TogTurtles 👑👑

@DavidSacks AI is going to make 2-income households into 1-income households? Why? Layoffs?

Based Bezos is awesome

@garrytan @RepFine Aren't you also Canadian?

@RepFine Wait, are you calling me an agent, or Sanders & AOC? Or both? I'm confused!

How to say you’re a Chinese agent without saying you’re a Chinese agent.

@AirdropGlideApp I think it would be a challenge to not buy something to drink. All the apps are thirst inducing foods.

You're telling me that 4 people enter your establishment, eat an unlimited amount of food, and then split a check for $9.99? Can we get a Buffalo Wild Wings in the UK please?

@AirdropGlideApp What's your recommendation for the best way to move off osmosis or swap to something else?

The un-transferrable wBTC.osmo is up to 62% of the BTC alloy on Osmosis now (from 57%), as most of the wBTC.atom has been removed. Don't be left holding the bag!

@duonine @aave This happened to many Cosmo related projects like $MARS and $UX

🚨 I don't think people realize how bad things are at @aave right now. All core markets are at 100% utilization, that includes $3 bil in USDT and $2 bil in USDC stuck! That means you CAN'T WITHDRAW your money! A long post on why and how we ended up here. When the rsETH exploit happened and AAVE incurred bad debt, whales like Justin Sun, MEXC exchange, and others immediately withdrew billions from AAVE. This instantly drained all available liquidity in key core markets like ETH, USDT, USDC and so on. Those first to withdraw got out, laggers got trapped. Initially, the ETH market hit 100% utilization, meaning you could not withdraw your ETH from AAVE. Worse, this also means the protocol can't process ETH liquidations should ETH price fall/crash. If you can't sell any ETH, you can't liquidate to cover debt obligations. That means the risk of more bad debt incurred by AAVE is increasing the longer its markets remain stuck. Nevertheless, users can still sell at a minor loss the aETHwETH tokens on Uniswap or similar aggregators. That exit door is the last one remaining for ETH depositors on AAVE. The same cannot be said by depositors of USDT and USDC. They are stuck. That's because AAVE lost over $6 billion in liquidity in the past 24h. As whales took out their money, USDT and USDC also hit 100% utilization. These markets are now also stuck with money locked. Panic is spreading and desperate times call for desperate measures. Some users decided to borrow against USDT/USDC and exit via other markets at a 10-25% loss (90-75% LTV). Basically you borrow GHO/DAI/USDe against your locked USDT/C. But as more liquidity leaves AAVE, more markets get to 100% utilization and get locked/stuck due to low liquidity. This is quickly cascading across all available markets. Luckily the crypto market was rather flat today so liquidation risks were marginal, but if things change there are billions in stablecoins and other assets locked on AAVE that can't process liquidations = more bad debt for AAVE. If users or related protocols that are stuck need access to their money to prevent liquidations or other critical function, they have a huge problem on their hands. Plus, nobody wants to deposit (or provide liquidity) in these markets now since your ETH, BTC, USDC/T could be stuck there for who know how long. As soon as any available liquidity is made available, it is instantly taken out by bots fighting to get out. As I wrote this I saw 250k in liquidity on USDC vanish in seconds. Then there is the bad debt question. There's over $200 mil in bad debt incurred by AAVE via rsETH that's like a hot potato. Nobody knows who will eventually pay this bill. If you didn't remove your assets from AAVE, you risk receiving at least part of that bill in some form. Not having access to your money is part of that risk too. Contagion is also extremely high. Many protocols and apps rely on AAVE for their earn mechanics. These protocols and their users are stuck too and may be forced to incur bad debt with no fault of their own. October 10th was a CEX driven crash, this is a DeFi risk mitigation failure of epic proportions. AAVE should have never onboarded rsETH as a collateral asset, at least not to the size of hundreds of millions that allowed the hacker to walk away (i.e. borrow) over $200M in ETH after posting fake collateral. Rumors on X are saying rsETH was onboarded by AAVE due to a conflict of interest (lobbying) by a given service provider. If true, this is a major failure of its governance structure (nothing new). The folks at @KelpDAO who manage rsETH also have a tough decision to make on who will actually pay for the $200M exploit. AAVE users? L2 rsETH users? Everyone affected gets a haircut to account for the loss? The AAVE team and its founder, Stani, have been quiet for over 20h since the exploit after initially announcing the rsETH market freeze. They have a pretty big problem on their hands since the whole protocol is at risk right now. Trust is already lost as AAVE is bleeding billions in TVL to the level of hitting 100% utilization on all core markets. Maybe some key actors in the space will step in to provide liquidity to stabilize the markets on AAVE before this gets even worse. I got lucky to get out of AAVE early when I first saw this. I also removed all assets from DeFi and will not touch any protocol in the next few weeks. Too much risk for a few percentage points in yield. If you found this informative, like, share, and follow @duonine

