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most perp dexes "settle onchain." the chain records the fill. the order book, the queue and the matching decision still live on an operator's server.
running onchain is different: placing, cancelling, matching and filling are each transactions that pass through consensus. the record and the execution are the same thing.
that's why we built our own chain instead of deploying on one. an order book is thousands of ops per second per market, and general-purpose chains aren't built for that.
verify, don't trust. full piece below.
At some point we will unlock unlimited energy and with that the ability to shape and re-order physical reality
Energy is a true currency, we will have an abundance of it in the future but match it with demand
Physical scarcity will diminish over time
Digital scarcity won't
Last month, we demonstrated high-rate alchemy: turning mercury into real, stable gold, beating CERN’s record by a factor of 10.
Last week, we enriched isotopes in the world’s most powerful plasma centrifuge, beating the Soviet record that stood for 40 years.
Now, we’re building a fusion reactor in San Francisco to achieve record power density.
This is craazy. I asked one of our PhD engineers to look into NEAR *Confidential* Intents wondering how they designed their system. Unredacted, word-for-word, this was his answer 😱😱😱
"Everything I found out about the privacy claims and confidential intents is so bad that it seems almost comical and I cannot believe what I am seeing. Apparently they run a completely separate instance of the protocol, which is called FAR (as an opposite to NEAR), and that has a permissioned operator set. The entire confidentiality claim seems to rest upon the fact that it is a permissioned chain and the nodes are trusted to keep things private, there doesn't seem to be any deep technology behind it and it also does not seem to be open source. The entities running the nodes are also not publicly known.
I almost feel weird writing this because it is so absurdly bad that it feels like ... I don't know ... a simulation? I know the usual level of overpromising in Web3 but this is so many levels beyond believable that it still feels unreal."
Man can dream $ZEC
Realistically it won't moon like this, but gaining the old highs seems fair game, can't rule out a little more bleeding, but either way it's time to pack the bags
Running a spot twap and shielding, $20k or bust
SoV supercycle
I still can't fathom how Bybit used to be an awesome experience but since Bybit EU it's just a nightmare. On- and offramp transactions getting stuck, nightmare UX, logging in on a second phone logs out primary device (phone), need primary device to log in to web app, when you want to skip using primary device authentication and use a different auth method it brings you to an authentication reset page (wtf?).
The card is nice but has horrendous limits, you can off ramp millions but somehow getting more than 60K yearly spend limit on a card requires a slew of additional verification. None of it makes sense tbh.
Man can dream $ZEC
Realistically it won't moon like this, but gaining the old highs seems fair game, can't rule out a little more bleeding, but either way it's time to pack the bags
Running a spot twap and shielding, $20k or bust
SoV supercycle
The PHP security team is giving advance notice: Upcoming security release Wed, Oct 21st 2026, 14:00UTC, two critical vulnerabilities, both rated CVSSv4 9.2.
PHP users are encouraged to prepare to update. Earlier release if details become public or active exploit evidence.
If BTC is going to do what I think it is about to do, I think you can start thinking about an aggressively managed trend trading strategy where for a little while you can buy 3-5% dips safely before a larger 6-8% dip and towards the latter faster moving stages this will increase to 10-15% before eventually a full leverage reset happens with a 20-30%+ correction
I think we have had buyers since the bottom and from here on out who accumulate(d) price agnostically, because they have to do something with their balance sheet to diversify their risk, whilst everyone knows equities are becoming increasingly harder to squeeze higher, gold is performing poorly and treasuries are in tough spot. Bitcoin is about to click for a new tranche of investors and JPM just signalled to the world they think it will be the best performing asset class for 2027. Not coincidentally we saw the largest daily ETF inflow of the year, on Monday. Whilst everyone was talking about Black Monday.
This pattern has occurred in various forms during multiple starts of bull runs where price moves strongly, consolidates, moves higher but struggles to really get going, whilst respecting the earlier consolidation as support. This is typical disbelief.
It was also visible in the 62-65 region where it was basically refusing to sweep liquidity and then moved higher and I believe the same is happening right here
BTC has once again had every reason to go lower over the last weeks and refused to do so
Buckle up, I could be wrong, but fuck me and take a little gamble
I fully expect a little more chop next days and the strong alts to gear up leading the charge into November and December