Bankless

Welcome to Bankless: where we explore the frontier of crypto money, tech and finance. Learn how to get started, get better, and front-run the opportunity.

[Bankless @Bankless]

NEW INTERVIEW: Black October! What Is Happening to the Internet?

Is AI turning the entire internet into a dark forest? Security experts @hrkrshnn and @odysseas_eth join @TrustlessState to unpack Black October, why AI-powered hacking is becoming cheaper and more scalable, how defenders are falling behind, and what it means for your crypto and personal data.

[TIMESTAMPS]

0:00 Intro
0:08 Black October: Cybersecurity’s New Reality
1:01 Why Cyber Incidents Are Surging
4:06 AI Makes Hacking Cheap and Scalable
6:46 The Real-World Cost of Data Breaches
11:00 AI, Personal Data, and Targeted Scams
15:32 Is Mass Data Exposure Inevitable?
18:02 What the CVE Explosion Reveals
20:50 Can AI Defenders Keep Up?
23:22 Why Crypto May Be Better Prepared
27:34 Are Crypto Assets Still Safe?
31:41 A Silver Lining After the Cyber Turbulence
34:18 Practical Security Advice for Individuals
36:05 Redundancy, Self-Custody, and Limiting Risk
38:02 Simple Steps to Protect Your Wallet
40:39 What Crypto Custodians Should Do
41:29 Security Startups and How They Can Help

[Bankless @Bankless]

https://t.co/Bx8IQ1W4yo

[Bankless @Bankless]

NEWS: Uniswap has launched Aggregator Hooks, letting v4 route trades through outside liquidity sources like Curve, Fluid and PancakeSwap.

Hooks are live on Ethereum, Base and Robinhood Chain.

Swaps routed through them pay protocol fees that BURN $UNI.

[David Hoffman @TrustlessState]

Incredibly informative conversation with @hrkrshnn and @odysseas_eth

My takeaways:

- Without intervention, data on the internet becomes a free-for-all. The cost to exploit vulnerabilities to access personal data is/has dropped to 0.
- As a result, companies will do 1 of 3 things:
-- 1. Increase security spend so that defensive spend>offensive spend
-- 2. Offload data security responsibilities to 3rd party companies who do it as a service
-- 3. Simply delete the data that they don't want the responsibility of securing.

- Is crypto safe? For the most part, yes, because the economic incentive to protect crypto-assets has been very high for a long time. Coinbase/Fireblocks et are under constant barrage of attempted hackings all the time. Still, continued cyber defense investment is a MUST. Crypto is a head of the curve, but the curve is advancing anyay

- Holy f this is so bullish $VVV. So many companies will want to mimimize their data footprints while also will need to be doing AI inference. Venice sells this as a product.
- Holy f this is so bullish $ZEC. Everyone's data, financial or otherwise, will likely be stolen from the companies that store it. Privacy is so fucking in. Traceable blockchains that can be linked to exposed identities (i.e. Ledger data breach) are so out. The worst case scenario is that everyones personal info is out in the wild, and this includes all your finances and assets. Zcash hides this again. zillions

[David Hoffman @TrustlessState]

Going live with @odysseas_eth & @hrkrshnn to talk the end of the internet!

Hop in👇

https://t.co/oAzYTGYrHQ

[Bankless @Bankless]

Black October! What Is Happening to the Internet? https://t.co/lbwajLJnMl

[David Hoffman @TrustlessState]

There's been a resurgence of coins that I'm labeling '2017-era Bitcoin clones'

$PRL +30% this week, $4.2b FDV
$QTC + 300% this month, $1.8b @ 21m supply

Kind of interesting that 21m hardcapped supply tokens are commanding multi-billion dollar vals

[Bankless @Bankless]

WEEKLY ROLLUP: The Internet Is Under Attack. Is Crypto Next?

Uptober lasted four hours. Now comes Black October: rising war fears, AI-powered cyber threats, and a market on edge. @RyanSAdams and @TrustlessState debate whether crypto is next, JPMorgan’s bullish Bitcoin forecast, fusion-made gold, and a major stablecoin win.

