for any new developers getting into crypto
go spend some time on https://t.co/X2yH2gYEQq
get to see how devs approach solving complex problems
and also how an open source ecosystem encourages innovation and collaboration
The results are in. ☀️
Meet the Flare Summer Signal winners.
Interoperable Asset Products
🥇 Remnara Confidential Payouts · $4,000
XRPL inheritance payouts where Flare Confidential Compute signs only after on-chain release conditions are met.
https://t.co/myUjSfObaz
🥈 Astryum · $2,000
An XRP-first DeFi interface combining Flare Smart Accounts, FAssets and FTSO to simplify access to Flare DeFi.
https://t.co/qRUaUGKoBR
Confidential Compute Apps
🥇 AgentVault · $4,000
Policy-controlled x402 payments where Flare Confidential Compute privately evaluates spending rules and signs only approved agent payments.
https://t.co/OzIAbLRRnB
🥈 UMBRA · $2,000
A private FAssets dark pool using zero-knowledge proofs and on-chain encryption to hide sensitive trading data while keeping settlement verifiable.
https://t.co/haNbaRcnVL
Four very different products, built around the same idea: expanding what developers can make possible with XRP, interoperable assets and confidential compute on Flare.
Congratulations to all four teams. 🔥
My third (and last) post in my series on obfuscation (iO): local mixing
https://t.co/xO2ZYcxTWU
Local mixing is a very different philosophy from the other two, no prior background in lattices required, and very different tradeoffs (eg. in terms of computational overhead, it's viable today; the entire question is verifying the security of what's ultimately a novel family of cryptography). I highly encourage following their work, they plan to publish much more soon.
most people i know struggle with a simple fact: if you never force yourself to do things you don't want to do, and you treat stress as something that must always be avoided, your life eventually becomes miserable.
the paradox is that trying to maximize comfort in the short term often produces discomfort in the long term.
accepting discomfort deliberately tends to produce greater freedom.
Interledger Foundation is offering up to $𝟯,𝟬𝟬𝟬 for local financial inclusion projects
The 𝗟𝗼𝗰𝗮𝗹 𝗜𝗺𝗽𝗮𝗰𝘁 𝗠𝗶𝗻𝗶-𝗚𝗿𝗮𝗻𝘁𝘀 support community-led work around open payments and digital financial access.
Selected grantees will:
- Receive $500–$3,000 USD
- Fund workshops, meetups, hackdays, research or community projects
- Access @Interledger resources + its global community
𝗧𝗼 𝗮𝗽𝗽𝗹𝘆:
- Applications open until November 11, 2026
- Rolling review early applications encouraged
- Projects must be completed within 6 months
If you're building something that improves financial access in your community, this is worth checking out.
apply: https://t.co/eKlYrmfRIB
some bear market thoughts on crypto:
1) we're in the peak depth: almost everyone is done selling - we just lack marginal buyers yet
either we get capital rotation back from ai soon (q4 maybe?) or we remain flat for some time
2) fundraising is p bad rn, particularly early-stage
there's no infra trade left and most crypto vcs have either:
- no money
- or no idea on how to fund 'products'
most got burnt out due to overfunding bs infra in '23-24 which were all down only coins (so no exits)
all risky capital is funding ai now
as a founder: unless you've some significant traction or big pedigree, it's a waste of time to even think of fundraising
3) teams are shutting down left & right - mostly due to lack of funds or PMF
which directly impacts job markets - there's some hiring on institutional side (nyc-based) but apart from that, the hiring has decreased significantly
only companies with huge treasuries are able to hire and asian projects are hit the hardest from what i can see
capital is a huge moat for startups for 'right to win' - for otherwise capital-starved early-stage
4) there's a huge gap in early-stage funding:
best time to angel invest at a low val or even start micro-accelerators
due to lack of infra money, hackathon/grants have now reduced by ~95% now
earlier l1 grants/funding used to attract a significant number of early-stage teams - further driving away talent
if fundraising doesn't return by q1' 27 - innovation will significantly shrink and crypto will become a 'legacy industry'
5) crypto is now just 'financial markets' - there's broadly four markets with PMF:
- memecoins & spot (solana/rh)
- perps (hl)
- yields (eth)
- prediction markets (poly)
+ stablecoin payments
and then a long tail markets like pokémon cards etc
all non-financial protocols on governance, social, proof of xyz, identity, gaming etc are now dead - they're now just a feature on speculative apps
6) everyone's either:
- building an 'everything exchange'
coinbase, robinhood, solana, pump, axiom, fomo, polymarket, jupiter, phantom
- or packaging yield
usdt, usdc, usdg, morpho, aave, kamino
7) there're only 2 types of chains left:
- general community-led: eth & solana
- distribution-led: base, robinhood, tempo, bsc
rest all are dead or will be dead soon
8) the survived teams are incredibly product-focussed now:
- better trading execution
- ux/mobile focus
finally, building good products and nailing distribution is the only way to win
the whole game is now like building a fintech app with crypto rails
ofc, speculation will always be the holy grail of financial markets and even stocks & gold now trade like crypto - everything is now a narrative trade!
9) there are some teams which are building non-crypto infra (eg. robotics/data collection/depin types) funded by crypto VCs:
but we all know they're mostly a scam looking to launch high float, low fdv tokens (and will probably fail)
and will abandon the tokens whenever they get some PMF and call it 'credits' (iykyk)
10) there're some incredible liquid opportunities
but with teams giving up/shutting down/abondoning - it's incredibly hard to judge or filter out quality
but i'd still say holding good quality liquid tokens have the best r/r
a simple filter is just buy tokens which has:
- good treasury
- founder-led who understands distribution
- upcoming sector tailwinds
(happy to share my list)
11) there's only few traders left in trenches:
but they're incredibly smart and they can make money in any market now
many are now trading stocks and killing it - as they're the pro narrative traders
safe to say: all crème layer genz traders have traded/are trading crypto
this core audience is always on lookout to try out new experimentations
12) stablecoin payments:
they’re p huge in the shadow economy (eg. an Indian manufacturer buying from china in USDT to escape taxes & regulation hassle)
but organising a shadow market is a challenging and unsolved problem
agentic payments are a huge opportunity but no PMF yet (typical coldstart problem) - all numbers pushed by base/solana are just wash volumes
i'd bet on stripe/tempo (+ trad companies) to gain a lion share in regulated stablecoin payments just because of distribution
13) opportunities now lie on building:
- better trading interfaces & modality (via ai, mobile)
- more novel markets (eg. compute, emerging market coverage, metadao)
- anything around token or memecoins (speculative mechanics)
- cool fintech ideas which failed due to banking/regulations (eg. neobanks)
and ofc, picks & shovels around this
biggest bet: post ai, speculation and trading as a way to show conviction on anything socially will increasingly rise and crypto is the de-facto rails for any new markets
14) and yess, memecoins (internet culture coins) will come back extra-ordinarily as macro moves and capital rotates from ai
it'll bring interest back to crypto and once again, sidelined VCs will be salty
i still remain cautiously optimistic on broader crypto and p optimistic on crypto as 'anything market' rails 🫡
Introducing the Confidential ERC-20 Framework
@IncoNetwork and Circle Research release a new whitepaper and open-source repo on transforming ERC-20 tokens into confidential wrapped versions that preserve user privacy using fully homomorphic encryption (FHE) while maintaining compliance controls.
Learn more: https://t.co/NUP0JVmB2C
We’re starting the @OKX AI Genesis winners’ rollout with a category built for one of the highest-value agent use cases.
Finance Copilot recognizes ASPs helping users analyze markets, manage decisions, automate workflows, and act with more context.
Details 🧵👇