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Persistence 2023 Liquid Staking Roadmap Update
April 27, 2023
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The Appchain for Liquid Staked Tokens (LSTs)

A hub is best defined as the effective center of activity. Persistence has embarked on a journey of becoming the center of activity for liquid staking in recent years. From pioneering a liquid staking solution for ATOM with pSTAKE to evolving into an appchain for liquid staked tokens–native issuance of & DeFi for LSTs, this journey so far can be best described in a single word: ‘Persistence’. Persistence Labs & the community continue to persist in bringing the vision of being a one-stop-shop for liquid staking to life.

With $17.32B in TVL, Liquid Staking is now the #2 DeFi category on DeFiLlama. It has seen exponential growth and adoption in the last two years and is primed to be at the forefront of DeFi in 2023 and beyond. Most of this has been driven by Ethereum and the Shapella upgrade. But the Core-1 team believes that Cosmos and other major ecosystems, such as the BNB Chain, have immense untapped potential & a huge role to play in LSTs becoming the most popular DeFi asset class.

A quick look at Persistence today

Thanks to these key advancements, on-chain activity is booming like never before:

What’s next for Persistence

With the basic building blocks for a thriving liquid staking economy coming into place, the Core-1 team believes that the focus should now shift to three key aspects: On-chain TractionExpanding the Ecosystem, and Bolstering Infrastructure. The 2023 roadmap mentioned below dives into individual points under these three aspects for the next few months and how each benefits Persistence & its various stakeholders, all powered by XPRT.

1. On-chain Traction

Potential Partner chain for Replicated Security

Replicated Security is a new shared security model in which the Cosmos Hub will rent its security to partner chains. This gives birth to the ATOM Economic Zone (AEZ), an ATOM-aligned ecosystem for economic value creation, including the LSM on the Cosmos Hub. Onboarding as a partner chain will give the Persistence Core-1 chain a boost of ~80X in terms of Economic Security. The Core-1 team believes that adopting Replicated Security will help Persistence enter and eventually become a big part of this AEZ alongside others like Neutron & Stride. In the coming weeks, the Core-1 team will work with Informal Systems & others in Cosmos to evaluate the best way to be a partner chain and discuss that with fellow Persisters & Cosmonauts through various public forums.

Support for LSM (Liquid Staking Module, built by Iqlusion)

The LSM is a module built to empower use cases for natively staked tokens. Persistence aims to be the first chain to enable the LSM and be the playground for the entire Cosmos to test its novel benefits. With the LSM on the Core-1 chain, stake delegators can perform transactions that were impossible before, like moving staked tokens between wallets or converting their native stake to liquid stake. The LSM will benefit the eventual launch of stkXPRT by pSTAKE, allowing already staked XPRT to be converted into liquid staked stkXPRT without going through the 21-day unbonding period. The Core-1 team will also contribute to bringing the LSM to the Cosmos Hub (planned for Q3 2023). The LSM was added to the Persistence Core-1 testnet on Monday, 24th April 2023.

Add Oracle with price-feeder

An Oracle connects blockchains to external systems and enables decision-making for existing contract logic based on these data inputs. Besides providing essential price data feeds, the Oracle will also filter & authenticate the integrity of the information crucial for executing specific contracts in a decentralized manner, such as Dexter’s Metastable pool and Bamboo’s Borrowing/Lending mechanisms. Over time, the Oracle will also become a revenue generator for XPRT validators & the chain itself. For reference, 40% of the blocks produced by Umee, a money market app chain in Cosmos with 20 listed assets, contain 95+ txns each related to the Oracle. The Oracle was added to the Persistence Core-1 testnet on Monday, 24th April 2023.

MEV-capture with Skip Protocol

The Core-1 team believes that a sovereign MEV solution will ensure maximum value capture & minimum value leakage when it comes to MEV on the chain. Skip Protocol is creating modular tools that give the app chain complete control over transaction ordering and inclusion rules. For example, let’s assume Dexter has a $100 arbitrage opportunity. Instead of an MEV bot extracting this value, Skip’s Proto-Rev module on the Persistence Core-1 chain can extract this value to be distributed to XPRT stakers finally. On-chain MEV will increase with the increase in on-chain activity (thanks to pSTAKE, Dexter, Bamboo, & other dApps in the future), resulting in a new source of yield for XPRT stakers. Over $7M in MEV has been extracted from Osmosis in 2 years since its genesis. Integrating with Skip will allow more value to be extracted and distributed to XPRT stakers.

