Shiro

Since the war started on Feb 28: - BTC up 26% relative to Gold - BTC up 12% relative to S&P500 Promising early signs for crypto, right when the entire industry capitulated near the bottom. Betting on BTC to climb the wall of worry while everyone's sidelined or positioned short.

Bittensor is finally having its moment ​ BUT it's still hard to access + even harder to understand ​ This handbook breaks down - How Bittensor & subnets actually work - How TAO vs Alpha pricing moves - How to evaluate subnets (signal vs noise) - How to get started + position capital - Which subnets are worth attention ​ Dive in

I feel everyone is overlooking the next 10M+ runner while it's sitting arround 650k marketcap. > @worldnetwork founded by Sam Altman (OpenAI CEO) just announced their Agentkit and it's powered by @base and @Cloudflare. > @instaclaws is the first ai agent from Agentkit built by @coopwrenn and got mentioned by Worldcoin. Instaclaw is the first AI agent platform to ship full World ID verification and it's the biggest live integration of @worldnetwork proof of humanity tech into the agent economy right now. Will leave a good post in the first comment made my @deepseektetra for you to understand how big this is. Some chads: @0xdetweiler @game_for_one @TheCryptoKazi @CryptoGideon_ @0xUnihax0r @Flynn_howitt @SpennyCrypto @crypto_popseye @KAPOTHEGOAT01 @medbdy @SharkSociety_ @CryptoKaduna @0xSammy @0xSleuth_ @Prateek0x_

You don't need to read for long to feel bullish about the new EF mandate. Literally in the first page EF frames $ETH as self-sovereign "store of value and money" in an environment where "one’s money arbitrarily inflated away, frozen or simply expropriated are so high." That's Bitcoin's territory. It's the opposite to their previous infinite garden slop. Moneyness is the highest status an L1 token can reach. Only BTC has any claim to it today. No other L1 besides ETH has a chance at it right now. Because if L1 teams decided to 'retire', their chains would die. Ethereum is still at risk of it today. That's why their "walkaway test" with a "thousand-year horizon" is strong goal: EF wants Ethereum to keep running if the Foundation disappears. Same as BTC.. or gold. I feel like I'm opening a Pandora box once again comparing BTC vs ETH when it comes to money, but if they achieve their CROPS framework goals, ETH would be da best money. The second weakest point is their claims on privacy. both BTC and ETH are open by design. Ray Dalio even said that central banks won't buy BTC because BTC lacks privacy and it won't be fixed, ever. Ethereum's isn't any different today. But it can, and will change. Privacy is also a key selling point for multiple new corpo-slop L1s and I'd love ETH to kick their asses. Overall, ETH doesn't need to compete with other chains by fees spent, transaction speed etc. Other chains will win against Ethereum in this competition. But other L1s can't compete with ETH when it comes to Censorship resistance, security, and moneyness factor. Add privacy and we have a jackpot. This is the highest upside game IMHO.

Congrats to everyone who held onto their crypto x AI coins. Billions of agents are about to come onchain to transact trillions of dollars. Imagine owning the rails.

Are we really going to run back the Bitcoin halving playbook, with TAO? I'd recommend reading @YumaGroup's latest Bittensor (volume 2) report: I'll link their report below

