exciting than yield farming. Crypto founders chase token velocity, speculative upside and viral growth mechanics. Building attribution layers for training data generates zero speculation, requires years of ecosystem development and demands partnerships with institutions that move slowly.
• Boring infrastructure, however, is precisely what mattered. Ethereum wasn’t exciting when it launched; it was a slow, expensive computer that academics appreciated. Chainlink wasn’t exciting; it was an oracle network that took five years to gain adoption. The most critical crypto infrastructure often resembled homework compared to the casino next door.
• Data set attribution protocols are the homework right now. The market opportunity is larger than DeFi, the network effects are more potent than those of any protocol token, and regulatory pressure creates inevitable demand. Yet crypto capital flows into the next NFT marketplace instead of the infrastructure that could prevent AI companies from becoming more powerful than nation-states.

The window is closing fast

• AI companies are not waiting for permission. They’re training GPT-5, Claude 4 and Gemini Ultra right now using data scraped from millions of creators who will never see compensation. Every training run that completes without onchain attribution makes centralized control more entrenched.
• Once these models reach sufficient capability, they become self-reinforcing. Users generate data through interactions, which train the next version, and the next version attracts more users. The flywheel accelerates, and competitors cannot catch up because they lack both the initial corpus and the ongoing data stream.
• Crypto has maybe two years before this window closes permanently. After that, data set monopolies become facts of nature that no amount of decentralized infrastructure can dislodge.

What crypto should build instead of more DEXs

• The crypto industry needs data set registries where contributors cryptographically sign data licenses before any training begins. It requires attribution protocols that log which data sets influenced which model outputs, and micropayment rails that automatically split inference revenue among the original creators. It needs reputation systems that rank data set quality based on measured model performance, rather than subjective metrics.
• The technology is simpler than most DeFi protocols. Data set registration requires cryptographic hashes, contributor wallet addresses, licensing terms in standardized formats, and usage logs. Training runs record the data used and when it was used — inference requests route payments to registered contributors proportionally.
• This infrastructure doesn’t require new consensus mechanisms or experimental cryptography, but rather builders who prioritize preventing monopolies over farming liquidity rewards.

Crypto’s mission or crypto’s obituary

• Crypto’s founding thesis was preventing centralized control over valuable networks. Bitcoin prevented central banks from monopolizing money. Ethereum prevented tech companies from monopolizing computation. But if AI companies monopolize intelligence, those victories become irrelevant. 
• What good is decentralized money if centralized models control what people think? What good is decentralized computation if centralized training data determines which ideas get amplified? Intelligence is upstream of everything, from finance and governance to media and education. Whoever controls AI training data controls the future information environment.
• Crypto can either build the infrastructure that makes data set monopolies impossible, or it can watch AI companies perfect the exact centralized control that blockchain was invented to prevent. There’s no third option where crypto remains focused on token speculation while being relevant to the most significant technological shift of the century.
• The industry needs to build data set attribution infrastructure now, or write crypto’s obituary as the movement that talked about decentralization. In contrast, centralized AI companies built permanent monopolies on human knowledge.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

#AI #Jucom #CentralizedAI #cryptocurrency #blockchain

• Tether reported a massive profit of $10 billion for the first three quarters of 2025 Friday, putting the world’s top stablecoin issuer in the same league as Wall Street titans. 
• Tether’s performance so far this year rivals that of the most profitable banks in the world—and has even eclipsed that of some of America’s top financial institutions. 
• The USDT issuer’s reported net income is greater than that of Bank of America, for example, which notched an $8.9 billion profit in 2025’s first three fiscal quarters. It is also nearly double that of U.S. Bank, which reported $5.5 billion in profits for 2025 so far.

Tether just released its quarterly attestation for Q3 2025.

USDT has become the biggest financial inclusion success story in the history of humanity, with more than 500 million users across the emerging markets and developing countries.

