Tak retweeted
🎮 BETA IS LIVE!
Happy to announce - Matrix Bullet-Time Arena on
@ogprotocol
20+ enemies, 15+ weapons, 2 game modes, ranked
leaderboards, boss fights.
Aiming to compete with top OGP P2E games
💬 t.me/+dh1OPxxwBEs1MmNk
Tak retweeted
Solana keeps shipping 🚢🚢🚢
This week we welcomed back the biggest startup competition in crypto, as Solana builders entered the arena for @Colosseum’s Cypherpunk Hackathon, competing for $2.5M in prizes and funding.
We’ve got you covered with more Solana highlights from last week:
- The National Bank of Kazakhstan launched the first tenge-backed KZTE stablecoin on Solana, in partnership with Mastercard, Intebix, and Eurasian Bank
- @OSLdotcom rolled out USDC and USDT deposits and withdrawals on Solana
- @ParallelColony early access is now exclusively available on the @solanamobile Seeker for the next 3 months
- @0xfluid announced their expansion into the Solana ecosystem
- @louisamira announced that ATXP is live with Solana support
- @raikucom announced a $13.5MM raise, led by @PanteraCapital
- @meleemarkets announced a $3.5M pre-seed raise led by @variantfund and @dba_crypto
- Stablecoin supply on Solana reached a new ATH of $13.44 billion (h/t @Defillama for the data)
- @dflow and founder @niteshnath introduced just-in-time (JIT) Routing, a zero-to-one mechanism that optimizes trade routes during transaction execution so Solana users and traders get better rates
- The Solana Accelerate APAC tour was introduced and is coming to Beijing, Shanghai, Hangzhou, and Shenzhen this October
- @bulktrade raised an $8M seed round led by @robotventures & @6thManVentures to accelerate perps trading on Solana
- The total value of tokenized real-world assets (RWAs) on Solana surged to $671M, a new all-time high (source: @rwa_xyz)
- You can now register and use your very own .sol name to send and receive funds directly in @MetaMask thanks to @sns
- The Jump Firedancer team proposed SIMD-0370, which would remove Solana’s fixed compute unit block limit after Alpenglow, eliminating static caps on block limits and having validators skip blocks they can’t process in time.
- @altitude went live and is available for businesses in 150+ countries, giving businesses access to USD/EUR accounts, treasury management with yield, and cross-border payments, all powered by Solana
Many thanks to all of you continuing to push Solana forward through sheer effort. It doesn’t go unnoticed. Shout below if we missed something you shipped.
We’ll see you next week and at @SolanaConf Breakpoint Abu Dhabi in just a few months 🫡
Tak retweeted
Is it just me, or is Bitcoin getting too big for the seat it’s in?
$BTC Mcap is about $2.2T, and its security budget comes directly from its hashrate. The cost of 1 TH/s averages around $15, and with a total network hashrate of 960M TH/s, that gives Bitcoin a total security budget of $14.4B. That’s only 0.65% of Bitcoin’s Mcap.
By comparison, $ETH Mcap is about $540B, with 35M ETH staked. At ~$4,500 per ETH, its security budget is $157B, roughly 30% of its total Mcap.
But here’s the real issue: miners are the ones generating hashrate, and they secure Bitcoin. If mining isn’t profitable, there’s no reason for them to keep running their ASICs.
Today, 99% of miner revenue comes from block rewards (currently 3.125 BTC per block), but those rewards are trending toward zero with each halving. If nothing changes, miner revenue could fall by 99%, which would directly cut the hashrate by the same proportion.
Bitcoin is already too large for its current security budget but this would make it 100x worse.
Some will say Bitcoin’s difficulty adjusts with hashrate, and that’s true. But the bigger problem is that if BTC’s price keeps rising while its security budget shrinks, the incentive to attack the network becomes much greater relative to the potential reward. That’s what happens when the asset grows huge, but its security budget lags far behind.
I’m not here to spread FUD. This is a genuine concern, and it’s coming faster than most expect. It’s a conversation we need to have for the sake of Bitcoin’s future.
