0xBasar (@0xbasar) header
0xBasar (@0xbasar) profile picture

crypto research beyond the headline narratives second order effects and where the value actually flows

worldwide
Joined July 2022
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theres a lot of talk about a tweet being deleted but both the press release and the tweet are right here Looks like classic @HyperliquidX FUD
ICE and Trade[XYZ] plan to bring Hyperliquid-based perps to the U.S. Subject to regulatory approvals, ICE will operate U.S. regulated versions of Trade[XYZ]’s markets, leveraging their expertise as the leading deployer of real-world-asset perps on Hyperliquid. The new venue will operate separately to ICE’s institutional futures franchise and offer a trading experience designed for retail participation. Once live, U.S. traders will be able to trade 24/7 across a range of assets spanning the macro complex including: *Crypto *Equities *Indices *Commodities *Forex Read more: spr.ly/6010BHq9X8 Users will access the platform through U.S.-regulated FCMs performing KYC/AML screening, including ICE's joint venture with OKX. ICE and Trade[XYZ] will seek approvals to launch a new market built on Hyperliquid to operate KYC-compliant perp markets, including regulatory approvals to support leveraged trading.
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Three digits minimum
for crypto to win, we need the best ecosystems working together NEAR is how trillions
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a year after the october leverage wipeout and apparently the lesson was same leverage different tickers bitcoin gets the spot buyers alts get the casino character development looking a lot like portfolio rotation
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the win is $NEAR its crystal clear
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the crypto bunker mode discussion deserves a little context justin drake and vitalik are worried that AI could discover mathematical shortcuts that weaken wallet cryptography before powerful quantum computers arrive recent progress in AI mathematics is what triggered the concern that is a reason to prepare it is not proof that ECDSA has been broken so what should holders actually do avoid rushing into a wallet migration check guidance from your wallet provider understand whether your public key has already been exposed an unused address can offer extra protection when it keeps the public key hidden behind a hash but this depends on the address type a fresh bitcoin taproot address does not hide its public key and a fresh address does not magically make your funds quantum proof the bigger job belongs to wallets exchanges and protocols building and testing a transition to stronger cryptography before it becomes urgent take the risk seriously give yourself time to get the precautions right
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for whom the bell tolls funny how a year ago everyone was farming l2s asking which one drops next now we’re watching them disappear one by one asking which one shuts down next lisk silicon network blast abstract wonder who hears the bell next
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the interesting part of vitaliks AI privacy experiment is how many layers it needs a local model to limit what gets shared zk proofs to separate payment from identity tor to reduce network exposure the remote model still reads the prompt you can hide who paid and still identify yourself in the first sentence thats the problem worth building around
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the detail in the OKX ICE filing that caught my eye is uniswap v4 the proposed stock venue uses pools on x layer with a permissioning hook and wallet credentials controlling access the institution keeps the gate the market uses defi plumbing thats a meaningful adoption story whether UNI captures any of that value is a separate question
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the hyperliquid detail worth watching is what happens to dollars between trades AQAv2 is designed to route most cost adjusted reserve yield back to the protocol that adds a revenue source tied to balances rather than just turnover id watch activation and actual receipts before annualizing anything but getting paid when capital stays is a pretty interesting addition to getting paid when it moves
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say what you want about @binance shits there is something different about making money on the ones ct barely notices mubarak:native
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apparently the market crash has an appointment on monday love when a century old chart comes with a calendar invite show me the support break and the failed reclaim until then the apocalypse is just another weekend thread
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when it comes to @HyperliquidX the rest is just noise tomorrow they either announce a drop or drop massive ecosystem news either way we win
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a 300k bitcoin:native thesis for 2029 and somehow the position needs to work by tuesday this place has incredible range if the thesis is measured in years maybe stop letting every hourly candle rewrite it
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vitalik laying out ethereum in 2030 makes me wonder what using it will actually feel like i want to send money without checking three networks and asking someone which version of USDC they need make that boring and we are getting somewhere
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never thought i’d find anything was sure i hadn’t forgotten any funds anywhere turns out i had 0.01 ETH sitting there for 4 years check your wallets especially the old ones stuckfunds.eth.limo
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seen this one before alts do a 3x and nobody wants to chase another 30 percent and suddenly everyone has a long term thesis rage buy resistance fully deployed conviction through the roof then the dip they waited weeks for finally comes turns out they only wanted it when they had cash lol
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During the last bull run an L1 founder tried to dismiss @NEARProtocol co founder @ilblackdragon as “just a YouTuber” because of his videos explaining blockchain. Fast forward to today, and what NEAR Protocol has built speaks for itself. The other guy isn’t even worth mentioning.
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$NEAR $SUI OMG Uptober is on the way
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one click RWA leverage makes the workflow simpler not the position safer by default gearbox is bringing credit lines to tokenized funds the useful comparison is net yield after borrowing costs plus liquidation rules and redemption terms not the number of clicks
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two tokens can report the same buyback number and tell very different stories one buys with user fees one draws down reserves then check how many new tokens entered circulation a buyback headline is the start of the research not the conclusion
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