Powerpei
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Don't confuse tokenized deposits (Tokenised Deposits) with ordinary RWA government bonds
Today @MidnightNetwork finalized the cooperation with Monument at the Blockworks summit in New York
The underlying logic is to attempt to pull the core assets of banks directly onto the blockchain
Traditional bank money has always wanted to enter Web3, but the fatal flaw is the issue of the naked ledger
No licensed institution dares to expose the details of billions in deposits and the trajectory of fund transfers on the public chain around the clock
That would be like handing a knife to all commercial competitors and MEV traps around the clock
Midnight's current positioning is extremely precise
Its privacy architecture with an authorized perspective
Just happens to be a protective shield tailored for those old financial players who are afraid of revealing their底牌
Yet have to deal with anti-money laundering audits every day
If Monument can really run the tokenized settlement of deposits here
It will connect the backbone network of the commercial banking system
The level of capital inflow of this magnitude, and the stickiness of deposits far exceed the liquidity mining we usually engage in
Once it takes root, Midnight will no longer be a simple privacy technology stack
But will directly become the settlement infrastructure of traditional capital markets
That said, listening to institutions tell stories and seeing real TVL materialize are two different things
This kind of transformation involving the core business of banks and the tug-of-war over regulatory compliance is usually extremely lengthy
The mainnet is still in the sprint phase, and the high-profile appearance at this summit is more about both parties strategically positioning themselves on the eve of RWA's explosive growth
Keep a close eye on whether there is real test capital coming into this business
If this secretive and compliant settlement path can really be established
In the future, those public chains with fully transparent ledgers
May not even qualify to bid in front of institutional capital. #night $NIGHT
Today @MidnightNetwork finalized the cooperation with Monument at the Blockworks summit in New York
The underlying logic is to attempt to pull the core assets of banks directly onto the blockchain
Traditional bank money has always wanted to enter Web3, but the fatal flaw is the issue of the naked ledger
No licensed institution dares to expose the details of billions in deposits and the trajectory of fund transfers on the public chain around the clock
That would be like handing a knife to all commercial competitors and MEV traps around the clock
Midnight's current positioning is extremely precise
Its privacy architecture with an authorized perspective
Just happens to be a protective shield tailored for those old financial players who are afraid of revealing their底牌
Yet have to deal with anti-money laundering audits every day
If Monument can really run the tokenized settlement of deposits here
It will connect the backbone network of the commercial banking system
The level of capital inflow of this magnitude, and the stickiness of deposits far exceed the liquidity mining we usually engage in
Once it takes root, Midnight will no longer be a simple privacy technology stack
But will directly become the settlement infrastructure of traditional capital markets
That said, listening to institutions tell stories and seeing real TVL materialize are two different things
This kind of transformation involving the core business of banks and the tug-of-war over regulatory compliance is usually extremely lengthy
The mainnet is still in the sprint phase, and the high-profile appearance at this summit is more about both parties strategically positioning themselves on the eve of RWA's explosive growth
Keep a close eye on whether there is real test capital coming into this business
If this secretive and compliant settlement path can really be established
In the future, those public chains with fully transparent ledgers
May not even qualify to bid in front of institutional capital. #night $NIGHT
PINNED
Is full anonymity on the internet a trap? A familiar person cleared their on-chain assets and fled, Midnight tore off the veil of privacy
Yesterday, a familiar person made a transaction on a supposedly fully anonymous mixing platform
As a result, the tracing company found several of his main associated addresses, clearing his assets overnight and fleeing
After being in this circle for a long time, you will discover a cruel truth:
The so-called on-chain privacy is mostly just self-deception
As long as your data (even if encrypted) remains on the public ledger, it’s only a matter of time before someone strips you bare with the improvement of computing power and the evolution of AI analysis tools
This forced me to reevaluate @MidnightNetwork the Nightpaper that was thrown out
As a result, the tracing company found several of his main associated addresses, clearing his assets overnight and fleeing
After being in this circle for a long time, you will discover a cruel truth:
The so-called on-chain privacy is mostly just self-deception
As long as your data (even if encrypted) remains on the public ledger, it’s only a matter of time before someone strips you bare with the improvement of computing power and the evolution of AI analysis tools
This forced me to reevaluate @MidnightNetwork the Nightpaper that was thrown out
Precision Stop-Loss Swept by Spike! Is Human Monitoring in the Coin Circle Always a Loss? Binance AI Pro Public Test Saves the Day
Last night, I couldn't hold on any longer, so I set an extremely conservative stop-loss and went to sleep. As a result, when I woke up in the morning, I found that it was precisely swept away by a spike, and then the market directly took off.
