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You'll be heartbroken as incredible narratives continue to get trounced by the Old Guard.
Cryptocurrency has already been solved.
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I've acknowledged Hyperliquid a number of times on Signal (the product works), while warning they would eventually get collared like Binance. That's already playing out, and it will only intensify.
The Holy Trinity is not a thesis, it's a Power Law. All coins/tokens, including $HYPE, sit in the bottom distribution. The more something tries to "do", the further they stray from the economic pinnacle.
By sheer logic, HYPE value can only be realized by swapping into The Holy Trinity, otherwise, nobody would fear supply dumps.
HYPE isn't even money on its own chain, USDC is. Meanwhile, Bitcoin and Ether were true pairings before stablecoins had any adoption whatsoever.
Tether is the true God of cryptocurrency, binding The Holy Trinity together. It sucks for the ethos, but that's the truth. Hyperliquid chose the lesser USDC.
Jeff is American. He's not going to jail for you.
Circle has more control over Hyperliquid than Hyperliquid themselves. They control the real Treasury. Regulators don't need to police frontends when they can direct stablecoin issuers to choke and freeze the entire platform's liquidity. The Layer-1 is irrelevant.
This is independent from Circle, they MUST comply. Laws and regulations change all the time: what's legal today might be illegal tomorrow. Further, there are salty competitors that will deploy the dirty lobby angle if they cannot compete on the product. Don't expect them to sit on their hands.
The old guard TradFi boomers don't like the crypto kids getting too cocky. You will either cut them in, or be cut down by them. Binance was easily collared by the US Govt.
When has regulation EVER been in the common man's interest? Hyperliquid will be allowed to exist under US Hegemony and grow at a pacing they dictate. Bulls cheered the Circle deal, missing that Hyperliquid erected its own golden cage.
"Neutral infrastructure" will fail when your foundation controls significant validator stake and Circle holds the kill switch on your Treasury.
The NO-KYC Perps oasis will not last forever, which was the original selling point of Hyperliquid. Once compliance gates go up, the thesis evaporates. Expect other jurisdictions to make demands next, as they play Simon Says after the USA.
Traders have zero loyalty to venues, look at history. Money is sticky, exchanges are disposable.
As I say, you should view HYPE like $BNB: a "stock", not a crypto. BNB is the most successful exchange token + Layer 1 + Layer 2 amalgamation in history, and it still sits in the bottom distribution against The Holy Trinity. Their current FDVs are already similar.
You trade altcoins for outperformance, not wealth preservation. The only reason why crypto is even a thing, and why we're even here, is $BTC $ETH $USD. They are the End Game assets for a reason. Everything else is really just Excel Sheets on AWS.
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Why do you always swear in every tweet? It doesn't even flow, you randomly insert it to be edgy.
I didn't see you call out @1inch, @Uniswap, and ETH Validators for "money laundering" when hackers dumped stablecoins for ETH during the BitGet hack.
You should disclose conflicts of interest: 1inch sponsors your podcast.
Stolen funds funnel through @RelayProtocol, where's the outrage?
What about @Chainflip, @symbiosis_fi, @trondao, and @solana?
ETH can't be frozen. You think money laundering can't happen from ETH?
Cheering on "warning shots" from three-letter agencies without due process is a dangerous precedent, nevermind crypto at all.
If you comply with press releases demanding you track and block "derived" addresses out of fear, they can weaponize that precedent against anyone, for anything.
Do you support @rstormsf's prosecution too? Remove @TornadoCash and another would pop up. But you'd still be left with draconian laws where writing open source software or running a node is punishable by law if a criminal uses it.
The @ethereumfndn is shifting towards privacy, are we all criminals now too?
@Bybit_Official got hacked. Blame ByBit. If you remove Thorchain entirely, you're still left with ByBit getting hacked.
@bitget got hacked. Blame BitGet. If you remove Thorchain entirely, you're still left with BitGet getting hacked.
@binance got hacked. Blame Binance. If you remove Thorchain entirely, you're still left with Binance getting hacked.
And people are delusional that stolen funds can't be successfully laundered with or without @THORChain
Did people think "money laundering" only happened after Thorchain or something?
Crypto had its kickstart when Bitcoin was ADOPTED BY CRIMINALS on the Dark Web.
