BTC ∞/21M

Bitcoin DCA & HODL Enthusiast | ∞/21M

[Jesse Myers @Croesus_BTC]

Update: Bitcoin bounced out of oversold, rallying against Gold.

Every time this has happened in Bitcoin's history, it was the start of a 2+ year bull market.

[BTC ∞/21M @OG21Million]

@BitcoinMagazine How to sell bitcoin to boomers 101

[Aave @aave]

Update on rsETH incident:

@LlamaRisk has published a report outlining the rsETH incident, the immediate actions taken, its impact on Aave, and potential paths forward.

All service providers have been working to assess the two potential bad debt scenarios on the Aave protocol.

Aave DAO service providers are also leading an effort with ecosystem participants to address any bad debt. This effort already has several indicative commitments from various parties and we are grateful for the strong support we have received so far.

We will share further updates as we have them.

In the meantime, the full report can be read here: https://t.co/jy3BHZCa7b

[BTC ∞/21M @OG21Million]

@Route2FI Basically risk free on aave isn’t it?

[BTC ∞/21M @OG21Million]

By Sunday morning the panic had gone nuclear.

Nasdaq companies wake up locked out of their own treasuries.

The fix?

Someone posted the exact warning on $Aave governance… 15 months ago.

Decentralized finance.
Extremely centralized negligence.

[BTC ∞/21M @OG21Million]

DeFi over the weekend:

One drunk validator → prints $292M Monopoly money → dumps it on Aave → yoinks $250M real ETH → WETH pool goes full 100% utilization → instant bank run →

All in 46 minutes. On a Saturday.

[BTC ∞/21M @OG21Million]

@udiWertheimer ETH/USDC seems low risk lol

[BTC ∞/21M @OG21Million]

@fintrender @aave Join the line. This is essentially a bank run

[BTC ∞/21M @OG21Million]

@Tyler_Did_It DeFi is brutally honest

[BTC ∞/21M @OG21Million]

How Aave governance digests $250M in bad debt with zero legal framework will be the most important case study in DeFi this year.

DeFi isn’t broken, but it’s brutally honest.

Risk is never isolated.

Stay sharp.

[BTC ∞/21M @OG21Million]

🚨 $292M Kelp rsETH Bridge Exploit Just Hit DeFi Like a Nuke

Attacker minted fake rsETH through a misconfigured bridge verification, dumped it as collateral on Aave, Compound, and Euler, then borrowed ~$250M real ETH before freezes could trigger.

[BTC ∞/21M @OG21Million]

Panic withdrawals are already spiking utilization toward 100% in unrelated Aave markets, locking withdrawals and driving borrow rates to punitive levels. Healthy borrowers with zero rsETH exposure are now getting liquidated.

[BTC ∞/21M @OG21Million]

Result: Completely worthless collateral with no liquidation path → ~$250M bad debt sitting across the protocols.

This is the real contagion risk:
It’s not just the rsETH pools.

[BTC ∞/21M @OG21Million]

@duonine @aave Know your collateral

[Alex Gladstein 🌋 ⚡ @gladstein]

They will all bend the knee eventually

[BTC ∞/21M @OG21Million]

@EricBalchunas Boomer Candy is good enough

[BTC ∞/21M @OG21Million]

@_jonasschnelli_ Any large Western shipping firm paying BTC would face immediate sanctions, insurance, and disclosure risks, making public confirmation extremely unlikely.

[BTC ∞/21M @OG21Million]

@gladstein They are just interested in the fees though…

[BTC ∞/21M @OG21Million]

@MorganStanley MS - $MSBT Bitcoin ETF ✅ (took a while........)
MS - wen tokenized equities ⏳

....wen custody solution (on-chain deposits and withdrawals). ⏳⏳

End goal:
- all assets tokenized, 24-7 markets
- execution fees vanish, custody/services don't 🏁

[BTC ∞/21M @OG21Million]

@MorganStanley IBIT and BlackRock already won.