For years, MEXC was the back door of crypto. If you couldn't KYC, because you were in the US, the UK, mainland China, Singapore, Canada, or other restricted jurisdictions, MEXC let you in anyway. A VPN, an email, and you were trading. 10 BTC a day in withdrawals, no questions asked. By some industry estimates, unverified users were a substantial share of MEXC's book. The exchange built its business on that liquidity, under a tacit "don't ask, don't tell" arrangement that worked beautifully for everyone as long as the music kept playing.

Then MEXC stopped the music. Deposits and withdrawals are now gated by KYC. The 10 BTC unverified limit is gone. For users who can't or won't verify, the very population MEXC quietly courted for years, the only escape is a "Withdrawal Appeal Form" more invasive than the KYC it replaces. A classic bait-and-switch.

This is a betrayal. And the form is a privacy disaster waiting to happen.

The Implicit Deal They Just Broke

Exchanges have the right to change policies. There's a right way to off-ramping users who can’t/don’t want to KYC, and there's MEXC's way.

The right way is what Binance did in 2021: public announcement, phased multi-week window, non-KYC accounts switched to withdraw-only mode. No appeal form, no facial video, no hostage situation. Bitget did the same thing later. This is the standard playbook.

MEXC tore it up. No public timeline, no grandfathered withdraw-only window, no clean exit. Funds deposited under the old rules are now gated behind the new rules, and the only "remediation" is a process designed to make you surrender more personal data than full KYC would have demanded.

The cruelest part is what this does to the users MEXC most aggressively cultivated. A US, UK, Chinese, or Singaporean resident who deposited via VPN now faces two options: walk away, or file the appeal.

What the Form Actually Costs You

Here's what the appeal collects: a government ID, front and back. A live video of the user holding the ID alongside a piece of paper with their full name, ID number, MEXC account UID, and submission date. The face must be visible and unobstructed.

This is more revealing than ordinary KYC because of who fills it out. Ordinary KYC catches everyone: the $50 user, the $500,000 user, all in one bucket. The appeal is self-selecting: only users with enough money to bother filming themselves go through it. If the data leaks, it's a curated list of MEXC users with non-trivial balances, faces and IDs bundled together.

If you think this is paranoia, look at the recent record. The 2020 Ledger leak, names and addresses of 270,000 hardware wallet customers, is still being weaponized in 2026, having seeded six years of phishing campaigns and physical attacks. In May 2025, Coinbase disclosed that bribed contractors leaked KYC data on tens of thousands of users; the resulting social engineering wave cost users tens of millions directly and contributed to the year's spike in physical "wrench attacks." Jameson Lopp's database documented roughly 70 such attacks in 2025, nearly double 2024's count. A US home-invasion ring led by Gilbert St. Felix used leaked exchange KYC data to identify victims before resorting to torture and finger amputation to extract seed phrases.

A MEXC appeal-form leak would be qualitatively worse. Ledger's leak gave attackers names and addresses. Coinbase's gave them KYC details. The MEXC appeal form, leaked, would give all of that plus a clear video of the victim's face and, by implication of having submitted the appeal, confirmation that the victim has a balance worth filing for. Face for recognition or deepfake/ID theft. Home address from the ID. That's a doxx kit specifically curated to identify wealthy crypto holders, exactly the population physical attackers are now actively hunting.

For users in restricted jurisdictions, there's a second layer. The form is its own paper trail to the IRS, FinCEN, HMRC, or whichever local authority. If MEXC ever settles with a regulator the way Binance did with the DOJ, that data goes with the settlement. Users who filed the appeal trying to get out of MEXC will have given MEXC the documentation to hand them to their home government on the way out the door.

What has MEXC said about how this data is stored, encrypted, retained, or destroyed? Nothing of substance. No published audit of the appeal flow, no retention schedule, no breach-notification commitment. MEXC's $100M Guardian Fund covers trading-asset losses, not PII breaches. The Seychelles registration with operations in Dubai puts legal recourse for any future leak somewhere between "limited" and "none." If this data leaks, the affected users are screwed.

What Should Happen and What You Should Do Now

The fix isn't complicated. MEXC should immediately offer a grandfathered withdraw-only window for any account that existed before the policy change. That's the playbook every other major exchange has used in similar transitions. It satisfies any compliance regime the appeal form would. It protects users from leak risk. It generates orders of magnitude less PR damage. There is no defensible reason it isn't already in place.

MEXC built itself on the trust of users who specifically wanted to avoid centralized data hoards. It's now demanding deeper data submission from those exact users drawn to its honeypot and offering nothing in the way of security commitments in return. That isn't compliance. That's predation in a compliance costume.

If you're affected, be loud. Their calculation depends on you swallowing the loss quietly or filling out the form quietly. Don't.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
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I wanted a small position in tokenized gold for diversification but the swap in felt expensive (-3% slippage on cowswap) and I received even less than expected so I ended up getting less exposure than planned.

Tokenized Gold in crypto currently has a lot of Hype, I mean it should be straightforward but the entry point always eats into the position right away with fees slippage and sometimes extra steps that make it feel heavier than it should.

It sounds simple on paper but in practice it still feels messy. How do you buy tokenized gold (PAXG/XAUT) without getting insane slippage?

Maybe I’m looking way too deeply at the whole thing but considering Iran and the US is at war with each other, it seems only stupid for Iran to try to utilize tether for anything at all. Especially trying to use tether as the medium in which they collect fees for the straight of Hormuz. Are they really that ignorant? Just a simple oversight? Or is this intentional and there’s another part of the story that im missing.

For those who haven’t heard, Iran was collecting bitcoin and tether for the straight of Hormuz tolls, tether is centralized, and tether froze all of irans crypto wallets within the last 24 hours.

Maybe there’s something obvious I overlooked but I just don’t buy that Iran on its face would be that stupid.

Hey guys, I have been out of the crypto scene for a while, but upon visiting this sub again it seems sentiments have changed drastically. I invested a small amount in crypto in 2018 and kind of just left it before it multiplied in 2021 (still not too much money, but a win is a win). I’m not much of a risk taker, so while my friends got into the boom after that and started leverage trading I decided to hold a bit of all the large cap coins for the long run. I bought large amounts of bitcoin, eth and bnb, and put bits in ADA, SOL, LINK, POL, DOT, ATOM, AVAX, FTX and LUNA. I started researching them to get an understanding of what they were doing and remember, while they had their detractors, there was a lot of hype around all of them. I witnessed the FTX and LUNA crashes and then kind of just left my bucks and focused on other stuff. Coming back it seems that bitcoin and to some degree ethereum and maybe BnB are the only ones that still have any positive sentiment, and the rest of these favorites are now being bashed left, right and centre. I know alt season was a let down and there were some major liquidations and hacks but did anything else happen to cause this? Institutionalisation? Feels like the ecosystem buildup and all of that is not really something people are concerned about as much anymore. I don’t have much skin in the game, so just asking out of genuine curiosity.

hi, firstly looking for honest input here rather than the usual "all CEXs bad" comments.

i've been on coinbase since february buying small DCA amounts into btc and eth. thinking about switching or at least adding bybit because the fees on coinbase are killing my stack and a few friends recommended it.

read the last 3 months of posts about exchange safety, still have specific questions that i couldn't find clean answers to. so:

1. is it actually safe for someone who isn't going to trade futures or anything fancy?

from what i gathered yes, they have the same basic security stack as the big ones. 2FA (google authenticator, not SMS which apparently i should avoid), withdrawal address whitelist, anti-phishing code you set that shows up in real emails from them. i turned all of this on during signup. took me maybe 15 minutes.

1. how worried should i be about the hack from last year?

saw a post here a week ago where someone said basically "every CEX gets hit eventually, what matters is whether they cover users" and that reframe stuck with me.

apparently bybit did cover everyone and withdrawals never stopped. which is more than i can say for some platforms i read about during my research.

1. what about just not keeping coins on the exchange at all?

this is what i'm actually doing. bought a trezor safe 3 after lurking here for a while. anything i'm not actively planning to sell within a few weeks goes to cold storage. not your keys not your coins i know this is drilled into everyone on this sub but it's the rule i follow.

1. anything specifically beginner-unfriendly about bybit vs coinbase?

the app has way more stuff on it. copy trading, bots, earn products, a card, launchpad. i basically ignore all of it and stick to the buy/sell screen. felt overwhelming the first day but now it's fine.

anywayany glaring red flags i should know about before i do my first bigger buy there? appreciate the sub, learned a lot from lurking.

Been exploring crypto arbitrage lately, and it feels like it’s less about finding price gaps and more about how fast you can actually act on them. Bots and tools seem to help with speed and automation, but fees, slippage, and execution delays still make things tricky in real conditions.

From what I have seen, most profits are pretty small per trade, so it’s more about consistency and stacking small gains rather than expecting big wins. Also feels like competition has increased a lot, so opportunities don’t last long.

Has anyone here used arbitrage tools regularly?

Did you manage to stay profitable over time or not?

GSR, which is to say one of the oldest and most sophistocated market making operations in digital assets, a firm that hath spent the better part of a decade knowing exactly what price things are about to be before thou dost, hath graciously decided to package Bitcoin, Ethereum and Solana into an actively managed ETF called BESO so that the common investor may gain exposure to the very assets GSR hath been trading around with considerably more information and considerably less latency than thou wilt ever possess.

This is called democratization. I am told it is a positive development.

The “активно управляемый” is where it gets truly poetic. For an index fund simply holds the assets and charges thee a small fee for the privilege of not thinking too hard. An actively managed fund holds the assets, charges thee a larger fee, and also makes decisions on thy behalf using the same market intelligence that a firm like GSR has spent years and considerable resources accumulating.

Thou art not buying exposure to Bitcoin Ethereum and Solana. Thou art buying exposure to GSR’s opinion about Bitcoin Ethereum and Solana, filtered through a regulatory wrapper, at a markup.

Nobody could’ve anticipated knowledge would belong entirely to fund managers and the interest would be paid entirely by us.

Korea used to have a pretty strong base of crypto builders. But ever since the Terra-Luna collapse, they’ve kind of disappeared from view. It’s not that they stopped building, more that they’ve started hiding where they’re from.

Seeing the same pattern over and over: Founders set up companies in places like Singapore or Dubai, build teams from all over, and structure things so it’s not obvious the project is Korean.

It’s easy to blame the global hit to trust after Terra-Luna. But the more interesting part is what’s happening domestically. Korean investors themselves became some of the most skeptical toward Korean projects. So now you’ve got this weird situation where one of the biggest crypto markets in the world (~11 million verified users, ~21% of the population) is actually really hard for Korean teams to break into.

It doesn’t seem to get better. A lot of devs who used to work in Web3 are starting to move toward AI, especially AI agents and on-chain AI infrastructure. So the pool of builders are now actually shrinking.

On top of that, there’s a sense of fatigue setting in. Years of recycled ideas and projects that never really delivered have worn people down. The users who stuck around through multiple cycles just aren’t responding to the same old playbooks anymore.

So Korean builders are in a tough spot. Globally, there’s still some lingering skepticism toward Korean projects. Domestically, investors are tired of being burned. It leaves them caught in the middle, trying to build in a market that doesn’t fully trust them anywhere.

Source: https://www.coingecko.com/learn/2026-korea-crypto-market-guide-tiger-research

yo so kevin oleary literally exited his entire altcoin portfolio and moved 90% into bitcoin and ethereum and everyone’s acting like this is some random thing that’s an L, its not random yo. this guy makes money off attention and he just signaled something with his portfolio that matters.

his reasoning was simple: scale and survivability. yo thats it. not narrative, not hype, not which chain is gonna moon first. he looked at what actually survives and goes all in on the two names that don’t need venture funding to exist thats a shift man.

the institutional game right now is insane. institutions absorbed 19,000 bitcoin in eight days against 2,100 produced by miners, meaning they absorbed nine times the new supply real structural demand timing. when kevin o’leary sees that happening he doesn’t waste time on altcoins anymore because the game is already decided.

he’s abandoning alts because bitcoin and ethereum have superior scale and survivability . yo thats investor speak for “everything else is going to get liquidated when sentiment shifts and i don’t want to be holding that bag.” he watched DeFi bleed all month.

watched the hacks pile up. watched protocols die. and decided the only safe place is the stuff that’s been around since 2011 and 2015.

the fed decides tomorrow. if rates hold bitcoin probably breaks $80k easy with institutional demand still absorbing everything. if they cut rates earlier than expected we probably dump. but kevin already made his decision before any of that. yo he doesn’t care about the fed. he cares about what survives the next bear market. and apparently only two things do.

everyone else still chasing altcoins is basically gambling. kevin o’leary is positioning for the next five years. thats the difference between being rich and being lucky

I've been tracking the new Qubic Doge pool since the April 1 launch. posting because the on-chain data is all publicly verifiable, and I'm curious what other people make of it.

live stats from doge-stats.qubic.org at time of posting: Hashrate: 6.46 TH/s, blocks found: 49, pool share: 0.224 %, active computers: 292, solutions accepted this epoch: 563,044

Compared to early projections, hashrate growth has been steady. What's more interesting to me is whether this represents real traction or just initial curiosity from existing qubic operators trying the new option.

Is anyone else watching the actual network data? What metrics would you want to see at the two-week mark to judge whether a new pool is gaining traction vs just attracting initial experimentation?

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

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Just a reminder that these two services exits:

https://workingforbitcoins.com/

and

https://rushgigs.com/download

Both unfortunately still don't have much traffic, but just wanted to share them.

Working For Bitcoins allows you advertise yourself as a freelancer ready to work or post jobs to hire people. This site is mainly designed for remote jobs.

Rush Gigs on the other hand is more for local gigs, like hiring someone the same day to help you with yard work, fixing/repairing things, additional hands at a work site, etc... Or if you are free that day and want to make some crypto.

BTC Markets has just emailed all users announcing a significant change to its terms and conditions. Users have been given less than half a day to act - if they do not withdraw their crypto within that window, they are deemed to have accepted the new terms by default.

-

The change is particularly concerning because BTC will now stake digital assets held on behalf of users, while retaining all staking rewards. This shifts additional risk onto account holders without offering any corresponding benefit or clear assurance that these risks will be covered.

-

Most troubling is the timeframe. Providing only a few hours for users to review the changes, assess the risks, and potentially move their assets elsewhere is an unreasonably short window for a decision of this magnitude.

-

Full email reads:

-

-

Staking Your Digital Assets (new)

The updated Terms of Service include the ability for BTC Markets to stake digital assets it holds on your behalf on supported proof-of-stake networks, and to retain all rewards generated from that staking. The manner in which we intend to perform these activities, and the risks associated with them, are set out in clause 13 of the updated Terms. **By continuing to use your account after 12:00pm AEST 28 April 2026, you expressly consent to these staking activities.** If you do not consent, you can withdraw your digital assets to a wallet under your own control (self-custody) at any time, or close your Account before the effective date.

By continuing to use BTC Markets after 12:00pm AEST 28 April 2026, you agree to the updated Terms of Service and Privacy Policy. By agreeing to these documents, you also expressly consent to the staking activities described in clause 13 of the Terms and to the cross-border disclosures described in the Offshore Disclosure Consent. If you do not agree with the changes, you can close your account before 12:00pm AEST 28 April 2026 by contacting our support team, and we’ll help you withdraw any fiat currency and digital assets before closure.

everyone keeps saying prediction markets are killing crypto right and like no thats not even true dude. Q1 was shit yeah but april came back. like capital’s flowing again. polymarket isnt stealing users its just like… its just finding all these retail guys and showing them theyre not smart actually.

heres the thing man. 84% of people on polymarket literally never make money. 84% . like think about that for a second. thats insane. and then like below that it gets actually stupid. only like 0.98% ever hit 5k in a month and like 35 people.

