Chain Digger

Good to see @MeteorWallet taking a structured approach after the April exploit (DewNear-related): – full AI audit completed – vulnerability already patched – on-chain monitoring now live No new fund loss risks found. Fixes pending final review (per team update).

@PeterWong179151 Dragdown may come, if btc does not keep 77k levels, liquidations of longs would come according to the heatmap, sol would follow… there is no clear catalyst for sol at the moment, it just driven by btc moves

@ChainDigger82 volatile week is coming for crypto... i can not see it with happy end, looks good for me for shorting SOL :) on chain activity and buyers' interest went low recently

One of the most macro-heavy weeks of the year. – 5 central banks (Fed, ECB, BoJ, BoE, BoC)
– Big Tech earnings (AAPL, MSFT, AMZN, GOOGL, META)
– US GDP (Wed) + Core PCE (Thu) Meanwhile, oil just spiked above $105 on Hormuz tensions. Macro is back in the driver’s seat. Crypto won’t ignore this.

Well written! What is another red flag for me is the insurance fond. This pool is for bad debts, what else than a bad debt was the exploit… fake token without any value as collateral caused a bad debt. But Drift won’t distribute the money to the victims…what a derision! In all aspects Drift showed they care about themselves and their salaries, did not take any responsiblity, any excuses, user dont matter at all

1/5 Imagine a debtor owes you $1M. He has $10k. Does he pay? No. He offers you a "promise note" (IOU) for the rest and forces you to sign away your right to sue. Goal? Dump the risk on YOU. Cap his loss. Make you the bagholder. Sound familiar? It should. 🧵👇

@JKChe82 @FlashTrade well, they try to be one super app for everything, but sometimes it is better to focus on something deeply and make it TOP, instead of doing everything just mediocre

@ChainDigger82 @FlashTrade I like the LP there with a "dividend" mode, jupiter definitely lost a lot of trust after the cancelled airdrop and honestly it is expensive & lending poor apy etc.

After Jupiter walked back the airdrop, I started looking for alternatives. Ended up using @FlashTrade more lately. • 0% fee limit orders (real orderbook) → Jupiter “limits” still pay swap + routing fees • More perp pairs → not just BTC / ETH / SOL • Lower entry fees on perps → ~0.05% vs ~0.06% (+ different funding model) Feels like this is flying under the radar.

@Cointelegraph Premium staying positive for 17 days = sustained spot bid. The real signal is what happens when it flips. That’s where momentum usually breaks.

🚨 TODAY: Coinbase's Bitcoin Premium Index has been positive for 17 consecutive days.

@SolanaSensei Legality aside — this is what happens when liquidity is exit liquidity. Most memecoins aren’t markets, they’re distribution mechanisms.

The president of the USA rugged his own memecoin by more than 96% Extracted millions of dollars But still, nothing happens How can this be legal?!

Exactly. This is basically the core thesis behind the $HYPE pump. The market is betting that Hyperliquid will eventually absorb the biggest players from Polymarket. However, regulation remains the elephant in the room. CFTC in the US is already cracking down on prediction markets, and perps for real-world assets like oil are under much tighter scrutiny than pure crypto. If CFTC decides to play hardball, it’s a massive risk for both protocols as well.

@ChainDigger82 Damn, good thoughts And basically they don’t need bridge anymore, just stay on Hyper for perps and predictions markets

I'm thinking about taking a position in Polymarket pre-stock POLY at $15.5B FDV right now Kalshi sits at $20B, HYPE at $40B What's driving my thinking: • They made $40M revenue last month from prediction markets alone • Launching perps soon with crypto, stocks, anything • Their own L2 also soon • Marketing is excellent (Logan Paul and others) The gap to Kalshi and HYPE looks too big to me given what they're shipping What's I'm missing? So, far looks like no brainer to me tbh What you think?

NEAR is still one of the most underrated plays. Low DeFi TVL? Yes. But NEAR isn’t trying to win on TVL anymore. It’s becoming infrastructure for seamless cross-chain swaps via Intents. Users don’t even realize they’re using multiple chains. Fee burns → natural deflation. I’ve been accumulating NEAR. What’s the bear case?

Looks like it is connected with today’s attack on @litecoin

Noticing issues again with @NEARProtocol Intents (1Click Quoting stopped). Last time we saw disruptions (Apr 16–17), it coincided with the Rhea Finance exploit — resolved. So what’s causing it this time? Any update from the team?

@Testimony64 @LipeSolana let's connect :)

@LipeSolana Yes I am, who wanna connect with me?

are u verified on X? if yes let's connect and be friends!

@LipeSolana yes, let's connect :)

@ShadeLif3 @SolanaFloor @DriftProtocol dont wait for recovery token... with revenue they had before hack it would take 40 years to pay us back. Now income of the protocol will be much lower, even if you got your money in 100 years back, the inflation would eat everything meantime :)

@SolanaFloor @DriftProtocol Recovery token soon?

JUST IN: @DriftProtocol says it is aiming to relaunch its forked exchange in May or June.

@SolanaFloor @DriftProtocol Build whatever you want, but trust is gone. It's not just the exploit or the security fails (no timelock, 2/5 multisig). It's the horrific lack of transparency and ghosting users for weeks that showed your true colors. Hard to deposit where users clearly don't matter.

@PeterWong179151 @rhea_finance @KelpDAO @DriftProtocol Unfortunately, you are right, my estimation of 80 years was very optimistic

@ChainDigger82 @rhea_finance @KelpDAO @DriftProtocol Yeah, Drift does not care about users, only about their salaries... recovery plan is hilarious... they had 7M per year, now after exploit even if optimistic view, they may make 3M per year - part of it to recovery pool = 100 and more years

April DeFi Stress Test: A Tale of 3 Exploits Relentless transparency vs. Total silence. 90-100% recovery vs. 80-year IOU. @rhea_finance & @KelpDAO showed what "DeFi United" looks like. @DriftProtocol obliterated its reputation & damaged the whole ecosystem. Choose wisely.

@JKChe82 @rhea_finance @KelpDAO @DriftProtocol Yes, even if Drift make solid revenue, it would take so many years that inflation would eat everything over the years before we claim it back... I assume that those 2 who signed for hackers are still happily receiving their salaries...

@ChainDigger82 @rhea_finance @KelpDAO @DriftProtocol Happy for you bro, that you got your money back fron Rhea back. My money in drift lost forever