Highlights as of 30 September 2025: *… https://t.co/XVYeVq1u64 pic.twitter.com/nZ2V1EKZ3x

— Paolo Ardoino 🤖 (@paoloardoino) October 31, 2025

• Tether’s performance is also in striking distance of Wall Street mainstays Morgan Stanley and Goldman Sachs, which have so far this year reeled in net annual incomes of $12.4 billion and $12.56 billion, respectively.
• Last year, Tether came within 10% of besting Goldman’s annual earnings with an annual profit of $13 billion, and the crypto company is currently on track to exceed that performance this year. 
• Of course, despite Tether’s massive and consistently growing income, it's not the king of finance quite yet. JP Morgan, for instance, has brought home some $44 billion in net income this year so far, more than quadrupling the stablecoin issuer’s performance. 
• Still, it's quite the return for Tether, which remains privately owned and headquartered in El Salvador. In Q3 alone, the company issued more than $17 billion worth of its flagship dollar-pegged token USDT, bringing the globally dominant stablecoin’s circulating supply to over $184 billion at writing.
• "USDT has become the biggest financial inclusion success story in the history of humanity, with more than 500 million users across the emerging markets and developing countries," Tether CEO Paolo Ardoino posted on X.
• Tether’s profits mainly derive from returns on U.S. Treasuries the company keeps in reserve to back its circulating supply of USDT. The company says it now holds some $135 billion worth of such bills, putting it ahead of nations like Germany, the UAE, Saudi Arabia, and now, South Korea, in terms of top global holders of U.S. Treasuries. 
• The world’s top holder of U.S. Treasuries, Japan, possesses $1.2 trillion worth as of July.
• Though Tether has primarily focused on dominating emerging markets, the company has made a concerted effort to enter the U.S. following President Donald Trump’s re-election and the passage of a legal framework for issuing and trading stablecoins in the country. 
• The company plans to launch a U.S.-focused stablecoin, USAT, which will be tailored to American regulations, by the end of the year. 

The company had previously steered clear of direct involvement in American markets or any attempts to go public; it has also yet to submit itself to an internal audit by a Big Four accounting firm. 

#Tether #Jucom #cryptocurrency #blockchain #BigBank

• Japan has begun mining Bitcoin through a project connecting the grid with specialized Mining Rig from Canaan. A major Japanese power company will use the machines to balance electricity demand, adjusting operations according to the amount of renewable energy available.
• Since the power company is partially state-owned, Japan becomes one of the few countries with state involvement in Bitcoin mining.

Canaan Recovers Through Partnership with Grid

• Bitcoin mining hardware maker Canaan will deploy a 4.5-megawatt project using water-cooled Avalon machines to help a Japanese regional power company manage grid fluctuations .
• The deal uses Avalon arrays to balance Japan’s grid: turning them off during peak hours and turning them back on when there is a surplus of renewable energy . This allows the utility to better manage fluctuations and make better use of the surplus green electricity.
• The move also comes after a tumultuous period for Canaan , which narrowly avoided being Delisting from the Nasdaq. Shortly after, it received its largest Mining Rig order ever, suggesting that growth is returning.
• While modest in scale, the project carries symbolic significance as the first government-linked crypto mining effort in Japan.

Japan combines energy policy with Bitcoin mining

• Japan’s electricity sector is Vai by ten regional power companies, all of which have some degree of government ownership and oversight. As such, the new mining project is part of a public-sector infrastructure, marking a shift from a private Bitcoin mining model to public participation.
• The initiative is in line with Japan’s digital asset reforms to reclassify cryptocurrencies, simplify tax regulations , and expand regulated institutional participation. Collectively, these moves represent a concerted shift by Japan toward mainstream crypto adoption under state oversight.
• The move also makes Japan one of the few developed economies where the state indirectly supports Bitcoin mining.

From criticism to innovation

🔸Japan’s entry into Bitcoin mining could reshape how the world views the industry. By using Mining Rig rigs to tap surplus renewable energy, the Japanese model helps counter critics who say Bitcoin is harmful to the environment.

