Timk ๐๐ retweeted
"Watching @ilblackdragon build @NEARProtocol is a little like watching Elon Musk build SpaceX."
@Matt_Hougan on why NEAR is one of the most ambitious projects in crypto:
Timk ๐๐ retweeted
Billionaire investor Chamath Palihapitiya:
"We have to become economically viable to be independent foreverโฆ I think what that requires is extreme privacy and a monetary system that can be shielded."
privacy is bigger than just crypto
zcash:native near:native solana:ARXwZkNAtzPfdcoqQiduJn8EPv9fKiDfGn2KyggyDrFs ๐
Timk ๐๐ retweeted
NEAR is taking over @token2049.
Hereโs where you can find us October 6-8th.
NEAR is coming to @token2049.
A keynote and panel from NEAR Co-founder Illia Polosukhin, a happy hour, and a full day on quantum and privacy with @QuantusNetwork.
Singapore, October 6-8. Here's where to find us ๐งต
Timk ๐๐ retweeted
NEAR Intents attacker has responded!
the NEAR Intents Recovery Wallet (0xB18a1...C0e7) has received 1 BNB one hour ago (10:22 AM UTC) with a message in response to @AlexAuroraDev's 48-hour window:
> "Willing to cooperate, reply with your Signal so contact is possible."
the sender address (0x09Fd1...ad37) is tagged as "NEAR Intents Exploiter 1" on BNBScan and is one of the primary addresses identified by @zachxbt as belonging to the attacker -- used in the exploit
Alex offer is a nonbrainer. the attacker had two options:
A. refusing it and living in fear of getting caught
B. accepting it, collecting the bounty, and living free
there are just too many eyes on his onchain trails and liquidating the full amount would be extremely hard, with likely significant losses while doing so
by accepting the 48-hour window offer they can now collect a 5-10% bounty, claim cooperation (greyhat activity), receive legal forgiveness, and maybe even brag about the critical finding one day
it looks like @near_intents exploit will have a happy ending after all
kudos to the team for that!
We have identified you, sir.
Please return the funds to the following addresses:
Bitcoin: bc1qjhv3hu8rfteh5e8exfmalvx2z3pzlmjlgnzxey
BNB / Ethereum: 0xB18a1aEDfde8B70FD67012C9E9c7a088B4d0C0e7
Solana: AHTfKaeRcaK1sbSG8MFJS2uPxLBChfenigNtvbWEkhKD
You know better than most how responsible disclosure works โ this is the last window to use it. After 48 hours, that window closes.
Timk ๐๐ retweeted
I am old enough to remember the zcash:native โhackโ non event and what happened afterwards
Letโs find out what happens after the near:native hack non event
Timk ๐๐ retweeted
The future is NEAR.
Introducing $NRRโthe Bitwise NEAR ETFโgiving investors exposure to the emerging agentic economy.
$NRR is the first spot $NEAR ETP in the U.S. and offers in-house staking to maximize NEAR's ~5% staking rewards.*
Why @NEARprotocol?
โณ Built at the intersection of AI x crypto by foundational AI researchers: The team helped shape modern AI, and now they're building its transaction layer.
โณ Growing quickly: NEAR Intents has processed $32B+ in volume, up from under $1B a year ago.
โณ Designed for security: NEAR Intents settle cross-chain transactions through smart contracts to avoid the potential risks of centralized bridges.
โณ Made for scale: Transactions finalize in ~1.2 seconds and cost a fraction of a cent.
โณ Smart tokenomics: With a ~$6B market cap, NEAR's supply is fully unlocked, inflation was recently halved to 2.5% per year, and fees now fund buybacks.
Why in-house staking?
Staking in-house brings Bitwise's institutional expertise directly to NRR investing with transparency, security, and oversight.
As AI and crypto converge, the Bitwise NEAR ETF ($NRR) gives investors straightforward exposure to the network leading the charge.
Learn more at nrretf.com
Timk ๐๐ retweeted
Seeing a lot of confused posts from people who read that
> NEAR offers confidential balances
> NEAR Intents stopped the Bitget hacker's money
How can BOTH be true??
Easily. The door is public. The room is private.
Public: the deposit that puts money in, and the withdrawal that takes it out. Both are ordinary transactions on Ethereum, Tron or Bitcoin, visible to you, me, Arkham and every analytics firm alive.
Private: everything between those two events. Your balance, your trades, your routes, your counterparties.
Near SHIELD works at the door. It read a public deposit address, matched it against stolen-funds intelligence half the industry already shares, and declined. Nothing confidential was opened to do that. Being refused at a door tells you nothing about what is inside the room.
There is also a viewing key mechanism and a compliance council that can open one specific account when law enforcement brings evidence. It exists, it is documented, and it is not what stopped this. The money never got past the door.
Privacy that cannot tell the difference between you and the people who took $387M out of Bitget is not a stronger product. It is a lazier one.
Glad NEAR Intents froze part of the Bitget money. Not all of it, but a chunk with a path back to the people who lost it, and a much larger pile of attempted laundering that never got a quote at all.
Then I read the NEAR Intents write-up again and noticed it is not an operation report. It is a product launch, and the product is called SHIELD. Which is not new by the way, it caught the malicious Litecoin fork back in April.
Look at the shape of it. It names the system, lists its integrations, and pitches four audiences in a row. The part aimed at wallets is a compliance sell with a warning stapled on.
They could also have taken 5% of everything they froze, since Bitget put that bounty up publicly. NEAR Intents waived it, which maximises what goes back to users and, let's be honest, maximises the size of the announcement too. Both are true and I mind neither.