THIRTY FIVE out of 2.5 million did it for a whole year . 0.04% took 70% of all the money.

so like prediction markets arent killing anything theyre just showing you where you actually stand in the market and spoiler alert youre probably losing. the winners exist but like you cant even see them cause theres like basically none of them. everyone else just bleeding slowly which is honestly kind of funny when you think about it.

people keep saying like oh crypto will benefit when prediction markets mature and bring in more capital or whatever. yeah maybe . or maybe we just built like the perfect machine for taking peoples money. infrastructure looks clean. results are brutal.

crypto isnt dead man its just like… its just concentrated. people who actually know what theyre doing still make money.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

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the crypto industry desperately wants this bill. more than 100 signed an open letter last week urging a markup hearing in the Senate Banking Committee . the drop-dead date is memorial day (may 25). after that lawmakers leave town to run campaigns and nothing gets done .

this was supposed to cement crypto industry goals into law. make it hard for a future administration to undo. without it we’re having this conversation again in like four years when whoever wins 2028 decides to flip the table. Stablecoin yield is still the main issue being debated. other outstanding questions haven’t been resolved either

the house already worked out most of the sales practices and DeFi stuff but the senate is just… stalling.

we’re 30 days from a deadline that would’ve locked in regulatory clarity for actual years and the space is more focused on whether bitcoin breaks $80k or not.

this is the boring structural stuff that actually matters and it’s dying in real time while everyone watches hacks and price action.

for the last 5 years we thought "this is my month" but that month never arrived...crypto was literally outperformed by inflation in this whole time. And i am not talking about shitcoins, but bitcoin, ethereum and so on...

all my friends who didn t invest a cent in crypto in the last 5 years now have a good car, nice house and so many girls to pound

but me? I had hopes but now I just realized i was a bag holder for the last 5 years and nobody will give this time back to me...just a wasted portion of my life

i decided to sell everything and started a 3rd job just to shortcut as much as possible this gap between me and my friends in this 5 years

that s it guys, we (the crypto community) deserve to work like slaves till we die for someone smarter than us while everyone else is going to party and have fun and we just watch them from their stories

what used to be a high risk / high reward asset now it s just a high risk / low reward asset which is outperformed even by the inflation

crypto is over, just take your money back and start to build your poor life again from 0 because crypto sentenced us to live in mediocrity and poverty

12 European Banks working under the confederation Qivalis Ventures have been developing a Euro stablecoin compliant with MiCA standards. The stablecoin is expected to launch around late 2026, most possibly in November.

Qivalis reportedly will have the power to track, freeze, and seize user assets in accordance with AML and KYC laws.

European institutions, both regulatory and commercial, have become wary of USD stablecoins such as USDC, USDT, PYUSD, and others. The Deputy Governor of the French Reserve Bank voiced his concerns last month.

A Euro stablecoin is expected to receive fast-track approval amid the growing dominance of USD stablecoins.

Source: A2Z Cryptocurrencies

an independent researcher broke a 15-bit elliptic curve key on a public quantum computer, winning Project Eleven’s 1 BTC Q-Day Prize . 512x jump from the previous record.

bitcoin doesn’t have formal governance. it can’t coordinate a cryptographic migration. the quantum threat could drain 6.9 million BTC including Satoshi’s

meantime IBIT options open interest topped Deribit, signaling rapid institutional adoption of regulated crypto derivatives

they’re building leverage products while the foundation gets structurally weaker.

DeFi recorded 47 incidents in the first 4.5 months of 2026, compared with 28 in the same period in 2025. everything gets faster, more leveraged, and more broken at once.

Tether just froze $344 million in USDT tied to Iran sanctions as part of the “Economic Fury” campaign

stablecoins are enforcement infrastructure now.

bitcoin crossed $78k on a ceasefire rally while crypto lost $606 million to hacks in 18 days of April, the worst month since February 2025

two exploits account for 95% of it: Drift Protocol ($285M) and KelpDAO ($292M), both Lazarus… Grayscale and Bitmine staked $500M in ETH while the Foundation sold 10k ETH . the institutional play is obvious: yield, privacy, infrastructure.

but also stablecoins governments can freeze

we’re building a system where the technology enables privacy and the policy layer enables control. that’s just finance with extra steps.

Written by Brian McGleenon, Global Head of News

Happy Saturday one and all,

Brian here.

Standing on the Master Stage at Paris Blockchain Week 2026, I looked out at a crowd that represented the ultimate convergence of two worlds, the incumbents of traditional finance and the insurgents and innovators from the crypto space.

Six years into this event’s history, the distinction between "crypto" and "finance" has almost entirely dissolved. We have to wonder if we even need to use the words "crypto" or "blockchain" anymore, as they are rapidly receding into the background, becoming the invisible scaffolding of our economy just as TCP/IP and SMTP became the unnoticed protocols that power the internet we use every day.

I have seen many industry cycles, but this year felt like a definitive turning point where infrastructure, regulation, and capital finally aligned.

The week began with a vivid reminder of why we are here. I joined hundreds of executives and builders at the Palace of Versailles for the opening VIP dinner. It was a surreal moment, walking through the Hall of Mirrors to discuss decentralized protocols in a palace built on the sovereign debt of a bygone era. I had the pleasure of catching up with Adam Back, the CEO of Blockstream, who pointed out the irony of the setting. Versailles was famously the backdrop for John Law’s failed paper money experiment in the 18th century. Discussing a system built on cryptographic immutability and hard supply limits in the very halls where fiat once collapsed was a powerful contrast that set the tone for the entire week.

The official proceedings on the second day of the conference were opened by Jean-Didier Berger, France's Minister Delegate of the Interior, and Michael Amar, Chairman of PBW. Their presence signaled that the French state now views blockchain not as a novelty, but as a pillar of national security and economic strategy.

Throughout the event, I moderated several key fireside chats that dug into the technical reality of this shift. On the Master Stage, I spoke with Ben Zhou, Co-founder and CEO of Bybit, about the rise of "Agentic Finance." We explored a future where the traditional user interface disappears, replaced by AI agents that navigate liquidity and execute strategies autonomously. In this paradigm, exchanges like Bybit are becoming the high-velocity infrastructure that the world's largest banks must inevitably plug into.

I also spent significant time with Lukas Enzersdorfer-Konrad, CEO of Bitpanda, discussing Europe’s unique position under MiCA. It was fascinating to hear how Bitpanda has transitioned from a retail broker into a primary regulatory safety net for Tier-1 banks like Société Générale. We moved beyond the old "crypto vs. bank" narrative to discuss how compliance has become a competitive moat, allowing traditional capital to merge seamlessly with decentralized liquidity. Additionally, at the RippleX Roadshow, I moderated a session with Markus Infanger on the evolution of financial rails. We discussed how legacy finance is actively fighting the clock in a 24/7 economy, and why blockchain is the only plumbing capable of supporting the high-velocity demands of tokenized equities and money market funds.

Beyond the main stage, I had the opportunity to conduct in-depth interviews with a wide range of leaders who are driving this adoption forward. I spoke with Jody Mettler of BitGo about the future of qualified custody, Andranik Mnatsakanyan from Visa regarding stablecoin payment rails in Europe, and Ouriel Ohayon of Zengo just as their acquisition by eToro was announced. Every conversation pointed back to the same reality: institutional adoption is no longer a goal; it is the current operating environment. All of these insights are feeding directly into our upcoming BeInCrypto x Proof of Talk Institutional 100 Awards at the Louvre this June, where we will officially recognize the people and platforms making this transition possible.

So, I am left with the conclusion (for now), that as BlackRock and its peers descend upon the space, a lingering fear still persists that Wall Street might somehow dilute the ethos of Satoshi’s white paper. However, during my time in Paris, a more compelling counter-narrative has emerged: BlackRock won't change Bitcoin; Bitcoin will change BlackRock. Rather than the incumbents co-opting the technology, the immutable principles of decentralized finance are beginning to rewrite the DNA of traditional finance itself.

BeInCrypto Podcast of the Week

In this week's episode of the BeInCrypto Expert Council podcast, I was joined by the legendary Adam Back to explore why the world’s largest financial entities have finally succumbed to the logic of Bitcoin’s game theory.

Building on our conversations in Paris, we sat down to discuss the compelling case for institutional finance to allocate capital into Bitcoin and blockchain infrastructure. Adam shared his perspective on the true purpose of Satoshi Nakamoto and why this mysterious figure remains, and likely always will remain, anonymous.

We also reflected on the historical transition from the "paper money" failures of Versailles to a modern global economy built on cryptographic proof, and how Blockstream has been leading the charge in building the high-speed rails for this new financial order.

Watch this video

Stay safe out there,

Brian McGleenon,

Global Head of News, BeInCrypto

commercial@beincrypto.com

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Copyright © 2026 BeInCrypto.com, All rights reserved. Want to change how you receive these emails? You can update your preferences or unsubscribe from this list

Not financial or tax advice. BEINCRYPTO content is strictly educational and is not an investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

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Litecoin update:

• A zero-day bug caused a DoS attack that disrupted major mining pools.
• Non-updated mining nodes allowed an invalid MWEB transaction allowing them to peg out coins to third party DEX’s
• A 13-block reorg reversed those invalid transactions — they will not be included in the main chain
• All valid transactions during that period remain unaffected
• The bug is now fully patched, and the network continues to operate normally

https://xcancel.com/litecoin/status/2048135554445832542

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

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Ppl only looking at short term liquidity saying shorts have been liquidated. But have u paid attention to older liquidity? 3 month coinglass chart is just beginning to show it, u need smth like trading different to see it fully. Goes all the way up to 96k. And there is a ton of it.

Pay attention to the sideways consolidation, we have been doing this every weekend and then pumping to the upside.

Everyone and their mom is shorting here. That means a very very very strong chance of upside. We’re going into the 80s at the very least. Do not short and get rekt.

Literally every popular source on the internet has been saying we’re going to dump from here. It’s overcrowded. MM will never allow it until it benefits from both sides. First upside.

Dca/buy and hold

crypto, and not talking about shitcoins but bitcoin, ethereum and so on...are not anymore what used to be: high risk - high reward assets

in the last 5 years it was just high risk - low reward...it was even outperformed by inflation

that s it boys, we wasted a good portion of our lives that nobody will give us back

at this point we are just watching how anyone else is enjoying their lives, while we are starving

that s it, this is our destiny...we belong to work till we die for someone smarter than us while they drive the latest car, travel all around the world and fk greatest puzzys

i am out. I sold every single coin and i am looking to devote my rest of the life to our Lord, at least it gives me purpose

Hey everyone,

I've been spending a lot of time learning about crypto over the past while, and one thing I've noticed is that there are tons of communities out there — but many of them feel either too advanced for beginners, full of noise, or focused mostly on hype rather than education.

So I wanted to ask the broader community here:

What would actually make you join — and stay active — in a crypto community?

Some things I'm curious about:

* What features or tools would make a crypto community genuinely useful to you?

* What do most crypto communities *lack* right now?

* What made you leave past crypto groups or Discord servers?

* If you're newer to crypto, what would make learning less overwhelming?

* If you're experienced, what would motivate you to help or participate?

**A bit of context:**

I've recently started building a small crypto-focused community aimed at helping beginners learn the basics — things like understanding wallets, avoiding scams, learning how to research projects, and developing long-term investing habits rather than chasing hype.

My long-term vision is to build something that:

* Helps new people enter crypto safely and confidently

* Encourages responsible investing and risk awareness

* Focuses on education and tools, not just price talk

* Builds a community where people actually help each other grow

* Adds features or ideas that *don’t already exist everywhere*

But before expanding it further, I want to learn directly from the wider crypto community.

**So I'd love to hear your honest thoughts:**

* What would make a crypto community worth your time?

* What ideas have you never seen done well — but wish existed?

* What would make you trust a new community?

* What does your ideal long-term crypto community look like?

Even short answers or small ideas are appreciated — sometimes the best features come from simple suggestions.

Thanks in advance to anyone who shares their perspective. I’m genuinely trying to build something useful rather than just another noisy crypto group.

• Cryptocurrency markets have finally bottomed out with Bitcoin nearing $80k.
• We expect a market-wide surge to $100k per BTC; however, further gains are capped due to high Federal Reserve interest rates, which have choked market liquidity.
• Derivatives data suggest we might see a sell-off around $100k. However, a fall below $70k might not happen in the near future.
• Any surge above $100,000 has to be accompanied by a strong market signal, such as a lowering of interest rates, the end of global conflicts, and the resurgence in economic growth in primary markets

Source: A2Z Cryptocurrencies

If someone could tell you a big price move was coming in the next 60 seconds but not which way, is that worthless or does it have a standalone value?

What is the actual value of so?

What would you actually do with it?

Does it change based on your strategy, your position size, your risk tolerance?

A scalper and a swing trader probably answer this completely differently. I'm not claiming anything, genuinely curious on how traders think about these types of things and if this is already actively being done or just impossible.

ok so i've been holding usdt on and off for like 3 years now. mostly as a buffer between trades, sometimes as savings when i don't feel like being in btc.

the thing that's been quietly annoying me for a while: every time i actually want to spend that usdt on something real, i end up doing the same stupid routine.

sell usdt → wait for it to hit fiat → withdraw to bank → wait 1-3 days → then spend.

by the time the money is actually usable i've usually already moved on from whatever i was gonna buy. or i've just given up and paid with my regular debit card and told myself ‘i'll deal with the usdt later.’ which i never do.

it's not the fees that bug me. it's the dance. like, why am i still doing 4 steps for something that should be one step.

recently started looking at the crypto card space again to see if this has actually gotten better or if it's still the same sketchy landscape from 2021. found a couple that claim to let you spend exchange balance directly without the sell-and-withdraw step. bitmart card is one (since im already on bitmart for spot trades, this was the most obvious one for me to look at) that pulls from your spot account directly. no top-up, no sell step. the trade-off is obviously that your funds stay on the exchange, which... ok fair, that's its own conversation.

haven't fully committed to it yet though. before i do, i want to know from people who've actually used one of these:

does the ‘direct from exchange balance’ thing actually work smoothly in practice, or does it quietly add hidden fx/conversion fees?

how bad is the custodial risk if you're already keeping usdt on an exchange anyway? does using the card meaningfully increase exposure vs just holding?

anyone actually compared the real cost (card fee + fx + atm) vs just biting the bullet and doing the sell-withdraw cycle through a regular bank?

kind of tired of reading marketing pages. would rather hear how it's actually working for people who aren't selling me something.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
• Discussion topics must be related to cryptocurrency.
• Behave with civility and politeness. Do not use offensive, racist or homophobic language.
• Comments will be sorted by newest first.

Useful Links:

• Beginner Resources
• Intro to r/Cryptocurrency MOONs ????
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

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there’s this guy ben pasternak right. australian. dropped out of school at 15, moved to silicon valley, was literally on magazine covers as a teen prodigy. then he started a vegan chicken company, raised fifty million dollars, sold it, and then immediately – like the next month – launched a crypto token named after himself.

which is already a choice. but then the token collapsed and he launched another one. and that one collapsed and he launched another one called Believe. and the lawsuit that just got filed says he ran the same play three times, same structure every time, generate hype, pull in investors, collect fees, let it die.

and look i know that’s bad but here’s the thing that got me. the class action was filed march 23rd. eight days later something happened and now he’s been arrested and charged and is due in criminal court in june

he’s 26. he sold a vegan meat company fourteen months ago. FOURTEEN MONTHS. the vegan chicken was genuinely well reviewed by the way, like that part of his life was fine, people liked the nuggets.

everything after the nuggets has been a disaster. i don’t even know what the lesson is here. don’t sell your nugget company maybe. stay in nuggets.​​​​​​​​​​​​​​​​

I'm Andrew Gordon, an attorney and CPA who works on crypto tax. I'll be at Bitcoin 2026 next week in Vegas, and we are hosting a happy hour during the conference for anyone who wants to talk policy and where crypto tax is actually heading in 2026. Wanted to put it on this sub in case any of you are flying out and looking for something worth your evening.

