"Watching @ilblackdragon build @NEARProtocol is a little like watching Elon Musk build SpaceX."
@Matt_Hougan on why NEAR is one of the most ambitious projects in crypto:
Billionaire investor Chamath Palihapitiya:
"We have to become economically viable to be independent forever… I think what that requires is extreme privacy and a monetary system that can be shielded."
privacy is bigger than just crypto
zcash:native near:native solana:ARXwZkNAtzPfdcoqQiduJn8EPv9fKiDfGn2KyggyDrFs 👀
NEAR Intents attacker has responded!
the NEAR Intents Recovery Wallet (0xB18a1...C0e7) has received 1 BNB one hour ago (10:22 AM UTC) with a message in response to @AlexAuroraDev's 48-hour window:
> "Willing to cooperate, reply with your Signal so contact is possible."
the sender address (0x09Fd1...ad37) is tagged as "NEAR Intents Exploiter 1" on BNBScan and is one of the primary addresses identified by @zachxbt as belonging to the attacker -- used in the exploit
Alex offer is a nonbrainer. the attacker had two options:
A. refusing it and living in fear of getting caught
B. accepting it, collecting the bounty, and living free
there are just too many eyes on his onchain trails and liquidating the full amount would be extremely hard, with likely significant losses while doing so
by accepting the 48-hour window offer they can now collect a 5-10% bounty, claim cooperation (greyhat activity), receive legal forgiveness, and maybe even brag about the critical finding one day
it looks like @near_intents exploit will have a happy ending after all
kudos to the team for that!
I am old enough to remember the zcash:native “hack” non event and what happened afterwards
Let’s find out what happens after the near:native hack non event
The future is NEAR.
Introducing $NRR—the Bitwise NEAR ETF—giving investors exposure to the emerging agentic economy.
$NRR is the first spot $NEAR ETP in the U.S. and offers in-house staking to maximize NEAR's ~5% staking rewards.*
Why @NEARprotocol?
↳ Built at the intersection of AI x crypto by foundational AI researchers: The team helped shape modern AI, and now they're building its transaction layer.
↳ Growing quickly: NEAR Intents has processed $32B+ in volume, up from under $1B a year ago.
↳ Designed for security: NEAR Intents settle cross-chain transactions through smart contracts to avoid the potential risks of centralized bridges.
↳ Made for scale: Transactions finalize in ~1.2 seconds and cost a fraction of a cent.
↳ Smart tokenomics: With a ~$6B market cap, NEAR's supply is fully unlocked, inflation was recently halved to 2.5% per year, and fees now fund buybacks.
Why in-house staking?
Staking in-house brings Bitwise's institutional expertise directly to NRR investing with transparency, security, and oversight.
As AI and crypto converge, the Bitwise NEAR ETF ($NRR) gives investors straightforward exposure to the network leading the charge.
Learn more at https://t.co/YSy8HhxoJO
Seeing a lot of confused posts from people who read that
> NEAR offers confidential balances
> NEAR Intents stopped the Bitget hacker's money
How can BOTH be true??
Easily. The door is public. The room is private.
Public: the deposit that puts money in, and the withdrawal that takes it out. Both are ordinary transactions on Ethereum, Tron or Bitcoin, visible to you, me, Arkham and every analytics firm alive.
Private: everything between those two events. Your balance, your trades, your routes, your counterparties.
Near SHIELD works at the door. It read a public deposit address, matched it against stolen-funds intelligence half the industry already shares, and declined. Nothing confidential was opened to do that. Being refused at a door tells you nothing about what is inside the room.
There is also a viewing key mechanism and a compliance council that can open one specific account when law enforcement brings evidence. It exists, it is documented, and it is not what stopped this. The money never got past the door.
Privacy that cannot tell the difference between you and the people who took $387M out of Bitget is not a stronger product. It is a lazier one.
Bitwise published the final prospectus for a spot NEAR ETF. Ticker NRR on NYSE Arca, dated September 24.
Custody is Coinbase Custody. The trust stakes its NEAR and keeps about 67% of the rewards. That part is standard for staking ETFs now, Bitwise runs the same structure on Solana. The effect is still real - inflows do not only buy NEAR on the market, they also move it into staking and out of liquid supply.
When Bitwise wrote the filing NEAR was around the 27th largest asset by market cap with $272M of average daily volume. From now you can hold it in an ordinary brokerage account.
Confidential limit orders are now live on https://t.co/sryybkS1b8, for any assets from any chain.
Set your target price. It fills automatically when the market gets there.
Your order waits out of public view.
One common mistake traders fall prey to is bear market trauma. After a long painful bear market, people forget what bull market rallies look like.
Remember that we saw ETH go from $10 to $1,000 in 2017. SOL went from $2 to $250 in 2021.
NEW ATH
NEAR Intents did $300M+ volume in a single day.
In July 2025, $409M was the all-time total across the protocol. NEAR Intents continues to scale.
For those who just (re)discovered $NEAR:
- Mission is all people own their assets, data and power of choice
- Vision is AI is the frontend, markets/blockchain is the backend
- Privacy is fundamental and enables the mission
- NEAR Intents is universal, private markets routed already $30B, integrated across all of onchain ecosystem from Ledger to ZODL to Metamask to Trust to Brave
- NEAR AI is private AI powering end to end encrypted inference in Brave, Venice, and more
- More products across ecosystem are developing to leverage AI x markets
- Apps in Web3 that don’t want to limit themself to one chain’s users use Intents to enable seamless connect by users of any chain
- near(.)com brings this whole vision together into a consumer product making private unstoppable liquidity and (soon) AI seamless
If you are using onchain and private products you are probably using NEAR.
And if you are struggling onchain - try near(.)com for seamless experience.
Tomorrow, my colleagues have a choice to make: American leadership, real consumer protections, and giving law enforcement the tools they need to address illicit finance, or drive the digital asset industry overseas, leaving consumers vulnerable, and sidelining American leadership knowing full well that no other country is capable of regulating this industry as well as the United States. The choice really is that clear. The Clarity Act is right in front of us and this moment won’t come along again for years. Let’s take the win and get this done.
I bought a fat bag $NEAR today after seeing $ZEC rip again..
$ZEC is now worth around $13B.
$NEAR is still sitting near $2.5B.
and apparently more than $1.5B of ZEC volume has already gone through NEAR Intents..
so there’s an actual connection between them now beyond the charts moving together.
Zashi uses NEAR Intents to let users swap $BTC, stablecoins and other assets directly into ZEC.
Intents collects fees from that flow, then uses the protocol’s share to buy NEAR and remove it from circulation.
last 30 days it did around $2.76M in fees and kept $557K as protocol revenue.
not massive for a $2.5B coin.. but finally something real to track.
NEAR has also cut inflation from 5% to 2.5%, the supply is fully unlocked and the fee switch is already live..
they’re even discussing a sovereign fund that could eventually move NEAR toward fixed supply, but that’s only a proposal atm so i’m not giving it any value yet.
the part i’m trying to figure out now is pretty simple..
if privacy keeps running and more people move money into ZEC, how much of that activity ends up becoming NEAR buybacks?
because NEAR’s own chain revenue is still barely around $1.5K a day, and nobody needs to hold NEAR to use Intents.
so the token capture still has a lot to prove.
but with ZEC at $13B and NEAR at $2.5B, i think the gap is wide.. especially if Intents revenue starts moving with the ZEC volume.