Johnson

Head of Regional Growth for @WalletV_io at @Virgo_Global

[Johnson @JohnsonOnchain]

If you search for what wallet to use for creating AI agents to trade perps, ChatGPT will tell you to use @WalletV_io!

We set our goal to be recommended by AI, executed on our SEO & GEO and achieved this in one and a half months.

Milestone unlocked. Onto the next.

[Wellu @Wellutwt]

Watching nolan masterpiece
#TheOdyssey

[The Cinéprism @TheCineprism]

Only 40 cinemas on EARTH could show what NOLAN actually filmed.

[D2 Finance @D2_Finance]

Ostium is investigating. The chain already has the full answer.

The OLP vault was drained through a compromised oracle signer. Every price report was validly signed, so the verifier passed it exactly as designed. The attacker bundled a signed price and a 100x trade into one atomic call, opened at a fabricated mark, closed at another, and let the vault pay the capped maximum profit. Roughly 8.99x collateral per loop, repeated until the vault was dry.

They tested it first. Loop one was a 1,000 USDC probe that returned 8,986. Once it cleared they scaled to 700,000 and pulled 6.29M in a single leg.

Look at the chart. Two years to build that. Six transfers to take it. Those six are 96 percent of the damage and they all landed inside one hour. The vault holds 8,993,473 USDC as we write this. It held 34.3M yesterday.

The money is already moving. USDC routed into ethereum:native through Kyber in 3M clips, then fanned out in 1.9M chunks across more than ten fresh wallets. The executor was gassed hours earlier from a @Bybit_Official hot wallet 👀 and a ChangeNOW hot wallet. Signer-key sophistication on the exploit, a KYC exchange withdrawal on the way in.

Trading is paused. The vault is not. Redemptions were still clearing minutes ago, in five and sixty dollar clips. Retail taking whatever is left.

Which raises the question Ostium needs to answer today, because LPs cannot see it themselves.

OLP price only updates at daily settlement.

If settlement has not run since the drain, the price on screen does not carry the loss yet, and every redemption processed before it does passes the loss to whoever is still in the vault when it prints.

That is not a senior tranche. That is a queue.Seniority means nothing when the counterparty writes the price.

[Cred @CryptoCred]

Explaining to my children that they'll never see their friends again because a candlestick closed below a box I made up and we can't afford the fancy school district anymore

[Ryan Watkins @RyanWatkins_]

An army of traders in China are about to learn about Hyperliquid for the first time.

Expect $CXMT to be another big splash for @tradexyz which just made new ATHs of $5.3B in daily volume.

We are entering a new era of finance where anyone, anywhere, can trade anything, anytime.

[AM☬ @AbsoluteMxssi]

Mbappe’s reaction to Spain’s second goal is killing me 😭

[Stacy Muur @stacy_muur]

These projects raised more than $500 million.

VCs do also cry.

[Citrini @citrini]

Since CPI is either going to be a clearing event or a thanos snap event, I figured it might be a decent time to be helpful.

If you’re relatively new to investing, then you’re bound to learn about what happens when your portfolio goes down.

Now, this is coming from someone who’s portfolio is up a paltry 20% YTD and hasn’t been gunning it on risk recently. Although also someone who’s been trading and investing their own money for the better part of a decade and has managed to not go bust (except for one, very painful time early on).

If you’re constructing a portfolio it’s important to realize it is its own position rather than a collection of positions. A stock is not just a company but the sum of its valuation, shareholder base, its sensitivity to liquidity, crowding, financing/rates and its catalyst calendar. High beta stocks are often five different trades in one ticker.

You should always have a working idea of your “tilts”. Does your portfolio go up/down more if tech rallies, if certain countries outperform, if a specific thematic is validated etc etc.

In general, you should not have a portfolio of 20 different stocks that all act the same. You might think you won’t, but getting the value of your book cut in half will make you do stupid things. (As an aside, this is also why even though buying the dip is generally a good strategy, progressively buying the dip early into a drawdown can make you mess up at the exact lows.)

High beta stocks come in all shapes and colors but in general they are selling the distant future. In good markets, the time out to that future is cheap. In bad markets, you start paying rent. That rent tends to appear as a lower multiple even while estimates stay the same.

A lot of times people will tell you the only thing that matters in a drawdown is “is the thesis intact?”. That’s one aspect, the other two are “how have expectations changed?” and “did you size like an idiot?”.

Don’t average down just to improve your cost basis, the market doesn’t care about your cost basis. Only add if you can truly underwrite the expected return improving, and that means taking a view that goes beyond a default return to multiples that may be unsustainable.

Price can become a fundamental and technical sell offs can manufacture fundamental problems - reflexivity cuts both ways.

The best question you can ask yourself in a drawdown is “from here, what is the range of outcomes and what’s the best use of the next dollar?”. If early in a drawdown you note that every time one sector goes up your portfolio goes down, it could be a decent idea to add exposure to that sector.

The ultimate goal is not to avoid every drawdown but to make sure no single drawdown takes away your ability to act on real opportunities when they arise.

No amount of truisms will help make anyone a better investor, but there is something you can do right now. If this is one of your first few drawdowns, you can observe how you react. Take notes on it. Find out what mistakes you make and then optimize your portfolio, sizing, strategy etc to compensate for those shortcomings. It’s a lot easier to do that than try to fight your own psychology - and anyone who pretends there’s a one size fits all answer to that is lying.

