Middle IQ takes. destn.eth
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Joined February 2013
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Back again finally in the circuit. First up picked some $SXT this morning.
Mid term hold.
Old times but holds good $blast
When login/pwd/2fa/kyc
Earlier today NEAR Intents services were stopped after a security incident was detected. The incident was caused by a bug in the Omni deposit and withdrawal infrastructure interaction with NEAR Intents smart contract.
The preliminary report indicates the total loss of approximately $3.8M. These funds will be compensated in full.
The contract-side vulnerability has been patched. The operations of the NEAR Intents and near(.)com are expected to resume within 1h.
Deposits and withdrawals on the following networks will remain unavailable for an additional ~12 hours while fixes to the Omni infrastructure are completed: BSC, Polygon, TON, Optimism, Avalanche, Stellar, Monad, LayerX, Adi, Scroll and Plasma.
In case users hold any assets from these chains inside NEAR Intents (for example, in HOT wallet or on near(.)com), they will be able to swap them into other assets once NEAR Intents is back up (in ~1h).
The incident has been reported to law enforcement, and we are working with security and blockchain analytics partners to trace the funds and pursue recovery. A detailed report will be shared publicly in the following days.
The endless discussion about freedom and security makes its way.
Before blockchains, human civilisation actually maxxed only one.
Look around in the countries around the world.
Safe places don’t have freedom.
Free places don’t have safety.
Now, this has made its way to chains.
If the chain operators become policemen, then any powerful entity can make them stop the chain. Only the price differs.
If the chain operators are rigid, then they’re turning blind to bad actors.
Imo, both will always exist.
NEAR is permissionless programmable money.
Permissionless means nobody needs permission to own and transfer assets, or deploy contracts on NEAR.
It does not mean every application or liquidity provider must process every transaction.
SHIELD is how NEAR Intents applies this in practice: shared, real-time risk intelligence that lets participants identify hacks and other incidents and choose not to facilitate stolen funds. Partners can both consume and contribute incident data.
In the Bitget hack, SHIELD identified $50M+ in attempted flows through NEAR Intents and helped stop funds during execution.
Open financial infrastructure does not require us to make theft easy. Instead of hiding behind "it's permissionless, what can we do" while sitting on pause button, we should be creative in solutions that are addressing underlying problem.
We can have permissionless protocols that have intelligent defense. This is what we are building with SHIELD and invite everyone to join to make SHIELD industry-wide.
Soon, everyone will have a personal cloud computer.
Imo, Amazon was well equipped to this but couldn’t package.
Just like the era where personal cloud storage came, now we have a personal cloud compute.
Intelligence is just compute with unstructured input.
DigitalOcean Managed Agents is now in public preview.
Run Claude Code, Codex, or your own LangGraph agent in a runtime environment that pauses when idle. Put its tools behind one governed endpoint, and pick from 75+ open and proprietary models. One cloud, one bill.
Prompts to get started available in the blog: do.co/4ysh3it
What you feel, what the data tells is actually a good comparison game.
I’d just do this. Log how you feel after getting up, workout, end of the day, etc. Don’t look at the data daily.
End of the week review this.
Looks mid. Even for hardcore Android users, If you own a top of the line Android phone, something like a crowview note plugged in Android desktop mode will be top notch.
Literally there is no target market for this product.
899 is too high.
Not full freedom & ownership.
Only a toy for tech enthus
First things first. $ZEC at 1500? I don’t get it yet, all I remember once 1 ZEC was 7 BTC.
Is it a bunch of VCs pushing it up?
Post release of Grok Bot, Muse, I feel AI has hit a threshold. I don’t want to automate, optimize or vibe code.
Kinda depressing.
I just want to shit post and trade.
If this is indeed the device, it is futile.
The real alternative to phones and computers is not a single device but a modular one where different small devices work in sync.
Quick kill is audio only device. Just look at Deepseek speakers in Taobao.
Wearable camera with mic in tiny form factor of pendant or glasses but they should’ve observant and not conversational.