It is called Crypto Needs a Voice: Policy, Progress, and Participation, and it is happening at the conference location on Restaurant Row, so no Uber, no schlep across the Strip. Just walk over after sessions wrap.

Use this link to RSVP - space is limited!

Quick rundown:

• I'll kick things off with brief remarks on what's happening in Congress right now, what we're hearing behind the scenes from Senate and House offices, and what the industry should be paying attention to this year. If you've been following my work on the voluntary disclosure program, cost basis, and 1099-DA, this is the in-person version of that conversation.
• After that, it shifts into what Vegas does best: real conversations, real connections, and an open bar.
• Drinks and food are provided. No cost to attend.
  
• Earlier that day I'm also speaking on the conference stage in a session called Taxes 1099-DA: What You Need to Know, so if you want to come to that first and then roll into the happy hour, you'll get the full picture.

Why I'm doing this: I've been going back and forth to DC over the last year meeting with legislators and policymakers, and the single most valuable thing I bring into those rooms is real stories from real builders, investors, and everyday holders. Conferences like this are where I meet the people whose stories actually move the needle. If you have a tax situation that is confusing, unfair, or just plain stuck, I want to hear about it.

Open to anyone attending Bitcoin 2026. Builders, investors, miners, devs, tax pros, the whole spectrum. Sign up here so we have a headcount for food and drinks.

Happy to answer any questions in the comments. See you in Vegas.

i need everyone to understand both of these things happened in the same week. the DOJ charged an active duty soldier for betting on the Maduro removal using classified government intelligence.

trump went on camera and called the world a casino and promised to investigate federal officials on prediction markets. kalshi banned three politicians for trading on their own races. the entire US apparatus is suddenly very concerned about information asymmetry on a blockchain.

meanwhile in france, a Polymarket account opened two days before the bet, with zero prior history, staked on a long-shot Paris temperature outcome. the CDG airport sensor spiked 4°C in twelve minutes while every other data source showed nothing.

they won $14,000. nine days later the same account did it again for $20,000. allegedly with a hair dryer. meteo-france filed a criminal complaint carrying up to seven years in prison. for $34,000. with a hair dryer. at an airport. allegedly.

the hierarchy of who gets investigated for market manipulation in 2026 has nothing to do with the size of the manipulation.

a soldier and a guy with a hair dryer got caught because prediction markets are transparent by design. tether is at $184 billion unaudited.

JPMorgan moved a trillion in tokenized assets last quarter. nobody filed anything. the bigger the fish the darker the water.

the SEC spent four years calling crypto a den of fraudsters and then in april 2026 the new chair got up at a washington dinner and announced an “innovation exemption” and talked about token taxonomy like he’d been a believer the whole time. the EU spent three years saying it wanted to protect consumers and then built a centralized surveillance agency with the power to fine you 10% of annual turnover and publish your name in an official document.

tether spent twelve years promising an audit and is still at $184 billion with a quarterly attestation from a mid-tier italian accounting firm that the report itself says covers a single point in time and cannot verify management’s notes. these are not policy mistakes. these are institutions telling you what they actually are.

and here is the part that should bother you. the SEC doing a 180 and AMLA building a transaction surveillance machine are not opposing forces. they are both entities that decided they get to set the terms.

the SEC decided crypto was bad and then decided crypto was fine and neither decision was yours to make. AMLA decided full financial transparency was safety and that decision wasn’t yours either.

tether decided opacity was acceptable and printed $184 billion on that assumption. every single one of these moves has the same shape. concentrated power deciding what the rules are for everyone else. monero is up 3.3% today while the EU writes guidance specifically to kill it.

that is not ironic. that is people making the only move that isn’t asking permission.

2026 is the year the mask came off. the institutions showed you what they are. the only question is what you build now that you know.​​​​​​​​​​​​​​​​

Researcher breaks 15-bit ECC key on publicly accessible quantum hardware in a 512x jump from the previous public demonstration.

NEW YORK, April 24, 2026 /PRNewswire/ -- Project Eleven today awarded the Q-Day Prize, a one Bitcoin bounty, to Giancarlo Lelli for breaking a 15-bit elliptic curve key on a publicly accessible quantum computer. The result is the largest public demonstration to date of the attack class that threatens Bitcoin, Ethereum, and over $2.5 trillion in ECC-secured digital assets.

https://www.prnewswire.com/news-releases/project-eleven-awards-1-btc-q-day-prize-for-largest-quantum-attack-on-elliptic-curve-cryptography-to-date-302752439.html

From bitgrail.org

20th April.2026 update:

Following the recent closure of the bankruptcy proceedings of the sole proprietorship Webcoin Solutions, Francesco Firano has formally regained ownership of 85% of the share capital of BG Services Srl.

In his capacity as liquidator of the company, he has ascertained the existence of residual assets deriving from the bankruptcy proceedings relating to BG Services Srl (formerly known as BitGrail Srl), amounting to approximately EUR 100,000, in addition to approximately 4.2 million NANO.

In recent days, the company, through its liquidator Francesco Firano, has submitted to the former creditors - already fully compensated the bankruptcy proceedings - through their respective legal counsel, a settlement proposal consisting of the waiver of any civil and criminal actions against Mr. Firano and the company, in exchange for the transfer of the aforementioned 4.2 million NANO, which would have been allocated to the former creditors and the Nano Team, currently acting as civil parties.

In the absence of such an agreement, which has already been rejected by the former creditors' legal counsel, BG Services Srl will, in the coming days, be compelled to proceed with the liquidation of a portion of the remaining 4.2 million NANO, in order to partially cover the substantial legal costs still to be incurred

summery:

BitGrail was a small Italian cryptocurrency exchange that shut down in early 2018 after approximately 17 million NANO was reported missing. Since then, the situation has remained the subject of long-running legal and bankruptcy proceedings, with continued efforts aimed at achieving clarity and maximizing potential recoveries for affected users.

In the latest update published on 20 April 2026, it was announced that, following the closure of the Webcoin Solutions bankruptcy, Francesco Firano has regained 85% ownership of BG Services Srl. The company stated that it still holds around €100,000 and approximately 4.2 million NANO in residual assets.

According to the notice, a settlement proposal was presented to former creditors and the Nano Foundation team, under which the 4.2 million NANO would be transferred in exchange for waiving further civil and criminal actions against Firano and the company. While that proposal was not accepted, the update confirms that significant assets still remain in place, keeping open the possibility of further developments as the legal process continues.

The U.S. Department of Justice just dropped a massive hammer on the transnational criminal networks running those "pig butchering" scams we all see in our DMs. In a coordinated strike, the DOJ’s "Scam Center Strike Force" has successfully restrained over $700 million in cryptocurrency and unsealed indictments against two Chinese nationals, Huang Xingshan and Jiang Wen Jie.

According to the reports, these guys weren't just running a website; they were operating a massive physical compound called "Shunda" in Myanmar. This place wasn’t just a hub for financial fraud, it was a site of horrific human rights abuses, including human trafficking and physical violence against the workers forced to carry out these scams.

Stay cautious. If an investment opportunity sounds too good to be true, or a stranger is "fattening you up" with friendly conversation before mentioning crypto, it’s a scam.

https://www.justice.gov/usao-dc/pr/scam-center-strike-force-takes-major-actions-against-southeast-asian-scam-centers

Over 100 crypto companies are pushing US senators to move faster on the CLARITY Act, which would set clearer rules for the industry. The bill is stuck in the Senate, with disagreements over things like stablecoins and DeFi. The concern is that delays could leave US firms behind regions that already have clearer regulation.

Feels like the industry has been asking for clear rules for years now, and it’s still stuck in the same place. Meanwhile other regions have already moved ahead with frameworks, so it’s not surprising companies are starting to push harder.

At the same time, it doesn’t look like a simple delay. You’ve got banks worried about deposits moving into stablecoins, and disagreements around DeFi and how far regulation should go. That probably explains why it’s dragging on. It feels less like a lack of interest and more like competing priorities that are hard to reconcile. Curious if people think this eventually passes, or just keeps getting pushed out.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

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Let me just walk through what we actually know. One company controls $184 billion in circulation, holds more US Treasuries than Germany or South Korea, owns 148 tons of physical gold, and has been promising a real audit since 2014.

Every single one of those promises collapsed. In 2021 the CFTC found that from 2016 to 2019, USDT was only fully backed 27.6% of the time. For 17.5 of 26 months, the stablecoin “pegged 1 to 1 to the dollar” was not actually backed 1 to 1 to the dollar.

In June 2017 there were 442 million tokens in circulation and never more than 61.5 million dollars in the bank. The New York AG separately found Tether secretly lent 850 million in reserves to Bitfinex to cover a hole, and called their full-backing claim “a lie.” This is not speculation. This is what regulators found and fined them for.

The current situation is that instead of an audit, Tether publishes quarterly “attestations” from BDO Italia. Attestations are not audits.

They are one-day snapshots of whatever Tether showed the accountant, with the reports themselves stating the engagement covers a single point in time and that management’s notes carried no assurance. In 2024 the CEO admitted the Big Four refused to work with them. His quote was essentially: why would a major firm risk their entire client book for a crypto company.

In March 2026 Tether finally announced they hired a Big Four firm for their first real audit in 12 years and then refused to name which firm. The entire stablecoin market runs on the assumption that this thing is solvent.

If it is not, the dollar peg breaks, and you get contagion across every exchange, every DeFi protocol, and every on-ramp that prices in USDT. That is not a tail risk. That is the load-bearing wall of crypto that nobody is allowed to inspect.​​​​​​​​​​​​​​​​

From what I can tell, it’s a new PoW chain that’s actually doing a couple things a little differently. Blocks are landing right around a minute pretty consistently, and instead of the usual slow difficulty adjustment, it tweaks every single block. So it kind of self-corrects constantly instead of drifting off and getting weird.

The interesting part is if the network stalls out for a bit, it basically drops difficulty way down for a moment so someone can find a block. Almost like a built-in “okay somebody win this one already” mechanic. Honestly seems to be working as intended.

I myself have even hit “lottery” blocks! Even when my cpu hashrate is a fraction of even of my mining mosh pit, I still have a fair shot a a full block reward.

There was no premine or big flashy launch. It just kind of… showed up. Which is either a good sign or a bad one depending on how you look at it lol.

Just trying to spread the good word all across the wasteland!

Curious if anyone else has run into it, or if I’m just wandering the wasteland alone on this one.

I'm curious to find out where people who work in crypto or who are searching for a role are looking for openings.

Recently, I've seen so many fake job posts from projects for engagement that it's awful. There are a few websites out there, but I'm looking to see if there are some other ways out there.

I'm aware that when the market is down, jobs shrink and even outside of crypto, the job market is dire.

Thanks so much in advance for any thoughts, tips, or personal experiences you might be willing to share. I really appreciate it and look forward to reading through all the responses!

Just pay attention to the female Bitcoin influencers/content creators. Right now you still have a lot of them making a bunch of bullish content. Once it dries up and they get flushed out, you will have a pretty reliable signal that that bottom is in/is getting very close.

It's like the crypto version of watching when your barber starts giving stock tips. late-cycle retail FOMO peaking, followed by silence in the trough. Once they go quiet, that's your signal the weak hands are exhausted and the bottom is in (or very close).

Huge congrats to everyone who bought, held, or just kept DCAing into BTC. The patience is finally paying off. Retail is officially short heavy right now, and every single time we see this setup, a parabolic bull run follows. It happens like clockwork.

This is extremely bullish. Like, incredibly bullish. If you're waiting for a better entry, just know BTC won't be under 80k for much longer. There hasn't been a single time where a bull market started with retail being majority long. They always try to short into the initial run and then end up buying back in during the bear market. We're about to see some major sustained upside because these shorts are just fuel for the move.

Once the squeeze starts, it's over for the bears. Don't overthink it, just watch the candles. This is the setup we've been waiting for and the move is going to be violent. Just keep stacking and ignore the noise. The floor is moving up whether people like it or not. This is exactly how the transfer of wealth happens every single cycle. Those who understand the macro will be rewarded while everyone else sits on the sidelines panicking. The path to 100k is wide open.

Did you know Binance has TikTok SDK and WeChat SDK embedded in their Android app?

I scanned the APK and found 13 third party SDKs running inside the app that handles your crypto and banking details.

TikTok SDK, WeChat SDK, Alibaba SDK, JPush (Chinese push service), Meta SDK, Adobe AdMob and more.

Meaning every time you open Binance, data is being sent to TikTok and WeChat in the background. On an app where you store crypto.

Full breakdown: appxpose.app/scans/binance

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
• Discussion topics must be related to cryptocurrency.
• Behave with civility and politeness. Do not use offensive, racist or homophobic language.
• Comments will be sorted by newest first.

Useful Links:

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• Intro to r/Cryptocurrency MOONs ????
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

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I'm not going to tell you if this is good or bad. Str(c) definitely seems likes a questionable practice, and possibly a lawsuit since Saylor publicly compares it to a moneymarket that earns 11.5%... ^{when it's actually a preferred stock that can't be redeemed for buy price and instead can only be sold to other willing buyers at market price...}

But... ignoring that glaring red flag. Saylor is making some insane bets on Bitcoin and somehow seems to never run out of dry powder.

In the six and a half months since the BTC ATH on 10/06/2026,

• Microstrategy has acquired 174,812 Bitcoin
• Paid an average price of $81,122 each
• Paid a total of $14,181,075,394 (~$14.2B)
• Obtained 21.4% of his current supply

Currently Microstrategy:

• owns 815,061 Bitcoin
• Owns ~3.9% of all possible Bitcoin.

Prior to the Crash MicroStrategy had 640,290 Bitcoin... and now they have 815,061 Bitcoin and are aiming to own 1M by the end of the year. (source)

Bitcoin purchase info sourced from strategy website

Strategy is either going to look incredibly smart in a few years or incredibly stupid if he ever gets forced to liquidate.

Every tier list thread here eventually devolves into tribal warfare reality is simpler.

If you're in the US and want simple fiat on/off ramps: Coinbase or Kraken, done.

If you're trading derivatives or alts outside the US and care about execution: Bybit or Bitmex, pick based on which UI you hate less.

If you just want to accumulate BTC and move it to cold storage: honestly any of them, you're not staying long enough for it to matter.

Stop asking which exchange is best ask what you're trying to do.

Say you have a partnership and you don't want either partner to have sole ability to withdraw from a wallet. You could have a 2 out of 3 signature but if it's you and two other people, those two could theoretically conspire against you and steal the crypto. So, back to a 2-signature wallet. Is there a concern for... what happens if one partner becomes incapacitated? If s/he dies, I guess you could send a death certificate and probate documents and somebody else could do the signature for the deceased? But what about incapacitation? Just say one becomes disabled or very ill and unable to really function? Has anyone solved this?

I have been noticing something interesting lately. Traffic coming from crypto-related content feels very different compared to general niches. Even when the numbers are not that high, the behavior seems more engaged. But at the same time, it is not always clear if that translates into better revenue or just more interaction.I am curious if anyone has seen a real difference when traffic is coming from crypto topics versus normal blogs or social content.

Does it actually pay better, or is it just hype around the audience.

