ventifact

infra/privacy

[ventifact @ventifactxyz]

The likes of Ansem and Arthur Hayes remind me of Ken Kesey. Sometimes a Great Notion and One Flew Over the Cuckoo's Nest are solid, well-written, interesting books. But going to the Acid Tests so Ken could fuck with your head while feeding you LSD was not a good addendum to the books.
It's the same with Ansem and Hayes. Ansem made his name as a memecoin caller, and Hayes (i.a.) helped pioneer crypto perps and wrote a few good essays. But the max extraction games they have built on top of their reputations are not good addenda to their contributions to the space. There is probably another flush coming if CT still thinks these are the people worth listening to.

[enci @encigr]

I'm genuinely fuming right now.

I knew @blknoiz06 would become the trenches' main character again. The second he started demanding the pump airdrop i took a chance and believed he'd build something off all the fees in his pumpfun account.

At the time there were two $Ansem coins. The OG had a thriving community, fomo holders, healthy volume and distro and members who were making memes nonstop. The vamp got deployed days later, stole the name, the branding, the memes, everything, and had maybe 100 holders with zero social activity.

Bidding the OG was the easy call. it was literally in line with ansem's own thesis: don't feed vamps.

Bought a couple grand around 200k and went to bed. Woke up to ansem shilling the vamp and wishing the OG to zero because some people weren't polite to him??!

Think about that. So many people bagworked the OG for weeks believing in it, and he wants it dead to pump a coin that advertises staking (lol), is bundled to death, true holders left in the dust.

i'm disheartened ngl. Thesis was right, timing was right, and solana's biggest kol decided to legitimize stealing everything from another token and fking over its holders. That's the precedent now. What stops someone relaunching jotchua and sending 90% of supply to a dog shelter or smth.

Lost for words. Might need a break after this one.

[ventifact @ventifactxyz]

CCIP as a DVN is inferior to native CCIP because it still partially relies on the lz framework for security. You import CCIP's verification (+ CL's reputation) without end-to-end CCIP control, and you don't automatically get native CCIP/CCT asset controls like rate limits, RMN controls, timelocks, etc.

Fees also aren't directly comparable. lzAnalytics likely doesn't post them because it only tracks lz protocol-level stats, where fees are currently $0. BUt users still pay third-party worker fees to DVNs/executors/legacy counterparts. If you include those, lz fees average around ~$6-7k/day.

CCIP is structured differently because apps don't arbitrarily pick verifier sets and execution workers in the same way they do on lz. Those costs are bundled into the CCIP network fee. Afaik CCIP does ~1k/day in fees right now. On that framing, lz workers collect roughly 6-7x more in fees if you look at 30d stats.

If we're talking token-linked value capture from interop, the comparison gets messier, because only part of CCIP's ~$1k/day should be counted as LINK-linked value capture (the rest goes to node operators and cl labs(?)). For lz, the protocol is still at $0/day, but ZRO also has stargate-funded buybacks doing roughly ~$4-8k/day (normalised to a daily basis from the most recent monthly buybacks).
Either way, interop is still early enough that comparisons like this are more noise than signal.

Also, lzAnalytics used to be L0_corner. It was a popular lz airdrop/community account run by an asian woman who used to host spaces with lz eco apps before going quiet around mid-2024, then resurfaced as an lz analytics account in mid-2025. My guess is lz labs bought it for the follower count. The account likely nuked its reach by going inactive for so long, the original airdrop audience disappeared, and the new content is just boring af stat templates posted way too often with no commentary.

[ventifact @ventifactxyz]

@UpdatingOnRome Timor Leste (east east)

[ventifact @ventifactxyz]

here's what actually happened:
>*ring ring* "hello this is cob-"
>"shut up goy, it's me Mr. Shekelberg! SHUT EVERYTHING DOWN NOW!"
>"y-yes master"
*trading halts*

[Coinbase Support @CoinbaseSupport]

On May 7th Coinbase experienced service disruptions. Here’s a quick summary of what happened:

→ Around 8PM ET, Coinbase systems flagged high error rates across multiple services.
→ We traced these errors to amazon failures in Availability Zone (use1-az4) in the AWS US-EAST-1 Region.
→ Coinbase systems are designed to be resilient to a single zone outage, and are designed to recover quickly if this happens.
→ In this case, we observed failures impacting multiple AWS zones, which caused an extended outage of core trading services.
→ Coinbase users experienced an extended outage while the AWS team worked to restore temperature controls and other Amazon Managed Services.

This primary issue is now fully resolved - thank you for your patience. If you have any outstanding questions about your account, please reach out to Coinbase Support, we’re ready to help.

Our team will conduct a full analysis. Details may change as our investigation progresses and more information is received from AWS’s official retrospective, once published.

[ventifact @ventifactxyz]

>that aquiline nose though
This definitely means something.

[ventifact @ventifactxyz]

A global markets reporter at nasdaq has a sergey sticker on her laptop. I'm sure that means absolutely nothing.

[DTCC @The_DTCC]

Earlier this month, DTCC President of Clearing and Securities Services Brian Steele joined @JillMalandrino on @Nasdaq @TradeTalks to discuss DTCC’s efforts to modernize market infrastructure.