Native $USDC on Persistence

Stablecoins like USDC are one of the best examples of product-market fit in Crypto, with a total market cap of $130.73B. Stablecoins in Cosmos have majorly been decentralized CDP-based like $CMST, $SILK, or bridged like $axlUSDC & $gravUSDC. However, Noble, a general asset issuance chain in Cosmos, is bringing native $USDC to Cosmos. For comparison, ecosystems like Solana, Polygon, and Arbitrum all have $1B+ in native stablecoin liquidity. The Core-1 team will look to collaborate with Noble to utilize cosmos-native $USDC for ecosystem dApps such as Dexter & Bamboo.

New dApps #BuiltOnPersistence

Earlier in Q1 2023, the Bamboo team came out of stealth with their vision of creating a borrowing/lending protocol for LSTs. Bamboo is still under development & is expected to go live in the coming months. Another external team has started to develop a vault product around liquid staking on the Core-1 chain. If you or someone you know is interested in building exciting use cases for LSTs on Persistence, please contact the Core-1 team here.

2. Expanding the Liquid Staking Ecosystem

Bring non-cosmos native LSTs to Persistence

The Core-1 team will work closely with the pSTAKE team to bring EVM-based stkASSETs issued by the pSTAKE protocol (like stkBNB & stkETH) to the Core-1 chain in partnership with bridge/interoperability protocols like Axelar. This will further cement Persistence as the center of liquid staking activity.

Enhance the Core-1 chain’s security

The Core-1 team believes the Persistence Core-1 chain will become the center of liquid staking activity. Hence, expanding to as many security avenues as possible is in the chain’s best interest. In line with that, the Core-1 team will actively explore and consider the different options available in Cosmos today–Replicated Security, Babylon’s Bitcoin Security, & Mesh Security. This will improve the chain’s security significantly and open a new dimension of economic dialogue–imagine an appchain for liquid staked tokens secured by the Cosmos Hub, Bitcoin-grade security & other chains in Cosmos. The Core-1 chain is already live on Babylon’s testnet as of April ‘23.

Revamp $XPRT Tokenomics

Various community members have recently voiced their opinion and made a case for revamping the $XPRT tokenomics considering the increased on-chain activity & the upcoming XPRT halvening. The Core-1 team is working closely with Persisters in driving this community initiative by opening a direct dialogue & collating various ideas. In the coming months, community members will take this discussion public on the Persistence Forum, followed by a consequent on-chain governance proposal.

Enable IBC v6

IBC v6 will allow dApps such as pSTAKE to scale to more Cosmos native stkASSETs seamlessly. Expansion of pSTAKE to support other IBC-enabled chains will further increase on-chain activity by resulting in more txns, chain TVL, & IBC volume with Persistence’s peers. IBC v6 will also enable Fee Middleware, an on-chain mechanism to fund relayers for Persistence’s IBC connections to scale sustainably.

Improve CosmWasm Dev Tooling

The Core-1 chain is a semi-permissioned CosmWasm-enabled chain. This requires the Core-1 team to work closely while onboarding external teams like Dexter. By improving dev tooling for CosmWasm, onboarding & deployment of external projects will become more efficient. The first example here is an ongoing discussion with the Celatone team.

Welcome Ledger Live

The Core-1 team will work closely with the Ledger team for $XPRT wallet integration into Ledger Live. Native support for XPRT on Ledger will create a safer way of storing keys. Besides that, dApps deployed on the Core-1 chain, such as pSTAKE and Dexter, are also expected to be supported by Ledger Live, creating better avenues for onboarding new users into the Persistence Ecosystem.

3. Bolstering Infrastructure

Bump to cosmos-sdk v47

Upgrading the Core-1 chain to v47 will bring various performance and functionality benefits, including CometBFT & ABCI1.0 (in-depth details here). Besides that, it will enable working with Skip Protocol on its latest version of in-protocol MEV capture.

Other add-ons: Group module, PFM, IBC Wasm Hooks

Group module will allow the creation and management of on-chain multisig accounts and configurable decision policies, making it easier for users to manage their tokens while enabling more front-end use cases for wallet management. It will complement a multisig tool built using CosmWasm.
PFM or Packet Forward Middleware will make it possible to route incoming packets from the source chain to the destination chain by solving for token fungibility across the Interchain.
IBC Wasm Hooks is a middleware that will allow cross-chain contract calls involving token movement (enabling Squid Router for cross-chain swaps on Persistence).