Looking at the transaction emails in the backend, I don't even have the strength to smash the keyboard.
In this 24-hour grinding machine, it's really hard for a human body to compete with those cold-blooded scripts.
I had always wanted to rent a third-party quantitative robot, but those random tools on the market often require the API trading permissions of my main account.
In this hacker-filled circle, handing over the API of my base position makes it impossible for me to sleep at night.
Looking at the transaction emails in the backend, I don't even have the strength to smash the keyboard.
In this 24-hour grinding machine, it's really hard for a human body to compete with those cold-blooded scripts.
I had always wanted to rent a third-party quantitative robot, but those random tools on the market often require the API trading permissions of my main account.
In this hacker-filled circle, handing over the API of my base position makes it impossible for me to sleep at night.
Unlock new skills ai short video
I tried it out a bit, those who want to learn can DM
Still improving
I tried it out a bit, those who want to learn can DM
Still improving
In recent days, the group has been focused on the profits of a few local dogs in the hundreds of U, but no one has noticed that the US Congress has just laid out the blueprint for the next bull market.
The hearing directly revealed: Tokenization and RWA.
This is not just a self-indulgence of those small crypto workshops.
This is about forcing giants like the NYSE to shove traditional assets into the blockchain.
The door to institutional funds is changing from a crack to a national highway.
More importantly, the revision of the Clarity Act stablecoin bill.
"Prohibit pure holding of income, retain activity rewards."
This means that in the future, if stablecoins want to pay interest, they must wrap themselves in a layer of DeFi activities.
This directly forces liquidity from centralized exchanges into on-chain protocol pools.
Stop only staring at K lines to guess ups and downs every day.
Go see where this compliant railway is being laid; that is where the next cycle will allow even pigs to fly.
#crypto #RWA
The hearing directly revealed: Tokenization and RWA.
This is not just a self-indulgence of those small crypto workshops.
This is about forcing giants like the NYSE to shove traditional assets into the blockchain.
The door to institutional funds is changing from a crack to a national highway.
More importantly, the revision of the Clarity Act stablecoin bill.
"Prohibit pure holding of income, retain activity rewards."
This means that in the future, if stablecoins want to pay interest, they must wrap themselves in a layer of DeFi activities.
This directly forces liquidity from centralized exchanges into on-chain protocol pools.
Stop only staring at K lines to guess ups and downs every day.
Go see where this compliant railway is being laid; that is where the next cycle will allow even pigs to fly.
#crypto #RWA
Get up from where you fell
Retail investors should not be greedy
Moving bricks is also not bad $BANANAS31
Retail investors should not be greedy
Moving bricks is also not bad $BANANAS31
Powerpei
·
--
Failed to move bricks
Last night, a position was forcibly closed
Today, I have to work hard to fill the pit $BANANAS31
Last night, a position was forcibly closed
Today, I have to work hard to fill the pit $BANANAS31
I just saw someone in a wool group post hundreds of invalid airdrop addresses, saying their account was banned and they couldn't receive the tokens.
These days, airdrops are no longer a money-splashing game.
Now many projects, after completing their airdrops, have dead accounts and witch accounts that take the tokens and dump them, leaving the remaining live ones to take the hit, creating a chaotic ecosystem.
So when I looked at the white paper for @MidnightNetwork , I thought its three-tier distribution mechanism was particularly brilliant.
This combination of tactics is aimed at preventing bot activity and purifying the chips.
➢ First is Glacier Drop.
Directly airdrop to Cardano holders based on snapshots, zero cost, zero Gas. This move stabilized the earliest foundational base.
➢ Next is Scavenger Mine.
During the testnet phase, it doesn't matter how much U you store, but whether you completed tasks and are a real Builder, exchanging contributions for $NIGHT .
➢ The most intense is the third step: Lost-and-Found.
Those invalid addresses or long-unclaimed dead chips will be automatically recovered by the system and reallocated to the Treasury for subsequent distribution.
Coupled with a linear unlocking period of up to 450 days for the remaining tokens,
This mechanism keeps those who only want to “mine, withdraw, and sell” out.
Many who are used to making quick money find it slow and not highly profitable.
But this is precisely a necessary condition for a privacy chain to survive in the heavily regulated environment of 2026.
Not relying on VC pre-mining to dump, but rather exchanging real contributions and time for space.
If you're still expecting a wave of wealth, don't touch it.
But if you value the cleanliness of chip distribution, this infrastructure with self-cleaning capabilities is worth long-term attention. #night
These days, airdrops are no longer a money-splashing game.
Now many projects, after completing their airdrops, have dead accounts and witch accounts that take the tokens and dump them, leaving the remaining live ones to take the hit, creating a chaotic ecosystem.
