𝑹𝑬𝑪𝑶𝑵

Yonatan Sompolinsky has just set a clear deadline. Kaspa is expected to launch OP_CAT++ by mid-June true, programmable covenants directly on the UTXO basis at full BlockDAG speed. That would be a technical quantum leap. While Bitcoin has been stalling the covenant debate for years, Kaspa, as the first scalable L1, could enable true programmable digital assets and thus attract precisely the institutional assets Grayscale is currently discussing. Anyone who views KAS as merely a means of payment is missing the actual shift: from a fast currency to the first practical, decentralized asset platform.

I bought more $BTC I bought more $BNB I bought more $ETH I bought more $SOL I bought more $RENDER I bought more $TAO I bought more $HYPE What should I buy now?

I feel the same way, the Covenant AI exit isn't an isolated case, but rather the logical second round effect. Bittensor's subnet mechanics work brilliantly, but governance multisig, deployments, and emissions control remains de facto in the hands of one person. As long as this isn't truly delegated, decentralization remains mere marketing, and the ice is thin. The next big builder will leave as well.

Decentralization matters. What happened to Bittensor $TAO is bound to happen again, in various ways and extents... When there's so much central control, you're walking on ice until it eventually breaks. youtu.be/bgU4mmUhicA

Y.Stan, tomorrow's the day! While most of the market is just riding the next hype wave, you're building NeuralKey with a depth that's rare these days. That's precisely the difference between a short lived pump and a project with long term substance. I'm incredibly excited for your insights quality always prevails in the end. I'm in, bro. Where we are, we're in the lead! 🚀

Most NFT collections sell hype. I built something different. Tomorrow morning (EU time), I’m dropping a full article explaining how the $NeuralKey system actually works rewards, strategy, and why early holders have the advantage. This is not just another mint. Stay ready.

The 4.5% breakout above the upper Bollinger Band, accompanied by significantly increased buying volume, demonstrates genuine short term momentum on the 1 hour chart. However, the crucial factor is not the next resistance level, but the timeline, When Sompolinsky's OP_CAT++ covenants go live by mid-June, $KAS will transition from a fast moving currency to the first scalable asset platform. At that precise moment, technical momentum will transform into a structural uptrend.

$KAS is showing massive bullish momentum on the 1-hour chart, breaking out above the upper Bollinger Band with a strong 4.5% surge backed by a significant spike in buying volume. How high are we going from here? #kaspa

Three key questions for your interview with @hashdag 1. What exactly is the timeline for OP_CAT++ which programmable assets or use cases will be available first by mid-June, and how do they scale on BlockDAG? 2. How does Kaspa address the governance issue as subnets and L2s grow and the Foundation can no longer control everything centrally? 3. And in the long term: Does he see Kaspa as the first truly decentralized asset platform that technically surpasses Bitcoin’s Covenant Blockade?

Hey $KAS I am preparing to do an interview with @hashdag what questions should I ask?

The Bittensor drama highlights the network's central tension, Subnets like Covenant AI deliver the actual AI performance and hold the majority of token emissions, yet feel centrally controlled by the Foundation. The token dumping by top operators is not a rug pull, but a logical reaction to shrinking margins and a lack of long-term alignment mechanisms. Without clearer governance rules for subnet allocation, TAO remains vulnerable to precisely such narratives the price decline reflects this governance risk.

Das Bittensor-Drama in Kurzformat 👀 Covenant AI, dass bisher stärkste Subnet sagt, Bittensor ist kein richtiges Dezentrales Netzwerk, sondern das an der Spitze einer ist der alles kontrollieren kann. Die Foundation sagt das wäre alles Blödsinn und das die Jungs einfach nur ein Rugpull durchführen... Und die Jungs vom Top-Subnet werfen dann noch ihre Tokens auf den Markt und gehen. Daraufhin bricht der Preis etwas ein (wobei ich schon vor einiger Zeit mal gezeigt hatte das laut TPO Monthly der POC bei ca 270$ lag) Genau auf solche Hin und Her Geschichten und Theater, habe ich keine Lust. Wo eine Partei sagt das Netzwerk ist Müll und die Gegenpartei dann erstmal ein Statement verfassen muss um die Lage zu beruhigen. Manche wiederum nennen sowas dann eine Chance 🤷🏻‍♂️

Private credit has grown enormously since the financial crisis, filling gaps for banks, and now has a volume of over two trillion dollars. High interest rates are now putting a strain on refinancing, especially for heavily indebted companies whether this will become a systemic problem will depend on the actual default rates and the liquidity of the funds in the coming quarters. So far, there is no clear evidence of a widespread collapse.

Private credit is in big trouble. Uhoh.

@KrexToken @Igra_Labs While KREX maintains its unshakeable anchorage within the Kaspa ecosystem and gains strategic depth through IGRA, this symbiosis creates the foundation for scalable adoption.