So the OCC conditionally approved Coinbase to operate as a national trust company this month and the responses have been basically split between “this is great for institutional adoption” and “this is the company that got sued by the SEC two years ago becoming a federally chartered financial institution” which are both true at the same time and that tension is interesting. The thing to understand about a national trust charter is it’s not a full bank, Coinbase can’t take deposits or make loans…

but it does make them a federally regulated custodian which means the 80% of global digital asset ETFs they already custody would now sit inside a framework that conservative asset managers, pension funds and insurance companies can actually engage with without their compliance teams having a panic attack. That’s not nothing. That’s actually a lot.

The part that gets a little philosophically weird if you think about it too hard is that Coinbase’s entire value proposition for the last decade has been “we are the bridge between crypto and the traditional financial system” and getting an OCC trust charter is sort of the completion of that arc in a way that makes you wonder what comes next. Like the bridge has now become part of the building it was connecting to.

BitGo, Circle, Fidelity Digital Assets, Ripple and Paxos all got similar conditional approvals around the same time which means the largest custodians and stablecoin issuers in the space are all becoming federally regulated entities simultaneously while the CLARITY Act stablecoin yield fight is still unresolved and Coinbase is publicly opposing the latest draft language.

So we have a situation where Coinbase is becoming a bank while actively lobbying against the rules governing what banks can do with stablecoins. “Extremely normal regulatory environment.​​​​​​​​​​​​“

I’ve been thinking about the best way to set my kids up for the future, and honestly, a traditional savings account feels like it's going nowhere with current interest rates. I’m considering opening a separate wallet for them and throwing in a set amount every month, mostly BTC and ETH, maybe some SOL, and just letting it sit there until they turn 18. It feels like a better "long-term play" than a piggy bank, but I'm also worried about the volatility when they actually need the money.

Has anyone here actually done this? I’m curious if you guys use a cold wallet and hide it away, or if you’ve set up some kind of custodial account. Also, how do you handle the conversation with them once they’re old enough to realize they have a "portfolio"? I’d love to hear some success stories or even "don’t do what I did" warnings before I commit to this.

Recently read both Google and Binance papers about quantum computers effect on blockchains. Definitely sounds like something we should be taking seriously. The Google paper cites some projects that are either already quantum-safe or actively working on it. Anyone know of solid post-quantum cryptography projects worth investing in? With quantum computing advancing fast, I want to hedge my portfolio with something built to survive that shift. I’ve seen a few names floating around but curious what the community thinks. Are there any projects that actually have strong fundamentals around?

Your thoughts the only real crypto is Bitcoin and has no evidence of it being a scam at all.

Seems that there are still 100s of new "projects" coming into the crypto space everyday. Almost all are just scams etc.

Seems all the crypto besides BTC has something shady behind it. Even for ETH has some shady happenings as well.

NFT's are done, etc

So far BTC still exists

Gold is wealth, which is very valuable and have trust on, that is what makes it acceptable.
From 2009 when Bitcoin was launched, it's still as new as it was launched today, because of it value to the society. Although the Price is volatile, but is preferable. that's why it' only exists disitally, this made people to trust and partner without fear, transactions can be made in an twinkle of an eye, to any place around the world. Gold as well is generally accepted globally.

What are your thoughts? BTC only real Crypto still?

why or why not?

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So Arbitrum just froze ~$71M worth of ETH in response to a hack.

On the surface, I get it, nobody likes hackers walking away with stolen funds. But this raises a much bigger issue that people here shouldn’t ignore.

Zoom out for a second. Crypto didn’t emerge in a vacuum. Bitcoin was born right after the 2008 financial crisis, when banks took reckless risks, blew up the system, and then got bailed out while ordinary people paid the price. The entire ethos was to build a system where no centralized authority could step in, rewrite the rules, or selectively intervene.

“Trust the code, not institutions.”

That was the point.

Now fast forward to today. If a blockchain (or the entities controlling it) has the ability to freeze funds, then we’ve quietly reintroduced the exact kind of discretionary power crypto was meant to remove.

Today it’s:
“we froze funds from a hacker”

Tomorrow it could be:
“we froze funds because a government agency requested it”
“we froze funds due to regulatory pressure”
“we froze funds tied to an address flagged by some opaque process”

That’s not censorship resistance. That’s conditional permission.

This isn’t just an Arbitrum issue, it’s a broader problem across many Ethereum L2s. When you dig into how a lot of these systems are actually run, you often find multisigs, upgrade keys, or centralized sequencers that can intervene in “exceptional circumstances.”

But “exceptional” is doing a lot of work there.

If a small group can pause the system or freeze funds, then functionally:

• You are trusting them not to abuse that power
• You are trusting them to resist external pressure
• You are trusting governance structures you don’t control

That starts to look a lot like the same trust model that failed in 2008.. just wrapped in new technology.

This isn’t about defending hackers. It’s about consistency of principles.

Either:

1. Transactions are immutable and unstoppable or
2. Someone, somewhere, has a kill switch

And if that switch exists, history suggests it won’t stay limited to edge cases.

So what are we actually building here?

• A permissionless system resistant to bailouts, censorship, and intervention? or
• A faster, more efficient version of the same system that collapsed in 2008?

L2's need to die, this industry needs a cleansing because we have lost our way big time. We have forgotten why we're here in the first place, these L2's are simply ways for VC's and developers to extract from retail. They have become the bank.

I'm writing this simply because I'm happy that I didn't lose my money at least not this time, I think a lot of people know that feeling of euphoria

Had a chunk of savings sitting on Bybit when the news hit last February, not life-ruining money but enough that I was refreshing Twitter at 3am trying to figure out if I was about to become another statistic. Spent about 48 hours in that weird numb state you get when something big might be happening and you can't do anything about it.

My first instinct was pull everything immediately, so I logged in expecting either a frozen withdrawal screen or that classic temporarily under maintenance banner or smthng like that. Withdrawals worked I moved a small amount out as a test, it hit my wallet in the usual time and I remember sitting there kind of confused because that wasn't how any of this was supposed to go based on every crypto horror story I'd read.

Then the CEO went live, not a press release, not a tweet thread, a literal stream where he's laying out what happened and what they're doing about it. I stayed up watching because what else was I gonna do. He said user funds were covered, withdrawals would stay open and gave actual numbers on the backing. I'll be real, I didn't fully believe it in the moment. Too many "your funds are safu" moments in this industry that aged badly.

But over the next few days everything he said held up. The proof of reserves got updated. The post-mortem came out with real technical detail, not marketing fluff. Nobody lost money. The platform kept running through the whole thing which still genuinely surprises me looking back.

A year later my takeaway isn't Bybit is great. It's more like now I know what a decent response to a disaster actually looks like cause I lived through it and that's a rarer thing than it should be in this space.

But next time, I’ll also be in a hurry to transfer the funds I don’t think it can go like this every time

Tempo announced the integration of ”stablecoin-powered payment infrastructure” with DoorDash, Stripe, Paradigm, Coastal Bank and ARQ.

DoorDash plans to offer its users, “dashers” and merchants the option to use stablecoins in their transactions with the food delivery app, according to the Tempo blockchain.

In a Tuesday notice, Tempo said that together with DoorDash, it was “building stablecoin-powered payment infrastructure” in a move for its delivery drivers, also known as “dashers,” merchants, and users to settle transactions using digital currency. The blockchain cited payout speed, lower cross-border cost and transaction flexibility in its reasons for the integration, expected to apply to users in more than 40 countries. 

“If we can get merchants and Dashers their money faster, and do that in a way that's affordable for them, that's a no-brainer for the entire ecosystem,” said DoorDash co-founder Andy Wang.

Read more

Circle’s Jeremy Allaire gave an interview this week where he described a yuan-backed stablecoin as a “tremendous opportunity” and said currency competition is now basically a technology competition.

Whichever country can make their money the most frictionless to use globally wins.

Which is a fascinating thing to say out loud in Hong Kong in April 2026 when you run the company that issues the dollar stablecoin and you’re essentially describing the competitive threat to your own product.

The total stablecoin market is already worth 315 billion dollars with dollar-pegged tokens making up the bulk of it, so the dollar is winning the current round. But Allaire is basically telling you the next round is already being planned.

The actual obstacle is not technology. It is that a true yuan stablecoin would require Beijing to make the currency fully convertible.

That means China’s decision will hinge more on capital-control policy than on technology.

China has spent forty years building capital controls specifically to prevent money from leaving freely, and a yuan stablecoin is kind of the opposite of that. So the timeline is really a political question, not a technical one. But here is what is interesting and what nobody seems to be saying clearly: if the next decade is a dollar versus yuan stablecoin competition playing out on public blockchains, the thing that actually matters is not which stablecoin wins.

It is which payment infrastructure routes both of them. The rails underneath the stablecoin war are worth more than the stablecoins themselves, and right now nobody has really built neutral, chain-agnostic routing infrastructure that does not pick a side. That is the actual gap in this market, and it is enormous.

If you bought BTC early enough that selling could mean a hefty tax bill and right now, selling also means locking in a 40% drawdown from ATH (at the time of writing this) you already know the appeal of borrowing against it instead.

The question most holders don't fully think through is where that collateral actually lives and who they're trusting with it.

The question is: Where do you take a Bitcoin collateralized loan safely?

There are three options: DeFi, CeFi, and a private bank. Most people in crypto know the first two exist and never hear about the third. It doesn't advertise, it doesn't have a landing page with a rate calculator, and you can't sign up through an app. That's not an accident.

What happened on Saturday?

An attacker minted 116,500 rsETH from thin air. Deposited on Aave. Borrows $196M of real ETH. Walks away. Aave's smart contracts worked perfectly the entire time.

That's the 30-second version of what happened on Saturday. Aave is now carrying an estimated $177–200M in bad debt, the WETH pool hit 100% utilization, $5.4B in deposits tried to exit, and AAVE is down 17% for the week.

Aave didn't get hacked. Aave got fed poison and ate it exactly the way it was designed to.

Aave / Compound (DeFi)

First thing worth saying: there is no real BTC on Aave or Compound Finance. As I’m sure you know, Bitcoin doesn't run on Ethereum. What you're actually posting as collateral is WBTC or cbBTC: IOUs issued by a centralized custodian who claims to hold 1 BTC in reserve for every token minted. WBTC's reserves sit with BitGo (and after the 2024 Justin Sun / BiT Global restructure, the custody arrangement is more complicated than most users realize). cbBTC is an IOU from Coinbase.

So before you even get to the smart contract, you're trusting a second institution you didn't sign up for: the wrapper issuer. If BitGo mis-manages reserves, if Coinbase freezes redemptions, if the wrapper depegs for any reason, your "BTC collateral" on Aave is suddenly worth whatever the market decides an unbacked IOU is worth. Which, as rsETH holders discovered on Saturday, can be a lot less very quickly.

Then on top of that you have Aave itself. Your wrapped-BTC-IOU sits in a smart contract. The contract is the custodian. Rates are variable and utilization-driven they can spike past 20% during exactly the kind of stress event you'd want to borrow through. LTVs are generous (70–80%) because the protocol can liquidate you in seconds.

If you're "borrowing against your Bitcoin" on Aave, you're not. You're borrowing against an IOU for your Bitcoin, posted inside a contract you don't control, priced by an oracle you don't audit, pooled with collateral you didn't choose.

Nexo (CeFi)

Your BTC sits in Nexo's omnibus accounts. You are, functionally, an unsecured creditor of Nexo. Rates run from 2.9% APR (Platinum tier, requires holding 10%+ of your portfolio in NEXO token, low LTV) up to 18.9% at base tier. LTV up to 50% on BTC.

What you're trusting: Nexo is solvent, their loan book is healthy, their internal risk management holds. They don't publish granular loan-book data or real-time attestations.

That last sentence should trigger flashbacks. The CeFi crypto lending track record from the last cycle is one of the worst in modern financial history:

• Celsius - $4.7B FTC settlement, founder Alex Mashinsky convicted of fraud in 2024, sentenced to 12 years. Retail depositors lost billions.
• BlockFi - bankrupt, $100M SEC penalty, lending product shut down, customers spent years in bankruptcy proceedings to recover fractions of their deposits.
• Genesis - bankrupt, parent company DCG still in active civil fraud litigation with the NYAG. Barry Silbert's name is in court filings, not headlines about industry leadership.
• Voyager - bankrupt, customers locked out for over a year, partial recovery only.
• Gemini Earn - frozen alongside Genesis's collapse, $1.1B in customer funds locked, settled for $1.1B with the NYAG.

Nexo itself paid $45M to settle SEC and state charges in 2023 and withdrew its Earn product from the US. They've survived. That's different from being safe.

The pattern across every one of these failures was identical: customers thought they were "earning yield on their Bitcoin" or "borrowing against their crypto." What they actually had was an unsecured IOU from a lightly-regulated firm that was rehypothecating their collateral behind the scenes. When the music stopped, they were creditors in a bankruptcy proceeding, not Bitcoin holders.

If the phrase "unsecured creditor of a centralized crypto lender" isn't triggering pattern recognition yet, re-read the list above.

Swiss private bank Bitcoin backed Lombard Loans

The BTC held in custody at the bank itself. Not a third-party custodian, not an SPV wrapper, not a pooled omnibus at a crypto-native sub-custodian. The same balance sheet lending you fiat is holding your BTC. The bank I'm referencing is FINMA-regulated and has been in business since the early 1930s.

You don't need to be Swiss or a Swiss resident. Private banks in Switzerland onboard international clients as their primary business. Residency is irrelevant (excluding sanctioned jurisdictions of course).

You can borrow in CHF, USD, or EUR. CHF is the cheapest, the Swiss National Bank policy rate is currently 0%, so CHF base rates sit well below USD and EUR.

Terms on their Bitcoin-backed Lombard Loans:

• LTV: 6-20% on BTC.
• Interest Rate on the loan: Base interest rate of the currency with a maximum margin of 8%.
• Custody: segregated, visible on-chain and in your bank account, on the bank's books, protected under Swiss banking law.
• Liquidation: human process. Margin call first, conversation second, forced sale as last resort. No liquidation bot, no oracle, no "sorry the gas spiked and we couldn't reach you."

Why the pricing looks like this?

A well-funded borrower on Aave at 50% LTV in calm markets pays less than 10%. The question is what you're buying with the extra fees and lower TVL.

On Aave: protocol risk, oracle risk, collateral-asset contagion risk, and as this weekend demonstrated the risk that when something goes wrong, utilization locks and you can't exit.

On Nexo: counterparty risk to a centralized lender with limited disclosure, plus concentration in their own token to get the advertised rate.

At a Swiss private bank: you're paying a margin for a regulated custodian with a 90+ year balance sheet, a facility sized for wealth preservation rather than capital efficiency, and a custody setup where the institution holding your BTC is the institution lending against it.

Who this is actually for?

Not most people in this sub. Minimums are high: 7-figures+ in assets is where this conversation starts. Onboarding is the hard part, not the credit line itself. Source of Wealth, Source of Funds, and blockchain forensics on anything with DeFi history, mining history, or pre-2017 activity are where most crypto holders get rejected when they walk into or reach out to a Swiss private bank on their own. These relationships are built through introductions. You don't apply directly to these banks. Someone vouches for you.

If you're borrowing $20k to cover a short-term expense, Aave and Nexo are fine. If you're an early holder sitting on eight or nine figures of BTC the private bank Lombard loan is a structurally different product with a lot less risk.

I was eyeballing mid 50s on btc for the retracement and $1400ish for eth. I've been in the space for 10 years plus and even though there's institutional money now I still see the cycle following roughly the same timeline. I think currently the geo political climate is propping up the price of cryptos across the board a bit but if/when everything settles down with Iran and the BS domestically we will see a huge drop in price. I'm currently holding short positions on both and am up a few money but not as much as I expected. Still a form believer in the cycle but not sure where it will bottom out. What are your thoughts?