So when I looked at the white paper for @MidnightNetwork , I thought its three-tier distribution mechanism was particularly brilliant.
This combination of tactics is aimed at preventing bot activity and purifying the chips.
➢ First is Glacier Drop.
Directly airdrop to Cardano holders based on snapshots, zero cost, zero Gas. This move stabilized the earliest foundational base.
➢ Next is Scavenger Mine.
During the testnet phase, it doesn't matter how much U you store, but whether you completed tasks and are a real Builder, exchanging contributions for $NIGHT .
➢ The most intense is the third step: Lost-and-Found.
Those invalid addresses or long-unclaimed dead chips will be automatically recovered by the system and reallocated to the Treasury for subsequent distribution.
Coupled with a linear unlocking period of up to 450 days for the remaining tokens,
This mechanism keeps those who only want to “mine, withdraw, and sell” out.
Many who are used to making quick money find it slow and not highly profitable.
But this is precisely a necessary condition for a privacy chain to survive in the heavily regulated environment of 2026.
Not relying on VC pre-mining to dump, but rather exchanging real contributions and time for space.
If you're still expecting a wave of wealth, don't touch it.
But if you value the cleanliness of chip distribution, this infrastructure with self-cleaning capabilities is worth long-term attention. #night
I just had pig trotter rice downstairs, eating while browsing the newly released Token classification guidelines jointly published by the SEC and CFTC.
These two departments have been at odds for so many years, and this time they surprisingly managed to unify the regulatory standards for most payment tokens.
➢ With the macro-level green light shining, looking back at Binance seamlessly extending the USD1 reward event to April 17 (along with dumping 135 million $WLFI into the reward pool).
The hidden connections behind it are very clear.
Setting aside the appearance of exchanges providing benefits, this is essentially a scheme to seize the territory of compliant stablecoins.
➢ Currently, the market value of USD1 is stable at 4.4 billion dollars, ranking sixth globally.
Setting aside the cold, hard market value, its penetration speed at the application level is somewhat beyond expectations.
A few days ago, AgentPay SDK announced it would be open-sourced.
It directly grants EVM chain AI Agents the autonomy to pay USD1.
➢ This is laying the foundational settlement network for the future machine economy.
In addition, the PerleAI creator rewards directly use USD1 for payment.
The official even specially published a statement clarifying "purely voluntary choice, no commercial cooperation whatsoever."
Real business scenarios are starting to cast their votes with their feet, which is more effective than any promotional campaign.
➢ The business is indeed running fast, but the economic model of $WLFI remains an unstable factor.
The project side treats WLFI as a costless fuel, crazily subsidizing and feeding back into the USD1 ecosystem.
However, 80% of the pre-sale chips are still tightly locked.
Only dilution, without substantial buyback or destruction mechanisms, early holders are completely bearing the costs of system expansion unilaterally.
For us retail investors, the optimal solution at this stage is to honestly stay in the Binance account, earning that approximately 8% risk-free APR.
Note: The above content is solely personal opinion and does not constitute any investment advice #USD1
These two departments have been at odds for so many years, and this time they surprisingly managed to unify the regulatory standards for most payment tokens.
➢ With the macro-level green light shining, looking back at Binance seamlessly extending the USD1 reward event to April 17 (along with dumping 135 million $WLFI into the reward pool).
The hidden connections behind it are very clear.
Setting aside the appearance of exchanges providing benefits, this is essentially a scheme to seize the territory of compliant stablecoins.
➢ Currently, the market value of USD1 is stable at 4.4 billion dollars, ranking sixth globally.
Setting aside the cold, hard market value, its penetration speed at the application level is somewhat beyond expectations.
A few days ago, AgentPay SDK announced it would be open-sourced.
It directly grants EVM chain AI Agents the autonomy to pay USD1.
➢ This is laying the foundational settlement network for the future machine economy.
In addition, the PerleAI creator rewards directly use USD1 for payment.
The official even specially published a statement clarifying "purely voluntary choice, no commercial cooperation whatsoever."
Real business scenarios are starting to cast their votes with their feet, which is more effective than any promotional campaign.
➢ The business is indeed running fast, but the economic model of $WLFI remains an unstable factor.
The project side treats WLFI as a costless fuel, crazily subsidizing and feeding back into the USD1 ecosystem.
However, 80% of the pre-sale chips are still tightly locked.
Only dilution, without substantial buyback or destruction mechanisms, early holders are completely bearing the costs of system expansion unilaterally.
For us retail investors, the optimal solution at this stage is to honestly stay in the Binance account, earning that approximately 8% risk-free APR.
