I just dumped my entire $HYPE and $NEAR position, I will explain why in my essay "Reality Test" dropping next Tuesday.
TLDR:
- Higher energy prices due to Iran war and inventory restocking
- 3 Mega AI IPOs between now and early Q3
- Prediction that Trump goes anti-AI to win mid-terms for Republicans
- I think highs in mrkts will happen btw now and September
- Time to take profit, and two-step in beefa without worrying about my positions
Loofta, a zypherpunk hackathon winner, just launched an abstracted off ramp experience for Zcash into your favorite FinTech app.
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Let me tell you what happened in the $WLFI x Justin Sun saga so far:
At the first unlock of $WLFI tokens, Justin Sun sent part of his newly vested tokens to his own exchange HTX. “Test transactions” he said, whatever that might mean. Then he offered the WLFI presale investors, who just had 20% of their tokens unlocked, high yields on their tokens on HTX to lock them up for a certain amount of time. While retail did this and locked up their tokens, Sun allegedly sold tokens on the back-end of his exchange, and wanted to sell the tokens of HTX users too. This way he could cash out his vested tokens (which he said he would not) and have an early payday for his unvested tokens. He would then, when more $WLFI tokens got unlocked, fill the hole in user funds on HTX by his own future unlocks of WLFI tokens.
The WLFI team allegedly ‘got notified’ about what was happening and claims to have backlogs of it. They then froze his wallet based on that they believe Justin Sun breached his contract.
What really happened, or what was in the contract, we don’t know yet. But this is what allegedly happened. Sun never really gave much explanation. I think he tried to fix it behind the scenes.
But now Justin Sun acts like he did nothing wrong and the WLFI team randomly froze his wallet “without cause”.
The WLFI responded that they’ll meet him in court. To be continued.
The $TAO dump wasn't a rug. It was a response.
The real story behind the $TAO dump is finally out and it has nothing to do with a team going rogue.
Jacob Steeves, Bittensor's co-founder, unilaterally:
1. Paused emissions on Covenant AI's subnets, killing their revenue
2. Stripped their control of their own community channels
3. Declared their infrastructure deprecated
No vote. No Senate approval. No transparent process. Just one man's decision.
So what did the Templar team do?
They sold 37k $TAO worth $10M on the open market.
Not a rug. A message.
When a foundation can pause your revenue, silence your community and deprecate your work overnight with zero governance what exactly did you build on?
Not a decentralized protocol. A landlord's property.
This is the centralization tax every builder in crypto eventually pays.
The question isn't why Templar dumped.
The question is: why does a decentralized AI network still have a single point of human failure?
$TAO holders deserve an answer.
@ArindamPramnk Still holding my #OLA Electric from 100+ avg, now averaged down to 55. Not selling a single share. Diamond hands through the bloodbath
This EV beast is just waking up. See you at 100+ again.
On April 7, the U.S. Department of Justice (DOJ) formally rejected the application by Tornado Cash developer Roman Storm to dismiss his criminal case.
The U.S. Attorney for the Southern District of New York argued that the Tornado Cash developer was aware of the illegal activities and failed to intervene, and that the service lacked substantial non-criminal use.
Anthropic leaked 512,000 lines of Claude Code source code yesterday.
What happened in the next 12 hours is absolutely wild.
4 AM. Anthropic pushes an update to npm. Inside the package: their entire codebase. A 60 MB debugging file accidentally bundled in.
23 minutes later, researcher Chaofan Shou spots it. Downloads the zip.
Posts it on X. Within 6 hours: 3 million views.
By the time Anthropic’s team woke up, the code was forked 41,000+ times across GitHub. Anthropic started firing DMCA takedowns. Too late.
A Korean developer named Sigrid Jin woke up to his phone exploding. He’s Claude Code’s biggest power user.
WSJ reported he burned through 25 billion tokens last year.
He read the leaked code.
Rewrote the entire thing in Python in 8 hours. His repo hit 30,000 stars faster than any GitHub project in history.
Then he rewrote it again in Rust. That version now has 49,000 stars.
Someone mirrored it to a decentralized platform with one message: “will never be taken down.” The code is permanent. Anthropic cannot get it back.
Here’s the part I can’t stop thinking about: Anthropic built something called “Undercover Mode.” Its only job: prevent Claude from accidentally leaking internal secrets.
They shipped an entire anti-leak system in their own product. Then leaked their own source code in a .map file. Irony is beautiful
And there it is: Jane Street was behind the 2022 crypto winter, destroying Terraform by first depegging the token and destroying the ecosystem, then pretending it would rescue Terra, while effectively it was soaking up what little value remained.
@P2Pdotme @AshwajeetK26724 After getting buy limit increased to 250$ on https://t.co/iBgpXJP6Cu, it reset to 0 today any idea why? Verified with zk-KYC already.
@coinsme_HQ@P2Pdotme