Networking web3 & web2 | Exploring quantum-blockchain & AI | CM @Sumex_Labs | Community & Regional Lead | Trade
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Claimed my steaming $CTR airdrop from @citrea_xyz after riding through devnet, testnet, and finally mainnet.
It’s honestly mixed feelings for me right now because a large part of the community I onboarded into Citrea got nothing despite the time, effort, and consistency they put in. I really feel the team could’ve handled the eligibility criteria better to accommodate more active mainnet users and community members.
To everyone who didn’t make it in, hopefully bigger wins come with the next opportunities ahead.
Still, grateful to Citrea for the reward 🤝
gm and happy new week to y'all!
my bro @nolabashy and his gang, heading back to the village.
wishing you guys happy returns in good health and happiness!
gQuip 🟣
Imagine compute becoming a marketplace of possibilities, where operators contribute capacity and workloads find the resources they need.
That’s the vision behind @quipnetwork. Turning scattered compute into connected potential.
GRVT JUST TURNED A TOKEN COMMITMENT INTO ONCHAIN PROOF 🔥 @grvt_io
1.1M $GRVT bought on the open market. Permanently burned. Nearly 1% of circulating supply at the time.
@grvt_io has completed its first token buyback, and what stands out to me is the difference between announcing a commitment and actually executing it.
These tokens weren’t simply held in a treasury. They were burned, permanently removing them from circulation.
And that’s what makes this milestone meaningful.
A roadmap tells the community what a project intends to do. A completed transaction gives people something concrete to verify.
Grvt also makes the process transparent through a public dashboard tracking purchases, the percentage of circulating supply, cumulative burns and onchain transaction hashes.
Future buybacks are intended monthly, but remain at the issuer’s discretion. There’s no guaranteed schedule or fixed purchase amount.
What makes this milestone more interesting is what comes next.
The buyback is the first of five announcements leading to Grvt 2.0, with tokenized fixed-income strategies, multi-asset perpetual markets, yield-bearing trading margin and a redesigned self-custodial app scheduled to roll out through November 2026.
For me, the real test is how consistently Grvt can turn these commitments into products people find useful.
The burn is execution. Transparency makes it verifiable. Grvt 2.0 now has to deliver on the broader vision.
That’s the progression worth watching.
A token buyback announcement is easy to publish. A completed buyback that people can independently verify is a different standard.
That’s what caught my attention about @grvt_io
The Foundation’s token issuer purchased 1.1M $GRVT on the open market and permanently burned the tokens, removing approximately 0.96% of circulating supply according to Grvt’s dashboard.
Three details matter here:
1. The action is complete.
This isn’t a promise to buy tokens at some point in the future. The first purchase and burn have already happened.
2. The tokens were burned.
They weren’t merely retained in a treasury. The burn permanently removes them from circulation.
3. The records are public.
Grvt provides a dashboard with buyback figures and onchain transaction information, giving the community a way to verify the reported activity.
One thing to keep in mind: future buybacks are intended to happen monthly, but they remain discretionary. The first transaction does not guarantee a fixed schedule or amount.
And a reduction in circulating supply should never be confused with a guaranteed increase in token price.
For me, the more meaningful question is whether Grvt can combine transparent execution with sustained product development.
Grvt 2.0 is planned to introduce tokenized fixed-income opportunities, new perpetual markets, yield bearing margin and a unified self-custodial app.
Those are tangible things users can evaluate as they launch.
Transparency earns attention. Execution earns credibility. Products have to deliver the lasting utility.
Now, it’s about seeing how Grvt delivers on that vision.
A $24M market cap against $442B in cumulative perp volume!
$GRVT deserves a closer look.
I came across a creator’s post checking @grvt_io on DefiLlama, so I decided to dig into the numbers myself.
Here’s what caught my attention:
• $442B in cumulative perp volume
• $14.7B in 30-day volume
• $432M in open interest
• $34M in TVL
• $24M in circulating market cap
That’s substantial trading activity relative to the token’s current valuation.
