digging into this, I just noticed they changed their fee structure, too. this can either positively or negatively impact you, depending on your circumstances.
"βin an international context you cannot assume that there is even a single government that everyone trusts, whereas public blockchains are more easily perceived as being neutral.β"
Not all transaction types can be frontrun. I doubt the US or Chinese governments would be using Uniswap much.
"Oh no! Greg from Delaware just sent 0.1 ETH with a priority fee to his friend before we sent our trade deal settlement to India. Now we have to wait a few seconds for the next block!"
My book is about 90% written. I'm hoping to have it ready for publication by the end of the year. In addition to editing on the last chapter I'm trying to get various teams from Depin/DeAI to write postwords for the various technical chapters for something like co-marketing purposes.
I haven't been writing as much on my blog or reddit because my time has been eaten up by that. If it goes well I might also write a book on governance.
Not sure if it fits the bill but I know the founder of Auki (https://www.auki.com/) quite well, they're doing a Depin for AI navigation. He's a very outspoken guy, so I am sure he'll be happy to contribute if you want. They've been at it for ages, well before the AI hype wave.
I honestly canβt enjoy this price movement when Ray stays weakβ¦ I start celebrating at 0.065+ I donβt care if the price is still at 2700 by thenβ¦
The current ETH price is garbage. BNB is trading 14% above its 2021 ATH. ETH needs to be at $5.5k to match that. BTC is 25% above its 2021 ATH. ETH needs to trade at $6k to match that.
ETH needs to basically do a 2x right now just to catch up to BNB. It's miles behind and I hope the cursed third cycle and scam manipulation BS by dirtbags is behind us. Otherwise we are in the wrong asset.
That is what we thought during Ethereumβs cursed third cycle - yet ETH just kept bleeding against BTC. Bitcoin still trades for more than 31 ETH, compared with roughly 8β20 ETH during previous cycles. ETH has the smaller market cap and appears severely undervalued relative to BTC, so I see no fundamental reason Bitcoin should continue to run harder from here.
Ethereumβs marketing and mindshare problem still needs to be addressed. Virtually everyone has heard of Bitcoin, but people cannot buy ETH if they have never even heard of Ethereum. βEthereumβ needs to become as familiar a name as Bitcoin - or even the dollar. That is how you achieve mass adoption.
ETH also needs to appreciate faster than BTC from here. Otherwise, we are holding the wrong asset: a slower, more volatile horse. Nobody wants that combination.
ETHβs price action since the ETF launches has looked extraordinarily manipulated. Sommi posted an excellent video yesterday identifying what he considers the manipulation zone. If ETH eventually rebounds to a much stronger ratio against BTC, the abnormality of this period should become even more obvious on the long-term chart.
ETHβs price action over the past few years has looked deeply unnatural. In hindsight, it was a traderβs dream - if you had somehow recognized in advance what was about to happen.
Are you saying ETH bleeding against BTC is a sign of it maturing? Perhaps I am misunderstanding. It's extremely undervalued, and if it continues to bleed its the opposite sign of maturation.
Looks like Lido is consolidating the curated validator set into 0x02 credentials finally. We can expect a considerable decrease in amounts of validators in mainnet ahead of Glamsterdam. Very good for Network health!
The SEC's tokenised stock exemption from last week is getting credited for a chunk of this rally, but worth remembering it's a temporary 5-year order, not actual law, it came out two days after the Clarity Act died in the Senate, so the SEC's basically doing on its own what Congress couldn't agree on. Feels like everyone's watching the ETH price move without really digging into what got approved.
Stock tokens have to give holders the same voting and dividend rights as real shares, and issuers get a 30-day window to opt out entirely, so this isn't some free-for-all tokenisation land grab. Given how much of the RWA stuff already builds on Ethereum, this seems like a bigger long-term deal for the ecosystem than for the price chart, but I could see it going either way. Anyone think this actually holds up past the 5 years, or is it getting walked back the second the political winds shift?
the NAS is also ripping, and OIL dropping. I don't see any news that would indicate that makes sense. The market in general has seemed more and more divorced from reality recently.
