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스파크(SPK) KRW 마켓 거래지원 안내 ✅ 지원 마켓 : KRW 마켓 📅 거래지원 개시 시점: 2026-04-23 12:00 KST 🔗 공지 바로가기: upbit.com/service_center… #Upbit #SPK @sparkdotfi


1/ World Assets, Ltd. has now closed a series of OTC sales for a total of $65,000,000 with four counterparties over the past week, the first of which settled on March 20, 2026.


The purpose of most tokens is to be sold to subsidize the costs of protocols and teams. Buybacks in this context are at best performative, at worst just more exit liquidity for insiders. We love buying and locking because the token is useful, not to try to make it look so.


Stablecoin Development Corporation is a hugely ambitious effort to acquire, organize and provide access to Stablecoin Cash Flows, starting with $SKY This effort is backed by @tether and @SkyEcosystem, the #1 and #3 stablecoin issuers, who are partnering strategically



Don’t confuse a great protocol with a great investment. With $6.7 billion in TVL, @Morpho has proven it can dominate even in a mercenary market. However, we need to take a deeper look at the revenue switch we mentioned earlier today. They currently generate roughly $121 million in annualized interest, but exactly zero goes to the protocol. It all goes to LPs and curators. The only thing keeping the token’s $2B FDV alive is "narrative optionality", the hope that the fee switch will eventually be flipped. But this "hope" is mathematically dangerous: > The code allows for a 25% fee switch. At current numbers, that’s $30M in revenue. Even with a generous P/S ratio of 25, the "fair" valuation would be around $750M. If they only take 10%, the token would need to drop over 70% to reach a rational price. > Governance is controlled by a tiny group (essentially 4 entities). Gauntlet, one of the main voters, already earns $6M–$12M in fees as a curator. Why would they vote to give a slice of their pie to token holders? > The non-profit behind the protocol has spent hundreds of millions without a single audit. The CEO’s stance is clear: "reinvest everything." Translation: token holders are basically financing the protocol’s future while having zero say and zero yield. > Even the Apollo "buy-in" isn't what it seems. They are buying 90M tokens over 48 months (essentially buying the company through the back door), but it's happening via OTC deals directly from the treasury and the association. This doesn't create buy pressure on the open market. Meanwhile, a 23% increase in circulating supply is coming in the next few months and this buys will only absorb an 18% of this. Morpho is a 10/10 protocol that never needed a token. People are buying into a promise that, if ever formalized, would likely cause the price to collapse.








This is wild. Albania has appointed an AI-bot named “Diella” as a minister, responsible for public procurement. The idea is that, being virtual, she can’t be bribed, threatened, or unduly influenced. Who recalls @freysa_ai ($FAI)? Freysa was socially engineered into releasing funds. What are the odds someone tricks Diella into granting govt. contracts to corrupt suppliers?









