Bitget Wallet is not affected, user funds are safe.
This is the first crypto card exploit if I’m not wrong. Kudos to the quick response by @raincards and some of the neobanks.
Much more to be done to ensure a safe crypto payments space but the industry matures and emerges stronger with each incident.
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Hotter than solana:9cRCn9rGT8V2imeM2BaKs13yhMEais3ruM3rPvTGpump
How viral can this Chinese meme go？
我的女友景甜
Most analysts say L2s have no chance.
I beg to differ.
There is one that's growing fast against the odds. @MorphNetwork
Pivoted to payments.
Onboarded native USDC and then Morpho.
Launched a payments platform to accept stablecoins and send payouts.
And now deposits on Morpho rank #6# and well above established L1s.
It's not about L2s vs L1s. It's about grit, strategy and relentless finding a way that works. That determines a startup's success.
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Am i seeing so many $ETH bull posts because of my feed bias, or because it's really about to flyyy?
Too many are sidelined in this week's pump, yet the excitement is apparent.
$ETH is doing exactly what Bitcoin did last cycle.
If this continues, Ethereum is going to $10,000-$12,000 by 2029.
Crypto bears have disappeared.. bulls are taking over.
Congrats to those who have been DCA-ing into high conviction bets.
Thankfully I’ve been getting my cashback in BTC. Assetback is the new cashback.
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$ETH IS ABOUT TO GO PARABOLIC.
THE SAME SETUP PREVIOUSLY SENT ETH +236%.
NOW THE BREAKOUT IS IN.
THE RETEST IS COMPLETE.
$5,000 IS NEXT
ETHEREUM IS READY TO EXPLODE.
Those who make swaps with large orders should pay attention to this 👇
When trading onchain, users typically check the price quoted, choose the best price, and sign the txn. That works for smaller orders.
For larger orders, you often get much lesser than quoted, or worse, frontrunning on split orders.
Our devs explain why best execution is always better than best prices for larger orders.
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For those building DEXs, the best route isn't just the best price.
It's the best execution, especially for larger orders.
Our API optimizes every large order with 3 layers:
1⃣ Progressive Gas Algo: Gas is priced into routing
2⃣ Adaptive Order-Splitting Algo: Dynamically allocates orders across multiple best-fit pools
3⃣ Sentinel: Real-time filters for abnormal liquidity
Comparing the above to best price, your orders might be first routed to pools with the best offer but with shallow liquidity.
You know what happens next.
Best execution > best price.
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Sipping some mate to get my caffeine fix.
@BitgetWallet in Argentina 🇦🇷
Blockchain RIO has been a great event thus far.
Quality crowd, buzzing with energy, topics discussed are pretty diverse.
Lots of talk about stablecoins, BRL yields, VASP licensing regime updates, tokenisation, payments. More institutions compared to previous years too.
Some say it’s more institutional compared to previous years, but I feel that’s good and a sign of the industry maturing and gaining adoption in the wider financial world.
View to the end to see our @BitgetWalletPT team in action!
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Just paid for some bottled water using USDC via Pix in Brazil.
I’m not a local here so I don’t know of other way to pay by Pix other than using Bitget Wallet (which I use daily anw).
Paying by Pix is often cheaper than international credit cards, and it saves me from carrying cash around.
Looking forward to using the same wallet for QR payments in Buenos Aires too when I visit next week.
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We call it Assetback.
Choose to get back BTC, Gold, SPY, Tsla, Googl or Nvda for every spend.
Your wallet. Your choice. @BitgetWallet
We call it Cash₿ack
Be like @Brypto_sniper and get up to 2% ₿ack. Even with Panda Express.
Onchain wallets are the next generation of money accounts.
First was bank accounts. Then came e-wallets and neobanks. Onchain wallets are the next evolution.
Why?
Blockchain-based rails means your money is on global rails by default. Perfect for a borderless generation.
What's important now is to build the infra and experience well such that it can truly be used for everyday finance. This is the competitive advantage that takes time to build.
This is our mission at Bitget Wallet, and the feedback and usage behaviour that we are seeing has been encouraging thus far.
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"They don't just want a platform for them to spend. What they want is a financial account that can give them the freedom of access."
@alvin_kan, COO of @BitgetWallet, shares what their card data revealed about people's everyday spending behavior
> Their average card transaction runs $10 to $13 across 10 to 15 swipes a month, which places the product inside everyday household spending
> Other crypto cards average over $700 per transaction, which reflects a user who is trading through the card rather than living on it
> When focus groups were asked what other features they wanted in the same wallet beyond spending, users pointed to savings, yield, and borrowing
A wallet that eventually covers every function of finance is the one that earns the primary financial relationship in the daily life of the user
Access to those tools should not depend on where someone was born, and trust is what turns a spending app into the financial account that delivers it
Says Alvin on the live show last week.
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There's been a few moments in DeFi when innovation starts in crypto sector and extends to TradFi later.
This is gonna be one of them.
Cash has been depreciating with inflation, and users should not have to settle with cashback just because that's always been the way.
Assetback is a better way to stack Gold, BTC or stocks with every spend.
Powered by @tether @xStocksFi @BitgetWallet
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Money has been stationary for the past 5 years.
But everything else has been up only, esp assets.
Assetback is the new cashback.
Buying $SPY on a sunday helicopter ride over Rio de Janeiro.