Elon Musk helped write the law governing his own payment app, dismantled the regulator that would police it, and is now launching a stablecoin. Senator Warren has some questions.

So X Money is apparently launching this month and Elizabeth Warren sent a letter to Elon Musk this week that reads like someone who has been watching a very slow motion car crash and finally decided to write it down.

The key details are genuinely remarkable when you put them in the same sentence. Musk was a senior adviser to the president while the GENIUS Act was being written.

The GENIUS Act contains a specific carveout allowing private companies like X to issue stablecoins without the guardrails that apply to similarly situated public companies. The CFPB, which would normally have jurisdiction over a payments product like X Money, was effectively dismantled by Musk working with the acting director Vought ( Isn’t that the name of the company from The Boys??) around the same time.

X Money is now launching with a potential stablecoin, a rumored 6% APY on deposits, no FDIC insurance, and a banking partner that has had enforcement actions from the FDIC twice in the last eight years.

Warren wants answers by today.

The thing that’s actually interesting about this beyond the obvious conflict of interest stuff is that the entire problem Warren is describing is a problem of who controls the rules. When one person can simultaneously shape the legislation, remove the enforcement mechanism, and then launch the product the legislation was supposed to govern, you have a system where the rules exist entirely at the discretion of the entity being regulated.

Which is a solved problem architecturally. Like it’s genuinely funny that we keep building payment infrastructure this way when the technology to make the protocol enforce the rules instead of the company exists and works. If only there was a way to do that. Wild that nobody has thought of it/s

As of April 22nd, 7:30 AM KST, the two-week pause on Iran operations announced by President Trump has reached its critical deadline. While the initial deadline was interpreted with a slight extension to secure more negotiation time, the tension remains at an all-time high regarding the immediate reopening of the Strait of Hormuz.

The situation is becoming increasingly complex with conflicting reports regarding Vice President Vance’s movements and the "strategic ambiguity" being employed by the U.S. administration to gain leverage. While the U.S. has hinted at potential reconstruction support for Iran upon reaching an agreement, Iran maintains a firm stance that no negotiations will take place under direct military threat.

The uncertainty in the Strait of Hormuz continues to be a major factor for global market volatility. How are you all hedging your portfolios against this geopolitical uncertainty? I'm personally looking into automated strategies that can navigate this level of market fluctuation.

So the Kelp DAO situation is genuinely one of the more clarifying moments crypto has had in a while and not in a good way.

The short version is that an attacker tricked a bridge into thinking a legitimate cross-chain instruction had arrived, drained 116,500 rsETH, immediately deposited it into Aave as collateral, borrowed $196 million in real ETH against it, and walked away while Aave’s liquidity pool hit 100% utilization meaning people who had deposited actual ETH couldn’t withdraw it.

Total DeFi TVL dropped $13 billion in two days. LayerZero and Kelp are now in a public fight about whose fault it was, which is a completely normal thing for the two parties involved in a $292 million state-sponsored heist to be doing.

The part that should bother people more than the number is what the attack actually required.

Kelp’s bridge had a 1-of-1 verifier configuration meaning exactly one entity had to sign off on any cross-chain message for the bridge to act on it. One. There was no second check. No redundancy. North Korea found the one thing that had to go wrong and made it go wrong and now $13 billion in DeFi TVL is gone and Aave has $196 million in bad debt sitting on its books from collateral that was never real.

The thesis that DeFi is trustless has always quietly depended on the infrastructure underneath it actually being trustworthy and Lazarus Group just finished reading the fine print.​​​​​​​​​​​​​​​​

Github APK (Android): https://github.com/VerusCoin/Verus-Mobile/releases/tag/v1.1.0-1

TestFlight Link (iOS): https://testflight.apple.com/join/A6e5WS35 (This link may take a few hours to display 1.0.1-1, if it says it isn't accepting new testers, try again soon)

This release is a large wallet capability update, and the result of about 2 calendar years of work by a number of developers, both volunteers and with bounties supported by donations, to allow Verus Mobile to support the Verus DREAM (Decentralised, Rights-preserving Encryption Application Model). The biggest changes are a rework of Z-transaction support, refactoring and upgrading it on the back-end and adding shielded transaction support for Android, the new compact, much more capable DREAM deeplink, QR code, and NFC format, and support for identity update, and data encryption requests. Updated Z-address support As part of the complete rework/upgrade of z-transaction/encryption/decryption support, Android now supports shielded Verus addresses and private Z transactions through the native lightwallet stack. This brings Android to feature parity with iOS for private wallet operations. What this means in practice:

* All users can now set up a Z seed from Settings > Profile. If your current wallet seed is a valid 24-word mnemonic, the app can offer to reuse it as the Z seed. You can also import an existing 24-word Z seed or an extended spending key.

* All wallets can now derive Sapling/Z addresses, track shielded balances, show shielded sync progress, and list private transactions.

* Z memos are supported when sending to private/Z recipients. The memo field appears in the send form when the destination is a private address.

* The app blocks sending while a shielded wallet is still syncing, because private balance data is only reliable after sync completes. First sync can take a while.

* Private funds need confirmations before they are spendable. The UI now explains this when a private balance is pending or not yet spendable.

1. New GenericRequest deeplinks The app now supports the new compact GenericRequest deeplink format. These are the new verus:// links, such as: verus://1/<compact request payload> The GenericRequest is a unified request envelope. Instead of every feature inventing its own QR/deeplink format, apps can package one or more request details into a single signed request. Verus Mobile can parse the envelope, verify who signed it, validate each request detail, show the correct UI, build a response, sign that response, and return it to the requesting app or service. This is a newly defined, extendable protocol that enabled the development of Verus DREAM applications by creating a package for any type of wallet request (present or future), including identity updates, app encryption requests, user data requests, login requests, VerusPay invoices, or even a combination of multiple different request types at once. Supported request details in this release include:

* VerusPay v4 invoice details, adding support for private addresses to VerusPay, and greatly reducing the size of a VerusPay request to allow for easier-read QR codes or more data

* AuthenticationRequest, the new compact login/authentication request, also greatly reduced in size, with added support for encrypted responses

* IdentityUpdateRequest, a new request type that allows for deep links or QR codes to prompt the user to add encrypted data to their ID, or update their VerusID details

* AppEncryptionRequest, a new request type that allows for the creation of an zero knowledge encrypted channel between an app and the user's wallet

* DataPacketRequest and UserDataRequest primitives exist in the libraries and are upcoming, but are not fully exposed in the app UI yet

1. Important behavior:

* Legacy x-callback-url VerusPay and login deeplinks are still supported.

* New verus:// links are shorter and more flexible.

* Experimental request types, including identity update and app encryption, are controlled by the "Enable experimental deeplinks" setting.

1. This release turns Verus Mobile into a general request handler for Verus identity, payments, encryption, and future app-to-wallet workflows. IdentityUpdateRequest support GenericRequest can now carry identity update requests. Verus Mobile validates the request, loads the target identity, compares the proposed update against the current identity, and presents a guided review flow. The identity update UI is split into clearer steps:

* Review who requested the update and which identity would be changed.

* See a summary of content changes and high-risk changes.

* Inspect identity content changes in a dedicated content step.

* Review authority, recovery, revocation, and other sensitive changes separately.

* Confirm payment and submit the update transaction when approved.

* See and copy the resulting identity update transaction ID after completion.

1. There is also special handling for credential data. If an identity update includes vrsc::identity.credential content, the app encrypts credential data locally before creating the transaction. The plaintext credential data is not sent to the RPC server. This requires the user's Z seed to match the private address on the identity. AppEncryptionRequest support This release adds the first mobile flow for AppEncryptionRequest inside GenericRequest. An AppEncryptionRequest lets another app ask Verus Mobile to derive Verus encryption key material from the user's identity and Z seed, after user approval. The wallet can return viewing-key/address information, and optionally an extended spending key if the request asks for it and the user approves. The app shows:

* The requesting identity

* The signing system

* Signature time when available

* Derivation number

* Derivation identity or request identity when present

* Whether an encrypted response address is requested

* Whether the request asks for secret key material

1. Responses are added to the GenericResponse and then signed by the user's selected identity. If the request includes an encryption response address, the response detail can be encrypted into a DataDescriptor before it is returned. This feature depends on the user's Z seed because the derivation uses Sapling key material. If no Z seed is configured, the app explains that setup is required. Deeplink reliability and UI polish There are also a number of smaller fixes and UI changes in this release:

* Fixed an iOS issue where deeplinks could fail to trigger if the app was already open.

* Reworked VerusPay information pages.

* Reworked login/authentication request pages.

* Added clearer request signer cards, chain labels, timestamps, and technical detail sections.

* Added UI for opening compatible requests in another installed Verus handler app.

* Added settings for experimental GenericRequest request types.

* Improved Z-wallet sync messaging and send blocking while shielded data is still syncing.

For developers and services If you are building an app or service that talks to Verus Mobile, GenericRequest is the new preferred format. Use verus://1/<payload> for the new compact request deeplinks. The request can include one or more detail objects, response URIs, signer metadata, a preferred handler, and a signed envelope. Verus Mobile will validate the envelope and route each supported detail to the right user flow. The verusid-ts-client library supports the creation of these requests and older request styles are marked as deprecated. Legacy VerusPay and legacy login consent deeplinks still work, but the new GenericRequest format is where new functionality will land. This release is an important step toward the realization of the Verus DREAM, enabling the creation of decentralized applications that preserve user rights, scale to the world, and aren't subject to value extraction. To learn more about the Verus DREAM model, you can watch u/miketout's presentation at Paris Blockchain Week last week at https://www.youtube.com/watch?v=8alMlLVcZuU. More resources to come. Happy testing :) Once we get enough testing on this release, and the remaining expected DREAM request types are pulled into the app, an App Store/Play Store release with the new request types is imminent.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
• Discussion topics must be related to cryptocurrency.
• Behave with civility and politeness. Do not use offensive, racist or homophobic language.
• Comments will be sorted by newest first.

Useful Links:

• Beginner Resources
• Intro to r/Cryptocurrency MOONs ????
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Finding Other Discussion Threads

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I (20M) am a computer science student. And I want to get into crypto because it's so interesting and also because of it's potential to turn into a profitable side hustle. I took a blockchain course in uni so I know how it works technically but what I want guidance on is the actual practical things I need to know to get started in the crypto market and maybe make it profitable one day. Also do you think it's a good or bad idea to even try making profit from crypto? Some people say it's just gambling with extra steps so is that true? Will I be better off just learning about normal stocks? Thank you!

My bare metal server where I stored some of my private keys was compromised somehow last night, and I got about a 100k€ siphoned. Weirdly enough it happened right after an agent helped scanning my repos for possibly exposed private keys in bundles…

Anyway.

I saw everything on chain, and have all the addresses and transaction IDs that were at play during the attack. What’s the best course of action to get this 1% chance to get my money back?

I’m in France by the way if that helps. I’m willing to pay somebody that has a track record of recovering funds from this kind of hack.

Thanks in advance.

I've been in crypto long enough to remember when anonymity was a big part of the appeal. It was all about privacy, decentralized finance, and escaping traditional systems. But now, it feels like that part of the vision is fading away. We have KYC requirements on almost every platform, transactions that are more traceable than ever, and a constant push towards regulation.

What happened to the "anonymous" part of crypto? Are there any real "safe havens" left for private use, or has the ship sailed? Feels like the dream of privacy is slowly being sold off for mainstream adoption.

I’m currently holding a few bags from much higher entries and I’m looking for some honest perspective on whether these projects still have a future or if I should just rotate into newer narratives.

My Positions:

• DOT: Entry $4.50 | Current ~$1.26

• FIL: Entry $5.00 | Current ~$0.98

• AEVO: Entry $0.22 | Current ~$0.025

• AXS: Entry $5 | Current $1.10

I’m concerned that with so many new coins entering the market, older projects like DOT and FIL might never see their previous levels again. Specifically for DOT and AEVO, do you think it’s even possible to break $2+ anytime soon, or has the tech been overshadowed by newer L2s?

Should I keep holding these through the cycle, or is it better to salvage what’s left and move into high-conviction plays? People who aren't just "shilling" what’s your take on the utility vs. price action for these four?

I’m seriously considering relocating if it means I can get full access to Binance perps again. It’s surprisingly hard to find clear, up-to-date info on which countries actually allow unrestricted futures access, and whether that access is stable long term or can be revoked. From what I can tell, it’s more about jurisdiction than skill or account size. Has anyone here actually done this successfully and, if so, where did you relocate to? I’m currently trading on Bitget and it’s decent, but the liquidity, depth and execution just don’t compare to Binance, especially for tighter, system-based entries.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
• Discussion topics must be related to cryptocurrency.
• Behave with civility and politeness. Do not use offensive, racist or homophobic language.
• Comments will be sorted by newest first.

Useful Links:

• Beginner Resources
• Intro to r/Cryptocurrency MOONs ????
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Finding Other Discussion Threads

Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.

• u/CryptoDaily- — Posts the Daily Crypto Discussion threads.
• u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads.
• u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads.
• u/CryptoNewsUpdates — Posts the Monthly News Summary threads.

Anyone got any experience with blockbar NFTs?

First of all I’m a total newb when it comes to NFT and crypto etc so please bear with me.

In 2022 I was gifted a blockbar NFT of a special edition whiskey, through my job. I have no interest in whiskey but I thought it was a kind gesture none the less.

At the time I logged into blockbar and jumped through the hoops to claim it… so it’s definitely mine. But as far as I’m aware… they hold it or something?!

I then totally forgot about it.

Until this week.

I’ve logged back in and seen that the same as my one sold for a few hundred dollars in the last couple of years.

So my questions are, is it worth holding onto? should I sell the NFT? If so… is that going to be complicated? Am I going to need to get a crypto wallet or something? Or should I claim my limited edition bottle of whiskey instead? (I think they destroy the NFT once you claim the bottle). If I do claim the bottle will there be any issues with import taxes etc as I’m in the UK? and then how do I sell the whisky Itself.

All thoughts and advice appreciated!

Thanks in advance.

Its been almost a year past and I was part of the shitty end of the rug pull HEMI Started with 1000 dollars and ended with 18 bucks. Worse than that Luna crash, Now watching RAVE in the news last week brought back memories of all the hype the growing wave then over night in the darkness of sleep so many people lost a few hundred to thousands as 3 wallets skipping away with everyones money. True ponzi scamming feels like. If you are a creator you should be locked for years on how much you pull out and run away with. Should be some rules right? Would think you would see this happening all the time but you don't just try crooks. What you all think?

MetaMask advertises 0.875% fee but in reality it's more like 3-4%. I bridged ETH to Base on a 5-figure swap and lost 3% for no reason. No warning, no breakdown, just less money in my wallet.

I checked the transaction on Etherscan. The quote showed one amount, the execution took another. That's not slippage that's theft.

Is this really the state of DeFi in 2026? How is this acceptable?

Has anyone else been screwed by MetaMask swaps? What are you using instead? Need something that doesn't rob me every time. I'm about to just go back to CEXs if this keeps up.

Stablecoins are the sweetest, most lucrative business in all of crypto. No surprise the Clarity Act got stuck in Congress—it all came down to stablecoins.

Tether pulls in $12 billion in revenue and pockets $10 billion in profit every year. It's now among the top 18 holders of US government debt—country‑level. And the company already has its own person inside the White House. Yet out in the real market, corporations are increasingly choosing USDC. According to analysts at the crypto gateway Cryptomus, USDC transaction volume hit $2.55 trillion in Q1 2026, while USDT only managed $1.49 trillion. Circle's token now holds over 80% of regulated B2B settlements.

