Austin

[Phantom @phantom]

Introducing: Phantom Perps 👻 ♾️

Go long or short in just a few taps.

100+ markets. Up to 40x leverage. All in your pocket.

Powered by @HyperliquidX

[Arkham @arkham]

BREAKING: WE’VE IDENTIFIED EVEN MORE OF SAYLOR’S BTC - 97% OF ALL HOLDINGS

We have identified an additional 53,833 BTC ($5.75B), bringing our coverage of Saylor’s Bitcoin holdings to $59.92B, almost ALL of his BTC.

We are the first to publicly identify these holdings.

[KIN | Human Machine AI @WeAllKins]

The biggest crypto hack in history just happened. $1.5B gone. 💸

Bybit (@Bybit_Official), one of the largest exchanges, got drained in a sophisticated Ethereum exploit. But here’s the crazy part — North Korea might be behind it. 🇰🇵

Here’s what went down. 👇

It all started with a routine transfer. 🔄

Bybit was moving Ethereum from its cold storage to a warm wallet for daily trading. Somehow, hackers intercepted the transaction and siphoned off $1.5 billion worth of ETH. 😨💀

The attack sent shockwaves through the crypto space. ⚡

Bybit has 60M users. When news of the breach hit, withdrawals surged. Over 350,000 users tried to pull funds, leading to major delays. ⏳

People were scared. Exchanges have collapsed for far less. 😬

But Bybit’s CEO, Ben Zhou (@benbybit), responded fast. ⚡🔥

He reassured users: “Bybit is solvent, even if we don’t recover the funds.” The exchange had $20B in customer assets — enough to cover the loss.

That’s a huge flex in an industry where hacks often mean collapse. 💪🛡️
https://t.co/cpAWpofERk

Then, the hunt for the hackers began. 🕵️‍♂️

Crypto intelligence firms traced the stolen ETH across different wallets. The biggest suspect? North Korea’s Lazarus Group — an elite cybercriminal unit known for billion-dollar crypto heists. 🇰🇵💰

If true, this is bigger than just Bybit. 😳

North Korea has been using stolen crypto to bypass sanctions, fund weapons programs, and build a secret financial system. Some believe they’re positioning themselves as the first crypto-backed nation-state. 🤯🚀

Meanwhile, Bybit was already working on a comeback. 🔄

Within days, they closed 88% of the deficit. How? A mix of whale deposits, direct purchases, and emergency loans from partners like Galaxy Digital, FalconX, and Wintermute. 🐳🏦

Even Tether (@tether) and Circle (@circle) stepped in. 💰

They froze $42.89M of the stolen funds, making it harder for Lazarus to cash out. Other firms joined the effort, proving that the crypto industry CAN work together in times of crisis. 🤝🛑

But here’s the real question — how did this happen in the first place? 🤔

According to former Binance CEO CZ, Lazarus exploited multi-sig cold wallets across multiple exchanges, tricking front-end UI systems into displaying legit transactions while swapping the real signatures. 🔐

This wasn’t a simple hack. It was next-level. 🚀

The security debate is heating up. 🔥

CZ suggested pausing all withdrawals as a precaution, but not everyone agrees. Some argue that halting withdrawals causes more panic, while others think it's the best way to prevent further damage.

Who’s right? Depends on who you ask. 🤷‍♂️

Despite everything, Bybit isn’t backing down. 🏴‍☠️💪

Zhou has vowed to “fundamentally transform” security measures, improve liquidity, and reinforce trust in the exchange. A new proof-of-reserves report is also on the way.

Lessons will be learned. But will they be enough? 🤨

https://t.co/PPKJOyOM2s

This isn’t just about Bybit anymore. 🚨

If North Korea really is behind this, it raises huge questions. Are state-backed hacking groups turning crypto into a financial weapon? Will the industry finally crack down on security gaps?

And most importantly — who’s next? 😬💭

🚀 This story isn’t over.

The biggest crypto heist in history has set the stage for something even bigger. Regulators are watching. Hackers are adapting. Exchanges are scrambling.

What happens next could define the future of crypto security. 🔥🔐

That’s a wrap.

