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pump.fun post-mortem

http://pump.fun coin migration issue post-mortem

TL;DR:

1. the http://pump.fun contracts are safe. they have always been safe
2. a former employee used their privileged position at the company to misappropriate ~12.3K SOL (~$1.9m)
3. http://pump.fun is back live. you can launch new coins and trade any coin that did not reach 100% between 15:21-17:00 UTC
4. to make users whole, any coin that reached 100% between 15:21-17:00 UTC will go live on raydium with >= 100% of the liquidity that it previ...

9 hours ago Tweets

pump.fun post-mortem

Kraken - What is the Bitcoin Runes protocol, exactly?

Expanding Bitcoin's potential beyond storing value

13 hours ago Reads

Kraken - What is the Bitcoin Runes protocol, exactly?

Delphi Pro - The Dawn of Bitcoin Programmability: Paving the Way for Rollups

Bitcoin's scripting system is inherently limited in its programmability. Consequently, bridges to Bitcoin rely on multisigs and federation control, introducing trust. This has constrained Bitcoin's utility. Recent advancements are enhancing programmability on Bitcoin. BitVM, its successors, and CatVM are enabling the verification of off-chain programs on Bitcoin through fraud proofs. This improves the current state of bridging on Bitcoin, minimizing the reliance on trusted multisig setups and f...

13 hours ago Reads

Delphi Pro - The Dawn of Bitcoin Programmability: Paving the Way for Rollups

SAB 121 Repealed in Senate, Moves to Biden

1/ Today, the Senate voted, in overwhelmingly bipartisan fashion, to #repealSAB121, an anti-innovation accounting bulletin which was improperly issued by the SEC in 2022.

15 hours ago Tweets

SAB 121 Repealed in Senate, Moves to Biden

Drift airdrop claim is live

18 hours ago Tweets

Drift airdrop claim is live

15th May 2024

Blast Airdrop June 26

The Blast airdrop is launching June 26.

We know this is past our initial estimate of May and we’re sorry for the delay. The airdrop allocation will be increased to account for this.

There will be two final Dapp Gold distributions before the airdrop.

1 day ago Tweets

Blast Airdrop June 26

Delphi Creative - Superchain and the Monolithic Experience

As an ecosystem of chains, Superchain has the responsibility of satisfying not just the users who are looking for an ecosystem of dApps, but also the dApp

1 day ago Reads

Delphi Creative - Superchain and the Monolithic Experience

DOJ Indicts "low carb crusader" for MEV-Boost Exploit

wild, this was for the exploit of the mev-boost relay

Quoting db (@tier10k)

DOJ INDICTS BROTHERS FOR MEV-RELATED WIRE FRAUD IN 'FIRST-OF-ITS-KIND CASE'

Source: DB

1 day ago Tweets

DOJ Indicts "low carb crusader" for MEV-Boost Exploit

NH State Rep on BTC ETFs

1 day ago Tweets

NH State Rep on BTC ETFs

Rated Launches Solana Support

Global network effectiveness, vote latency, client and geo diversity for Solana.

1 day ago Reads

Rated Launches Solana Support

CPI Comes in Cool

❖ U.S CPI (MOM) (APR) ACTUAL: 0.3% VS 0.4% PREVIOUS; EST 0.4%

❖ U.S CPI (YOY) (APR) ACTUAL: 3.4% VS 3.5% PREVIOUS; EST 3.4%

❖ U.S CORE CPI (MOM) (APR) ACTUAL: 0.3% VS 0.4% PREVIOUS; EST 0.3%

❖ U.S CORE CPI (YOY) (APR) ACTUAL: 3.6% VS 3.8% PREVIOUS; EST 3.6%

1 day ago Tweets

CPI Comes in Cool

14th May 2024

SCOOP: Lido's co-founders and @Paradigm secretly funded a restaking startup that will compete with @

SCOOP: Lido's co-founders and @Paradigm secretly funded a restaking startup that will compete with @EigenLayer.

@skesslr reports
https://trib.al/gzDV0la

2 days ago Tweets

SCOOP: Lido's co-founders and @Paradigm secretly funded a restaking startup that will compete with @

Liquity v2 whitepaper

It’s time for the next evolution of CDPs.

@LiquityProtocol v2 Whitepaper is out (link at the end of the 🧵)

Keeping the decentralization ethos & adding:

• User-set interest rates
• LSTs as collateral
• Better capital efficiency
• Protocol Incentivized Liquidity (PIL)

👇

2 days ago Tweets

Liquity v2 whitepaper

World PvP fixes front end

2 days ago Tweets

World PvP fixes front end

Sam Altman on GPT-4o

2 days ago Reads

Sam Altman on GPT-4o

Polymarket Raises $70M Before Election

Excited to share that @Polymarket has raised $70m:

A $45m Series B led by Founders Fund and insiders 1confirmation and ParaFi + @VitalikButerin, & Dragonfly

And a $25m Series A led by General Catalyst + Polychain, @jgebbia, & more

🔮🧵

2 days ago Tweets

Polymarket Raises $70M Before Election

Wisconsin State Pension Buys BTC ETF

Wow, a state pension bought $IBIT in first quarter. Normally you don't get these big fish institutions in the 13Fs for a year or so (when the ETF gets more liquidity) but as we've seen these are no ordinary launches. Good sign, expect more, as institutions tend to move in herds

Quoting Bitcoin Magazine (@BitcoinMagazine)

JUST IN: 🇺🇸 State of Wisconsin Investment Board discloses it holds almost $100 million of BlackRock's spot #Bitcoin ETF.

