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$INIT :Enshrined Liquidity (EL) vs Traditional Staking Models What is Enshrined Liquidity (EL)? Enshrined Liquidity (EL) is Initia’s innovative mechanism to secure the network. Unlike traditional Proof-of-Stake (PoS) systems, where validators lock up tokens to participate in securing the network, EL ties economic security directly to the liquidity provided by participants. This liquidity is placed in pools where it can be used by the network but is still accessible for staking rewards and network participation. In EL, the system ensures that liquidity is not just used for staking but actively contributes to the network’s growth and security. Essentially, liquidity providers become an integral part of securing the chain while also being incentivized to provide liquidity. Traditional Proof-of-Stake (PoS) Systems In a traditional PoS system (like Ethereum 2.0, Cardano, or Solana), users lock up their tokens to become validators. These validators then participate in validating transactions and securing the network. In return for this, they receive staking rewards (usually in the form of the native token). The idea is that the more tokens you have staked, the more trust you have in the network’s success, and the more likely you are to act honestly. If you misbehave, you can lose your staked tokens (a process called slashing). The key difference here is that traditional staking requires the tokens to be locked for a specified time, and liquidity is essentially "frozen," meaning it cannot be used elsewhere while it’s staked. Key Differences Between EL and PoS Liquidity Usage and Flexibility: Traditional PoS: The tokens are locked up for the duration of the staking period. Validators cannot use them for anything else (like trading or participating in DeFi activities). Enshrined Liquidity: Liquidity providers can still access their tokens, but they are tied to securing the network in a way that allows them to be used effectively within the system. This means that liquidity is more fluid and doesn’t come with the same locking restrictions. Economic Security: Traditional PoS: The network is secured by validators staking tokens, which provides economic incentives to act honestly. If the validator acts maliciously, it risks losing its staked tokens (slashing). Enshrined Liquidity: Instead of relying solely on staked tokens, EL relies on the liquidity provided by participants who have an ongoing incentive to maintain liquidity within the ecosystem. This adds a more dynamic layer to the security mechanism, as liquidity is more directly linked to the success of the ecosystem and market forces. Capital Efficiency: Traditional PoS: PoS tends to require a significant amount of capital to participate as a validator (the more you stake, the higher your chances of earning rewards). Enshrined Liquidity: By linking liquidity provision with security, EL can increase capital efficiency. Liquidity providers might not need to lock up as much capital upfront while still contributing to the network’s success and receiving rewards. Incentive Structure: Traditional PoS: Validators earn rewards based on how much they stake and their uptime as validators. Enshrined Liquidity: Liquidity providers earn rewards from both staking and liquidity provision. They’re incentivized to maintain the liquidity pool, which contributes to the overall health of the network, and can participate in network governance and decision-making. Advantages of Enshrined Liquidity (EL) Greater Flexibility for Users: EL allows liquidity providers to participate in network security without needing to lock up their tokens entirely. This flexibility might encourage more participation, as users aren’t penalized by illiquidity. More Dynamic Network Security: With liquidity constantly flowing in and out of pools, the network might experience a more resilient security model. The liquidity pools become a kind of “living” system that adapts to market needs and conditions, potentially avoiding the “centralization of staking power” seen in some PoS systems. Incentivizing Market Participation: Since EL directly connects liquidity to network security, it encourages a more holistic and active form of market participation. Liquidity providers are not just staking, they’re also involved in ensuring that the network has the capital it needs to run smoothly and grow. Challenges and Considerations Liquidity Risks: With EL, there may be risks if liquidity providers suddenly pull their liquidity out of the pools. This could lead to network instability or reduced security if not enough liquidity is available to protect the system. Balancing rewards with penalties for pulling liquidity will be important to mitigate these risks. Complexity for Participants: EL introduces a more complex system for users compared to traditional PoS staking. Users need to be more engaged in the mechanics of liquidity provision and might need more sophisticated understanding to navigate the system effectively. Market Volatility: Since liquidity is tied to market forces, changes in market conditions could potentially affect the availability and stability of liquidity pools. This could lead to a more volatile staking and liquidity environment. In Conclusion: The introduction of Enshrined Liquidity could offer a more flexible, dynamic, and capital-efficient alternative to traditional staking mechanisms. By tying liquidity provision to network security, Initia may be able to attract a more diverse range of participants and build a more adaptable and resilient blockchain. However, as with any novel concept, its success will depend on careful balancing of incentives and managing the risks associated with liquidity volatility.

U.S. Congress accelerates encryption legislation, aims to complete by August U.S. lawmakers returned to Congress after the Easter recess and made crypto legislation a priority, aiming to complete the stablecoin and market structure bill before the August deadline set by President Trump. The House Financial Services Committee and the Agriculture Committee will hold a joint hearing on May 6 to discuss the blueprint for digital asset legislation. The Senate is also integrating the 2022 Lummis-Gillibrand Act and the FIT21 Act. (Crypto In America)