If you found this valuable:

1️⃣ Like the first post.
2️⃣ Repost and bookmark.
3️⃣ Follow me @HumanMachineAI for more.

[Freddie New @freddienew]

🚨 Public Service Announcement for UK #Bitcoiners! 🚨

You may be aware that owing to the erroneous categorisation of #Bitcoin by @TheFCA (which @bitcoinpolicyuk and the majority of the industry strongly argued against), exchanges in the UK are bringing in new ‘customer frictions’ before allowing you to buy or sell #Bitcoin. So much for the UK’s laughable policy ambitions to make this a crypto asset hub, @CryptoUKAssoc and @cryptoappg.

The process normally involves two steps - firstly describing what kind of investor you are, and secondly passing a quiz or questionnaire. If you are a new customer, you will likely also need to wait for a 24 hour ‘cooling off’ period before you buy.

@bitcoinpolicyuk have been collating examples of each and every exchange questionnaire that has been released so far. We will pin this thread and keep adding to it as we review more. If you are struggling with the process, or if you want to get a sneak peek at what they look like, please check out the list below. 

So far, we have examples from @CoinCorner, @coinbase, @krakenfx, @RevolutApp and @UpholdInc. We’ll update the list and this tweet as more come in.

Remember, if you don't want to go through these absurd and unnecessary steps, you can always buy peer to peer without these restrictions from @peachbitcoin, @hodlhodl or @bisqnetwork, just for a start.

@BimAfolami, @NatalieElphicke, @CryptoUKAssoc and @cryptoappg- I am afraid this entire bungled process sends a very different message out to the world than the ‘cryptoasset hub’ headline that is the policy of this government. It demonstrates nothing but hostility and a frankly confused approach to an industry that the UK could have made its own in a way distinct from both the US and EU, but where it is now being left in the dust.

[Jacob Phillips @JacobPPhillips]

Frequently getting asked what's interesting in BTC DeFi.

Here’s an ecosystem overview (40+ projects that come to mind), with the need-to-know’s on each project, so you can decide for yourself:

——————————————

BTC DeFi:

@babylonlabs_io — Bitcoin staking protocol. built directly into Bitcoin script. Think of it as Eigenlayer for BTC. $6bn in TVL.

@satflow — Pro DEX on BTC L1. Tier-1 team of very principled builders working on tooling for BTC on-chain traders. Backed by Nascent & Variant. Led by @robertjfclarke.

@satlayer — BTC-focused restaking platform (Babylon for double signing -> Satlayer for generalized slashing). Solid team & backers.

@yalaorg — BTC-backed Stablecoin. Strong team pedigree (Alchemy Pay, Circle, Binance Labs, MakerDAO).

@MezoNetwork — BTC L2 with a Bitcoin-backed Stablecoin, built by the Thesis team who shipped both Keep Network & tBTC. Tier-1 team, extremely principled, led by @mhluongo & @blockchain_bri

@tBTC_project  — BTC Wrapper. The OG decentralized BTC built by Threshold Network. Live in prod for many years at this point. Operated by a DAO. ~$500mn TVL.

@nomicbtc — BTC wrapper. Focused on Cosmos ecosystem. Team was working on this well before BTC narrative became hot (I believe since DeFi summer).

@IgnitionFBTC — BTC Wrapper. Backed/operated by Mantle, Antalpha, and Cobo, so extremely well connected in the East.

@ibtcnetwork (frm https://t.co/WAp0zUhmN7) — BTC Wrapper. Uses discrete log contracts to allow for a BTC derivative that’s backed by BTC locked in your own wallet. Seems to be making significant strides in the Institutional space.

@ZeusNetworkHQ — BTC Wrapper & Interop protocol. Focused on Solana ecosystem.

@BimaBTC — BTC-backed Stablecoin, primarily backed by BTC LSTs.

@avalonfinance_ — BTC-focused borrow/lend protocol. Forked from Aave. Has put up some impressive TVL numbers on Bitcoin L2s.

@Pell_Network — BTC-focused restaking.

@pStakeFinance — BTC LST. Cosmos-based liquid staking protocol that went all in on BTC.

@SolvProtocol — BTC LST & Wrapper. Evolved from a DeFi NFT protocol into BTC DeFi. Partnered closely with Merlin in the early days. Recently launched token on Binance.