China has extremely large oil reserves and stopped buying. Presumably to keep their trading partners from going bankrupt. They also seem to have stopped honouring the petrodollar. I think this is why the oil price hasnβt exploded. The world order is changing..
Yep, that's my understanding of the oil situation. China has enormous reserves, almost certainlky underground which the OSINT community didn't know about. They dropped their imports by like 50% overnight shortly into the crisis.
I think the market is actually encouraged by the Fed being willing to act on price stability. Yes, a raise is βbadβ but a large amount of uncertainty was reduced with the action and tail risks that the fed was bought by the president. Market hates uncertainty.
Yeah I do think raising rates was the correct decision for signalling responsibility, beared out by the usual "fed dip" and then a complete recovery the day after.
I just don't understand how we are in a situation where Oil is basically not flowing, US oil reserves including SPR are reaching critical levels, the situation in the middle east is escalating, bond rates are rocketing, inflation is elevated, and we are still in a relatively bouyant stock market.
I mean the houthi's blew up several pumping stations and damaged the pipeline that pumps oil to the bab al mandab to get around the hormuz blockade and the market goes up. Oil is under $100 a barrel I believe both Brent and Texas.
It just feels to me like there has to be some correction to market fundamentals. But many a fool has believed that and missed the rally. I'm usually a "fuck it money in we ball think in 30 years guy", but even I've stopped at this point.
Honestly no idea either. I think the market must just be pricing in some sort of conflict resolution that does not feel possible right now. For prices to make sense this shock needs to be time-bound and over in the next 3(?) 6(?) months? Or perhaps Venezuela and other sources are enough to keep the economy above catastrophe levels.
Yeah I think some sort of resolution maybe. But ultimate even if it was resolved now, it'll take a long time to rebuild a lot of the destroyed infra, the insurance will still be sky high, and the SPR needs to be refilled...
But my most successful motto as a trader is "I know shit about fuck". I stick to what I know and we'll see haha
Speculation of the Middle East meeting outcome at UNGA tomorrow might be what's causing OIL to sell off some.
Completely agree on your last sentence man. Can't help but feel like some major global crisis is looming. Gotta make hay while the sun shines though...
A world in which the UN achieves anything, especially obstensibly against the United States wishes, is a world I hope to one day see lmao.
I work for a trading company, been an incredible year so far. But I'm largely sat in cash on the investment side rn re stocks. Overheated AI market, a million red blaring klaxons, and no one seems to care.
If I'm wrong, meh, I miss a year. If I'm right I'm going to be the smuggest man on the planet.
Haha yeah. I actually work on UN stuff sometimes. US is calling a vote on almost everything, so that they can vote against whatever it is, as a big F U to multilateralism. Thankfully most UN countries are still...normal... so positive things get voted through, though it's all just commitments/ goals on paper which in reality always under achieve.
Awesome on your job! Do you have ETH/ crypto positions rn? Just stocks you're staying clear of?
Yeah I've been a committed ETH bagholder for a very long time haha. As for stocks not particularly, most of my stock investments are just ETF exposure atm. My last two plays really were Nvidia and Micro, post FTX crash and pre Bitcoin ETF respectively.
I do most of my trading trading as I say usually 2m timeframes spreadbetting on index markets, usually US30 NAS, sometimes GER, less frequently gold. Feels a lot safer to have nothing left on the table at the end of the day.
Haha re the US. So petty. The UN is a good idea in theory but the reality of it is the US just does whatever the fuck it wants
historically, the average best performance comes from lumping it all in instead of trying to time the market, then averaging in as you can. doesn't realy matter if the S&P shits the bed 20-30% then 10 years later it's 500% up or whatever.
By the same token, that's only true because it has been. you could easily have bought at the tech peak or been a JPN investor at the peak and it's taken an insane time to ROI that.