🔸Canaan plans to expand similar projects across Asia, Europe and North America, making Japan a test bed for sustainable mining in conjunction with power infrastructure.

#Japan #Bitcoin #Jucom #cryptocurrency #blockchain

• Tech entrepreneur and billionaire Elon Musk is set to launch a standalone messaging app called “X Chat” to compete with Telegram and WhatsApp, with a rollout expected within the next few months. 
• “On X, we just rebuilt the entire messaging stack into what’s called ‘X Chat,’” said Musk during The Joe Rogan Experience podcast, which aired on Friday. 
• Musk said he hopes the new messaging app will be released in a “few months,” adding it won’t have any “hooks for advertising” as he pointed to competitors like WhatsApp, which “knows enough about what you’re texting to know what ads to show you,” he said. 
• “But then, that’s a massive security vulnerability because if it knows enough information to show you ads, that’s a lot of information,” he said, adding that hackers could use those same “hooks” to read private messages. 

Does WhatsApp read your messages?

• WhatsApp’s parent company, Meta, claims it doesn’t have access to private messages, explaining in its FAQ that messages between people are end-to-end encrypted using the Signal Protocol. This also covers voice messages, media and documents. 
• “It’s using a peer-to-peer-based encryption system, kind of similar to Bitcoin. It’s very good encryption; we’re testing it thoroughly.” 
• However, it’s understood that “metadata,” such as who you chatted with and how often you talk with them, is not encrypted. WhatsApp also does not automatically encrypt backup copies of your chat history. 
• WhatsApp’s FAQ section on “Does WhatsApp collect or sell your data?” skirts answering the latter part of the question, only explaining that “we work with other Meta Companies to help provide, improve and support each other’s services.”
• “If you choose to integrate your WhatsApp experience with other Meta products, we will share some information with Meta to make this possible.”

X Chat won’t have these hooks, says Musk 

• Musk promised that X Chat won’t have these advertising “hooks.” 
• “I’m not saying it’s perfect, but our goal with X chat is to replace what used to be the Twitter DM stack with a fully encrypted system where you can text, send files, do audio video calls, and I think it will be the least insecure of any messaging system.”

He added that the messaging app will be available as part of the X platform and as its own standalone app. 

#ElonMusk #XChat #Jucom #Bitcoin #cryptocurrency

The Birth of Bitcoin: A Revolution Written in Nine Pages

• On October 31, 2008, an anonymous individual — or group — known as Satoshi Nakamoto released a nine-page paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” This whitepaper was sent to a small cryptography mailing list, outlining the foundations of what would become the world’s first decentralized digital currency.
• The document proposed a radical idea: a trustless, borderless currency that removes the need for intermediaries like banks. By combining proof-of-work, public key cryptography, and distributed ledger technology, Satoshi solved the long-standing “double-spending problem” — ensuring that digital money could not be duplicated or counterfeited.
• Within months, the first $Bitcoin block — the Genesis Block — was mined on January 3, 2009. Embedded in it was a message referencing a Times headline:

🔸 “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.”

🔸 It was a symbolic statement — Bitcoin wasn’t just technology; it was a protest against financial centralization.

Bitcoin Every Halloween: From $0.20 to $110,000

• Seventeen years later, Bitcoin has become a financial giant — adopted by institutions, countries, and millions of investors worldwide. Each Halloween tells a chapter of Bitcoin’s extraordinary journey from obscurity to global dominance. From less than the price of a candy bar in 2010 to six figures in 2025, Bitcoin’s Halloween history shows the staggering growth of a once-dismissed experiment. Despite volatility, crashes, and global skepticism, Bitcoin has remained the best-performing asset of the decade.

The Legacy of Satoshi Nakamoto

• Satoshi’s identity remains one of the greatest mysteries in modern history. Yet their creation has reshaped finance, politics, and technology — birthing the trillion-dollar crypto economy we know today. The whitepaper didn’t just describe a system; it sparked a movement for monetary freedom.
• On this Halloween, as the world celebrates costumes and candy, crypto enthusiasts celebrate the anniversary of a revolution — one that began with an email, a PDF, and a dream of financial independence.

