Arcus points are live and Season 0 has ended. Arcus gives off vibes similar to Hyperliquid, more so than any other perp exchange. It has managed to generate solid volumes (peaking at over $500 million) with a relatively small number of traders. Daily volume is set to exceed several billion in the coming weeks and months. Given that Robinhood is one of the largest brokers, it is highly likely that Arcus will also establish itself at the institutional level for stock (RWA) trading.

You guys are a joke. You farmed all your users so hard The only way anyone ever likes you again is if you airdrop that 33% to all the people with 500+ XP

There are around a hundred perpetuals exchanges out there, but only 4–5 will survive the coming years. Only those offering a truly solid product will stand the test of time. Massive bubbles (trends) hit Layer 1 and Layer 2 hard between 2021 and 2024. It was a race to launch new chains, much like what has been happening with perpetuals exchanges for the past two years. Do you remember these Layer 1s and Layer 2s? Check their TVL today. You’ll find a bit of everything: - useless chains (Cardano, Aleo, Metis). - projects that scammed the community (Linea, Scroll, MegaETH, Sonic, Eclipse). - unnecessary Layer 3s, given that their Layer 2s were already scalable (Arbitrum Nova, opBNB, Cronos zkEVM). - protocols that don't need a dedicated chain (Unichain, Zircuit). - unsustainable models driven by inorganic traffic (Berachain, Blast, Manta, Zetachain, Taiko, Zkfair, Mode). - good tech, but few useful platforms built on the chain (Zksync, Dymension). - chains that are controversial for various reasons (Mantra, Juno, Movement). - prehistoric OG chains (Tezos, Waves, Harmony).

Intake. Authenticated. Insured storage. Cameras on. Your collectibles don’t get forgotten in a shoebox or a faceless vault somewhere, they live in the DYLI warehouse. Ready to vault, trade, rip, or ship. Ready for you. Trust the process.

🚗 Where We're Going, We Don't Need Roads Doc Brown had the right energy for a Monday. Point it at whatever you are building this week. GM WAXFAM

LATEST: ⚡ Ondo Perps has launched spot trading for 12 tokenized stocks and ETFs, which traders can use as collateral to open short perpetual positions.

Tokenization is reaching millions. More than 1 million wallets have interacted with Ondo assets, spanning tokenized stocks, ETFs and Treasury products. Another milestone in building a financial system that is global, open and onchain.

Traditional finance is increasingly building on-chain and believes in Bitcoin. Ondo Finance has launched "Ondo Intelligent Portfolios" enabling exposure to an entire strategic asset allocation through a single on-chain transferable token. The strategies were developed by BlackRock: - BLKHIon: global high income strategy (86% is attributable to bonds/credit). This strategy aims above all to generate income. - BLKDIGon: diversified growth strategy (70% equities + 30% bonds/alternatives/BTC). Balance between growth and diversification. - BLKGRWon: high growth strategy (highly aggressive equity allocation, including a percentage of $BTC). It aims above all at capital growth. These portfolios are constructed using real-world assets tokenized by @Ondo and are automatically rebalanced via smart contracts. Furthermore, these baskets operate 24/7 and are fully compostable within the DeFi ecosystem. It appears that these assets can be used as collateral to secure loans or generate additional yield. Theoretically you could deposit BLKGRWon on a lending protocol and borrow USDC. Bitcoin is the future; finance is on-chain.

🚨 OH HEY, IT’S FRIDAY 🚨 And you know what that means… 👀⚡️ 🧡 FREE SATS🧡 Drop your #Bitcoin Lightning address in the replies 👇 Ends at 1:00pm BST

🪂What will $JUMP XP be worth? A lot of made-up figures regarding the Jumper airdrop are circulating on X; however, the "pre-sale price" and especially the OTC XP sales (at $10) are complete nonsense. They exist solely to generate engagement or to scam you (OTC XP). The only potentially interesting figure is the total XP: 110M. If this number is accurate and *IF* an airdrop actually happens (which isn't guaranteed), we can make some estimates. Clearly, if there are 110M XP, you can see that prices like $10 per XP are fake (that would imply a market cap of $1.1B for the airdrop alone). It is reasonable to assume the value of 1 XP is less than $1. If Jumper does launch an airdrop (which would be a smart move—avoiding the mistake Squidrouter made, where volumes crashed from $35–40M/month to $15M over the last two months because they only did a presale) and assuming an airdrop market cap of $30–40M, XP could be worth $0.30–0.40. Assuming a $10M presale, we’d have a market cap of around $40–50M. As you know, FDV is a useless metric at the time of listing, but assuming a 15% circulating supply, we’d be looking at an FDV of roughly $250–300M. However, these calculations are just for fun, because: 1) It’s unknown if there will even be an airdrop. 2) The circulating supply at TGE is unknown. 3) The presale percentage is unknown. 4) It’s not certain that the XP total is actually 110M. 5) It’s unknown if there’s a minimum XP requirement for eligibility (if there were a threshold of 500, for example, the value of 1 XP would rise significantly because the total eligible XP pool would decrease). These are all factors that significantly influence the price and therefore the market cap. Looking at other bridges, aside from LayerZero ($520M), the others have market caps ranging from $15M to $121M: - LayerZero $520M. - DeBridge $121M. - Wormhole $73M. - Axelar $60M. - Synapse $44M. - Across $30M. - Chainflip $29M. - Celer $24M. It would be reductive to view Thorchain ($200M) merely as a bridge; similarly, Jumper and Bungee differ from traditional bridges because they are bridge aggregators. P.S. If Jumper conducts a good airdrop, users will likely continue using its bridge, not only because it is useful, but also because the possibility of LiFi conducting an other airdrop in the future cannot be ruled out (while they are currently separate entities, Jumper utilizes LiFi's infrastructure).