@Pumpbtcxyz — BTC LST. Founder was heavily involved in the WBTC ecosystem. Solid liquidity to TVL ratio.

@Bedrock_DeFi — BTC LST. Team has launched LSTs for multiple networks.

@LorenzoProtocol — BTC LST & more. Led by @MattYe_MEP who is always cooking on new protocol ideas.

@xverse — The most popular BTC-native browser extension.

@Lombard_Finance — Leading BTC LST ($1.9bn TVL), only BTC LST that hasn’t depegged multiple times. Working with Aave, Etherfi, Fluid, Maple, Derive, Symbiotic, etc. Building towards trustless BTC.
(Note: cofounded by author of this post)

——————————————

BTC L2s & Infrastructure:

@use_corn — ETH DeFi OG’s (BadgerDAO, Slingshot, Lido, etc.) creating a BTC L2 on Orbit Stack. Will have major ETH DeFi protocols & brand new DeFi experimentation with BTC (see @spadaboom's posts). Also has elements of a meme chain for BTC (think of this as Berachain x BTC DeFi).

@AlpenLabs — One of the leading teams in the BitVM space. Cracked team + big backers. Everyone has their eye on this one.

@citrea_xyz  — BitVM project, backed by Founder’s Fund.

@fiamma_labs — BitVM project working very closely with Babylon.

@build_on_bob — BitVM project with a chain that’s already live. Evolved from Interlay (BTC-focused Polkadot parachain), been building for years. Arguably leading BTC L2 by DeFi activity.

@botanix — Likely to be a top BTC L2 once live. Based on a network of interwoven multisigs (“Spiderchain”). Big backers, very well regarded, & always coming up in the conversation.

@hemi_xyz — Founded by @MatthewRoszak (founder of Bloq). Very strong technical team. Floating a bit under the radar pre-launch, but rumored to have big whales onboard.

@PlasmaFDN — Backed by Bitfiniex & Tether founder. Focused specifically on USDT payments (on top of BTC).

@Stacks — One of the OG Bitcoin L2s. Evolved from Blockstack that dates back to the 2017-18 cycle. Not EVM compatible. Largest native ecosystem of any BTC L2.

@BitlayerLabs — Emerged as top BTC L2s early on with strong traction in Asia + big fundraise from Framework, Polychain, Franklin Templeton. Went live early 2024. Bitlayer has huge team that includes Ex-Huobi folks & a large research team building BitVM.

@nubit_org — BTC L2 & DA layer. Very strong, research-heavy team, led by @captain8299. Building BitVM & Goldinals (erc20 equivalent for Bitcoin).

@Coredao_Org — POS/POW hybrid consensus. One of the first BTC L2s with a live token (2023, $1bn+ FDV).

@BSquaredNetwork — BTC L2 & DA layer. Likely to be an early Babylon BSN.

@ArchNtwrk — Multicoin’s BTC L2 bet. Focused on enabling more expressivity without leaving BTC L1 (similar philosophy to Satflow). Programs can be invoked from BTC Mainnet UTXOs.

@ChakraChain — Shared settlement layer for BTC. Founder previously was a researcher at MIT & built a Starknet L3.

@BTC_OS — BTC L2 using ZK. Built by the team who built Sovryn (an early BTC DeFi app).

@fractal_bitcoin — BTC L2 built on Bitcoin Core that support more expressivity and experimentation than BTC L1 (reminds me of Kusama for BTC). Built in close collaboration with UniSat. Led by @spenceryang

@bouncebit — BTC L2 & DeFi infra. Built by team from Bounce Finance (auction protocol). Focused on CeDeFi, allowing for BTC DeFi products with Ceffu custody as a base.

@TaprootWizards — I actually don’t fully know what these guys are cooking, but the team/community is stacked (@udiWertheimer) and they just announced a $30mn raise. NFT community -> top-tier project is something we’ve seen before.

——————————————

Others (these aren’t all-in on BTC DeFi, but key players nonetheless):

Etherfi — Built eBTC, the first restaked BTC, backed exclusively by LBTC. Anything etherfi touches fills with liquidity.