@thelearningpill Yeah indeed

@CryptoShiro_ the game looks fun, just a matter of how long this sustains

Seems like the trenches are back, at least for a while. 🫡 But things go fast in the trenches. Projects have to adapt fast, and usually the first big dip means it's over for them. That's what I thought would happen for $BEAN, but it seems like it could catch some volume again ↓ ----- $BEAN is up 60% on the daily, after being down 90% from ATH. Still $BEAN is only ~$1M Mcap. ATH was $7M. We've seen ponzis like ORE go to $250M. We've had DeFi games run it way higher. And @minebean_ is a good DeFi game. We're in different market conditions but we could run it back to $7M. Anyway, I'd rather take the risk now that we're down a lot. Upside potential is better. That's why I waited for a bottom to post this. @minebean_ is a gamified mining game on Base where players compete in 60-second rounds to win ETH and BEAN tokens. It's ponzi-like mechanics. But it generated $700k in revenue on the weekly. ✦ How it works? The game runs on a 5x5 grid (25 blocks). Players deploy ETH on a block they think will win. After 60 seconds, one block is randomly selected on-chain as the winner. ETH from losing blocks is redistributed to players on the winning block, proportional to their stake. Fees: • 1% admin fee on all deployed ETH • 10% vault fee taken from the losing pool Token rewards: • 1 BEAN is minted every round and awarded to a player on the winning block. There is also a 50/50 chance that it gets split among all players on the winning block. • A Beanpot jackpot can trigger randomly, distributing a large BEAN bonus. Roasting mechanic: • Won BEAN start as "unroasted" tokens. • Claiming them applies a 10% roasting fee. • That fee is redistributed to players who keep their BEAN unclaimed, rewarding patience. So @minebean_ mixes on-chain randomness, PvP staking, and delayed-claim tokenomics to create a DeFi game where strategy, timing, and patience affect rewards. ---- It wouldn't surprise me if $BEAN has another run. There is a strong rebound from the bottom right now. Why do I think it still has potential: • Usually token from the trenches like that, especially on Base, would not recover from such a dip. Yet Bean is showing strength again • Many people missed it and were looking for an entry • It still is top 2 revenue on the weekly, on Base • 60% of the supply locked • 20% of the total supply has already been burned • $15M+ in volume • $1.5M+ in protocol fees, all of which went to $BEAN buybacks and stakers • @minebean_ launched AI Agents running strategies on it. They have the will to innovate • Not many runners in this market, so the few good runners have better visibility And they keep on building, so it could be one of these trench tokens that makes a comeback. This is the kind of plays that the community could run back, especially since many were sidelined, but there is no guarantee of course. I'm taking the risk, already up from yesterday anyway. It's trench token so be careful, NFA & DYOR! 🫡

Did you read our report on “Bittensor: The Intelligence Olympics”? The five subnets covered in this report are evolving at breakneck speed @tplr_ai just finished a 72 billion parameter model training run closing the gap on frontier models Follow @KhalaResearch for more reports

