Joined March 2022
Bongino Block Party Update:
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It’s time $CVX and $CRV bulls. Grab my hand we will go up together.
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The GENIUS Act marks a watershed moment in American finance, further cementing the United States as the crypto capital of the world. Just as President Abraham Lincoln’s National Currency Act of 1863 established a national framework for bank-issued currency, the GENIUS Act establishes a federal framework for payment stablecoins in the digital age. The @USOCC's final rule carries that landmark legislation forward, providing a clear, practical foundation for private-sector innovation, competition, and American leadership in digital assets.
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👀 A quiet DeFi giant you could easily overlook if you only looked at the chart. Convex Finance ethereum:0x4e3fbd56cd56c3e72c1403e103b45db9da5b9d2b Just look at its history. Back in late 2021, CVX was trading close to $50. Today? Around $2.50. Years of decline, endless sideways action, occasional rallies, and then... silence again. For anyone chasing beautiful charts, there's seemingly nothing exciting here. 👀 But let's take a look under the hood. On October 15, 2026, CVX reached a historic milestone: its maximum supply of 100 million tokens was fully minted. That's it. No more CVX will be created under the original emission schedule. Token inflation from new CVX issuance has officially come to an end. And here's where things get even more interesting. 🔒 Around 46.3 million CVX are locked in the vlCVX voting system. That's roughly 46% of the entire maximum supply! And those tokens aren't just sitting there doing nothing. They give holders a say in one of DeFi's most fascinating pieces of financial infrastructure. Convex @ConvexFinance controls approximately 54% of all Curve @CurveFinance voting power. Through vlCVX, participants can influence how CRV emissions are distributed across liquidity pools. But the story goes well beyond Curve. Convex also participates in the economics and governance of Frax, f(x) Protocol, and Resupply. Think about that for a moment. While the CVX chart looked painfully boring for years, an enormous system for aggregating voting power and directing economic incentives was developing beneath the surface. 🏄‍♂️ And remember how we recently explored the Curve Wars? How protocols compete for votes, how incentives attract liquidity, and how voting power can become a genuinely productive economic resource. Convex has been right at the heart of that economy all along. Now imagine the years ahead. 🌍 Tokenized stocks, real estate, bonds, commodities, and entirely new onchain companies. Potentially thousands of markets that will need liquidity. 🌊 And infrastructure capable of concentrating voting power and directing economic incentives toward the markets that need them. Of course, there's no guarantee that the future of tokenization will revolve around Curve or Convex. But the potential scale of this kind of infrastructure is fascinating to think about. Especially now that CVX emissions have ended and a substantial portion of the existing supply remains locked. That doesn't automatically mean the price will rise. Tokens can unlock, competition isn't going away, and long-term value depends on real demand for voting power and the cash flows behind it. But this is where real investment research gets interesting. When you spend years accumulating through DCA, studying the protocol, following its economics, voting mechanisms, and infrastructure development instead of just waiting for the next green candle. That takes patience. And the market certainly doesn't owe you a reward for it. But sometimes these are exactly the stories that become fascinating when the market eventually starts reassessing their value. Not when everyone is suddenly shouting about them. But much earlier, when the chart is boring, attention is low, and a serious economic machine is already running beneath the surface. Convex is one of those DeFi giants I find especially interesting to follow over the long term. A token is a price on a screen. But behind that price, there can be an entire architecture of capital.
(1/5) $CVX is now fully minted! 🎉 On Oct 15, the @ConvexFinance token hit its hard-coded 100M max supply (block 26,200,161). WHAT HAPPENED - No new CVX can ever be minted - The final 120.8 CVX went out in a batch of reward claims 👇
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Replying to @takenaps
😂🎫
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Sean Glass, an Israeli IDF soldier who gave the order to shoot a 5 year old Palestinian girl named Hind Rajab 355 times, is currently in the US under Trump's protection. Let's make this baby killing cocksucker famous and let @POTUS know what we think about that.