StakeStone — Made a name for themselves with STONE (staked ETH) and were an early player in BTC DeFi with SBTC (wrapped BTC) & StoneBTC (LBTC backed). Everyone loves this team.

StarkWare — Inventors of the STARK, ETH L2 pioneers, now very focused on building on BTC, with a focus on OP_CAT.

Dfinity (Chain Key Cryptography) — This one is very under the radar, but I like to mention. Dfinity validators operate a BTC wallet via an MPC protocol built into the L1. Pretty cool.

Osmosis — OG Cosmos team building a cross-chain DEX. Did $169mn in BTC trading volume last month.

——————————————

p.s. I'm sure I missed some protocols, and I certainly don't claim to be experts on all of these. Hopefully, this is a useful starting point for those who wish to dive deeper into BTC DeFi.

[Wei Dai @_weidai]

Why Google's Willow quantum computing chip is a big step forward and why you (probably) don't have to worry (for now).

- It's a big moment for quantum computing: Many applications of quantum computing require logical qubits and Willow demonstrated exponentially decreasing error rate as number of physical qubits added to the system. This means that we are one step closer to a quantum computer with logical qubits. (See the roadmap below from the announcement blog post.)

- The 5min on QC vs. 10^25 years w/o QC comparison is a bit overselling regarding Willow's usefulness today. The reason is that this estimate is done for a problem called random circuit sampling (RCS), which is specifically designed to be hard on classical computers but easy on quantum computers, especially those that can be built in the short term. (See figure from blogpost below. Usefulness of solving RCS is basically zero.)
Different computational problems will have different gaps between classical computers and quantum computers that can be built. Notably, to break signatures used in cryptocurrencies (ECDSA over secp256k1, Ed25519, or >2000-bit RSA), we'd need at least thousands of logical qubits.

Nevertheless, the crypto community should be moving to post-quantum cryptography. Luckily, NIST has had a 7-year standardization effort and recently released a set of three encryption and signature algorithms.

- If Moore's law for quantum computing were to be true, quantum error correction demonstrated by Willow may mark the starting date.

[SWIPER @0x_Swiper]

🦊 Let’s start with a key step that can filter out 99% of tokens: @InsightXnetwork.

This tool, along with its advanced bubblemaps, can help you screen tokens effectively.

Just check the interactions among holders by inserting the contract address (CA). It’s a great way to spot any suspicious patterns early on.

[SmartMoneyCrypto @SmartMoneyCrpto]

Oh look another 100x call how lucky 😜

You should probably be in my discord 🍀

$doge

[SmartMoneyCrypto @SmartMoneyCrpto]

$UNI is moving up

Co-founders dog on $SUI

This will run with SUI this cycle

We early 🚀

[Xerberus @xerberus]

MELD on-chain https://t.co/6YIwlOHpco

[plutos @plutos_eth]

3. Create unique filter presets to separate tokens.

With practice, you will be able to select the best filters for yourself that will help you search for real potential gems:

One of my filters:

• Liquidity range: $10-15k
• MCap range: $40k - $100k
• Maximum pair age: 12-48h
• Minimum 5-minute transactions: 25

[Kyle Chassé 🐸 @Kylechasse]

Two of the most underrated projects right now are:

@getbasedai (incredible potential to be bigger than $TAO imho)

@pepecoins (biggest and most OG meme that most are sleeping on)

[563 @563defi]

What can you actually do with Bittensor?

Fine, here's a list of every app you can use today that is powered by Bittensor subnets 👇

// Aggregator Frontends //

These frontends let you play around with several Bittensor-powered applications:

https://t.co/7A0zIcwilR and https://t.co/3eQmFq1OvO from @Corcel_X

https://t.co/6QkZn48jg8 from @taodotbot

// Subnet Apps //

Subnet 3 (SN3) - generate some some text-to-speech from @myshell_ai
https://t.co/FfSFqtIDTb

SN4 - unlock a Perplexity alternative with Sybil from @manifoldlabs
https://t.co/YRnIiV5zUa

