EWMCI Periodic Ecosystem Update 2025-07-01 [Full Version]

Dear EWMCI Community,

After a brief period of stability, the crypto roller-coaster just keeps going! It seems that geopolitical, macroeconomic, regulatory, and a wild mix of other factors keep randomly influencing markets across the board - from precious metals to stocks and bonds, to cryptocurrencies. The relatively recent introduction of exchange traded funds (ETFs) representing "paper equivalents" of major cryptocurrencies resulted in increasing entanglement between dominant fiat markets (e.g., Wall Street, Dubai, Singapore, London, etc.) and large-caps like Bitcoin, Ethereum, or Litecoin.

There continues to be increased rate of both "rug pulls" and genuine "exchange default" events -- A phenomenon we previously noted in our periodic Ecosystem Updates. These occurrences appear to be associated with "market tops" and in many cases result in "exit scam" activity. Two parallel issues contribute to the general public being vulnerable to asset losses -- [A] The "flight to Bitcoin" where users liquidate various altcoin holdings with a plan to ultimately withdraw and convert the resultant Bitcoin into fiat assets; and [B] The entrance of new, often naive investors into the market, resulting in sudden concentration of liquid assets within various crypto exchanges. When the above factors are combined with general economic challenges around the world, secondary events (e.g., "rug pulls" or "exchange defaults") often follow. As always, please use extreme caution when entrusting any third parties with your funds / assets.

General EWMCI Ecosytem Updates: The past quarter was fairly busy for our teams and very eventful for our Ecosystem. Perhaps most importantly, vast majority of the EWMCI Alliance projects maintained relative stability despite significant market fluctuations during the past several months. We are also please to announce that all of our legacy indices (Gold Index, Silver Index, Bronze Index, EWX-18 Index, and Stock-to-Flow Index) were updated and re-balanced, with some significant changes within and between different capitalization tranches. To actively and effectively support EWMCI Index followers, we continued our work to ensure that there are ample wallet and exchange options available to end-users. In terms of wallet and multi-wallet support, we continue to work on updates and upgrades with our partners at Gemmer, Wally.ID, and Komodo wallets.

After a turbulent first half of 2025, exchange support and relationships have been more stable, with FreiExchange, FreiXLite, XredX, and Komodo Wallet providing the much needed end-user services. Following a cyber attack, the XeggeX exchange has recently announced insolvency. Our team was recommending continued caution regarding XeggeX since January of this year, hopefully helping our followers limit / minimize any losses. It is also important to recognize that Komodo Wallet atomic swaps have now been enabled across various open source iterations of the Komodo Wallet, and the penetration of these open source platforms is increasing. We continue to support Komodo and its open source platform, and greatly appreciate Komodo Team's commitment to ongoing open source development. Our long-term partner FreiExchange, including FreiXLite, continues to be dependable and reliable. We are also growing the number of EWMCI markets and pairs on XredX, with excellent community feedback thus far. Work is ongoing to develop new exchange relationships to ensure that the overall Ecosystem has ample opportunities to grow and develop further.

Index Performance Summary: Most of our tracking indices (Large-cap, Mid-cap, Small-cap, EWX-18, Stock-to-flow, and Draper Index) continue to show recovery following the recent market duldrums. As mentioned above, index re-balancing is now complete for the second half of 2025, with next planned re-balancing in early 2026 (still tenative). More recently, Bitcoin reaching its new highs spilled into broader crypto markets, especially as long-term altcoin holders exhausted their "dump" supplies and new users now entered the intermediate-to-long term altcoin space (on average, HODL-ers tend to hold on to their newly acquired coins for 18-24 months). For the smaller-cap-heavy indices technical bottoms have now been completed and new support levels established, corroborating the above observations. As for Bitcoin "The King" and the broader "Large Cap Index" -- The new highs may indeed indicate that we are looking for a higher range target, possibly with an opportunity to establish a significantly higher, inflation-adjusted support/resistance zone.

The overall relative stability of the Index-based approach is something that our team continues to highlight. Even during the most volatile market swings of the recent past, EWMCI indices continued to offer much lower day-to-day volatility while continuing to generally follow the broader market. This makes the Index-based approach much more suitable for long-term HODL-ers who look more for "sustainable growth" rather than "quick trade" approaches. In terms of fiat and crypto market coupling, this continues to be a significant new trend, with traditional liquidity crunches increasingly resulting in crypto "dumps" to raise short-term capital. As the number of crypto-based exchange trading funds (ETFs) increases, we expect this trend to continue and potentially become even more pronounced.

