TylerFoust🎩

Merry Christmas, friends 🌲 I wish you comfort, joy in simple things, and faith in the good. May miracles be near you 🎁

A new era of @coinbase begins! Congratulations to @baseapp.base.eth on the official launch! Send your best wishes to Base and chance to claim your $jesse on the BaseCheers app by @uptopia-xyz. Join #base in building a sustainable, fully on-chain ecosystem. #basecheers #uptopia

Morning ✌️ • Grayscale considers Chainlink to be key infrastructure for RWA tokenization • The founder of Trend Research has announced his readiness to invest another $1 billion in $ETH and separately emphasized that he does not recommend opening short positions, calling the current moment a historic opportunity for the market. • $BTC and $ETH inflows to exchanges are declining as prices stabilize • CryptoQuant records a decline in buyer activity • Bitcoin lost more than 22% in the fourth quarter, which could be the worst result in 7 years - CoinGlass points to atypically weak quarterly dynamics. • Michael Selig confirmed as CFTC chairman amid progress on crypto market structure bill • Kalshi integrates BNB Smart Chain for deposits and withdrawals and adds support for the TRON network - the platform is actively expanding its multi-chain infrastructure. • Aster will allocate up to 80% of daily fees to the buyback of $ASTER tokens • ETHZilla, a company backed by Peter Thiel, sold 24,291 ETH for $74.5 million to pay off debts • Justin Sun lost $60 million on the Trump family project - the news is more reputational than market-related.

GA guys 👋 • JPMorgan has approved the use of Ethereum as collateral for loans - a key step in institutional recognition of $ETH as a financial asset comparable to traditional instruments. • Tom Lee's BitMine continues to aggressively build its position in Ethereum: $88.1 million in new purchases and another 98,800 $ETH over the past week. The company's total balance has reached 4,066,062 $ETH - one of the largest corporate holdings. • VanEck has included staking in its Avalanche ETF application - an important precedent that could change the approach to crypto ETF returns. • Spot XRP ETFs have recorded inflows for six consecutive weeks - more than $1.2 billion accumulated, indicating stable institutional demand. • Large investors have invested $640 million in $XRP amid market stabilization. • Strategy will continue to buy $BTC despite a 43% drop in shares and the risk of exclusion from MSCI. • Arthur Hayes predicts $BTC will rise to $200,000, followed by a correction and a bottom above $124,000. • More than $270 million worth of altcoins are expected to be unlocked - potential short-term pressure on H, XPL, JUP, SOON, MBG, and UDS. • ETHzilla has completely exited $ETH, calling the investment a mistake. • Gold has updated its historical high at $4,499. • Ghana has legalized cryptocurrencies and launched regulation. • The Pentagon is collaborating with Elon Musk's xAI - significant for the AI sector, but indirectly for the crypto market. • Stealka malware steals cryptocurrency by masquerading as game mods - a reminder of the risks, but with no systemic impact on the market.

Morning /sense's 👋 • Michael Saylor has published an updated Saylor Bitcoin Tracker - the market traditionally perceives such signals as a hint of another $BTC purchase by MicroStrategy. • The US is preparing a rule whereby small payments in stablecoins up to $200 will not be taxed. If the initiative is adopted, it will greatly simplify the everyday use of crypto. • The US Federal Reserve plans to inject about $7 billion in liquidity. This is a small amount for the stock market, but for crypto, such injections often serve as a short-term catalyst. • Most of the 2025 TGEs turned out to be failures: 100 out of 118 tokens (84.7%) are trading below their initial levels. The market is increasingly punishing weak tokenomics. • Vitalik Buterin said that prediction markets could eventually be more useful than social networks and even the stock market as a tool for collective analysis of reality. • Ethereum is ahead of Bitcoin in terms of network activity, despite its price being below $3,000. This indicates continued fundamental demand for the network. • Capital outflows from Ethereum ETFs are putting pressure on the price - institutions are reducing their positions, which is holding back growth. • Analysts note the formation of a “triple bottom” for $ETH - a technical pattern that is often followed by a sharp market recovery. • The growth of $XRP's capitalization could challenge Ethereum's status as the leading altcoin in 2026 - at least in terms of market narrative. • The head of the Cleveland Fed advocates pausing rate cuts due to disagreements within the Fed committee, adding uncertainty to the markets. • Maple Finance CEO believes that DeFi will eventually cease to exist as a separate category and become part of the overall financial infrastructure. • TON leads in stablecoin inflows over the past 24 hours - +$500.6 million according to Artemis. This i s one of the strongest signals of short-term on-chain activity.

