Pendle integration into Agentic launchpad in a single day. A month ago i was in telegram chats speculating on all the potential outcomes robinhood:0xaa07a0e9209e16ac99708c3ec70159c6ef3128a3 could have because the token design is so elegant. An agent launchpad paired to Orbio to self-fund inference was the delusional bullcase and here it is. Thank you to those who helped me form conviction on this one, see you at 1B.

At 9AM EST today somebody abused a bug in Payment Processor V2 to steal 10 Meebits, 50 Otherdeeds, 10 WoW, and 235 Desperate Apewives. It wasn't until over 12 hours later that somebody reported it to me, and upon digging in I realized that a great many NFTs were subject to the same exploit. I got in touch with the team over at LimitBreak and they quickly paused Payment Processor V3, which was subject to the same exploit. Unfortunately, V2 was not pausable, so the only path towards protecting affected assets was to run a whitehat operation. Similarly, V3 on ApeChain is temporarily in a state where it cannot be paused, so ApeChain assets approved to V3 needed to be saved as well. All in all, we rescued 23,155 NFTs worth north of $5.7M USD. We later discovered that a similar exploit could be used in reverse to steal WETH. 660 WETH was at risk, which we unfortunately were not fast enough to recover. Apologies to those affected. Shout out to @Boomskite for flagging the initial exploit tx to me, and @coffeedev @0xjustadev and @whiteoakkong for acting quickly and assisting with the recovery. All NFTs are safely relocated. Soon, owners will be able claim them back after revoking the exploitable approvals. Addresses to revoke below.

@GracyBitget soooo Circling back to this…

BITGET POTENTIALLY HACKED FOR OVER $100M: ONCHAIN

this is a buy dips market imo, no need to overcomplicate it

CREDIT WHERE DUE

statement arrangements will open in 8 days, on 10/1 you can make one statement with any 80 credits I'll update this thread with how statements will work

tonight likely 9pm ish eastern ty

supply based on yesterdays mint number is 122,154 if you do not wish to participate, you can request a refund for the next 8 hours here, then the final supply will be locked jack.art/creditcheck

early info, sorting everything (won't be perfect but close): 7,162~ x accounts and 25,225~ unique wallets participated

Thoughts... The more the stretch between stocks and tokens (crypto) diminishes, the more I think crypto as a whole is going to reprice higher.... Why do you think car dealerships cluster? Feels counterintuitive right? Why would you voluntarily sit next to ten people selling a substitute for exactly what you sell? Proximity..... It changes the economics of the whole place....Once all the dealerships are sitting next to each other, people looking for a car naturally go to that street, comparison becomes almost frictionless and the concentration itself starts pulling in more demand. I think a much more extreme version of this happens when stocks and tokens start living on the same rails, because proximity here does more than make comparison and swapping frictionless.....it creates entirely new financial relationships between them. A stock sitting over here and a token sitting over there give you two assets, but put them inside the same programmable market and suddenly you get a pair or a spread or a collateral relationship.... just a bunch of weird shit nobody could have designed beforehand because it only becomes possible once both things are sitting next to each other. As more of the financial world starts connecting this way, crypto gets its plug-and-play moment with the much larger financial universe.....which is when I think we get a savage repricing, with the profit-printing protocols probably benefiting the most.

keynesian beauty contest drill this concept into your brain the concept was formed around a newspaper contest where readers were asked to pick the six prettiest faces. however, prettiest wasn’t defined by a set of objective standards, it was defined by who was picked the most by other entrants. as a participant, your goal wasn’t to pick who you thought was the prettiest. your goal was to guess who other people would find the prettiest. john maynard keynes argued that these same principles could be applied to investing. you can be right about the fundamentals or tech of a project, but if the broader market doesn’t have the same understanding as you, then it doesn’t matter. price won’t go up. this concept is especially important in a bull market, where the depth of due diligence declines and risk appetite increases. investors aren’t studying every nuance of these projects; they are looking to make money. once investors see another group of people making money on a trade, fomo and greed kick in. this creates a reflexive cycle that rewards holding and drives prices up violently. something that may have started off as a fundamentals-based trade for early, high-conviction investors quickly turns into an attention-based trade as prices move higher. in a bull market, attention matters more than fundamentals, and green candles are often the best way to attract new buyers. as we’ve seen with many assets before, as price goes up, fundamentals improve as well. we’re currently seeing this play out with zec vs xmr. both are privacy protocols that offer similar features, but zec is up ~3x since the beginning of the year, while xmr is up ~25%. whether xmr actually has better tech than zec is irrelevant. the market has shown that it prefers to put its money into zec. without looking into the fundamentals, it’s clear that zec has captured the attention of the market. all of this boils down to flows: how much money other market participants are willing to invest in the asset. once you start viewing the market through this lens, you realize that technical details aren't the only thing that matters, and factors like marginal buyers, thesis simplicity, and reflexivity matter just as much, if not more. more attention → more flows → higher prices → better fundamentals → repeat would you rather be right or would you rather make money?

If the $STANDARD licence auction sells out for the next five days, close to 40% of the supply will have been burned out of existence. Here's how that works: There are 1,000 charters (banks) and each one can grow to 10 branches. To open a branch you need an expansion licence, and licences are paid for in $STANDARD. Every token spent on one is burned Day one: 100 licences sold in under four minutes, at 12,000 falling to 11,888 each. That's 1.19M tokens, 1.2% of the entire float, in one auction. The auction reopens every day at double the previous day's last sale. So tomorrow opens at 23,777. If it sells out again, that's 2.4M more. Five sellouts in a row is 36.9% of the float. Now here's the catch: the price doubles, the yield doesn't. Today, a licence cost 17 days of one branch's earnings. Tomorrow's costs 37. By Friday it's 177, by Saturday 380. At some point it won't be worth it anymore and the price will fall back towards the floor. Nobody knows when that day will come. So till then, let the fun continue.

Even if you didn't get a @standard_rsv charter ... you could have played the token knowing charter holders need it to buy branches. Clean 2x in 30 minutes. Gud tech. 0x88ad8DdF1E3898412146a534538d418c6F8A9062

OSF handed you the $eth trade ... all you had to do was take it

Argonauts 1 eth waiting room