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It's inspiring to see tens of thousands of community members secure life-changing wealth as part of the Hyperliquid genesis event. Importantly, none of these people were insiders. They: 1) believed in the vision for a better financial system when no one else would 2) acted on that conviction by using and building upon the nascent technology, bootstrapping an unstoppable financial network The Hyperliquid genesis pays homage to the original ethos of Bitcoin: ownership goes to the believers and doers, not rent-seeking insiders. For all you early believers, thank you for the unwavering faith and support. Hyperliquid would be nowhere without you all. I'm grateful and honored to be building alongside you. -- Looking back, we've come a long way. But looking ahead, there's so much further to go. Finance is humanity's greatest invention. It is the only effective way to coordinate human effort across time and space. Yet, the legacy financial system contradicts its underlying goal of empowering individuals: - it is opaque and centralized - it is owned and operated by privileged insiders - it doesn't embrace technological innovation to better serve users Hyperliquid is the evolution of finance. And Hyperliquid has not succeeded until it houses all of finance. If you're reading this now, you're still early. The new financial system welcomes you with open arms.

BIG NEWS: Federal appeals court says Treasury overstepped its authority when sanctioning immutable smart contracts deployed by the @TornadoCash devs because they are NOT property of a foreign person or entity. "The immutable smart contracts at issue in this appeal are not property because they are not capable of being owned. More than one thousand volunteers participated in a “trusted setup ceremony” to “irrevocably remov[e] the option for anyone to update, remove, or otherwise control those lines of code.” And as a result, no one can “exclude” anyone from using the Tornado Cash pool smart contracts. In fact, because these immutable smart contracts are unchangeable and unremovable, they remain available for anyone to use and “the targeted North Korean wrongdoers are not actually blocked from retrieving their assets,” even under the sanctions regime. Simply put, regardless of OFAC’s designation of Tornado Cash, the immutable smart contracts continue operating. And furthermore, because the software continues to operate regardless of the sanctions, and the blockchain technology “allows peer-to-peer transfers . . . without requiring the recipient to consent to transfer,” some users may become liable whenever someone transfers them digital assets via Tornado Cash, even without their knowledge or consent." Further, OFAC's longstanding practice of including "contracts" and "services" as property doesn't apply here, because these smart contracts aren't contracts or services. On the services point, "No human effort is expended by the immutable smart contracts. And even by the Department’s definition, the immutable smart contracts, which are nothing more than lines of code, are less like a “service” and more like a tool that is used in performing a service. That is not the same as being a service.” Moreover, they aren't ownable, so even under OFAC's own regulations they aren't property that can be sanctioned. In sum, they cannot be blocked under federal law. They certainly can't be blocked as an exercise of OFAC's discretion. This does NOT mean that the rest of Tornado Cash is out of bounds for Treasury/OFAC too. The issue was about smart contracts with no admin key. A good win. One which the Supreme Court would be unlikely to reverse. Another case where Loper Bright helped because the court wasn't required to defer to a permissible reading by the agency. Kudos to @coinbase (@iampaulgrewal) for being a big driver of this.

NFTs are the tokenization of art, and memecoins are the tokenization of NFTs.

To someone (like me) who grew up under communism, every book set in America was an emphatic endorsement of capitalism. Take Killshot by Elmore Leonard, which I read as a kid. This construction worker owns a two story house!? His wife is a real estate agent? 1/x

1/ Why are the US dollar & Treasury securities so dominant as global reserve assets? You might think it's just inertia or a lack of good alternatives, but a new paper by Dr. Hendrickson argues there's a fascinating deeper story here that goes back centuries. Summary thread:🧵

The Renaissance didn't emerge in a vacuum. It was meticulously crafted by visionaries who bridged the gap between the medieval and the modern, challenging humanity to see beyond the horizon. Let us take a look at these visionaries. 🧵⤵️

We are all Satoshi, except Craig Wright (who is literally the only person who isn't, confirmed by law)

W "I will make certain declarations which I am satisfied are useful and are necessary to do justice between the parties. First, that Dr Wright is not the author of the Bitcoin White Paper. Second, Dr Wright is not the person who adopted or operated under the pseudonym Satoshi Nakamoto in the period 2008 to 2011. Third, Dr Wright is not the person who created the Bitcoin System. And, fourth, he is not the author of the initial versions of the Bitcoin software. Any further relief will be dealt with in my written judgment. I will extend time for filing any appellant's notice until 21 days after the form of order hearing, which will be appointed following the hand down of my written judgment and I ask the parties to seek to agree an order giving effect to what I have just stated."

COPA vs CSW - The trial is now over COPA won and CSW lost. The final words from Judge Mellor below: "Having considered all the evidence and submissions presented to me in this trial, I've reached the conclusion that the evidence is overwhelming. Therefore, for the reasons which will be explained in that written judgment in due course, I will make certain declarations which I am satisfied are useful and are necessary to do justice between the parties. First, that Dr Wright is NOT the author of the Bitcoin White Paper. Second, Dr Wright is NOT the person who adopted or operated under the pseudonym Satoshi Nakamoto in the period 2008 to 2011. Third, Dr Wright is NOT the person who created the Bitcoin System. And, fourth, he is NOT the author of the initial versions of the Bitcoin software. For any further information, you'll to wait for the written judgment."