Note: The above content is solely personal opinion and does not constitute any investment advice #USD1
After the DeFi chain reaction disaster, why does Midnight dare to say 'not afraid of protocol nesting'?
Last night in a private group of veteran players, everyone was watching as a DeFi protocol focused on multi-layer nested yields was taken down by hackers.
Losing tens of thousands of U is a minor issue; the most frustrating part is that until the pool was drained, no one understood where the vulnerability actually lay.
This is the most critical flaw of the so-called DeFi Lego today:
You think you've built an indestructible fortress, but as long as one underlying chicken protocol has an issue, the entire system can instantly crash in a chain reaction.
This systemic collapse caused by the combination of protocols truly evokes a physiological despair regarding on-chain security.
Losing tens of thousands of U is a minor issue; the most frustrating part is that until the pool was drained, no one understood where the vulnerability actually lay.
This is the most critical flaw of the so-called DeFi Lego today:
You think you've built an indestructible fortress, but as long as one underlying chicken protocol has an issue, the entire system can instantly crash in a chain reaction.
This systemic collapse caused by the combination of protocols truly evokes a physiological despair regarding on-chain security.
MicroStrategy is on the move again
Quietly added 1031 BTC
Old Saylor now holds 762,000 bitcoins
He has truly embedded dollar-cost averaging in his bones
The market has been quite interesting these past few days, showing a clear "spot and contract divergence":
On one side, MicroStrategy and ETFs continue to accumulate in the spot market, with institutional net inflows never stopping
On the other side, looking at the derivative data, the leveraged long positions are pitifully weak
Everyone is afraid of a pullback, and even going long doesn’t dare to use leverage anymore
This state indicates that the market is still in a washout cycle
Institutions are gradually sucking liquidity dry with spot, while retail investors are repeatedly rubbed into losing faith in contracts
There's no need to chase highs or guess tops at this position
If you have spot holdings, learn from Saylor and play dead
If you want to trade contracts, control your hands, and wait for this wave of volatility to clarify the direction before acting.
#BTC #etf
Quietly added 1031 BTC
Old Saylor now holds 762,000 bitcoins
He has truly embedded dollar-cost averaging in his bones
The market has been quite interesting these past few days, showing a clear "spot and contract divergence":
On one side, MicroStrategy and ETFs continue to accumulate in the spot market, with institutional net inflows never stopping
On the other side, looking at the derivative data, the leveraged long positions are pitifully weak
Everyone is afraid of a pullback, and even going long doesn’t dare to use leverage anymore
This state indicates that the market is still in a washout cycle
Institutions are gradually sucking liquidity dry with spot, while retail investors are repeatedly rubbed into losing faith in contracts
There's no need to chase highs or guess tops at this position
If you have spot holdings, learn from Saylor and play dead
If you want to trade contracts, control your hands, and wait for this wave of volatility to clarify the direction before acting.
#BTC #etf
Take the kids at home to the mall to grab dolls
Spent nearly a hundred coins, and just as I saw the claw securely grasping the plush toy, when it was lifted into the air, the iron claw suddenly let go as if it had lost power
You know that this broken machine has a predetermined payout rate, but looking at that sparkling limited edition toy in the glass case, you always feel like you might be the exception.
The mentality of these retail investors rushing towards $SIREN is exactly the same as mine when I was red-eyed in front of the claw machine
Recently in the group, someone is shouting about this new king of AI plus Meme every day
Watching the soaring and plummeting candlestick charts is indeed thrilling. I casually checked its holding distribution on the blockchain explorer
After looking, I directly closed the trading interface.
66.5% of the chips are quietly lying in just 48 wallets
The funniest thing about this circle is that everyone is seriously discussing AI empowerment and decentralized narratives regarding such a highly controlled market
In the face of absolute control ratio, discussing fundamentals is purely a waste of time
When 48 people hold enough to smash through the liquidity pool multiple times, you think you are engaging in market competition, but in reality, you are just praying that these big guys are in a good mood today and will delay pressing the sell button.
They are currently pushing the price up with dramatic fluctuations, just to boost the trading volume, making the candlestick charts look popular, attracting those restless idle funds from outside to fill the pits.
I see that there are still people in the community arguing about whether this is a giant whale washout
You sit at a poker table and find that the 48 people across from you are signaling each other, and you are still studying whether your own cards are good?
Let those who want to make money do so
I need to go online and buy an identical plush toy to trick the kids; I will definitely not invest another coin in this mall's machine.