The Cosmos Hub network has been successfully restarted by validators on schedule; block production has resumed, and operations are normal. The network will continue to be monitored; further updates will follow.

ELLIPAL App 5.0 is coming. Before that, a question for wallet users. Tell us one thing your wallet app should do better, or the one feature you would not give up. Any wallet, including ours. 250 USDT for five answers. 5 winners, 50 USDT each

🚨In this post, I’ll explain a new DeFi scam trend; read on if you don’t want to get scammed. Many (new) protocols pop up suddenly and, to gain public attention, promise a retroactive airdrop for active users on Arbitrum, Robinhood, Solana, etc. Their only goal is to scam you by selling you a worthless NFT, only to disappear afterwards. This tactic has been used by Basecabal, Royal Mechanica, Loop on Solana, Chomp (page still exists but went inactive after the NFT mint) and now (possibly) Ventran, among others. How does the scam (cash grab) work? 1) The protocol opens a page on X. 2) To attract attention, it launches an eligibility check for active users on a specific chain (e.g., Robinhood chain). 3) It launches an NFT collection that allows users to boost their allocation or "unlock" the airdrop. 4) Once the mint is over and funds from the NFT collection have been collected, they delete the X page. We aren't talking about huge amounts (mint costs range from $0.50 to $10), but scammers manage to rake in $5k, $10k, or $20k. Remember that OpenSea is decentralized and has no control over these matters. This is not OpenSea's fault. Platform cannot know a protocol's true intentions, so you need to do your own research. So, the red flags are: 1) A newly created X page. 2) Few posts, mostly related to retroactive airdrops. 3) The launch of an NFT collection to boost or unlock allocations. Feel free to check your eligibility, but always be careful about where you connect your wallet and do your research on the protocol before handing over funds. In the past, there have been many retroactive airdrops for active DeFi users ($ZKF, $TIA, $PYTH, $ERA, $ALIGN), but none of them asked for money upfront. Similarly, minting and holding NFT has also yielded significant airdrops (Bored Ape, Pudgy Penguins, Azuki, Doodles, as well as DeFi projects like Manta, AltLayer, etc.), but these were projects that had been active for some time and already had a product.

I have analyzed dozens of addresses drained by bot scripts over the last three weeks; the mechanism behind the theft of funds is ambiguous.

🚨As you may know, on September 15, 2026, the Senate rejected the procedural vote to advance the Clarity Act. Is this truly a negative outcome for Bitcoin investors and DeFi/Crypto users? Like all regulations, there are positives and negatives. POSITIVES ASPECTS OF APPROVAL - It limits ethical issues, such as politicians promoting tokens in which they have invested. - Distinction between the SEC and the CFTC: the distinction between securities and commodities for tokens would be clearer (this especially impacts altcoins. $BTC is now considered a digital commodity). This would also facilitate investments in altcoins and the tokenization sector (RWA) for funds and institutional entities. This would also make it easier for exchanges operating in the US to list tokens. - It forces a project to be truly decentralized: validators, a better distributed percentage of the token supply, governance held by multiple addresses, domain control, developers, etc. This could also mean that distribution methods like airdrops could become strongly popular again. - It limits conflicts of interest between exchanges and affiliates. - It makes it easier for large funds like Blackrock, Fidelity and JPMorgan to build regulated crypto infrastructure. - It would bring more crypto companies back to the US (hindered by the SEC in recent years). NEGATIVE ASPECTS OF APPROVAL - It impacts the economic viability of exchanges and protocols, due to compliance. A large exchange like Coinbase certainly comes out on top compared to a small exchange that would have less funding to comply (licenses, audits, etc.). It therefore centralizes use on large exchanges. - It negatively impacts privacy: increased AML controls and limits anonymity. Like all regulations. - It could negatively impact DeFi protocols that are not truly decentralized. And as we know, this would be at the discretion of those who control it. For example, KYC could be required on the protocol's frontend, even if it remains permissionless (smart contract). - It could also negatively impact DeFi exchanges like Hyperliquid (currently unavailable in the US) and similar platforms, due to compliance issues. - It limits the funding received by projects (maximum $50 million per year and $200 million for life). - It could harm/limit stablecoins (particularly yield) to prevent "deposit flights" from banks experiencing problems on DeFi lending platforms. One clause includes a yield cap if it's significantly more favorable than banks'. - It limits Bitcoin/Crypto ATM. CONCLUSIONS Does the crypto sector really need regulation? Bitcoin became Bitcoin because: - it has no team to contact. - it has no customer support. - it has no website. - it has no official social media page. - it cannot be confiscated. - it has no entity capable of blocking transactions. European regulations (MiCA) have not reduced scams or market manipulation by exchanges, market makers and politicians (the team behind the Biden-themed $LAPTOP memecoin even sent their whitepaper to MiCA to ensure compliance, only to pull the rug on day one!). Remember, if an exchange fails, the story will play out just like FTX. Regulators are here to provide clarity and increase oversight, but also to make money.