He shared perspectives on expanded clearing, 24x5 markets and the recent launch of the DTC Tokenization Service, underscoring DTCC’s role in connecting traditional market infrastructure with emerging digital asset technologies to support liquidity, capital efficiency, and broader global market access.

Watch now: https://t.co/QbOfhTUHAA

[Mats @mewwts]

I deeply miss how special and frontier crypto felt in 2017

[Matt @MattFiebach]

Kelp's rsETH OFT lets users lock rsETH on mainnet to mint it on another chain. When they bridge back, the L2 rsETH burns and mainnet releases the original.

A single verifier (DVN) signs off that the source burn really happened. Someone got a forged message through.

Ethereum released 116,500 real rsETH (~$290M) from the bridge adapter. Unichain never burned anything. The source nonce never even advanced.

Net effect: the pool backing didn't shrink, but there are now 116,500 extra rsETH floating around that shouldn't exist. The rsETH system is ~83% collateralized.

How Kelp socializes losses is the big question. They can try to freeze the stolen tokens, but most are already deposited in Aave. Freezing there would be the worst case for Aave ETH (and to a lesser extent wstETH) suppliers.

[Sam Bowman @s8mb]

My ten personal favourite Works in Progress articles from 2025.

https://t.co/d3QqokmfJV

[0.005 Seconds (3/694) @seconds_0]

There's an entire parallel scientific corpus most western researches never see.

Today i'm launching https://t.co/DSD2mZtuap, a fully automated translation pipeline of all Chinese preprints, including the figures, to make that available.

[FischerKing @FischerKing64]

Americans probably don’t know the European Commission is an unelected executive body of the European Union, that also has the sole authority to propose legislation for the EU. The EU ‘parliament’ merely ratifies or rejects things. So the Commission proposes the rules, and enforces them, and reviews objections. Judge jury and executioner. The commissioners themselves are appointed by the member states. Below them is a ‘civil service’ of roughly 30,000 bureaucrats who do things like suggest fines on companies like X.

Citizens of the various EU countries have no direct control over what the Commission does. They can’t vote them out, or object to what they do. A person in Madrid or Paris or Berlin or Warsaw is powerless. The Commission is funded from the coffers of the member states, but doesn’t answer to the taxpayers. The Commission has a large incentive to fine American companies like X because those revenues supplement whatever they receive from the member states. It’s free money for them to boost their authority and lifestyle in Brussels.

In the USA we complain correctly about the ‘deep state.’ But they’ve got it much worse in Europe. Add to the lack of accountability to citizens of EU countries the fact that Eurocrats work with American NGOs and outfits funded by people like Soros - and the picture is even darker. The EU bureaucrats are part of a transnational agenda that isn’t required to be concerned about the interests of EU citizens.

[Dune @Dune]

🚨 Dune Digest 38 is live!

• @Polymarket @Kalshi & @MyriadMarkets in prediction markets’ most eventful week yet
• @aztecnetwork token sale & the the privacy narrative
• $500M @BlackRock BUIDL on @BNBCHAIN
• @ethereum Fusaka goes live
• @ethena hits a crossroads moment

[ventifact @ventifactxyz]

Didn't realise Dune posted my dashboard a few days ago. It was mainly a curiosity project to see how the CCA works in the Aztec sale

[Dune @Dune]

. @aztecnetwork’s token sale is live on Ethereum, now drawing 15.2K bids, 13.2K bidders and 14.8K ETH (~$42M).

Powered by @Uniswap’s Continuous Clearing Auction, designed for real-time price discovery and fair access for everyone.

Track the sale on Dune
https://t.co/95mRxAVOE6

[ventifact @ventifactxyz]

@witcheer yw, glad you found it useful

[ventifact @ventifactxyz]

I saw posts by some very nice indians on x the everything app that bitcoin couldn't go up again because saylor was forced to do something called "the needful"

[Justin Skycak @justinskycak]

There’s a common myth that goes like this: “everybody has the same cognitive horsepower and learns at the same rate, but different people learn differently depending on their preferred learning style.”

In reality, the exact opposite is true. Different people generally have different working memory capacities and learn at different rates. While people may have preferred learning “styles” (e.g. visual vs verbal), they do not actually learn better when given information in their preferred style.

The myth is that different people need the same amount of practice but in different forms – whereas the reality is that different people need the same form of practice but in different amounts.

[ventifact @ventifactxyz]

@MessariCrypto @0xYoussef_ @Zcash zhit is so cash

[ventifact @ventifactxyz]

@graphtronauts_c @graphprotocol Ummm GRT sisters WTFWT??

[ventifact @ventifactxyz]

We need Carlos Matos back, but this time to shill zcash

[Paolo Diomede | Certora @pdiomede]

.@graphprotocol 🤝 @The_DTCC

The cooperation between The Graph and DTCC is a big deal.

DTCC is the backbone of global market infrastructure (clearing and settling trades for trillions in assets).

The Graph is core infra for indexing and querying blockchain data.

This is a concrete step toward capital markets where data is verifiable onchain and transparently indexable.

TradFi rails are starting to talk natively to Web3 data 🚀