CEXs themselves are the largest facilitators of actual money laundering because they deal with FIAT CURRENCY.
Thorchain transactions are fully traceable. The actual cash-out has not occurred until they reach fiat at CEXs and OTC Brokers.
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What exactly can "law enforcement" do? Nothing, except hunt the little guys.
Financial crimes are not considered Acts of War, so nothing will ever be done politically because governments hack each other all the time. It's fair game.
As a coping mechanism, the crypto industry blames the next entity four pipelines down, like Thorchain.
Y'all know another Protocol would simply replace Thorchain if they didn't exist, right? They exist literally right now.
North Korea terrifies everyone because there's no defense. You'll wait your turn to be exploited.
What have the menagerie of Security Researchers in crypto actually achieved? "Triple-audited" is now a meme. Superior threat actors run laps around you time and time again.
But there's this mirage of "crypto security" because people need to justify their existence, and jobs. The reason why it fails is you can't secure an infinite attack surface architecture.
There are a few wonderful people, of course, but my argument is sound. You can't secure the fundamental attack surface.
Cryptocurrency is an excuse to acquire more Bitcoin, Ether, and USD. That's the truth. Everything else is seductive theater.
We've already solved Censorship Resistance and Store of Value (Bitcoin & Ether). But ~99% of projects and this industry can't exist if we simply rallied behind The Holy Trinity.
And by the way, what's the difference between a hack, exploit, and getting assblasted by a -99% slow bleed from "legit" founders?
@laurashin launched a pumpfun token in 2025 that's now down -99.99%, why didn't you mention that?
Virtual Signalling.
At least with a hack/exploit people can move on with their lives immediately.
None of the OGs who pushed the Bitcoin price up (that y'all should be grateful to) signed up for this muh decentralized ---> hacked ---> omg pls government help us
"Not your keys, not your coins" applied specifically to CEXs. A widow's peak comes to mind.
SKILL ISSUE.
I'll see y'all on the open markets, Pareto.
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WHY HACKS AND EXPLOITS ARE BULLISH FOR CRYPTO! (srs)
I do not support threat actors or crime, I'm simply discussing economic game theory.
Any time a hack or exploit occurs, threat actors become a guaranteed supply sink due to extreme friction to cash out.
Because North Korea steals crypto at a rate quicker than they can launder it, they become involuntary holders. It's not "diamond hands", their hands are deleted.
The first thing they do is race to dump everything for BTC/ETH. They have no choice. Altcoins have zero laundering liquidity (most have admin keys too), and stablecoins will get frozen. Only native BTC/ETH guarantee strong censorship resistance and can't be frozen.
Thus, everything is parked 100% in native BTC/ETH while they wait in line for laundry day. Yes, even Nation States must wait their turn.
Suppose North Korea wanted to dump BTC/ETH at once, they simply can't. There's nowhere near enough liquidity on the underground network.
And when CEXs are complicit in the money laundering (they certainly are), it needs to be done slowly, in tranches, to maintain the illusion of plausible deniability.
The underground networks run on working capital turnover, not deep order books. Think of it like recycling the same 10M - 50M USD clean float over and over again.
Next is trust, North Korea can be rugged by other threat actors too. Ping-pong tranches, escrow, reputation, act as throttles and safeties.
Compare that to 1,000,000 Joe Schmoes with their individual hopes, dreams, and price targets, who have access to clean liquidity + OTC. Joe Schmoe will certainly sell: he needs a new house, new car, another vacation, a renovation.
Would you rather experience sell pressure from 1,000,000 Joe Schmoes (who must sell) or 1 North Korea (heavily throttled)?
If we're discussing sell-friction, we can break it down to 3 categories:
1) Joe Schmoe
Desire to sell = High (life expenses, houses, taxes, panic)
Friction to sell = Low (one-click)
2) HODLers
Desire to sell = Low (until a life emergency or retirement)
Friction to sell = Low (one-click)
3) North Korea
Desire to sell = High (govt funded programs)
Friction = Extreme
CEXs making users whole after a hack is the RARE exception. The norm is CEXs filing for bankruptcy because they can't cover the hole, and users take 100% of the hit.