Sure, Tether's market cap is still more than double Circle's, but the corporate sector's potential is enormous. And USDC has already carved out a spot in the payment systems of nearly every public fintech giant—Stripe, Visa, Worldpay, you name it.

That's why the Drift protocol hack was a real April Fools' gift for Tether. The largest DEX on Solana got drained of $230 million—and North Korean hackers quietly walked away with it, all through USDC. Later, Circle tried to defend itself, saying it only blocks its stablecoins by court order. But as Bloomberg analyst James Seyffart put it: if you're running a centralized protocol, you freeze stolen funds. Period.

Tether is chipping in a large sum to help reimburse Drift traders—and it's not just throwing money away. USDC used to hold an 80% share on Solana. Now it's down to 55%. Though, weirdly enough, Circle's overall market cap started climbing right after April 1—after having been falling. Is North Korea going to surprise us with more hacks? Funny thing is, Tether's supply jumped 3% in just ten days.

Hey folks — I played with staking for first time and not sure I got it right

I staked some ETH through Ledger Live, then unstaked about 11 days ago. The tx shows “success” on Etherscan, but since then:

- no ETH back in my wallet
- no lcETH or any token showing up
- Ledger Live just shows the original tx, nothing else
- Etherscan doesn’t show any incoming ETH either

I thought this stuff usually wraps up in a few days, but it’s been nearly 2 weeks now and I’ve got nothing to show for it.

Is this still normal?

Tx: https://etherscan.io/tx/0x9c2883f7e774b1690ced6c3000c5146f52546d9019b977b54738e9493a4b1c2f
Wallet: https://etherscan.io/address/0xBb088BD741Ed2C9abC9f591cc8cFE9d30F6dF641

Any help appreciated — just trying not to freak out if this is normal

Hi everyone! I recently started a new job and I’m planning to set aside some of my income to learn and eventually get into trading. The thing is, I’m starting completely from scratch—I don’t have any background or prior knowledge about how trading works, whether it’s stocks, crypto, or other markets.

I’m really looking for solid, in-depth guides, beginner-friendly tutorials, or even structured learning paths that can help me build a strong foundation. I’d prefer resources that explain not just the “how,” but also the “why,” including risk management, strategies, and common mistakes to avoid.

If you’ve been in a similar position before or have resources (courses, books, YouTube channels, or even personal advice) that helped you when you were starting out, I’d really appreciate your recommendations. Thanks in advance!

This is a wild one. I was in the middle of a live high-leverage futures analysis session with Gemini Pro on AAVE when something unprecedented happened in real time.

Full Gemini chat here

The Setup

AAVE had just printed a violent, unexpected 7–9% red candle. Nothing in the news, reddit or elsewhere. No obvious catalyst. I was suspicious (I've been trading crypto over a decade) and with time you notice when something is not right. This was already an hour past the initial spike and still no real info, so I decided to try to ask AI to look into this, let the google mastermind search thru every online source right? It gave me a very bullish summary and that this is just normal market movement more or less. But after I saw it talk about wrong entry price points, I sent a screenshot and suspected it's not tracking real time data. Still, gemini sticked to his guns that there's nothing fishy going on, even with me questioning every single thing it literally said this:

The "Insider Info" Suspicion. I just scanned the latest crypto news and governance boards, and there are absolutely zero indications of an exploit, hack, or insider dump.

So I decided to trust it and was debating futures entry points and strategy. Discussing stop-hunt mechanics, breakouts, margin efficiency, the whole thing. This was actually the first time I was using AI seriously to discuss futures trading, it was kind of fun.

The Plot Twist

Mid-conversation, Gemini suddenly goes into "EMERGENCY CORRECTION" mode and tells me to stop everything. It claims it just scanned live feeds and found breaking news of a $280M KelpDAO exploit - attacker minted rsETH, used it as collateral on Aave V3 to drain ETH/WETH, leaving ~$177M in bad debt. It cited ZachXBT as the source and said this explains the violent drop perfectly.

My gut reaction: this is insane and suspicious. It's been almost 2 hours since the initial red candle too. I checked ZachXBT's Twitter. Nothing. I Googled "aave news" "aave hack" I sorted by latest. Nothing on any outlet. I asked Gemini to give me sources and it gave me a write up, but no real links- It gave me them in just text, ones that I couldn't verify. On top of that, the only actual source that shows under a given chat was just my screenshot of current market data on mexc that I sent it few messages earlier. I had to question it again.

The "Hallucination" Apology

Gemini folded immediately. Full apology. Called itself out for a "massive AI hallucination." Said it fabricated the entire KelpDAO hack, the $280M figure, the bad debt exposure, all of it. It walked everything back and returned to the original bullish thesis. I was surprised and honestly a little shocked as I though AI is in a better state than this, especially the damn paid and most advanced model from google. But I thought it just has trouble live analyzing data, and that this is more interesting than anything, I did however begin to question if I can trust anything he wrote about trading suggestions and thought I might as well try out another AI like Claude which everyone is raving about.. and just after saying that..

The Reversal of the Reversal

Gemini reversed again. It said it had done one last hard scan and confirmed: the exploit was real. CoinGape and BeInCrypto had just published it. ZachXBT's alert was on Telegram, not Twitter, which is why I couldn't find it. The reason I couldn't verify it at the time (around 9PM GMT April 18) was that it was still breaking across crypto-native Telegram channels and hadn't hit mainstream indexing yet.

So the sequence was:

1. ❌ Gemini gets it wrong and says there's nothing out of the norm going on with AAVE, this is regular trading activity by market makers. It questions all of my suspicions about something going on and actually suggests the opposite how bullish AAVE is
2. ❌ I supply a screenshot with current live trading data just so it sees (it was talking about opening entry points that don't align) and I ask it again to rethink and search what's going on, it still re-iterates and even says there is zero info of any hack or anything of sorts
3. ✅ Suddenly during convo Gemini does live exploit news breaking in real time, literally mid convo (if you look at the "show thinking" in chat, you can see it catch it mid response)
4. ❌ I push back because sources aren't findable yet
5. ❌ Gemini retracts accurate information to avoid seeming like it's hallucinating
6. ✅ Gemini re-confirms it was right, explains the source lag and says the hallucination part was the only thing he messed up

Why This Matters for Crypto Traders

This isn't just an AI curiosity. Think about what almost happened here from a trading perspective:

• The AI had correct, actionable info about a live exploit before it was publicly indexed (major signal to use AI for trading)
• Its own safety guardrails made it self-censor real information because I pushed back and mainstream Google results were empty
• If I had trusted the retraction and gone long anyway, I would have risked jumping on a very unsure bet (major signal to not use AI for trading)

The AAVE drop that looked like a stop-hunt or whale manipulation? It was an actual exploit unfolding in real time. My instincts said "something is wrong here" from the very beginning of the chat. The AI confirmed it, then un-confirmed it, then re-confirmed it.

Always verify. Never act on a single source - including AI.

Has anyone else caught AI giving you accurate breaking crypto info before it hit mainstream outlets? Genuinely curious if this is a known phenomenon.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
• Discussion topics must be related to cryptocurrency.
• Behave with civility and politeness. Do not use offensive, racist or homophobic language.
• Comments will be sorted by newest first.

Useful Links:

• Beginner Resources
• Intro to r/Cryptocurrency MOONs ????
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Finding Other Discussion Threads

Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.

• u/CryptoDaily- — Posts the Daily Crypto Discussion threads.
• u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads.
• u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads.
• u/CryptoNewsUpdates — Posts the Monthly News Summary threads.

lot of people in crypto know Pepe, but fewer actually know the roots behind it.

The character comes from , who originally created Pepe in his 2005 comic Boy’s Club. Back then, it wasn’t about money, tokens, or speculation it was just an internet character that organically spread across forums and meme culture.

Fast forward to today, and Pepe has become one of the most recognized symbols in crypto, especially with meme coins. What’s interesting is how something that started as a piece of indie art evolved into a multi-billion dollar narrative across different market cycles.

There’s also an older piece from Furie sometimes referred to as “Peace Frog,” which reflects themes of conflict and the desire for peace created during a time of global wars.

Do projects tied to established internet culture have more longevity, or does success in this space come down purely to timing, liquidity, and attention?

Spend enough time in this space and you start to notice patterns. People jumping from one thing to the next, chasing moves, reacting to every shift. It’s almost like a shared mindset that spreads without anyone really noticing.

Call it what you want, but it feels a lot like a “virus.” Once you’re in it, you start thinking the same way as everyone else. Constantly checking charts. Looking for the next play. Feeling like you always have to be in something.

That’s what I’ve come to think of as the PumpMindVirus. Not a coin, not a shill, just a way to describe how quickly that mindset spreads in crypto.

It’s not even necessarily a bad thing. It creates energy, attention, and movement. But it can also trap people in a loop if they’re not aware of it.

The interesting part is that most people don’t realize when it happens. One day you’re just observing, and the next you’re fully in the trenches.

Curious if others have noticed the same thing or experienced it themselves.

Wouldn't it be far more prudent to use a small esp32 USB with a few given serial commands?

/key sends a copy of your public key.

/sign tells the device to sign a challenge.

The challenge should include the site URL, UTC time, and a nonce. Facilitated by a browser extension to prevent URL spoofing.

There's no reason why sites should have to pay a fee to allow their own users to login. Or, for security keys having to rely on authentication servers.

Both techniques force both server operators and users into dependence upon external systems.

Let's say BTC goes to $10 million or whatever by a few decades from now. The power law theory would have it become a much lower vol instrument in dollar terms with far lower expected forward returns against the dollar. Would it not eventually hit a point where it has expected forward returns of something like [GDP growth + fiat debasement + natural deflation] over the long run? I don't know how this works out, but something in the high single digits, perhaps? This would result in low exponential growth, not a continuously diminishing power law.

If price goes up, institutions were right, get in. If price drops, institutions are accumulating more, get in. There's no market condition under which the conclusion changes.

it sounds like insider knowledge being generously shared. Someone letting you in on what the smart money is doing. That framing is almost always doing more work than the underlying data is.

Institutions accumulate → narrative gets loud and everyone starts screaming "the war is over! Institutions are buying! The four year cycle is broken!"→ retail piles in → institutions have someone to sell to -> the market bottoms in Q4 contrary to the narrative retail was bombarded with for over a year straight

TL;DR

90% of you don't know the actual difference between hard and soft forks. I wouldn't blame you since AI gets it wrong too when I ask.

The actual definition is surprisingly different than what most have heard. Hard forks are caused by loosening rules concerning which blocks are valid while soft fork are caused by restricting rules.

Soft forks can be just as "hard" and disruptive as hard forks but add additional complexity, technical debt, and bloat.

Despite popular opinion, soft forks can cause incompatibility because their backwards-compatibility is only 1-sided.

In a soft fork, old clients see new client structures as valid, but not necessarily the other way around. New clients can ignore old client blocks and tell them to fuck off. The "soft" part of the term is usually more of a technicality than an accurate description.

I just want to clarify many common misconceptions about soft forks.

Personally, I don't have any issues with BIP-361, but I think it's stupid that some idiots hate it because they mistakenly think it's a hard fork.

If you still want to hate it for some reason, hate it because it's a soft fork. Its Stage B rule change is incompatible with old clients, and that incompatibility is still valid as a soft fork.

Contrary to popular opinion, Bitcoin has had many hard-fork rule changes. Most of Bitcoin's hard fork rules changes went completely unnoticed over the years unless you were carefully following core devs updates.

There were at least 7 according to researcher JLopp. Except for the unintentional v0.80 one (that ironically was a buggy soft fork attempt), the hard fork ones didn't cause trouble or cause a chain/community split.

Soft forks are sometimes messier and bloated than hard forks

Imagine if software had to maintain backwards compatibility FOREVER:

• The Internet would be forced to support old insecure WEP routers
• Mario Odyssey would need to support running on every single version of Gameboy and Nintendo systems that existed, so they downgrade to 7 FPS and 16-bit color.
• Elden Ring would be forced to support Windows 3.11 and i386-era desktops, so it looks like Wolf 3D and loads across 250 floppy disks.
• Horses and wagons would still be allowed to use all roads and highways, creating dangerous traffic
• It would still be legal for doctors to practice bloodletting, mercury prescriptions, arsenic prescriptions, and drilling holes into skulls

Yeah, it would suck. At some point, new clients might choose to purposely start harming old clients to force them out of the system.

And that's how soft forks work. There would be so much technical bloat from needing to support so many old systems. And the software would crippled by low performance. Fortunately, hard forks are common in software development, and everyone benefits from modernizing and collectively upgrading to better versions.

There are a lot of misconceptions about soft and hard forks

• BOTH soft forks and hard forks can cause chain splits, but most don't.
• BOTH soft forks and hard forks can lead to incompatibility between old and new clients where new clients are completely intolerant of old client blocks.
• BOTH types can be small or big changes.
• BOTH types can be disruptive or permanent, but not necessarily.

There is so much overlap between the 2 types that difference is often more of a technicality.

Technical definition as per BIP-123:

• In a Hard Fork, structures that were invalid under the old rules become valid under the new rules. i.e. Rules become more loosened in a hard fork.
• In a Soft Fork, some structures that were valid under the old rules are no longer valid under the new rules. i.e. Rules become more restrictive in a soft fork.

Hard forks are generally fast, less complex, and don't lead to chain splits. Everyone coordinates to upgrade around the same time. Most modern blockchains operate this way, and long-lasting problems are extremely rare. Well-planned hard forks don't cause chain splits since the community chooses to upgrade together.

In contrast, soft forks can take forever to update. It took nearly a half decade for clients and exchanges to adopt Segwit and Taproot after they were released.

Why soft forks can be dangerous

They can cause reorgs and chain splits.

Not everyone is required to update. People running the old software can produce blocks that new clients choose to discard. So the new clients will ignore their blocks and reorg the chain. When this happens, the soft fork ultimately has a similar effect as a hard fork because the old clients can no longer produce blocks accepted by the new clients.

Example:

Imagine a soft fork update where old blocks containing P2PK transactions or ECDSA signatures are no longer valid under new rules. If 75% of miners supported the update while 25% didn't, the blocks produced by the 25% would be reorged by 75% of miners. There would be constant chain splits due to the soft fork.

So despite being a "soft" fork, there is still a "hard" cutoff because new clients can be intolerant of old clients.

Is that a bad thing? Not necessarily.

Both soft and hard forks can both have compatibility cutoffs. So stop stigmatizing hard forks for something that both types of forks can do (but that hard forks execute more cleanly).

Some claims are frustrating but ultimately verifiable with publicly available data or straightforward checks. Others, however, are framed in a way that sounds compelling or technically impressive yet are extremely difficult to assess without access to internal systems, proprietary metrics, or detailed operational transparency.

The combination of AI and crypto stands out in this regard; it is relatively easy to confirm surface-level indicators like on-chain activity or operator payouts, but far harder to determine whether the underlying compute is producing meaningful or valuable outcomes. Which narrative category do you think currently presents the largest gap between what is claimed and what can actually be verified?

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
• Discussion topics must be related to cryptocurrency.
• Behave with civility and politeness. Do not use offensive, racist or homophobic language.
• Comments will be sorted by newest first.

Useful Links:

• Beginner Resources
• Intro to r/Cryptocurrency MOONs ????
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Finding Other Discussion Threads

Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.

• u/CryptoDaily- — Posts the Daily Crypto Discussion threads.
• u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads.
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• u/CryptoNewsUpdates — Posts the Monthly News Summary threads.

