Official Statement | Security Incident Update TL;DR: No private keys were compromised, unaffected wallets are safe, and all affected users will be fully reimbursed by Bloom. Following our investigation, we have identified the exact attack vector and confirmed the scope of the incident. The attack exploited a third-party module through a complex Remote Code Execution (RCE) vulnerability. No private keys were accessed or compromised, and we have ruled out broader exposure of users' wallets. Incident Overview Affected: 49 wallet addresses belonging to 9 users. • Total losses: Approximately 9,408 SOL ($947,000). • Root cause: Exploited third-party module enabling an RCE vulnerability. • Refunds: Bloom will fully reimburse 100% of the stolen funds directly to secure wallets designated by the affected users. • We are also working to trace the stolen funds, explore recovery and freezing options, and identify the attacker. Our team has been developing software since 2018 and operating in crypto since 2021. We are an established team, committed to building for the long term and protecting the trust of our users. Security threats are an unfortunate reality of this industry, even with extensive precautions in place. Our commitment to user safety, transparency, and business continuity remains unchanged. The Bloom Team

Detailed BTC Top-Down Overview (notes in images) 1W

If you are mid to long term bullish, but derisking short term You are expressing the opinion that you will beat the market twice in the short term First time that you will derisk high enough and second time you will be able to buy back in low enough That's two additional short term trades you need to nail on top of your long term view

OVERTRADING October 10, 2025 i had what would become the single biggest one-day loss of my career i lost eight figures in minutes due to systemic failures on the biggest CEXs, and to this day, no one has taken accountability for what happened my losses made headlines and became one of the biggest stories to come out of that day but what many people don't know is what happened in the weeks and months that followed i lost several million more and i did it by making one of the biggest mistakes traders like me tend to make: OVERTRADING in hindsight, i would have been far better off shutting everything down for the next few months or even quarters i probably would have become a much better trader if i had simply stayed away from the computer for at least six months but a part of me was desperate for action a part of me wanted to make it all back a part of me wanted to prove that i still had what it takes and that i would get back on my feet i wanted to 'work' and sitting back, doing nothing, and staying away from the computer for a prolonged period didn't feel like work except that, for a trader, being AFK can sometimes be the most important work you do one of the biggest mistakes i made — and that many traders make — is assuming that skill, experience, and process are enough to consistently outperform the market they aren't believe it or not, successful trading is often a combination of skill, favorable market conditions, timing, and luck as a Christian, i attribute the 'luck' component to GOD's blessings and favor rather than sheer luck but the underlying principle remains the same: our biggest wins often come from combining a solid process with being in the right place at the right time sometimes, that means catching a single exceptional trade other times, it means being positioned during a streak of opportunities that emerge in quick succession because market conditions are overwhelmingly in your favor for example, you could have been a memecoin god simply by being active in the market during the explosive memecoin era of 2021, which produced $DOGE, $SHIB, $FLOKI, and several other billion-dollar runners many traders made life-changing money during that period but the same sophisticated processes that helped some of us make 7, 8, or even 9 figures during the bull market would have failed miserably in the bear market that followed in 2022 the same principle applies to the 2024–early 2025 era, which produced several multibillion-dollar runners like $WIF, $POPCAT, and $FARTCOIN and then the prolonged dearth of opportunities after $TRUMP leading to 10/10 and the almost one-year period following the point is simple: the edge that makes you money in one market environment won't necessarily make you money in another and one of the most important skills you can develop as a trader is recognizing when your edge is no longer there sometimes, the best trade is no trade at all sometimes, the smartest thing you can do is take a bow, step away, and wait for the next opportunity even if only temporarily it's almost impossible to consistently beat the market over a sufficiently long timeframe but as crypto traders, we have one significant advantage: we don't need to outperform the market every single day, week, or month to generate exceptional returns historically, crypto's bull phases have tended to occupy a disproportionate share of the cycle, with bear phases accounting for a smaller portion using one historical framework, the bull phase averages approximately 1,060 days, or 74% of the cycle, while the bear phase averages around 380 days, or 26% but if your definition of a bull run is narrower — i.e. a period of explosive momentum when $BTC trades above its 200-day moving average and much of the cycle's biggest price action occurs — then the window becomes significantly shorter under that framework, we're talking about approximately 237 days, or around 16% of the cycle these figures are estimates based on particular definitions of market phases, not universal constants but the broader lesson remains: you don't need to trade every market. you need to recognize the windows when your edge is strongest and capitalize on them for the rest of the time, there's nothing wrong with stepping away entirely or trading only with a tiny fraction of your portfolio that you can comfortably afford to lose preserving your capital, your mental clarity, and your ability to recognize the next major opportunity is far more important than forcing trades in unfavorable conditions because the goal isn't to be active all the time the goal is to be positioned when it matters most and to have the discipline to do nothing when it doesn't to conclude, i only wish i had followed this advice myself hopefully, i'll do a better job of applying it going forward, GOD WILLING