Top 20 Meme Coins That Could Make You a Millionaire in 2025! (The Crypto Revolution You Can't Afford to Miss) 1. Dogecoin (DOGE) 🚀 The king that started it all — powered by Elon Musk’s memes and dreams. Still strong, still loved. Don't underestimate the OG! 2. Shiba Inu (SHIBA) 🐶 From joke to a full DeFi ecosystem. When a community believes, miracles happen. 3. Pepe (PEPE) 🐸 The internet’s most viral frog. Power of culture meets the power of blockchain. 4. Floki Inu (FLOKI) ⚡ Backed by the Viking spirit and massive projects in metaverse and DeFi. Floki isn’t just a meme — it’s a movement. 5. Dogwifhat (WIF) 🎩 Solana’s meme king rising fast. Sometimes, all you need is a hat... and a dream. 6. Bonk (BONK) 🦴 Solana’s community-favorite meme token. Woofing towards mass adoption! 7. Brett (BRETT) ✌️ The feel-good meme we all needed. Vibes > Hype. 8. AIDOGE (AIDOGE) 🤖 Where memes meet Artificial Intelligence. The future isn't just smart — it's funny too! 9. Turbo (TURBO) ⚙️ AI-generated meme coin that shocked everyone. Creativity and tech fused perfectly. 10. MOG (MOG) 👑 Meme Overlord Governance — and yes, it’s as powerful as it sounds! 11. Hoppy (HOPPY) 🐸 Chill, relaxed vibes with a growing loyal army. Sometimes slow and steady wins the race. 12. Coq Inu (COQ) 🐔 The rooster that refuses to quit. 13. ACX (ACX) 🌉 Across Protocol's DeFi bridge, combined with meme energy. Real utility + Memetic power = Explosive growth. 14. Pork (PORK) 🐷 Silly? Maybe. Profitable? Sometimes the wildest bets win the biggest! 15. Jewel (JEWEL) 💎 GameFi meets DeFi. The hidden treasure most haven't even discovered yet. Early believers are the future legends. Choose wisely. Act boldly. Think long-term. Because tomorrow’s millionaires aren’t waiting — They’re building their legacy today. ⚡

Caitlin Long, the CEO of Custodia Bank, said the Federal Reserve tricked the public by pretending to ease up on crypto rules but actually keeping the most important anti-crypto restriction alive. Caitlin posted a detailed thread on X Sunday explaining that while the Fed made noise about scrapping four pieces of anti-crypto guidance, it left one major piece in place. This surviving policy, she said, was issued alongside the Biden White House’s anti-crypto statement back on January 27, 2023, and it still blocks banks from touching crypto in any real way. Caitlin said the guidance left untouched does three main things. First, it blocks banks from holding cryptoassets as principal, meaning they can’t even pay a small gas fee. Second, it stops banks from issuing stablecoins on permissionless blockchains. Third, it keeps a clear preference for permissioned blockchains — ones controlled by big banks — even though the OCC and FDIC dropped that idea. Caitlin said, “The Fed has maintained a regulatory preference for permissioned stablecoins,” warning that this creates a first-mover advantage for big banks’ private stablecoins before the broader stablecoin bill becomes law. Fed favors big banks while stifling crypto custody Caitlin said the Fed’s refusal to let banks deal with crypto directly has bigger consequences than most realize. Not only does it block Wall Street banks from making markets in major tokens like BTC, ETH, and SOL, but it also screws over banks trying to offer crypto custody. Caitlin explained that crypto custodians usually need to estimate gas fees ahead of time. If the estimate is too low because network fees spiked, the transaction would fail. In the current setup, a bank acting as a custodian can’t pay the missing amount, which would force the transaction to die. This issue grows even messier because custodians often split up large crypto holdings into smaller pieces to manage risk better. Every split means new on-chain transactions and more gas fees. Caitlin said that since banks can’t pay those fees directly, the whole process becomes too risky, discouraging them from offering crypto custody services at all. In short, the Fed threw sand into the gears for banks looking to seriously work with crypto. Caitlin summed it up by saying the Fed effectively handed big banks a head start in launching permissioned stablecoins while making it harder for others to catch up once the stablecoin market fully opens. She added that this maneuver gives Wall Street giants an advantage now, before Congress passes the stablecoin law that would remove the Fed’s preference for permissioned systems. Fed hides real actions while White House cheers Caitlin criticized the Fed’s public relations stunt. She said the Fed made a big deal about all the rules it rolled back but never mentioned the critical one it kept. “The Fed definitely won on PR spin,” she wrote, adding that even smart people got fooled. She warned that now that people know the truth, they should be furious. She said the White House praised the Fed’s actions, clearly unaware—or pretending to be—that the worst policy stayed. Caitlin said this raises questions about what the White House expected from the Fed, what the Fed promised, and how the relationship between the two might be shifting. She said most media outlets have talked about brewing fights over interest rates, but almost nobody is covering the growing tension over bank regulation. Cynthia Lummis, the head of the Senate Banking Committee’s Digital Assets Subcommittee, was not tricked. She called the Fed’s move “lip service” and made it clear she wasn’t buying the act. Cynthia, who has serious power over digital asset rules in the Senate, could take steps to fix what she called a “deceptive maneuver.” In her own post on X, Cynthia added, “Unlike the OCC and FDIC, the Fed STILL uses reputation risk in bank supervision.” She also said that the same Fed staffers who pushed Operation Chokepoint 2.0, the infamous Biden-era effort to pressure banks away from controversial industries, are still the ones handling crypto policy today.

🇰🇷STARLINK CLEARED FOR TAKEOFF IN SOUTH KOREA Starlink is officially on its way to South Korea, bringing high-speed internet to remote villages, oceans, and airplanes — all thanks to a law tweak and some government paperwork. After a revision to the Radio Waves Act and a deep dive into Starlink Korea’s plans, officials say the service could launch as early as June 2025. This comes as Korea races to catch up, planning to launch two homegrown satellites by 2030 to compete in a market expected to hit $550 billion globally by 2040. Meanwhile, sailors stuck watching buffering screens on ships will finally get video calls and Netflix without the dreaded spinning wheel. Source: The Korea Times