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Davide

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Davide
@0xdavide
šŸ§ On Feb 17, 2025, a person identified as Hu Lezhi transacted over 2,000 ETH, of which 603 ETH were burned (dead address). These transactions contain text messages in Chinese that refer to the use of ā€œbrain-machine weaponsā€ and ā€œbrain-controlled organizations". Hu Lezhi argues that it is not a simple tool, but a mechanism of oppression designed to deprive humans and animals of their autonomy, turning them into digital slaves. According to him, people no longer choose freely, but are manipulated and directed by algorithms that shape their thoughts and desires. Lezhiā€™s onchain activity, which took place between Feb 10 and 17, 2025, includes: ā€¢ 603 ETH were burned and sent to the 0x0dead address, permanently removing them from circulation (perhaps a symbolic protest?). ā€¢ 711.5 ETH were donated to WikiLeaks, accompanied by messages alleging mass mind control via brain nanochips.
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šŸŖ‚My Ranking Airdrops received! Since there are people who believe that airdrops are a waste of time, I will report the ranking of the largest airdrops I have received (from the first in DeFi: Uniswap in 2020). Clearly the equivalent in dollars is not the real gain I made because like everyone happens to sell too soon or too late. It is simply considered ATH based on the tokens I received in airdrop. šŸ“Ž>100k ā¬†ļø: šŸ”¹ Hyperliquid (EVM). šŸ“ŽBetween 30k and 20kā¬†ļø: šŸ”¹ Zksync (EVM). šŸ”¹ Ion (Cosmos Ecosystem). šŸ”¹ Celestia (Cosmos Ecosystem). šŸ”¹ Saga (Cosmos Ecosystem). This is complex to evaluate because you had to hold it to receive the next airdrops and you could never sell everything in ATH. The real value is quite lower considering that the 10 airdrops happened in the span of almost 1 year. šŸ“ŽBetween 19k and 15kā¬†ļø: šŸ”¹ Arbitrum (EVM). šŸ”¹ Uniswap (EVM).
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šŸšØšŸ”„āŒ About 2 weeks ago, a crazy prop was launched in $Cro Governance, passed off as the ā€œNew Golden Ageā€ of Crypto.com to put back into the market the 70 billion $Cro that had been burned in 2021 (the supply had gone from 100B to 30B). The aim would be to ā€œInvest in the United Statesā€, the prop passed thanks to the "YES" of 4,612,887,499 $Cro (equal to 62.18%). With this new mint, therefore, we will return to having a supply of about 100 billion, with an increase from the current values ā€‹ā€‹of +233%. For most of the duration, the result of the proposal was in balance but two large validators (Electron and Antares) brought the result on their side, with a gap of over 3 billion CRO from the NO.Their votes weighed 32.6% and 21.6% respectively. The proposal therefore ended with: āˆŽ7 YES āˆŽ46 NO āˆŽ1 NO with Veto (which would have led to the slashing of those who proposed it) āˆŽ5 ABSTAINS
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šŸšØHave you ever wondered how important token "unlocks" are? In general you should consider that VC invest in a project in the early stages (funding) and will get tokens at a discount (when it is created). The purchase price is so low that it is very likely that when they will get liquid tokens (after a vesting period) they will have nice multipliers to sell on the market (VC with the unlock of $Tia in October 2024 were doing between 100x and 150x, despite $Tia not being in ATH for a long time). Why does nothing happen on the unlock day? Simply unlock is priced in the previous months with market sales or short (perps/futures). Will VC, having obtained tokens from vesting, sell it? It depends. They are certainly not interested in long term (years) to hold any altcoin they invest in. Some VC may also decide to short token (with a small %) in their vesting months/years.
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šŸ“ŠWhat side are we in? This is how I imagine the market for the next few months (I say we are in point 4): āœ…Halving (2024), first phase of the BTC Bull Run with new ATH. āœ…Trump Administration: cancellation of all SEC lawsuits. āœ…Legalization/regulation of BTC/Crypto. āœ…Retracement (Decline) and accumulation. ā“ Weakening of the dollar, rate cuts, printing of money. ā“ Strong market restart + ETH ATH. ā“ Wild spam on social media, advertising, everyone seems to be making money (Altseason). ā“ Arrival of retails (Extreme Altseason). ā“ Liquidity returns to BTC.