2 days ago Tweets

Wisconsin State Pension Buys BTC ETF

13th May 2024

The Separation of Mind and State — Money and State

The Separation of Mind and State | Announcing Venice

3 days ago Reads

The Separation of Mind and State — Money and State

Metaplanet Makes Bitcoin a Reserve Asset as Japan’s Debt Mountain Grows

The announcement comes at a time when Japan's fiscal crisis is said to be playing out in the currency market.

3 days ago Reads

Metaplanet Makes Bitcoin a Reserve Asset as Japan’s Debt Mountain Grows

Omni Network & Eigenlayer

http://x.com/i/article/1790057526144143360

3 days ago Tweets

Omni Network & Eigenlayer

Maker Vote for subDAO tokens

A @MakerDAO poll just went live to allocate today’s MKR holders 25% of all subDAO tokens (SPK + 5 others). Currently there is no allocation to existing MKR holders in the subDAO spin offs. This represents a great opportunity for MKR holders to get SIX(!!) token allocations

3 days ago Tweets

Maker Vote for subDAO tokens

Delphi Pro - Attention Is All You Need

What’s on your mind? Like right now, what are you thinking about? Perhaps I have you hanging onto every word. But I’m not vain enough to think that’s

3 days ago Reads

Delphi Pro - Attention Is All You Need

Enter The Sanctum

Everybody gets a stake.

3 days ago Reads

Enter The Sanctum

Smart Accounts on Osmosis: Redefining UX and Account Management in DeFi

The crypto ecosystem advances quickly while the user experience (UX) often lags behind. Osmosis aims to bridge this gap with Smart Accounts, an innovative account and asset management feature that enhances usability, flexibility, and security, with robust multi-device support for on-the-go trading.

3 days ago Reads

Smart Accounts on Osmosis: Redefining UX and Account Management in DeFi

Based vs Non-Based Sequencing: Converging Paths by Toghrul Maharramov

Watch Based vs Non-Based Sequencing: Converging Paths by Toghrul Maharramov aka @toghrulmaharram

3 days ago Tweets

Based vs Non-Based Sequencing: Converging Paths by Toghrul Maharramov

30th April 2024

A Pro Member asked...

Saw the Reads post about Sui-Google partnership and seems to me that Sui’s zklogin (which can use 0Auth credentials) could be a big step for
Yeah I think that zklogin is one of the better shots/architectures at getting retail adoption. Sui’s main issue right now isn’t the tech, I’m a fan of everything they’re doing there. They just don’t really have much of an ecosystem yet. The hardware ...

A Pro Member asked...

NEAR seems to be holding up pretty well recently compared to BTC and other L1 tokens. Are there any recent developments or new apps launchin
NEAR kind of has a bunch of narratives going for it right now and is also fully unlocked. There’s not really new adoption but they have NearDA, are building chain abstraction, the whole AI angle, etc. https://x.com/NEARProtocol/status/1772809530671...

A Pro Member asked...

Following up on my previous question about Cosmos, why would a team choose to launch a Cosmos app chain versus launching an L2/rollup on ETH
From the top of my head, I would say internalize MEV and having more customizable space to innovate are the main ones to choose to launch an appchain over an ETH rollup. The majority of rollups today don’t capture any value out of their users’ acti...

24th April 2024

King $COIN's Calculated Moves

With Q1 earnings season on the horizon, and with Coinbase reporting on May 2nd, we wanted to highlight one of our newest tools made available to Delphi subscribers: The Coinbase Transaction Revenue Calculator. Recalling our exploration into the over...

20th April 2024

Rune Pups vs BRC-20 Update

In a recent AF post, I looked to see if there was upside in buying Rune Pups ordinals vs PUPS BRC-20. I outlined some very optimistic scenarios for holding a rare Rune Pup. The team has finally released the actual allocation based on Rune Pup type so...

12th April 2024

A Pro Member asked...

Does anyone have strong conviction in what the next big narrative will be and where attention is going to flow? Seems like we’re in a bit of
I put this narratives AF post out the other week and still mostly agree with it: https://members.delphidigital.io/feed/tracking-current-narratives?&utm_source=link&utm_medium=portal I think I would put all of the BTC ecosystem stuff higher, especial...

11th April 2024

Which to buy, PUPS BRC-20 or Rune Pups?

Another token near the top of the Bitcoin meme wars is PUPS. With the recent pumping of the PUPS BRC-20 and Rune Pups floor as of late, the question is “Which to buy, PUPS BRC-20 or Rune Pups?”. In order to answer this, we will go through 4 (of many...

16th March 2024

Thesis 404

With market attention now primarily on Solana, memes, and BTC flows, I felt it was an excellent time to refine my thesis on the opportunity around 404s. 404s are a catch-all term I am using for semi-fungible proto-token standards that combine tokens ...

10th January 2024

Spot BTC ETF and Visa Transaction Fees...and Coinbase

With the spot BTC ETF approval around the corner, this image came up. It reminded me of Visa and MasterCard’s duopoly on electronic payments. Visa and MasterCard process 15-20 trillion dollars annually (and growing). Visa and MC are in the business ...

1st November 2023

$RUNE Rally Is Based On Fundamentals

Since the last, “Fundamentals Outcompete Price On THORChain” Alpha Feed post, $RUNE appreciated more than 3x, outcompeting the rest of the market. In the chart below, I take a look at how Rune price fairs against Non-Rune TVL. I define Speculative M...