Onchain means anytime anywhere
🩵 🚁🇧🇷🏪
@xStocksFi @solana @BitgetWallet
Common issue. Inflation vs asset fluctuation.
The 2% contract is hidden at the very bottom of your bank deposits, crypto gains, and daily spends.
What truly widens the wealth gap isn't spending power, but where or how you choose to store your savings.
This is also why we chose to build assetback, even though no one asked for it.
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If you've been working for the past 10 years, but still feel stuck, there may be a reason: Your money is locked in a -2% contract, renewed annually.
Study the 2% contract.
Order flow won’t belong to anyone in the future. It will flow to the most efficient execution networks.
The next generation of trading infrastructure won’t be built by a single team. It will be built by a network of developers.
In the era of intents, competition among solvers is no longer about marketing. It’s about infrastructure.
Those who can deliver better pricing, faster execution, and higher fill rates will earn more order flow.
That’s why we’re launching the Bitget Wallet X Solver Partner Program.
Our goal is simple: build a truly open, transparent, and competitive execution network that gives solvers better infrastructure to compete, and gives users better execution quality.
If you’re building solvers, routing systems, pricing engines, or execution infra, we would love to work with you.
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Bitget Wallet X Solver Partner Program is here.
Built for intent protocol solvers:
- QPS 50+
- Review in ≤24h
- Success rates on major chains: 99%+
- Supported chains: 11
- Covered RFQ / PMM / AMM protocols: 195
- P95 request latency: < 150ms
Running on CoW, 1inch Fusion, UniswapX, or your own stack?
Plug into ours & focus on strategy:
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Lots of controversy on this EIP today.
The issue is this change may not effectively lead to the intended objectives (at least the community's not convinced), while the second-order effects are not addressed or discussed sufficiently.
Some concerns which i see are emerging in community discussions:
- Would lower staking rewards push solo stakers out first, while large institutional operators remain viable through MEV revenue, execution-layer income and economies of scale, potentially increasing validator concentration?
- How would lower issuance affect the yields and DeFi pricing of LSTs such as stETH and weETH, including their use in lending, yield products and restaking markets?
- Is there sufficient empirical justification for the proposed 50% staking threshold and the linear burn curve, particularly as ETH ETFs, institutional staking and onchain credit markets continue to develop?
I personally don't think this will effectively protect solo stakers, nor will it really reduce inflation that much. Ethereum has developed into a complex economy, and the potential second order effects may far outweigh the realistic achievement of intended objectives.
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🚨 New EIP: Tapered Issuance Burn
We just submitted an EIP to ethereum/EIPs: a minimal, market-driven fix to Ethereum's issuance policy removing the incentive for stake growth beyond 50% of ETH supply.
EIP-8361 by @pintail_xyz, @jdetychey, @dapplion, @pa7x1, @ladislaus0x & @drakefjustin 🧵
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Five years ago, everyone will say speculative trading is the main dominant use case of crypto.
Today, payments and everyday finance is fast becoming a second dominant use case. Growth is hyper-accelerating in emerging markets.
Access to digital dollars and financial markets should not be determined by where u were born in or how much you earn. Blockchain tech levels the playing field for billions of people out there.
The vision of @BitgetWallet is to offer a simple yet powerful app for them to access the world.
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going live in an hour's time with @stabledash
Live Tuesday at 12:00 PM ET / 9:00 AM PT. The lineup:
- @alvin_kan, COO @BitgetWallet - 12:30 PM ET
- @adcv_, Co-Founder @SteakhouseFi - 1:00 PM ET
Neo, presented by @Dakota_xyz
- @ashlan_ahmed, CEO @getaxal - 1:30 PM ET
- @rooshanaziz, CEO & Co-Founder @OverseePay - 2:00 PM ET
The agenda:
Bitget Wallet - the dollar account banks never built. 100 million users, $177 billion routed through their payments stack, and daily payments now outrunning trading.
Steakhouse Financial - the exclusive risk curator behind Robinhood Earn, and the firm curating more than half of all stablecoin deposits on Morpho. Where the yield comes from, what a retail user should understand, and what a bank account looks like when a vault replaces it.
Axal - wealth building across proven assets, not just stablecoin yield. Bitcoin and gold alongside dollars, and what it takes to reach an audience that is not already in crypto.
Oversee Pay - Pakistan is the third largest remittance corridor in the world at $52B a year, and it is still slow and expensive. Rooshan is building one account that moves dollars home in seconds, pays the country's freelancers in USD, and comes with a card to spend it locally. Built out of the @alliance ALL17 cohort in New York.
Drop questions below that you want answered LIVE
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I got asked whether the coldcard hack spells the end of self custody.
IMO this has nothing to do with self-custody. The compromise already happened when the seed was generated with far less randomness than it should be.
This however puts hardware wallets in the spotlight. When I first joined web3, everyone said hardware wallets are the safest way to keep your assets. I think users do realise additionally that they need to be discerning of which wallet, tech and team are keeping your assets safe.
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Over $100M in Bitcoin was stolen across three confirmed Coldcard attack waves.
Does this spell the end of self-custody?
@rkbaggs sat down with @bitgetwallet COO @alvin_kan to discuss why the incident changes how users must think about protecting their own assets.
#CHAINREACTION#
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End of an era
🔥 TODAY: DeFi Kingdoms will shut down DFKChain on August 28.
DeFi Kingdoms will continue to exist as the team explores other chains on which to operate.