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šŸŖ‚Are you trying out the Monad testnet? šŸ› ļøMonad is a limitless layer1 currently in testnet that has received a funding of 245M (including Paradigm). The main innovations are its own consensus algorithm, its own database and parallel (asynchronous) execution of transactions. It is EVM compatible. ā–¶ Main features: šŸ”¹ Asynchronous parallel execution Monad processes multiple transactions in parallel, rather than sequentially. This drastically reduces processing time and increases throughput (up to 10k/s). The concept is similar to that adopted by Solana, but with optimizations at the virtual machine level. šŸ”¹ Optimized consensus algorithm It uses the Byzantine Fault Tolerant (BFT) consensus protocol that reduces transaction latency, while increasing resistance to attacks.
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šŸŖ‚Are you using/farming Eclipse Chain? šŸŒ’Eclipse is a Layer2 that combines Ethereum and Solana (Backpack wallet). It uses the Solana Virtual Machine to execute smart contracts at high speed while relying on Ethereum as Layer1 for security and decentralization. As mentioned, it uses the SVM but is compatible with the Ethereum Virtual Machine via transpilation tools to run Solidity smart contracts on SVM. It leverages Celestia for data availability and Risc Zero for verifiable computation: āœ¦The use of Celestia (Cosmos Hub) as DA guarantees scalability and security by separating the execution layer from the data availability layer. āœ¦For verifiable computation, Eclipse integrates Risc Zero, a system based on Zero-Knowledge Proofs (ZKP) that allows you to verify off-chain execution in a trustless way, reducing the on-chain computational load. The result is a scalable solution with low transaction costs (use $ETH as gas fee), it is designed for use cases such as DeFi and gaming that require high speed.
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šŸ¦ šŸ“‰March 12, 2020 is remembered as the "Black Thursday" caused by the Covid Crash. It was one of the greatest opportunities of all time to buy $BTC and $ETH. On January 23, 2020, the Chinese province of Wuhan entered a strict lockdown. Deserted streets and minimal services offered. By early March, 118,000 people in 114 countries were affected. Italy was the first European country to impose a lockdown on March 9. On March 11, WHO officially declared Covid19 a pandemic, the USA banned travel from Europe. Due to economic, industrial and sector uncertainty such as tourism...March 12 was now known to us as the "Covid Crash" where S&P500 lost 9.5% and the Dow Jones 10%. BTC lost about 40% due to many traders with leveraged long positions who were liquidated in a chain, amplifying the crash. Many exchanges closed their order books temporarily, most notably Bitmex.
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ā˜ š’„†šŸ‘¾Even though it happened more than 1 month ago, the Social Engineering attack on the Ionic protocol was quite interesting. The attackers used a fraudulent imitation of the Lombard Bitcoin Token (LBTC) on the Mode network as collateral. Thanks to timely intervention, part of the funds were blocked, but the attacker still managed to move part of the loot to the Ethereum network and mix it with Tornado Cash. This story teaches 2 things: 1ļøāƒ£ Evolution of these increasingly sophisticated attacks. 2ļøāƒ£ The centralized nature of L2 sequencers. āœ…Phases of the Exploit: āœ¦The attacker deploys a fake token (LBTC) on the Mode network. āœ¦First contacts āœ† between the attacker and the Ionic team, where after weeks of negotiations he convinces the Ionic team to accept the fake LBTC as collateral. āœ¦ Creation of a pool on Balancer with 400k USD of liquidity and an API3 oracle to give credibility to the token. āœ¦ Approved on Ionic Mode Main Market (fake LBTC is approved).
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šŸšØThe turbulence on the stock market (in bubble) which also has repercussions (in leverage) on the crypto sector, sees among the main players with a big decline MSTR: the stock of Strategy by Michael Saylor (which lost 17%). MSTR is as if it were leveraged on BTC: both upwards and downwards (due to the issuance of debt with which the company buys BTC and this also pumps up the price of MSTR). The average load price is between 62k and 66,400$. Below this price, the company goes into loss and whoever wants to redeem would ask for "liquidity" and not MSTR shares. Going below this price does NOT mean that Strategy goes bankrupt or in crisis but simply into loss. However, if they have liquidity there would be no problems anyway.
