@dankrad Quite clear how flow ends up on BNB and RH, Base.
Ethereum is losing this flows due to L2 scaling decisions. (Which you're more than aware).
Would be cool if you can correlate Tempo flow growth and TVL for stables vs. Ethereum in regards to BD time invested.
Blast will be shutting down.
We launched Blast with the goal of building a self-sustaining chain for users and developers. Unfortunately, the economics of operating the chain no longer make sense: the ongoing costs of maintaining Blast exceed the revenue generated by the L2, and we do not see a credible path to making the chain economically sustainable.
As a result, we've made the difficult decision to wind Blast down.
We're sorry to the users and developers who believed in Blast, built on it, and supported the ecosystem. Our priority now is making the shutdown as smooth and safe as possible.
We're asking all users to withdraw their assets from Blast to Ethereum mainnet, including any balances held in the Blast PWA.
To make this easier, we will be reducing the withdrawal delay to 24 hours.
As part of the shutdown process, we'll first begin withdrawing Blast's Lido assets. This process is expected to take approximately one week. During this period, withdrawals will temporarily be unavailable, even after the withdrawal delay is reduced to 24 hours.
Once that process is complete, withdrawals will resume with the new 24-hour delay.
Users will have until October 26, 2026 to withdraw through the normal Blast interface.
After October 26, assets will remain withdrawable, but users will need to interact directly with the Blast bridge contracts on Ethereum L1. We'll publish detailed instructions before then.
We strongly encourage everyone to withdraw their assets to Ethereum mainnet before October 26.
I mean their post is pretty explicit, I'm not sure what I can add without making shit up like you're doing lmao.
They detected some weird shit happening somewhere.
They are obviously rotating shit out of an abundance of caution.
I haven't worked for MetaMask for ages now but, generally, when people detect a threat, remediate a threat, announce that they are taking precautions regarding a threat, and then actually take those actions, then everything is ~fine.
Every major hack crypto was the result of people NOT detecting shit. People NOT having logs, edr, siem. People NOT remediating. People NOT rotating.
Thus, you should be more worried about the people who don't know they are rekt and aren't mitigating risk than the ones who are telling you they are rotating their shit to prevent future harm. π
Is there any power left for EU regulators to grab?
Fiscalised invoices.
β¬10k+ cash purchases banned.
On-ramp monitoring.
Off-ramp monitoring.
Bank AML monitoring.
Whatβs left?
Seed phrases?
@PrimordialAA For the amount LZ participated in DeFi United after being compromised for months and providing 0 comms during the largest crisis DeFi ever seen..
Hope they win.