Hummingbird31

[Lucian Mincu @lucianmincu]

A clarification, because you deserve precision.

Yesterday’s post drew fair challenges that I want to address directly.

Removing a pair does not remove a correlation. That is correct. Delisting EGLD/BTC does not, on its own, break the link to Bitcoin. Correlation is broken by what an asset earns on its own merits, not by which pairs sit on an order book.

So let me be exact about what this decision is, and what it is not.

It is not us pretending we can command a market.

It is not us hiding behind “the exchange decided.”

Pairs do not stay alive on their own. They are sustained by liquidity, depth on the book, tight spreads, and that is a shared commitment between a project and an exchange. Maintaining a pair is an active cost and an active choice. We have a say in it. We are not passing blame. We made a call, and we will own it in full.

And the call was this: in current conditions, holding up the EGLD/BTC book ties EGLD's price discovery to Bitcoin's volatility while returning nothing to holders. We would rather direct that effort toward where value is actually created.

This is one deliberate step, not the whole strategy. The strategy is the network. The focus is the network.

I will take a hard question in public before I give you a comfortable half-truth. That is the standard I hold myself to, and the one you should hold me to.

───

We move on our own terms: throughput, finality, adoption, utility.

Still here. Still building.

[Hummingbird31 @Hummingbird3110]

@lucianmincu JFC, what is this smell? 🤢

[Vini B |「 thecoding 」 @vinibarbosabr]

it has been 4.5 hours since sui:native last confirmed transaction

SUI is going through a major outage that now lasts for nearly five hours, according to onchain data (last confirmed block at epoch 1,141 - JADcW9f...ySxuy3L)

sui.status shows a 3.5 hours major outage (one hour behind the network stall), since the issue has been identified and a fix has started being worked on

it's been a week since SUI activated gasless transactions

this is the 4th major outage/degraded performance event on SUI in the past 2 years

+ November 21, 2024: first major network outage
block production halted for ~2–2.5 hours due to a bug in transaction scheduling/congestion control code after an upgrade. validators crashed, but the issue was fixed with a patch

+ December 14, 2025: "degraded consensus" / higher latencies for ~3 hours 10 minutes. not a full halt but significant performance issues and some transactions stalled

+ January 14–15, 2026: second major consensus outage/network stall. lasted ~6 hours (precisely ~5h 55m in some monitoring). no new blocks or transactions were processed; funds were safe but activity was frozen.

[Hummingbird31 @Hummingbird3110]

@xMoney_com @xMoneyGreg @SuiNetwork

[Sergiu Biriș @sergiubiris]

https://t.co/77Mf9MTJeJ

[Mihai @mihaieremia]

By the power invested in myself by myself, your 2-4 weeks will in fact mean 4-8 weeks.

Prediction markets (in my head) say Supernova might be done but not released till market is "better" OR rebrand OR end of July.

Non-zero chance Solana ships their new consensus before we see Supernova and we end up behind on speed and finality.

If you wanna be cool and we accept the endless delay, push the team for lower block time from first rollout, no more delays, ship straight 400ms or even 200ms if we want the edge and actually impact at launch

I don’t even care if it crashes at 200-400ms, funds will be SAFU, max the consensus goes down and we restart (proven on Solana it has marketing effect), we’re so irrelevant that crashing at that speed and TPS might be better marketing than another safe upgrade or "strategic" rebrand

2'cents

[Hummingbird31 @Hummingbird3110]

@Anotherapp_io

[Hummingbird31 @Hummingbird3110]

@solver_cs Hyperliquid? 🤔

[Mihai @mihaieremia]

Cool, but still useless from my POV

Things that we will never see and I wish to:

- Where is clearly stated that the foundation has shares in xMoney (I verified all public companies the final beneficiaries are the founders not the foundation, all 3 entities from Portugal, Romania and Estonia, dividends go to owners not to the foundation if is not there, there are two more entities not visible to see the end owners in Liechtenstein xMoney Global and xMoney Labs, probably used for the last raise or whoever knows why, that puts xMoney at already 5 entities)

- How much foundation assets were distributed as “grants” to each individual company the Labs, xPortal, xMoney (since I am confident these got more than the protocol itself)

- Why there are two labs one in Romania, one in LIECHTENSTEIN (old known as xWorlds, is this still funded by the foundation, if so why, how much it wasted, who is responsible for?)

