I did my own investigation because I obviously don't trust them. What I found is that the external dependency of the firmware with the critical vulnerability hidden in it was written by CoinKite's CTO @DocHex pretending to be someone else. All of the following can be verified:

I just saw that Hyperliquid added a funding chart for each contract, where you can see the funding rate history and the cumulative funding paid over 3 months. That's useful, thanks! Cumulative funding paid over 3 months (not annualized) on each contract: SNDK: 3% MU: 4.5% SK Hynix: 15% (lol) S&P500: 0% XYZ100: 1.4% WTI: -4% BTC: 1.6% ETH: 1.7% SOL: 0.6% HYPE: 2.5%

Etherfi is now generating more revenue from Etherfi Cash (card) than all other verticals combined. Crypto cards are one of the best cash cow businesses in crypto (along with perp DEXs). I'm sure revenue streams for crypto cards & neobanks will 10x over the next 12–24 months.

bored on a flight. AMA PE, M&A, deal structuring, operational stuff, Mittelstand, AI in boring industries, tax structures that make your accountant nervous, how to not get fcked when selling your company, game theory applied to literally anything, European vs American business culture, why your restaurant is bad, or whatever else you want to know no topic off limits besides to my person. ask

6.7 million BTC are sitting in addresses vulnerable to quantum attacks yeah

iran's conditions for opening up the strait is _not_ simply the toll booth and _not_ simply for us to "stop attacking", it's far more comprehensive and something we'll never do

Imagine calling someone that 1) was brave enough to leave CeFi to use your product 2) Had the intention to use unholy amount of wealth to buy your shitcoin and support you "retarded". That's literally first rule of doing business. never, ever bite the hand that feed you.

This is now the largest oil supply shock in history in mb/d terms #MacroEdge

Temp Check for the Aave Will Win proposal has passed. This brings Aave Labs closer to a fully token-centric model, directing 100% of product revenue to the $AAVE token. Next step: refine the proposal with structural improvements for the ARFC stage based on community feedback. Aave will win.

Story Protocol ($IP) has generated just $2 in revenue over the past 24 hours. Meanwhile, its FDV is currently at $1,100,000,000.

For four years, BGD has played an important role in Aave V3’s technical development, and it is fair to say that Aave V3 would not be what it is today without their contributions. That Aave V3 has lasted this long in an ever changing industry is a testament to their dedication and craft. I, like many of you, am grateful for their work. On a personal level, this is the end of a long chapter. I still remember hiring Ernesto back in 2018, right after the ETHLend ICO. We were a small team with a big vision, and that spirit of collaboration is what made Aave what it is. That said, I respect BGD’s decision and I am sad to see them go. The DeFi ecosystem is better for having a team like BGD in it and I hope they continue to build and make contributions to the industry. Thank you, Ernesto and the entire BGD team, for everything you have contributed to Aave. I wish you the absolute best and hope we’ll cross paths again in the future. To the community, I want to be clear that Aave Labs has been here from day one, and we are not going anywhere. We have always built cutting edge financial technology from ETHLend, to Aave V1, V2, V3, and now V4. We've also built innovative mechanisms for several years including Aave's Safety Module, eMode, Flash Loans, GHO, and more. We will be here for the next decade pursuing the same exact mission. All Aave related smart contracts are running as intended and there is no disruption to the protocol and its operations. We have a team of 90 people dedicated to building, securing, and growing Aave and will take up any responsibilities required to guarantee a smooth transition. Aave V3, and every other part of the Aave protocol stack, will continue to operate as normal. We built V3 and will be happy to take on all maintenance work until a time that the DAO votes otherwise. We will do this alongside all the other talented service providers in the Aave ecosystem. It goes without saying, but I am also in favor of keeping BGD within the DAO on their proposed security retainer and will vote accordingly. Aave will win.

Introducing Ethena Exchange Points. Rewarding genuine trading activity on Ethena-powered exchanges @etherealdex @hyenatrade. 100m points distributed weekly per venue over six months. Rolling out now. Separate from Season 5.

"You were right about the dollar collapse. You were right about hyperinflation. You were right about being in assets. But you were wrong about one thing. It was Gold."

The problem with crypto media is that you can throw a couple shekels at Blockworks or any other crypto media outlet and they'll write whatever you want, while trad media publications like the Financial Times or any other semi serious publication would never accept this

This entity deposited ~$5M USDC into LLP around 9 months ago, split across 5 wallets, and received 9,999,999.60 LIT from the airdrop (~$26M) - a perfectly round number. This excludes LLP yield, which adds another $1–2M in returns. This represents 1% of total supply and ~4% of circulating supply. They used 5 different clusters and consistently split the LIT evenly across 5 wallets. Of the 9,999,999.60 LIT (~$26M) received, 2,760,232.88 LIT (~$7.18M) has already been sold since TGE. Check the screenshot for the full wallet list and supporting data. Main wallets used to deposit into LLP: 0x30cD78B301192736b3D6F27Bdad2f56414Eb6164 0x9A6D9826742f1E0893E141fe48defc5D61866caD 0x7c5d228B0EB24Ad293E0894c072718430B07Dfe3 0xc0562d68b7C2B770ED942D28b71Bc5Aa0209bbee 0xfdBf615eC707cA29F8F19B7955EA2719036044bf

People going to mass FOMO into Monad when they realize it's the last great L1 trade. Monad follows in the footsteps of Solana, Avax, Near, Sui, Aptos. Buying these early has always been a good trade. But Monad is possibly the last one. Tempo shaping up to be more of a corporate chain and less retail-focused. Base, on the other hand, might have a nice airdrop, but ecosystem is already developed and 20x or even 10x growth will be very hard. So Monad is probably the last great L1 where retail can get in at the bottom and ride it up as the ecosystem booms.