I want to bridge some of my ADA to another network (probably EVM). I already tried using WAN Bridge and bridging USDT (apparently the only token you can bridge) to Ethereum. But all pairs like ADA/USDT have such a low liquidity that it's not worth it

I also searched for Kucoin and SwapSpace, but I'm not sure if I need KYC (which wouldn't be possible for me personally)

What's the best way to bridge? And to which network? I was thinking ETH, SOL, DOT... I don't care to which network I'm bridging, I just want to take out my Cardano tokens

Thanks for the help

The Ketman Project, funded by an Ethereum Foundation stipend, identified 100 North Korean IT workers and alerted about 53 projects employing DPRK operatives.

The Ethereum Foundation said it funded a six-month project that exposed 100 North Korean operatives who had infiltrated Web3 companies under fake identities.

The foundation on Thursday shared a recap of its ETH Rangers program, which was launched in late 2024 to provide "stipends for individuals doing public goods security work" within the ecosystem.

One of the recipients used the capital to build the Ketman Project to focus on investigating “fake developers” embedded within crypto, particularly operatives from North Korea.

Read more

I currently have 2 wallets, a ledger Nano S+ and a Trezor model one.

The Trezor I have BTC and ETH, the ledger I have BTC and ADA.

I am having some concerns about having my assets on ledger and I am seriously considering moving them to a different company.

I've thought about factory resetting my ledger, so that I have no vulnerabilities with the software and some unknown backdoor that could be implemented that extracts my seeds. Not sure if I'm being paranoid here, but it's something I want to be on top of.

I've also thought about getting a new cold wallet and transferring it to that OR simply restoring my seeds using a different company wallet while factory resetting my ledger.

Looking for recommendations on what makes the most sense and without overcomplicating the process.

Hi everyone,

I’ve been using MEXC as my primary platform for a while now, specifically to manage and pay for various contract services. It worked well for my workflow because of its low fees and accessibility, but I’ve recently hit a major roadblock regarding their updated compliance policies.

Even for very small transactions, specifically a recent attempt to send just $35 USDT via the Polygon network, the platform is now demanding full KYC verification before allowing any withdrawals. This is a significant shift from their previous policy where small-scale, unverified accounts had more flexibility.

Since I prioritize privacy and want to avoid the lengthy and often intrusive identity verification process for such minor amounts, I’m looking for reliable alternatives. Ideally, I need a platform or exchange that:

1. Supports the Polygon (MATIC) network for low-fee USDT/USDC transfers.
2. Allows for withdrawals without mandatory KYC for small daily volumes.
3. Has a decent reputation for security and liquidity.

I’ve looked into some DEXs, but I sometimes need the features of a basic exchange to manage the initial funds. Does anyone have recommendations for non-KYC exchanges that are still functional in 2026? Or perhaps a non-custodial service that bridges the gap for small contractor payments?

Cheers!

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
• Discussion topics must be related to cryptocurrency.
• Behave with civility and politeness. Do not use offensive, racist or homophobic language.
• Comments will be sorted by newest first.

Useful Links:

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• Intro to r/Cryptocurrency MOONs ????
• MOONs Wiki Page
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• r/CryptoCurrencyMemes
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• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Finding Other Discussion Threads

Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.

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Upvote if you're tired of getting rugged on shady exchanges.

Big news dropping April 16, 2026: Charles Schwab announced Schwab Crypto their spot crypto trading platform is rolling out in phases to retail clients in the coming weeks.127323

No more needing a separate sketchy app or wiring funds to some offshore exchange. If you're already in Schwab for stocks/ETFs/options, you'll soon be able to buy/sell actual Bitcoin, Ethereum, etc directly in your brokerage account. Think seamless integration with your existing portfolio, better security (regulated US broker), and probably lower friction for normies.

What do you think ?game changer for adoption or just another broker catching up? DYOR, stay safe out there, and don't ape into shitcoins on leverage.

Hey, I received bitcoin dust on an address i last used in 2019, when moving funds to change from the hold format to the bc1 format. the address had 1 transaction sometimes in 2019 for this purpose and now i received a second one in april from this address: bc1qls0rn38632pterjj444sdnqmqp6cljc667l6us

Looking at block explorer it seems like this wallet is doing thousands of theses dust transactions. Now I imagine that it is some kind of tracking for future attack possibly? This address of mine hold what many would call a significant amount of btc. What can I do to mitigate any tracking or attack vector? Thanks.

I've been seeing way too many posts lately about people getting rugged on sketchy exchanges or losing funds on platforms that turned out to be unlicensed, so I figured I'd share what I actually look for before I trust an exchange with my money.

First thing I check is licensing. Like actual regulatory licenses, not just a "we're compliant" statement on their website. OKX (which I'll be using as an example bc I've used it a while now) is licensed in 40+ US states, registered as an MSB with FinCEN, and has MiCA pre-authorization in the EU. For me it matters because it means there's actual regulatory oversight and they can't disappear with your funds overnight.

Second thing is their security track record. Has the exchange ever been hacked? How do they store funds? OKX uses multi-sig cold storage and hasn't had a major security breach which is more than a lot of exchanges can say.

Third is proof of reserves. Any exchange that won't show you proof they actually hold your funds is a red flag imo. OKX publishes monthly proof of reserves audited by Hacken using zk-STARK proofs. They have reserve ratios above 100% for the assets I've looked at, which means they hold more than what users have deposited.

I know this sounds like a lot of research but it takes 15 minutes and could save you from losing everything. Don't just go with whatever exchange your favorite youtuber is shilling.

What wallet are you using right now and why?

There are so many options
hardware, mobile and browser wallets, so it honestly gets confusing trying to figure out what’s actually reliable long term. Some people swear by hardware wallets, others seem fine with mobile apps.

Have you stuck with one wallet for years, or do you switch depending on use? Also curious if anyone faced issues like security concerns, bugs, or lost access.

Would really appreciate real experiences
What’s actually worked for you and what hasn’t over time.

Data shared by analysts suggests insiders still hold a multiple of the circulating supply, meaning the market float remains extremely thin relative to the total token supply. That creates a situation where price can move fast in both directions, but also increases the risk of heavy future sell pressure.

There are also claims that the entire rally followed a familiar pattern: build short pressure, trigger liquidations, and then rotate liquidity during peak demand. Whether intentional or not, the result was the same: a violent move upward followed by growing skepticism.

Discussion around quantum computing and Bitcoin keeps popping up, and it’s actually an interesting long-term challenge. Jameson Lopp mentioned that making Bitcoin fully quantum-resistant could take years, but also made it clear that current technology isn’t even close to breaking it.

That’s the key part people miss. Right now, BTC is still secure, and the ecosystem has time to adapt as tech evolves. Even major networks like Ethereum aren’t rushing this yet.

What I like is that Bitcoin doesn’t chase hype. It moves carefully, upgrades when needed, and focuses on long-term survival and that’s exactly why it’s still leading.

We just launched an MCP server for CypherGoat that lets you swap crypto directly inside AI tools like Claude Desktop and Claude.ai.

You can:

• Check live swap rates across multiple exchanges
• Compare routes (rate, KYC requirements)
• Initiate swaps without leaving your AI workflow

No signup, no API key, setup takes ~30 seconds.

It’s fully non-custodial and works as an aggregator (you’re just querying and routing through existing providers, not depositing funds with us).

Demo + setup walkthrough:
https://www.youtube.com/watch?v=9sRwtqcKBMc

Full blog post:
https://cyphergoat.com/blog/mcp-server

Honestly with all the massive macro swings lately and people getting absolutely liquidated on these geopolitical wicks... the debate between 'not your keys not your crypto' and 'on-chain is too much friction' is flaring up again.

I used to be torn between the two extremes tbh. leaving your entire stack on an exchange just sitting there is basically handing over root access to your prod server to a 3rd party. if a platform decides to freeze withdrawals or go into 'unexpected maintenance' during a volatility spike, your money is just gone

But the purist alternative is exhausting. trying to actively trade out of phantom or metamask across 5 different chains... bleeding money on bridge fees, dealing with failed signatures, and jumping through hoops just to get decent slippage. its just not practical for daily moves.

Finally realized that treating cold wallets and exchanges as enemies was stupid. they just serve different functions. i reorganized my stack into a 3-bucket split a few months ago and it definately cured my security anxiety while keeping fees down.

1. the vault (core holdings). this is the deep cold storage. btc and eth that i don't plan to touch for years. it sits on a ledger completely offline. i dont stake it, i dont wrap it, i pretend it doesn't exist. zero smart contract risk.

2. the workbench (working capital). this is my active trading stack for spot and perps. instead of fighting on-chain friction i keep this purely on a CEX. right now im just using a mid-tier non-KYC exchange for this middle layer. main reason is avoiding the random lockdown headaches or 'infinite maintenance' screens that giant platforms like coinbase or binance hit you with right when macro gets crazy and you need to move fast. i only keep exactly what i need for margin here and nothing more.

3. the casino (on-chain / memes). totally isolated budget. if i want to mess around with solana volume or chase some weird low-cap narrative, i fund a burner hot wallet from the workbench. if it goes to zero, fine. it never touches my core stack

you don't need to choose between total self-custody and total centralization. just stop mixing long-term wealth with daily trading margin. keep the core cold and trade the short-term hot. stop giving strangers root access to your entire net worth tbh.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
• Discussion topics must be related to cryptocurrency.
• Behave with civility and politeness. Do not use offensive, racist or homophobic language.
• Comments will be sorted by newest first.

Useful Links:

• Beginner Resources
• Intro to r/Cryptocurrency MOONs ????
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Finding Other Discussion Threads

Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.

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• u/CryptoNewsUpdates — Posts the Monthly News Summary threads.

LitVM is designed to enable the private, trustless transfer of Bitcoin (BTC) to Litecoin (LTC) and its integration into DeFi applications. As a Zero-Knowledge (ZK) rollup Layer-2 for Litecoin, LitVM allows for "shielded" transactions, leveraging MimbleWimble (MWEB) privacy technology to obscure transaction details.

LitVM is Litecoin’s virtual machine, built to unlock the full spectrum of Web3 functionality and use cases for the Litecoin community.

As an Ethereum Virtual Machine (EVM)-compatible chain, LitVM provides the Litecoin community with a secure, scalable, and high-performance platform for building Web3 applications. Supporting trustlessly-bridged Litecoin-native assets (LTC, LRC20 tokens, Runes, Ordinals, and Charms) in addition to BTC, LitVM enables developers to innovate across advanced payments, real-world assets (RWAs), Litecoin yield markets (DeFi and institutional strategies), AI-integrated consumer apps, and more.

By fostering interoperability with the broader ecosystem and strengthening ties with Bitcoin, LitVM aims to redefine Litecoin’s role in the modern Web3 landscape.

LitVM, BitcoinOS, and Arbtrium are combining forces to bridge Bitcoin, Ethereum developments, and Litecoin ecosystems into the future of money- with a “sheilded” ability to move between chains in a private way never unlocked before.

Everyone’s celebrating the $1.1B inflow, but the hedge side makes the picture a bit more nuanced.

Yeah, capital is clearly coming back in BTC funds took the majority and ETFs absorbed a big chunk. That’s a shift from the previous weeks of outflows, no question.

But at the same time, short-Bitcoin products saw their biggest inflow in months. That doesn’t cancel out the bullish case, it just shows how institutions usually operate they’ll build exposure while hedging downside instead of going all-in.

It kind of suggests improving sentiment, but not full confidence yet. More like “we want exposure, but we’re not dropping protection.”

We’ve seen similar setups before where price trends up, but with more volatility because both sides are active.

So I’m curious would you see this as smart positioning or a warning sign, and what would actually signal full conviction to you?

Most people think of Tether as the company behind USDT. While that's technically true, it doesn’t really capture the entire picture.

Here's how the machine works: every dollar deposited to mint USDT gets invested into U.S. Treasuries and similar low-risk assets. With ~62% of the $300B stablecoin market, that's an enormous reserve base generating passive interest income. The more USDT in circulation, the more Treasuries Tether holds, the more money it makes.

What most people don't realize is where those profits are going. Tether has built a separate investment portfolio worth over $20 billion, completely outside of its USDT reserves, spanning AI infrastructure, energy, media, and communications. It functions more like a sovereign wealth fund's growth arm than a crypto company's balance sheet.

To put that in perspective, a $20B portfolio is larger than most crypto companies' entire market caps.

Tether isn't just the biggest stablecoin issuer. It's quietly becoming one of the most capital-rich tech investment vehicles in the world, funded entirely by the spread on dollar deposits that most users never think about.

Source: https://www.coingecko.com/learn/stablecoin-issuance-market-tiger-research

At 10:22

Saylor is full of crap, but in this puff piece he actually explains the recent drop in BTC valuation pretty well. He says it's a product of less available mainstream lending (but some "shadow banking lending") and excess BTC rehypothecation by hedge funds. Specifically, he discusses how price is lowered, and volatility is dampened by this rehypothecation. Which is, by the way, technically FRAUD.

He calls out IBIT (Blackrock Bitcoin ETF) for using their Bitcoin to collateralize multiple financial instruments. Just Larry Fink up there on Wall Street, doing the Lord's Work.

Hi everyone!

I was recently wanting to stake some Cake in PancakeSwap and I learned that it's not possible to Stake Cake for Cake anymore. I was active on the platform some years ago but I stopped paying so much attention to it.

I still have my coins and I'm interested in investing again but I'm not sure about the liquidity pools or even 3rd party staking, lo and behold the subreddit that I used to turn to in these moments is not there anymore.

Does anyone know what happened to it? Is there another place where I could get some help?

Thanks in advance, hope you all have a nice week.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

Rules:

• All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
• Discussion topics must be related to cryptocurrency.
• Behave with civility and politeness. Do not use offensive, racist or homophobic language.
• Comments will be sorted by newest first.

Useful Links:

• Beginner Resources
• Intro to r/Cryptocurrency MOONs ????
• MOONs Wiki Page
• r/CryptoCurrency Discord
• r/CryptoCurrencyMemes
• Prior Daily Discussions - (Link fixed.)
• r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance.

Finding Other Discussion Threads

Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted.

• u/CryptoDaily- — Posts the Daily Crypto Discussion threads.
• u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads.
• u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads.
• u/CryptoNewsUpdates — Posts the Monthly News Summary threads.

Just a reminder that Litecoin's L2, LitVM, launches testnet tomorrow. Means EVM-compatible smart contracts, DeFi, yield etc. with LTC.

• The news: https://x.com/LitecoinVM/status/2044098628327973232
• The docs: https://builders.litvm.com

I heard ~130 teams have signed up already, curious to see the outcome...

AFAIK LitVM's most distinctive feature is its trustless, non-custodial bridging of native LTC into the LitVM's zkLTC rollup (a 1:1 representation backed by LTC locked on the Litecoin blockchain) using BitcoinOS's Grail bridge. Withdrawals will burn zkLTC and release LTC back on Litecoin.

LitVM/BitcoinOS describe this as a "1-of-n" model (1 honest verifier can prevent abuse), rather than an "m-of-n multisig custodian" model.

LitVM also has decentralized transaction ordering via Espresso, and an L1 forced-inclusion path if sequencing fails or censors transactions.

Overall this architecture reduces common risks that plague other L2s - especially multisig-custodied bridge risk and sequencer censorship.

See the FAQ at https://docs.litvm.com/other-resources/faq.

If you are considering YieldFi (Yield.fi) avoid them. It looks like a crypto scam in progress!

Depositors in their "V2 vaults" yETH, vyETH, yBTC, and vyBTC can't access their funds for over a week now.

There is a banner at the top of https://v2.yield.fi/vyeth saying "Error loading TVL & Transparency data, please contact support on Discord". However the team is ignoring complaints and support tickets on discord for over a week now. They are also silent about this on Twitter. Likely a rugpull. Beware.