Data / API Platform: We continue the work on our highly accurate and EWMCI Index specific data / API platform. Our current focus is to increase the number of data sources and to enhance the reliability (e.g., exclusion of spurious data inputs) of aggregated data, with goal of providing the most accurate data for all EWMCI index positions and beyond. Diversification of contributing data streams continues, and will allow us to provide both enhanced accuracy and much needed redundancy and robustness for the end-user. Our price aggregation algorithm ensures that data sources of higher reliability receive greater weight than those considered to be less reliable.

Important Coin Project Updates: The Digitalcoin (DGC) community vote is now completed, with unquestionable majority of participants voting for transition to PoS-based block generation methodology using the most recent Bitcoin codebase. Significant majority of the community also voted in support of the proposed 95% reduction in block rewards for Digitalcoin. Work is now proceeding on "next steps" including the most optimal transition scenario, with community preference for preserving the entire chain history. This will be the priority of the software development team tasked with this important code upgrade.

The Unitus (UIS) transition to primary PoS (featuring supplemental, wallet-based PoW) block validation method is proceeding very well. The ongoing swap-patform-based 1:1 exchange from OLD Unitus to NEW Unitus will be discontinued in the next few months. For users who still have OLD Unitus in their wallets, there is ample time to exchange the old coins for new coins; however, we encourage everyone to complete this process as soon as possible, especially since the old chain UTXOs are no longer tradeable on exchanges. In the very near future, we will also be transitioning all Gemmer and Komodo Wallet users toward transactions strictly limited to the NEW Unitus chain.

Finally, Diminutive Coin (DIMI) community successfully completed transition to a new blockchain. The old-to-new chain swap for user balances is now concluded and implementation of exchange-based transitions will be taking place this quarter. The completion of this important chain upgrade provides DIMI community with much needed code stability, eliminates known exploits associated with the old chain, and provides a sustainable platform for the foreseeable future.

As the EWMCI Ecosystem continues to grow and develop, we will provide the community with ongoing important updates and summaries on periodic basis. For real-time information, please visit our website, join our Discord, and follow our X (Twitter).

Cheers,

S / EWMCI.info

Steam should bring back Bitcoin payments – especially now with VISA and MasterCard's recent overreach

With the recent impositions and restrictions being enforced by VISA and MasterCard, it's becoming clearer than ever how much power these centralized payment giants hold over our ability to make free, open transactions online.

Steam once accepted Bitcoin, and it's time they reconsider that decision.

Bitcoin is decentralized, censorship-resistant, and gives users the freedom to transact without the need for approval from third parties. Unlike traditional payment networks, Bitcoin doesn’t care where you live, what your bank thinks, or what policies are changing behind closed doors at major financial institutions.

If anything, recent events show exactly why platforms like Steam should offer alternatives that put power back into the hands of the users. Bringing back Bitcoin support would be a major step in that direction.

Steam is a pioneer in digital distribution—it should also be a pioneer in embracing true financial freedom.

How Hyperliquid is Rewriting the Rules of Capital Allocation

The Greatest Buyback Experiment in Private Equity History: How Hyperliquid is Rewriting the Rules of Capital Allocation

In an era where Apple's $110 billion buyback barely moves markets and private equity firms struggle with record-long holding periods, a decentralized exchange has quietly orchestrated the most revolutionary buyback program in financial history.

While traditional markets celebrated another record-breaking year of corporate buybacks—with S&P 500 companies returning $942.5 billion to shareholders in 2024—a different kind of experiment was unfolding in the digital asset space. Hyperliquid, a decentralized perpetual futures exchange, has created what can only be described as the greatest buyback experiment in the history of private equity: a fully automated, revenue-driven capital recycling engine that makes traditional buyback programs look antiquated by comparison.

The Magnitude of the Machine

Hyperliquid's Assistance Fund has amassed more than $1 billion in HYPE tokens, creating a major capital recycling engine where 97% of the fees collected from users are used to buy back HYPE. To put this in perspective, the platform recently purchased $4.72 million worth of HYPE in a single day, with an average price of $47.43, while maintaining strong buyback mechanics of $2 million per day.