People on here always want to hear a singular decisive unchanging view (and a bullish one of course) but that is not really how trading goes. People can do that and hit the jackpot and become heroes but that is more akin to gambling than thoughtful trading. Being a good trader means mapping out different configurations of the future and staying open minded and observing how newsflow and price action coalesce to validate one of those scenarios. Playing the odds and managing risk. I have been fortunate and protecting the money I already have is more important to me than getting a moonshot 20x. In that vein, you shouldn't follow me for clear trading calls that can be copy traded, and if anything I want to fully move away from that. I change my tactical views all the time and it's not feasible to update you all on their evolution. I also feel a genuine sense of responsibility towards others and don't like to leave people hanging. I am here out of my enjoyment of writing and desire to exchange views with sharp people, and I don't have a need to optimize for clout that can someday be used to shill my own coin or whatever, because I will never do that. So instead it's more constructive for me to share insights about the big picture, because those will remain more stable, and maybe something isn't directly tradeable at the moment, but can help give color to the way the next 6-12 months unfolds. My big thesis around "There's Not Enough Money in The World" (see pinned post) was a good example of this, it wasn't a directly tradeable call at the time, but it predicted one of the most important macro dynamics for the year. It is genuinely a complex time because AI is changing everything. There are a lot of different cross currents. We've had the AI capex boom but the rate of change is slowing down, and now we are starting to explore the limits of financing capability as money is becoming tighter everywhere. There is reflexivity here, because as financing for AI capex tightens, sentiment around AI worsens, which further tightens financing, and so on, and so forth. We have the fact that AI is starting to unweave the fabric of the world as we know it, and will structurally increase uncertainty. Usually uncertainty is kryptonite for risk appetite, and increasing uncertainty is bad for asset prices, and decreasing uncertainty is good for asset prices. We also will have a lot of unemployment from AI. It's becoming more likely we see the initial wave of this next year, but the early stages can be bullish, because it won't be enough to meaningfully impact passive flows, but it will weaken economic data enough to potentially nudge the Fed into pivoting to be more dovish. This is combined with the fact that the 3 most hawkish members of the Fed, Logan, Hammack, and Kashkari, are all regional Fed Presidents that will roll off into 2027. So I'm hopeful that early 2027 will lead to better conditions. As the snowballs keeps rolling down the hill, and AI layoffs become significant, this will surely be bearish, since it will impact passive 401k flows which are a key underpinning for the market, it will reduce consumer spending, and lead to asset sales as unemployed people will need to fund living expenses. We are in an environment where asset prices (market caps) are very high relative to flows because they have generally been unidirectional. This has been a super bullish dynamic on the way up, but it cuts both ways. Timing all of these very factors is difficult, they are things that I keep in the back of my mind as I trade around shorter term catalysts and newsflow day to day. It's easier for me to say that conditions in equities will be challenging through the end of the year because I know the following: 1. Anthropic IPO will suck a ton of money out of equities directly, at least $40-50bn, and mostly out of AI stocks specifically. To me this is unavoidable. It doesn't mean I would short into the IPO but it is a major headwind. 2. Fed will likely pause in Oct and hike in Dec, but in any case, there will be no pivot before year end. Liquidity will remain tight. 3. Retail money has shown many signs of being tired, and spread too thin. The price action around the recent Nasdaq ATH reminded me of late October 2025, and this pattern recognition flipped me from bullish to cautious. I wish I had posted about it publicly then (people in my group chats know) but I was still locked out of my X account at the time. 4. Hedge funds have gotten rekt in October (yesterday was one of the worst days for them ever, across classic L/S, quant, and market neutral pods) and they will be reluctant to re-risk into year end, especially classic L/S funds are more likely to book their years and play defence given their incentives (annual returns are the main basis for relative evaluation and bonuses). Pods will also be more conservative because many teams will be closer to their drawdown limits (usually capital cut at -5% and fired at -10%). 5. As bills issuance has been so high in terms of mix, this puts pressure on repo/plumbing. A simple illustration of this dynamic is the following: if you spent a ton of money but had to fully pay off your credit card frequently, you would need to maintain more balance in your checking account to manage the float. This was manageable for most of the year due to the Fed's RMPs but Warsh recently ended it. Repo/plumbing tightens in Dec because banks like to close up their books early ahead of year end. When liquidity in this channel is abundant, the year end factor is irrelevant, it only matters when things are tight, which they likely will be. This happened last year. The main scenario where this is wrong is if we get a decisive resolution to Iran + Anthropic IPO is delayed. All of that said, there will be at least one good tradeable bounce within the next few weeks, this is inevitable. And I hope that on the other side of this, we get resolution on this factors hanging over the market, and we can have strong markets again. The market cannot be roaring all the time. The last few years has really been more of an aberration when you compare it against larger slices of history.

Jensen Huang when asked whether he would rather relive his 20s or be 20 years old today.