KREX is now live on @Igra_Labs! 🔥 Official contract: 0x9C31bB7A012A99dA04AAD94a1CB9176DAF28270D Explorer: explorer.igralabs.com There is no LP yet, but here is some useful info for the future: 👉 On Igra you need iKAS. Bridge $KAS → $iKAS here: ikas.katbridge.com (Note: currently a one-way bridge) 👉 Bridge $KREX here: katbridge.com (Two-way bridge, same process as bridging to Kasplex) What does this mean? First of all, KREX is and always will be a KRC-20, UTXO-based, data-native L1 token living directly on Kaspa's BlockDAG, and now it also expands onto the IGRA network. This means that anything built on IGRA in the future can also integrate and use KREX. I am also building @kasparex_hub, where, alongside Kaspa L1 and Kasplex L2, I have now integrated the IGRA network too, to build dApps, tools, games, and more. In short, this is preparing KREX to become a multi-network utility token. Always DYOR: → Verify bridges, URLs, contract addressess → Watch out for fakes & clones → Only trust official KREX posts Let's go! 🟩🔥🫡

@KaspaCom The opening of the pools is a necessary step for the network to mature. Liquidity creates space for economic activity beyond pure speculation. This strengthens Kaspa's position as a technological foundation for future financial markets.

🚀 $IGRA & $BMT Reward Pools Are Live! Add liquidity to IGRA and BMT pools on KaspaCom DEX and start stacking KCOM reward points. Liquidity providers earn at 3x multiplier. Start earning: defi.kaspa.com/rewards Add liquidity → Earn points → Claim $KCOM ⚡️

@anbrandenburger The trading pattern suggests institutional custody rather than private speculation. The Gemini hypothesis remains hypothetical, but follows the logic of actors securing technical standards for future markets at an early stage.

🚨 Who is Kaspa’s wallet #1?! 🚨 Over the past 2 years, mysterious wallet #1 has amassed ~ 1.4 Billion Kaspa with 393 transactions, at an average price of $0.09328. My bold guess is that this wallet is an exchange, and for two reasons.👇 1.) Holdings of over 90 KRC-20 Tokens. 2.) No extreme sell offs. Lots of exchanges host KRC-20 Tokens, and no extreme sell offs with persistent accumulation points to a long term horizon with this amount of capital (especially choosing to sit while underwater with its ROI). Which exchange, specifically? 👉 @Gemini @Gemini is operated by the Winklevoss Twins @tyler, @cameron, @winklevosscap. These brothers have never been shy about investing large amounts of capital upfront when they grasp an idea. This is also relevant because wallet #1’s first several purchases were in total ~ 146.7 million Kaspa 3/11/24 to 3/13-24, so that’s ~ a $22 million investment. They were first introduced to Bitcoin in Summer 2012 on a beach by a stranger. They became heavily invested in Bitcoin’s properties of having a 21 million hard cap, clean divisibility, and portability over the internet. They dove right in and began buying $11 million worth up front, and owned ~ 1% of the supply. (They did the same thing with Ethereum around its 2015 launch time.) Where’s this going? Enter 👉 Z-Cash Recently, the brothers founded @cypherpunk - “A company dedicated to privacy and self-sovereignty.” The brothers here have a massive position in Z-Cash and strong relations with its founder/leading driver - @zooko Wilcox-O'Hearn. @cypherpunk follows @zooko who’s (coincidentally) interacted with @hashdag saying, “BTW I've always loved your PoW DAG ideas, as you know, and I kind of try to keep a little awareness of current Kaspa development.” This could also explain why wallet #1 remains anonymous, as the Winklevoss twins clearly value privacy. TLDR: Mysterious wallet #1 of #Kaspa behaves like an exchange because it’s holds a plethora of KRC-20 Tokens, along with no massive sell offs. Which specific exchange? 👉 Gemini. This is because the Winklevoss twins get involved very early with groundbreaking tech, don’t shy away from a large upfront investment to begin, and have connections with Z-Cash’s founder @zooko whose conversed with @hashdag recently. Which could also be why wallet #1 remains anonymous for $kas. ✌️

@ScapeSquad Kaspa's value is not measured by company shares, but by its suitability as a monetary asset. Hard money requires incorruptibility. When technology overcomes the barriers to its use, valuation becomes a question of global money supply shares.

$KAS is also not just a technology investment but it is money. This is not a stock in a company. We are talking about real hard money. Sure, tens of billions of dollars is fair game. But if Kaspa takes a foothold in an increasingly growing industry, then we will be seeing hundreds of billions and up to trillions of dollars worth of value in the coming 10-20 years. Understanding the technological value is most important before throwing numbers around. youtu.be/OayuFGb6NyU

10/10 vProgs = "Kaspa's Smart Contracts." vProgs = interoperability protocol for VMs on high frequency PoW. Not Ethereum killer. Not Solana clone. Meta layer for seamless VM composition. Few understand this yet. That's the edge. #NFA

9/10 Timeline Context: Toccata HF (~June 2026): Covenant+ZK foundations vProgs Runtime: Already implementing (Hans Moog repo live) Silverscript: Production ready compiler parallel to HF Infrastructure first. Applications follow.

1/10 Most see vProgs as "Kaspa's EVM." Wrong framing. vProgs = meta protocol for VM interoperability. Not competing with Ethereum. Enabling seamless composition across VMs. Thread on why this matters 🧵