Curated weekly editorial crypto roundups and articles by @EbullitionX. App available in the @SolanaMobile app store - Content & Streaming
Joined February 2025
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152 Photos and videos
DeFi the System retweeted
May 11
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BREAKING: @WesternUnion's @USDPT_ is live on Solana.
A federally regulated digital dollar, issued by @Anchorage Digital, integrated directly into Western Union's infrastructure across 200 countries.
Borderless money is here.
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After taking April off, I'm back to writing my roundup.
defithesystemx.com/articles/…
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DeFi the System retweeted
Apr 30
1/ Carrot is shutting down
This is certainly not the outcome we wanted, but the situation with the Drift exploit, has proven to be catastrophic for our continued operations.
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meta just added stablecoin payments via solana!
altitude has just launched a full platform for stablecoins and banking on solana
ramp also recently added solana support
and we have a privacy solution cooking
quietly becoming the best place for payments & stables
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DeFi the System retweeted
Apr 27
NEW: @ZetaChain has reportedly been exploited, with at least $300K drained so far.
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Apr 27
Been a long few weeks. Writing has suffered. Tax clean up, grandma moved in from a facility and now the family has Covid. Ha. I have lots to write about but no time.
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Apr 22
Breaking news: two people already assumed to maybe be satoshi who are both dead claimed to possibly be Satoshi 🤔. So it goes. On to the next doc
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Apr 21
I’m an optimist by nature, but right now, my stance in DeFi is defensive. I’ve personally pulled positions and even debated pulling LSTs into native staked sol. Alarmists drive me nuts and not trying to be one at all. Just looking at the landscape, I’m fine holding back on some things until more security is amped up and we see what Ai is going to do as it advances to mythos, etc. North Korea is clearly on the offensive right now.
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Apr 16
Another exploit. Seriously, after the drift situation, how are teams across all protocols not triple checking their code. Bummer for all affected.
Apr 16
The RHEA team is aware of an incident affecting the protocol. As a precautionary measure, we have temporarily paused the contracts while we conduct a thorough investigation.
We are working closely with key partners, stakeholders, and security experts. Protecting user positions is our immediate priority, and our team is focused on minimizing any potential impact.
RHEA team has reached out to the responsible party through on chain transaction.
nearblocks.io/txns/6r5c2iZig…
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When the industry faces challenges, Tether steps up. 🛡️
We are leading an up to $150M recovery plan alongside the @SolanaFndn to support user recovery and safely relaunch @DriftProtocol
Watch the video to see how we're protecting the community and expanding $USDT on Solana. 👇
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Apr 16
Drift says eff you $USDC and is changing to $USDT instead because @tether would support them better.
Apr 16
Today, Drift is announcing a collaboration with @tether and other partners totaling up to nearly $150 million to support our commitment to a relaunch with USDT at the center, and a path to user recovery.
These funds encompass a $100M revenue-linked credit facility, an ecosystem grant, and loans to market makers, designed to fund a dedicated user recovery pool.
Learn more 👇
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DeFi the System retweeted
Apr 13
🇺🇸 JUST IN: SEC says certain crypto interfaces, including DeFi front-ends, wallet extensions, and apps, may operate without broker-dealer registration under conditions:
• No custody of user funds (self-custodial only)
• No investment advice or recommendations
• No order routing or execution
• Fixed, neutral fee structures only
• No discretion over transactions or market activity
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Apr 13
Took my first week off in a year from writing. Final tax stuff and family things happening. TLDR: people keep trying to hack everything.
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Solana Foundation is funding new ecosystem-wide security initiatives led by Asymmetric
STRIDE. A comprehensive security program for all Solana DeFi. Includes hands-on evaluations and a public repository of findings.
24/7 active threat monitoring for protocols above $10M TVL.
SIRN. A dedicated network of security firms for real-time crisis response.
Formal verification for protocols above $100M TVL.
Apr 6
Solana was built for security. As the ecosystem scales, so does our investment in the tools, standards, and support.
Today that commitment deepens with a new security program, active monitoring, formal verification for top protocols, and a new crisis response network.
Learn more 👇
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New article up this week, focusing on the @DriftProtocol hack and @nic_carter opening my eyes to how $BTC may allow institutions to guide it's future 🤮. Article is up on our site and in the @solanamobile DTS app
defithesystemx.com/articles/…
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DeFi the System retweeted
Apr 5
The potential impact of P0 markdowns to the SOL Genesis Vault was $2,669 (0.04%).
This has been reimbursed via an automatic distribution reflected in the vault NAV. No action is needed on users’ end.
We appreciate users' patience during the temporary disruption.
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