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āŒšŸ“ˆWhen you read around "$XRP at 200$" or "X platform guarantees 10% per week" stay away because there is no infinite money! We often talk about "compound interest", "exponential growth" and "crazy prices" but always remember the well-known example of the "rice chessboard"! A merchant went to the King to show him a game he had invented: it was the game of chess. The King, intrigued, started playing and had a lot of fun. As a form of gratitude, the King asked his guest what he wanted as a gift. The merchant replied that he would be satisfied with receiving 1 grain of rice on the first square of the chessboard, 2 grains on the second, 4 grains on the third, etc. and so on up to the 64th square that completed the chessboard. The King, amazed by such modesty, ordered his officials to immediately satisfy the merchant's request.
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ā˜° After Optimistic Rollup (Arbitrum, Optimism and various OPstacks including Base, Mantle, Zora, Mode, Polynomial, etc) and zkRollups (Zksync, Starknet, Linea, Scroll, Taiko, ImmutableX), a new generation could be that of Parallel Rollups. Let's see the main ones that will appear in the coming months, the goal is to improve scalability (through transaction parallelization) and be less centralized. ā­Movement (MoveVM): integrates MoveVM technology into the Ethereum ecosystem, offering a flexible modular stack. The central idea is the implementation of parallel L2s similar to Op Stack. Movement operates as a sidechain with its own set of validators (like Polygon). DA is Celestia, TPS is 30k/s, the sequencer is decentralized. ā­MegaETH (EVM): introduces a new parallelization technology that almost completely eliminates the gas limit and through node diversification, achieves high scalability. DA uses EigenDA, TPS is 100k/s, L2 is Optimistic, but the sequencer is centralized.
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āš”ļø Synthetix Network has completely changed its Staking system. Up until 2 weeks ago, it was possible to stake $SNX, create debt in $SUSD and then use it for trading or other operations. The collateralization ratio was 500% with liquidation below 160%. After $SNX reached the maximum supply (ended emissions), stakers received burn fees (debt) and part of the liquidated $SNX. ā–¶Now the system changes from a "single pool" to a "general pool". WHAT CHANGES WITH THE MIGRATION TO POOL 420? āœ¦Linear forgiveness of the debt accumulated within 1 year (who burned their debt in the last few days?) but penal if you unstake before (with part of the residual debt to be repaid). Debt burns 50% after 6 months. Unstaking lasts 7 days. āœ¦For new users or debt-free stakers, there will be a special incentive program. āœ¦Elimination of liquidation risks.
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šŸ’¼šŸ‘”šŸ¤šŸ½Beware of social engineering attacks with fake job offers because they are spreading a lot. Which sites are used? X, CryptoJobsList, LinkedIn, WellFound. These sites are obviously legit. The scam is based on posting a job offer and waiting for the victim to contact the criminals. āš ļøSimilar scams can also occur through sponsorships on Youtube or job offers on X by trying/reviewing games. What is the goal? To make you download malware. In all cases the scam is carried out like this: 1) Scammers say they are interested in your profile, contact you and offer you an interview. 2) They could move the conversation to Telegram. 3) They propose a video call, where instead of Zoom or Google Meet, they tell you that it is better to use another software (for example GrassCall) because a manager is Asian and does not understand English (the nationality is adapted based on the person to be scammed). GrassCall would translate in real time from English to XXX language via AI.
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šŸŖ‚Even though OpenSea's XP doesn't seem to be up to date, farming it is important to: ā–¶ "Buy" ā–¶ "Sell" ā–¶ "Make sensible offers" ā–¶ "List your NFT" Another thing is NOT to interact with other NFT marketplaces (Blur and Magic Eden in particular). Interacting with competitors will hurt your score.OpenSea has categorized various NFT collections, which means that trading them will give a boost to your airdrop. For example, trading Gemesis, Doodles, Kaito Genesis, Azuki, Milady Maker and BAYC has a very positive impact on the XP you will earn. Other whitelisted collections include: Nakamigos, Seven Peaks of Celestial Stars, K-16 aka Karu, Doodles Genesis Box, Kemonokaki, DarkNOUNs , The Sandbox (Land), Skyborne Genesis Immortals, The Memes by 6529, Fake Rares, Rare Pepe, Peplicator by Matt Furie, and InfiniGods. The boost is 1x. SOME TIPS -Make competitive offers on entire collections. -Avoid buying/selling between your own addresses. -Use the 'sweep' function to buy multiple NFT at once.