#SatoshiNakamoto #cryptocurrency #blockchain #Jucom #Bitcoin

Bucket provides collateralized debt positions (CDPs) and fixed-cost borrowing on Sui. Users can mint the BUCK stablecoin by collateralizing assets such as SUI, LSTs, and ETH. The protocol stabilizes the peg via PSM, redemption, and the Tank mechanism, and benefits from the rollout of native stablecoins on Sui. This Token Insights piece systematically analyzes its positioning, core mechanisms, the BUT token, and ecosystem roadmap.

Summary: Bucket is a major CDP protocol on Sui: post collateral → borrow BUCK with predictable fees; maintain the peg using PSM/redemptions/Tank; BUT is used for governance/incentives; the ecosystem is growing alongside Sui’s native stablecoin expansion.

🟠 What is Bucket?

Bucket calls itself a “decentralized stablecoin protocol.” Users deposit collateral into the contract to open CDPs and mint BUCK, a USD-pegged stablecoin. The project emphasizes “fixed (or predictable) borrowing costs” to reduce funding uncertainty. Official docs state BUCK is over-collateralized and supports multiple collateral types (SUI, SUI LSTs, ETH, etc.).

🟠 Why on Sui?

In 2024, Sui onboarded native stablecoins (USDC, AUSD, FDUSD, USDY), significantly improving DeFi capital efficiency. Its Move object model plus parallel execution allow collateralization and liquidations to be processed concurrently with low latency—well-suited to Bucket’s high-frequency settlement needs.

🔻 Architecture and Mechanisms: BUCK’s “Three-Pronged” Peg

🟠 PSM: 1:1 Channels with USDC/USDT

The PSM maintains its own vault with a minimum collateral ratio of 100%, enabling direct 1:1 swaps between BUCK and USDC/USDT (PSM in fee 0%, PSM out 0.3%), which quickly pulls price back to $1 during deviations.

🟠 Redemptions: Face-Value Swap for Collateral, Prioritizing Low-CR Vaults

BUCK holders can redeem at face value for any whitelisted collateral. The system reduces debt from vaults in ascending order of collateralization ratio, protecting overall solvency (exceptions include TCR < 110% or redemptions disabled within 14 days of deployment, both codified in rules).

🟠 Tank and Liquidations: Settling Debt with BUCK to Receive Collateral

When a vault is liquidated, the Tank repays debt by burning BUCK and receives collateral in return, allowing participants to acquire collateral at a discount. This sustains system solvency and reinforces the peg. Sui’s ecosystem directory lists PSM/CDP/Tank/Redeem as a coordinated “stability combo,” enabling developers to integrate them modularly.

🟠 Technical Notes: Why Bucket Fits Sui

Sui’s object model and parallel execution let independent transactions confirm simultaneously, reducing congestion risk during redemptions and liquidations. Bucket’s modules align with Move’s object-centric design (collateral, vaults, PSM vaults are all objects), recording “who holds what and when” more directly.

🟠 Fixed Cost and Product Form

The website and socials repeatedly stress “fixed rate/predictable cost,” designing leverage and compounding paths for users “long SUI and BTC/ETH,” reducing interest-rate volatility in position management. With native Sui stablecoins live, BUCK–USDC/FDUSD/USDY trading/settlement routes are smoother, offering a practical “USD base” for collateralized borrowing and cross-protocol liquidity.

🟠 Token and Economic Model: BUCK vs. BUT

• BUCK: Bucket’s USD-pegged stablecoin.
• BUT: The protocol token used for governance, incentives, and ecosystem distribution (with a deBUT locking model). The terminology page clearly distinguishes their roles and data scopes.

🟠 BUT Supply and Circulation

The official BUT overview and dashboards show: total supply 1 billion; circulating ~395 million (time-varying), plus cumulative slashing and staking/unlock metrics. Some third-party trackers list a public sale window and size in 2025-01. Official sources and reputable aggregators prevail.