@Molson_Hart If UBI just covered essentials like food or living, people would still want more. I think people would get bored and jealous of their neighbors and want to get something better or nicer.

Universal basic income will never work. Cash payments from the government turn people into depressed Netflix watching TikTok scrolling societal parasites. In this 2070s utopian fantasy where we have this excessive output, government can create jobs instead of UBI salaries. Even if a futuristic robot can do the job, a human can help and provide a smile. Deep down inside us is a need to help others. If we don’t do it, we rot. And where would you rather live? In a country where people earn what they need through work or in one where they just get it for free, no work or contribution to society required? The answer is obvious.

@zmanian Won't the hostile takeover need some of osmosis team to agree to it as well?

The Cosmos Hub should consider a hostile takeover offer of Osmosis. forum.cosmos.network/t/cosmos-hub-g…

@AirdropGlideApp It's a race to the bottom at this point. Both projects are becoming less valuable, and it's only a matter of time before they do this dance again.

Hands up if you think Osmosis is going into the famous Cosmos Maintenance Only Mode? 🙋‍♂️

@osmosis Are we going to move to another chain?

The Cosmos Hub proposal to integrate Osmosis narrowly did not pass governance. While this is not the outcome we thought was best for Cosmos, we want to thank the community, validators, and everyone who engaged deeply with the discussion. Osmosis continues to operate as an independent and profitable chain. Over the coming weeks, we’ll be working through the next phase for Osmosis, with user safety and continuity as the top priority. We’ll share more details on next steps for both the protocol and the team soon.

@laurashin Justin shouldn't be complaining too much. He should consider it as the cost of getting SEC charges dropped.

I've seen a lot of crazy things in crypto, but this might be one of the nuttiest??

@AirdropGlideApp The hacker destroyed a legacy chain and only got $240k... It's so sad on so many levels.

Wow. So many exploits this month. DOT is in a strange place at the moment. Like ATOM, it benefits from being one of the old "dino-chains", but shares the similarity of having next to no ecosystem left either. Pray this doesn't happen to the Cosmos Eureka bridge on Ethereum.

@WuBlockchain $237K? That's just so sad on so many levels.

Just In: Hackers minted 1 billion DOT tokens on the Ethereum mainnet and then sold them off. According to Certik, the attack was primarily due to a Hyperbridge gateway vulnerability, which allowed attackers to forge messages and manipulate the administrator of a Polkadot token contract on Ethereum, profiting approximately $237k.

@gumsays Some wins are not just about profit. Pardons are invaluable.

I analyzed the top 10,000 holders of $WLFI and this is shocking Found PNL data for 4,898 wallets that hold WLFI on Solana > Out of 4,898 verified wallets, 4,719 are at a loss. > 74 are in Profit. In other words, for every 1 real person that is in profit, 63 are at a loss. The WLFI team is rumored to have made hundreds of millions, yet only a few of its holders are in profits

@MarioNawfal It's the "You can't fire me because I quit" strategy.

🇺🇸🇮🇷 Hours after the Islamabad talks collapsed, Trump shares an article about his "trump card": a full naval blockade of Iran, the same strategy he used to weaken Venezuela before Maduro's ouster. A naval blockade would choke off all remaining Iranian trade, not just oil, and could be enforced by the three carrier strike groups already in the region. But Iran isn't Venezuela. Venezuela had no ability to close an international shipping lane. Iran still controls the Strait of Hormuz and just promised to continue "sacred defense by any means necessary." A blockade of Iran could trigger a counter-blockade of the Strait, which would take the global economy from crisis to catastrophe. The Venezuela playbook worked because Maduro had no leverage. Iran has the most important chokepoint on earth. Blockading a country that can blockade you back is a very different game.