Morning ✌🏻 • Pyth Network launches monthly $PYTH buybacks, allocating 33% of the DAO treasury - an important signal of a stable economy, especially given that Pyth Pro has already exceeded $1 million in ARR. • Interactive Brokers will allow brokerage accounts to be funded with stablecoins - another step toward bringing TradFi and crypto closer together. • The SEC has approved the DTCC's initiative to tokenize securities - an infrastructure moment that the market may reevaluate over time. • Netflix has announced a comedy about a lost crypto wallet password worth $35 million. • YouTube will allow US creators to receive payments in stablecoins. • Coinbase will introduce prediction markets and tokenized stocks on December 17 - a possible new round of competition with TradFi platforms. • Tether plans to raise up to $20 billion at a valuation of $500 billion - the company is increasingly moving beyond just being a stablecoin. • Phantom is integrating tokenized prediction markets through a partnership with Kalshi - wallets are gradually turning into super apps. • Hyperliquid is launching margin accounts, currently in alpha, but the direction is clearly institutional. • Hex Trust will issue and store wrapped $XRP for DeFi and cross-chain applications -another sign of the XRP ecosystem's revival.

Morning ✌️ • The Trump administration has proposed requiring tourists from 40 countries to provide a five-year history of their social media activity before entering the US. • Coinbase will allow trading of all Solana tokens through DEX without official listings. • Trump is launching the Golden Card program. It provides for simplified US citizenship and could become the most significant migration step of the next year. • Tether has released an AI health app. • Sei Wallet will be pre-installed on millions of Xiaomi smartphones. • Real Finance has raised $29 million for infrastructure to tokenize real assets. • Porsche and Lamborghini have started accepting crypto payments in Europe. • Strive plans to raise $500 million to buy Bitcoin. • KindlyMD has entered into a $210 million credit agreement with Kraken. • The US banking regulator has allowed national banks to conduct cryptocurrency transactions. • SpaceX is preparing for an IPO in 2026 with a valuation of $1.5 trillion. This could potentially be the largest offering in the history of the technology sector. • TrumpMeme and OpenLoot have announced the Trump Billionaires Club mobile game with its own TRUMP token. This reinforces the trend toward meme projects and Web3 gaming models. • Pineapple Financial is tokenizing $10 billion in mortgages on the Injective platform and is already transferring data on existing mortgages. This is one of the most ambitious RWA projects on the market.

• Helium enters the Brazilian market - the operator seeks to establish itself in one of the fastest-growing regions in terms of IoT infrastructure. • Today, the Fed will announce its decision on interest rates. A 25 basis point cut is almost fully priced in. All real volatility will come not from the rate itself, but from Powell's rhetoric: what he will say about liquidity and stress in the funding markets. • Silver has broken through its historic high of $62 per ounce. • The UAE has announced the strategic role of $BTC in the future of global finance. • Analysts note an acceleration in the $BTC deficit - 403,000 coins have already been withdrawn from exchanges. • MetaComp has raised $22 million to scale its Web2.5 infrastructure. • Sui integrates ZenLedger to improve tax reporting and compliance. • Wintermute notes market consolidation - capital is gradually flowing into $BTC and $ETH. • The European Commission plans to merge capital markets by 2027 a large-scale reform of Europe's financial space. • Bitwise CIO predicts 20-fold growth in the crypto market - institutional investors are already forming long-term positions. • Trump's team shifts focus from $BTC to $ETH - a strategic signal ahead of the election. • Tether has received key regulatory approval in Abu Dhabi - an important step towards the global legalization of stablecoins.