Ultimatley it's a risk and timeline consideration.
Hypothetically, how do you go long on ETH? Iv never done it before so im not exactly sure how to do it. My basic understanding would be to borrow against ETH on AAVE and just buy more ETH with the USDC generated? I want to test out something small like borrow against 1 ETH and donβt get liquidated unless it falls under $1k.
I don't know much about it except I have some small low leverage positions in lighter. But I wanted to point out that all strategies fall into two categories - ones that produce a taxable event and ones that don't depending on whether you want to use existing ETH or cash. So some answers below might be technically incorrect because it sounds like you already have ETH.
Lots of ways. Perps allow simpler steps of deposit collateral, choose leverage amount. Neat Defi primitives such as Alchemix create a different market price on leverage without the liquidation risks.
You don't have to go that complex. You could just use a trading platform and use your ETH to get margin to take a leveraged ETH position. I used to use GMX io a lot. They allow up to 50x IRRC, but such a leverage multiple is borderline suicide in crypto IMO. A most I dabble with 2 or 3x
GMX is expensive for leverage. They have a complicated pool system where funding rates may raise almost exponentialy for a short time. Ligther is cheaper (funding rates).
Here what the AI says:
Your observation is accurate: GMX leverage can become highly expensive due to its unique pool-based architecture, which relies on multi-layered fees that scale dramatically during periods of high market imbalance.
Yes it definitely is expensive, but depending where you live (I'm UK), you can't trade leveraged crypto synthetics without being a professional investor, and binance is banned. So decentralized platforms are a bit better. I've only ever dabbled with leverage on crypto, I'm more a forex and index leverage guy tbh.
My point about not being complex is more the user interface for GMX is very easy to use, compared to say nested lending of tokens through a decentrazlied lending protocol
edit: I'm not quite sure it's pool based leveraged trading structure is unique though, there's plenty out there that do something similar.
I guess Lighter is less decentralized. GMX uses automated market-maker, while Lighter connects to the external market-makers via high frequency trading.
In Ligther when you open a position, the market-makers automatically open the other side of the position, with no cost to retail (so far), so its always balanced.
to borrow against ETH on AAVE and just buy more ETH with the USDC
This is long term option, in which the 1% gain per year on ETH mostly compensates the 3.6% loss per year on the borrowed USDC. The only problem is that AAVE may go down, together with your deposit.
The perp leverated long on Lighter is a short-term option, because it will cost you up to 12% per year in funding rates, which are taken continually from your margin.
It's absolutely not about that. I've been using Nitter since before Elon took over. For a brief period I used Yotter in 2018/19 before Nitter. Acessing these platforms via a proxy like Invidious for YouTube is actually a great way of preventing echo-chambers because if you're accessing it anonymously, it can't target you with propaganda sent your way by whoever owns the platform, left or right, auth or lib. There are almost no algorithms dictating what info I get. Even most of my Reddit browsing is done on Redlib, though most subs on Reddit are hugely biased, so I'm not sure it makes much of a difference here at least. YouTube and X though are good to get without the algorithms.
you can view X in a browser of your choice X at x.com without any x account to give you privacy
X could still track my via browser fingerprinting and cookies.
without the dogpoop UI of xcancel etc
I love the XCancel/Nitter UI. It's so clean. Stop acting like your subjective opinion is objective fact.
your OS and ISP are still tracking you anyway
Mullvad VPN prevents my ISP from tracking me (plus I use Tor browser sometimes for extra privacy) and there's no shortage of Linux distros which don't track you.
Just acknowledge you're wrong for once. It won't kill you ya know.
you can also use those privacy measures while at x.com. stopmprdtending you wont use x because of privacy and admit its an irrational muskphobia because you dont like people with different opinions to have free speech
stopmprdtending you wont use x because of privacy and admit its an irrational muskphobia because you dont like people with different opinions to have free speech
The fuck?