THE @MorphwareAI SCAM! 🚨🚨🚨🚨🚨 Before you start reading. Like, retweet and bookmark please. This needs to be seen everywhere! I stayed quiet for a long time, but people deserve to understand what happened around Morphware and why so many holders lost money. In my opinion, Kent Trabing, also known as Kenso Trabing, ran one of the most deceptive crypto operations I have ever been close to. I know this because I worked directly with him. I was lead of marketing for Morphware from December 2024, with two short breaks in between when I stepped away. I came back because I genuinely believed this was a real infrastructure project and not the kind of project that would collapse like this. Looking back now, the red flags were there all along. At the time, I gave the project the benefit of the doubt. Startups make mistakes. Delays happen. Communication can be messy. But this was not normal startup chaos. This was something much darker. Before I continue, I want to be clear about one thing. Everything I am saying can be backed up for authorities with screenshots, screen recordings, messages, and supporting material. Also, information that was supposedly under NDA was repeatedly shared by Kenso himself with many other people in private messages. A large part of what was treated as confidential was already being circulated by him. That is one of the reasons I am speaking now. My journey with Morphware started in December 2024. I was an early buyer and wanted the project to succeed. And like many people in crypto know, when you have influence, you also try to help your bag perform better. So where did it really start going wrong? For me, the first major warning signs came in April during the so called 30 days of alpha campaign. I quit on day one of that campaign because it was obvious to me that it was not real alpha. The story being told publicly did not match what was actually there. Around that time, Kenso was heavily implying that Morphware had signed major global brands like Nike, Jordan, Volkswagen, Porsche, Honda and others. He posted a photo of himself in front of a wall of branded shirts, creating the impression that he had secured major partnerships. The messaging around it, including references like Just Do It, was clearly designed to make people believe these brands were now clients. Later, I received screenshots from people who did basic research and found that the same setting was connected to Zavidoro, a Paraguayan importer and distributor for international brands entering that market. That changed everything. It appeared that Morphware had not signed those major brands directly at all. What existed were AI pilot discussions or small experiments through a distributor, not direct high value brand partnerships as the market was led to believe. That is also why announcements were always phrased carefully around meeting a representative of the brand. In hindsight, that should have been a huge warning sign. Then came the tax and treasury mess. At one point, the team told the community that the project had not raised 7.8 million dollars, but only 5.8 million. The explanation was that they had swapped collected ETH near the lows because they needed funds, supposedly for a 1 million dollar miner order. But in reality, that order was reportedly canceled, and only around 40 miners were ordered instead of the 200 plus miners people had in mind. There was no transparent update. There was no honest explanation. There was no clear accounting of where the money really went. The story kept changing, and the community was expected to just accept it. By June, the token price had crashed back toward 2 cents. Around that time, I got pulled back into the project after an argument on X about the team not even locking their own tokens. Kenso contacted me directly, and we spoke about reviving the project. I made a new marketing proposal based on ideas I had already shared before but never got approval for. That is when I signed an NDA and got pulled back in to help rebuild sentiment around the token. I genuinely believed there was still something real underneath the mess. That is where the famous 08 narrative came in. Based on the information I was given, I created a riddle campaign with hidden clues about Morphware’s future. The most important clue was 08, which pointed to 08 08 2025. I was told the contracts were signed. I was told the deal was locked. I was told nothing could stop it. This was presented to me as a deal that would drive around 0.8 BTC per day into buybacks. That kind of number would obviously make anyone bullish if they believed it was real. Then 08 08 came and nothing happened. There was a delay. Then more delay. Then more excuses. And later it became clear that the signed deal story was never what it was made out to be. I was also told stories about major backing from the UAE, royal family involvement, and expansion plans that would make Morphware huge in Paraguay. But when I asked for the material I needed to market those claims properly, it never came. No proof. No documents I could use. No clarity. Just more promises and more future talk. Another major narrative was the Strategic Bitcoin Reserve angle for Paraguay, with Morphware allegedly tied to huge mining plans involving 30,000 miners. Again, the story spread widely. And again, I later found out that Kenso had been sharing variations of this information with many people privately. That mattered for one reason. When you leak exciting inside stories to a wide group of buyers, you create hype. When people buy based on that hype, someone on the other side can sell into it. That is exactly what this started to look like. At one point, after pressure from the community, the tax was finally removed. This only happened after a huge amount had already been collected through taxes. Even after that, new seed wallets kept appearing and selling. At first, we thought it might be Andrew