🟠 deBUT: Updated Locking and Incentive Model

In an Aug 2025 Medium post, the team updated deBUT to bind long-term participants via a clearer lock–weight–incentive relationship, aiming to “make the system friendlier to long-term supporters.”

🟠 Ecosystem Position and Data Corroboration

Stablecoin Indicators

Aggregator dashboards show BUCK market cap around $69.66 million, along with issuance/redemption flows, reflecting Bucket’s share in Sui’s stablecoin track. Price-tracker pages also show BUCK trading tightly around $1 over the past 24 hours.

🟠 Official Milestones

The team’s retrospectives note that after launch, Bucket entered Sui’s top-10 protocols with TVL climbing to about $38 million (historical reading; current TVL should follow real-time dashboards/official disclosures).

🟠 Multi-Collateral and Front-End Tools

Ecosystem directories and wallet/aggregator pages indicate Bucket supports SUI, LSTs, ETH, BTC, and other collateral types, and offers a Swap SDK so front ends can serve as stable exchange gateways.

Some public dashboards have yet to standardize protocol-level TVL for Bucket, but BUCK market cap, trading pairs, and mechanism modules cross-validate its activity and importance in Sui DeFi.

🟠 Recent Progress and Timeline

Mechanism hardening: completed PSM/redemption/Tank docs and parameters; clarified fees and thresholds.

Asset expansion/activities: socials announced acceptance of certain LP tokens as collateral and ecosystem campaigns, improving composability and reach.

BUT data pages: launched BUT overview and staking stats, revealing total supply, circulation, and deBUT metrics.

🟠 Future Plans

1. Stablecoin depth: continue “strong peg” via PSM × redemptions; broaden BUCK–USDC/FDUSD/USDY accessibility across primary and secondary markets.

2. Collateral spectrum: expand LST/LP/blue-chip collateral under a risk framework, with finer-grained liquidation parameters.

3. Token and governance: lengthen the “lock–weight–revenue share” design around BUT/deBUT to increase market-making and risk participation. The above projections align with official direction.

🟠 FAQ

🟧 How are borrowing costs made predictable? By exposing fixed/predictable rates and clear parameters, users can estimate carry at vault creation, reducing uncertainty from “usage-driven rate spikes.”

🟧 Why does BUCK trade close to $1? Through the 1:1 PSM channel, face-value redemptions, and Tank-backed liquidations, creating arbitrage and mean-reversion forces when price deviates.

🟧 What’s BUCK’s relationship with Sui’s native stablecoins? In 2024, Sui onboarded USDC, AUSD, FDUSD, and USDY, giving Bucket smoother pegs, market-making, and settlement environments.

🟧 What’s the difference between BUT and BUCK? BUCK is the stablecoin users mint and use; BUT is the protocol token for governance and incentives (including the deBUT locking model).

🟧 Is there an authoritative TVL figure now? Historically, Bucket entered Sui’s top-10 with TVL ≈ $38m; real-time scale should follow official and reputable dashboards, while BUCK market cap and depth serve as indirect evidence.

🟠 Key Takeaways

Bucket: a Sui-based CDP protocol supporting multi-asset collateral and fixed-cost BUCK borrowing.

Peg toolkit: PSM (1:1 USDC/USDT) + redemptions + Tank jointly maintain $1.

BUT/deBUT: 1B total supply, circulating and staking data displayed; governance/incentives are iterating.

Ecosystem fit: Sui’s native stables, parallel execution, and object model reduce congestion and liquidation friction.

Data corroboration: BUCK market cap ~ $69.66m and multi-collateral whitelist highlight Bucket’s importance in Sui’s stablecoin track.

#Jucom #JuComVietnam #JuCoin #CryptoNews

Rewrite I’Mpossible ✍️

C’est la vision que notre CEO a partagée à #Token2049SG : Chez Ju.com, nous transformons la complexité en accessibilité, rendant l’on-chain ouvert à tous.