REKT CITY™
And that says nothing for the second or third exploit. Can CEXs continue the bailouts to cover the hole, forever? Especially in the age of AI-assisted hacking. The architecture has a massive attack surface, by the very nature of the business model.
Time is ticking.
That is why North Korea continues to sit on a mountain of BTC/ETH, only able to slowly drip it out for USD on the black market.
All hacks and exploits are indirect price pumps for The Holy Trinity of BTC • ETH • USD
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Women remain one of the strongest bear flags in crypto.
Notice how there were only ~3.5 women in 2017, now there's thousands.
That's because they're herd animals who only act when it's socially acceptable.
(If you're still confused, think about water bottles)
For your portfolio, it's a death knell because it means you're very, very late.
Govern yourselves accordingly.
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A $588,000 Grant Request is pure grift. This isn't some financial summit, you're literally at a porn convention packed with degenerates.
If you've been in crypto long enough, you'll remember the Verge & @Pornhub partnership.
XVG is down -99% today.
Conferences, meet-ups, and partnerships are always bear flags.
People used shilled Bitcoin & Ether at zero cost because they believed in the ethos.
We actually lost money because crypto was sent out for free during onboarding. There was passion independent from personal gain.
Nobody was delusional to think Joe Schmoe would pump Bitcoin. We wanted to change the financial system.
(How naive we were)
I won't comment on who people choose to be but understand that markets are finnicky and optics are important.
You cannot convince people of your politics and ideals when they simply care about getting rich. If you spook them, they'll just leave.
Study Nike and Bud Light to see how it went.
By the way, the vast majority of $ZEC users don't know how to remain private. It's @chainalysis wet dream. Some would say it's by design.
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If you had your data leaked by @KeystoneWallet, Skill Issue.
You are simply a weaker investor.
If both Apple or Google are vulnerable, literal whos among literal whos in a niche of a niche like cryptocurrency, will certainly get assblasted.
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The most racist people to Indians, are actually Indians themselves.
You have a caste system and treat your own people very poorly.
And then you act surprised when even the highest caste Indian is a literal who in the West.
Nobody is impressed, or cares.
What people actually care about is your behavior abroad, reinforced time and time again.
• And your lack of assimilation despite leaving India.
• And your delusional gloating despite leaving India.
• And your scam culture both abroad and back home in India.
• And your rape culture both abroad and back home in India.
• And your lack of respect for public cleanliness both abroad and back home in India.
"Racism" is not an argument in and of itself, it's a dismissal to not address the "why" it happens.
Notice how people don't complain about Japanese foreigners? Westerners envy how civilized Japanese society is.
How about Singapore? Do people complain about them? No, they are a success story.
People are fed up with certain people after a long period of noticing.
The Noticers have arrived.
I know a kind, hardworking Indian guy myself. He relinquished his Indian passport because INDIANS treated him very poorly.
His crime? He is a "Dark Indian" and I know you medium-brown Indians hate that.
Unironically, he is rich now so last laugh kinda thing.
Why don't you address your own racism first?
Nobody wants to go to India, but you all want to come here. Then you whine and complain when actions have consequences. As if we should put foreigners over our own citizens.
Racism is simply adopting the Indian standard. Whenever someone leaves their own country in search for another, they already admit their own country is inferior.
In the future, "racism" will be proudly worn as a badge of honor because people will stop caring. It's happening already.
People coopted the word "racist" to mean "hatred". But pointing out cultural incompatability doesn't mean you hate anybody.
You'd be amazed at humanity's propensity to make individual exceptions for those who do not act like barbaric cavemen in 2026.
If there are enough exceptions over a very long time frame (think decades), then consensus will shift. But that is on India, not us.
Most people do not go out of their way to hate anybody, they just want to live their lives without friction. Life is difficult enough for many citizens as is.
They don't call 'em Europoor for nothing.
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CT Consensus strikes again.
You want to get rich huh?
Pay attention.
You will never win as a team. You will die together as a unit though.
Be honest with yourself:
It's 2026, and you still haven't made it.
Temper your own hubris, first. Your own brain has failed to lead you to success, yet you still flap your lips with such confidence.
Your same brain now has a brilliant plan to dig itself out of the very hole it has dug for itself in the first place.
