This is exactly what I’ve been warning about for years.
$292 MILLION stolen in a single day… on Ethereum infrastructure. And no, this isn’t “bad luck.” This is what happens when people put money into systems they don’t actually understand.
Then come the panic withdrawals, the outrage, the blame… but when you talk about structural risk, nobody wants to listen.
I don’t feel sorry. This is market selection at work.
Meanwhile, on Cardano, every protocol inherits the base-layer security of $ADA.
Don’t take my word for it.
Go to DeFiLlama → “Hacks” section
And check how many Cardano protocols have been exploited.
Exactly. 😉
⚠️ALERT: $AAVE is now down -19% today after a $292M Kelp DAO rsETH exploit triggered a full-blown liquidity crisis.
Aave's ETH pool just hit 100% utilization. That means one thing: there's almost no ETH left to withdraw.
Here's what happened:
Attacker drained 116,500 rsETH ($292M) from Kelp DAO's LayerZero bridge
He then deposited the stolen rsETH as collateral on Aave V3 to borrow ~$236M in WETH.
Because the rsETH is now unbacked, those positions are unliquidatable.
Aave is now stuck with ~$280M in bad debt it cannot recover.
Panic withdrawals have followed: $5.4 BILLION in $ETH outflows, with Justin Sun pulling 65,584 ETH ($154M) alone.
ETH utilization has maxed out at 100%, which means there's almost no ETH left to withdraw.
This is the FIRST real-world test of Aave's Umbrella safety module & the BIGGEST DeFi exploit of 2026.
This is a developing story.
@benjamincowen I'm afraid there is no way back. Celebrity culture will always win. Most people go by the feeling not logic. It is more productive to isolate yourself front this kind of people.
Someone could go to school for 4 years and study aerospace engineering, then get a PhD with a dissertation related to orbital mechanics, and some instagram influencer who watched a youtube video will be like "actually that guy is wrong" on a topic related to space travel and people will believe them.
I'm not sure how we got here, but I hope we go back to a society where credibility is earned with rigorous training in the associated field, not by a popularity contest.
@IgnaceNews@benjamincowen Arguing with a dumb person is pointless, as they perceive the point of the argument is to win it, and not to discover new things and form new views. Usually their argument is only "You are wrong! "
If you’ve won so bigly, why do you need to negotiate?
If you’ve killed all the key people, who do you negotiate the outcomes you don’t need to negotiate, with?
If you’ve previously negotiated in bad faith (twice attacking mid negotiation) why would the people you can’t identify to negotiate with on terms you don’t need to negotiate, want to negotiate with you?
@nicrypto There has never been any ethics in global scale only when you're come to smaller group size. The politicians and religions mention it but only as long as it serves their purpose and agenda.
Prediction markets just paid out on the timing of bombings and a political leader’s death.
Serious question.
Should permissionless markets be allowed to profit from events involving war & assassination?
Where do we draw the ethical line?
@joe4deadcat@cosmoslabs_io This looks like a new trend. Where the corporation uses the tech that was developed with support of the crypto "investors" and nobody gets anything. Maybe some deal in the background for the top people.
WELLS FARGO working with COSMOS?
Well, not exactly. 🤔
They just posted an engineering job for a Cosmos SDK / IBC / CometBFT expert.
Is this adoption? 🤷🏻♂️
The post says nothing about $ATOM.
No mention of @cosmoslabs_io either.
Wells Fargo is TAKING what’s been given out for FREE, with ZERO obvious benefits to token holders.
@defyneric Why do you need cash, except for illegal activity. @gnosispay or @metamask interact with Visa for payments with stable coins. It is good enough until the transition to pure stable coin payments.
@MilkRoad@nicrypto@t_gal11 We already have very bad software around. Now it is going to get much worse. The amazing thing is an average user does not know the difference between an app with bad code in the background.
@nicrypto@t_gal11 Yeah - why buy 'one size fits all' solutions that try to please everyone (and end up pleasing no one), when you can make your own, custom tailored solution with a few prompts and a Replit subscription
So it begins.
AI isn’t just lifting tech stocks anymore. It is starting to pressure them.
Nasdaq futures slip as investors pull back from the biggest AI winners.
Fund managers admit the spending might have gotten a little ahead of itself.
And now I’m reading strategists go industry by industry asking a simple question:
If AI starts cutting into profits, who’s still standing?
The fact that this is even happening is blowing my mind.
First came the euphoria.
Then the spending boom.
Now comes the audit.
And, keep this in mind - this auditing doesn't stop with tech.
It includes anyone whose edge was labour, pricing power or some distribution angle they thought would protect them.
When markets start pulling apart every industry like this, you know something’s gonna give.
What industry are you in, and are you worried at all?
“This is the best time to build. There have never been more non-stop bullish statements and more products shipping in the ecosystem”
- James from @stsssol
MASSIVE:
🇪🇺 Ethereum is being considered as a potential blockchain to launch the Euro stablecoin.
Governments aren’t asking if public blockchains work anymore.
They’re asking which one is good enough.
That’s a major shift.
Is @THORChain's native token $RUNE undervalued?
We think so
$RUNE bonders earn ~$50k/d → ~$18.25M/yr
Market cap is ~$140M.
So in ~7.6 years, bonders would earn the same as the entire network’s market cap!
On top, $RUNE bonders can stay liquid with $bRUNE on @RujiraNetwork!
The end of the memecoin phase won’t be the end of crypto.
It’ll be the beginning of capital flowing back into assets with staying power.
Excess gets washed out.
Foundations get rebuilt.
Bruh it's so boring to trade coins that live and d!e in less than 12 hours..
Ppl don't even bother to join the community groups of coins they buy, cuz they already plan to sell it a few minutes after.
We REALLY need to solve it, because nothing comes close to long term runners
Am I describing you?
Some people don’t use information to form sentiment in crypto.
Instead they use price to decide what information they’re willing to see.
Price flips a switch in their heads.
Up only, and suddenly they notice adoption, long timelines, smart money.
Down bad, and the same market feels shaky, broken, and manipulated.
I wouldn’t call the blinders ignorance, but more ‘selective attention’.
And that wide-angle optimism isn’t really wisdom, but ‘confidence returning’.
The news doesn’t magically appear during pumps.
It’s always there, but price decides whether you notice it.
So, is this you?
@CryptoSteveO1@rushicrypto Maybe the next bull run will be normal investors looking at fundamentals and not in new shiny stuff like meme coins. Just maybe
@rushicrypto Most definitely. Solana is in the top two in ALL user and revenue metrics. They have a great team, great ecosystem and great fundamentals.
As a Cosmos fan, it's pretty demoralising that a new chain can come along (MegaETH) and in less than a day have more TVL, than Osmosis, Neutron or Injective.
They even have more TVL than Osmosis and Injective combined.
Let that sink in.