Since many people missed it, it is important to repeat this clearly. Dan Romero officially confirmed that Farcaster is transitioning to a wallet-first model because, in his words, the social layer “did not work” after four and a half years. However, there are things that need to be called by their proper names. 1. Where is the Farcaster token? Its launch should have happened a long time ago. It is not just a checkbox on the roadmap, but the foundation of an economy that creates incentives for users, opens up space for developers, generates commissions and revenue for the protocol, supports mini apps and authorial products, and most importantly, creates real value in the network. Other web 3 social networks have been operating under this model for a long time and are generating profits that Farcaster could be earning today. The decision to postpone the launch was purely managerial, not technical. 2. The early network infrastructure included people who are not mentioned today In the early stages, many people launched nodes and supported Farcaster. It was not as critical as in classic blockchains, but these people invested resources, created a sense of decentralization, strengthened trust in the protocol, and maintained stability when the network was just emerging. Today, when the course has changed dramatically, their contribution is not only unrecognized, but not even mentioned. This is not about reward, but about basic respect. 3. Did the social part really “not work” all these years? During this time, it was users and independent developers who created channels, virality tools, communities, and the mini apps ecosystem. The most innovative and popular features of Farcaster did not come about thanks to the internal work of the team, but thanks to the activities of the community. Therefore, the statement that the social level “did not work” is an incorrect diagnosis. It worked perfectly, but without an economic model, it could not scale. 4. Why the focus is suddenly on the wallet Because it is the wallet that generates profit. It is explicitly stated that every new wallet user is a new protocol user. But it must be said honestly that the success of the wallet is largely based on the activity and traffic generated by the social part. It is this part that attracts users, stimulates usage, and creates entry points. Therefore, attributing this result solely to the work of the wallet team would be an oversimplification of the real picture. 5. The tone of the message became part of the problem The phrase, “If you don't like it, use another network,” is not a strategy, but an alienation of the people on whom the entire product depends. A social network exists not because someone developed it, but because someone fills it with content. No CEO who values their community would allow such communication. This is not just a mistake, but a symptom of a deeper imbalance in the relationship between management and users. Over time, I have become accustomed to disrespect from the project's CEO. 6. The problem is not with Farcaster. The problem is with management And this is becoming increasingly obvious. It is not the community's fault. It is not the developers' fault. It is not the social network format's fault. It is not the users' fault. All key failures occurred where strategic decisions are made. It was these decisions that led to the token never being released, the economy not being built, the developer ecosystem not receiving funding, creators not receiving support, early participants not even hearing a “thank you,” communication being destroyed, and the course of development becoming chaotic and inconsistent. This is not a failure of the community. This is a failure of strategic vision. 7. Farcaster received significant investments - hundreds of millions of dollars And instead of directing them towards launching a token, developing the economic layer, supporting infrastructure, illuminating the dev tools ecosystem, programs for authors, and scaling the social product - the funds were spent on areas that the managers themselves now recognize as “unsuccessful.” This was followed by a sharp turn to the wallet-first model without analyzing the reasons for previous mistakes. The result is simple: the lion's share of the investment was spent in such a way that users did not feel any benefit. This is a strategic mistake, not a market coincidence. ================================================== I speak as a user who has fallen in love with this product with all my heart. I have never spent so much time on any other social network. Farcaster has enormous potential - and this is proven every day by the real people who create, build, and move the ecosystem forward here. But as long as strategic decisions are made without taking into account the community's opinion and without a well-thought-out economic model, this potential will inevitably be lost. The community works. The ecosystem works. The mini-apps work. The idea works. The only thing that doesn't work is the strategy from above. This is just my personal opinion. If you have your own, please share it. I would be very grateful to hear your point of view.

Morning ✌️ • $BTC continues to accumulate among institutional investors - MicroStrategy has purchased another 10,624 $BTC. • BlackRock has filed an application with the SEC for the iShares Staked Ethereum ETF. • Binance has received a full set of ADGM licenses, and $USDT is officially permitted in Abu Dhabi. • The European Union is discussing turning ESMA into a “European SEC.” If the idea is implemented, the crypto market in the EU will become both stricter and more transparent. • Bybit and Circle have announced a strategic partnership to promote $USDC. • MoneyGram and Fireblocks are expanding their work with stablecoins. • Argentina is considering allowing banks to trade cryptocurrencies. • Coinbase is once again accepting users from India and plans to launch fiat services in 2026. This is a huge market that US exchanges have been trying to break into for years. • Zcash, StarkWare, and Aleo will meet with the SEC on December 15 for a roundtable discussion on privacy. The topic is the regulation of private transaction technologies, which directly affects the entire ZK solutions sector. • The SEC has concluded its investigation of Ondo, paving the way for the company to scale up. • Bitwise Chief Investment Officer: “Crypto index funds will be a key trend in 2026.” The market is becoming so complex that people need “baskets” rather than individual assets - which makes sense. • Trump sharply criticized Europe after a $140 million fine for X. Pressure on large platforms is growing, and this could affect the media sector and regulated fintech products. Macroeconomics • The risk premium on US stocks has turned negative. This means that, taking into account the risk, stocks offer investors ZERO returns - a situation that often precedes market overheating. • When the Fed cuts rates within 2% of historical highs, the S&P 500 index has risen 20 times out of 20. Historically, this represents a 100% probability of growth within a year after the first rate cuts.