- Who owns the trademarks/IPs, as of public records all related IPs of MultiversX, xPortal are owned by another private entity not affiliated / reported in the above PDF) is this company getting paid by foundation for the holding or anything like that? https://t.co/KxbhKotUeM

- How are you preventing self dealing between founders since the directors/board members of the foundation are the same people owning all other entities, there is no public accountability or larger board of people/advisors to that foundation that could hold accountable the council of the foundation. Every other foundation has public workers like Sol/Eth etc

- Why no other core team member is visible as shareholder of labs or board members of the foundation? I would expect at least 3 more up there, the most important Adrian (you know the brain of the team) + maybe Sasu, Andrei … I won’t even dare to ask for external people that would be too much of a request from my side :))

Basically as a summary of a very high end investigation and overall how industry and foundations works:

You create the foundation, then you create your own companies, then you grant funds and pay your own companies to build on your own chain, then if these companies become profitable or you sell them you own nothing back to the foundation itself, that’s why is very important to see clearly the stakeholders of all these companies and prove the foundation owns these entities in full or in a percentage

How do I know some of the stuff ? Well I do also have a foundation and an AG in the same environment as they do, clearly my foundation owns the AG is a simple document you can extract proving the ownership. For Romania companies is even easier since is public same for other EU countries like Estonia, Portugal etc. Except in Liechtenstein where privacy is the selling point :)

At some point I will do my own overview and link well all entities I am aware of, if more people are interested, if everyone still wants to stay blinded then I will save my time and move on

I tend in the past year to clearly see the management failure vs the clear success of the tech team(even if slow due to budget), is obvious incompetence (and hopefully not fraud) has been a key part of our sadly long downfall. The CEX liquidity shows it all if a whale would want to exit today there is no more than $20-30k liquidity on the buy side on the biggest CEXs, same on the sell side very hard to get an entry at this price unless OTC buying from them most probably

What would save us, from my opinion?

Probably a clean independent investigation into the foundation dealings over the years, seeing clearly what is still happening there in terms of assets and most important EGLD owned besides others tokens.

A larger board and advisors in place, around 5 board with 5 advisors (community included that will have visibility into the real stuff happening there and be able to avoid any potential conflicts, rather than nobody seeing anything)

In any case, ignore everything from above, what do I even know myself ;)

[Solver @solver_cs]

Late, but welcomed.

Still, I’m not sure comparing raw foundation spending across crypto projects makes much sense without context.

Take Ethereum (~$300B mcap) and Cardano (~$10B mcap): their spending is roughly ~0.04% and ~0.3% of market cap.

Now compare that with MultiversX — even if we round to a ~$200M mcap, you’re looking at ~3.8–4.5% of market cap.

That’s a completely different scale.

So yes, in absolute terms the spending looks small vs other projects. But relative to its size, it’s actually very high.

(Not exact figures, just directional, but the gap is what matters. The picture is from the report)

[xMoney.com @xMoney_com]

We’re going live in 15 minutes!

See you there 🫡👇

https://t.co/VqMqqza4mH

[Hummingbird31 @Hummingbird3110]

@xMoney_com Really impressive stuff, guys! Congrats! 😎

[xMoney.com @xMoney_com]

Fees used to disappear. Now they come back as benefits 🔄

xMoney Rewards is now live for all merchants, turning fees into $XMN you actually own.

Earn. Accumulate. Decide what to do next, directly from your dashboard.

Read how it works 👇
https://t.co/4KSc4Qd8RI

This initiative is part of https://t.co/Cq84EQe40A, co-funded by the PRR, the Portuguese Republic, and the European Union under the Next Generation EU program.

