stakes have never been so high before
Ardia
Joined June 2022
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holy shit
Binance just got $2.7 BILLION out in 24 seconds
If confirmed this could be the biggest hack of 2026
I’ve been looking at the transactions and, for now, the onchain activity looks much more like an internal wallet migration.
Here’s what happened:
At 20:24:23 UTC, Binance’s hot wallet known as Binance 14 transferred $2.53B across 64 different tokens.
24 seconds later, another Binance hot wallet sent an additional $174.4M to the exact same address.
Total: $2,701,600,000.
The assets moved included:
- $1.67B USDT
- $454.1M ETH (195,470 ETH)
- $88.5M RLUSD
- $77.1M wBETH
- $50.5M XAUt
- $50.4M UNI
- $43.9M ENA
- $38.1M PEPE
- $29.7M LINK
- $27.7M USD1
The Original Binance hot wallet:
0x28c6c06298d514db089934071355e5743bf21d60
Receiving wallet:
0x5227f603c1ee34ce3c06efe6477003bdfccb2f8c
The receiving wallet was created today and had no previous transaction history.
Despite receiving billions, it hadn’t started sending the funds to mixers, exchanges or other addresses at the time of the analysis.
Another Binance-labeled hot wallet independently transferred funds to the same destination just 24 seconds after the first batch.
And the original Binance wallet was still operating 16 minutes later, with approximately $98.6M remaining.
There’s one strange detail though.
At 20:41 UTC, the same relayer attempted another transfer involving 780M USDC from a third Binance hot wallet.
That transfer didn’t complete.
So there’s still something worth investigating.
Meanwhile, the market is getting destroyed.
$BNB: 8.6%
$ETH: 4.0%
$BTC: 2.7%
All down
For now, the most important wallet to watch is:
0x5227f603c1ee34ce3c06efe6477003bdfccb2f8c
If those funds start moving toward mixers or unrelated destinations, the situation changes completely.
yon retweeted
At @ycombinator, we're excited to fund more crypto startups solving financial needs including AI capital raising, stablecoins, trading, and agents.
Here's our latest crypto request for startups. Our next application deadline is Monday.
Seeing a lot of talk about AI and how a lot of moats are now dead and people even debating if there even is a moat left. People speculate that because of this its going to lead to some sort of grand merging of commerce as we know it. The intent economy they say where UI/UX, navigation, advertisement etc is all abstracted away from the end user.
What I think this is starting to show is that there is a lot of latent behavior and patterns in how we operate as a species that could be compressed probably a lot more than what we would be comfortable with, I've seen some people even joke and say that there will just be one big company called human services.
This is another case of convergent evolution and there are many examples of this in nature but AI is accelerating it to unprecedented levels.
Anyways this whole thing just had me thinking if life itself even has a moat, the integrity of lawful order of things in the universe. Everybody has seen but matrix but seriously think about it, sooner or later you won't actually need to struggle in the real world to have those satisfactory sensory activations in your brain, instead of getting it from the environment you can directly communicate to your brain the type of life you want to live, if there really is no moat to life then this end state is probably the most optimal way to spend your time because operating with the restrains of the real world just gets in the way of unlocking those satisfactory experiences for most. This might sound crazy but understand that we are already doing this, everyday we prompt our environment to get the experiences we're looking for and as society has progressed we've gotten better and better at that, if the universe allows it which it seems like it does you can not only directly communicate experiences you want to have to your brain but they would in fact be indistinguishable from real life.
tldr: life may have no moat
yon retweeted
The entire internet will be rearchitected around intent vs attention, starting with commerce + trading.
Today our entire industry was built around understanding users online e.g. tracking users, figuring out what influenced an ad, creating ads, pushing ads, content related to ads, and measuring what led to a purchase.
All of this could eventually collapse into who owns the user’s intent.
Every intent can lead your agent to speak to other agents representing shopping sites, research sites, review sites, and more. Every research task, purchase, and connection between agents could have a cost, and if the end result turns out to be a purchase, it’s very likely that all of the agents involved in fulfilling that intent could capture some sort of fee
You can argue the same thing will happen with trading.
Instead of shopping agents talking to merchants, it’ll be trading agents talking to other agents representing brokerages, exchanges, and liquidity providers.
Some agents will handle research, strategy, or execution, and each could get paid for the value they provide.
It’s very likely all of this will require new infrastructure around payments, identity, trust, and settlement between agents.
But imo the bigger shift here is that the internet is moving away from monetizing attention to monetizing intent, and the death of the attention economy + ads
yon retweeted
This is the least surprising graph in the world if you understand how gradient descent works.
They don't have to directly integrate crypto, look at @Collector_Crypt, did pokemon or the TCG industry as a whole push for crypto? no but the environment was setup in a way where nobody needed permission to merge the two. I don't know how far GTA 6's creator economy will go but it would be in their best interest to make it as expressive as they can so the top RP servers can do what they want.
this is actually an incredible way to think about it, hopefully this turns out to be the case.
My theory on the future of work:
Within 5 years, most people will be entrepreneurs. The incentives of owning a one-person business are better than those of full-time employment. In the past, most people were entrepreneurs in the form of farmers, tradespeople, and merchants. We’re going back to those times. AI is speeding up the transition because it’s removing the bullsh*t email jobs created over the last 30 years. Real work that requires creativity, agency, and imagination is returning.
Most people will not respond well to this change. People will do anything to avoid discomfort, especially sales and marketing. But there’s no other way. Those who don’t embrace this trend will struggle and end up in jobs that pay less and less. Many will lose hope. Many will not face reality. But the people who do will do extremely well.
Thinking and acting like an owner makes the work you do better. Everyone wins.
Building someone else’s dream is getting exhausting, too. The meaning crisis is proof. It’s more purposeful and fulfilling to build your own business. That’s why this trend is exploding. Nobody wants to go to an office daycare anymore, get told what to do, and lose half their day in traffic. We want agency. We want freedom. We want real incentives. Entrepreneurship provides all of those things and more. It just took us a few decades to remember why.
The return to entrepreneurship will be extraordinary. It’ll usher in a new golden age. Don’t f*ck it up.
tldr there is no moat left and the moat in the future will be to have the moat
by the time ur kids enter adulthood there will be nearly no moats left:
- intelligence commoditized by ai
- looking jacked and sexy commoditized by glp-1s and myostatin inhibitors
- agency and resilience commoditized by dopamine and prefrontal modulators
- being fun to be around commoditized by meta raybans which will give u jokes to tell in real time
the only moat left is having rich and powerful parents.
therefore ur job is to get rich and powerful.
the way I've always thought about this, is an infinite amount of time starts to pass immediately after you die, if the universe / existence is infinite, you will reappear instantly in whatever configuration obtains your same stream of conciousness (whatever makes you feel like you're in your body)
I think when you die, your brain permanently stops functioning and your consciousness ends with it. You don’t experience darkness, silence or an eternity of nothing. There’s simply no experience at all.
I see no convincing reason to believe we wake up somewhere else. This life is the one we know we’ve got, and that makes how we spend it matter even more.
.@papertrade_xyz reads like fractional reserve banking lol
i’m not sure why this needs to be said, but people claiming the @papertrade_xyz whitepaper illustrates all its flaws upfront so there’s “no crying in the casino” are missing the point.
documenting how a mechanism works is not the same as proving its economics are sustainable.
the question was never whether the rules were disclosed. it’s whether the house can actually pay its winners when the model gets stress tested.