Le Comte de Monte-Crypto

✨ Ex Chief Video Editor @TheKusamarian : The #1 news resource on Polkadot Rank III Ambassador @Polkadot クサマ 🇫🇷

[Le Comte de Monte-Crypto @PolkaCode]

Hommage public à Jay
Merci à la team @TheKusamarian pour ces années inoubliables
https://t.co/vh8m01NLkK

[The White Rabbit @thewhiterabbitM]

Go dark.
Stay human. ◼️

Umbra: encrypted chat, anonymous mail & a non-custodial wallet on Polkadot

→ only a hash hits the chain
→ messages self-destruct
→ mail with no sender
→ personhood

It's a demo, but it could actually ship (PolkaVM contracts, 12/12 tests) 😆

[goku @0xgoku_]

some more context on why polkadot losing its relevance, becoming fully isolated today, and losing the market was not mainly caused by treasury spend unlike people think so

when polkadot started funding everything, the leadership was already decreasing in the eco

some early OGs left, migrated, or flopped, it was already dropping out of the top 20, and its token value shrank

since the treasury fully correlated to the value of DOT at that time, it went from high 9 digits to mid-low 9 digits

parity/w3f then positioned and announced that since they don’t want to lead or couldn’t steer the ship on marcom and BD, they were inviting the community to figure it out by using the treasury and finding the best deals by cutting each other’s margins through competition, using its highly sophisticated onchain governance tool: OpenGov, arguably polkadot’s best niche user-end product

so the argument that persuaded the majority of stakeholders at that time was:

either DOT is on the trajectory of a death spiral, and being passive or doing nothing will depreciate the token value anyway so the treasury will be worth nothing regardless,

so you at least spend it, and it became the FAFO way to have a chance: renting some attention, at least on the existing working products (parachains/apps), and getting some mindshare among normies in case one day they want to buy some coins

things didn’t go as expected

in the same way that persistent fragmentation hurts the modular/rollup chain the most, this also led to a lack of coherence across all efforts and introduced a game of thrones in the social layer, with everyone fighting each other for funding and people building their social brand around the dramas

since the treasury is now closed to such funding, which showed w3f’s hand of control over decision-making, today you can slowly observe the attacks directed toward w3f/parity, because there is no one else left to scapegoat or to explain what went wrong

[Jimmy Tudeski @stakenode_dev]

No one cares about Nakamoto numbers if one entity can single-handedly change the whole protocol rules, tokenomics, freeze the funds, or spend all the treasury with governance proposal and votes.

[Centrifuge @centrifuge]

Coinbase has made a strategic investment in Centrifuge and selected Centrifuge as a Preferred Tokenization Infrastructure.

Centrifuge brings deep institutional tokenization expertise.
@coinbase brings consumer access, institutional relationships, and developer reach.

Together, we’re bringing differentiated assets to @base.

[Fintechinex @fintechinex]

LayerZero just apologized for the $292M Kelp DAO hack, killed 1/1 DVN setups, and is migrating defaults to 5/5.

47% of LayerZero OApps were running 1/1. ~$4.5B exposed.

Reminder: Acurast — the Polkadot parachain that chose LayerZero over XCM — bridges $ACU through this same infrastructure to Ethereum, BSC, Base, peaq.

Polkadot's XCM has 0 hacks. LayerZero just survived its largest. Lazarus took $575M from cross-chain bridges in 18 days.

The "DOT doesn't matter" thesis ages by the week.

Source: https://t.co/izvWyCjRpv

[ᑕᗩ₱₱ΞX @CryptoCappex]

5.6 million $DOT were staked yesterday, the highest amount in the last 3 months! 👀

[Le Comte de Monte-Crypto @PolkaCode]

@seunlanlege What about the $BRIDGE airdrop you mentioned? Why was it never distributed, and why is this question never answered on Discord?

[The White Rabbit @thewhiterabbitM]

Browsing DataLake waiting for April stats, the March 2026 data made me stop and think.

60.6M transactions.
133K active accounts.
33 parachains.

The numbers deserve a closer look.
Let's go through them together. 🧵👇

[Christophe Boutry @Ced_haurus]

🚀 Monero (XMR) fait un bond en avant pour la confidentialité.

Jusqu'ici, quand tu envoyais des XMR, ta transaction se "cachait" parmi seulement 16 autres. Pas mal… mais perfectible.

Dès demain (bloc 2 997 100), une mise à jour majeure appelée FCMP++ entre en vigueur. Résultat ? Ta transaction ne se fond plus dans un petit groupe de 16 ... elle disparaît parmi les 150 millions d'outputs de toute l'histoire de la blockchain !