SN5 - query ETHDenver transcripts from @openkaito
https://t.co/YmOgV7RJVP

SN8 - access trading signals/bots from @Timeless_io , which uses @taoshiio

SN10 - optimize your DeFi yield with @SturdyFinance

SN11 - play with roleplaying bots from @dippy_ai

SN12 - rent some GPUs from Horde
https://t.co/3fZp8pAjTl

SN17 - generate 3D models from @404gen_
(discord and blender bots) https://t.co/vzWD0jYcLj

SN18 - use ChatGPT 4o and other SOTA LLMs from Cortex.t
https://t.co/enZXW6Hm5I
https://t.co/HBGcpoH9DN

SN19 - access fast decentralized text and image inference from Vision/Nineteen
https://t.co/GdbDiGj3J6

SN20 - leverage personal assistant bots from BitAgent
https://t.co/wLiApdC7i6

SN21 - play around with multi-modal chat from @omegalabsai
https://t.co/yMUtyS7767

SN22 - query google/reddit/twitter/other sites for searches
https://t.co/ub9rSNJaNy

SN23 - use various image generation models from @NicheTensor
https://t.co/REnyKsipgu
Also - use their @MakeItAQuote bot from @SocialTensor

SN24 - (loose fit as an "app," but...) get paid to focus from @omegalabsai
https://t.co/nw4R5LBWUU

SN26 - generate images with @TensorAlchemy
https://t.co/GUcdLSFUzQ

SN27 - rent GPUs from @neural_internet
https://t.co/EYAd6MAK8C

SN32 - detect AI-generated text with @ai_detection
https://t.co/gUvtQ96aQx

SN33 - (loose fit) set up an AI persona for your business with @ReadyAI_
https://t.co/IY7LGdn7Eh

SN34 - detect DeepFakes with @BitMindAI
(webapp) https://t.co/t9vciMR6dW
(browser extension) https://t.co/mg7VYvqnYQ

SN43 - study graph-optimization problems with Graphite. Solve your own traveling salesman problems:
https://t.co/29ED7SADYg

SN45 - use a coding assistant from @Gen42AI
https://t.co/eWZQtn4B1U

SN46 - generate 3D models with @GoNeuralAI
https://t.co/2MMmkCuHjR

SN49 - translate text to different languages with Sylliba
https://t.co/IS9DVBDaxY

SN50 - generate music with @bittaudio
https://t.co/aHx6hH3klJ

SN51 - rent some GPUs with the Compute Subnet from @fish_datura
https://t.co/2sWGIZfdN4

// Conclusion //
- If you want to stay up to date on the updates from the ecosystem, be sure to follow @TAOTalkPod for our weekly show!
- My most-used app is probably the frontend from Corcel, but I've been having a lot of fun playing around with the new offerings from the other providers.
- This list will likely be outdated within the week. Be sure to check https://t.co/v0cy7iRmZV by @Old_Samster for a fantastic overview of the subnets, their links, and accomplishments.
- I generally don't consider mining/validating to be an application, so I shied away from those here
- Which are your favorites? What would you want to see built as a Bittensor subnet next?

[Edgy - The DeFi Edge 🗡️ @thedefiedge]

If you want a daily crypto research workflow, read this:

[ZachXBT @zachxbt]

1/ Welcome to Shill Team 6: Scott Melker

First let’s kick it off with ScottMelker.eth

Pay close attention to the registrant address.

[adrian defi @0xadriandefi]

Creators of $SAVM and greedy influencers made millions 🐳

All they did was buying a token pre-launch at the right time.
These shills are the most disgusting form of exploitation of followers.

It's time to reveal the story behind the SAVM launch 🧵👇

[adrian defi @0xadriandefi]

@WazzCrypto I have summarized the SAVM story once again. Here are a few more shillers. https://t.co/ALJDp0wsvz

[Joey Yochheim @joeyyochheim]

You’ve been lied to.

The American Health system wants you obese.

Debunking 15 nutrition myths they taught you in school:

1. Myth: Eggs Raise Your Cholesterol

[DeFi Warhol @Defi_Warhol]

Pendle was one of the most mentioned protocols in September.

I was genuinely surprised that so many people still don't understand how it works.

A noobish overview of @pendle_fi 🧵

[Stacy Muur @stacy_muur]

What does the future of @solana look like?

Key insights from @Delphi_Digital's "Solana the Modular" research ↓