A hacker stole $223M from Sui yesterday.
Then something unprecedented happened.
Sui validators literally banned him from the network and froze his funds mid-escape.
This changes everything we thought we knew about "decentralized" blockchains.
Here's the wild story π§΅
Our brain seeks certainty before acting β but certainty is not the currency of growth. Movement is.
And ironically, the more you try to achieve certainty through preparation, the less you act β which feeds the very anxiety youβre trying to prevent.
In his annual letter to investors, BlackRock CEO Larry Fink writes, βIf the U.S. doesn't get its debt under control, if the deficits keep ballooning, America risks losing that position [worldβs reserve currency] to digital assets like bitcoinβ
βthe United States is going to dominate crypto and the next generation of financial technologiesβ
βstopping the lawless Operation Chokepoint 2.0. β¦ it was a disgrace.β
βsimple common sense rules for stablecoins and market structureβ
βInstitutions will be liberated to invest, innovate and take part in one of the most exciting technological revolutions in modern history. Itβs so big. Itβs, I think, as big as you can get.
βPioneers like you will be able to improve our banking and payment systems and promote greater privacy, safety, security and wealth for American consumers and businesses alikeβ
βYou will unleash an explosion of economic growth and with the dollar backed stablecoins youβll help expand the dominance of the US dollar.β
βthe energy and passion of the crypto community is the kind of spirit that built our countryβ
βitβs exciting to watch as you invent the future of financeβ¦ and itβs going to be right here in the USAβ
βwe will make America the undisputed Bitcoin superpower and the crypto capital of the worldβ
x.com/BitcoinMagazine/statusβ¦
Bitcoin at major support area. β
Record low market sentiment. β
Global liquidity rising rapidly. β
I like our odds here. The future looks bright. π«‘