Improve the chain’s Indexer setup

An indexer listens to data produced by blocks on the chain & can immediately filter and process it as needed. The Core-1 chain currently uses the graph protocol for indexing data. This data is crucial for dApps on the chain. For e.g., Dexter uses this for faster front-end interactions, especially those that rely heavily on historic data such as transaction history. The Core-1 team will explore alternatives to the graph protocol that allow for better data access & usage.

Increase Performance Monitoring

With a further expected increase in on-chain activity, performance monitoring for validators, relayers & RPCs, among other critical chain infrastructure, will be crucial. The Core-1 team will increase its performance monitoring by working with various stakeholders & security partners.

Streamline Automated Testing

The Core-1 team will work on further streamlining feature testing, upgrade testing, E2E testing, and regression testing to provide a better testing environment for the chain and deployed dApps.

Conclusion

The Persistence Core-1 chain is an appchain for liquid staking with a vision to bring about a new paradigm in PoS by being the one-stop-shop for liquid staking–issuance of & DeFi for LSTs.

The Core-1 team believes that working towards the three essential aspects–On-chain Traction, Expanding the Ecosystem, & Bolstering Infrastructure is naturally the next step in making Persistence synonymous with liquid staking.

While the Core-1 team will do everything possible to achieve everything mentioned in this roadmap in the coming quarters, some things might change depending on various circumstances. But the belief behind the vision of each of these will remain the same.

This 2023 Persistence Roadmap Update is brought to words by Tushar AggarwalMikhil PandeyJeroen Develter, & Aditya Vandkar. Fellow Persisters are urged to give their feedback on what’s next for Persistence via our DiscordTelegramTwitterForum, or saying gm in person.

About Persistence

Persistence is an appchain for liquid staking–issuance of & DeFi for LSTs.

The Persistence chain hosts pSTAKE Finance–a multi-chain liquid staking protocol for issuing LSTs that allows users to earn staking rewards while participating in DeFi primitives, Dexter–the Interchain DEX for yield-generating assets like LSTs. Bamboo, a borrowing/lending protocol for LSTs & a vault product for LSTs, are expected to launch soon.

Persistence aims to offer a one-stop-shop for liquid staking for PoS (Proof-of-Stake) users and enable developers to build innovative applications around LSTs.

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💠 'Based Agent' enables creation of custom AI agents
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👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
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🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

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3I/ATLAS — Secret Laws Of Gravity
Unlocking the future of space travel through the precise calculation of time and orbital trajectories.

"My preliminary analysis suggests two principal hypotheses regarding the reported phenomenon known as '3I/Atlas':

  1. A Coordinated Psychological Operation (PsyOp): The phenomenon may constitute a calculated effort to manipulate public sentiment or induce fear, potentially preceding a planned, large-scale deception (referred to informally as 'Project Bluebeam').

  2. A Highly Anomalous Object: Alternatively, the phenomenon represents an authentic, significant anomaly warranting serious scientific or intelligence scrutiny.

Regardless of its origin, '3I/Atlas' represents an historically noteworthy development that necessitates close, informed observation."

 

~Crypto Michael | The Dinarian 🙏

Abstract Introduction:

New data is now showing something that arrived early and its changing colors as we previously predicted.

In orbital mechanics where trajectories are calculated centuries in advance with accurate precision measured in seconds.

A 11-minute deviation is not a rounding error.

It’s not a typo in the database.

It’s not close enough.

"It’s Physically impossible.”

Now The longest government shutdown in U.S. history still blocking NASA releases while the object executed its closest Fly-by approaches to Mars, The Sun and Venus at the moment of maximum observational blackout.

But orbital mechanics don’t care about “government shutdowns.”

Our observations Don’t Stop.

And the math doesn’t wait for “Press releases.”

The math says this:

“If 3I/ATLAS is natural, it should have lost about 5.5 billion tons of mass.”

It didn't.

1. The 5.5 Billion Ton Problem:

Let’s start with what everyone agrees on: 3I/ATLAS “now” arrived earlier than pure gravitational predictions would allow. Even though we have been mentioning this trajectory change over 2 Weeks ago (October 21st Article HERE) TRACKING 3I/ATLAS .

