Grazing the web3 plains. Likes boba🧋
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Joined January 2025
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unstabl bunny retweeted
🇸🇬 RECAP: TEE (Trusted Execution Environment)
Wei Rong | Singapore | 20 Aug | Recap 🧵
Thank you @wr1159 for leading the
discussion and @stablebunny for hosting us at the @AlliumLabs office!
Shout-out to @tomespel and Dom for asking the key questions, and to @dhattarwalmohit from @karnotxyz for helping us understand zkTLS and TEEs and some how they are using it.
Great to see @luminoir @cryptoecongames after all this time, @marcuspangeth (@monad, who lead our session on VerkleTrees) and our friends from @nus_blockchain !
Discussion Highlights:
1️⃣ How do TEEs enable private computation?
TEEs isolate code and data from the surrounding system, allowing private computation to run at near-native speed.
Remote attestation lets others verify which code is running without seeing the private computation itself.
2️⃣ TEEs change the trust model
Blockchains normally rely on many nodes repeating and verifying the same computation.
With TEEs, that verification is replaced by trust in hardware, attestation services, operators, and integration code.
3️⃣ What can go wrong?
Even if an enclave remains secure, the wider system may still fail through compromised keys, side channels, stale state, rollback attacks, enclave cloning, or faulty blockchain integration.
4️⃣ How does zkTLS work?
zkTLS can prove that information came from an authenticated HTTPS session—and prove selected facts about it—without revealing all the underlying data.
The implementation may involve a browser extension, notary, proxy, MPC, or zero-knowledge proofs.
5️⃣ How do zkTLS and TEEs relate?\
Both help connect private offchain information with publicly verifiable systems, but they rely on different security assumptions.
The key question is not only “Can it be verified?” but also “Who or what must be trusted?”
Good sessions always raise more questions than answers ;)
Full summary:
docs.google.com/document/d/1…
Thank you @wr1159 for putting this together!
Stay Up to date:
Website: wprc.club
Events: luma.com/whitepaper
CV: linkedin.com/company/whitepa…
unstabl bunny retweeted
this actually makes a ton of sense
for @HyperliquidX to function properly in the U.S., Jeff would need to find a suitable partner who understands HL but is also fully compliant
Kraken acquired NinjaTrader and Bitnomial recently, & with both of those acquisitions Kraken's parent company Payward has all of the CFTC licenses FCM+DCM+DCO
Hyperliquid already has existing infrastructure to support something like this with HIP-3, so Kraken could just be another integration similar to what @tradexyz has done for perpetual futures on stocks
@arjunsethi has been very vocal about playing positive sum games @ Kraken, definitely most underrated out of the existing CEXs in the US & this would be a huge chess move in gaining mindshare and adding a substantial line to their business
will be interesting to see how this plays out, because if true could be the beginning of other moves as well as they've been very aggressive with the acquisitions, & Payward has all the licenses across the financial stack: prediction markets, futures, & options
Will Kraken Be the First Compliant HIP-3 Deployer?
In line with the regulatory approach we just laid out, Hyperliquid keeps adding testnet functions that would enable compliant use. In addition to whitelisting, new observed features would allow a deployer to cancel a user's orders, close them out with reduce-only orders, and move their collateral, mirroring capabilities a compliant deployer might need.
One deployer testing this is named "Kraken HIP-3 test DEX". Its Star gating went live on testnet on August 19; it has whitelisted 10 wallets, exercised three of the five controls, and has also registered a "Kraken Exchange Validator".
While this is testnet and anyone could permissionlessly launch a DEX under any name, the testnet behaviors and the recent HyperCore expansion of xStocks (owned by Kraken's parent, Payward) make me lean towards thinking Kraken might be one of the first CEXs testing HyperCore's new permissioned features.
unstabl bunny retweeted
bitcoin catches a relief bid as weaker hiring takes pressure off a Fed hike. the Fed's target range is 3.50%-3.75%, three voters had preferred a quarter-point hike, and inflation remains elevated. initial claims are 199k vs 226k a year earlier, while the Sahm indicator sits at 0.07 against its 0.50 trigger. that supports BTC through lower tightening risk, pricing a full cut cycle here's a reach.
unstabl bunny retweeted
売らずに活かす、暗号資産担保ローン「CRYL（クリル）」
7月9日よりサービス開始🚀🔥
お手持ちのビットコインを売却することなく、その価値を担保に日本円を調達できます✨
Web3.0・暗号資産業界でレンディングサービス BitLending、メディア Iolite を運営してきた J-CAM グループ企業が運営します。
主な貸付条件はこちら👀
cryl.net/?utm_source=x&utm_m…
Rallying into WebX Japan at Rally Lounge with @AvaxTeam1 and @pudgypenguins. Supported by @BTSE_Official.
Pickleball, golf simulator sessions, good food, builders, and community vibes.
Exactly the kind of side event we needed. 🎾⛳
unstabl bunny retweeted
Live from Abu Dhabi: The Starting Block EP1 with @cz_binance
nitter.gq/i/broadcasts/1jGXggOEg…
unstabl bunny retweeted
Stablecoins are becoming the settlement rail for businesses.
SOOHO tracked on-chain data via @AlliumLabs : B2B stablecoin payment volume hit ~$95.0B YTD (Jan–Jun 23, 2026) — up +60.0% YoY.
A thread on where the money actually moves 🧵
unstabl bunny retweeted
We have raised a $40M Series B from @AmplifyPartners, with continued backing from @kleinerperkins and @TheoryVC!
unstabl bunny retweeted
Cross-chain interoperability moves billions of dollars across crypto every month.
Yet understanding where that value flows and which protocols facilitate it remains difficult.