The simulation has not changed:
1) How many people know about it now?
2) How many people will know about it later?
Now donkey shitters can pump, sure, but I avoid subjecting myself to musical chair turmoil--opting instead to hold strong assets that I know will be coveted. KOLs are supposed to be your exit liquidity, I don't know when this got reversed.
If your reaction to people shilling your tickers is not anger, you're holding a donkey shitter. The timeline to accumulate strong assets is FOREVER until critical mass occurs.
And when those strong assets mature, you release them into the wild because you are a fool to challenge Pareto.
The "market" is a mirage. You're really just battling yourself.
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It's amusing that there will be 1M+ views on this post and nobody has a clue what actually determines this hierarchy.
A man doesn't decide this.
Attractive white Western women do.
Why? Pareto.
If you consider it deeply, nearly everything a man does in life traces back to family or sex. And attractive white Western women are the S-Tier sexual gatekeepers on planet earth. It's not close.
If it makes people feel better, they can blame a century of Hollywood conditioning from the sole superpower: USA.
Therefore, what THEY find attractive is what truly determines global hierarchy.
If you view squiggly's list through this lens, the REAL order becomes obvious without me stating it explicitly: it should rank strictly by cultural crossover into the Western mainstream, which then gets validated (or dismissed) by attractive white Western women.
In many cultures, simply having a white girlfriend is the ultimate status peak for a man, extending far beyond wealth, fame, or power. They have "ascended".
Think about why.
It's exponentially more difficult to sleep with them compared to all other women. At any time you can be competing with literal CEOs, rockstars, and 6'6 homeless chads with chiseled jaws that can cut marble.
Attractive white Western women have the largest simp armies as well, and dominate the gooner rankings.
Inb4 muh sigma male.
If you could, you would, but you can't, so you settle. They don't call 'em arm candy for nothing. There's an unspoken nod of respect from other men when you're surrounded by the most beautiful women. It's soft power.
The reverse is also true: Western men are ridiculed when recusing themselves from the dating pool in search of women abroad, hoping to find greener pastures. It's Passport Bro cope.
Even on the beauty side, skin bleaching is a multi-billion-dollar industry globally. Fortunately or unfortunately, Eurocentric standards have already been hardwired into the global subconscious.
If we're discussing an economic hierarchy, then China tops this list but gets steamrolled by the West. It's not close either. Anybody who thinks China will pull a fast one over Western powers will learn just how ruthless the old guard in power will get to maintain their dominance.
And by the way, China was literally saved by the West in WW2. I'll see you muh China bagholders in the markets.
There is a reason that despite Asians having very high IQs (bested only by Ashkenazis), and being extremely successful people in their own right, they fail to innovate without a blueprint from the West. Confucius also set them back at least 1000 years.
Asian culture is rooted in filial piety to family and the state, while the West adopts independence as a foundation. That grit cannot be matched as a man.
And white Western women are heavily attracted to those traits.
We've come full circle.
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Good Saturday, you bagholding donkeys
The simple display of a targeted ad is enough to infect your phone. Its ZERO-CLICK.
muh Tangem, muh secure app, muh xrp to $100, muh kas to $100, muh muh muh
citizenlab.ca/research/how-d…
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Tangem appeals to the lowest common denominator in crypto, that's why it's filled with bagholders from $XRP $KAS and affiliates paid peanuts to shill.
I will make it simple for people to understand today.
In December 2024, @Tangem had a critical vulnerability where its mobile app wrote users' PRIVATE KEYS into logs that got attached to support emails. They deleted early warning posts on Reddit.
Inb4 "muh seedless, muh safe", yes, your keys never touch the app. Your TRANSACTIONS touch it every single time. The attack vector is the APP ITSELF and the OS it runs on. Read on.
Tangem's Nirvana Fallacy is: seatbelts have occasionally failed, therefore remove seatbelts.
Ledger/Trezor clear-signing bug: worst case, the screen lies about transaction parameters.
Tangem's design: the (phone) screen can lie about transactions as the permanent baseline.
>"Hardware Implant"
Physical implants predate Bitcoin. They are device agnostic. The phone on which Tangem's app runs could have an implant too, what then?