Bone conduction earphones
Small interactive screen as watch.
All of them should work individually and together.
Modular vs Monolithic in hardware too
WSJ on Jony Ive and Sam Altman’s OpenAI device:
• The product will be capable of being fully aware of a user's surroundings and life, will be unobtrusive, able to rest in one's pocket or on one's desk, and will be a third core device a person would put on a desk after a MacBook Pro and an iPhone.
• The Journal earlier reported that the device won't be a phone, and that Ive and Altman's intent is to help wean users from screens.
• Altman said that the device isn't a pair of glasses, and that Ive had been skeptical about building something to wear on the body.
via: wsj.com/tech/ai/what-sam-alt…
It has become clear that chains and protocols have to now choose between decentralisation and stopping bad actors.
Instead of being reactive, Chain Validators, Protocol developers, Governance participants should have a proactive strategy.
What should I do if the protocol is hacked for say 9 or 10 figures?
Any protocol which has more than 100MM TVL which can be controlled by token holders should have this strategy.
Chain Validators should also have this discussion.
Bridges should do too.
Protocols can go immutable to avoid having to make this decision but that ain’t happening anymore.
We’ve learned that a Cetus smart contract was hacked this morning for approximately $223M and Cetus subsequently paused their smart contracts to prevent further theft.
Cetus worked together with the other DeFi protocols, the Sui Foundation, and the Sui validators to collectively protect the ecosystem. A large number of validators identified the addresses with the stolen funds and are ignoring transactions on those addresses until further notice.
The Cetus team is exploring paths to recover those funds and return them to the community. An incident report from Cetus is forthcoming.
The Sui Foundation and the rest of the ecosystem are committed to supporting Cetus as they work through this incident.
VCs, Founders everyone know this. Not specific to crypto.
But the money spread is little more complicated than this.
During FTX bankruptcy and before that when Binance banned US users in 2019, there were some surprises on transaction value, cumulative txn value for a period and number of users split by geography
You raised a $7M seed from Silicon Valley VCs.
You hired a KOL agency in Dubai.
But your users, they’re in Lagos, Manila, São Paulo, Accra, and Jakarta.
Still think you know your market or should I let you in on a secret that’s gonna determine your success?
If you’re a crypto founder…this will be the most important data you’ll see all year.
We just analyzed wallet activity of 15M users across @MetaMask , @phantom , @bitgetglobal , Coinbase Wallet, Rainbow, OKX, and more, layered with geolocation data from @addressableid (link in comments).
And what we found was a hard truth, this will shake your belief;
• The money is in the West.
• But most users are everywhere else.
The USA and Western Europe dominate transaction value.
But Africa, Southeast Asia, and Latin America dominate wallet volume.
This means, If your product runs on a fee model, you want capital density.
But if you need users, you’re probably building for the wrong continent.
Let’s make this real, I feel like you aren’t feeling the gravity yet:
Imagine a founder in Berlin.
They raise $4M and build an app on Arbitrum.
Target New York, and on launch day?
Their top users come from the Philippines. Nigeria. Brazil. Indonesia.
They’re on cheap Android phones.
They’re skipping your 50MB wallet SDK because it won’t load. They bounced and moved on.
Not because your product sucks, but because your assumptions do.
This isn’t a glitch, it’s a mirror.
The crypto revolution isn’t coming from where you pitch, it’s coming from where you’ve never looked.
And that’s a wake-up call:
Are you building for reach, or are you building for revenue?
Because the market that funds your runway
is not the same market that feeds your retention.
You can raise in Manhattan…but if you ignore Manila, you’ll stall.
You can plan for a TGE in Paris…but if you don’t localize for Lagos, you’ll bleed churn.
Here’s the paradox:
Most crypto products are funded by the West…but scaled by the rest.
If you don’t know that, you’re not in the game. You’re in the dark.
So ask yourself:
Who are you building for?
The VCs on your pitch deck, or the wallets that are actually active?
Because in crypto, users don’t follow your roadmap.
Your roadmap should follow your users.