The scientific consensus explanation? “Natural outgassing” the "rocket effect." As water ice sublimates near the Sun, it creates thrust, like a slow-motion rocket engine powered by evaporating ice. Comets do this all the time. It’s normal. It’s natural. It’s explainable.

Except for ONE problem.

The Physics Don’t Add Up!”

To generate enough thrust to arrive approximately “11 minutes early” would require shedding a staggering amount of mass.

Our calculations show “over 5.5 billion tons” of gas ejected over the perihelion passage.

Think about that for a moment.

That’s not a little puff of vapor.

That’s not some gas leaking from surface cracks.

That’s 15% of the object’s total estimated mass.

If 3I/ATLAS lost that much material naturally, it would create a debris cloud larger than Jupiter’s magnetosphere—visible to amateur telescopes from Earth. Absolutely impossible to miss in professional observations, and bright enough to be catalogued by every sky survey on the planet.

1.1 ~ The Plume Paradox:

Here’s where it gets interesting:

No such cloud has yet to be observed.

Not by Hubble. Not by JWST. Not by ground-based observatories. Not by the Mars orbiters that watched it pass at 30 million kilometers.

The brightness remained within “expected limits.” The coma showed stable & geometric shifting features. The tail structure now disappeared (but that’s another story). The main one is that: “The debris cloud that should exist — simply doesn’t.”

This isn't a minor discrepancy.

This is complete, mathematical failure of the natural comet hypothesis.

Part 2: The Industrial Signature:

So if natural sublimation didn't create the thrust, what did?

The answer is hidden in the chemistry—specifically, in what shouldn’t be there. “The Nickel Anomaly.” When multiple astronomers analyzed 3I/ATLAS’s spectral signature, they found something extraordinary: “nickel vapor” (Ni) at extreme distances from the Sun, where temperatures should be far too cold for metals to vaporize naturally.

Nickel doesn't just evaporate on its own at those temperatures.

It needs HELP.

And there’s only one known process—natural or industrial—that produces a volatile nickel-carbon compound at cold temperatures which we have said several times previously;

Nickel Tetracarbonyl: Ni(CO)₄

This is not a natural cosmic process.

This is an “industrial chemical pathway” used on EARTH for metal refinement!!!

It forms at 120°C and decomposes at 180°C allowing nickel to vaporize at temperatures where water ice would remain frozen solid.

It is LITERALLY, an industrial refrigerant for metal processing.

The presence of Ni(CO)₄ in the plume tells us two things:

  • The core is not ice — It’s a nickel-rich, engineered structure.
  • The process is not passive sublimation — it’s an active, controlled system.

The nickel vapor isn’t contamination.

It’s not a coincidence.

It’s Exhaust.

3. Secret Gravity (SOEG) Model:

This is where our research team proposes something NEW.

We call it The “Self-Optimizing Ejection Guidance (SOEG) Model”

A Brand New Scientifically defensible framework that explains the acceleration not as chaotic outgassing, but as “controlled propulsion.”

The SOEG Model (Project EE / 3IE)

The System:
• Volatile Reservoir — CO₂ ice + Nickel-rich metallic core.
• Solar Heating — Perihelion triggers sublimation at optimal moment.
• Magnetic Ionization — Internal magnetic field ionizes nickel vapor into plasma.
• Anisotropic Jets — Plasma channeled through focused nozzles. (not random cracks)
• Thrust Optimization — Maximum momentum transfer with minimal mass loss.

Unlike natural cometary outgassing—which is chaotic, omnidirectional, and wildly inefficient. The SOEG Model Fully Represents: (CONTROLLED, DIRECTIONAL, OPTIMIZED PROPULSION.)

It’s the engineering solution to interstellar navigation: Using a “magnetofluidic drive” that uses the Sun’s + Nearby Planets & Star energy to activate a propulsion system that was BUILT.

The secret is in the magnetic field. By ionizing the nickel-carbon vapor into a high-velocity plasma jet, the system achieves thrust efficiencies that natural sublimation could never match.

This isn’t science fiction. This is “magnetohydrodynamics” the same physics that powers experimental plasma thrusters being developed by NASA and ESA for deep-space missions.

The difference?

We’re building prototypes…

Someone else already perfected it.

4. The Scientific Statistical Test:

Here’s what makes it undeniable.