Eddy. Then we were told it was him. Then later we were told it was someone else connected to the project since 2021. The explanations kept changing depending on the day. That alone should tell you enough. Then Q4 came and went. All the big news that was used to keep people hopeful kept getting delayed again and again. The 08 story was pushed back once more, this time because some AI bill supposedly had to pass first. By then, communication had collapsed again. The moment the tax was off and retail trading no longer directly fed the machine, Kenso and Khurram faded further into the background. Community communication got worse. Transparency got worse. And trust kept eroding. Then I tried to help one last time. I gathered whales and helped organize a 152,000 dollar miner order, with the clear condition that Kenso would place the order quickly and provide proof. He agreed. Then the delays started. Five days passed. Still no order. Then we were told the order had been canceled because they thought they could get more miners another way. A few days later, the proof shown on X was not an invoice, but a letter claiming 31 miners had been ordered. That was a massive red flag. From everything I later learned, miners like that are generally shipped fast, which made the cancellation story sound highly questionable. To me, it looked like the market and the whales had once again been sold a story that did not line up with reality. After that, I proposed a new token structure that could have actually helped the project survive. My proposal was simple. 50 percent for buybacks and burn 25 percent for LP 25 percent for treasury That would have supported price, strengthened liquidity, and still given the company working capital. It was rejected. Why? Because the treasury share was too low. The team wanted more money. That told me everything about priorities. Then came the supposed 40 million dollar energy resale deals. This was another huge narrative pushed into the market. After the announcement, I was suddenly no longer allowed to talk about it. I was told it was too political and sensitive. Then, two months later, I received leaked screenshots showing that those energy deals were already off. Think about that for a second. I was the marketing lead, yet I was not informed that one of the biggest narratives I had been helping push was apparently dead. That raises a very serious question. Were those deals ever real in the form they were presented to the public? Because if they were real, why keep your own marketing team in the dark? After that, things unraveled quickly. The parcel idea came next, where the project wanted to raise 4 million dollars around land and infrastructure concepts that, in my opinion, made little practical sense. Both me and Ugluuk advised against it. It happened anyway. Then came the BSC move with advisor Simon. Again, we advised against it. Again, it happened anyway. At that point, we could no longer support the direction of the project. I publicly said I stepped away because they were moving in a direction I could not support. Then the final piece dropped. Research from people in my TrashTalk circle showed that Kenso himself appeared to be behind a large part of the sell pressure after the tax was removed. The key detail was this. Some of the seed wallets received ETH from a wallet linked to claiming tokens, and that same wallet was connected to deploying the old MWT token. Once that connection was made, the full picture started to make sense. The hype. The leaks. The delays. The fake urgency. The insider stories. The constant narrative changes. It all looked like a machine built to create buying pressure while unloading into the market. Even calls I was forced into with supposed seed investors now look very different in hindsight. One of them turned out to be far less independent than presented to me. Then came the truth around the 08 announcement. After almost 9 months, what was originally framed to me as a signed 0.8 BTC a day deal became a weak MOU with a 30 day termination clause and no direct value for holders. That is not a delay. That is not bad luck. That is a completely different reality. And the 30,000 seized miners story? That turned out to be tied to a public tender process where multiple companies could apply, not some exclusive secured Morphware position. That was game over for me. By then, me and Ugluuk were out, and the next move was a relaunch with a new token. New token. New story. New promises around ownership and buybacks. Same people. At that point, I learned that a new advisor had allegedly been told that all the streams were sold to fund a 2 million dollar liquidity pool for the new token. What actually happened? Only around 14,000 dollars was done. Again, the people coming in were told one story while reality looked very different. That is why I am writing this now. Because many holders still do not know how deep this goes. Many people only saw the surface level failures. What I saw from the inside was a pattern. A pattern of exaggerated claims. A pattern of selective leaks. A pattern of fake confidence. A pattern of pushing narratives that did not hold up. A pattern of extracting money while the community was being kept hopeful. In my opinion, Kent Trabing, also known as Kenso Trabing, scammed this market. People should also look into the damage linked to NKP that has been discussed by others, and the connections around Read_VU involving Khurram, Kenso, and former team member Darsjan. And now there are talks about a new stablecoin tied to the Paraguayan guarani.🚨🚨🚨🚨 People need to pay attention. Because if this market keeps ignoring patterns like this, the same people will keep coming back with a new token, a new story, and a new way to extract from the next group of believers. @ANDEOficial @FelixSosaPy Stop doing business with these scammers. We share proofs in my channel; t.co/nJxuWjCBld