C'est la différence entre :
🚪 Se cacher dans une pièce avec 15 inconnus
🌆 Disparaître dans une mégalopole de 150 millions d'habitants

Personne ne peut plus pointer du doigt ta transaction. Pas de piste. Pas de lien. Rien.

C'est une multiplication par 10 000 de l'anonymat.

Longue vie à Monero.

[Fintechinex @fintechinex]

Polkadot just shipped sponsored transactions — apps can now cover fees so users don't need DOT to interact.

The UX win is real. Onboarding friction was killing adoption.

But this is the third "you don't need DOT" feature in 6 months:

→ Sufficient assets (no DOT for account existence)
→ Asset-pay fees via AMM (no DOT for tx fees)
→ Sponsored transactions (no DOT for any user interaction)

Each one removes a friction.
Each one also removes a DOT demand sink.

Honest question for the community:

If the strategy is to abstract DOT away from the user experience (which is the right UX call), where is the compensating value capture?

Why no burn from Treasury surplus, Coretime revenue, or parachain fees to balance the demand sinks being removed?

You can't have it both ways:

→ Either users need DOT, and adoption is harder
→ Or users don't need DOT, and the network burns/captures value somewhere else to offset

What do you think?

Should JAM include a mandatory burn mechanism — Coretime, Treasury, fees, anything — to offset the demand sinks UX removed?

Or is the current path (UX wins + no compensating capture) actually the right call?

Genuinely curious how the ecosystem reads this.

#Polkadot #DOT #JAM #OpenGov

[Web3 Philosopher @seunlanlege]

Over the past few weeks we have re-audited every cryptographic dependency Hyperbridge relies on.

This has led to the discovery of even more critical vulnerabilities in our code, third-party libraries and even Polkadot itself.

All have been responsibly disclosed and patched. We’ll be publishing a detailed write-up on shortly on all our findings.

The root cause of the original incident was a missing single line of code that permitted proof forgery.

The vulnerable code in question dates to early Polytope Labs days and predates our current review & testing standards, which is why the re-audit was warranted and why it’s ongoing.

Alongside this, we’re launching a bug bounty which will help us work with whitehats on the continued security of the protocol.

[Polkadot @Polkadot]

Pioneered by Polkadot: a new efficient data storage model for everyday Web3 applications

When it comes to storing and serving data, most Web3 apps still fall back on centralized Web2 servers. The missing piece has been a decentralized alternative that is actually suitable for everyday use. Bulletin Chain, pioneered by Polkadot, aims to solve this.

[Daniel Cukier @danicuki]

Clarifying my previous post:

I’m one of ~30 JAM implementation teams — not “JAM itself”.

Our team has already completed Milestone 1 and is close to finishing Milestone 2.

JAM as a technology is still one of the most interesting things I’ve worked on.

The issue is the process and incentives around the JAM prize. After ~2 years of work without compensation, and with M1 still pending, I decided to pause for risk management reasons.

This doesn’t mean JAM is dead or that teams aren’t building — clearly, many are.

It just means the current situation isn’t sustainable for everyone.

Happy to jump back in when there’s more clarity and predictability.

[Web3 Summit @Web3summit]

.@gavofyork “There’s a fair chance I’ll make an appearance. Have you got your ticket yet?"

Get tickets at: https://t.co/KyhFUrq3yC

[The White Rabbit @thewhiterabbitM]

My friends at @KusamaShield blocked me, but I still want to respond to their "Offramps without KYC - Welcome to web3" post about integrating @peerxyz.

Before you offramp DOT this way, here's what nobody's telling you 🧵

[KusamaShield @KusamaShield]

Offramps without Kyc - Welcome to web3

We are proud to announce that we have not only launched a shielded Pool on @polkadot but also integrated @peerxyz directly into our interface.

Offramp $DOT to Wise, Revolut, Venmo, Cash App and lots more fiat options

👇👇👇👇

[Le Comte de Monte-Crypto @PolkaCode]

@Jouhatsu_ai J ai aussi besoin de la ce

[Cyphertux @Cyphertux]

Il y a 2 semaines, certains alertaient sur le fait de ne pas provoquer inutilement les attaquants. Réponse : confiance totale sur la sécurité du bridge.

2 semaines plus tard : 2,5M siphonnés.

Dans la crypto, l’excès de confiance est souvent une surface d’attaque. Même des profils très compétents peuvent tomber dans ce biais.

[Giotto @giottodf]

The first decentralised legal action against a decentralised ecosystem 😅

https://t.co/qOBR0opiqH

[Hyperbridge @hyperbridge]

An update on the April 13 Hyperbridge Token Gateway exploit.

Our initial loss estimate of approximately $237K has been revised upward to approximately $2.5M, with most of the increase reflecting losses from incentive pools across Ethereum, Base, BNB Chain, and Arbitrum.