Hello /sense 🙋‍♂️ • BLACKROCK has filed an application for an ETF with $ETH staking (ticker: ETHB) - the largest manager is once again putting pressure on the market with institutional liquidity. If the product is approved, it will be the first staking ETF in the US. • Tether has printed another $1 billion USDT • China ended the year with a record trade surplus of $1 trillion - strong macroeconomics are boosting global risk appetite. • BitMine bought $199 million worth of $ETH • $ETH ETFs recorded a net outflow of $75.21 million - not a single day of inflow. • $BCH has risen 40% since the beginning of 2025, outperforming most L1s • Strategy CEO declares company's complete financial stability - an important signal amid recent concerns. • South Korea introduces bank liability for crypto exchanges after the Upbit hack - regulation in the region is rapidly tightening. • Exchange reserves of $ETH fell to a historic low - supply in free circulation is shrinking. • Whales accumulated 47,000 $BTC in December, according to Santiment - one of the largest accumulations in recent months. • Grayscale is preparing to launch a $SUI ETF, just days after the listing of a product from 21Shares. • Vitalik Buterin has proposed creating a gas futures market on the $ETH network - the idea could radically change the cost of transactions.

Good afternoon ✌🏻 • Bank of America will allow advisors to recommend $ETH starting January 5 • $ETH became the leader in inflows - $136.7 million per day • Banque Populaire launches crypto trading for 2 million customers • Grayscale filed an application for a SUI ETF • BitMine bought $68.87 million in $ETH Continue to accumulate ether on correction • Inflow into spot BTC ETFs - $54.8 million Stable recovery of interest in Bitcoin • Poland became the only EU country not to adopt MiCA Veto stopped tightening of regulations • Kraken expands in Colombia Local payment solutions open up a new market • Ramp Network receives MiCAR license • BPCE prepares to launch crypto services in 2025 French sector accelerates adoption of digital assets • Netflix is in talks with MetaMask about payments in $ETH Crypto payments may enter the mass market • Plume Network launches Real-World Yield on Solana • Asseto Finance joins Orochi Infrastructure for institutional RWA is strengthening • Mugafi partners with Avalanche IP tokenization enters the entertainment industry • Former DEA agent accused of laundering money through crypto • Paul Atkins (SEC): tokenization will move US markets to blockchain in two years

Morning ✌️ • Web3 meets Hollywood - Mugafi, an AI tech studio based on AVAX, is launching tokenization of intellectual property: movies, music, media assets - everything is going on the blockchain. This strengthens Avalanche's role as a platform for real assets. • The M2 money supply in the US has reached a new record high - a factor that traditionally increases interest in cryptocurrencies. • Mining one $BTC is becoming increasingly expensive - growing complexity and costs are forcing miners to look for new ways forward: switching to AI and HPC loads or reducing activity. • BlackRock has recorded a serious series of weekly outflows from Bitcoin ETFs - institutional investors remain cautious. • Traders of $ETH options are now significantly more optimistic than those of $BTC options - this could mean increased volatility and interest in Ethereum. • The Bank of Japan is considering a sharp increase in its key interest rate - this could increase pressure on the entire risk sector, including crypto. • $ETH validator activity has fallen sharply by 25% - this may indicate capital outflows from staking and increased uncertainty. • Polkadot and Zodia Markets are increasing institutional access to their products - a step towards expanding crypto infrastructure. • $XRP circulation speed is at a record high, signaling growing demand for the asset. • Media reports say Meta will cut funding for the metaverse by 30%, which could reduce interest in Web3 projects. • According to the IMF, stablecoins may eventually replace some government currencies - a global trend worth keeping an eye on. • MetaMask has launched prediction markets in partnership with Polymarket - a new use case for DeFi services.