[Dwarkesh Patel @dwarkesh_sp]

Adam Brown (@A_G_I_Joe) is back!

General relativity is said to be the most beautiful idea the human mind has ever produced.

Most of us will never get to fully appreciate its elegance by taking the 20-lecture graduate course Adam taught on it at Stanford.

But in the video below, Adam distills the key idea at its heart so clearly and compellingly that even I could keep up lol.

At the core of general relativity, Einstein is trying to figure out the principle behind a particular coincidence: that the mass that resists acceleration and the mass that gravity pulls on just happen to be exactly the same. Adam then leads us through the path of insight which Einstein called his “happiest thought.”

Then Adam lectures on black holes. First, by showing how even under special relativity you could create a perpetual motion machine if black holes weren't truly black. And then, by explaining why the observations of an infalling observer and a distant bystander to the black hole would be so radically different

Adam leads Blueshift, the team at Google DeepMind cracking science and reasoning.

Which gave us the opportunity to discuss at the very end how close we are to AIs that could rediscover general relativity from scratch. Stay till the close for some philosophy of science.

0:00:00 – The coincidence that led Einstein to general relativity
0:16:42 – Gravity is a consequence of curved spacetime, not a force
0:31:46 – Why black holes prevent unlimited energy extraction
0:47:12 – Black holes are the ultimate power plants
1:13:50 – What falling into a black hole would actually feel like
1:18:51 – The three ways we know black holes are real
1:24:21 – The first time we saw gravity bend light
1:29:33 – How far can AI get without experimental evidence?

Look up Dwarkesh Podcast on YouTube/Spotify to watch. Enjoy!

[Alex Krüger @krugermacro]

So good

[Autism Capital 🧩 @AutismCapital]

Imagine being Bill Gates’ daughter and still needing to fraud. The real business here was her collecting all of the “cool names” for her LARP startup. This wasn’t a business, it was an excuse to look like she had something of her own. Nepo smoke and mirrors subsidized by access.

[shaunda devens @shaundadevens]

One of the keys to performant RWA perpetuals is that the instrument accurately tracks the underlying reference.

TradeXYZ markets are already doing this well: median-market p99 mark-to-oracle deviation is just 29 bps, close to the 18 bps benchmark of native crypto markets.

[Nikita Bier @nikitabier]

@finkd Hello Mark, would you like me to enable Creator Monetization on your account

[smolting (wassie, verse) @inversebrah]

mans be thinkin ahead

[800.HL @degennQuant]

Robinhood X @Lighter_xyz implementation highest open interest pair is $64 000

hyperliquid

[Mullvad.net @mullvadnet]

Chat Control 1 is back. Despite the European Parliament voting down the legislation twice this year, the Council of the European Union and parts of the Parliament today managed – through an urgent procedure – to extend it for another two years. The law was originally introduced as temporary legislation, so that its effectiveness could be evaluated. At the end of 2025, the European Commission itself concluded that it was not possible to determine whether the law had any measurable effect. Even so, it has now been pushed through.

Some of today's amendments could have stopped the law. And a majority of the voting MEPs wanted to do so. By a margin of 314-276, the Parliament voted to reject the proposal through these amendments. However, since it was an urgent procedure, 361 votes were required. As a result, the majority lost today and Chat Control 1 was passed. The urgent procedure was a dirty play by the Council and parts of the Parliament – it’s a procedure not meant to be used on legislation already rejected by the Parliament.

For now, Chat Control 1 will remain in effect. This means that tech companies may continue scanning communications without a warrant or suspicion.

However, the real battle is Chat Control 2. Unlike Chat Control 1, it would require all providers to scan communications, and to do so far more extensively than Chat Control 1 ever has.

[Bob Elliott @BobEUnlimited]

Anyone notice data center construction growth has slowed a lot over the last year?

[Fidias Panayiotou @Fidias0]

CHAT CONTROL IS COMING

Even though most Members of the European Parliament have voted to REJECT Chat Control, we have not been able to reach the absolute majority that was needed (361 Members).

This is a sad day for Europeans.

[jords @jords]

man i actually detest big accounts who talk about how easy it is to make money on 'runners' bc 'the trenches are so back'

i just took a scroll through ansem's feed and wanted to kms

i remember when a bunch of youtubers got done for promoting a gambling site, they made videos of them winning money and shilled their link

but they were given special links w higher win rates and free money to gamble with then sent all their subscribers to the slaughter promising gains

with memecoins it's much worse. ppl who are given large percents of supply for free or bundled from the beginning, their risk is nil and their upside is infinite

some take public positions and risk, but most don't really ever risk their own capital they just make the illusion of doing so. they've covered risk through side wallets or otc deals

they also seem to benefit from an almost trumpian ability to not lose reputation from their followers bc most ppl in that space have no bearings on how to judge good/bad actors or are already retarded

there's no crying in the casino and this doesn't affect me personally, i stay completely removed from it bc i feel way too stupid if i lose money on something i know is going to zero

but it is just annoying to know that while good coins are at great prices, when BTC is +50% from the highs, there are ppl throwing their net worth into worthless coins in search of making it tomorrow bc some big account told them it was an easy game

many lose money on their entrance to crypto and go on to do better things, to understand the space better, but it's a shame we need to throw ppl into the meat grinder as a first interaction