I literally use Invidious, FreeTube, Redlib, Teddit and once upon a time Yotter, all in addition to Nitter (back in the Jack Dorsey days) and now XCancel. I mean, there was even Bibliogram for a brief while which did the same for Instagram. If I didn't care about privacy I wouldn't even know what the fuck these platforms are.
Are you seriously so pre-occupied with cramming other people into your own narrow, propagandised worldview? Holy shit bro, touch some grass.
you seem determined to make me agree with you. whereas i find your different opinion interesting and have no wish to persuade you of anything, just exchanging views.
Nitter. It's the same codebase, different hosts. Most instances also seem to be down unfortunately. I think there may be a couple of stragglers, just search Nitter instances on your fav search engine.
Some EEZ (Ethereum Economic Zone) news. Last Friday they managed to get their first COW swap transaction through that got initiated on L2, but used liquidity on an L1. As far as I see this test ran on their own L2 devnet involving their L1 Chiado testnet. Until now, the tests I have played around with have been very custom made for this specific application. To me, this COW swap transaction sounds like there is progress being done integrating EEZ in already existing applications. But there isn't too much information about it, so I might overinterpret it.
They also shared on the EEZ channel that their plan is to have a public testnet launch at Devcon in Mumbai in November. That is in 6-7 weeks. It is called a testnet, but it will run on Ethereum. That sounds pretty exciting. When they first mentioned their rollout a few months ago, they mentioned that it will be done step by step. First there will only be a limited set of calls be possible between L1<->L2, so do not expect a full fledged EEZ implementation by November, but progress is definitely being made. I guess onboarding all the apps and L2s will also take time. Will be interesting to see how different applications use it. I would guess the first L2 who will be using EEZ to a large degree will be gnosischain, as this was their biggest point of migrating to an Ethereum L2.
Has anyone used smart accounts in production? I'm testing it out because I want ai agents to sign transactions on behalf of an EOA but the gas prices are extraordinarily high in testing. It costs 10000000x more than sending the same transaction through an EOA. It's really frustrating that when you find a new technology the cost is too high to use practically.
Is this just Sepolia? And I shouldn't be worried on mainnet? I am using eth-infinitism/account-abstraction. as my test EntryPoint. Is it just a poorly optimised entrypoint? I'm gunna need to deploy to mainnet to see if running ai agents is even viable as it'll just kill profits by using gas.
Does anyone run smart accounts (ERC4337) and have the same issue?
It costs 10000000x more than sending the same transaction through an EOA.
That definitely doesn't sound right.
Some kind of wei vs gwei or gwei vs ETH mix-up? If you don't mind pointing us at a tx you already sent someone can probably tell you whether you're overpaying somehow. (If you don't want to do that for privacy reasons then fair enough.)
That doesn't look particularly expensive? You're paying 1 gwei per gas which is reasonable, gas used in that last tx is 37,696 which is less than twice as much as the cheapest possible tx and the highest one there is 220,236 which is about 10x that.
Iβm investigating whether the gas can be optimised in my erc4337 implementation. I tried optimising the entry point and it came out to around 1900 wei in savings which isnβt a lot in comparison
I mean cmon, I can't even afford to test in testnet because every drip is token gated and google's drip has just been address restricted to 1 per day, minor inconvenience might I add, and only gives out 0.05 per drip. With gas at 0.0005 I'm hitting the limit in 100 transactions and that's just 1 bot
If you're firing off loads of transactions while you build stuff you might be better to try it on a local node instead of a public testnet. Ask your agent to set up Anvil for you.
β’
u/Tricky_Troll Public Goods are Good π± 21d ago
Tricky's Daily Doots #1,602
Yesterday's Daily 20/09/2026
Previous Daily Doots
u/LogrisTheBard explains the risks of Alchemix yields. π§
u/majorpickle01 explains Ethereum's major edge over a corporate chain like Circle's Arc. πͺ
u/Numerous_Ruin_4947 outlines the biggest threat to Ethereum. β οΈ