Good evening 👋 • Sovereign wealth funds increased their purchases of $BTC. BlackRock's CEO said that they bought more Bitcoin during the correction with a long-term outlook. • Initial jobless claims in the US - 191,000. The figure is better than market expectations and supports demand for risky assets. • Fusaka launched on the $ETH mainnet The update improves network stability and throughput • US suspends sanctions against Chinese agency The move is aimed at protecting the trade deal between the US and China • BitMine acquired an additional 30,278 $ETH • Tom Lee: $ETH has entered a 10-15 year supercycle The analyst allows for deep corrections but considers the trend to be long-term and strong • New Zealand to introduce cryptocurrency into school curriculum The subject will appear in grades 1-10 courses starting in 2026 • Solana Mobile announced the launch of the $SKR token in January 2026 • Georgia signed a memorandum with Hedera $HBAR The integration strengthens the presence of the technology in government structures • The behavior of $BTC turned out to be close to the dynamics of the yen Analysts attribute this to global macro trends • The UK has recognized cryptocurrencies and stablecoins as property They can now be formally included in legal cases • American Bitcoin shares fell 51% The decline is associated with a sharp drop in the crypto market • Ripple launched the Scamberry Pie campaign The project aims to combat online fraud • Aave introduces Bitcoin staking • The Tron network has exceeded 350 million active accounts • PayPal's stablecoin capitalization has tripled • Binance has opened accounts for minors

Morning guys ✌️ • Vanguard adds Canary's Spot $HBAR ETF Trading is expected to start today • President Trump said that the US will “get money back from tariffs” and that in the future people “will not pay income tax” - the market is already anticipating increased volatility in the coming days • Bank of America recommends holding 1–4% of your portfolio in digital assets - a rare case where a major bank explicitly recognizes crypto as part of its strategy • Grayscale launched the Chainlink Trust ETF ($GLNK) on NYSE Arca - institutional money may enter the Oracle project ecosystem more strongly • The UK has officially recognized cryptocurrency as “property” - an important legal clarification that paves the way for new legal cases • Trust Wallet has launched a prediction market - users can now make predictions directly within the app • Uniswap has added support for crypto payments via Revolut - convenience for European users will clearly increase • Bybit, Mantle, and Aave are creating an institutional DeFi liquidity system - a rare alliance that could attract serious players • Tether has introduced its own framework for training AI models - the company is clearly expanding its strategy beyond stablecoins • On December 4, Coinbase International will launch $DASH futures - new liquidity for an old asset • Strategy is considering lending in $BTC - a move towards deeper CeFi-DeFi products • Sonnet BioTherapeutics approved a merger with Hyperliquid Strategies - further confirmation that TradFi and onchain approaches are converging • Revolut and Uniswap improved the UX of crypto payments - a definite plus for retail • Several analysts are already saying that January's $BTC-ETF reports could be key - they will determine whether we see an acceleration in inflows. • There is talk that two more major European banks are testing bond tokenization - announcements may come closer to mid-December. • There is a perception in the market that one of the Asian funds is looking to increase its stake in $SOL through derivatives so as not to move the spot price.

Hello guys 👋 • The Fed has ended quantitative tightening, a move that the market has been waiting for for a long time: pressure on risky assets is now significantly lower, and this could change traders' sentiment in the coming weeks. • Vanguard is opening access to $BTC-ETF tomorrow - the company with $11 trillion under management is finally allowing clients to access a product it has long considered “too risky.” • Crypto funds have regained $1.07 billion - the first confident inflow after a series of outflows, which has noticeably boosted market sentiment. • $BTC and $ETH closed November with almost no drawdown - the calmest end to a month since 2018, which looks quite encouraging given the current volatility. • Outflow from spot $BTC ETFs in November - $3.5 billion - institutional investors continue to rebuild their portfolios amid uncertainty • Spot $ETH ETFs had their worst month, down $1.4 billion - pressure on ether remains, and in the short term this may hold back the growth of altcoins • The decline triggered $500 million in liquidations on $BTC - mainly high leverage positions, which are always the first to be “carried out” during sharp movements • Tether CEO responds to S&P Global criticism - the company assures that $USDT is fully backed and reserves have reached an all-time high • Europol shut down Cryptomixer - since 2016, the service has processed more than $1.5 billion in BTC and has become one of the most prominent tools for money laundering • Trust Wallet ($TWT) launches “Predictions” - now you can bet on real events right inside your wallet