@Molson_Hart There is so much potential with Legoland. The parks aren't doing the brand justice.

Lego used to run Legoland. It licensed the brand to another company which now runs it. This has been celebrated as a genius business move which not only allows them to focus on their core business but generates lots of cash. Maybe it was a good move in 2005, but today Lego is not only the biggest toy company in the world, but also has successful retail stores and produces its own movies. The Legoland I went to was not only not on-brand. It was magoo. There were times where I honestly wasn’t sure if I had left Legoland, it was so not Lego. And Legoland tried to sell me a $55 pizza which they didn’t even bake in the restaurant. But I digress… Licensed out Legoland might make money but it cheapens the brand and actually harms sales in a way that cannot be measured on any financial document, especially if you don’t know they license their brand out. Lego is the biggest toy company in the world making $3 billion usd + in net profit per year. Buy back your parks already. It reminds me of Apple being too scared to release a car. Companies in the West care too much about making money every single year. That’s not the point of running a company and never was. This “gotta raise prices and lower quality for shareholders” stuff is so whack. “Fiduciary duty”? What about the duty to your soul to do something great? C’mon Lego, you’re better than this. We all are.

HOW IS NOBODY TALKING ABOUT THIS!?!?!?!? THEY PRINTED 5 BILLION OF THEIR OWN TOKENS THEN WITHDREW IT AS USDC!?!?!?!??!

@Cito_Zone This merger should have happened from the beginning. The only use case for $atom was airdrops.

The Biggest Cosmos Proposal Ever? Sunny on the Osmosis Merger x.com/i/broadcasts/1…

@aakashgupta One of GPT's unique offerings and strengths was video and images. It seems like they want to give up on a core strength and start on something else that may or may not work.

OpenAI just exited the video generation business entirely. App dead. API dead. No video inside ChatGPT. Disney’s $1 billion deal, signed four months ago, is dead. Read that again. This isn’t a consolidation into the super app. Altman told staff Tuesday that OpenAI is winding down all products using video models. Disney’s own statement says they respect OpenAI’s decision to “exit the video generation business.” The Sora research team is being redirected to robotics. The reason is sitting right there in the competitive data. Anthropic hit $19 billion in annualized revenue by early 2026 selling text and code. No video generation. No image generation. No consumer social app. No Disney deal. One product surface: chat, code, computer use, all in one place. OpenAI looked at where every dollar of market growth was coming from and saw the answer: coding and enterprise. So now they’re copying the model. ChatGPT, Codex, and the browser merge into one app. Instant Checkout killed today too. Every consumer experiment is getting cut. What remains is the Anthropic playbook: one app, code and chat, enterprise and developer focus. The Sora numbers explain the urgency. Total consumer revenue across iOS and Android since September: $1.4 million. Peak month was $540,000. Every video generation burned GPU compute that could have been running inference for ChatGPT or Codex instead. OpenAI’s own head of Sora announced generation limits because chips couldn’t keep up. At $14 billion in projected 2026 losses, every GPU matters. Google just inherited the AI video market by default. Nano Banana already lives inside Gemini. No standalone app to manage, no separate brand to support. Among the majors, they’re the only ones left. Runway, Kling, Minimax, Luma, and the other independents are still shipping, but none of them have Google’s distribution. Disney put $1 billion in stock warrants on a product that lasted six months. The deal was announced in December. Characters from Marvel, Pixar, and Star Wars were supposed to be generating fan videos on Sora by now. Instead, Disney is writing a polite press statement about “respecting OpenAI’s decision” while its legal team unwinds a deal that never produced a single licensed video. Four months from billion-dollar partnership to obituary. That’s how fast the AI product landscape reprices when the unit economics don’t work.

@soraofficialapp This is a terrible idea. So many consumers signed up to chatGPT for the image/video feature. Without this, GPT doesn't have anything that is unique.

We’re saying goodbye to the Sora app. To everyone who created with Sora, shared it, and built community around it: thank you. What you made with Sora mattered, and we know this news is disappointing. We’ll share more soon, including timelines for the app and API and details on preserving your work. – The Sora Team

@Scaramucci If he had children he might think differently.

Needs to retire. . .