Today we're launching the Interoperability Dashboard with @LayerZero_Core.
Track:
> Cross-chain volume
> Messages sent
> User activity
> Market share
> Chain-to-chain flows
Across the leading interoperability protocols.
unstabl bunny retweeted
As a lifetime retarded crypto investor I feel duty-bound to top blast and act as exit liquidity for all these upcoming tradfi IPOs
The expected value is quite reasonable:
If I’m right, I make money
If I’m wrong, then I just need to wait a year or two - I’ll get UBI and a personal robot giving me reacharounds and snacks while some dude in a San Francisco broom cupboard has to remotely view my disgusting body in 12-hour shifts for training data
Pretty good deal
unstabl bunny retweeted
Institutions are bringing real assets onchain.
From issuance to distribution, RWAs are moving into production.
(Referencing Allium data in the announcement)
@OCBCBank, Lion Global Investors & DigiFT have launched the GOLDX token on @ethereum and @solana—Southeast Asia’s first tokenised physical gold fund on a public blockchain.
The GOLDX token gives regulated, on-chain exposure to the performance of the LionGlobal Singapore Physical Gold Fund, designed to track the LBMA Gold Price AM with allocated physical gold vaulted in Singapore.
unstabl bunny retweeted
I am a Web3 Ambassador at World Liberty Financial.
There are 12 of us on the team page. 4 are named Trump. 3 are named Witkoff. The page calls us "the passionate minds shaping the future of finance."
600,000 wallets bought our memecoin. They lost $3.87 billion. The family collected $350 million in trading fees. It launched 3 days before the inauguration. 80% of the supply went to CIC Digital LLC and Fight Fight Fight LLC. I did not choose the names. I designed the allocation, the vesting, the timing, and the distance between the product and the President.
The distance is my best work.
I am the reason these events are unrelated.
World Liberty Financial sends 75 cents of every dollar to DT Marks DEFI LLC. That is the family entity. Zero capital contributed. Zero liability assumed. I wrote this into the Gold Paper. Page 14. The lawyers bound it in white leather. The binding cost more than the due diligence.
Justin Sun invested $75 million. He was facing SEC fraud charges. The SEC dropped the case. He is now our advisor. These events are unrelated.
Changpeng Zhao pleaded guilty to federal money laundering violations. He received a presidential pardon. The SEC dropped its lawsuit against his exchange the same week we listed our stablecoin. Then the exchange settled a $2 billion deal entirely in that stablecoin. These events are unrelated.
Arthur Hayes, Benjamin Delo, and Samuel Reed of BitMEX pleaded guilty to Bank Secrecy Act violations. All 3 received presidential pardons. Then the company itself was pardoned. $100 million in fines. Gone. An American first. These events are unrelated.
Sheikh Tahnoun of Abu Dhabi paid $500 million for a 49% stake that was never publicly disclosed. Then the administration approved semiconductor exports to his companies over national security objections. These events are unrelated.
Everything is unrelated. I track the unrelatedness on a dashboard I built. The dashboard has 7 columns now. I am proud of the dashboard.
On May 22nd, 220 people paid a combined $148 million to eat dinner with the America First president. Over half were foreign nationals. Justin Sun paid $18.5 million for the first seat. He visited the Executive Office Building the day before. I designed the seating chart. I put it on the Investor Confidence page. That page is doing well.
The team page lists 3 Witkoffs. All 3 are Co-Founders.
Steven Witkoff is the President's Middle East envoy. He testified as a character witness at the President's fraud trial.
His son Zach runs the crypto operation. His son Alex is also a Co-Founder. I have not been told what Alex co-founded.
The father runs the diplomacy. The sons run the platform. The family runs both. That is organizational efficiency.
Barron is 19. His title is Web3 Ambassador. The same as mine. Donald Jr. called the conflicts of interest "complete nonsense." Eric launched a Bitcoin mining company called American Bitcoin. America First. The mining partner is Hut 8. Hut 8 was founded in Canada. America First means the name.
On March 6th, the President signed Executive Order 14233 creating a Strategic Bitcoin Reserve. The order directs the government to hold Bitcoin. The President's family holds billions in Bitcoin. The executive order appreciates the President's assets by presidential decree. I did not write the executive order. I made sure it looked unrelated to the portfolio.
Trump Media put $2 billion of Bitcoin on its balance sheet. The ticker symbol is DJT. His initials. The press secretary said it is absurd to insinuate the President profits off the presidency. Forbes calculated his crypto holdings exceed the combined value of Mar-a-Lago and Trump Tower. I would call that absurd too. That is my job.
600,000 wallets bought in. 1 of them asked why she could not withdraw her funds. I told her the protocol was experiencing dynamic market conditions. She asked what that meant. I sent her the Gold Paper. She said she had read the Gold Paper. I muted her channel. Dynamic means the conditions change. The condition that changed was her access.
A congressman called us the world's most corrupt crypto startup operation. We put it on a coffee mug. Ironic merchandise. $45. The revenue split on the mug is also 75/25.
My own tokens vest on a different schedule. I wrote that schedule. That is not in the Gold Paper.
The memecoin funds the family. The family funds the platform. The platform funds the stablecoin. The stablecoin funds the deals. The deals require the pardons. The pardons free the partners. The partners fund the platform. The President signs the executive orders. The executive orders inflate the assets. The assets fund the family.
I am the reason these events are unrelated.
unstabl bunny retweeted
.@BCG x @AlliumLabs analyzed $62T of stablecoin transfers.
Only $350-550B represents actual payments for goods and services.
The rest? Trading, protocol mechanics, intermediary routing.
The insight: stablecoins function primarily as settlement infrastructure, not mass-market payments.
The infrastructure layer is where the real value accrues.