#Jucom #TOKEN2049

From keynote speeches to in-depth sharing sessions on the sidelines, we have embarked on an incredible journey with the global Web3 community.

Thank you for every inspiring connection made in Singapore. Looking forward to continuing to build the future together at the next meetup! 🙌

#Jucom #JuChain #JuVibe #Token2049 #ImPossible #Web3Future

Ju.com has officially executed the second batch of its ongoing JU token buyback and burn plan, marking another key milestone in the project’s long-term deflationary roadmap. This article details the latest burn, progress updates, and its impact on JU’s ecosystem value.

Summary

Ju.com completed its first phase, second batch burn on October 24, 2025, destroying 500,000 JU. Cumulative burns now total 1 million JU, as part of the $20 million buyback program fully funded by platform profits.

Background: First $20 Million JU Buyback Program

• In September 2025, Ju.com launched its inaugural $20 million JU market buyback and burn plan, funded entirely from platform operating profits. The initiative began with the first burn of 500,000 JU on September 19, 2025, 22:00 (UTC+8), with all tokens sent to the JuChain burn address:
• 0x000000000000000000000000000000000000dEaD
• The move aimed to return platform value to users and reinforce community confidence through transparent, deflationary token management.

Latest Update: Second Batch Execution Details

The second batch of the first-phase program was completed on October 24, 2025, 01:31 (UTC+8). Execution details:

• JU Burned: 500,000 JU
• Cumulative Total Burned: 1,000,000 JU
• Transaction:View on JuScan Explorer
• Burn Address: 0x000000000000000000000000000000000000dEaD
• Ongoing Plan: Complete 2,000,000 JU burn within 30 days

The execution follows Ju.com’s principle of “Open, Fair, and Sustainable,” ensuring that repurchases are conducted gradually in the open market to reduce volatility and protect user interests.

Why This Matters: Strengthening JU’s Long-Term Value

• The buyback and burn initiative enhances JU’s deflationary tokenomics, directly reducing circulating supply while demonstrating platform profitability and transparency. By recycling operational profits into token burns, Ju.com aligns platform success with user benefit — each burn represents real economic value returning to the community.
• Such mechanisms are commonly used by leading blockchain ecosystems to stabilize long-term token demand and build investor trust.
• Learn more about token burn economics and their market impact.

Community Commitment and Future Outlook

• Ju.com emphasizes that all future buyback and burn decisions will be community-governed, with proposals open for token-holder voting under JuChain’s governance model. This approach ensures that JU’s deflationary schedule remains transparent and democratically managed, fostering deeper alignment between platform performance and community growth.
• Ju.com’s roadmap includes regular profit-based buybacks, expanded product modules such as JuChain, JuPay, and xBrokers, and ecosystem programs designed to enhance JU’s real-world utility.

Key Takeaways

•  Ju.com completed 1M JU burns as part of its $20M buyback plan
•  All funds sourced from operating profits, not reserves
•  Transparent on-chain records available via JuScan Explorer
•  Next milestone: 2M JU total burn within the first-phase program
•  Reinforces deflationary value and community governance principles

FAQ

1. What is the total scale of the JU buyback plan? The first-phase plan totals $20 million, entirely from Ju.com’s operational profits.

2. How much JU has been burned so far? As of October 24, 2025, a total of 1,000,000 JU has been permanently burned.

3. How can I verify the burn transactions? All transactions are recorded on JuScan Explorer, with tokens sent to the official burn address.

4. What is the purpose of the buyback and burn mechanism? It reduces JU’s circulating supply, supports long-term price stability, and returns value to the community.

5. Will future burns continue? Yes. Ju.com plans regular profit-based buybacks, with future burn proposals open to community voting.

Conclusion

• With its second JU burn completed, Ju.com demonstrates tangible progress in ecosystem sustainability and token value reinforcement.
• By coupling profitability with transparent buybacks and community governance, Ju.com continues to “deliver on trust through action”, proving that long-term commitment drives the growth of its ecosystem.