[TIMESTAMPS]

0:00 Intro

0:08 Black October, Uptober & Market Jitters
- @TrustlessState
- @coinbureau

5:38 Bitcoin's Early Bull Case

9:26 JPMorgan's Bitcoin Forecast & Ethereum's Struggles
- @saylor
- @Matt_Hougan

20:23 Crypto Movers: Pearl, Lighter, Venice & Monero
- @zoomerfied

28:31 Black October: Cyberattacks, AI & Banking Risks
- @takaichi_sanae
- @NSACyber
- @Mudit__Gupta
- @devmuzzammil
- @nic_carter
- @jachiam0
- @eastdakota
- @MadisonMills22

42:53 Fusion Gold: Bitcoin's Unexpected Advantage?
- @MarathonFusion

50:23 Stablecoin Rewards, Solana Upgrade & Aero Merger
- @EleanorTerrett
- @solana

[David Hoffman @TrustlessState]

I'm going live on @Bankless tomorrow with @odysseas_eth and @hrkrshnn to figure out WTF is going on?

How bad is this?
Is it going to get worse?
What happens next?
Is crypto safe?
Is crypto ahead of the curve?

Truly the worlds greatest questions

2pm EST on @Bankless

[Bankless @Bankless]

@barnabemonnot 😰 thanks for flagging

[Bankless @Bankless]

NEWS: Ethereum consensus researchers have proposed Decoupled Consensus, a draft EIP that would replace Ethereum's Gasper consensus design and split validator voting into two separate jobs.

A committee of ~512 validators sampled each slot would vote on the chain head, while the full validator set votes on finality in its own rounds.

The goals are at least 4x faster finality, tougher reorg defenses, and a cleaner path to post-quantum signatures.

EF researcher Barnabé Monnot expects it in the I* upgrade, early 2028.

[Bankless @Bankless]

@aeroxyz Weee

[Bankless @Bankless]

NEWS: Aerodrome and Velodrome have merged into @aeroxyz, one DEX now live on seven chains including Base.

$VELO converts at 0.044 $AERO, giving Velodrome's side 5.5% of the merged supply.

Weekly ve-votes are gone, with emissions now capped against each pool's projected revenue.

[Bankless @Bankless]

@aeroxyz Read here: https://t.co/zSDiPbz2J7

[Bankless @Bankless]

https://t.co/R4xvlCDoDY

[Bankless @Bankless]

NEWS: Pump(dot)fun replaced Relay with its in-house Pump Bridge for crosschain trades in its app.

In its own randomized test, Pump claims buys landed in 1.95s vs. 3.88s on Relay, with errors falling from 11.2% to 0.9%.

Full article below

[Bankless @Bankless]

https://t.co/39mtvDk460

[Bankless @Bankless]

NEWS: $ZEC still sitting in Zcash's original Sprout pool has about two weeks to move before the NU7 upgrade freezes it.

NU7 is set for mainnet block 3,543,405, expected around Nov. 5th, per Zakura, the full node project led by Zcash cofounder Sean Bowe.

The upgrade retires the v4 transaction format Sprout depends on, and the spec warns Sprout spending "may never be reenabled."

NU7 also brings 25 second blocks.

[Bankless @Bankless]

NEWS: 0xbow has launched Privacy Pools v2, adding private payments, yield, and swaps across seven networks including Ethereum, Arbitrum, and Base.

Shielded funds can now pay any EVM address privately, earn Aave yield inside the pool, and swap across tokens and chains via https://t.co/8To768KWtC.

Deposits still need approval from 0xbow's screening service, albeit with no KYC or viewing key.

The Ethereum Foundation's Kohaku wallet-privacy initiative is also notably integrating it.

[The DeFi Report @the_defi_report]

NEW REPORT: Is Crypto Ready for Its Next Leg Up?

Fear has returned to crypto, but the next rally may be closer than it looks. @JustDeauIt and @RyanSAdams break down Bitcoin’s resilience amid a sharp altcoin selloff, the holder rotation driving its consolidation, and why seller exhaustion could set up the next move. They also discuss the $87K breakout level, mounting stress in AI debt markets, Bitcoin’s divergence from the Nasdaq, and whether quality altcoins are becoming attractive again.

[TIMESTAMPS]

0:00 Intro
0:13 Bitcoin Holds Strong as Altcoins Fearful
4:00 Bitcoin’s Cycle Signals & Capitulation
11:19 Bitcoin Dominance and Strategy’s Next Move
17:51 AI Debt Fears & Credit Spreads
22:30 Treasury Yields, Stocks, & Capital Flows
31:42 Debt Risks, Bitcoin, & Government Intervention
35:30 Bitcoin Versus & Nasdaq
39:11 Altcoin Dips and Portfolio Strategy
43:02 Ether, Solana, & Closing Thoughts