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šŸ“ˆšŸ“£šŸ“‰What announcements will there be on March 7th from Trump? How will the market react? Trump will host White House Crypto Summit on March 7th with CEO and famous people from the crypto industry. The reserve announcement a few days ago was basically a "non announcement" or a pre-announcement. The BTC strategic reserve was quite predictable (surprising was the inclusion of other assets). However, nothing was said in that announcement. Key points are missing: 1) When will the buys start? (DCA) 2) What are the quantities for each asset? 3) What will the buying pressure be? (how many BTC per week/month?) 4) How will the strategic reserve be managed? 5) Will it be a simple DCA over the years or will there be rebalancing?
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šŸ˜ˆHave you ever heard of Tom Dante's "Demon Finder"? It is a trading journaling method that helps you identify self-destructive thought patterns and behaviors. The idea is to track every trade, highlighting not only the technical aspects (setup, risk management, execution), but also recurring thoughts and mistakes. This allows you to uncover unconscious negative patterns: the "demons" (such as overtrading, fear of losing, revenge on the market or insecurity). Remember that psychology and learning from mistakes counts a lot when you speculate on the markets. The three phrases you should make your own are: "How can you make more money from your winning trades?" "How can you lose less money from your losing trades?" "How can you generate more winning trades?"
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šŸ—£ļøTrump added to their strategic reserve: $BTC, $ETH, $XRP, $SOL, $ADA. ā–¶ What other crypto could he add? $AVAX (Ava Labs is based in New York) $DOT (Gavin Wood is English, however Polkadot has received a lot of funding from US companies) $LINK (Chainlink Labs is based in San Francisco) $LTC (Charlie Lee is a former Coinbase employee, also the foundation is based in San Francisco) $MOVE (They invested in their DeFi project) $HBAR (Hedera is based in Dallas, also they have many partnerships with American companies including Google, IBM and Boeing) $ALGO (the founder Micali is a professor at MIT, Massachusetts Institute of Technology) $ICP (DFINITY Foundation is based in Switzerland, however it has a strong presence in the US) $EOS (ok, I mention it for the meme, the chain is dead but Block one has ties to the US) Memecoin chapter: $DOGE? For the connections with Elon Musk. I hope not $TRUMP (it would become a joke)
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āš ļøšŸ¤–Have you ever wondered how markets are manipulated? Here are some strategies that are used: āœ¦Spreading Fake News and Rumors: this is the most banal thing but it is very powerful especially if it is performed by influential people. āœ¦Bear Raid: coordinated investors spread negative news by opening a short and causing the price to collapse, subsequently "buy the dip". āœ¦Wash Trading: through many addresses, the same asset is bought and sold, simulating volumes and activity. āœ¦Spoofing: large purchase orders are placed at certain price thresholds to make it appear that there is strong interest in that asset. When other traders react to them, the orders are modified or canceled (changing the price action to their advantage). āœ¦Painting The Tape: in this case many small trades are placed to create the illusion of high activity. Even if these are insignificant trades, they can influence the perception of the market.
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šŸ‘¾In this thread I will explain how the attack on Bybit took place and how a cold wallet with 1.4B was drained: 1ļøāƒ£The attackers, days before the attack, had injected a malicious script to intercept and modify the transaction data before signing (manipulation of the AWS S3 Javascript code of Safe Wallet). 2ļøāƒ£When Bybit executed the transaction, the malicious code altered the destination address (replacing it with the attacker's). The code was only executed when the transaction came from specific addresses, including Bybit's. Afterwards, the modified JavaScript files on Safe Wallet reverted to the original version, eliminating any trace of the malicious script. This behavior indicates that the attacker had direct access to the AWS S3 systems of Safe Wallet and acted with privileged credentials or by exploiting an internal vulnerability.
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