

riddler
9.4K posts

@RiddlerDeFi
Spiritually bridged & Shitposter Alchemist / Retired DJ & Co-founder @vc_strvcture



JUST IN: $150,000,000 worth of crypto shorts liquidated in the past 60 minutes.

Crypto cards now are where prediction markets were in June 2024. There are roughly 500M-600M crypto owners worldwide. Eventually, most of them will need their magic internet money for paying rent. P2P is broken. Offramping to banks is a legal nightmare. Crypto cards & neobanks are the most seamless and secure way to offramp and instantly spend your crypto. This is a trillion-dollar gap that has to be closed. I can see this number easily 10x in the next 12 months.

Today, we're announcing an $18 million Series Seed, led by @neo and @leftlanecap, with continued support from Paradigm, General Catalyst, and other top VC firms — bringing our total raised to over $25 million.

🔥 LATEST: TON Tech launched Agentic Wallets on TON, allowing AI agents on Telegram to hold funds and transact onchain without approval for every step.









Day 490: Recently I’ve noticed a shift in Polymarket valuations for pre-TGE projects. For months, almost every crypto project was overvalued on Polymarket. I made 6-figure profits just buying NO. But recently, things flipped. A lot of projects are now being undervalued, leading to unexpected outcomes. For example, people who bought $CHIP above an $800M FDV ended up with a 166x. Most projects launched in the past few weeks at FDVs way higher than Polymarket predicted. Feels like we’ve reached a point where it’s more +EV to bet on higher FDVs instead of lower ones. Maybe it’s time to make an AlwaysYES account🤣






The Arbitrum Security Council has taken emergency action to freeze the 30,766 ETH being held in the address on Arbitrum One that is connected to the KelpDAO exploit. The Security Council acted with input from law enforcement as to the exploiter’s identity, and, at all times, weighed its commitment to the security and integrity of the Arbitrum community without impacting any Arbitrum users or applications. After significant technical diligence and deliberation, the Security Council identified and executed a technical approach to move funds to safety without affecting any other chain state or Arbitrum users. As of April 20 11:26pm ET the funds have been successfully transferred to an intermediary frozen wallet. They are no longer accessible to the address that originally held the funds, and can only be moved by further action by Arbitrum governance, which will be coordinated with relevant parties.