Spent nearly a hundred coins, and just as I saw the claw securely grasping the plush toy, when it was lifted into the air, the iron claw suddenly let go as if it had lost power
You know that this broken machine has a predetermined payout rate, but looking at that sparkling limited edition toy in the glass case, you always feel like you might be the exception.
The mentality of these retail investors rushing towards $SIREN is exactly the same as mine when I was red-eyed in front of the claw machine
Recently in the group, someone is shouting about this new king of AI plus Meme every day
Watching the soaring and plummeting candlestick charts is indeed thrilling. I casually checked its holding distribution on the blockchain explorer
After looking, I directly closed the trading interface.
66.5% of the chips are quietly lying in just 48 wallets
The funniest thing about this circle is that everyone is seriously discussing AI empowerment and decentralized narratives regarding such a highly controlled market
In the face of absolute control ratio, discussing fundamentals is purely a waste of time
When 48 people hold enough to smash through the liquidity pool multiple times, you think you are engaging in market competition, but in reality, you are just praying that these big guys are in a good mood today and will delay pressing the sell button.
They are currently pushing the price up with dramatic fluctuations, just to boost the trading volume, making the candlestick charts look popular, attracting those restless idle funds from outside to fill the pits.
I see that there are still people in the community arguing about whether this is a giant whale washout
You sit at a poker table and find that the 48 people across from you are signaling each other, and you are still studying whether your own cards are good?
Let those who want to make money do so
I need to go online and buy an identical plush toy to trick the kids; I will definitely not invest another coin in this mall's machine.
Failed to move bricks
Last night, a position was forcibly closed
Today, I have to work hard to fill the pit $BANANAS31
Last night, a position was forcibly closed
Today, I have to work hard to fill the pit $BANANAS31
In the morning, I took my father-in-law to the hospital for a check-up.
The registration and queue names of everyone are public and transparent, so nobody can cut in line.
But once any issues are found, only the doctor’s family can see the test results.
Public registration, private treatment. The real world has long understood this process.
Yet, a group of techies in the crypto world often can’t get their heads around it; once they get into finance, they either make the entire network exposed or turn it into an absolute black box.
Following this line of thought, I specifically took apart and analyzed the recently updated underlying architecture of @MidnightNetwork today.
It didn’t take an extreme black-and-white approach; instead, it adopted a very insidious Combined Model.
The underlying layer directly used the eUTXO architecture of Cardano.
This thing inherently has no global state lock and allows for high concurrency.
It is most suitable for creating a completely private underlying capital pool.
This part is the "dark pool."
On top of that, it has layered a similar account-based smart contract execution layer as Ethereum.
This part is the "front-facing shop."
The most vicious aspect of this patchwork is that it has forcefully created four combinations of issuing tokens and writing contracts for developers:
Ledger Token (native underlying currency) vs Contract Token (contract currency) ❌ Public vs Shielded.
This means you can now completely use its Compact language to build a 'front shop, back factory' DApp.
The front end has a publicly visible order book to attract retail investors to trade.
The core matching logic and institutional capital pool in the back end are all run through Shielded UTXO for dark box operations.
In front of those advocating extreme privacy or developer-friendly single-model public chains,
Midnight's attempt at a hybrid architecture trying to have it all is indeed ridiculously ambitious.
But anyone who has written code knows that forcibly stitching two bases together will lead to a steep learning curve, not to mention that a few severe bugs during the initial launch phase are almost inevitable.
Whether the proof generation cost (Gas fee) can be reduced is the lifeline to whether it can truly swallow this piece of institutional fat. #night $NIGHT
The registration and queue names of everyone are public and transparent, so nobody can cut in line.
But once any issues are found, only the doctor’s family can see the test results.
Public registration, private treatment. The real world has long understood this process.
Yet, a group of techies in the crypto world often can’t get their heads around it; once they get into finance, they either make the entire network exposed or turn it into an absolute black box.
Following this line of thought, I specifically took apart and analyzed the recently updated underlying architecture of @MidnightNetwork today.
It didn’t take an extreme black-and-white approach; instead, it adopted a very insidious Combined Model.
The underlying layer directly used the eUTXO architecture of Cardano.
This thing inherently has no global state lock and allows for high concurrency.
It is most suitable for creating a completely private underlying capital pool.
This part is the "dark pool."
On top of that, it has layered a similar account-based smart contract execution layer as Ethereum.
This part is the "front-facing shop."
The most vicious aspect of this patchwork is that it has forcefully created four combinations of issuing tokens and writing contracts for developers:
Ledger Token (native underlying currency) vs Contract Token (contract currency) ❌ Public vs Shielded.
This means you can now completely use its Compact language to build a 'front shop, back factory' DApp.
The front end has a publicly visible order book to attract retail investors to trade.