Of course, volume isn’t revenue, and a low market cap alone doesn’t make a token undervalued. But GRVT already has meaningful traction to build on, and turning that activity into sustainable revenue and long term token value is what makes the story interesting.
With an FDV of around $212M and only about 11% of the maximum supply circulating, future unlocks remain important.
The recent 1.1M $GRVT buyback and upcoming GRVT 2.0 add more reasons to watch what comes next.
My take: the trading activity is already there. Now it’s about execution, growth, and stronger value accrual.
At this valuation, $GRVT has my attention. 🔥
X at it again. How am I manipulating the system when I only make a few posts daily, with barely any tangible engagement?
I've already requested a review of this label btw, and I hope they clear it from my account ASAP.
X at it again. How am I manipulating the system when I only make a few posts daily, with barely any tangible engagement?
I've already requested a review of this label btw, and I hope they clear it from my account ASAP.
What if the same capital you use to trade could also keep earning yield while you wait for your next opportunity!
That’s the idea that makes @grvt_io’s Grvt 2.0 roadmap worth watching.
Grvt has completed its first $GRVT buyback and burn, permanently removing 1.1M tokens from circulation nearly 1% of the circulating supply at the time.
But the bigger story is how Grvt plans to connect earning and trading through one self-custodial experience.
• Grvt Earn: Tokenized fixed-income strategies targeting yields of up to 11%. That’s a target, not a guaranteed return.
• Stable Funding Perps: Planned markets across stocks, FX, commodities and indices, with zero trading fees and once-daily funding.
• Yield as Margin: Eligible Earn balances could support trading positions while continuing to earn yield, subject to product terms and risk parameters.
• Grvt 2.0: A unified app designed to bring these capabilities together.
Yield as Margin is the feature I’m watching most closely.
Traditionally, putting capital to work in a yield product while keeping it available for active trading can mean choosing between two uses for the same funds.
Connecting those functions could make capital more flexible and efficient, without requiring users to treat earning and trading as entirely separate activities.
The challenge will be delivering that experience with clear risk controls and reliable execution.
The buyback shows a completed action. Grvt 2.0 now has to demonstrate the value of the products behind the vision.
The bigger opportunity isn’t simply holding more assets. It’s making capital work across more of the financial experience.
CDN MORNING NUGGET | EDITION 22
A beautiful morning and happy Sunday to y'all.
Markets are taking a breather after a rough week, but there is still plenty to watch.
The Fed meets on wednesday, while rising oil prices and fresh DeFi hacks are keeping investors alert.
Crypto Market
Market prices:
bitcoin:native around $81k
ethereum:native around $2.4k
solana:So11111111111111111111111111111111111111112 around $100
$XRP around $1.3.
Bitcoin ETF outflows continue: US spot Bitcoin ETFs lost another $137.9 million on Friday, following Thursday's $635.6 million outflow.
Despite the two-day sell-off, the funds still recorded net inflows for the week.
Franklin Templeton expands its plans: The asset manager has moved forward with plans for two ETFs that combine US stocks with Bitcoin exposure. The products would use dividends to fund their Bitcoin allocations.
Web3 & Policy
X100 loses $4.85 million: Attackers took control of two out of three governance seats in the X100 protocol and used that control to drain funds.
The attack highlights the risks of DeFi projects that allow small groups of holders to control treasury decisions.
DeFi hacks hit a new high: Reports put October's DeFi exploit losses at $718 million across 11 attacks, making it one of the worst months on record.
HSBC launches RedCoin: HSBC has launched its Hong Kong dollar-backed stablecoin through PayMe, which serves more than 3.3 million users.
The stablecoin supports payments between users and merchants, with tokenised investments planned.
Economy
Fed meeting ahead: The US Federal Reserve meets on October 27 and 28.