GA guys 👋 • Peter Schiff said Today marks the beginning of the end for $MSTR. Seymour is the biggest fraud on Wall Street. • BlackRock's CEO stated that $BTC-ETF is now the company's main source of income - a strong bullish signal for institutional investors. • Elon Musk: “Bitcoin is a real currency based on energy.” He emphasized that it is impossible to regulate energy with laws, reinforcing the narrative in favor of $BTC. • Nasdaq stated that tokenized stocks are the stock market's top priority for the coming years. • Grayscale is launching the first ETF in the US for the Chainlink ecosystem by converting an existing trust - institutional access to $LINK is expanding. • Cardano developers proposed a budget of $70 million ADA for 2026 - large-scale funding for ecosystem development. • Investments in $XRP spot funds exceeded $643 million in the first month - demand is growing steadily despite pressure from the SEC. • The volume of Ethereum stablecoins reached a record $185 billion - a key indicator of an approaching bull cycle for $ETH. • Ripple is seeing increased interest thanks to stronger flows from Africa and Turkey - increased demand for the company's infrastructure solutions. • Tether top manager: the issuer's strategy depends on the Fed cutting rates, which creates a risk for $USDT in the current macroeconomic environment. • The share of memecoins in the trading volume of the $SOL ecosystem has fallen to a two-year low - the market is shifting towards more stable assets. • Revolut has named Mexico as the future epicenter of digital banking - the region is becoming a key fintech hub. • Truther will launch a non-custodial $USDT card in El Salvador with Visa's support, expanding the real-world payment use of stablecoins. • Silver reached $58 for the first time in history, a new all-time high on the commodities market.

Morning ✌🏻 • For the first time since early November, US institutions stopped selling and started buying $BTC - inflows replaced weeks of outflows. • The head of BlackRock said that the November outflow of $2.34 billion from their $BTC-ETF IBIT is normal, considering that demand had previously pushed the fund's assets to nearly $100 billion. • This week, $70 million flowed into spot $BTC ETFs, interrupting the series of outflows. • Analysts note that $BTC now has its strongest growth potential since the pandemic. • The market is no longer in a state of "extreme fear" - crypto investor sentiment is improving significantly. • The decline in $BTC reserves on Binance and stable leverage are creating conditions for a sustained upward movement. • The $BTC price is entering a phase of undervaluation after breaking through key AVWAP levels. • Polygon's top manager predicts a "supercycle" for stablecoins - demand for $USDT, $USDC, and other stable assets may surge. • Bitcoin Vector experts: to confirm the rally, $BTC must break through $95,000 for retail and institutional investors to believe in a trend reversal. • November was the worst month for $BTC in the last seven years, ending with a decline and high volatility. • Interpol published a document naming crypto fraud as a threat to global security.

GA ✌🏻 • Fed Chair Jerome Powell will speak on December 1 - the market is waiting for hints about further policy regarding the $USD and risky assets. • Tether has suspended mining in Uruguay - the company is reviewing its terms of cooperation with local power grids. • CreatorFi has raised $2 million and is preparing to launch on the Aptos network - the focus is on content monetization. • Bitget has allocated $1.54 million to families affected by the fire in Hong Kong. • BitMine has purchased $44 million worth of ETH, taking advantage of the correction. • FC Barcelona has begun cooperation with a crypto project of dubious reputation - experts are already pointing to the opacity of its structure. • Altcoins lost about $1 trillion in capitalization due to the outflow of liquidity to $USDT and other stablecoins. • Visa is expanding stablecoin payments: $USDC support is now available in Europe, the Middle East, and Africa. • South Korean authorities have tightened AML controls on all transactions involving crypto assets, including $BTC and $ETH. • Amundi has launched a tokenized money market fund in euros - the first share issued on the blockchain. • Switzerland has postponed the introduction of new tax exchange rules for digital assets - the changes will affect all holders of $BTC, $ETH, and other crypto assets. • An early network participant deposited 18,000 $ETH on Bitstamp; he has 66,252 $ETH left, with total profits estimated at approximately $270 million. • CoinShares has withdrawn the registration of its Solana Staking ETF linked to the $SOL asset.