The core matching logic and institutional capital pool in the back end are all run through Shielded UTXO for dark box operations.
In front of those advocating extreme privacy or developer-friendly single-model public chains,
Midnight's attempt at a hybrid architecture trying to have it all is indeed ridiculously ambitious.
But anyone who has written code knows that forcibly stitching two bases together will lead to a steep learning curve, not to mention that a few severe bugs during the initial launch phase are almost inevitable.
Whether the proof generation cost (Gas fee) can be reduced is the lifeline to whether it can truly swallow this piece of institutional fat. #night $NIGHT
The SEC has finally relented, directly canceling the 30-day waiting period for Bitcoin/Ethereum ETF options.
With the NYSE raising limits, FLEX options can immediately take off.
This news actually only indicates one thing: Wall Street's thirst for liquidity can no longer wait for those old procedural processes.
Fidelity is still desperately trying to shove Crypto into traditional brokerage systems.
These pieces of news stacked together mean that institutions are massively building a "toll booth" for derivatives.
Retail investors are watching the spot K-line, while institutions are setting up options casinos.
The more complete the tools, the bloodier the game of volatility.
#crypto #etf #SEC
With the NYSE raising limits, FLEX options can immediately take off.
This news actually only indicates one thing: Wall Street's thirst for liquidity can no longer wait for those old procedural processes.
Fidelity is still desperately trying to shove Crypto into traditional brokerage systems.
These pieces of news stacked together mean that institutions are massively building a "toll booth" for derivatives.
Retail investors are watching the spot K-line, while institutions are setting up options casinos.
The more complete the tools, the bloodier the game of volatility.
#crypto #etf #SEC
The Bottom Card that Doesn't Fall in a Bear Market: Midnight On-chain Treasury, a ruthless move to turn 'no one uses it' into income.
In the past few days, I saw several reports from old L2 projects, and they were just hard to look at.
Due to the drastic drop in on-chain activity during this period.
Their gas revenue simply cannot cover the data availability (DA) fees paid to the Ethereum mainnet, losing money every day.
This is actually a common problem for all public chains now: during a bull market, they rake in fees until their hands are sore, but in a bear market, when no one is playing, they can't even earn back the server electricity costs.
This extremely dependent business model on daily active users is too fragile.
It was while comparing these bad debts that I stumbled upon @MidnightNetwork the latest published Tokenomics white paper hiding an extremely cunning mechanism: On-chain Treasury.
Due to the drastic drop in on-chain activity during this period.
Their gas revenue simply cannot cover the data availability (DA) fees paid to the Ethereum mainnet, losing money every day.
This is actually a common problem for all public chains now: during a bull market, they rake in fees until their hands are sore, but in a bear market, when no one is playing, they can't even earn back the server electricity costs.
This extremely dependent business model on daily active users is too fragile.
It was while comparing these bad debts that I stumbled upon @MidnightNetwork the latest published Tokenomics white paper hiding an extremely cunning mechanism: On-chain Treasury.
Oil prices surged by 1.73 yuan tonight! Shenzhen 92# skyrocketed to 9.31 yuan, filling a tank costs an extra 86 yuan
At 24:00 on March 23, domestic refined oil witnessed the largest increase of the year
✅ Shenzhen 92#: from 7.66 yuan → about 9.31 yuan (+1.65 yuan)
✅ Beijing 92#: from 7.64 yuan → about 9.37 yuan
✅ Shanghai 92#: from 7.60 yuan → about 9.33 yuan
✅ Many places across the country have officially entered the 9 yuan era!
Filling a 50L tank costs an extra 80~90 yuan (Zhuochuang Information estimated: 92# about +1.73 yuan per liter)
Sinopec has even sent text messages reminding to "refuel during off-peak hours"! International oil prices have surged over 112+ USD due to conflicts in the Middle East, and the blockage of the Strait of Hormuz has affected domestic prices
Shenzhen/HK drivers, how much is 92# per liter for you now?
Should we fill up tonight or wait for electric vehicles to save us? Vote: If oil prices exceed 9 yuan, you will:
A. Switch to electric vehicle immediately
B. Continue using fuel
C. Take public transport/subway/high-speed train
Report your city's oil prices in the comments + share with driving friends! Start saving money now 👇 #油价
At 24:00 on March 23, domestic refined oil witnessed the largest increase of the year
✅ Shenzhen 92#: from 7.66 yuan → about 9.31 yuan (+1.65 yuan)
✅ Beijing 92#: from 7.64 yuan → about 9.37 yuan
✅ Shanghai 92#: from 7.60 yuan → about 9.33 yuan
✅ Many places across the country have officially entered the 9 yuan era!