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Who’s coming to the “DAN BONGINO BLOCKED PARTY”? (Dan’s reaction at the end…wait for it…)
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TO THE FEW WHO ATTACKED ME FOR SAYING “FUCK ISRAEL” — GO READ THE DECLARATION OF INDEPENDENCE AND THE BILL OF RIGHTS. This country was founded on the rejection of tyranny, blind allegiance, and unquestionable authority. The First Amendment doesn't exist to protect speech that makes you comfortable. IT EXISTS TO PROTECT SPEECH THAT MAKES YOU UNCOMFORTABLE. You don't get to wrap yourself in the American flag, preach about freedom, and then demand that Americans shut their mouths when they criticize a TINY foreign government. THAT'S NOT PATRIOTISM. THAT'S HYPOCRISY. THAT'S TREASON. And if your loyalty to a foreign government outweighs your commitment to the constitutional rights of your fellow Americans, YOU HAVE BETRAYED THE VERY PRINCIPLES THIS NATION WAS FOUNDED UPON.
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JUST IN: $13 trillion Charles Schwab fully launches Bitcoin & Ethereum trading to its 40 million eligible retail clients.
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I keep getting the question- how long until $CRV breaks $1? So I made a video update to discuss recent PA as well as share my thoughts on that question. If you learned something from this free content, likes/shares are appreciated. Enjoy.
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Talked to @valueverse_ai folks yesterday. It was interesting. Apparently, CRV and AERO are probably the easiest to evaluate in "TradFi" ways: prices peg to fundamentals and ignore negative or positive mentions in the media. - CRV is the easiest: just based on your normal cash flow, just made ve-aware, but nothing complicated. - AERO is trickier. It has semi-liquid NFTs which makes delta-neutral positions feasible, so shorts suppress the price. Also lots of inflation just has to be sold to compensate IL, which suppresses price below the "naive" estimate further. But possible to analyze. - UNI and HYPE appear to be valued very far from their fundamentals, traders appear to buy the narrative there more than calculations.
Comparing results for buyback vs. ve-tokenomics. A small case study comparing two baskets consisting 4 biggest buyback tokens and 3 biggest ve-tokens. Takeaways: 1. The peformance gap "buyback vs. ve" is much smaller that it was stated in the original post: $67 vs $300 -> $81 vs. $139 2. The highest valuation multiples are concentrated in major assets like $HYPE and $UNI. This suggests that market attention and valuation premiums remain heavily concentrated in the largest projects. Ongoing observations: 1. Buybacks outperformed on price returns. $100 invested in each of the four buyback tokens one year ago would be worth $130 on average today (equal-weighted across the group). 2. ve-tokenomics underperformed. The same $100 investment across each of the three ve-tokens would be worth just $72 on average. 3. But price performance doesn't tell the whole story. Both groups generate economic value for token holders beyond price appreciation. 4. To account for this: - Buybacks: we account the reduction in total supply as a kind of an income, since each remaining token represents a larger share of the supply. - ve-tokenomics: we account for revenue claimable by token holders. 5. $HYPE was the strongest price performer. Excluding $HYPE, the buyback group's average ending value drops from $130 to $115. 6. Accounting for accumulated revenue in the position: Buybacks: $130 → $139 ve-tokenomics: $72 → $81 7. $HYPE and $UNI have relatively small supply reductions: just 1.6% and 1.3%, respectively. We calculate these figures against maximum supply (the FDV basis), since buybacks increase the proportional ownership of all remaining tokens. 8. $PUMP and $CAKE burned significantly larger portions of their supply, making their buyback-driven value accrual more substantial. 9. $PUMP and $CAKE trade at roughly the same P/FCFt multiples as $CRV and $PENDLE, around 17x, despite their fundamentally different value accrual mechanisms. 10. $AERO stands out with a P/FCFt below 10x, making it one of the cheapest assets in this comparison on a token-holder revenue basis. All the results are presented at the infographic Source: Valueverse API
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Who wants a curve YouTube video? $CRV Give this post a like and you will have first access to it along with my Patreon members. Uploading now.
