aizensou

[aizensou @Aizensu]

@starmexxx Nice post but pls tell your AI to write like human. There are skills for that.

[aizensou @Aizensu]

@0xAlphaping Depositors for Altura vaults will be made a whole once the panic is over?

[aizensou @Aizensu]

@keoneHD @EchoProtocol_ 6 weeks after the hack, still no clear way forward for affected users of the exploit on Monad chain. The protocol got promoted by Monad Foundation in form of MON incentive.

[aizensou @Aizensu]

@starmexxx Very interesting post, but the numbers are far from reality. You made it up at least 4x-10x from real vastai numbers.
Anyway thanks for the post. I'm a retired miner, maybe now it's time to turn back my rigs again

[aizensou @Aizensu]

Finally something good for DeFi

[Stacy Muur @stacy_muur]

Read the new Morpho paper so you don't have to!

Quick context: @Morpho is one of the biggest lending protocols on Ethereum, with billions in deposits. Their core product, Morpho Blue, lets anyone spin up isolated lending markets with custom collateral and risk settings. Most of DeFi credit gets built on top of it now.

They just released the Midnight whitepaper, a new lending protocol where rates are fixed and loans have a set end date, instead of the floating-rate pools everyone's used to.

Think Aave or Compound: you deposit, your rate moves with utilization, you withdraw whenever. Midnight is the opposite. You lock in a rate and a date upfront, like a CD at a bank.

The pool model worked when liquidity was thin and gas was expensive. With $25B+ in onchain loans now, floating rates and forced pooling are real bottlenecks. A treasury that needs predictable costs can't use a pool that swings 20% overnight.

How it works:

Lenders and borrowers trade "units" that act like IOUs with a fixed payout at a future date. Each market has a loan asset, end date, and collateral. Buy units = lend. Sell units = borrow. The rate is just the discount you trade at: pay $0.95 today, get $1 in six months.

All markets with the same end date pool together, no matter when you entered. So liquidity builds up instead of splitting across a thousand separate loans.

The interesting parts:

• No orderbook. Lenders post signed offers without locking capital. Borrowers find them off-protocol (Telegram, frontend, router) and submit. The protocol just settles.

• Capital stays productive. A lender can keep funds earning on Morpho Blue and quote fixed-rate offers on Midnight at the same time. When someone takes the offer, funds get pulled and the trade settles in one tx. The "idle capital waiting to be matched" problem that broke prior fixed-rate DeFi is gone.

• One pool, many markets. One signature can back offers across dozens of markets at once, like a market maker quoting 30 stocks with $10M total instead of locking $10M into each. Total risk stays capped at actual balance.

• Fairer liquidations. A 1% breach can't nuke your whole position, liquidators only repay enough to fix it. Bad debt is realized instantly. Miss repayment by a few minutes? 15-minute grace ramp instead of instant drain.

• Fee caps locked forever. Settlement fee maxes at 50 bps/yr, lender fee at 1%/yr. Can't be raised.

Morpho's bet: onchain credit should look like fixed income, not money markets. If serious makers can quote across many markets with one pool of capital, fixed-rate lending might finally work at scale.

[aizensou @Aizensu]

@EchoProtocol_ What about your exploit on @monad ?

[Bull Theory @BullTheoryio]

🚨 EVERYTHING THAT COULD GO WRONG FOR MARKETS WENT WRONG TODAY.

S&P 500 down -1.65%, wiping out $1.14 trillion.
Nasdaq down -2.60%, wiping out $1.11 trillion.
Gold down -3.38%, wiping out $1 trillion.
Silver down -6.9%, wiping out $280 billion.
Bitcoin down -6.31%, wiping out $80 billion.

In total $2.5 TRILLION wiped out in a single session. These were not isolated moves. Everything started breaking at the same time.

It started with the jobs report this morning.

The US economy added 172,000 jobs in May. Wall Street expected 88,000. That is almost double.

On any normal day, strong jobs is good news. But inflation is already at 3.8% and oil is sitting at $90. A labor market this strong tells the Fed it cannot cut interest rates and may actually need to raise them.

The probability of a rate hike this year went from 40% to 57% in a single day. That spooked every investor holding tech and growth stocks because higher rates mean those stocks are worth less today.

Then the AI trade started cracking.

Yesterday Broadcom reported record earnings: revenue up 48%, AI chip sales up 143% and the stock still crashed 12.6%. The reason was simple.

Broadcom did not raise its AI revenue targets for the year. Investors had expected it to. That single miss made people ask a question they had been avoiding for months: are we paying too much for AI stocks?

That question got louder today when a research firm called SemiAnalysis revealed that Nvidia's next-generation AI chips will need significantly less memory than everyone assumed, roughly half of what the market was pricing in.

Memory chips are what companies like SK Hynix and Samsung make. SK Hynix fell nearly 10% today. Samsung fell over 6%.

South Korea's entire stock market crashed 5.5% in a single session. Japan's semiconductor stocks did the same.