Because the product is genuinely interesting. Chainalysis, TRM and Elliptic sell detection. They tell you the money was dirty, usually once it is gone. SHIELD sits inside the venue, so it ships with a handle. It can refuse to quote, or stop a trade that is already running. Different product, different buyer: wallets, bridges, other venues, custodians, incident response firms.
So is this a new revenue line for NEAR? I hope so. I would like the team building it to grow, get funded properly, and keep being the ones called first when something goes wrong.
Timk ๐๐ retweeted
Bitwise published the final prospectus for a spot NEAR ETF. Ticker NRR on NYSE Arca, dated September 24.
Custody is Coinbase Custody. The trust stakes its NEAR and keeps about 67% of the rewards. That part is standard for staking ETFs now, Bitwise runs the same structure on Solana. The effect is still real - inflows do not only buy NEAR on the market, they also move it into staking and out of liquid supply.
When Bitwise wrote the filing NEAR was around the 27th largest asset by market cap with $272M of average daily volume. From now you can hold it in an ordinary brokerage account.
Timk ๐๐ retweeted
Confidential limit orders are now live on near.com, for any assets from any chain.
Set your target price. It fills automatically when the market gets there.
Your order waits out of public view.
Timk ๐๐ retweeted
100m in NEAR Bitwise ETP.
Gud milestone since launching it a year ago in Frankfurt.
A milestone for another of our European products: the Bitwise NEAR Staking ETP has passed USD 100 million in assets under management.
Thank you to our clients and investors, and to everyone building around @NEARProtocol.
๐๐ข๐ณ๐ฌ๐ฆ๐ต๐ช๐ฏ๐จ ๐ค๐ฐ๐ฎ๐ฎ๐ถ๐ฏ๐ช๐ค๐ข๐ต๐ช๐ฐ๐ฏ. ๐๐ข๐ฑ๐ช๐ต๐ข๐ญ ๐ข๐ต ๐ณ๐ช๐ด๐ฌ.
Timk ๐๐ retweeted
One common mistake traders fall prey to is bear market trauma. After a long painful bear market, people forget what bull market rallies look like.
Remember that we saw ETH go from $10 to $1,000 in 2017. SOL went from $2 to $250 in 2021.
Timk ๐๐ retweeted
NEW ATH
NEAR Intents did $300M+ volume in a single day.
In July 2025, $409M was the all-time total across the protocol. NEAR Intents continues to scale.
Timk ๐๐ retweeted
PERPS NOW CONFIDENTIAL BY DEFAULT
Open a position from the account you already use, and nobody can tell it's yours.
Only on perps.near.com/
Timk ๐๐ retweeted
For those who just (re)discovered $NEAR:
- Mission is all people own their assets, data and power of choice
- Vision is AI is the frontend, markets/blockchain is the backend
- Privacy is fundamental and enables the mission
- NEAR Intents is universal, private markets routed already $30B, integrated across all of onchain ecosystem from Ledger to ZODL to Metamask to Trust to Brave
- NEAR AI is private AI powering end to end encrypted inference in Brave, Venice, and more
- More products across ecosystem are developing to leverage AI x markets
- Apps in Web3 that donโt want to limit themself to one chainโs users use Intents to enable seamless connect by users of any chain
- near(.)com brings this whole vision together into a consumer product making private unstoppable liquidity and (soon) AI seamless
If you are using onchain and private products you are probably using NEAR.
And if you are struggling onchain - try near(.)com for seamless experience.
Timk ๐๐ retweeted
Tomorrow, my colleagues have a choice to make: American leadership, real consumer protections, and giving law enforcement the tools they need to address illicit finance, or drive the digital asset industry overseas, leaving consumers vulnerable, and sidelining American leadership knowing full well that no other country is capable of regulating this industry as well as the United States. The choice really is that clear. The Clarity Act is right in front of us and this moment wonโt come along again for years. Letโs take the win and get this done.
Timk ๐๐ retweeted
NEAR is driving privacy across blockchain and AI - itโs the basic need for people and businesses alike.
Timk ๐๐ retweeted
I bought a fat bag $NEAR today after seeing $ZEC rip again..
$ZEC is now worth around $13B.
$NEAR is still sitting near $2.5B.
and apparently more than $1.5B of ZEC volume has already gone through NEAR Intents..
so thereโs an actual connection between them now beyond the charts moving together.
Zashi uses NEAR Intents to let users swap $BTC, stablecoins and other assets directly into ZEC.
Intents collects fees from that flow, then uses the protocolโs share to buy NEAR and remove it from circulation.
last 30 days it did around $2.76M in fees and kept $557K as protocol revenue.
not massive for a $2.5B coin.. but finally something real to track.
NEAR has also cut inflation from 5% to 2.5%, the supply is fully unlocked and the fee switch is already live..
theyโre even discussing a sovereign fund that could eventually move NEAR toward fixed supply, but thatโs only a proposal atm so iโm not giving it any value yet.
the part iโm trying to figure out now is pretty simple..
if privacy keeps running and more people move money into ZEC, how much of that activity ends up becoming NEAR buybacks?
because NEARโs own chain revenue is still barely around $1.5K a day, and nobody needs to hold NEAR to use Intents.
so the token capture still has a lot to prove.
but with ZEC at $13B and NEAR at $2.5B, i think the gap is wide.. especially if Intents revenue starts moving with the ZEC volume.
Timk ๐๐ retweeted
$831,130,000 in longs has been liquidated in the past 24 hours.
Do not use leverage.