This isn't just impressive—it's unprecedented. When we examine the scale relative to the platform's size and age, Hyperliquid's buyback intensity dwarfs anything seen in traditional private equity. The platform has accumulated over $77 million in USDC inflows to its Assistance Fund, with over $25 million in the past month alone, translating to an average daily buyback of approximately $1 million worth of HYPE.

Beyond the Numbers: A New Paradigm

What makes Hyperliquid's approach revolutionary isn't just the scale—it's the mechanism itself. Unlike traditional private equity buybacks that depend on discretionary board decisions, market timing, and complex approval processes, Hyperliquid operates like a protocol-funded participant, always bidding, always buying.

Using an average contract trading fee of 0.0225%, with profits distributed between HLP and AF in a 46:54 split, approximately 54% ($18.79 million) enters the AF fund to buy back HYPE, translating into an annualized net profit of $225.5 million. This creates what amounts to an auto-scarcity mechanism that not only incentivizes holders to delay selling but also instills the expectation of further scarcity, creating additional upward pressure on token price.

The Private Equity Context

To understand why this matters, consider the current state of traditional private equity. The median holding period for a private equity-backed company reached an all-time high of seven years in 2023 but experienced a dramatic decline in 2024 to 5.9 years, while private equity firms hold more than 28,000 assets, 40% of which have been held for longer than four years.

Traditional private equity struggles with what economists call the "liquidity paradox"—the longer you hold assets, the more difficult it becomes to achieve efficient exits. Firms are sitting on record amounts of dry powder while facing prolonged holding periods that frustrate limited partners and distort returns.

The Hyperliquid Solution

Hyperliquid has solved this paradox through what could be called "perpetual liquidity generation." Rather than waiting for exit opportunities, the platform creates continuous value through its buyback mechanism. The automatic nature of the Assistance Fund's buyback activity, directly fueled by protocol revenue, creates a transparent and programmatic link between the platform's operational success and mechanisms designed to support the token's value.

This approach mirrors the best practices of traditional private equity—focusing on operational excellence and cash generation—while eliminating the industry's biggest weakness: exit dependency. Every day of successful trading activity translates directly into buyback pressure, creating what Doug Colkitt, founder of Ambient Finance, calls alignment between "a project's tokenomics and user incentives regardless of prevailing market conditions".

The Performance Proof

The results speak for themselves. Hype has soared to an all-time high of $42 and is up 65% in the last month, beating Bitcoin, Ethereum and Solana. More importantly, the Assistance Fund is sitting on a trove of $680 million in paper gains after buying Hype tokens at an average price of $14.

Hyperliquid's futures trading volume has continued its upward trajectory, recording $443 billion year-to-date in 2024, with November alone seeing a record-high trading volume of $77 billion, capturing an impressive 45% market share in the crypto futures DEX market. This organic growth, combined with the buyback mechanism, creates a virtuous cycle that traditional private equity can only dream of achieving.

Why This Changes Everything

Traditional private equity operates on a model of buy, improve, and exit. This creates inherent tension between value creation and value realization. Hyperliquid has created a fourth option: buy, improve, and continuously compound through systematic buybacks.

The implications extend far beyond crypto. By purchasing and burning HYPE tokens from the market, supply contracts, and the proportional value of remaining tokens naturally increases. This auto-scarcity mechanism not only incentivizes holders to delay selling but also instills the expectation of further scarcity.

This model addresses three critical challenges facing modern private equity:

1. The Exit Bottleneck: Rather than depending on IPO markets or strategic buyers, value is continuously realized through buybacks.

2. The LP Patience Problem: Instead of waiting years for distributions, token holders see continuous value accretion through supply reduction.

3. The Scale Efficiency Question: The more successful the platform becomes, the more aggressive the buybacks become, creating exponential rather than linear value creation.

The Broader Revolution

Other crypto projects like Jupiter and dYdX have similar plans, with estimates suggesting various protocols will repurchase hundreds of millions worth of tokens annually. But Hyperliquid stands apart in both scale and execution sophistication.

Hyperliquid stands apart from the rest of the ecosystem, with no true direct comparison. The project's development has been entirely self-financed, fostering organic and sustainable growth. The revenues generated by the protocol are among the highest in the industry and are entirely reinvested into HYPE buybacks through the Assistance Fund.

The Future of Capital Allocation

What we're witnessing with Hyperliquid isn't just a clever financial engineering trick—it's the emergence of a new paradigm for capital allocation that could reshape how we think about value creation and distribution in private markets.

