Wheels up for Token2049 🚀
Lots of meetings planned already (and we’re hosting events!) but if you’re representing an allocator or institutional desk we don’t already have a relationship with, hit me up.
We’re aggressively scaling perps and predictions and institutional flows represent a big piece of that growth picture.
I’ll make it worth your time 🐺
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“Swaps that people find entertaining and fun.”
Blast was still the most fun I ever had in crypto.
IMO was both ahead of its time and too late - native liquid yield was one of the most interesting defi primitives, but ultimately couldn't create network effects in the post-NFT era to make it work (no L2 has been successful here).
🫡
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Blast will be shutting down.
We launched Blast with the goal of building a self-sustaining chain for users and developers. Unfortunately, the economics of operating the chain no longer make sense: the ongoing costs of maintaining Blast exceed the revenue generated by the L2, and we do not see a credible path to making the chain economically sustainable.
As a result, we've made the difficult decision to wind Blast down.
We're sorry to the users and developers who believed in Blast, built on it, and supported the ecosystem. Our priority now is making the shutdown as smooth and safe as possible.
We're asking all users to withdraw their assets from Blast to Ethereum mainnet, including any balances held in the Blast PWA.
To make this easier, we will be reducing the withdrawal delay to 24 hours.
As part of the shutdown process, we'll first begin withdrawing Blast's Lido assets. This process is expected to take approximately one week. During this period, withdrawals will temporarily be unavailable, even after the withdrawal delay is reduced to 24 hours.
Once that process is complete, withdrawals will resume with the new 24-hour delay.
Users will have until October 26, 2026 to withdraw through the normal Blast interface.
After October 26, assets will remain withdrawable, but users will need to interact directly with the Blast bridge contracts on Ethereum L1. We'll publish detailed instructions before then.
We strongly encourage everyone to withdraw their assets to Ethereum mainnet before October 26.
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Pro product team is COOKING - first in the world interface to view price action (candles) of our 15 minute markets orderbook alongside the resolution source agency pricing
Trade faster with Pro
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The ability to transfer *any* kind of risk has historically been heavily gated from the common man.
We're extremely excited to be opening access to this sort of quasi-insurance/re-insurance-style risk transfer of *anything* to the masses.
Let the people trade.
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He has saved thousands of California acres from wildfires.
The government is now increasing his labor costs by 400%, which could drive him out of business.
This is Tim Arrowsmith's story:
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i thought more about it. beni, sorry for being a dick. i shouldn't have attacked you personally. it was cocky and unnecessary, and i should have stuck to the facts.
i do want to clarify one thing: our incentives pay for liquidity, not wash trading. the claim that we’re incentivizing wash trading is incorrect, but i should have explained why instead of making it personal.
this has made clear we need to do a better job explaining how our incentives work and the safeguards we have in place. we’ve laid out the full context here:
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Hey Beni,
Seems like a bunch of wires got crossed here so I just wanted to set the record straight. Your original claim was that Kalshi’s crypto prediction market volume was fake. The chart from Artemis shows prediction market volume share, not perps. We don’t do rebates for crypto prediction markets. Also, the way that contracts <> notional $ is calculated is universal amongst prediction markets and same with poly so it’s apple-to-apples.
Separately on perps you claimed that “Here SCM means market makers that are selected by Kalshi lmfao”. This isn’t true. Anyone can become a Self-Clearing Member of a CFTC regulated exchange as long as they meet the regulatory requirements. “Fair access” is a reg requirement for us.
All exchanges run rebate and incentive programs to help provide better liquidity on the exchange for traders. CME does it. So does Hyperliquid and Binance (in fact they run NEGATIVE market maker rebates).
I’m the first to admit that it’s early days for perps for us given we're building a new product in untrodden territory (US perps). But the core difference between Kalshi and offshore perp exchanges is that while other exchanges run deals in the dark, we need to file our incentive programs publicly and so what you see is truly what you get.
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You jokers pumped avalanche-2:native back to double digits and triggered another round of WWIII 😭😭😭
Spending my Saturday tagging 140+ medium to high value tax-implication questions to finish up my 2025 stuff...
Extremely extremely extremely glad I contracted
@CryptoTaxSucks to help me get a full record of my onchain life cleaned up after doing it solo for the last 8 years
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People have not yet realized that the recent extreme narrative interest in privacy (as expressed via zcash:native bidding) is extremely bullish for the most decentralized, credibly neutral protocol that will ever exist
Imo second and third order effects are only a matter of time for ETH-enabled privacy tech
Eyes on things like Railgun ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d and Ambire ethereum:0x88800092ff476844f74dc2fc427974bbee2794ae
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We're getting dangerously close to time to bust this bad boy back out on repeat 24/7
I am maximum bullish (as I have been since $57k despite all of the doomers on the timeline doing their best to make sure you remain sidelined with them)
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Moon that
ethereum:native
TWO THOUSAND SIX HUNDRED UNITED STATES NORTHRUP GRUMMAN HELLFIRE MISSILE BACKED DOLLARS FOR ONE ETHEREUM COIN
How it feels having drafted Josh Allen in the 3rd round of a 14 team fantasy league
Buffalo is really really really good
Joe Brady mode
Is Buffalo very good or is Detroit bad
Seems like the people want to trade commodities (and RWAs in general)
Stay tuned 😎
We’re bringing US, regulated access to everything you could possibly want to trade ASAP
Metals launched last week and nearly 40% of perps traders have already traded them. They're growing way faster than we expected.
TWO THOUSAND SIX HUNDRED UNITED STATES NORTHRUP GRUMMAN HELLFIRE MISSILE BACKED DOLLARS FOR ONE ETHEREUM COIN
CT doesn't make heroes like this anymore, and that makes me sad.
Most of your favorite influencers don't know how to find, much less read an EVM blockscanner
1/6 Correct: the screenshot itself is not proof. Anyone can fake an image or PDF.
The proof is Robinhood Chain's signed transaction data.
PDEX:
0x5C9A6a0353f1EDC67B22f2cdcfE9294f5A889B60
Chain ID: 4663
Here is the independently verifiable trail:
---
2/6 LAUNCH CONFIGURATION
The PDEX launch key signed a transaction whose raw input contains SIX extra opening-tax-exempt future addresses.
Open "Input Data" and inspect the final six-address array:
---
3/6 COMMON FUNDING
Five minutes and 26 seconds before launch, one coordinator transaction funded all six controller wallets in exemption-list order. Five controllers were fresh wallets.
---
4/6 THE 45% ALLOCATION
Four blocks after launch, one batch transaction spent 1.463880775043543409 ETH and allocated approximately 450,000,000 PDEX, 45% of the total supply, to those six tax-exempt addresses while they were still undeployed.
---
5/6 HOW TO VERIFY IT YOURSELF
1. Launch tx: inspect the six exemption addresses.
2. Funding tx: inspect the six funded controllers and their order.
3. Batch-buy tx: inspect the six PDEX recipients and amounts.
4. Open those recipient addresses: all six now contain identical 45-byte EIP-1167 minimal-proxy code.
---
6/6 WHAT THE CHAIN PROVES
- Six future addresses were deliberately tax-exempted by the launch key.
- Their controllers were commonly funded before launch.
- One coordinated purchase allocated 45% of supply to them.
- The addresses became identical owner-gated clones.
That is cryptographic evidence of a coordinated preferential 45% launch bundle.
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Ok not offended anymore
Trying not to be offended that the hackers didn't come after my account (yet)