Natural comets exhibit HIGH temporal variance in their acceleration parameters.

Technical terms like (A₁) and (A₂) that describe how thrust changes over time. Natural outgassing is messy, chaotic & unpredictable.

Our Prediction:

We formally predict that when sufficient post-perihelion data is published — expected from JUICE observations (data release February 2026) and ground-based telescopes through December 2025— 3I/ATLAS WILL show:

  • (A₂ parameter near zero) — phase-locked rotational coherence.
  • Temporal drift < 0.5σ — stability far beyond natural variance.
  • “Thrust vector alignment” with rotational axis — body-fixed engine signature.

If ALL 3 conditions are met.

The probability that 3I/ATLAS is a natural comet drops below 0.01% (a >4σ statistical rejection).

This is not speculation. This is a time-stamped, falsifiable prediction.

By February — March 2026, we will either be proven right or wrong.

The data doesn’t care about our theories. It only cares about what actually happens.

5. The Blue Hue 🔵:

Now there’s one more piece of evidence—and it’s visible to the naked eye (well, through a telescope). “The Color Anomaly.”

Natural comets scatter sunlight off dust particles, producing a yellowish-red glow. At 1.36 AU from the Sun, 3I/ATLAS should have appeared reddish-orange from thermal emission.

Instead, observers noted something strange: “A distinct blue fluorescence” in the coma.

What Blue Light Means?

Blue emission in a comet’s coma comes from highly ionized species—primarily “CO” (carbon monoxide ions) and certain excited metallic vapors. This requires enormous, “FOCUSED” energy to achieve.

You don’t get this level of ionization from passive solar heating. You get it from ~ Active Plasma Generation. The blue hue is the visible proof of the SOEG engine operating at perihelion. It’s the "engine glow" of a magnetofluidic drive generating high-energy plasma to achieve maximum thrust efficiency.

Compare:
- Natural comets (Hale-Bopp, NEOWISE, 67P, Etc.): Usual Yellowish-red dust scattering.
- Expected for 3I/ATLAS at 1.36 AU: Reddish-orange thermal glow.
- Observed in 3I/ATLAS: Distinct “Blue” plasma fluorescence.

This isn't subtle.

This is the difference between reflected sunlight and an active thruster firing.

5.5 ~ Convergence of Evidence:

Let's put it all together.

The Self-Optimizing Ejection Guidance (SOEG) Model is not speculation. It’s not wild theorizing. It’s one of the only frameworks that coherently explains:

✅ The early arrival— non-gravitational acceleration without natural explanation.

✅ The missing 5.5-billion-ton debris cloud — controlled thrust with minimal mass loss.

✅ The Ni(CO)₄ industrial signature — engineered propulsion chemistry.

✅ The blue plasma glow — active ionization system visible during perihelion.

✅ The statistical impossibility — phase-locked stability beyond natural variance. (pending verification)

However each piece of evidence, standing alone, is anomalous but potentially explainable.

Together, they form an interlocking pattern that demands a technological origin.

But then there’s the Silence.

Venus conjunction: Still offline.

This is not incompetence.

This is recognition.

THEY know something we’re still calculating.

December 19, 2025: 3I/ATLAS reaches closest approach to Earth at 167 million miles.

“If the calculations are correct, the 5.5-billion-ton debris cloud should be impossible to miss. Every telescope on the planet will be watching.”

All of this new information scheduled to be released should definitely include the following: High-resolution spectroscopy, morphological analysis, particle environment data and MOST CRITICALLY the astrometric parameters that will confirm or refute our SOEG model’s predictions.

“If the A₂ parameter shows phase-locked stability, the SOEG model is confirmed.”

Conclusion:

The Numbers Don’t Lie. The orbital path was not set by gravity alone. The acceleration was not powered by ice. The chemistry was not natural. And the timing is not “coincidental.”

3I/ATLAS is a message written in orbital mechanics, plasma physics, and industrial chemistry—a message we have “74 days” left to fully decode.

The mathematics are clear.

The predictions are calculated.

We don't have to speculate about what it is.

We just have to (wait) for the complete data packet to arrive.”

And when it does, one of two things will happen:

Either the natural hypothesis survives (unlikely, given the evidence). Or we confirm what the numbers have been screaming to us since October are TRUE.

Something pushed it. Something controlled it. Something arrived exactly when it needed to.”

Or The A-parameters will lock.

