🔥 $NEAR IS MAKING A MAJOR TOKENOMICS CHANGE
NEAR governance approved the removal of its 30% developer gas rebate.
Once implemented, 100% of execution gas fees will go toward protocol-level burn instead of sending a portion back to smart contracts.
More network activity could now translate into stronger token value accrual for $NEAR.
A breakthrough moment for near.com: a bank accepting our signed Proof-of-Payment as documentation for a confidential, crypto-funded tax payment.
This is what bridging onchain and traditional finance looks like in practice.
NEAR is permissionless programmable money.
Permissionless means nobody needs permission to own and transfer assets, or deploy contracts on NEAR.
It does not mean every application or liquidity provider must process every transaction.
SHIELD is how NEAR Intents applies this in practice: shared, real-time risk intelligence that lets participants identify hacks and other incidents and choose not to facilitate stolen funds. Partners can both consume and contribute incident data.
In the Bitget hack, SHIELD identified $50M+ in attempted flows through NEAR Intents and helped stop funds during execution.
Open financial infrastructure does not require us to make theft easy. Instead of hiding behind "it's permissionless, what can we do" while sitting on pause button, we should be creative in solutions that are addressing underlying problem.
We can have permissionless protocols that have intelligent defense. This is what we are building with SHIELD and invite everyone to join to make SHIELD industry-wide.
Another major milestone unlocked: 2.5 MILLION solana:So11111111111111111111111111111111111111112.
Today, we announce that our treasury has grown ~10% in just 6 weeks, adding 226K+ SOL since our Q2 update.
Today:
🔸 2.538M SOL & equivalents
🔸 $309M treasury value
🔸 +47.7K solana:So11111111111111111111111111111111111111112 added (+2% WoW)
https://t.co/Nej3XgnLG3
Crypto space really has a choice - grow the f up or get sidelined with random regulations.
Saying we can not do anything when we are programming decentralized system is just untrue.
Banks run AI for fraud detection but are inherently centralized and require KYC. At the same time KYC doesn't solve any of real problems as we know.
We have better data and talent to create systems that don't require KYC and actually deter criminals while giving full freedom to real users.
By working together we can totally weed out crypto of criminal activity. Criminal TAM is way smaller than all of economy moving onchain we are targeting.
Decentralization != disorganization
BREAKING: 🇺🇸 Bitwise’s $NEAR ETF gets the green light to list on NYSE Arca under the ticker $NRR.
Bitwise raises its NEAR base-case price target to $155, while its bull-case target stands at $562.
In these conditions, spaghetti is king.
Here's an old video on it:
https://t.co/YTo5GeKShh
And my setup that you can copy:
https://t.co/6JY6ZOKaCN
Show it some love and I'll do an updated one.
Happy Saturday.
If I'm right and we'll head into the next stage of the bull market soon-ish
We'll have one big price event where most things reprice all at once
That'll be the sign for most sidelined people that we are indeed in a bull market
Which is as usual late but that's just how it goes
$SOL, slow grinding up, would love to see it pop up between now and the Sunday evening close but this looks good against every pair in the space right now
Crypto is a miserable market 90% of the time
And it's absolutely godlike 10% of the time
Knowing this why the fuck are so many of you trying so hard to be miserable 100% of the time
Just enjoy when this shit pumps
It won't be good forever
It's simply a brief window of bliss
The man who built the most traded instrument in crypto history will be at The https://t.co/WT8phhoIdx Lounge
@CryptoHayes went from trading derivatives at Deutsche Bank to creating the perpetual swap at BitMEX
Felt like the right person to have on stage
Oct 7. Marina Bay Sands
RSVP ↓
https://t.co/xWm8jIxh1F