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이수현 - Love And Pain (도시남녀의 사랑법 OST Part.3) 이수현의 OST 'Love And Pain' 음원이 공개되었습니다. 지금 들어보세요♬   #AKMU# #악뮤# #이수현# #수현# #도시남녀의사랑법# #도시남녀의사랑법OST# #Love_And_pain# #LoveAndPain#

#HELLOAKMUFAN# 1월 16일(토) 오후 6시 <이수현 - Love And Pain ' 도시남녀의 사랑법 OST'> 발매! 😆 뮤직비디오 티저를 아래 링크에서 확인하세요! 🎥 #AKMU# #악뮤# #이수현# #수현# #도시남녀의사랑법# #도시남녀의사랑법OST# #Love_And_pain# #LoveAndPain#

Hyperliquid is being treated like the cleanest up only narrative in crypto and I want to add some nuance here. To be clear, this is not Luna. Luna was a closed loop algorithmic peg with no real revenue. Hyperliquid has real fees from real users, a genuinely best in class product, a dominant share of onchain perps volume, and a team that has shipped relentlessly. The bull case is real. I'm not dismissing it. I just don't think the risks are getting the airtime they deserve. I called Luna a ponzi here in 2021 around $50 and got absolutely hammered on the tl for daring to suggest anything negative about it as it ran to $120 before it vaporized to $0 within days. Very similar to yesterday when I simply said HL does not have remarkable tokenomics and got piled on for it. Being early on structural risk often looks wrong for a long time. And Luna was not just a retail rug. It roped in 3AC, Galaxy, Delphi, Hashed. Sophisticated money held the bag right alongside everyone else. Here is what I see with Hyperliquid. 97% of fees buy back HYPE. That sounds incredible, and in an active perps bull market it absolutely is. But fees come from perp volume, volume comes from people chasing the token, and the token is held up by buybacks funded by that same volume. Every leg moves together. It's a functional flywheel. And in the other direction every leg turns at once. However, nobody can tell you how much of the volume is organic either. If buybacks pump the token and the chart pulls in size and size funds buybacks, you cannot cleanly separate real activity from reflexive activity onchain. It doesn't mean the volume is fake. It just means you cannot prove how much of it isn't. Then the supply side. Only 25% circulates. Team and foundation together hold roughly 30% (23% team plus the foundation allocation which is essentially team with extra steps). Buybacks absorb about 90 million of unlocks a month. Actual pressure is closer to 400 million plus. Revenue keeps growing at a real clip, which is the whole bull case, but it has to roughly 4x just to keep price flat through vesting. Then the part nobody wants to touch. 31 validators, foundation controls the supermajority of stake, closed source binary, an assistance fund holding billions that we are simply told has no private key, on a chain the team built and runs. A lot of the business is regulatory arbitrage. Offshore venue, no KYC, users that shouldn't be using it are all over it. The founder is in DC right now precisely because everyone knows this. SBF was in DC lobbying for the DCCPA right up until FTX collapsed. Do Kwon was meeting Korean regulators before Terra blew up. Doesn't mean Jeff is anything like them. And to be clear, none of this means price stops going up. This is the part that matters for traders. Reflexive setups run for a long time, sometimes years. Luna ran from $5 to $120 while plenty of smart people screamed about the structure. HYPE can absolutely do the same. The flywheel is real while it's spinning, and standing in front of it is a great way to underperform. Just know what you're actually holding. Trade the tape, respect the trend, but don't fall in love and confuse a beautiful reflexive setup with a riskless cash machine. We have seen structures like this before and it tends to end the same way for usually the same reasons.

[ #hypebae# ] ITZY Talks Self-Love and Solo Releases 📰 ITZY <Motto> 🔗 #ITZY# #MIDZY# @ITZYofficial #ITZY_Motto# @hypebae

Olivia Rodrigo reveals “the cure” is her favorite song off her upcoming album ‘you seem pretty sad for a girl so in love’ and one of her favorite songs she’s ever made. Out this Friday.

Billie Eilish addresses criticism over her statement that “eating meat is inherently wrong”: “go watch a documentary or two and some footage of what is done to the animals u claim to love and what it does to the planet u pretend to love as well. if that footage was hard for u to watch i encourage u to pls take a look at urself. like i am so tired of standing up for/having empathy for living beings being controversial. pls continue to live in a constant state of cognitive dissonance and denial and try to convince urself that ur not living a lie. mwah”