👾In the age of AI: is closed or open source better? Since the spring of 2026, DeFi attacks have surged dramatically (recall the issue involving KelpDAO/LayerZero, which subsequently impacted Aave, though at least 100 other hacks could be cited from recent months). Hardware devices have also been affected, ranging from Coldcard (where low entropy allowed for seed recovery) to data breaches (Ledger, Safepal, Trezor). Most recently, there was a major hack targeting Liquid (a Bitcoin sidechain). Unlike humans, AI agents can work 24/7 to find bugs without stopping, without eating or sleeping, or taking time off. AI can be used both defensively (auditing to find bugs) and maliciously by external hackers. The big problem is that an auditor must find and fix hundreds of bugs; attackers only need one serious bug to breach the system. Historically, open source code has always been preferable to closed source, and I believe things aren't much different today. Open source allows auditors and the community to verify and improve the code. However, compared to the past, having partially closed source (think of Ledger, which has obfuscated code for firmware and secure elements) is less of a negative than it was years ago. There's certainly a trust component, but the attack surface for AI agents is smaller. On the blockchain side, Bitcoin's greatness compared to 99.99% of Layer 1 systems is its simplicity: no smart contracts. The code is difficult to hack. Continuous, but slow, and non-radical updates are required. Attacking consensus is nearly impossible (and not economically viable). All other Layer 1 networks have vastly superior attack surfaces (however, the centralization of many of these chains could lead to radical decisions such as freezing funds if a chain/platform is at risk of survival; something you can't do with $BTC ). An interesting comparison is with Monero ( $XMR ). Monero obviously can't compete with Bitcoin in terms of decentralization and security (the chain is much smaller). Despite being open source (like Bitcoin), it has some advantages such as obfuscated transactions. An AI agent could analyze consensus, mempool, RPC/API, key management, etc. and find bugs such as memory corruption, integer overflows, race conditions, validation, invalid transactions, logic, and network consensus (51% attacks, double spending, DoS, block validation bugs, etc.), but it would have difficulty executing all attacks that involve the use of public keys, spent amounts, etc. Monero uses: - Stealth addresses to hide the recipient. - Ring signatures / CLSAG to hide the input being spent. - RingCT hides the amount. - Bulletproofs+ allows you to prove that amounts are valid without revealing them. - Dandelion++ to improve the privacy of transaction propagation. AI can easily analyze code but cannot solve mathematically complex problems. Clearly, an attack could also work by performing temporal correlations: IP, node, transaction, traffic observation, fingerprinting, transaction propagation patterns, timing. However, these are always additional steps to be taken, made difficult by the transaction obfuscation that Monero performs.

🏹What is $PONS? How does PonsFamily work on Robinhood Chain? @ponsdotfamily is the largest memecoin factory on the Robinhood Chain. Sound familiar? Pump Fun. This launchpad makes it easy to create memecoins. Anyone can choose: - a name. - symbol. - image. - description. - social page (X, Telegram). - paired asset. Advanced features: - holder fee sharing. - creator tax. - snipe tax exemptions. The platform distributes a token with a fixed supply of $1 billion directly into a trading pool: no waiting, no coding, no team allocation. The $PONS (platform native token) is soaring to a MCap of nearly $600 million; if you had bought $5,000 worth of $PONS in mid-July, you would have over $1 million today. Approximately 80% of Pons' revenue funds an automated buyback and burn program: the platform uses trading fees to buy $PONS on the market and permanently burn them, reducing the supply. About 29% of the original $1 billion tokens, or approximately 288 million, have now been destroyed, leaving an effective supply of approximately 712 million. On August 31st, 27,800 assets were reportedly launched on Robinhood, over 17,900 of which came from Pons. Not only has Pons generated more revenue than the entire Robinhood Chain in the last week, but in 24 hours, the platform generated $4.73 million in fees, more than Hyperliquid and Polymarket combined.

✅ Arbitrage with CrossEx successfully done This early user has already FULLY REALIZED their position that matured on 28 August, pocketing the profit. Since then, they've rolled over their capital to the next maturity window 👇

We're sketching these directions from what we're seeing across the ecosystem, but we'd love more than nothing to hear from the actual people trading on Pendle every day - you 🫵 Help us shape our next moves. Drop your ideas on our Discord, or send us feedback straight from the app by tapping on Professor Peepo. We read everything 💙 Discord: pendle.finance/discord App: app.pendle.finance/trade/mar…

Pendle is shipping at warp speed ⚡️ Next up, turning complex yield flows into 1–2 clicks, so you can access more opportunities with ease. Here are some of the directions we’re exploring. What do YOU want most, or what did we miss? Dream big and let us know👇