The plasma signature will confirm.

The debris cloud will be absent.

And the institutional silence will make perfect sense.

Because you don’t announce a discovery like this through a press release.

You announce it through a “Calculated Strategy.”

Analogy Conclusion:

The orbital path was set by laws that were not known,
For where the starlight failed, a force was subtly sown.

No dust and ice, but Nickel in the plume’s blue gleam,
A pulse of hidden power, of controlled, forgotten dreams.

The A-Parameter locks, The true secret of the sphere,
The Simultaneous Truth arrives, When all the numbers are near.

— Earth Exists

Additional Reference & Data Source Links 🖇️:

EARTH EXISTS Documentation:
- [Previous article. 35 Days of Silence — 3I/ATLAS]

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BlackRock Is Manipulating The Price Of Bitcoin👀

Blackrock possess a strategic depth that goes far beyond initial appearances. When the general market perceives selling and traders respond with emotion, these major players are often operating on a much more profound level. They adeptly identify and leverage every available mechanism to influence market dynamics. Their power isn't in direct control of the asset, but in understanding how to move the market without ever taking direct ownership.

What entity has become the most prominent corporate champion of Bitcoin ($BTC)?

It's the one with the massive treasury holdings, known as Microstrategy.

 

However, the major strategic challenge lies here: the size of their Bitcoin position is fundamentally linked to their external financing, typically in the form of debt.

This reliance on significant debt creates an inherent vulnerability—a dependence on creditors and shareholders. When an entity's position is highly leveraged, that dependence makes them susceptible to market manipulation or strategic pressure from external financial forces.

When a highly leveraged corporate holder of a significant asset (like $BTC) faces external financial stress, that pressure inevitably transfers to the asset itself.

Blackrock's goal isn't to induce a market crash, but rather to establish a dominant position and control.

Any substantial sale of major cryptocurrencies like $BTC or $ETH initiated by Blackrock, can be interpreted not as routine trading, but as a deliberate effort to manipulate market sentiment and pricing.

Blackrock is deploying a sophisticated combination of tactics: they simultaneously generate market volatility through strategic sales of the asset ($BTC) while accumulating shares in key corporate holders (the stock symbolized by $MSTR).

The deeper intent is to leverage this equity stake to direct the corporate strategy of the highly leveraged Bitcoin champion.

With a sufficiently large ownership percentage, this influence becomes highly effective. The resulting market power is therefore a function of both manipulating price movement and controlling corporate policy.

Is Microstrategy (the company represented by the $MSTR stock) vulnerable to this kind of pressure? The evidence suggests yes.

A substantial stake held by Blackrock grants them effective leverage to influence and manipulate the company itself.

When the company's shares experience a significant decline, the leadership is often compelled to take action, potentially buying back their own stock. This action is driven by the fact that falling share prices directly intensify financial and market pressure on the entire organization.

If the stock of Microstrategy continues a sustained decline, lenders will inevitably begin to re-evaluate and revise the terms of existing loans. This is a critical point of failure for the entire strategy.

The fundamental operational model of this corporate champion works like a closed loop:

  • It secures debt financing (taking loans) to acquire $BTC.

  • Alternatively, it issues new equity (selling shares) to acquire $BTC.

Crucially, the ongoing interest payments on this substantial debt are often managed by the mechanism of issuing even more shares, creating a continuous cycle of dilution and reliance on a high stock price.

A major consequence of rising leverage is the escalating cost of borrowing, requiring Microstrategy to source even larger amounts of capital.

The most straightforward solution—to issue and sell more stock—proved to be insufficient.

In fact, the situation worsened: the company’s recent attempt to raise funds through a stock offering did not fully sell out. This failure directly resulted in a significant liquidity shortfall, hamstringing Microstrategy’s ability to meet its financial obligations and continue its asset acquisition strategy.

And the ultimate shock came when Microstrategy—the very entity that vowed it would never liquidate its holdings—began to sell.

These weren't insignificant trades; the sales were valued at billions of dollars.

The key question now becomes: Does this sudden, massive reversal signal the imminent collapse of Microstrategy, or is it simply a necessary, albeit drastic, maneuver of 'business as usual' under extreme duress?

There appear to be two primary strategic objectives behind Blackrock's calculated moves:

  • Scenario A (Direct Dominance): Blackrock aims to neutralize its most prominent competitor (the corporate Bitcoin accumulator) in order to seize the title as the largest holder of $BTC.

