Cave_Eel

An eel emerging from their cave.

[threadguy @notthreadguy]

taiki has been the best crypto trader since 10/10 and i’m tired of pretending like he’s not

[jmo @cuntycakes123]

.@DriftProtocol are honestly some of the biggest shitbags in crypto and no one should ever trade on their exchange ever again. Raise 53m, spend it on the most retardedly expensive and useless bd and promotion. somehow only have 3.8m left in protocol funds (read: user deposited funds, not company funds) to fund a pool for 300m in debt they created themselves by being negligent on security (which they never admit to). Create a recovery pool which they know will never make users whole with a recovery mechanism that forces users neededing liquidty to sell their claims at fractions of pennies on the dollar.

at the end of the the day the founders sit on 53m raised and well more offloaded in 25% of the allocated supply of drift to team. Funds mainly used to pay salaries to team or to aquire users that lost all their money. Going forward none of the remaining funds go to making users whole, instead they will continue to spend in a futile attempt to run a dead business and when everything finally ends the founders will walk away well compensated while the users will hold near worthless recovery rights to a pool of funds built by their trading fees

[bubble boi @bubbleboi]

안녕하세요 한국 형님 누님들 🫧

저는 버블보이​​​​​​​​​​​​​​​​. 미국 전기공학 엔지니어이고, 반도체 업계에서 오래 일했습니다. 한국 엔지니어들 진짜 존경합니다 — 예전에 우리 회사 장비가 삼성 첨단 메모리 노드에 들어갈때 같이 일했는데, 새벽 2시 fab에서도 "식사 하셨어요?" 부터 물어보시는거 보고 진짜 감동 받았습니다.

제 대학 멘토가 한양대 출신이셨어요. 반도체 소자 — 다 그분한테 배웠습니다. 한양대 전자공학 라인 무섭습니다 진짜.

취미는 바나나 막걸리 + 노래방 입니다. 서울장수 바나나맛 발명하신 분 노벨상 받으셔야 됩니다. 마이크 잡으면 김범수 "보고싶다" 아니면 이수영 "라라라" 고정입니다. 눈 감고 한 손 가슴에 — 발라드 국룰이죠.

반도체, HBM, 메모리 사이클 얘기 자주 할거에요. 한국이 메모리 1등인거 우연 아닙니다. 같이 공부하고 같이 돈 법시다.

한국어 부족하니까 틀리면 알려주세요 🙏

버블보이 올림 🫧♥️

[Gwart @GwartyGwart]

I believe self custody of assets with private keys is legitimately one of the most powerful tools for sovereignty we have ever devised but the industry has completely bastardized this term to the point of uselessness. The original notion (in my mind at least) of self custody was having a string of letters and numbers or 12 words that unlock your assets. “Self-custody” when interacting with smart contracts and defi has become virtually meaningless at this point, encumbering coins with layers and layers of risks and dependencies, incredibly misleading

A lot of this narrative was ostensibly for regulatory reasons: “we don’t take custody of your assets, you deposit them in this pool or contract with self-executing code” but that’s so obviously not true at this point it’s an insult to our lived experience. Or, if it is “true” in the literal sense that the code technically always does what it is allowed to do, the “self-custody” component is very far down the list of what is actually important with these systems, a red herring really. Clearly Drift depositors didn’t (don’t) have “self-custody” of their funds. And the common retort is “well Drift doesn’t really either.” ok but North Korea does now.
At this point I liken self-custody in the context of defi to saying that you are the only one with the keys to the front door of a bank vault but there’s another door on the other side of the vault that criminals (or regulators, who knows) can enter with impunity and take your assets. Is it really that relevant that you’re the only one with a key to the front door?

The reason this is jading is because truly securing your wealth with private keys if you choose is a 0 to 1 unlock for some people (maybe the only real 0 to 1 unlock in this space) but that was conflated with all of these systems that have multisigs, upgrade keys, oracle dependencies, layers upon layers, turtles all the way down, often times with very obvious single points of failure. What is the value of self custody when a multisig can reorg your assets out of existence? The whole thing is very disillusioning

[IcoBeast.eth🦇🔊 @icobeast]

You could retire with $1M

- deposit $1M into Solana or Ethereum DeFi
- think you’ll earn around $7k-$8k per month
- within a couple months have the underlying protocol get hacked
- lose 98% of your principal
- unable to write off any of the losses on your taxes
- owe the IRS mid 6-figs
- go to debtors prison for life and have taxpayers cover your room and board

What's stopping you?