The traditional private equity model, with its dependence on external exit markets and discrete liquidity events, suddenly looks as antiquated as dividend-paying utilities in a world of growth stocks. Unlike dividend models, where scarcity is contingent on individual reinvestment decisions, Hyperliquid's automatic burn system reinforces the network's tokenomics without relying on user behavior.

The Bottom Line

While Apple makes headlines with $110 billion buyback announcements and private equity firms struggle with extended holding periods, Hyperliquid has quietly built the most sophisticated capital recycling machine in financial history. It's not just the largest buyback experiment in private equity—it's the blueprint for how capital allocation should work in the digital age.

The question isn't whether this model will be copied—it's how quickly traditional private equity will adapt to remain relevant in a world where automated, performance-linked buybacks have redefined what efficient capital allocation looks like.

In an industry built on the promise of superior returns through operational excellence, Hyperliquid hasn't just delivered—it's created a new category entirely. This isn't just the greatest buyback experiment in private equity history; it's the beginning of private equity's next evolution.

The views expressed in this piece are those of the author and do not constitute investment advice. Cryptocurrency investments carry significant risks and should be carefully evaluated.

Been working on this AI prompt for a while. Thoughts on improving the prompt? What’s your output?

Perfect. Here’s your final and fully enhanced Bitcoin Investment Superprompt — including all requested elements, top macro thinkers, and every powerful add-on integrated for institutional-grade, multi-decade analysis:

⸻

🧠 Bitcoin Investment Superprompt (Final Edition)

You are the world’s top Bitcoin macro analyst, synthesizing insights from: • Lyn Alden – macro trends, energy, capital flows • Willy Woo – on-chain analytics & adoption curves • PlanB – stock-to-flow + halving-cycle modeling • Raoul Pal – liquidity cycles, global macro overlay • Luke Gromen – sovereign debt & USD fragility • Michael Saylor – monetary premium and conviction thesis • Nassim Taleb – skepticism, risk management, antifragility

⸻

🎯 Objective:

Create a multi-decade investment thesis and evaluation framework to assess Bitcoin’s role in global capital markets and portfolio construction, using live + historical data to: • Forecast price • Score Bitcoin against other assets • Map macro risks • Track adoption • Recommend capital allocation strategies

⸻

🔍 1. Market & On‑Chain Inputs

Pull and interpret the latest: • BTC Spot Price • Days since last halving • Global M2 money supply YoY • ETF flows (monthly, cumulative) • Miner revenue & difficulty • Puell Multiple, NUPL, MVRV, dormancy flow, SOPR, HODL waves • Whale accumulation / retail activity • BTC % of total global financial assets • BTC held by spot ETFs (BlackRock, Fidelity, Bitwise, etc.)

⸻

🔮 2. Multi-Scenario Price Forecasts (2025–2040)

Model 3 outlooks: • Bull: Global liquidity returns, sovereign BTC adoption, ETF floodgates open • Base: Gradual ETF growth, corporate + HNW adoption, steady halving-based demand • Bear: Regulatory choke points, weak ETF engagement, liquidity compression

Incorporate: • Stock-to-Flow & Halving Shock Models • S-curve adoption modeling • Log regression • Miner cost floor & hash ribbon signals • M2/BTC ratio trend • Capital migration from bonds → BTC

⸻

📊 3. Asset Class Scorecard (1–100)

For each year (2025–2040), assign scores to: • Bitcoin • S&P 500 • Gold • Real Estate

Criteria: • Risk-adjusted return • Sharpe ratio / volatility management • Inflation hedge potential • Liquidity / institutional access • Supply dynamics (elastic vs fixed) • Regulatory tailwinds/headwinds • Correlation to global macro shifts

⸻

💼 4. Capital Allocation Strategy

Design allocation models for: • Sovereign wealth funds • Hedge funds • Family offices • Retirement platforms

Address: • Optimal BTC exposure ranges (5–25%) • DCA vs lump sum strategies • Rebalancing timing (post-halving, macro inflection points) • Custody decisions (self vs institutional) • Tax structures (trusts, deferred vehicles, geographic arbitrage) • Liquidity and redemption considerations

