Injective is Making Headlines!
During our Hong Kong Digital Asset Summit, I got to interview @AndKrypto from @injective to learn more about the $INJ Staked ETF!
If you created your Keplr wallet with a Google or Apple login, move your funds now.
Web3Auth, the service behind those logins, had a flaw that exposed private keys. Keplr says about 20% of those accounts were affected.
Web3Auth managed to move $5.6M into recovery wallets before the attackers got there, including around 2.5M ATOM. GoPlus thinks at least $1M was actually stolen.
If you use a seed phrase or a hardware wallet, you're fine.
I get why people use social logins. But every login button means someone else is involved in holding your key. This weekend that someone got exploited.
cosmos:native
Cosmos handed IBC to the Linux Foundation yesterday.
IBC now lives under LF Decentralized Trust, the same home as Hyperledger. Cosmos Labs stays on as a maintainer together with OpenZeppelin and Datachain. Wells Fargo, Figure and Google Cloud are backing it.
Honestly, I'm not a big fan of this. I don't see it as an instant win, even if everyone is framing it that way.
For years the whole discussion was about making ATOM the center of gravity for the interchain, with IBC as the core value prop. Interoperability as a service. The routing layer for the internet of blockchains.
That vision is now buried. IBC becomes a neutral industry standard that doesn't need the Cosmos name anymore.
Cosmos had a massive head start on interoperability. What it never managed was the coordination on the social layer. It has always been bottom-up, every chain for itself, nobody steering the whole thing.
Maybe IBC is better off under neutral governance. For the Cosmos stack and for ATOM I just don't see what this adds right now.
Still hold a small bag of ATOM, so I'd love to be wrong here.
Hosting @justinsuntron at Cosmoverse Hong Kong was a great pleasure.
Lots of planning and detailed coordination to make this happen. I've learned a lot in the process.
Very proud of what we've achieved this year ππΌ
Building blockchain infrastructure for global settlement. π
At the Hong Kong Digital Asset Summit, TRON Founder @justinsuntron shared how #TRON supports stablecoin settlement at scale, enables greater institutional participation, and prepares the network for long-term security.
Watch the closing keynote highlights. π»
Grateful for the Cosmoverse Hong Kong ππ° conversations. Stablecoin settlement is the foundation β TradFi + onchain still has a long road. See you at the next builder meetup.
Crypto is 99% pain and suffering. It is the small percentage of glory that makes it worth it.
If you made it through the last few years, congratulations. If you are coming back now, I think your timing is good.
Our Hong Kong Digital Asset Summit brought together the worlds leading organizations in banking and finance, to explore their digital asset strategies and connect with the industry.
Good to be in Hong Kong for the Digital Asset Summit with @CosmoverseHQ. ππ°
TRON is bringing traditional finance and onchain markets closer together. Stablecoin settlement is the foundation, and thereβs more to build on it.
Thanks for the Cosmoverse notes β S&P/Pantera top-5, US rails via Bitnomial + Anchorage, and ~3M AI Agent users on TRON. Stablecoin settlement first, more to build.
Just gave a talk at @CosmoverseHQ and @Cryptocito made the best industry connects that will accelerate our growth 100x, amazing event that we sponsored, thank you Micheal!
ππ° Justin Sun, live on stage in Hong Kong.
Join us tomorrow at 3:45 pm HKT at the Grand Hyatt for the closing keynote of our first Hong Kong Digital Asset Summit, delivered by TRON Founder Justin Sun.
@justinsuntron@trondao