The year 2000, the dot-com bubble popped, and bam! Trillions evaporated overnight. Now, Michael Burry (@MichaelJBurry__) is dropping another major warning: "These aren't the charts you're looking for." Is this whole AI capex boom looking like the same old bubble? 🧐
@BrandonBVarnell I think it's a bit too early, the emotional stakes don't feel challenging enough yet. But who knows if there's a surprise in the next episode.
A NASDAQ-listed company just raised $110M to buy one token.
@berachain's $BERA trades at $210M market cap with $850M TVL.
Daily transactions +150% in a week.
While everyone FOMOs into pumped L1s, Berachain is the most undervalued infrastructure play in crypto. Here's why 🧵
Early next week, we expect to launch a claims page, allowing anyone who lost funds in the Balancer v2 / BEX exploit to reclaim their deposits from the BEX.
For anyone who deposited through a vault contract (ie. Infrared), your original address used for the deposit (into Infrared etc) will be able to claim the funds directly.
In the meantime, a CSV will be published with all wallets and their expected claimable holdings. All recovered funds will be returned to users. We believe these to be equivalent to approximately 96% of the deposited value in most pools.
For funds which remain in the BEX, we expect to perform an additional hard fork later next week to unblock the BEX contracts at the VM level, then follow a similar process to Balancer's most recent communications in terms of enabling Recovery Mode on Composable Stable v6 pools, and re-enabling the use of non-Composable Stable Pools. More info to come on this in the near future.
Thanks in advance for your support and patience as we get funds back to users in the safest manner possible.
Berachain.