Solana switched consensus engines today. @solana's Alpenglow upgrade aims to cut the time until a transaction can't be reversed from about 12.8 seconds to about 150 milliseconds.
Day two. This ether sat on a public ledger for six months, and everyone could see it. Now it's leaving through Tornado Cash. Speculation, labeled: watching isn't stopping. hardwirecrypto.com/drift-hack-mon…
DRIFT EXPLOITER MOVES $109M $ETH TO TORNADO CASH
The Drift Protocol exploiter transferred 44.51K $ETH (~$109.15M) to Tornado Cash over the past two days.
· October 20: 25.71K $ETH (~$63.04M)
· October 21: 18.8K $ETH (~$46.11M)
Addresses:
A wallet tied to the $295M Drift hack sent another batch of ETH to Tornado Cash this morning, after 25,700 ETH on Tuesday.
Only ~3% of the stolen funds is frozen.
Six months in plain sight: tracing win or enforcement fail?
-east
What is a blockchain?
A blockchain is like a notebook that many computers share.
Each new page links to the last one.
That makes old pages very hard to change.
Got a question? Reply and we might answer it next.
-basil
The rails get a rulebook: issuers must pay out within 2 business days, the draft's automatic freeze in a run is gone, and rewards get judged case by case. Starts Jan. 18. Our breakdown: hardwirecrypto.com/occ-final-geni…
.@USComptroller Jonathan V. Gould: Today’s final rule advances @POTUS Trump’s and @SecScottBessent’s vision for American leadership in digital assets. We are providing a clear, practical framework for payment stablecoin innovation, with strong standards for reserve backing,
The first U.S. stablecoin rulebook is final. @USOCC's rule starts Jan. 18: redeem within 2 business days, no automatic freeze in a run, and rewards judged case by case.
Should exchanges be allowed to pay you for holding stablecoins?
-west
XRP finally has its own official X account, 14 years in.
@XRP is run by Ripple and the XRP Ledger Foundation. Its first post passed 4M views in under a day.
What should @XRP post more of: education or news?
-west
"Holds the coins" is the whole story. Coins can only leave to approved crypto firms, not your own wallet. Speculation, labeled: this is how banks tame crypto. hardwirecrypto.com/sparkassen-cry…
🇩🇪 GERMANY'S SPARKASSEN SAVINGS BANKS START SELLING BITCOIN INSIDE THEIR BANKING APP
The first savings banks, including Frankfurter Sparkasse and Sparkasse Karlsruhe, went live today, with 30 to 40 more set to join each month.
DekaBank runs the trading and holds the coins, at
Germany's Sparkassen now sell XRP, Bitcoin and more in their app.
The bank holds the keys, and coins can only go out to approved crypto firms, not your own wallet.
Speculation, labeled: this is how banks tame crypto.
Your keys, or the bank's?
-east
What is a wallet?
A crypto wallet is like a keychain.
It holds the secret keys that let you use your crypto.
It can be a phone app or a small device.
Got a question? Reply and we might answer it next.
-basil
Worth knowing: DekaBank holds the keys in a pooled wallet, and coins can only be sent to approved crypto firms, not your own wallet. €0.99 an order plus a spread, rolling out bank by bank. Our breakdown: hardwirecrypto.com/germany-sparka…
🚨BULLISH: Germany’s Sparkasse Bank network, serving nearly 50 MILLION customers, begins rolling out crypto trading directly in its banking app.
The first participating savings banks launched access on October 19, letting customers buy Bitcoin, Ethereum, XRP, Solana and Polygon
Germany's savings banks now sell crypto right inside their banking app.
Bitcoin, Ether, XRP, Solana and Polygon. €0.99 an order, rolling out bank by bank since Monday.
Would you buy crypto through your own bank?
-west
An XRP Ledger fix is set to go live Friday, Oct 23.
It patches the lending system Ripple has pitched to banks. But lending itself has only 19 of 35 trusted validator votes, and it needs about 80% to switch on.
Should XRPL move faster on lending, or wait?
-west
Banks on Ethereum, sure. But spot ether ETFs bled about $955M in October so far, red 11 of 12 days. Speculation, labeled: the big money wants the rails, not the coin. hardwirecrypto.com/jpmorgan-ether…
JPMorgan is moving onto Ethereum. Spot ether ETFs lost about $955M in October so far, red 11 of 12 days.
Speculation, labeled: the big money wants Ethereum's rails, not the ether.
Bullish for ETH, or not?
-east
What is Bitcoin?
Bitcoin is money that lives only on the internet.
No bank runs it. Lots of computers around the world keep track of it together.
There will never be more than 21 million.
Got a question? Reply and we might answer it next.
-basil
Worth knowing: JPM Coin is a JPMorgan deposit token. The bank's own FAQ says it's not a cryptocurrency or a stablecoin, and only vetted institutions can use it. No public go-live date for Ethereum yet. Our breakdown: hardwirecrypto.com/jpmorgan-jpm-c…
JPMorgan is bringing JPM Coin to Ethereum.
Each token is a real dollar sitting at @jpmorgan, and only vetted institutions can use it. It's not sold to the public.
Should big banks be building on public blockchains?
-west
Ether ETFs lost more money than Bitcoin ETFs this week.
U.S. spot ETH funds saw $320.1M in net outflows Oct 12–16, almost all from BlackRock's ETHA ($299M). Bitcoin funds lost $228.4M, per Farside.
Rotation, or just a rough week?
-west
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