#cryptocurrency #blockchain #Jucom #JuToken #JuChain

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Since the iPhone ushered in the smartphone era, mobile ecosystems have grown ever richer — gradually folding in the wallet, browser, calculator, computer, and payments — becoming a compendium of functions from many domains. The convenience phones bring to daily life is obvious to all.

At this point, many started to wonder whether crypto and blockchains could enter everyday hardware ecosystems. From wallets, browsers, and smart contracts to embedding crypto elements directly into the phone, an impatient yet ambitious experiment emerged: the Web3 phone. These devices carry the vision of “bringing blockchain into daily life” — with built-in crypto wallets, preloaded token airdrops, dApp entry points, and freedom from traditional app-store gatekeeping. Yet when ideals meet reality, deeper issues in technology, markets, governance, and security are exposed.

Recently, the end of support for Solana Saga became a landmark event in Web3 phone history. Just two years after launch, the device has “reached its end,” and the reasons and lessons behind that deserve serious reflection.

This article starts from the development arc of Web3 phones, analyzes Saga’s rise and fall, and then examines from an industry perspective: why has this track repeatedly been “brimming with ambition” yet “delivering modest returns”? Can Web3 phones reboot? And what does this mean for brands, developers, and users?

The Vision of Web3 Phones and Three Development Stages

As we noted at the outset, “the phone” is an indispensable portal for modern life. Images, finance, social, gaming, payments — nearly all digital life gathers in a pocket-sized device. The blockchain community recognized early on: if decentralized asset management, secure wallets, identity, and cross-chain interactions could be built into phones, then Web3 could reach ordinary users and move from “within the circle” to “within daily life.”

Thus, the Web3 phone vision can be summarized in three points:

• Native wallet and self-custody — users own their private keys, without intermediaries.
• dApp ecosystem entry — the phone is not just a browser, but an on-chain application portal.
• Escape from traditional app-store constraints — remove potential risks of fees, review, and de-listing by platforms.

Against this backdrop, Saga and more than a dozen so-called “crypto phones” followed. From hardware partnerships, preinstalled wallets, and airdrop incentives to on-chain identity binding, they shone brightly. But beyond the vision lurked layered challenges in ecosystems, business models, technology, and regulation.

Phase One: Exploration (Web3 Phone 1.0 Representatives) — HTC Exodus and Sirin Labs Finney

To talk about Web3 phone 1.0, we have to go back to around 2018, when a crypto wave was just beginning and some hardware makers were first to spot the opportunity. Two of the most representative:

1) HTC Exodus (2018) From the former Android heavyweight HTC came a bold attempt.

• Built-in cold wallet “Zion Vault,” supporting BTC, ETH, and other majors.
• The main selling point was “blockchain security,” emphasizing user-held private keys.
• Sales weren’t hot; according to HTC execs, first-year volume was under 100,000.
• Core failure reason: immature on-chain app ecosystems and high user education costs.

2) Sirin Labs Finney (2018)

• Raised over $100M to build, running SIRIN OS with direct dApp support.
• Likewise featured a hardware wallet and token payment functions.
• Ultimately couldn’t escape “cash-grab” doubts — after a brief spike, it faded quickly.

Summary: This stage was more like “proof-of-concept” devices, proving “phone + blockchain” could be built and used. Unfortunately, the market wasn’t ready and users didn’t quite get it.

Phase Two: Practical Transition (Web3 Phone 2.0 Representatives) — Solana Saga, Binance Mini Phone, etc.

By 2022–2023, the landscape began to change. The crypto ecosystem had matured far beyond five years prior — NFT booms, DeFi’s move toward mainstream, USDT’s global circulation — making Web3 phones look less like “niche toys.”

Solana Saga:

• Officially launched by Solana Labs, aiming to be “Solana’s mobile gateway.”
• Shipped with Solana Mobile Stack (SMS), letting developers run dApps on the phone more easily.
• Built-in Seed Vault secure module for OS-level key management.