I lay out 10 reasons why I think quantum timelines are accelerating: 1. Governments are planning for a post-quantum world 2. Qubit counts are scaling rapidly 3. Investment in quantum firms is inflecting 4. Several major quantum milestones have been achieved this year 5. Quantum firms project breaking ECC by 2028-2033 6. The number of qubits needed to break crypto systems is dropping 7. Bitcoin is itself a bug bounty for quantum supremacy 8. Quantum is a race with geopolitical stakes like AGI 9. AI could accelerate the pace of quantum development 10. Credible people have revised their quantum timelines

SpaceX has now launched more mass to orbit since their first flight in 2006 than the rest of the US combined has for its entire history.

Today, we are proud to announce Multicoin Capital liquid fund’s investment in ENA, the native token for Ethena Protocol, the issuer of USDe, the leading synthetic dollar. Synthetic Dollars aim to generate yield and create stability by executing fully-collateralized delta-neutral trading strategies in financial markets. Ethena generates yield by monetizing the market’s demand for leverage via basis trade. The most exciting thing about Ethena for us is that it sits at the intersection of three powerful trends reshaping modern finance: stablecoins, perpification, and tokenization. 1. Stablecoins a) Ethena is the only synthetic dollar to have achieved meaningful distribution and liquidity outside of USDC and USDT. b) The true test of a synthetic dollar’s adoption is its acceptance as collateral on major exchanges. Ethena has succeeded in integrating USDe as a core form of collateral on major centralized exchanges like Binance and Bybit. c) Another unique aspect of Ethena's strategy is its mild negative correlation with Fed Funds rates. As rates fall demand for leverage in crypto generally increases leading to higher funding rates. We have seen a version of this playout in 2021 when the spread between funding rates and treasury rates widened beyond 10%. (chart below) d) Since inception, the protocol has generated close to $600 million in revenue — with over $450 million of that produced in just the past twelve months. 2. Perpification of Tokenized Equities & Fintechs distributing them to masses a) Perps are a big market in crypto. In a roughly $4 trillion asset class that is crypto, perpetual contracts trade more than $100 billion per day with an open interest of more than $100B across CEX and DEX. b) The global equity market is worth around $100 trillion — nearly 25 times larger than the entire crypto market. The US equity market alone is worth around $60 trillion. c) Just like in crypto, there is strong demand for leverage among equity market participants. This is evident in the explosive growth of 0DTE (zero-day-to-expiry) options, which are mostly traded by retail investors and account for over 50% of SPX options volume. d) Perpetuals are much easier for most investors to understand than options. We don’t expect perpetuals to replace the 0DTE options market, but they could capture significant market share. e) As crypto regulations turn more favorable, fintechs around the world should increasingly embrace crypto. Today, most non-crypto-native users can only access a limited set of crypto assets, and only in spot form. We believe this group represents significant untapped demand for leverage. f) We believe, as fintechs adopt crypto perpetuals, they will create a new distribution channel for these products, driving higher trading volumes and open interest, which in turn will expand the capacity and scalability of the basis trade that supports Ethena. 3. Tokenization a) Today, access to hedge funds that have the infrastructure to do basis trades at scale is reserved for accredited investors and qualified institutional purchasers. Crypto is rebuilding the financial system from the ground up, making such opportunities accessible to everyone through tokenization. b) In traditional finance, the closest parallel to tokenization is the ETF. Today, there are more ETFs than publicly listed single stocks in the U.S. ETFs package complex strategies into a single, tradable ticker that investors can easily buy, sell, or hold — without worrying about execution or rebalancing. c) Ethena is starting by tokenizing the basis trade — but there’s nothing stopping Ethena from diversifying its yield sources over time. Separately, the team has shown strong execution and risk management culture, and there is a line of sight to value capture for the ENA token. Team, Risk Management and Value Capture a) In our experience, Guy has proven to be one of the sharpest and most strategic thinkers in DeFi. The following quote stands out about his conviction in what he is building. “I quit my job to build Ethena a few days after Luna collapsed and hired the team a couple of months post-FTX.” – Guy Young, the founder of Ethena. b) They have survived the largest hack, Bybit $1.4B and the largest deleveraging event, October 10 crash, in the same year, and did not lose a single dollar. That is a testament to their risk management ethos, which in my opinion are probably the most important factor in running basis trade. c) There is a line of sight between now and fee switch activation and we believe that would be viewed favorably by the market. Conclusion To conclude, we believe that the opportunity for synthetic dollars is massive. Ethena sits at the intersection of the three largest forces shaping the financial markets: stablecoins, perpification and tokenization, each of which is a source of compounding for Ethena. They have demonstrated competence in risk management and there is a line of sight to value capture. We are excited to be in for the ride.