Blockchain changed my life to worse
Joined April 2021
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From July 1st MiCA rules wil be enforced, only licensed providers will be able to operate legally in Europe.
MiCA Transition Ends on July 1: Approximately 75% of EU Crypto Companies May Lose License
The EU’s MiCA transition period will end on July 1, after which crypto exchanges, brokers and wallet service providers without a MiCA license will no longer be able to serve EU users.
As of May 2026, only 194 crypto firms in the EU had obtained a license, compared with more than 3,000 registered crypto firms in 2024. Around 75% of existing firms are expected to lose operating eligibility.
Unlicensed platforms will need to stop new deposits and guide users to withdraw assets or transfer them to licensed firms. Regulators in some countries may also take measures such as website blocking and public warning lists.
semicrypto retweeted
We’re sharing our completed post-mortem on the April 18th incident, prepared with @Mandiant and @CrowdStrike. We are publishing both an executive summary and the full report at the link below.
Over the past four weeks, we’ve worked with hundreds of partners to help them understand their current security posture, and harden it where appropriate. We’ll continue this work, alongside taking additional proactive steps for the benefit of not only our partners, but also the ecosystem as a whole.
We want to extend our thanks to our partners for their support and patience this past month. There’s a reason that over $12 billion has moved across the network in the past four weeks, and why the world’s most valuable asset issuers have stood by our side: they believe in us, in what the LayerZero protocol has to offer, and in the value of modular, isolated, application-controlled security.
The work continues. And we look forward to continue showing up for the applications that trust us with their business, as well as the broader ecosystem.
layerzero.network/blog/layer…
semicrypto retweeted
Why are some protocols targeted and others aren’t?
Uniswap. Curve. Aave. Liquity…
None of them are attractive targets for this kind of attacks, because compromising their signers can’t drain the protocol.
Drift’s multisig could introduce new collateral.
So the 6month plan was to:
Compromise the signers → drain everything.
Multisigs are fine for operational tasks, but they’re not fine when they control collateral introduction or core protocol upgrades.
You can’t train your team to avoid a 6-month intelligence operation with $1M in real deposits and in-person meetings.
But you can architect your protocol so it doesn’t matter if they succeed.
Thanks for the transparency @DriftProtocol and wishing you all the best for the upcoming investigations 🤝
Let’s make DeFi safer together.
- xerberus
OFAC forced to cancel ban on Tornado Cash
District Court officially ordered to reverse sanctions against Tornado Cash. leviathannews.xyz/redirect/8…
semicrypto retweeted
On July 31st 2023, Alchemix's $alETH synthetic was impacted by the now infamous Curve reentrancy vulnerability. Thanks to the help of the wider community we managed to claw back everything the hacker stole, but the hacker left a mess, with over 4000 alETH and ~0 ETH in the Curve pool, making a feast for MEV bots. The aftermath left our team demoralized, with our efforts to restore its price repeatedly stymied by the alETH lost to the MEV bandits. It has been a long recovery process to grind back up, requiring direct market action from our treasury, protocol mechanisms, and focused effort from our BD team. It is now getting close to being near it's price target of 0.99~ ETH, sitting at ~0.97 now.
I thought it was over at times. I struggled with mental health that spilled over into chronic physical pain that I am still dealing with to this day. But thankfully, with the support of my team, my friends, and the @AlchemixFi community, we stuck it out and survived.
Now I am filled with hope and excitement as our team is nearing completion of our upcoming v3 -- a revolutionary and innovative new version that will fundamentally change Alchemix and extend the reach and scope of it, along with introducing new DeFi primitives. It's still got a little more cooking to do and then audits and the like, but the light is at the end of the tunnel. As we get closer to launching it, we will share all the details, and I hope that you, too, will be as excited as I am for it.
Thanks to everyone who has supported me and the team in our darkest hours. We aren't fucking leaving.
Congratulations @benjamincowen for the BTC.D call that you have been consistently following for almost 3 years now. Probably the only analyst out there calling for such an event. It's been a great journey following it along! I wish 60+% won't keep you up... At least tonight.
semicrypto retweeted
MKR has been down only since the rebrand announcement, losing 33% of its market price. Normally, this isn’t a huge issue. It’s just crypto being crypto. But Rune is borrowing against his MKR, and is now withdrawing large amounts from governance staking to shore up his positions
The US is already able to demix funds sent through Tornado cash, but Alex Pertsev is still in jail.
U.S. moves to seize $2.7 million from Lazarus hacks traced through Tornado Cash, other mixers theblock.co/post/319680/u-s-…
When they really want to know what is going on, they call the king 👑
LIVE NOW -- Where’s the ETH Bottom?
w/ Benjamin Cowen (@benjamincowen)
When is this all going to reverse?
That’s the question we asked Benjamin Cowen, YouTuber, Founder of Into The CryptoVerse and famous chart maximalist who does some fantastic technical analysis.
The main goal of this pod is to understand if we're currently going through Ethereum’s bottom, but we also cover:
- Are crypto 4-year cycles dead?
- What’s next for ETH/BTC?
- How’s Ben positioning his portfolio for what’s coming?
Except to learn that and much more...
========================================
Timestamps:
0:00 Intro
5:33 Where Are We?
7:44 4-Year Cycles
22:52 ETH/BTC Ratio
29:28 $ETH Price Analysis
37:55 Blue Chips vs Altcoins
55:32 ETH/BTC Final Equilibrium
1:01:11 Idiosyncratic Events
1:13:34 The Flippening
1:16:23 The Bull Market
1:20:58 2026
1:25:00 Presidential Election
1:27:30 Ben’s Portfolio
1:32:08 Closing Thoughts
semicrypto retweeted
1/6
Today, we’re launching The Alpha Challenge, a two-week experiment for the crypto community to test their on-chain analysis skills and for Wintermute to hire top talent
We've also collaborated with six companies to provide exciting awards for those who will not be hired👇
Unemployment rate at 4.3%.
The Sahm rule indicator just got triggered.
This indicator triggered unequivocally in all past recessions.
semicrypto retweeted
In a victory for the industry, a US federal court dismissed several #SEC claims against #Binance, ruling that:
1) Crypto tokens are not securities,
2) BNB sales on secondary exchanges were not adequately alleged to be securities,
3) BUSD is not a security.
Read more ⤵️
binance.com/en/blog/regulati…
semicrypto retweeted
Last week we saw a 2nd blob inversion event where L2s incurred an overpayment of ~166 ETH by including data in batches as blobdata instead of calldata. The team at Blocknative dug into the data to help understand what happened and why it happened. 🧵👇
blocknative.com/blog/june-20…
semicrypto retweeted
1/ Michael Egorov(@newmichwill) was liquidated ~140M $CRV($36.5M) today, but he did not seem to lose anything, as he had already cashed out and bought a mansion in 2023.
The losers are $CRV holders and investors who bought $CRV at $0.4 via OTC in August 2023.