[Gwart @GwartyGwart]

When people ask how to avoid hacks I usually recommend having 2 separate devices. One “daily driver” with 0 funds that never touches a blockchain and then a completely separate, dedicated computer used exclusively to also not touch blockchains. I don’t recommend using blockchains

[IcoBeast.eth🦇🔊 @icobeast]

Ever wonder what life would be like if you didn’t know anything about crypto/markets/etc?

Took my kids to the park this morning and I don’t think a single other parent there knew the price of bitcoin or that oil spiked 3% overnight or dollar debasement or the yen carry trade or any of the million other things we’re constantly checking/monitoring.

Feels like a blissful ignorance might be a peaceful (even if a bit boring) existence?

Idk. Not really sure how you ever go to that once you’ve seen this side of things, but it feels like maybe ppl on that side are pretty satisfied with their lives

[blocmates. @blocmates]

https://t.co/NnXodMWMLu

[IcoBeast.eth🦇🔊 @icobeast]

I think the optimistic view on AI doomerism is that if you go outside right now and ask the first 100 people you see about openclaw/Citrini’s article/etc they’ll look at you like you’re speaking a foreign language.

[blocmates. @blocmates]

https://t.co/LP1YppnWw8

[Grant @Grantblocmates]

Here’s the in-person recording of the blocmates 2026 thesis.

Despite a lot of people feeling jaded about where the industry is right now, we believe there’s still plenty to be excited about and a huge amount of opportunity ahead.

Give it a whirl below.

[hoeem @hooeem]

https://t.co/KcngJpu7Gb

[Neutral Trade @TradeNeutral]

https://t.co/zQWubgbjEn

[Brent 🟪 @Brentsketit]

feel like we've built all these antifragile systems w/ defi

but the future looks closer towards programable smart contracts + centralization aspects.

Own the L1, control the security - heavily reduce smart contract risk
KYC + permissioned - remove counter party risk

antithesis of crypto, but imo the future

[hoeem @hooeem]

an open letter to @x and @elonmusk:

1: I follow people because I want to see their content.

2: Their isn’t a global mind hive, we have our own likes and interests, my feed shows me none of it.

3: I want to see intelligent content pushed.

4: I am on X for a reason, I don’t want a feed that’s similar to YouTube shorts, TikTok, or Instagram.

You bought this to be the global town square.

It’s becoming global brain rot and the worst content is being favoured by Grok.

You used to get around 100k impressions on a thread with 1000 engagements.

Now you get around 10k impressions.

Why? Let our voices get seen by others when we’ve written something that a lot of people have found value in.

I’ll always find ways to figure out what the algorithm likes and I’ll always find ways to get my content seen and grow.

I just wish it wasn’t a game every other week.

[Cem Karsan 🥐 @jam_croissant]

One of my favorite interviews I've done in some time. Thanks for letting me share these stories @maggielake

Full interview here 👉 https://t.co/MRpV1LpQN7

[Axel Bitblaze 🪓 @Axel_bitblaze69]

Thank you web3, you ruined me.

i really can’t go back to normal life after everything i’ve seen here…

- i’ve seen airdrops pay more than someone’s yearly salary
- i’ve seen random dashboards turning points into thousands of dollars
- i’ve seen 20 year old kids raise millions with nothing but a pitch deck
- i’ve seen people deploy a meme coin and accidentally make life changing money
- i’ve seen NFT mints cook so hard that many on my timeline turns into millionaires overnight
- i’ve seen people turn $500 into $50k
- i’ve seen charts go up and up and up for weeks and months for no reason
- i’ve seen people go from broke to rich and back to broke in one cycle
- i’ve seen a guy turn a $500 bet on Polymarket into $12K because he clicked YES at the right time
- i’ve seen DeFi yield farms paying more in a weekend than a 9 - 5 pays in a month
- i’ve seen crazy portfolios swings.. like one refresh changes your whole mood
- i’ve seen teens without any dev skills making thousands of $ by deploying a random meme coin on pumpfun

man, i’ve seen alot in this space and once you’ve seen all this…how do you sit in an office and pretend like you haven’t?

how do you explain to HR that you’ve experienced the kind of chaos and dopamine that doesn’t exist in the real world?

how do you tell them your experience is surviving meme seasons, degen culture, airdrop grinds, liquidation cascades and god tier rallies?