[✖️heller | egld crusader @hellerbtc]

⚠️ Nobody talks enough about @xMoney_com and I genuinely don't understand why.

MiCA bans yield on stablecoins. Full stop. You can't earn interest on EURXM - regulators made sure of that.

But here's the thing nobody noticed: XMN isn't a stablecoin. It's a loyalty token. Like airline miles. Like supermarket points.
Loyalty programs don't pay "yield." They reward behavior. Potentially different rules.

So every time you pay with xMoney, this happens:

🛒 Pay at a merchant with xPortal Card
↓
🎁 XMN lands in your wallet automatically as cashback
↓
Choose:
🔁 Restake - unlock higher cashback tiers on future purchases
🍕 Spend - redeem directly at xMoney merchants, no conversion needed
💰 Hold - bet on ecosystem growth

The user buying pizza at @dominos doesn't see crypto. They see a reward. The Domino's finance team never touches a token - they get euros in seconds.

The stablecoin is the rails. XMN is the incentive layer. MiCA covers the first. The second plays by completely different rules.

Three MiCA-compliant stablecoins targeting June 2026. $21.5M raised. Sub-$5M market cap.
$XMN 👀

[xMoney.com @xMoney_com]

Payments that deliver, now in Romania 🇷🇴

@dominos x xMoney continues its European rollout.

Cyprus started it ✔️
Greece scaled it ✔️
Romania confirms it ✔️

Read the full story 👇

https://t.co/EYRmVa4KKD

[Hummingbird31 @Hummingbird3110]

@joewu_official @xPortalApp You keep asking the same question...you did this several times in the last months...any reason why you can't hop on a call with @sergiubiris and have a discussion? You're a KOL after all...

[David Raymond @DavidRaymondRP]

From 1M+ plays in Fortnite to a standalone game.⬇️
(I need your support on this)📢

For the last 2 years, I’ve lived and breathed game dev inside the Fortnite ecosystem. Seeing over 1 million plays on my worlds was life-changing, but it was only the beginning.

Now, it’s time to step out from behind another platform and build something truly ours: a standalone, top-down RPG powered by #ThreeJS and @cursor_ai. 🛠️

I’m moving from the "Creative" maps to a world where I control every pixel. But I’m a solo builder, and I need my community to become my foundation.

To my @MultiversX family, the gamers, and the supporters: I’m asking for your help to get the attention this project deserves!

I need your marketing voices, your financial support to keep the lights on, and your mental energy to keep me pushing through the late-night sessions.

The Vision:
🏠 Build a browser-based RPG game. (step 1)
☁️ Launch a Steam version. (goal)
🎙️ Sit down with @thomasbrushdev on his podcast to tell the story of how we did this together.

This is a grassroots mission.

Respectful of the craft, direct about the goals, and hungry for the future.

Details coming soon.🙏

#IndieDev #BuildingInPublic

(video just for reference, not actual game)

[xExchange ⚡ @xExchangeApp]

https://t.co/LXZ8eMZO8c

[Hummingbird31 @Hummingbird3110]

@lucianmincu I just hope you guys give me the reasons to make another 10k transactions. There are some good folks here (unfortunately not so many) that are sidelined for different reasons.
It will be a tough path to get out of hell...but maybe, just maybe...we will.

[Lucian Mincu @lucianmincu]

600 million transactions processed on Mainnet.

To put that in perspective. Stripe processed its billionth API request after 7 years. PayPal hit 1 billion transactions after a decade of operations. AWS processed its first trillion requests after 15+ years of scaling.

We crossed 600 million on a fully sharded, fully decentralized network. 3,200+ validators across 30 countries. Sub-cent transaction costs. No intermediaries. No central servers. No single point of failure.

The infrastructure that powers the next generation of applications isn't being adapted from legacy systems. It's being built from scratch. And it's already running.

Supernova will take this foundation and push it further. Sub-second finality. Higher throughput. The same architecture, battle-tested by 600 million real transactions.

The data is on-chain. The code is open source.
The network is live and scaling.

This is MultiversX. This is $EGLD.