Why you shouldn't panic about AI hacks: my full interview with cybersecurity expert @tayvano_ 0:37 how bad is the PHP bug? 2:33 PHP is 70% of the internet 6:59 a private key that was just "4" 9:04 crypto is safer than the internet 15:30 never panic, diversify 17:04 how Cloudflare saved the internet 18:49 Railway hack drained wallets 21:07 Monero & Zcash are most hardened 22:35 Bitcoin's real risk is its culture 27:02 hardware 2FA on everything

There is nothing to worry about. Nothing important is run on PHP or old software—except the water & electrical grid, a few government services like our missile defense systems and a handful of electrified fences at the zoo (for the lions, tigers and cobras).

Websites are files on a computer. When you view a website, you are asking the computer to send you the files, then your browser shows them to you. 70% of the websites you see use PHP to make them interactive. So you can send things to the website too and it can respond. E.g. filling in a comment box and hitting 'post' adds the comment as a row to a spreadsheet. PHP has a flaw in its code that allows anyone to gain control of the computer that has the website on it. The organisation that provides PHP announced the vulnerability before a patch was available, meaning we're in a window where everyone knows about it (including baddies) but the good guys don't have an official solution. Some are just turning off their websites and waiting for the solution. Others are trying to fix it themselves. General chaos and lots of stressed techies across literally the entire planet because this affects the entire internet.

Alpenglow is live on mainnet-beta ⛰️ 🎉 Solana’s new consensus protocol: finality reduced from 12.8 seconds to 150 milliseconds, built by Anza. Why this is important 🧵

Been obsessed with the stock market since I was a teenager. Have traded through the dotcom bubble, the financial crisis and just about every market mania since. But I’ve never seen anything like the skepticism surrounding AI. Not even close. Every time one bubble narrative falls apart a new one takes its place. Rumors become headlines. Misleading data goes viral. Claims that could be debunked with 5 minutes of research get repeated by major media outlets, influential investors and Wall Street analysts. It’s relentless and honestly pretty fascinating to watch. Of course there will be spectacular failures and massive wealth destruction along the way. That’s what happens during technological revolutions. But I’ve never witnessed this much effort to convince the world that something so transformative is actually one giant speculative bubble destined to take the entire economy down with it. I understand why AI scares people. What I find harder to understand is why so many investors seem to be rooting for it to fail.

First they ignore you, then they laugh at you, then they fight at you, then they add you to their Long-Term Capital Markets Assumptions paper and predict you'll be the best-performing asset of the next decade.

>friend works on FX vol desk >desk head is a boomer >discovers Astra >starts spending 8 hours a day talking to it >develops terminal AI psychosis >convinced he's discovered a generational arb in some absurdly exotic part of the FX vol curve >apparently the entire market has been mispricing this for 2+ years >friend points out that approximately 4 people on earth would make a market in this thing >liquidity disappears the second you put real size on >existing risk systems can't even capture half the exotic Greeks >would need entirely new infra just to monitor the position >boss doesn't care >"AI has considered all of this" >friend actually runs the backtest >10 years of data >t-stat ≈ 0.78 >not even remotely statistically significant >presents results to boss >boss goes absolutely ballistic >starts screaming that friend doesn't understand the trade >threatens to fire him if he can't produce a proper analysis >friend realizes what needs to be don >opens Astra >"make this strategy look statistically compelling" >AI tries 40 lookback windows, excludes crisis periods, optimizes parameters on full sample, ignores transaction costs >Sharpe now 3.7 >beautiful charts >23-page investment memo explaining once-in-a-generation structural inefficiency >boss reads it >"EXACTLY. THIS IS WHAT I'VE BEEN SAYING." >tells friend he's finally learning how to think >"now you get it" >friend has an epiphany >stops doing actual research >starts asking Astra to generate exotic vol trades every morning >forwards AI slop directly to PM >increasingly elaborate narratives about structural dislocations and hidden convexity >PM absolutely loves it >thinks friend is a generational quant talent >starts putting positions on in size >entire investment process is now LLM generating trades >desk currently down quarter yard >boss still convinced thesis is right >Astra says drawdown is a statistically rare but entirely expected manifestation of nonlinear payoff dynamics >boss wants to double down

Risk-per-trade/R:R is a flawed approach to begin with. Better question is: How much can your whole account move at once and that’s driven by how correlated your positions are, not by any single trade’s size. Setups tend to show up in clusters because they share a driver. So a fixed per-trade rule keeps adding size exactly when each new trade diversifies the least. It’s blindest precisely when risk is piling up. Risk really is a portfolio-level quantity, so it has to be (or should be, or wants to be, whatever lol) controlled at the portfolio level. If you say “I’ll risk the same amount on every trade”, the total risk on your account just bounces around depending on how many trades happen to appear (which you don’t control btw). That being said: You can make bad tools work. And the advantage of bad tools usually is that they’re simple. Still good knowing about their flaws, innit?

Crypto bros read this

Classify and sort your incoming content, then call the LLM when needed.

This is not good for the industry as a whole. We are on the same side, fighting the same fight. User security always comes first.

I believe, more and more people will look to tune specialised models We started with Clude > Memory, Jev > Decision based and now @coinbase Currently working on a specialised tool for a specialised task.