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YuanMan 🧑‍💼
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| 🛠️Founder of @SanyuanCapital @DeJob_Official | 📩Telegram：https://t.co/sZnvz7VZdb
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YuanMan 🧑‍💼
Starkware's restructuring stems from a 98% drop in protocol revenue; previously reaching $6 million per month, it now only generates tens of thousands of dollars. Scroll has also recently begun layoffs, again due to a loss of revenue streams – it's simply not making money. Scroll's on-chain revenue (24h) is currently $112, and chain fees are around $149, placing it at the bottom of the L2 blockchains. Besides market conditions, Ethereum's two upgrades last year, which improved blob and gas limits, further reduced transaction costs. Coupled with historically low gas fees on the Ethereum mainnet, smaller L2 chains are undoubtedly struggling. Many smaller L2 chains have been struggling since last year, and their current downsizing and restructuring indicate that the industry is entering a phase of competition based on scale and low fees. Only a few leading L2 chains can achieve stable profitability, while smaller chains will have to downsize or be acquired to survive. In the past, when the gas was high, everyone complained but still used the service. Now that the gas has dropped, nobody is using it anymore.
Eli Ben-Sasson | Starknet.io
@EliBenSasson
I am sharing here a message I shared with the StarkWare team following things I said at an All Hands meeting: ======== StarkWare is adapting its strategy, with a clear goal – to lead blockchain. So far, we’ve secured our position as technology leaders: we built the best ZK
SCR
0.54%
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YuanMan 🧑‍💼
Major SEC Boost: DeFi Front-End Interface Regulatory Path Clarified! This news in the early hours of the morning is quite important. The SEC's Division of Trading and Markets recently released a Staff Statement, clearly defining the boundaries for DeFi front-ends, wallet extensions, and self-custodied interfaces—those meeting certain criteria can operate without registration as brokerage firms. I believe the core logic remains unchanged: Smart contracts are decentralized and only execute code, making regulation extremely difficult. The SEC's biggest challenge in the past has been user interfaces (webpages, apps—these can be regulated, but how to regulate them requires exploration). Deploying swap pool contracts is fine, since it's on-chain, anyone can do it. However, if the front-end interface facilitates one-click trading for the general public, it's easily considered as providing brokerage services. If DeFi trading pages are considered brokerage firms, then you'd need to register with your real name when swapping, which presents a challenge. This is especially true when it comes to tokenized stock trading. If the US stock market wants 24-hour trading in the future, market makers will be an issue, and DeFi pools can provide a buffer against price fluctuations. Overly strict regulation would stifle the industry's development. Looking at prices, for example, Uniswap hasn't been doing very well in recent years due to unclear regulatory attitudes. This time, the guidance provides clear opinions, and it's very possible that DeFi will usher in a second spring. Established brokers and market makers may participate in this field, as tokenized stocks become more common.
UNI
2.86%
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YuanMan 🧑‍💼
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Rave has been aggressively fleecing investors these past few days, with its price surging over 260% in 24 hours, pushing its market capitalization to around $2.5 billion. I missed an opportunity to get on board last year. The typical pattern for wildly successful cryptocurrencies in a bear market is: Project team accumulates tokens at low prices → Market makers pump and dump, leveraging to create FOMO (Fear of Missing Out) → Retail investors are liquidated. Generally, the more aggressive the surge, the more severe the subsequent pullback, especially with the added pressure of token unlocking. The RaveDAO team is relatively anonymous (only one publicly identified operations manager, rumored to be from Bella Protocol; the owners are FelixXu and Yemu, but this is questionable). There have been real offline events, but the token's low circulation and high control are clearly speculative. At this point, neither long nor short positions are recommended. Historically, the stronger the FOMO among retail investors, the more likely the price will fall; if no one is buying, it will continue to rise until you can't resist. Let's just continue watching the show.
RAVE
64.85%
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YuanMan 🧑‍💼
I had a sudden inspiration to analyze the Hyperbridge attack, so I had a simple local simulation of the attack process and discovered a few issues: 1. The attack essentially involved forging cross-chain messages and getting them verified by the Gateway. Many cross-chain bridge thefts follow a similar pattern, the core issue being vulnerabilities in the verification logic (e.g., checks were bypassed or missing in a certain path). 2. The hackers minted approximately 1 billion Bridged DOT tokens but only cashed out $237,000. Besides time constraints, market liquidity was genuinely poor. During a bull market with good liquidity, the losses could easily have been tens of millions of dollars. 3. For ordinary users: Minimize holding cross-chain wrapped tokens. Each additional bridge/contract adds another layer of risk. When funds are idle, especially during a bear market, it's advisable to store them in a cold wallet, rather than putting them all into DeFi for meager returns—principal safety should always be the top priority. Finally, cross-chain bridges remain a high-risk area; native assets are the most reliable protection. The counterfeit coins minted this time are still counterfeit coins, and the project team will eventually destroy them. The genuine coins you hold on the original chain will still be fine (unless the PolkaDot original chain also has problems).
很大很大的橙子
@0xVeryBigOrange
Bet ten bucks this is the project team doing evil themselves: Polkadot bridge vulnerability exploited, 1 billion DOT minted on Ethereum network and already dumped [MMS NEWS] 2026-04-13 12:52:15
DOT
4.52%
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YuanMan 🧑‍💼
04-10
Mom no longer needs to worry about my AI delusions! Gemini's newly launched notebook feature performs in-depth analysis based on user-provided data. While traditional AI answers based on massive amounts of information from the internet, NotebookLM answers based on the documents you upload, providing verifiable information rather than vague generalities. An even greater value is its ability to discover connections between different documents—meeting minutes, competitor analysis reports, industry research reports, and even your own statements. It will provide more in-depth and comprehensive answers to your questions. In other words, it's a more specific, professional, and personalized AI advisor. General AI is like a consultant; it struggles to fully understand a company's secrets, details, and history. NotebookLM, on the other hand, is your confidential secretary—it understands as much as you provide.
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