  • Scenario B (Indirect Control): The institution’s goal is to establish absolute market control and influence, preferring to leverage Microstrategy to execute the most aggressive or politically difficult actions.

The outright financial destruction of Microstrategy is highly improbable. Such an action would trigger a severe market crash that could take years to fully repair.

The far more intelligent strategy is integration and control.

Under this model, Microstrategy remains operational, while Blackrock secretly dictates strategy. This allows Microstrategy to absorb the market blame for any necessary but controversial manipulation, a classic and often dirty tactic used by high-powered financial entities.

In the immediate future, the market will continue to exhibit strong reactions to the strategic maneuvers of Blackrock.

When they execute sales, it instantly captures headlines, is aggressively amplified by the media, and causes fearful retail traders ('weak hands') to panic and exit their positions.

Every decrease in price that results from this panic directly translates into a superior entry point for Blackrock. This clearly illustrates that the current market environment is driven purely by emotion, making it a survival game reserved only for those with the strongest resolve.

In the long run, the nature of $BTC will likely shift, moving away from its original ideals of being completely free and decentralized.

The vast majority of the available supply is projected to become highly concentrated within a small number of major corporations and investment funds.

Consequently, the price cycles will no longer be reliably tied to events like halvings or popular narratives. Instead, they will be driven primarily by government and central bank policy decisions, overarching macroeconomic conditions, and the internal political maneuverings of the world's most dominant funds and corporations.

Blackrock's goal is not to eliminate $BTC; instead, they are focused on constructing an elaborate system of control around the asset.

Microstrategy (the stock symbolized by $MSTR) remains a powerful tool, but it now operates under terms and directives that the company's leadership no longer fully dictates.

Since direct command over the decentralized asset is impossible, control is established through strategic influence over the largest corporate and fund custodians. Moving forward, Blackrock will be the primary entity determining the market's trajectory.

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A Request for NASA to Release Scientific Data on 3I/ATLAS

During my recent podcast interview with Joe Rogan (accessible here), I had mentioned the unfortunate circumstances, under which NASA had not released for four weeks the images collected by the HiRISE camera onboard the Mars Reconnaissance Orbiter. These images were taken on October 2–3, 2025, when the interstellar object 3I/ATLAS passed within 30 million kilometers from Mars. The images are extremely valuable scientifically because they possess a spatial resolution of 30 kilometers per pixel, about 3 times better than the spatial resolution achieved in the best publicly available image from the Hubble Space Telescope, taken on July 21, 2025 (accessible here and analyzed here). Whereas the Hubble image was taken from an edge-on perspective since Earth and the Sun were separated by only ~10 degrees relative to distant 3I/ATLAS, the HiRISE image offers a sideways perspective, valuable in decoding the mass loss geometry and glow around as it approached the Sun.

The delay in the data release was argued to be the result of the government shutdown on October 1, 2025. Nevertheless, conspiracy theorists suggested that it may have to do with evidence for extraterrestrial intelligence in the HiRISE images. When asked about it, I suggested that the delay is probably not a sign of extraterrestrial intelligence but rather of terrestrial stupidity. We should not hold science hostage to the shutdown politics of the day. The scientific community would have greatly benefited from the dissemination of this time-sensitive data as astronomers plan follow-up observations in the coming months.

Joe Rogan suggested that I contact the interim NASA administrator, Sean Duffy. The following day, I corresponded with congresswoman Anna Paulina Luna regarding a related formal request from NASA. Following our exchange, Representative Luna wrote a brilliant letter to NASA’s acting administrator Duffy.

We all owe a debt of deep gratitude for the visionary support displayed by Representative Luna to frontier science through her letter, attached below.

Avi Loeb is the head of the Galileo Project, founding director of Harvard University’s — Black Hole Initiative, director of the Institute for Theory and Computation at the Harvard-Smithsonian Center for Astrophysics, and the former chair of the astronomy department at Harvard University (2011–2020). He is a former member of the President’s Council of Advisors on Science and Technology and a former chair of the Board on Physics and Astronomy of the National Academies. He is the bestselling author of “Extraterrestrial: The First Sign of Intelligent Life Beyond Earth” and a co-author of the textbook “Life in the Cosmos”, both published in 2021. The paperback edition of his new book, titled “Interstellar”, was published in August 2024.

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