Camila Russo

🚨 THORChain just lost $10.7M. The Asgard vault was compromised across BTC, ETH, BSC, and Base. Trading is halted. RUNE is down 12%. No post-mortem yet. Cross-chain liquidity protocols remain the most exploited category in DeFi. thedefiant.io/news/security/…

🚨 We're talking CLARITY ACT live in 10 minutes with Lewis Cohen (Cahill) @NYcryptolawyer Joseph Chalon (@Sharplink) @joechalom Join us! twitter.com/i/broadcasts/1…

Mispriced yields. Hidden risk. A mainstream test for DeFi. @camirusso is joined by @santiagoroel, @DanDeFiEd, and @cryptonomista to debate the question DeFi can't avoid anymore: are today's yields actually worth the smart contract, liquidity, and counterparty risk? This one gets into hacks, trapped liquidity, guardrails, why risk is still being mispriced, and whether DeFi is ready for serious institutional scale.

yeah I get your point and mostly agree, but don't think that's what the chart is showing - you could have lower fees, while still increasing revenue, if there's enough demand - chart highlights marketshare, so it's not directly reflecting that fees are lower because ethereum is scaling, just that others are making more revenue than ethereum (regardless of fees, as I understand many of the chains and projects included actually have lower fees) - there's a separate argument about sov: you could say, ethereum doesn't compete on revenue because its goal is to be the best sov -- but I understand it's built to be both, platform and sov, not just sov.

in the early years you see all orange, bitcoin fees. now bitcoin fees aren't even visible - no one worries about that, bitcoin is a sov. eth is also a sov. (though fewer have accepted this) eth investors shouldn't be worried about lack of fees. (they should be worried about lack of ETH demand) and the reason low fees is good (for both ETH and Ethereum) in this case is because it shows Ethereum scaling. fees are low not because there's no demand, but because L1 supply has massively increased - will be 7-8x in ethereum blockspace supply by glamsterdam. fees (MEV or transaction fees) only happen under conditions where demand exceeds supply, contention. so high fees can mean we're not scaling enough. in summary - i don't think eth should be valued on fees and i don't think fees in isolation show very much - like bitcoin in this case it means ethereum is scaling, which is good

crazy that ethereum is just a speck in that chart now

@RyanSAdams do you mean a good sign for the industry? shows growth, maturity etc?

@CamiRusso it's a good sign. same as bitcoin.

@0xAqueous @Solofunk @DefiantNews @AsadIshmael @Bitwise Thanks for reading!

@Solofunk @CamiRusso @DefiantNews @AsadIshmael @Bitwise tell her I said thx for the book that eth-pilled me

I'm live with @CamiRusso and the @DefiantNews! We are discussing all things crypto research with @AsadIshmael from @Bitwise. Different types of research, what has signal vs. noise, the impact of AI, and more. Tune in 🫡

Coinbase/Circle didn't even compete in Hyperliquid's native stablecoin vote in September (it was Paxos, Ethena, Frax, BitGo, Agora, and Sky), yet it still "won," except not by governance vote.

🚨 CLARITY ACT ADVANCED FROM SENATE BANKING COMMITTEE, NOW ONTO THE FULL SENATE Bipartisan final vote was 15-9 with two Democrats breaking ranks and voting in favor. But it's far from law Next up: 👉merge with the Ag Committee text 👉 resolve the ethics/conflict-of-interest fight 👉clear a 60-vote Senate floor threshold 👉 go back to the House 👉 survive Trump's desk. Timeline: best case, fall 2026

🚨 LIVE @ 12PM EST Crypto Research: Alpha or Marketing and Slop? Conflicts of interest, independent vs VC & PR-backed, effects of AI, and where to get alpha. W/ @AsadIshmael (Bitwise) @Solofunk (Serotonin / ex-Messari) @CamilaRusso (The Defiant) twitter.com/i/broadcasts/1…

DeFi United is raising 100s of millions. Are bailouts good for DeFi? W/ @DeanEigenmann @binji_x @divine_economyHosted x.com/i/broadcasts/1…

Should @arbitrum have frozen the Kelp hack funds? w/ @griffgreen @lex_node x.com/i/broadcasts/1…

lesson about podcasts: magic happens when you allow new ideas to emerge from the conversation itself, and that generally happens when you enable a discussion between people who don't 100% agree. have been hosting live conversations about the most interesting topics people are discussing in X threads -- bringing crypto twitter to life -- and it's been a blast. Beats the solo podcast most of the time, imo, and want to do more. lmk your feedback. latest shows below (and thanks to the amazing guests who have joined me!!!) :

Live now!

@DanDeFiEd yes! looking forward

I’m going to fight for DeFi today. Genuinely excited for this one because it’s an important conversation to have. thanks to @CamiRusso for the invite.

Is DeFi worth the risk? That's the trillion-dollar question we're tackling LIVE today at 11am ET. Joining us to debate why yes/no are: 🔷 @cryptonomista, co-founder & CSO of @hodlwithLedn 🔷 @santiagoroel, founder & CEO of @inversion_cap 🔷 @DanDeFiEd, co-founder of @ryskfinance Set your reminders 👇🏻 X: x.com/i/broadcasts/1…

@EliBenSasson @NathanOnCrypto congrats! great book 👏👏

Yahoo! This is an exciting day for me. After a long journey through blockchains, cryptography, and ZK rabbit holes, my new book, co-authored with @NathanOnCrypto, is finally out. It's part history, part deep dive, part red pill, and it's about two of my favorite topics: blockchains and ZK. This is a book for non-experts, written in plain language, zero complicated jargon. And now it's finally published! Grab a copy for yourself or send one to a friend, and start the journey 👇

U.S. Congress is officially more cypherpunk than most of you on here the new CLARITY Act is better than ever on respecting 'decentralization' (loosely speaking) & gets rid of the 'we didn't promise anything so now we're unregulated' loophole many of us were worried about it replaces the corporate style 'common control' test with 'coordinated control', which in theory will be a harder standard to meet (up to the SEC to ultimately define it, but the criteria it must consider are quite robust).. corpochains will struggle to meet this standard...this doesn't mean they're illegal but it will mean sales of the token by insiders etc. are much more regulated and more disclosure is required L2s will have to make sure their security councils are quite narrowly scoped

addendum: left before the closing party and didn't realize it was at e11even -- they should have bent over backward a bit more and not held an official event at a strip club 😒

My first Consensus was in 2018. There were hardly any suits in sight, yet a Reddit post said the event "sucked" bc "the vibe was, let's bend over backward for bankers." Well, eight years later, bankers are certainly here. Did crypto lure them by "bending over backward" ? Thoughts in today's @DefiantNews newsletter (subscribe): thedefiant.io/newsletter/def…