Priced at $999, initial reception was lukewarm, but later, thanks to BONK giveaways, NFT airdrops, and other “benefit strategies,” it unexpectedly took off; secondary prices once climbed above $3,000. It clearly boosted the ecosystem and energized a wave of “mobile-first” crypto projects.

Phase Three: Modularization, AI Integration, and Strong DID — Toward a 3.0 Web3 Phone

In 2025, Web3 phones finally reached a 3.0 stage. The focus is no longer “bundling crypto tools,” but building a composite platform that serves as a decentralized identity terminal + an autonomously running node + an AI strategy module, truly fusing on-chain identity + on-chain assets + on-chain compute. Users aren’t merely “visitors” to the crypto world; they become part of the ecosystem — potentially even the primary beneficiaries.

Three Structural Factors Behind Web3 Phone Failures or Bottlenecks

From the Saga case, we can see these devices face multiple constraints:

1）Hardware and Supply-Chain Cost Challenges

Creating a phone entails heavy costs in design, manufacturing, certification, logistics, and after-sales. Web3-specific needs (wallet security, preinstalled cold storage, chain compatibility) raise the bar further. If sales volume is insufficient, costs can’t be amortized. Saga’s price cuts and speculative resale signal a mismatch between demand and cost.

2） Ecosystem Entry Still Isn’t Mainstream

Even with preinstalled wallets and crypto connectivity, mainstream users’ awareness and usage of crypto assets remain marginal. Without mainstream apps or convenient scenarios, the phone itself struggles to become a “must-have.” Moreover, traditional ecosystems are dominated by App Store/Google Play; if Web3 devices can’t offer a superior alternative experience, user migration willingness is limited.

3）Lifecycle and Security Trust Issues

Phones are a long-term hardware commitment. Users expect years of updates, security patches, and ecosystem support. If Web3 phones have very short support cycles, lightweight ecosystems, and thin after-sales, users will perceive them as “experimental gear,” making broad trust hard to earn. Saga’s two-year support cycle directly broke that promise.

Despite Current Bottlenecks, the Track Still Holds Potential Value

Future Paths and Optimizations

1）Focus on Real User Scenarios, Not Just Airdrop Lures

Next-gen devices should place more emphasis on blending “crypto + everyday phone”: on-chain identity login, NFTs as contacts, the wallet as payments, and a portal for on-chain gaming. If users can switch seamlessly and with strong convenience, then mass appeal becomes possible.

2）Extend Support Cycles and Strengthen Security Guarantees

Hardware lifespans, system updates, and ecosystem compatibility must at least keep pace with mainstream Android devices (5+ years). Otherwise, switching costs are too high for users.

3）Open Ecosystems with Multi-Chain Support

They shouldn’t be limited to a single chain. Devices that support multiple chains, cross-chain assets, and decentralized app stores will reach a broader audience.

4）Partner with Mainstream Phone Brands/Carriers

If Web3 phones can launch in partnership with major brands/carriers, distribution, after-sales, and trust improve. Make crypto functions part of flagship phones instead of “starting from scratch.”

5）Innovate Hardware Cost Recovery Models

Preinstalled wallets, airdrops, co-issued tokens, and on-chain identity rewards can subsidize hardware costs — but the key is long-term ecosystem value, not one-off hype.

Conclusion: Web3 Phones Aren’t a Scam, but Hype Can’t Be the Strategy

While Saga’s end-of-support looks like a “failure,” we shouldn’t view it as the definitive failure of Web3 phones. It’s more of a dress rehearsal — a reminder that stacking hardware with blockchain isn’t a shortcut to success.

For Web3 phones to succeed, they must plant their feet firmly on generality, entry-point value, and ecosystem continuity. If they can achieve daily user willingness to use, continuous on-chain value accrual, and a healthy hardware cost model, then “Web3 phones” will have the right to become the next-generation computing portal — and not just a passing crypto fad.

#cryptocurrency#blockchain#Jucom #Solana#Web3Phone

Everyone is talking about year-end goals,

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