Most economists expect rates to remain unchanged this week, but all 100 economists in a recent Reuters poll expect a rate hike in December.
Oil and markets remain under pressure: Oil prices climbed above $100 as tensions in the Middle East raised supply concerns.
The Dow also lost around 650 points on Friday, while the US 10-year Treasury yield returned to around 5%.
Nigeria Watch
Naira weakens: The dollar traded around ₦1,362 at the official market on Friday.
Nigeria's foreign reserves rose to $55.16 billion as of october 22, but demand for dollars continues to put pressure on the naira.
AI world
Zoom launches new AI tools: its new AI agents can help teams turn meeting discussions into completed tasks.
Quantum today
ORCA launches PT-3: its new quantum computer combines with NVIDIA computing to support AI research and complex optimisation tasks.
What to Watch Today
➛ Whether BTC can hold around $80k
➛ Any new developments from the X100 exploit
➛ Oil prices and tensions in the middle east
➛ Fresh updates on DeFi security
What to Watch Tomorrow
➛ Whether Bitcoin ETF outflows continue
➛ Market positioning ahead of the Fed meeting
➛ New developments in stablecoins and DeFi
Bitcoin ETF flows have turned negative ove the past two days, while oil prices and security risks remain in focus.
The Fed meeting could set the tone for the week ahead.
Stay informed. Stay ahead.
Wishing y'all a wonderful week ahead.
okay, you guys have been asking for a guide on how to earn ZAPs on @zerufinance.
i'll make this as simple as possible.
what's Zeru Finance?
Zeru is a trust oracle for onchain finance. it turns wallet behavior into trust signals that help determine who gets access to credit, qualifies for certain opportunities, and participates in a market.
what are ZAPs?
ZAPs are Zeru's points earned through verified onchain and offchain activities, including trading, swapping, providing liquidity, staking, voting, and completing quests.
how to earn ZAPs
there are currently three main ways to earn ZAPs: quests, campaigns, and referrals.
getting started
➛ sign up: https://t.co/lKpw0ZkrDe
connect your wallet or X account to set up your profile.
➛ visit Progress
connect your social accounts, complete available quests, and earn ZAPs.
➛ visit Clans
create your own clan or join one built around your favourite creators.
i'd love to have you in my clan. we've got some juicy perks planned for members.
join here: https://t.co/RWpZlWE2aZ
➛ visit Campaigns
explore ongoing campaigns and complete the required activities to qualify for rewards.
Zeru currently has campaigns with @Ditto_Network and @useaspen, offering rewards in USDC and ZAPs. check the campaign pages for their specific requirements.
➛ visit Referrals
invite your frens using your referral link and earn through the referral programme.
and no, this isn't your regular referral farming. 😂
for the first 28 days, you earn 10% of the ZAPs your referrals generate, while 10% of your own ZAP earnings goes to them over the same period.
that's it. explore the platform, complete activities, and start stacking ZAPs.
if you've used protocols lik jumper, relay and other on-chain dexs/bridges, go sign up on Zeru finance today and claim ZAPs.
here: https://t.co/QLps6Sy17A
complete avaliable quests to earn more.
Omg, Jack Dorsey’s new voice AI, Dessa, has me blown away.
Right now, you can usually tell when you’re talking to AI. The voice, the pauses, something gives it away.
But listen to these demos. It laughs mid-sentence, reacts to your tone and listens while talking. Sounds so human.
Apparently, it learned all this from human conversations alone. No text, no pre-trained models.
Check the demos here: https://t.co/NBigb1HmSY
It’s not available to the public yet. They’re giving a small group of AI safety researchers early access first.
Soon you might be on a call and have no idea whether you’re talking to a person or AI.
That’s both cool and a little scary tbh.
wallet address submission on @BeldexCoin loyalty hub ends in 8 days.
below is a guide on how to install the beldex chrome extension wallet and set up your wallet.
also, don't forget to complete the available tasks on the portal. some of them end in just 1 day.