Rubiks

@rubiksweb3

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Hyperliquid suffered its second whale manipulation event in two weeks on Wednesday as a user shorted Solana memecoin JELLYJELLY on the decentralized exchange, forcing the protocol to assume hefty losses shortly after. Wallet address "0xde96" opened a short position on JELLYJELLY while a whale dumped the memecoin on DEXs, which crashed the token's price and forced Hyperliquid's HLP vault to take over the initial short position. The newly created wallet "0x20e8" then longed the token. The strategy exacerbated HLP’s unrealized losses to about $12 million, according to Lookonchain data. While Hyperliquid raced to contain the situation, some users on social media suggested centralized exchanges that compete with Hyperliquid should list JELLYJELLY futures contract to incentivize more trading and possibly cripple the rival exchange. https://www.theblock.co/post/348314/hyperliquid-delists-jellyjelly-memecoin-amid-whale-manipulation-fiasco

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LayerZero Chosen by Wyoming as the Token Issuance Partner for WYST—First US State-Backed Fiat Stablecoin Source: https://x.com/LayerZero_Core/status/1904978923387265421

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To serious of a person

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P-Token SIMD-266: A Proposal That Would Decrease CU Usage by Tokens by 95% Now live for commenting https://github.com/solana-foundation/solana-improvement-documents/pull/266 Source: https://x.com/jacobvcreech/status/1903273527370760624?s=52&t=txFAbiSPTdLLDlAYj9X_AA

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Apparently I'm $AXIS Framer aligned! See what the Spectral Lab says about you.

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Plasma—The Trillion Dollar Stablecoin Opportunity Plasma is a purpose-built blockchain designed to drive global stablecoin adoption and unlock trillions onchain—An Endgame Blockchain for Stablecoins. > It leverages Bitcoin as its security layer > Recently secured $24M in Seed & Series A round > Plasma is backed by Bitfinex and USD₮0👇 Source: https://x.com/zeuusy_/status/1903550447497228407?s=52&t=txFAbiSPTdLLDlAYj9X_AA

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AI OVERPRODUCTION China seeks to commoditize their complements. So, over the following months, I expect a complete blitz of Chinese open-source AI models for everything from computer vision to robotics to image generation. Why? I’m just inferring this from public statements, but their apparent goal is to take the profit out of AI software since they make money on AI-enabled hardware. Basically, they want to do to US tech (the last stronghold) what they already did to US manufacturing. Namely: copy it, optimize it, scale it, then wreck the Western original with low prices. I don’t know if they’ll succeed. But here’s the logic: CC: Balaji. Read more below 👇 https://x.com/balajis/status/1903469483739730132?t=DmO3LRaW5ayfgNxKEICyRw&s=19

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DePIN Ecosystem Map Source: https://x.com/delphi_digital/status/1903462109008302575?s=46&t=ywALktyM5ZCyt-zigN5Big

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Engineers create a bunch of animations to teach the robot how to walk etc Digital versions of the robots are put into the simulations and rewarded if they perform accordingly https://youtube.com/shorts/uWObkOV71ZI?si=y9ZzTWcCRrUG93yc

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1) What Using monkey brain data to train robotic arms https://x.com/yanovskyd/status/1903104406792425641?s=46&t=ywALktyM5ZCyt-zigN5Big

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The smartest and wealthiest people (on the inside, and outside) i have met or know or count as real friends: - hold radical different opinions than the herd - do not watch normal news - rigorously protect their families safety and privacy - do not want to be famous - have few close friends, but the one´s they have they really cherish and can really trust - do not care what others think - have vast networks of people they can access quickly if needed through connections, people that owe them a favor etc - are not ego-focused, selfish, vain, image-oriented, etc - utterly ignore public opinion - do not display their financial wealth in excessive ways - like creating instead of copying - are interested in radically new ideas or thoughts - like to be on their own to cultivate their thoughts and creative ideas - take care of themselves physically and mentally but also know how to have a good time - have a serious work attitude and know how to focus, they cherish their scarce time. Cc: Innerdevcrypto

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Sonic, Fantom's new Layer-1 blockchain, launches with high performance and developer-centric features, positioning itself as a formidable player in the smart contract platform space. QoQ Metrics 📊 • TVL ⬆️ 21x to $565M • DEX volume surpasses $2.3B • 500k users in first 10 days Cc: Messari

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I'm a Builder-Pragmatist (-4.5, 3.0) on the Onchain Alignment Chart! Check out your position:

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Galaxy: The State of Onchain Futarchy “DAOs would begin experimenting with Futarchy in their governance procedures.” > This write-up explore the recent developments around and state of Futarchy/ DAO governance and onchain prediction markets. Source: https://www.galaxy.com/insights/research/the-state-of-onchain-futarchy/

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Solana: DePIN Deep Dive https://x.com/Syndica_io/status/1903116386043359699

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Syndica | Deep Dive: Solana DePIN - February 2025 > Helium, Hivemapper, and Render together hold monthly revenues of around $350k. > Nosana doubled its active contributors in February. > XNET offload data set another ATH in February. > Render Network revenue ticked up 9%. > Roam by MetaBlox surpassed 2M cumulative WiFi setups. > Nosana active operators hit 1k for the first time, and monthly jobs increased by 21% > Helium Mobile’s new subscribers surged 9x, pushing cumulative totals to 145k👇 Source: https://blog.syndica.io/deep-dive-solana-depin-february-2025/

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2077 Research | ERC-4337: 2 Years After Two years ago, ERC-4337 was deployed on Ethereum’s mainnet, enabling account abstraction without requiring protocol-level changes. > This article explore ERC-4337's impact on account abstraction, key achievements, production metrics, and future developments in the blockchain ecosystem.👇 research.2077.xyz/erc-4337-2-years-after Source: https://x.com/2077Research/status/1903154408159912405

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USDe/USDT v3 0.01% pool has seen imbalances like this before. Even during the ByBit hack when there was a very short lived depeg event. Something to monitor. 9 times out of 10, nothing. Would think this is nothing, but always good to be aware WHEN to be on alert.

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Sonic Ecosystem Roadmap

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https://t.me/rubiksweb3hub/390 My TG channel

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