Castle Island Ventures Partner: The X Platform is now algorithm-driven, with the crypto community becoming collateral damage

4 hours ago

On January 23rd, Castle Island Ventures partner Nic Carter took to X (formerly Twitter) to share: "X is now algorithm-driven, and the platform has traded off between boosting user engagement and preserving stable creator-fan connections. Right now, it’s prioritizing the former—hurting creators’ ability to consistently reach their existing audience, making it less predictable for users to reliably get content from their favorite creators, and rippling through niche communities like Crypto Twitter (a filter bubble)." Carter predicts future discussions and demands will center on "digital property," with a focus on algorithm transparency, creators’ right to reach their followers, and users’ right to receive content from the accounts they follow.

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「Lightning Bolt」 Whale Rebalances ETH Short and Adds to BTC Long, Suspected to be Bullish on BTC/ETH Exchange Rate

On January 23rd, HyperInsight monitoring (via their Telegram channel) revealed the "Lightning Reversal" address (0x50b3...) executed multiple consecutive trades in a short window, simultaneously adjusting its ETH short and BTC long positions. First, the address closed out and offset its ETH short position: it initially sold 1,912.15 ETH short (valued at ~$5.52 million), then bought back 1,990.34 ETH short (valued at ~$5.80 million). Post-adjustment, its total ETH short position is worth ~$23.56 million, with an unrealized loss of ~$38,100. At the same time, the address significantly scaled up its BTC long position by adding 142.57 BTC long (valued at ~$12.86 million). After the trade, its BTC long position grew to ~$66.83 million, and the average entry price dipped slightly to $89,557.70—currently holding an unrealized loss of ~$160,600. This address is known for ultra-fast long/short reversals, often building large rever

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Stable will upgrade the mainnet and convert the native Gas token to USDT.

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A whale went short 57.01 BTC with 40x leverage, with an average entry price of $89,420.4

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CZ: The world is shifting its attitude towards cryptocurrency, with the majority of the new funds in the past year coming from traditional financial institutions

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River Completes $12 Million Strategic Series A Funding Round with Participation from TRON DAO and Maelstrom Fund

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