And then Anthropic added fuel to the fire by publishing a report warning that AI is getting close to the point where it can improve itself without human help and calling for a global pause in AI development.

Coming on the same day as the memory demand news and Broadcom's miss, it fed a single growing fear across the market: what if the AI boom is moving faster than the business models can keep up with?

Underneath all of this, there is a liquidity problem nobody is talking about.

SpaceX goes public next week at a $1.75 trillion valuation. Anthropic just filed to go public. OpenAI is next.

These three companies together are worth $4 to $5 trillion. Fund managers need cash to buy into these listings.

But cash levels are already at their lowest since early 2024. The only way to raise cash is to sell what they already own. That selling is happening right now.

The new Fed Chair Kevin Warsh will also hold his very first policy meeting in 11 days. He was appointed by Trump with the expectation of cutting rates.

He is now walking into a situation where inflation is high, oil is high, and the job market is running hot. Investors do not know what he will do.

When nobody knows what the most powerful central banker in the world will decide in less than two weeks, the safest move is to reduce risk today.

Everything that could go wrong, went wrong at the same time. A hot jobs report, a collapsing ceasefire, a crack in the AI trade, a trillion dollar liquidity drain, and a Fed meeting with no clear outcome.

[aizensou @Aizensu]

Zcash is the biggest cabal scam coin.

[Udi #BIP-110 @udiWertheimer]

btw this isn’t the first time a bug like this was discovered in zcash. last time it was disclosed after being a year+ in the wild and everyone lost faith and zcash went to zero for 7 years, until they found a new generation of buyers who doesn’t know the history (that’s you)

[aizensou @Aizensu]

@TaikiMaeda2 Biggest lesson here is when Ansem or Arthur starts shilling your coins, it's the signal for exit.

[aizensou @Aizensu]

Are you still okay @TaikiMaeda2 chan ?

[Taiki Maeda @TaikiMaeda2]

Rotated some BTC to ZEC. ZEC is now my biggest bag.

My STRC/BTC thesis partially invalidated due to Saylor mismanaging it in my eyes

Just as HYPE is capturing inflows from overvalued L1 tokens like ETH/SOL, ZEC likely sees inflows from BTC as a quantum/privacy/Saylor hedge.

[Andrew Kang @Rewkang]

Spent the last 2 years obsessively trying to understand where the robotics space is going.

US vs China dynamics, Tesla vs FigureAI, How I think about investing, etc

Continuing to share more. Requests welcome.

[nikshep @nikshepsvn]

https://t.co/JUy0c7P2Xn

[aizensou @Aizensu]

@TwhitNub101 @grok Where is the screenshot coming from?

[aizensou @Aizensu]

@easyforshopping Where do you get your rentals ser? 500$ for 14 PH/s is very cheap.

[aizensou @Aizensu]

The most damaging thing that EF and Vitalik keep dumping their ETH regardless of the price and the market sentiment. They are already rich enough, why do they need to sell?

[Simon Dedic @sjdedic]

I've been an Ethereum supporter since the early days and I still believe it's one of the most important pieces of infrastructure in crypto. The tech is great, my conviction hasn't changed in that respect.

But watching 9 senior researchers and key operators leave the Ethereum Foundation in 2026 alone is something I can't just ignore. People like Tim Beiko, Josh Stark, Barnabé Monnot, Trent Van Epps, Carl Beek. These people weren't just random employees at the foundation, they were the foundation.

You can call it restructuring, you can call it decentralization, whatever. But when your best people are walking out the door, that's a massive red flag regardless of what narrative you put around it.

And honestly, this whole situation just reinforces something I've been feeling for a while now. I am so tired of chain wars, ecosystem politics and spending any more time debating how to price an asset than actually evaluating the businesses being built on top of it.

I don't want to argue about L1 vs L2. I don't want to pick sides in some tribal war between ecosystems. I just want to back exceptional founders building real businesses with real revenue, real users and real products.

Hyperliquid recently flipping Solana is another great example of how a great product and distribution can organically build an ecosystem top down, rather than trying to force it from the ground up.

The infrastructure circle jerk and the idealistic cypherpunk phase of selling delusional dreams in crypto was great and fun, but it's over. The next decade will be dominated by much sharper founders building real businesses, and I wouldn't be surprised if we see some of these even flip ETH and SOL as they continue to bleed out.

Time to grow up and play real games with real people.

[aizensou @Aizensu]

@0xDani Yeah I totally understand but with these failures, crypto cards still can't be the 100% cards for everyday spending.

[aizensou @Aizensu]

@ether_fi Fix your card problem ser. I just got kicked out of my hotel because none of the transactions on my Etherfi black card went through. Pretty fucked up when you are traveling.

[aizensou @Aizensu]

@ziwenxu_ @adxtyahq Absolutely no free meal in this material world

[aizensou @Aizensu]

@FabianoSolana @Tessera_PE Who are the counterparties at Tessera for that trade, sorry? They could just fuck you when the real IPO launches for example.