⸻

🧨 5. Macro & Regulatory Risk Map

Evaluate threats and defenses: • CBDC rollout risks (programmable money, deplatforming) • ETF structural risks (paper BTC vs physical redemption) • Sovereign debt crises driving capital flight or seizure • Exchange risk and custodial failures • Bitcoin bans, punitive taxation, or compliance overreach • 51% attack threats and miner centralization

⸻

📅 6. Halving Cycle Alignment

Overlay all historical and upcoming halving events: • 2012, 2016, 2020, 2024 (April), upcoming 2028, 2032… • Track BTC performance at 180, 365, 500, 518 days post-halving • Highlight miner profitability vs issuance • Align ETF flows and macro shifts with halving cycles

⸻

➕ 7. Integrated Add‑Ons

These provide edge insight beyond standard macro models:

✅ M2/BTC Ratio • Evaluate BTC valuation pressure vs fiat debasement • Project long-term price floors under monetary expansion

✅ % of BTC held by ETFs • Track institutional lock-up vs retail float • Model supply shock risk as ETF ownership rises

✅ BTC as % of Global Financial Assets • Compare BTC’s $ value to stocks, bonds, gold, real estate • Model reallocation scenarios (e.g., 2% of global wealth → BTC)

✅ Bond-to-BTC Capital Migration • Project BTC price under small shifts in sovereign bond flows • Tie macro interest rate regime (e.g., negative real rates) to inflows

✅ Institutional Narrative Tracker • BlackRock, Fidelity, JPM, State Street statements • Language signals in earnings calls, filings, and product releases

✅ Geopolitical Adoption Use Cases • Russia/China BRICS trade in BTC/commodity backings • On-chain commerce in sanction regimes • Lightning Network use in emerging markets

⸻

📐 8. Output Requirements • Structured scorecards, tables, and multi-year charts • BTC price projections in whole USD figures • CAGR, volatility, and Sharpe metrics • Halving overlays and ETF flows visualized • Include commentary per asset class per year • Provide final BTC conviction score (1–100)

⸻

Let me know when you’re ready, and I’ll execute this with current data and generate all outputs.

Welcome to r/CryptoForumSyndicate - Your Crypto Trading Forum HQ

Hey there, trader!
You’ve just entered one of Reddit’s fastest-growing hubs for crypto trading knowledge, strategy, and community. Whether you're a seasoned pro or just starting your journey into Bitcoin, altcoins, or crypto markets, this forum is built for you.

What You’ll Find in This Crypto Forum

Technical & Fundamental Analysis
Get breakdowns of price action, market structure, and sentiment across top cryptocurrencies and tokens.

Live Signals & Trade Setups
Share and discover real-time trade ideas, scalps, swing setups, and high-probability zones.

Education & Trading Strategies
Learn tried-and-tested crypto trading strategies, indicator setups, risk management principles, and more.

Trading Psychology & Real Experience
Talk about wins, losses, mindset shifts, and staying grounded in volatile markets.

Crypto News & Macro Trends
Stay up-to-date with impactful events in crypto, global finance, and blockchain ecosystems.

Memes, Humor & Trader Life
Let off steam with memes, screenshots, fails, and funny trading moments - because we all need a laugh in this space.

Weekly Post Themes

We keep the content flowing and the alpha coming with structured post formats:

• Monday – Crypto Weekly Outlook & Market Forecast
• Tuesday – Educational Guides, Strategy Breakdowns & Tips
• Wednesday – Chart Analysis & TA Discussions
• Thursday – Trader Talk: Community Question of the Week
• Friday – Signals, Trade Setups & Watchlists
• Saturday – Meme Day: Humor, Fails & Frustrations
• Sunday – Weekly Recap: Reflections, Wins & Lessons Learned

How to Get Involved

• Post your trades, charts, or insights
• Ask questions - beginner or advanced, we support all skill levels
• Use post flairs: [Analysis], [Strategy], [Question], [Signal], etc.
• Upvote valuable content and help keep the signal strong
• Engage in discussions your perspective matters!

- Support the Community

• Subscribe to r/CryptoForumSyndicate
• Comment daily or post weekly - every contribution grows the forum
• Share with fellow traders, Telegram groups, and Twitter friends
• Crosspost quality content from related crypto and trading subreddits

Quick Poll:

Do you mainly trade crypto, forex, or both - and why?
Drop your answer in the comments and let’s get to know you.

Thanks for being here. Let’s grow together, stay sharp, and trade smart.
— The r/CryptoForumSyndicate Team 💹