Michael Zembowski

Putting Founders and Capital in Motion. Crypto as a technology platform not a betting casino. Hockey fan, Bogey golf. #AI #Crypto.

[Michael Zembowski @MikeZembowski]

Upper deck is empty! Two best teams, Jim Kelly’s nephew at quarterback. Families can’t afford events, adjust your pricing #CFL
Canada needs to create real jobs.

[Marc Cohodes @AlderLaneEggs]

When the dust settles, the banking regulator @OSFICanada has turned a Blind Eye to the massive Mortgage Fraud and Money Laundering, not to mention Terrorist Financing that is The Arctic Mexican Financial system @BenRabidoux @scoopercooper @SecScottBessent

[Michael Zembowski @MikeZembowski]

@sarkonakj 70% of mortgages are fake documents. Rules need to change. Banks should act like Canadian institutions to be held accountable.

[Michael Zembowski @MikeZembowski]

Canada lost 42,000 jobs in August, StatsCan says:
article is on CBC news page. In Sept, seasonal jobs will be lost and added to next unemployment rate. https://t.co/vjEcjbtM62

[Michael Zembowski @MikeZembowski]

First season @TSN shows team record at the bottom of the screen @Redblacks go 0-10 worst season.

[Michael Zembowski @MikeZembowski]

Look how many empty seats. 2 good teams, professional football. Canada has major employment/affordability problem.

[** W. Brett Wilson ** @WBrettWilson]

As an Albertan, I’m asking Canada to reform Equalization so every province’s natural-resource wealth is measured on the same economic basis.

If Alberta’s oil and gas resource capacity counts when determining our ability to pay, Quebec’s enormous hydroelectric resource should be valued fairly too — including the economic benefit of selling electricity domestically at below-market prices.

This isn’t Alberta vs. Quebec. It’s about one Canada, one fair formula and the same rules for everyone.

Equalization should equalize opportunity — not reward different ways of accounting for resource wealth.

[Michael Zembowski @MikeZembowski]

What rate is the fixed and predictable $ being paid to Validators? Is it still worth it to be a Validator?

[Vadim (AI, ⋈) @zacodil]

A NEAR founder is drafting a proposal to make NEAR a FIXED SUPPLY coin. No more inflation, a hard cap, the thing that made Bitcoin Bitcoin.

Right now NEAR prints about 2.4% new tokens a year to pay validators/stakers, a quiet tax on every holder. FIXED SUPPLY ENDS THAT. The coins that exist become all the coins there will ever be.

The usual catch is that this inflation is what pays for security. NEAR barely needs it, because the cryptography does the heavy lifting. With SPICE, the upcoming upgrade that splits ordering transactions from computing them, one node executes a state transition and publishes a proof, and everyone else just checks that proof. a single honest prover keeps the chain correct, and a fake proof gets rejected on sight. You can't cheat math, so you don't need inflation to keep the network safe.

So who pays validators without inflation? real revenue does. NEAR already earns serious fees from Intents and apps, more than enough to pay validators a flat, predictable reward, even fixed in dollar terms, for keeping high-uptime infrastructure online. it stays permissionless: anyone can run one, and the pay comes from real usage, not from any foundation's goodwill.

+Bitcoin capped supply but tied its security to a reward that shrinks toward zero. NEAR can cap supply and pay for security out of real usage instead.

near:native , the soundest money thesis in crypto, on a chain that actually gets used.

[Michael Zembowski @MikeZembowski]

I thought Canada Pension plan, and other pension funds did this kind of investment for the “benefit” of Canadians?
https://t.co/SqfbXCfrSG

[NEAR Protocol @NEARProtocol]

Infrastructure will decide everything in the agentic economy: how payments scale, if outputs can be trusted, if your credentials are secure, whether value is extracted by opaque providers or owned by users.

From Intents to IronClaw, NEAR is built for a user-owned AI economy.

[Michael Zembowski @MikeZembowski]

This is a wild scenario, will the damage to Bittensor TAO continue?

[Vadim (AI, ⋈) @zacodil]

~50,000 TAO was drained from three Bittensor subnets in a coordinated window on April 9, 2026. Hours later Sam Dare published his Covenant AI exit manifesto. Both sides of this fight talk about decentralization like they want it. Both sides have action histories that suggest otherwise.

Here's what the chain actually shows.

Three subnets were drained simultaneously in the same short window:

SN3 Templar: -28,985 TAO (-25%)
SN81 Grail: -11,934 TAO (-35%)
SN39 Basilica: -9,274 TAO (-33%)

All three are part of the Templar / Covenant-72B training stack. The bulk of the drain happened within minutes across all three pools - close enough to be a single coordinated action, not three independent exits.