Filling a 50L tank costs an extra 80~90 yuan (Zhuochuang Information estimated: 92# about +1.73 yuan per liter)
Sinopec has even sent text messages reminding to "refuel during off-peak hours"! International oil prices have surged over 112+ USD due to conflicts in the Middle East, and the blockage of the Strait of Hormuz has affected domestic prices
Shenzhen/HK drivers, how much is 92# per liter for you now?
Should we fill up tonight or wait for electric vehicles to save us? Vote: If oil prices exceed 9 yuan, you will:
A. Switch to electric vehicle immediately
B. Continue using fuel
C. Take public transport/subway/high-speed train
Report your city's oil prices in the comments + share with driving friends! Start saving money now 👇 #油价
A. 马上换电车
B. 继续烧油
C. 改坐公交/地铁/高铁
6 hr(s) left
Waking up, another tragedy happened in the DeFi circle
The Resolv protocol was hacked with a cost of 100,000 to 200,000 USDT
It forcibly printed tens of millions of air USR, causing the price to collapse by 70%
The most critical issue is that this fire has spread to top protocols like Morpho, Fluid, and Lista, resulting in a loss of 25 million dollars
The biggest illusion in playing DeFi is thinking that "stablecoins are as stable as a mountain"
As long as it's code, there is a risk of being breached
In today's volatile market, security vulnerabilities are the last straw that breaks the camel's back
Be cautious with the USDT in your wallet, don't authorize recklessly
#defi
The Resolv protocol was hacked with a cost of 100,000 to 200,000 USDT
It forcibly printed tens of millions of air USR, causing the price to collapse by 70%
The most critical issue is that this fire has spread to top protocols like Morpho, Fluid, and Lista, resulting in a loss of 25 million dollars
The biggest illusion in playing DeFi is thinking that "stablecoins are as stable as a mountain"
As long as it's code, there is a risk of being breached
In today's volatile market, security vulnerabilities are the last straw that breaks the camel's back
Be cautious with the USDT in your wallet, don't authorize recklessly
#defi
The market has been stagnant these past few days
As soon as the gunfire broke out in the Middle East, Bitcoin fluctuated around 69,000, and Ethereum could barely hold above 2,100
In this garbage time, there’s no desire to open positions, so I simply sat in my chair flipping through the technical documents of @MidnightNetwork
After understanding their Kachina protocol, a thought flashed through my mind
In the past, when we played privacy projects, the logic was very simple and crude: a black box for the entire network
Degens were happy, but the regulars on Wall Street didn’t even dare to take a glance because they couldn’t explain it to the SEC
What makes the Midnight group cunning is that they turned privacy into a theft-proof door with a switch
The core is that Audit Key
Suppose you are doing some DeFi lending or issuing an RWA asset on it
You can encrypt all the counterparty, capital scale, and transaction trajectory
External crawlers can’t see a thing
But if today the regulatory authorities or auditing companies come to check the accounts
You can directly use code to generate a targeted proof and send it over
This can confirm to them that you haven’t violated any rules while not exposing your core business secrets
Completely blind to the public, and transparently directed to the regulators
It’s 2026, and institutional big money is still hesitant to move real core assets onto the chain
The deadlock is the fear of being seen by those on-chain detectives and quantitative robots
Midnight’s selective disclosure approach essentially provides a perfect exit strategy for traditional institutions
But I have to pour some cold water on this
How exactly will the permissions of the Audit Key be allocated?
What if a court somewhere forces you to unconditionally unlock data? Can your cryptographic defenses withstand physical sanctions?
Moreover, whether those old-school auditors in traditional finance currently recognize your kind of ZK proof is still a big question mark
The market still looks like it’s leaking downwards, so let’s not dwell on these grand infrastructures for now
I need to calculate the liquidation price of my Ethereum long position to avoid being taken away by a needle in the middle of the night #night $NIGHT
As soon as the gunfire broke out in the Middle East, Bitcoin fluctuated around 69,000, and Ethereum could barely hold above 2,100
In this garbage time, there’s no desire to open positions, so I simply sat in my chair flipping through the technical documents of @MidnightNetwork
After understanding their Kachina protocol, a thought flashed through my mind
In the past, when we played privacy projects, the logic was very simple and crude: a black box for the entire network
Degens were happy, but the regulars on Wall Street didn’t even dare to take a glance because they couldn’t explain it to the SEC
What makes the Midnight group cunning is that they turned privacy into a theft-proof door with a switch
The core is that Audit Key
Suppose you are doing some DeFi lending or issuing an RWA asset on it
You can encrypt all the counterparty, capital scale, and transaction trajectory
External crawlers can’t see a thing
But if today the regulatory authorities or auditing companies come to check the accounts
You can directly use code to generate a targeted proof and send it over
This can confirm to them that you haven’t violated any rules while not exposing your core business secrets
Completely blind to the public, and transparently directed to the regulators
It’s 2026, and institutional big money is still hesitant to move real core assets onto the chain
The deadlock is the fear of being seen by those on-chain detectives and quantitative robots
Midnight’s selective disclosure approach essentially provides a perfect exit strategy for traditional institutions
But I have to pour some cold water on this
How exactly will the permissions of the Audit Key be allocated?