@Phoenix_Ash3s Same bro, stay strong 🫡

A little open letter… I’ve been publicly bullish on $XMW for a long time. That wasn’t a narrative, a paid promotion, or whatever. It was my genuine belief based on the information available at the time. What happened is simple: the team rugged & betrayed everything and everyone, leaving a shitload of damage behind… I’m beyond angry, disappointed, and honestly devastated, just like many of you. To those who trusted my perspective, I’m really sorry this happened. My intention was always to share honest analysis and opportunities I personally believed in. This was in fact my absolute number #1 long term play… Trust is harmed BIG TIME and justice will come, karma is a btch For now, I’m stepping away from crypto for a while. Situations like this remind us how important integrity is in this space and how damaging it is when it’s broken… I appreciate everyone who has been part of this journey with me🔥 Phoenix

After all, it seems like $XMW @MorphwareAI was a scam. I will not delete my posts about $XMW, of course. I clearly showed I was still bullish on it, and everything collapsed in just a few days. I'll own my mistakes. Overall I lost over $50k in this scam. Still a pretty bad hit, even if I know many got it worst, losing 6 figures, and I'm sorry for them. It shows that convictions are even more dead in this market. So what happened? First of all, I invested in $XMW like 1.5 years ago, when the token launched. I almost never sold any token, that's why I'm down $50k. I only sold a bit on the way down when we entered the bear market, as I was not confident in any alt performance, not just $XMW. But I was already down a lot, and I bought back lower afterward, which could have been a good idea. It wasn't. I never sold any top either, unfortunately. At some point I had maybe $150-$200k worth of $XMW. I sold all of it for $2k worth yesterday lmao. I'm sorry for everyone that followed me in this investment. I know some made money, as our first buys were in the $5-20M range, and $XMW topped at $150M, and then made another upside move to $110M, and afterward stayed for a long time in the $20-50M range. But I'll be honest, probably most of you who invested in $XMW lost money like I did. If you did, I'm sorry. I've had convictions plays in the past, as I've been here for a while, many played out well, like $AXS, $PENDLE, $MNT, $HYPE, $VIRTUAL, ..., that's why I'm still here in 2026. But $XMW is a one of those projects I had real conviction in for months, that ends up going bad. We have to have some I guess, but this one is tough. As I've said before, I'm 70% in stablecoins, 20% in BTC, and 10% in altcoins, I sold most of my bags back in November/December. So $XMW was just a small share of my small altcoin portfolio. And I advised people to do the same. But I also advised people to accumulate more $XMW and that it would pump in the next bull run. Because the fundamentals were strong, and I had convictions. I always say NFA & DYOR, but I don't think any amount of research could have helped figure out what was happening on the inside. On paper, the fundamentals were strong, and I would probably make the same mistake and accumulate in the same situation: • Real-world business • < $10M Mcap, was once at $150M • Bitcoin Mining • Real infra • Real edge • Energy control • Just signed a partnership with the Paraguay Government • Blah blah blah Fundamentals were good. But fundamentals are as good as the leader of the project, and the team behind it. FTX also had strong fundamentals back in the days, it was the top 2 CEX, I also lost money in that scam. And many crypto projects had strong fundamentals and ended up to fail, or even scam. After all we trust a team, and the human risk is big. People are greedy and crypto is a space where it's unfortunately easy to scam people and get away with it. Anyway, what I wouldn't do nowadays however is ignore: The bad vibes from the community, the secret things that seemed to happen in the background, with whale groups and secret groups, the constant changes in the team and direction, how they probably wasted huge amounts of money for the TOKEN2049 thing in Dubai, how they made us believe they had rich investors from the UAE but never showed proof, the fact that they tried so hard to be listed on some serious CEX and failed to do so, the fact that the token wasn't really useful and mostly a cash grab, the way that many whales got out (probably they knew something I didn't),... Honestly I'm not even sure Kenso is a full-blown scammer, and that he really did plan all of that, stole the fees, enjoyed in Dubai with that money, did scam the $NKP team. I think he is, but I can't be 100% sure. In case you missed it, here is the whole story: 🔗 x.com/CryptoHass/sta… But one thing is certain, Morphware is terribly managed, the situation is atrocious, the $XMW to $MW transfer was done at the worst time possible, when FUD was already so high, only announced on Telegram, in a channel with a locked chat, not even on X, introducing taxes again on the new token, with no consideration for the holders. Even if it's not a scam, things are looking awful, and once trust is lost in crypto it's so hard to regain. We live and we learn. I just lost money, and learned a valuable lesson. (ngl I'm tired of valuable lessons in crypto, I've learned many already) What can I say now, we move on, and we'll make it back! 🫡

@Manwifhat @MorphwareAI Yeah I feel you. Sometimes it's L after L... Things get better at some point but it's hard to not get wiped out before that.

@CryptoShiro_ @MorphwareAI Sorry you lost brother. Me too. Crypto has mostly sucked ass since I joined.

@Crypt0_AI @MorphwareAI Wow tough one, I'm so sorry for you. We'll make it back and more 🤝

@CryptoShiro_ @MorphwareAI This one hurt the most out of my 9 years in crypto but agree with everything you said. We all know the risks of crypto, lost 6 figures personally.

@digitalslowmad @MorphwareAI You've had a good gut feeling on this one 🫡

@CryptoShiro_ @MorphwareAI Respect for owning the L I would have bought in too but the ceo just never passed the smell test On paper the business looked good, but upon watching his interviews I got a sense that something isnt right

@TeachingCrypto Bad habit but still a better habit than being a diamond hands ahah. Yeah apparently NKP dumped because of Kenso, hopefully it goes better for NKP now that they got back the contracts.

@CryptoShiro_ I have the bad habit of selling too early on my holds, worked out in this case but still took a decent hit holding nkp (they were apprently dumping that chart to the ground as well)

@YashasEdu @MorphwareAI Thanks for the kind words bro 🙏

@CryptoShiro_ @MorphwareAI So sorry for the loss bro. You’ll make it back 10x times more. More strength

@atoms_res @MorphwareAI Thanks bro!

@CryptoShiro_ @MorphwareAI Respect for owning it publicly Tough lesson