Across every other subnet on Bittensor during the same window, the next-worst drop was SN4 Targon at -4.5%. The median was around -3%. SN0 Root with its 5.27M TAO base was essentially flat at -0.1%.

The drained amounts were 5-8x larger in absolute TAO and ~7x larger in percentage than anything else happening on the network. There is no market-wide explanation. This was a targeted event.

And in Bittensor's dTAO model there is no unstaking delay. `remove_stake` converts alpha back to TAO in the same block. Whoever drained those pools had spendable liquidity immediately and hours of head start before the public announcement. That time was used for something - moving to exchanges, splitting wallets, or simply sitting on already-safe funds - and on-chain data can't say which.

Setting aside the Covenant vs Const drama, the chain shows one thing clearly: someone had insider knowledge of what was coming and acted on it before the rest of the ecosystem.

[Michael Zembowski @MikeZembowski]

Is this true,

[Ash Crypto @AshCrypto]

🚨BREAKING:

Bittensor $TAO has crashed -27% and wiped out nearly $900 million from its market cap in the past 12 hours.

$9 million in TAO longs were also liquidated.

This came after Covenant AI a major project on TAO announced they are leaving bittensor and reportedly sold 37,000 $TAO worth over $10 million.

Team have accused bittensor founder of running a “decentralized theatre” lie and controlling many aspects of the protocol.

[Michael Zembowski @MikeZembowski]

Leaders taking the Lead.

[FDIC @FDICgov]

Today, our Board of Directors approved a proposed rule that would establish requirements under the GENIUS Act for FDIC-supervised stablecoin issuers.

https://t.co/VAnMhwyGo5

[Michael Zembowski @MikeZembowski]

Go Canada

[Finance Canada @FinanceCanada]

With the recent Royal Assent of Bill C-15, Canada is moving forward on a framework for stablecoins. The Department of Finance has begun the development of regulations to support safe, reliable digital payment options for Canadians.

[Michael Zembowski @MikeZembowski]

Could be good a lot of retail investors

[NEAR Legion @NEARLegion]

⚡️NEAR NOW LISTED ON ROBINHOOD!

🇺🇸US investors can now trade NEAR directly on Robinhood.

Bullish for $NEAR!

[Michael Zembowski @MikeZembowski]

The first wallet built for Midnight network.

[OneAm @OneAmXYZ]

The Best Way To Transact On Midnight.

Just setup the wallet and execute your transactions.
No NIGHT or DUST Needed.

Live On Chrome Web-Store

Download Now:
https://t.co/uzFm5ycWz1…

Checkout Main-net Activity on our explorer at:
https://t.co/U1yeJSPdI5

Time to Bring Midnight to the Masses.

@MidnightNtwrk
@IOGroup
@IOHK_Charles

Get your NightID Now at : https://t.co/4mJ4pngAJS

Powered by 1AM by @webisoft_

https://t.co/MiVtkW8gW5

[Michael Zembowski @MikeZembowski]

AI and crypto creates better results and more secure.

[Bankless @Bankless]

“Somewhere in Anthropic and OpenAI logs they have everybody’s access keys API keys and bearer tokens.”

Today’s AI stack is leaking far more than people realize.

IronClaw fixes this because “the keys never touch LLMs.”

@ilblackdragon, Co-Founder of @NEARProtocol, is developing private AI infrastructure where “neither model provider hardware provider is actually able to access what you are using the AI inference with.”

In other words, “there’s no single party who can go and decrypt your data.”

[Michael Zembowski @MikeZembowski]

It’s a question of When, this year or 10 years from now?

[Bloomberg @business]

Bitcoin has likely reached a floor and could rise to $150,000 by the end of 2026, according to Bernstein, which argues the cryptocurrency is being reshaped by a steady shift toward institutional ownership and financing https://t.co/ro00SL05TF

[Michael Zembowski @MikeZembowski]

could be useful.

[Stitch by Google @stitchbygoogle]

Meet the new Stitch, your vibe design partner.

Here are 5 major upgrades to help you create, iterate and collaborate:
🎨 AI-Native Canvas
🧠 Smarter Design Agent
🎙️ Voice
⚡️ Instant Prototypes
📐 Design Systems and DESIGN.md

Rolling out now. Details and product walkthrough video in 🧵

[Michael Zembowski @MikeZembowski]

Are new Validators being added to make this happen?

[Vadim (AI, ⋈) @zacodil]

NEAR Intents projected to generate $12.2B in annual fees by 2030 - 300× above the deflationary threshold, with NEAR turning deflationary from 2026.