I can’t.
It’s too late for me.
i’m cooked in advance.

[Nev @nevaaron]

So excited to announce a new series I'm creating with blocmates

ONCHAIN WORLD

Explaining the onchain world - crypto, AI and everything in between, in a way that (hopefully) doesn't suck and you'd want to show your friends.

Our aim is to humanise the cool experimental tech that's often a bit misunderstood, how it's changing the world and why we should care, just like Tomorrow’s World did in the generation before ours.

We first made a video for LayerZero which we are dubbing as our ‘pilot’ and can’t wait to share what else we have in store.

I'm so grateful I get to make this with blocmates and be the messenger of the cool things being built by people I'm in awe of every single day.

The onchain world is inevitable.

[alex @alexblocmates]

This year we made crypto interviews watchable again.

We've dragged it back to the fact that we are all actual human beings who enjoy decent content.

You’ll have seen it all over the timeline: our Off the Record series. Selfishly we wanted to make stuff we think is cool because there's very little out there.

The goal was to make the conversations enjoyable, creative/unique and humanise the founders that we meet.

We’ve shot all over the world in vinyl stores, dive bars, hotel lobbies, coffee shops, Korean bbqs, American diners, pie & mash cafes, offices and ice cream parlours.

We have a bunch more plans at Devconnect next week and going into 2026.

Thanks to everyone who’s been sound enough to do it with us so far. It’s been very fun.

And here’s a thread of them all, I want a reference point. I��ll add to this each time we do a new shoot at the next conference.

And if you’re building something cool, my dms are open.

[hoeem @hooeem]

her: what are you thinking about

me thinking about how during the 10/10 crypto liquidation event some mysterious wallet got funded with 80-160 million USDC right before Trump's tariff post on China and then opened over a billion in shorts on BTC and ETH with perfect timing down to the minute and closed them at the exact bottom for 160-200 million profit which is impossible without insider info from Trump's circle since his family holds billions in WLFI tokens that dipped 25-30% but they bought back 1.4 million worth right after like they knew it was a setup to clean out leverage and then Binance and Bybit suddenly had "technical issues" freezing orders so traders couldn't close positions or buy the dip while the short whale executed flawlessly and at the same time oracles misfired prices causing stablecoins like USDE to de-peg to 0.65 only on Binance which triggered a cascade of unfair liquidations wiping 1.6 million accounts and 19-40 billion total but insurance funds barely budged and ADL kicked in clipping winners unevenly and market makers like Wintermute moved 700 million including 200 million BTC to Binance hours before like they were prepping the harvest and then data sites like Coinglass got hacked so no one could see the real numbers in real time and exchanges admitted to "system congestion" rejecting close orders with error codes -4118 -2022 -1008 while liquidations ran perfectly against retail and some positions got nuked 25x over even with low leverage because collateral was marked at bogus prints and then rumors spread of two massive trading firms going to zero forced to dump their entire top-100 token books in a fire sale amplifying the altcoin bloodbath down 50-80% in minutes and meanwhile the Chinese Loot Theory fits because Asia was sidelined all year by US narratives like ETFs that got delayed by the government shutdown so CZ launches Aster dex luring billions in OI from noobs right before Xi provokes Trump knowing it'd tank everything and loot the overleveraged longs waiting for SOL XRP DOGE ETFs that never came and then post-crash an invisible predator like a wounded whale or carcinogenic market maker keeps dumping majors into their own shorts suppressing recovery while crypto decouples from rising stocks just like FTX Alameda in 2022 dragging on for months disguised as a bear market and Binance might've orchestrated the whole thing by exploiting their own oracle vulnerabilities to de-peg USDE and cause the cascade specifically to take out Hyperliquid as a competitor but it backfired and now they're reviewing cases case-by-case promising comps benchmarked to midnight but only for that tiny depeg window ignoring the broader manipulation and the awful human cost of traders committing suicide the next day alongside hundreds of portfolios erased including funds that won't admit it publicly and the real winners were a handful of entities pocketing billions in zero-sum derivs while retail became collateral damage in a quiet war between giants and regulators never probe because it's all "just volatility" not negligence or coordination and the market's still acting weird with thin books and artificial pressure like someone's unwinding massive losses by selling non-existing BTC MtGox-style and no full logs or transparency ever gets published so it all smells like a highly coordinated harvest not a market event lmao what the fuck:

nothing babe