What if a court somewhere forces you to unconditionally unlock data? Can your cryptographic defenses withstand physical sanctions?
Moreover, whether those old-school auditors in traditional finance currently recognize your kind of ZK proof is still a big question mark
The market still looks like it’s leaking downwards, so let’s not dwell on these grand infrastructures for now
I need to calculate the liquidation price of my Ethereum long position to avoid being taken away by a needle in the middle of the night #night $NIGHT
Panic Selling Day: Midnight's Minotaur consensus, redeeming the vulnerability of cryptocurrencies?
This morning I took a look at the options market data, and the protective premium for put options has reached an all-time high. The few brothers in the group who usually love to catch flying knives were all quiet today.
The big pancake fluctuated violently around 68,900, and Ethereum looks even worse, directly breaking through the support at 2100. The trigger is that everyone is watching the news: the geopolitical situation in the Strait of Hormuz has escalated again.
This kind of macro-level panic often exposes the soft underbelly of the system. When the price of coins plummets, the network is actually the most dangerous.
From panic to breakthrough: the clever approach of Minotaur consensus.
The big pancake fluctuated violently around 68,900, and Ethereum looks even worse, directly breaking through the support at 2100. The trigger is that everyone is watching the news: the geopolitical situation in the Strait of Hormuz has escalated again.
This kind of macro-level panic often exposes the soft underbelly of the system. When the price of coins plummets, the network is actually the most dangerous.
From panic to breakthrough: the clever approach of Minotaur consensus.
Recently, I’ve seen many guys start drawing lines again, saying that BTC has strong support around 68k, shouting to buy the dip.
I think they really don’t know how to write the character for death.
I just took a glance at the options panel, combined with the data provided by VanEck.
The premium for put protection has directly reached a historical high.
You might not understand this sentence.
Translated, it means: The guys on Wall Street managing hundreds of billions of dollars are now willing to spend ridiculously high amounts of money to buy downside insurance, instead of daring to go long naked at this position.
As a result, we retail traders with only a few thousand U in our pockets actually dare to use leverage to catch falling knives?
This is definitely not a technical correction.
When the situation in the Strait of Hormuz gets tense, U.S. stocks and gold lead the sell-off. Once this level of macroeconomic meat grinder starts operating,
those K-line theories that you are so proud of will barely be useful for wiping.
Look at Ethereum, the so-called iron bottom of 2100 was pierced instantly, and the funds retreated without looking back.
Having lived in this circle for so long, I only believe in one rule: When institutions are willing to spend astronomical prices to buy "put options," they must have seen a storm that we cannot see.
As for me, I’ve closed all my long positions and left some spot to play dead.
At this time, whoever wants to catch the dip can go ahead. I’m going downstairs to buy a pack of cigarettes, watching you perform #霍尔木兹海峡 .
I think they really don’t know how to write the character for death.
I just took a glance at the options panel, combined with the data provided by VanEck.
The premium for put protection has directly reached a historical high.
You might not understand this sentence.
Translated, it means: The guys on Wall Street managing hundreds of billions of dollars are now willing to spend ridiculously high amounts of money to buy downside insurance, instead of daring to go long naked at this position.
As a result, we retail traders with only a few thousand U in our pockets actually dare to use leverage to catch falling knives?
This is definitely not a technical correction.
When the situation in the Strait of Hormuz gets tense, U.S. stocks and gold lead the sell-off. Once this level of macroeconomic meat grinder starts operating,
those K-line theories that you are so proud of will barely be useful for wiping.
Look at Ethereum, the so-called iron bottom of 2100 was pierced instantly, and the funds retreated without looking back.
Having lived in this circle for so long, I only believe in one rule: When institutions are willing to spend astronomical prices to buy "put options," they must have seen a storm that we cannot see.
As for me, I’ve closed all my long positions and left some spot to play dead.
At this time, whoever wants to catch the dip can go ahead. I’m going downstairs to buy a pack of cigarettes, watching you perform #霍尔木兹海峡 .
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