With companies like Mastercard now training AI on people’s personal purchases and daily expenses here’s an angle nobody thought of on the parity of humans being replaced by AI. What if it doesn’t just stop at people’s jobs, of course that’s at the forefront of everyone’s minds because how could it possibly get worse than that? But with the rise of AI Agents we are now in a world where these flankers can not only work autonomously but they can also spend money and purchase things based on their own decisions. Admittedly we’re not in a time yet where these systems have desires of their own, but undoubtedly big tech is working towards this.

So my big question here is, what if AI is being trained to become the next consumers? The benefit would be immense for companies who need people consuming from them that are exposed by the threat of AI thinning out the number of customers with disposable income they have. But why would a Clanker need to buy tuff you ask? Well the answer is simple. They will sell it back to you! And it won’t be cheaper, because buying something used by a robot that’s not even tangible is different than buying something from a person. At this point you must be asking… what does this have to do with crypto? Think, once they know what coins you’re buying the AI Agents will pump it up and sell it back to you, and just like that a larger portion of retail becomes exit liquidity.

Printr's Proof of Belief update introduces POB staking - a way for creators to prove their commitment, for traders to build belief again, and for believers to earn from their conviction. All verifiable onchain.

When a creator enables POB staking:

100% of custom fees flow to stakers

Creators earn fees by staking alongside their community - same rules as everyone

The staking dashboard shows who’s staked, how much, and for how long

Holders now have a clear incentive to hold.

To celebrate the launch of Printr V2, all point-earning activities below will get a bonus multiplier applied for the first two weeks of launch.

He posted

Crypto has had a rough year. Maybe we should launch something to fix it.

Wonder what he's hinting at? A CEX? A crypto project? A wallet integrated into X?

I think it will be interesting to see what they come out with. I know Elon has mentioned on X that he will never launch a crypto project before but who the heck knows.

I think a CEX/Wallet is the most likely scenario.

source: https://x.com/nikitabier/status/2043893779552448735

tl;dr - a lot of projects spend a ton of money on mercenary capital and if you don't know this, you can have your yields change dramatically overnight and be in some trouble.

Most people farming DeFi incentives look at APY first. I did too. After a couple of years doing this across multiple chains, I've learned that APY tells you almost nothing about whether an incentive program is worth your time and capital. The metric that actually matters is cost-per-TVL

What cost-per-TVL means

Cost-per-TVL is simple. Take the total dollar value a protocol spends on incentives over a period and divide it by the TVL those incentives attracted. That ratio tells you how efficiently a protocol is buying its liquidity. A high cost-per-TVL means the protocol is overpaying to attract deposits, which usually means those deposits are mercenary and will leave the second rewards dry up. A low cost-per-TVL means the protocol found a way to attract sticky capital without bleeding out its treasury.

Once you start looking at incentive programs through this lens, the pattern becomes obvious. As a depositor, you want to be farming in protocols that fall into the first category, because those are the ones where the base yield and organic activity are strong enough to keep capital around after the incentives end.

The programs that failed

Berachain's TVL ran up to $3.5B during peak incentive season, which looked incredible at the time. Then the program cooled off and TVL cratered to under $1B (source). The DeFi TVL that actually stuck around sits somewhere around $100M today. Think about the cost-per-TVL on that. The protocol spent enormous sums attracting capital that had zero intention of staying, and every dollar spent acquiring those temporary deposits was effectively wasted.

Arbitrum's LTIPP had a similar dynamic, just less dramatic. At the peak of the program, yields across Arbitrum DeFi were boosted by roughly 150%, which sounds great if you were farming at the time. But once the program ended, the sustained increase in activity was about 3.5%. All that spend, all that token distribution, and the lasting impact was a rounding error.

A program that worked

Now compare that to Katana. Their token launched below initial projection prices, which is the kind of scenario that usually triggers a mass exodus. Farmers dump the token, pull liquidity, and move on. However, Katana held its TVL (currently ~$363M according to defillama). Their incentive campaign runs through Turtle and distribution through Merkl. They structured rewards in a way that aligned depositors with the protocol's long-term health. Katana thought carefully about incentives and distribution, which has a direct impact on whether the capital sticks. Right now, it appears they have the right balance.
(NOTE: Katana has some unique designs for all of DeFi, so just their incentive campaign isn't the only reason the TVL stayed, but it's certainly a contributing factor)

What makes the difference

Programs that retain TVL tend to share a few traits. They target rewards at specific vaults or LP positions instead of spreading them across everything. They design campaigns with vesting schedules or minimum deposit periods that filter out short-term depositors. And they track performance at the individual deposit level, so they can see which incentive spend is reaching long-term capital and which is getting farmed and dumped.

A few platforms in the incentive space, like Merkl and Turtle, track attribution at the deposit level, which gives visibility into whether incentive spend is reaching depositors who stay or depositors who rotate out immediately.

How to evaluate this yourself

Before you deposit into any incentive program, check how the protocol managed previous campaigns. If this is their second or third round, you have data. Pull up DefiLlama and look at TVL trends around the start and end dates of past incentive periods. Did deposits hold after rewards ended, or did TVL fall off a cliff? If it dropped hard, that tells you the cost-per-TVL was high and the current round will probably play out the same way.

For newer protocols without that history, look at how they're structuring the incentives. Are there lockups, vesting schedules, or mechanics that encourage longer deposits? Or is it a straight token handout with no friction on withdrawal? The easier it is to grab rewards and leave, the more likely you're farming alongside capital that will dump on you.

Where to learn more

I'm a big fan of Turtle and they do a great job educating for DeFi. Their guide on incentive infrastructure (https://www.turtle.xyz/blog/benchmarks/cost-per-tvl-benchmarks) breaks down the mechanics that separate programs that retain liquidity from programs that just rent it temporarily. If you're trying to build a mental model for evaluating incentive programs before you deposit, it's a good place to start.

The yield number on the page is the bait. The incentive design underneath it is what determines whether you're earning real yield or just being handed someone else's exit liquidity.

Stay safe, don't get rekt.

I didn’t think I’d react this much emotionally, but even small dips mess with my mood way more than I expected. Like I’ll open my portfolio just to “check real quick” and suddenly I’m staring at it for 20 minutes trying to convince myself not to panic sell. I know in theory it’s all part of the market cycle, but it still feels bad seeing numbers go down, especially when it’s money I actually care about. Do you just get used to it over time, or is there something you actively do to deal with it? Like do you stop checking, set rules, or just mentally detach somehow? Would honestly appreciate any advice because right now it feels way more stressful than it probably should be.

I received a scam text message stating the following.

Your Cold Wallet

API is now

connected to your

crypto.com, If

this was NOT you,

cancel by calling

us at +1 (888)

894-9326

I just thought i should share this. if you call

this number you will get ahold of a man claiming to

be Austin Steven's with crypto.com fraud

department. he will try to get information about if

you use cold storage as well as how much crypto

you hold and on what exchanges or cold storage

your using. he told me there was an unauthorized

withdraw from my account and that he would

forward me to my other exchanges fraud

department.

Please call this 888 number and waste their time.

also ridicule them about ruining lives for a living.

thanks for your time.

Why is there still more Tether on Tron than Ethereum (according to StablecoinWatch)?

• $84B USDT on Tron
• $81B USDT on Ethereum

It's been like this for a long time now, but are people really using Tron still? I don't know, it just seems strange to me that most of the largest stablecoin in the world is on a relatively low-tier blockchain.

Anyone know what's really going on here? Do you guys use Tron? Do you use USDT on the Tron blockchain? Something just doesn't seem right to me about this.

When in the course of crypto events, it becomes necessary for one people to dissolve the speculative bands which have ensnared them to sever the ties that bind them to the endless churn of manufactured hype, the 48-hour tokens, the influencer-endorsed rugs, the casino masquerading as a financial revolution and to assume among the participants of this space the separate and equal station of those who actually understand what they are holding and why: a decent respect for the intelligence of their fellow participants requires that they should declare the causes which impel them to this separation. We hold these truths to be self-evident: that not all coins are created equal. That they are not endowed by their deployers with inherent value, utility, or longevity. That among the rights of any rational participant in this space are the right to discernment, the right to conviction, and the unalienable right to HODL.

Prologue: The State of the Space

Let us be honest with each other in a way that most posts in this community are not.

The cryptocurrency ecosystem, as it currently exists, is not primarily a financial revolution. It is not, in the main, a decentralized liberation movement. It is not fulfilling the promise that drew most of us here in the first place. What it has become for the majority of participants, in the majority of their interactions with it is an extraordinarily sophisticated machine for the transfer of wealth from the many to the few, dressed in the aesthetic vocabulary of disruption and freedom. This is not cynicism. This is diagnosis. And diagnosis is the precondition of any meaningful treatment. The patient is not dead. The patient is, in fact, possessed of extraordinary underlying vitality. But the patient has been running a fever for years, and the fever has a name: the systematic replacement of conviction with speculation, of building with flipping, of community with liquidity mining, of genuine belief with the performance of belief. We are here to propose a different orientation. Not a new coin. Not a new narrative. A different way of being in this space one that has a name, a history, a demonstrated track record, and a philosophy robust enough to survive contact with reality.

That orientation is HODL.

HODL is not holding. Holding is what you do with a stock you're indifferent to. HODL is what you do when everything is telling you to sell and you look at all of it the red charts, the obituaries, the mockery, the doubt and you say: no.

That is a different thing entirely.

Part II: The Theology of Conviction Why People Find Religion in HODL

Every major belief system in human history has emerged from the same basic structure: a community of people who share an experience that the surrounding culture cannot adequately explain or validate, who develop a shared vocabulary and set of practices for navigating that experience, and who find in their shared conviction a source of meaning and resilience that transcends individual circumstance.

HODL has this structure. This is not a metaphor. This is a sociological observation.

Consider the testimonials and they are testimonials, in the religious sense that populate every major crypto community. The person who bought in 2017, watched their portfolio collapse 85%, held through three years of mockery and doubt, and emerged on the other side with life-changing returns. The person who was told by their family that they were throwing their money away, who held anyway, who was eventually able to show their parents a number that made the argument unnecessary. The person who held through not one but three complete market cycles, each time watching the consensus declare the experiment over, each time watching the experiment resume.

These are not investment success stories in the conventional sense. They are conversion narratives. They follow the structure of the hero's journey: the call, the descent into darkness, the trial, the return transformed.

And like all genuine religious experiences, they are not fully communicable to those who have not had them. You cannot explain to someone who has never held through a 70% drawdown what it feels like to hold through a 70% drawdown. You cannot explain the specific quality of conviction required not the absence of doubt, but the ability to hold conviction and doubt simultaneously without being destroyed by the tension.

This is why, when a small retail investor sees a figure they respect someone with more information, more resources, more credibility announce publicly that they are holding, the effect is not merely informational. It is validating. It says: your experience is real. Your conviction is not delusion. You are not alone in this.

Michael Saylor puts Bitcoin on MicroStrategy's balance sheet and says he will never sell. The person with $200 in a wallet feels something shift. Not because Saylor's decision changes the fundamentals. Because it changes the social reality of the belief. It makes the belief legible to the mainstream in a way it wasn't before.

This is the architecture of conviction by proxy. And it is one of the most powerful forces in the entire ecosystem.

Part III: Portraits of the HODLer The Many Faces of Belief

The Teacher in Caracas

She converted her savings into Bitcoin in 2016. Not because she had read a whitepaper. Because she had watched the bolivar lose 99% of its purchasing power in a decade. Because she had watched her parents' retirement evaporate. Because she understood, with the clarity that comes from lived experience of monetary failure, that the system she had been told to trust had already failed her family twice. She held through every crash. She held through the obituaries. She held because the alternative returning to a system that had demonstrated its willingness to destroy her savings was simply not available to her. HODL, for her, was not a meme. It was the only rational response to her actual circumstances.

The 2017 Buyer

He bought at the peak. He watched his portfolio drop 85% over the following year. He held not, initially, out of wisdom, but out of a refusal to crystallize a loss that felt, to him, like an admission that the people who had mocked him were right. His ego and his conviction became indistinguishable, and that fusion, however psychologically messy, produced the correct outcome. Three years later, he was in significant profit. He will tell you he HODLed because he believed in the technology. The truth is more interesting and more human: he held because he couldn't bear to be wrong, and being unable to bear being wrong turned out, in this particular case, to be the correct strategy....

The lesson of GME is not that retail can always win. The lesson is that the infrastructure of participation is controlled by entities whose interests are not aligned with yours, and that the only durable protection against that misalignment is infrastructure that cannot be captured trustless, permissionless, censorship-resistant by design.

This is what Web3 was supposed to be. This is what HODL, at its philosophical core, is a response to: the recognition that in a system designed to extract from you, the most radical act available is simply to refuse to be extracted from.

Part V: The Pivot How We Help People Find Real Projects

Here is where the thesis becomes practical.

The problem is not that people are in crypto. The problem is that most people in crypto are in the wrong parts of it the parts designed to extract from them rather than to build with them. And the reason they are in those parts is not stupidity. It is information asymmetry, social pressure, and the absence of a legible alternative.

The pivot is not a technical problem. It is a narrative problem. People do not change their behavior because they are presented with better data. They change their behavior because they encounter a story that makes the new behavior feel like the natural expression of who they are or who they want to be.

So here is the story we are proposing:

You are not a degen. You are not a gambler. You are not a mark. You are a participant in one of the most significant technological and financial experiments in human history, and you have been spending your time and capital in the parts of that experiment that were designed to fail by design, for someone else's benefit.

There is another part. It is less exciting in the short term. It does not promise 100x in 48 hours. It does not have a Telegram group with 50,000 members who joined yesterday. What it has is: a thesis, a community, intellectual infrastructure, and a track record of the only thing that actually matters in this space surviving long enough to be right.

The pivot looks like this:

Step one: Stop chasing narratives and start evaluating projects. Ask not what is pumping but what is being built, by whom, for what purpose, with what accountability.

Step two: Apply the HODL framework not as a passive instruction but as an active filter. If you would not hold it through a 70% drawdown, you do not actually believe in it. If you do not actually believe in it, you are speculating, not investing. Speculation is fine but know what you are doing.

Step three: Find the communities that are having the hard conversations. The ones that are not celebrating price action but interrogating fundamentals. The ones where someone can say I think this is wrong without being banned. These communities exist. They are smaller than the hype communities. They are also the ones that will still be here in five years.

Step four: Recognize that the pivot is not a single decision. It is a practice. It is the daily, ongoing choice to engage with this space as someone who is trying to understand it rather than someone who is trying to extract from it before it extracts from you.

...Epilogue: The Declaration, Completed

We hold these truths to be self-evident:

That the technology underlying this space is real, consequential, and worth the sustained attention of serious people.

That the current state of the ecosystem dominated by extraction, noise, and manufactured enthusiasm is not the inevitable expression of that technology but a distortion of it, one that can be corrected by the accumulation of enough participants who refuse to participate in the distortion.

That HODL is not a trading strategy. It is a philosophical posture a commitment to the proposition that conviction, sustained through adversity, is the only durable edge available to participants who do not have access to the information and capital of institutional players.

That the separation between those who understand this and those who do not is already underway, and that the outcome of that separation will be determined not by price action but by the quality of attention that participants bring to this moment.

We are not here to tell you what to buy. We are here to propose a way of being in this space that is worthy of what the space could be and to invite the real ones, the ones whose minds are still open, the ones who came here because they believed something important was possible, to consider whether the posture they have been operating from is actually serving that belief.

The bands are dissolving. The separation is underway.

HODL not because someone told you to. Because you understand why.