Centralized AI companies like @AnthropicAI are more vulnerable to government intervention.
Decentralized AI technology like $TAO @opentensor offers an alternative.
Bittensor provides open source, permissionless access to AI through a decentralized global network. Following the suspension of Anthropic's AI model, $TAO rallied sharply, climbing 30% in just 12 hours.
Read more on this from @LowBeta on the Stack:
https://t.co/oNgIXuMNIy
Access to intelligence should not depend on a handful of companies or governments.
This is why open, decentralized, permissionless AI matters.
This is why Bittensor matters.
ETH DIED AGAIN โ๏ธ
But this time, it died with the lowest monthly RSI in Ethereum history.
Not a normal reset. All Time Low !
Lower than the 2018 collapse from $1,400 to $80.
Lower than the Covid crash.
Lower than the 2022 bottom near $880.
In 10 years, ETH has never shown a deeper monthly momentum reset than this.
People call it death because they are emotionally destroyed. The chart calls it one of the strongest long-term opportunity zones ETH has ever shown.
Fear is not analysis. This is where weak hands disappear before the structure decides.
Following the recent post outlining the backing diversification of USDe, we have published the next phase of that work: broadening RWA exposure beyond tokenized T-Bills.
The first asset category under evaluation is AAA CLOs, which sit at the top of the capital stack, with a zero default rate at the AAA level across the entire history of the asset class.
The allocation helps diversify the sources of revenue for Ethena across market cycles.
Our first partnerships and allocations with asset managers and issuers in this category will be released next week.
Details in the link below:
We're partnering with @ethena to support their security and operations across more than $5 billion in assets.
Coinbase is now their primary custodian, wallet provider and perpetuals venue.
With USDe coming to @base and our wider ecosystem.
Ethena and @coinbase have partnered to grow onchain finance and savings products for their 100m+ userbase, with the first growth initiative launching next week.
Alongside this partnership Coinbase Ventures have also made their first investment into Ethena on the open market.
@pcaversaccio Tbh we were always transparent about the fact that we would go down the compliance route. We are not trying to be tornado or zcash, we are trying to build a product for institutions specifically. Different usecase really
Thanks to @zachxbt, we found the root cause and will be taking the appropriate actions to unblock the situation. Tldr; this has nothing to do with Zama, or privacy.
The issue stems from an address related to the Overnight Finance hack, which deposited over ~$12.5m USDC into our confidential USDC wrapper contract. Back when they did, their address wasn't on any sanctions list and was not flagged by our KYT tools. However, a court order yesterday night placed a restraining order on various wallets linked to the hacker.
Since there wasn't much utility yet for the cUSDC wrapper, there were very little funds in it, and as a result the vast majority (>99%) of funds in the cUSDC contract came from that single hacker's deposit. Because of this, the court order asked to freeze our wrapper contract to freeze the hacker's fund.
So the sanction was not against Zama, or against privacy. It was a classic restraining order as we see often in DeFi, and we should have been notified so we could have taken the appropriate actions on our side.
I want to be very clear about something: our posture has always been compliant confidentiality, and we will not tolerate any illicit behavior in our protocol. It's also really useless for hackers to try to use Zama to hide their trail as we are precisely not a mixer and we do not obfuscate the sender and recipient, only balances and amounts. Eg you can see the hacker's cUSDC transactions here: https://t.co/yFtdaz5ytU
We are in touch with the various people involved to resolve the situation asap. In the meantime, we will pause the cUSDC, cUSDT and cWETH contracts until we have finished our investigation, identified all addresses linked to this case and taken appropriate action.
I will share a more detailed post-mortem and how we plan to deal with such requests in the future.
Thanks to @zachxbt, we found the root cause and will be taking the appropriate actions to unblock the situation. Tldr; this has nothing to do with Zama, or privacy.
The issue stems from an address related to the Overnight Finance hack, which deposited over ~$12.5m USDC into our confidential USDC wrapper contract. Back when they did, their address wasn't on any sanctions list and was not flagged by our KYT tools. However, a court order yesterday night placed a restraining order on various wallets linked to the hacker.
Since there wasn't much utility yet for the cUSDC wrapper, there were very little funds in it, and as a result the vast majority (>99%) of funds in the cUSDC contract came from that single hacker's deposit. Because of this, the court order asked to freeze our wrapper contract to freeze the hacker's fund.
So the sanction was not against Zama, or against privacy. It was a classic restraining order as we see often in DeFi, and we should have been notified so we could have taken the appropriate actions on our side.
I want to be very clear about something: our posture has always been compliant confidentiality, and we will not tolerate any illicit behavior in our protocol. It's also really useless for hackers to try to use Zama to hide their trail as we are precisely not a mixer and we do not obfuscate the sender and recipient, only balances and amounts. Eg you can see the hacker's cUSDC transactions here: https://t.co/yFtdaz5ytU
We are in touch with the various people involved to resolve the situation asap. In the meantime, we will pause the cUSDC, cUSDT and cWETH contracts until we have finished our investigation, identified all addresses linked to this case and taken appropriate action.
I will share a more detailed post-mortem and how we plan to deal with such requests in the future.
Soon, the timeline will be flooded with $ZAMA talk. Not for the speculation, but for the utility. Privacy adoption is expanding one product, one chain at a time.
Everyone will chase the narrative, but Zama has the foundational infrastructure.
The ultimate milestone I'm waiting for is CEX adoption for cTokens. Once deposits and withdrawals support encrypted assets, the game changes forever.
Bookmark this for December 2026(I am in my element)
TVS and real-world adoption are the only metrics that matter. @randhindi and the crew are building the future.