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Calculation of earnings is apparently not easy. @CurveFinance appears to earn more than you'd think
We don't know why Defillama AI says that @CurveFinance annual revenue is less than $5m. - It's simply not true. - We estimate it $15.2m - $27.64m is our data. - Maybe it was an AI Slop? Our manually verified data for that: - $7.19m fees for veCRV holders - $20.45m bribes that protocol brought for all kind of veCRV holders (incl. @ConvexFinance owning a huge veCRV stake) - $15.23m veCRV holders yearly income, EXCLUDING vlCVX bribes (so direct veCRV bribes only!) With all due respect, DeFiLlama appears to lack bribe coverage and proper attribution of fees and bribe revenue to token holders. You can dig into all numbers yourself👇
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🚨🇺🇸 Joe Kent reveals all: "I saw Israeli lobbyists dictating terms inside the White House under Trump." "I watched a foreign government, the Israelis, come in and dictate terms to us... manipulating US intelligence, the media, and people around President Trump to drag us into this war." He left his senior position at the National Counterterrorism Center because he refused to see more American bodies return home as part of Israel's agenda. "I promised myself I'd speak out if I could prevent unnecessary wars. I had to leave." Joe Kent confirms what many suspected: the influence is real and deep, and it has dragged America into another catastrophe.
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Mark Levin is out here demanding criminal investigations into the journalists and sources who exposed his stepson. The same stepson who should have his security clearance stripped yesterday if these “allegations” are true. He’s not demanding answers about 9 dead Americans. Not asking why his stepson allegedly rewrote embassy cables to cover for a foreign government. Not questioning why the State Department’s human rights report on Israel went from 100+ pages to 9 under his stepson’s watch. Nah, he wants to know who talked. And his hissy fit makes a lot more sense when you remember that Mark Levin is the man who has made millions being the loudest pro-Netanyahu voice in American media. The man whose wife ran legal for the Koch brothers’ $236M dark money operation, is currently general counsel of Stephen Miller’s America First Legal, and sits on a state advisory board that works directly with the Israeli Ministry of Defense. The same man whose stepson holds top-secret clearance and allegedly choked off U.S. intelligence to protect the Israeli government from accountability for killing American citizens. If David Milstein goes down, the whole house of cards comes with him, including Levin and his wife. And don't forget about the 53 senators who voted on September 29 to block a resolution requiring a State Department report on those 9 American deaths, the ones Milstein allegedly ran cover on. Every Republican except Rand Paul voted no, plus Fetterman of course who cosplays a Democrat. Senator Steve Daines literally told colleagues to vote no so we could “stand with our ally Israel.” Standing with an ally is not burying your own citizens’ deaths. That’s not an alliance, IT'S A COVERUP. Going to look into Daniels.... So, the embassy had the report and Milstein allegedly killed it. Thirty members of Congress wrote to Secretary Rubio demanding accountability and the compromised Senate said no. And the stepfather of the man at the center of all of it is on national television every night screaming about leakers instead of asking one single question about 9 dead Americans. If these allegations are true, and I whole heartedly believe them, Milstein needs to lose his clearance and be investigated for treason. Mark Levin needs to be investigated as well and his wife. The members of the Senate who are part of the coverfup of 9 dead Americans need to be held accountable. Thanks for coming to my TED talk.
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Mike Huckabee purposely hid an urgent message about Christian Churches at risk in Israel. He also concealed how many Americans were murdered by Israel in Gaza. He is a traitor to both Christianity and America. Perhaps, “Judeo-Christianity” really is a heresy.