"Tangem Genuine Check" was exploited by Ledger already. Counterfeit Tangem Cards are not just theoretical:
ledger.com/tangem-genuine-ch…
>"Clear Signing Bugs"
Clear-signing bugs are a failure of a layer Tangem doesn't have at all. Tangem signs whatever payload the app hands it, every time, by design.
Car airbags have defects, even from Toyota, the most reliable car manufacturer that exists. Tangem's solution is to remove airbags altogether.
Both Ledger and Trezor vulnerabilities are routinely patched.
You can never patch your laser vector:
donjon.ledger.com/blog/bypas…
Or tearing vector:
ledger.com/blog-brute-force-…
...because there's no update channel for users.
Your security page still advertises resistance to "fault injection attempts". Donjon's laser attack IS fault injection. It works and it's unpatchable by you.
[Eureka Moment]
@Ledger and @Trezor clear signing bugs were discoverable BECAUSE the trusted display can be audited against what it signs.
In Tangem's model, there's nothing to audit. Read that back slowly because it's easy to miss. It's evidence the architecture is testable.
Ledger/Trezor is like bank that publishes audited accounts. It will occasionally have an auditor find an error:
1. Construct a transaction.
2. Record what the device displays.
3. Record what the device actually signs (the signature reveals exactly what was signed).
4. Compare the two.
Tangem is a bank that keeps no books. Therefore it will never have an accounting error found:
1. Construct a transaction.
2. Record what the app displays.
3. Record what the card signs.
4. They differ: the app showed one address, the card signed another.
In Tangem's case, there's no vulnerability because Tangem never promised those two things should match. The card signs whatever payload the app hands it. The system is working exactly as designed. It's the default behavior for a compromised OS.
>"And more hardware components can introduce more attack vectors."
So your solution to a purpose-built trusted display driven by minimal firmware (Ledger/Trezor) is a whole ass smartphone, running a full OS, with millions of lines of code and attack vectors.
Genius.
>"muh security hardened app"
You never replied to my original post here because you can't:
xitter.cf/HalesFall/status/20767…
Tangem was also audited by Riscure in 2023, yet you still got smoked by Ledger later:
tangem.com/en/blog/post/tang…
Not even Apple or Google can defend an app from a kernel-level exploit on their own OS, that's why Ledger/Trezor don't try. They verify OUTSIDE the blast radius. Your "hardened app" lives inside it.
[Latest Exploits]
See the videos attached, there's tons more I haven't included. You have neither the money, resources, or expertise to defend from OS exploits. How many of your users are even using Pixel 8 series and later, or iPhone 17 series and later? That matters greatly too.
Your "app" layer is dead-on-arrival. Ledger & Trezor provide mitigation where you cannot.
Tangem is more akin to a software wallet because it implicitly trusts a compromised OS. The secure element is theatre since the card will sign anything passed to it.
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If Gen Z "is so dumb", the fault lies squarely with the previous generations who failed to lead.
This extends far beyond this video, but societal development as a whole.
There's always this perverted "pull the ladder up" philosophy when it comes to boomers. They get off on watching younger folk fail.
Laugh now, retribution will be meted out later. And don't be surprised when your kids go no contact.
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We're up many green candles since this Article was published whilst everybody else is getting rekt.
And I'll pull a silent 10,000x - 100,000x price pump in front of your face.
Heavenly Busted.
I have no need to share the ticker with you. You greatly overestimate your own importance.
You're useless and can easily be replaced by stronger investors who see the same things I do.
On a technical level, it's a killshot to two established protocols. I'm genuinely impressed.
My tentative goal (factors may change) is to seize a dominant supply stake and airdrop it to our own Division Ranks (Empyrean - Dawn). Rank matters greatly.
This way, our ecosystem can have its own pet blockchain.
And why not?
It doesn't challenge The Holy Trinity at all.
My dream is to resurrect "priced out" for that Memory Lane Nostalgia.
It's not enough that my enemies should fail, their leprosy hands must not hold the same assets as me.
SHA256 HASH:
d14c92892558c64779b098b28a9b894921f5c9c45bb47859350a6fcd108a2aa7
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You're wrong and should speak more softly.
Never take advice from CT:
xitter.cf/HalesFall/status/20904…
