After serving the Cardano ecosystem since 2021 and sharing an incredible journey with thousands along the way, we’ve reached a point where the JPG Store & Comet platforms have to be sunset. While we deeply value the people who have supported us, the platforms have reached a stage where they are no longer sustainable to operate. JPG Store & Comet will continue to be online until the 23rd of May. After which, the website will be shut down, though the smart contracts will continue to live on. 🧵1/6

User protection is a core promise of CoW Swap. We are therefore proposing a discretionary grants program so that victims of the April 14 DNS hijacking incident can be made whole as quickly as possible. Proposal details can be found on the CoW DAO forum, here: https://forum.cow.fi/t/cip-draft-discret… Note that because of the high sums involved in the incident, this proposal will need to pass governance to go into effect. Please signal your support or give feedback directly in the forum.

Aave is my life's work and we're working nonstop to find the best possible outcome for users. I’m personally contributing 5000 ETH to DeFi United as we continue working together with partners on formalizing more commitments. I’m working to see this resolved and market conditions normalized as soon as possible. DeFi United.

Update on rsETH incident: rsETH reserves have been paused across Ethereum Core, Arbitrum, Base, Mantle, and Linea. This was done with the objective of recovering additional funds as the recovery plans progress. We will keep the community updated on the next steps as the efforts continue.

The KelpDAO hacker has swapped nearly all of its 75,700 ETH holdings, worth about $175 million, into BTC over roughly a day and a half. The cross-chain swaps were primarily routed through THORChain. Due to the sheer size of the transactions, the laundering activity also generated about $800 million in volume and roughly $910,000 in platform fee revenue for THORChain. Source: https://x.com/EmberCN/status/20471168529…

Base just shipped Azul to testnet. Azul is the first network upgrade @Base has ever built without Optimism's schedule, Optimism's code, or Optimism's permission. Mainnet lands May 13. This is Base taking the steering wheel. Up until now, every Base upgrade was downstream of the Superchain release cycle. The thesis was beautiful on the whiteboard. The execution was glacial in the codebase. Ship when Optimism ships. Coordinate, align, wait, ratify. Azul breaks that loop. — ➠ What Stack Consolidation Already Got Them Before Azul even activates, two months of cleanup has shown up onchain: ▸ Empty blocks cut ~99% (from ~200/day down to ~2/day) ▸ Multiple sustained 5,000 TPS bursts — ➠ What Azul Actually Ships Three things worth understanding. ❶ Multiproofs Azul introduces two separate alarm systems running at the same time. One uses secure hardware (TEE). The other uses math (ZK cryptographic proofs). Either one can approve a withdrawal. If they disagree, the math wins. If they agree, your money moves in about a day instead of a week. An attacker would need to compromise two independent systems to fake a fast withdrawal, not one. This is the technical precondition for Stage 2: the chain can now detect and adjudicate proof system bugs onchain. ❷ Stack consolidation Azul drops every other piece of software and runs everything on Base's own clients. The payoff is simple: when there's a bug, there's one team to call. When there's an upgrade, there's one release to ship. ❸ Ethereum Osaka alignment A handful of small technical changes that make Base behave more like mainnet Ethereum. For most apps, you won't notice anything. For developers building weird edge cases, there's a list. — ➠ Security Is Not Cosmetic Every onchain component in Azul went through internal and external audits. The @immunefi audit competition is live through May 4 with a $250K max reward for critical vulnerabilities. Not a bug bounty for show, a pre-activation stress test. If you can break Azul on testnet before mainnet activation, Base is paying you to do it. — ➠ This Is Why $BASE Positioning Makes Sense. Every L2 that has ever shipped a token followed roughly the same dance: ❶ First, they make the chain work without them (fault proofs) ❷ Then, they distribute upgrade power to a group of outsiders (Security Council) ❸ Then, they add multiple independent proof systems (what Azul is doing) ❹ Then, they open up transaction ordering to the public (Stage 2) ❺ Then, a token shows up, because at that point there's actual infrastructure to coordinate and pay for Base's timeline: → October 2024: Fault proofs went live on mainnet. Step 1 done. → April 29, 2025: Stage 1 Decentralization reached. 10-entity Security Council in place. Step 2 done. → September 2025: @jessepollak (Base's founder) said at BaseCamp "we're exploring a token." Not confirmed. Not denied. → May 13, 2026: Azul activates. Step 3 done. → Summer 2026: Roadmap includes open sequencer steps and faster withdrawals. Step 4 in motion. → Step 5 has not been announced. JPMorgan's research desk floated a potential valuation of $12B to $34B. If it ships, it becomes the largest token event ever tied to a publicly-traded company. Honestly, If Base ships a token, the people who eat well won't be the ones who sprinted in the final month. They'll be the people who used Base because Base was the best place to do whatever they were doing. Trading. Building. Swapping. Whatever. So are you already position yourself, Anon?

We're now archiving every Raster collector's art collection. Create an account, add all your wallet addresses (no signatures needed!) and we'll back-up the files behind your artworks. As best as we can, for as long as we're around, free of charge. 👇

North Korea’s crypto playbook is evolving, and it's still working. Two recent @CoinDesk pieces featuring @aurbelis show how these attacks are becoming more coordinated, more repeatable, and harder to defend against. 🧵