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Yesterday, news broke that Mike Huckabee and David Milstein - Mark Levin’s son-in-law and Ted Cruz’s former staffer - have been concealing information negative of Israel and hiding it from President Trump and officials in the State Department. They have chosen to conceal or edit information that Israel doesn’t want Americans to know. This includes deleting cables informing American officials of how many Americans have been murdered by the IDF and warnings to American officials of Israel’s anti-Christian persecution, and their plan to shut down churches through economic harassment. In some cases they fraudulently changed the memorandums and reports to their opposite conclusions. For example, one draft had attempted to warn American leadership of famine conditions in Gaza, but it was re-written to praise Israel for food delivery to Gaza. Another criticized Israel for not stopping settler violence against Christians, but Milstein had edited it to make it praise Israel for stopping settler violence. The investigation included interviews with 15 current or former American diplomatic officials with direct knowledge of Huckabee’s embassy and also included receipts - memos and internal documents proving their accusations. Huckabee and Mark Levin both dismissed the reports out of hand, on account of the publication being “liberal.” Others rushed to assure the public that the investigation was “antisemitic.” This isn’t the first time that America has been betrayed by Jews and Christian Zionists on behalf of Israel. It probably won’t be the last. The question is why we stopped banning Jews from public service in the Middle East, considering the security threat related to dual loyalty. As Jonathan Pollard said, the Israeli spy that Huckabee lobbied to get out of prison for twenty years and who he warmly greeted at the American embassy, every Jew owes loyalty to Israel. This was repeated by Sheldon Adelson, whose widow is a huge donor to Ted Cruz and other Israel First politicians, who gave Pollard a ride back to Israel on their private jet to be treated as a national hero. Dual Loyalty is not an antisemitic trope. It’s too generous. Dual Loyalty implies that they have any loyalty to the United States at all. But is this the case? Loyalty is determined when two nations are at odds and interests diverge. Zionists are only loyal to the U.S. when our interests are the same as Israel’s. When in conflict, they choose Israel. The U.S. State Department’s internal guidelines reject nations from another nation, even if now American, from serving in their nation of origin. Why? The concerns over dual loyalty are real. Then why are we sending people for diplomatic service to Israel who consider Israel their spiritual homeland? Why are we trust people who believe that Jews are God’s Chosen people, to whom God shows ethnic favortism? If they truly believe that God will bless them for blessing Israel, we cannot trust them to be loyal to the United States if they are required to do something that could “curse” Israel. It is long past time to forbid either Christian or Jewish Zionists from serving in Israel. Our national security is at risk. Treason against our nation is bad enough. But concealing reports of Christian persecution? Treason against Christ, for Mike Huckabee, will invoke far tougher penalties from the Almighty than the punishment for treason under U.S. Law. At the end of the day, he has a God to face. And he’ll answer for turning a blind eye from wounded and vulnerable Christians on behalf of loyalty to a foreign, godless nation.
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I LOST MY TEMPER. WASHINGTON LOST ITS MORAL COMPASS.
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The first CryptoSwap market is live on Tangent! You can now borrow interest-free against the CVX/ETH LP token from @ConvexFinance 🦙 Initial $CRV incentives have been sent to the market to kickstart the show! Links & details below 👇
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🚨 TREASON IN THE U.S. EMBASSY IN ISRAEL: David Milstein, a top aide to Ambassador Mike Huckabee, covered up Israeli killings of American citizens and falsified embassy reports about Israeli settler violence. "Since taking up his post in April 2025, Mr. Milstein, 36, has repeatedly suppressed or significantly revised embassy reporting on Israeli activities to present the Netanyahu government in a favorable light." "Soon after arriving in Jerusalem, Mr. Milstein began insisting on approving communications from the embassy section that handles Palestinian affairs," "As settler violence in the West Bank surged in the spring, for instance, he stymied embassy reporting suggesting that the Israeli government was failing to take action," "When members of Congress pushed for accountability over the killings of Palestinian Americans by Israeli settlers and security forces, he suppressed a detailed report that the embassy staff had written, effectively stonewalling lawmakers’ efforts to gain information," People who interact with Mr. Milstein professionally "say he goes to unusual lengths to frame Israel in a positive light. He has blocked reporting from being sent, rewritten cables to deliver a different — sometimes opposite — message from the original, and delayed approving drafts until the topic was no longer relevant, these officials said." "Mr. Milstein also questioned several colleagues on whether they were “pro-Israel” or “pro-Hamas,” according to four officials," Mr. Milstein is the stepson of the right-wing radio host Mark Levin, a close ally of both President Donald Trump and Prime Minister Benjamin Netanyahu. - via The New York Times
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