[UPDATE] Crypto 钓鱼常见手法 Drainer-as-a-Service (DaaS) 功能： 注：DaaS 可以理解为针对 Crypto 行业的钓鱼工具，知名的如 Inferno/MS/Angel/Monkey/Venom/Pink/Pussy/Medusa 等这些 Crypto Drainers，牛鬼蛇神们购买这些 Drainers 结合成千上万钓鱼网站、营销账号、各类骗术、漏洞利用、渗透、垃圾广告等等，如洪水猛兽冲进这个行业。 - eth_sign/personal_sign/eth_signTypedData_* 这种原生签名利用，eth_sign 已经被钱包们封堵得越来越少了 - Token/NFT 类似 approve/permit 这些授权函数的利用 - 类似 Uniswap swapExactTokensForTokens/permit2 等这些强大函数的利用 - OpenSea/Blur 等协议函数的利用（五花八门） - TX data 4byte 利用，Claim Rewards/Security Update 等 - 用 Create2 预创建资金接收地址，绕过相关检测 - Solana 一笔签名钓走目标钱包地址里的所有资产 - 比特币铭文一键批量钓鱼，UTXO 机制 - 各 EVM 链/Solana/Tron 等切换钓鱼 钓鱼路径（不一定使用 DaaS）： - Google/X 等广告投毒、X 评论或私信投毒 - 黑掉官方号（X、Discord、Telegram 等）发布钓鱼链接或其他骗术，黑掉的方法常见如：SIM 卡劫持、第三方应用 OAuth 授权、骗取 Discord token、骗取 Telegram Login code 等方式 - BGP/DNS 等劫持或入侵手法在官方网站植入恶意代码 - 供应链攻击在官方网站植入恶意代码（如之前 Ledger 模块 ledgerhq/connect-kit 被投毒事件） - 隐蔽的陷阱合约（貔貅盘、套利陷阱等） - 知名项目合约存在授权漏洞 - 空投代币买卖或以取消授权名义偷走用户过大的 Gas - 伪造事件/零转账等障眼法 - 污染钱包的转账历史（首尾号一样），坐等用户复制 - 伪装记者、资方、项目方等诱骗用户下载打开带木马的文档、游戏程序、工具等 - 带后门的薅毛工具 - 假 Telegram/WhatsApp/Binance 等替换钱包地址 - 假钱包直接采集助记词或者给 Tron 地址加把权限锁，坐等目标入账 - 诱骗用户转账时填写存在猫腻（如授权）的 data - 假币、假官网、假官方人员等等骗局 - 诱骗用户直接“上供”自己的助记词... - 明文助记词/私钥陷阱：窃取手续费或诱导安装带木马的钱包程序 - 类“杀猪盘”线上套路 - 类“扳手攻击”“色诱”“大生意”等这种线下套路 - 硬件钱包售卖渠道被中间人动手脚 - ... 钓鱼是个广泛概念，还有不少手法，但基本大同小异。除了钓鱼，还有一些其他主流作恶手法，这里先不展开了。我特别提钓鱼，是因为这种手法实在过于泛滥，大家一定要谨慎谨慎再谨慎。 相关案例见黑手册扩展阅读： github.com/evilcos/darkha…

what is crypto bloomberg.com/thecryptostory

Today is a very special day for me and Bridgewater Associates because I transitioned my control of Bridgewater to the next generation and I feel great about the people and "machine" now in control. This transition moment is the culmination of a 47-year journey (1/11)

I went from 0 coding experience to landing a job as a developer in 6 months...and spent $0 doing it Here are the topics I focused on and some FREE resources you can use to do the same (warning: 100s of hours of content)

This is one of my favorites

Pakistan's economy is in deep crisis a long 🧵

1/ Wealth is a claim on other people's time There are a lot of theories on what money is, on what wealth is. Economists have written very long books on this. It is debt, it is the evolution of barter, it is an information system, etc, etc. All of these are true in their way

“you consume me like a flame”

UST的崩盘很震撼，更震撼的是我们有生之年可能见证美元的崩盘。 2008年金融危机，美联储印了7000多亿美金救市；2020-2021两年，美联储就印了5.8万亿美金，2年时间印了建国200年印的钱总和，国债直接从24万亿到了30万亿； 下次股灾再打开水龙头，是不是得印10万亿呢？ 印钱救市，是不是和Terra有点像？

Contradiction between my desire to see Ethereum become a more Bitcoin-like system emphasizing long-term stability and stability, including culturally, and my realization that getting there requires quite a lot of active coordinated short-term change.

Thread: some still open contradictions in my thoughts and my values, that I have been thinking about but still don't feel like I've fully resolved.