1) As you might have noticed, we validate no blocks this epoch... So then... are you considering leaving us? Well, I'd think again if I were you... Why? Because the next epoch Luminapool will validate 4 blocks, four times of what can be expected! 🎉🎉🎉 🧵👇

Privacy works best with UTXOs. Intents work best with UTXOs. Formal verification works best with UTXOs. There has quite literally never been a better time to be a UTXO chain

Decided to have a real look at Midnight ($NIGHT). 🧵 Basically, Midnight is a sidechain designed to act as a privacy layer for Cardano, Bitcoin, and several major chains. It stands out in three ways: multichain integration, selective disclosure, and the tokenomics of DUST and NIGHT. The entire supply was airdropped to tens of millions of addresses across several major chains - primarily Cardano (50%), then Bitcoin (20%), and then the rest. The NIGHT tokens are claimed on Cardano as CNTs, but can be bridged to Midnight directly, where they act as staking tokens providing economic security to the network. What's cool is this: you don't need NIGHT per se to pay gas on the network. Rather, network fees are paid in DUST - a non-transferable network resource passively accumulated by NIGHT holders proportional to their holdings. New DUST is generated in perpetuity, but auto-expires after thirty days. This is a clever model: it allows an easy way for dapps and marketplaces to sponsor user transactions forever with a base of their own NIGHT holdings. Users of all chains don't need to buy another gas token, and the NIGHT token doesn't need to be inflated to make it accessible. It also promotes "rational privacy." The NIGHT supply and transactions are public from day 1, making the token viable for listing on public exchanges. Midnight transactions are private by default, hiding senders, receivers, balances, transaction amounts, and token types. However, with ZKPs, users can selectively prove certain facts about their data, like age verification, sufficient collateral, or transaction validity. This ensures the dapp ecosystem remains open for applications that require transparency and that seek to fulfill regulatory needs. Looking forward to what strides Midnight can make to help bring privacy to Bitcoin in the future. Will circle back around as the eco matures.

⚠️I urge everyone to read this - it is important⚠️ It will take a moment to read through it, but YOU need to know the truth! ℹ️All statements are 100% my personal opinionℹ️ 🚨 Buckle up, this will be a rough, unfiltered one🚨 🚨 Do not continue reading if you cannot handle strong words, because I will not sugarcoat anything when pointing out facts in very extreme examples, extrapolations, or comparisons.🚨 1. I want to point out some things about the "real" Homer. He posted that he is sorry for what he did, etc. I will quote the most important parts and respond to them. 2. After that I will give some statements of the personal experiences i had with him (over multiple years). Pre-Context: Homer, is a developer, active for multiple years in the Cardano-Ecosystem - keep this in mind as context, when he says: i had no idea, etc. --- #1 - His post vs reality: A) "It started off as a "let's see if I can reproduce the bad transaction" personal challenge" Oh, a personal challenge?! So you saw something on testnet, which broke the testnet and then you made it YOUR PERSONAL challenge to try to break our live/mainnet-chain? WOW, then i guess it is okay, right? After seeing that someone destroys dummy-targets on a shooting range - he made it his personal challenge to shoot living people... The classic, "let's see if they die too"-Challenge?! B) "to rely on AI's instructions on how to block all traffic in/out of my Linux server without properly testing it on testnet first, and then watched in horror as the last block time on explorers froze" Hahaha, the guy using linux on a daily-basis, creating code which runs on linux for SPOs, does not know how to block outgoing traffic with the built-in firewall tools? And on top of that with AI instructions he was not able to do so? What a liar! We are not talking about crazy nftables/iptables rules, we are talking about: sudo ufw default deny outgoing Tada!! Every outgoing traffic blocked, unless you intentionally allow it. C) "I know there's nothing I can do to make up for all the pain and stress I've caused over the past X hours." Listen you little cockroach (and we come to that later, why i name him in this "aggressive" way): You did not only cause pain/stress to people - you put their investment, life savings - and by that, entire families with kids, etc. on the line - for what? Oh yes,... your personal: let's try if i can destroy mainnet challenge,... sorry already forgot! D) "I am sorry, I truly am. I didn't have evil intentions in my heart" Oh yes, you are actually evil - intentionally, but we will come back to that later, when I describe my personal experiences i had with you. E) "it wasn't anything that was done for any financial gain or bragging rights" Yeah we already understood you - was only a test to see if you can destroy everything, AFTER you saw what the impact was on testnet. The only "financial" thing that happened was that EVERYONE else needed to eat shit, because of your "personal challenge". F) "(yes but RATS pool id - I had to pick some pool id)" Okay, the guy who is part of a group/project (of very talented and dedicated people - to create open source tools for SPOs) does not know how to create a pool himself? Oh wait!! You run a Stakepool yourself right? Ticker: AAA / Pool-ID: pool1ljlmfg7p37ysmea9ra5xqwccue203dpj40w6zlzn5r2cvjrf6tw Isn't that your pool? Oh yes, you need to take someones else's Stakepool-ID so that the first lead ends up at that person? Yeah, you are not evil - you just fake to be someone else while you attack everyone for your personal challenge! Good boy! G) "I'm ashamed of my carelessness and take full responsibility for it and whatever consequences will follow." Oh, why are you ashamed? Wasn't it just a personal challenge which was aimed at EVERYONE with the goal to see if you can destroy everything? No reason to be ashamed, buddy,.. we "all" know how much "fun" it is to put live-rounds into peoples heads just to see if it will have the same destructive impact, you witnessed on the shooting-range, and kill them. H) "I'm a bad human being" Not shit, Sherlock! (more in the personal experiences part) I) "I'm sure a part of me deep inside was a bit frustrated with some things/people in recent months/years" Yeah, buddy,... we "all" understand you. I also personally go and rape the neighbor's daughter and shoot some random people, because I was frustrated when I stood up. WHO WOULD NOT,... right???.... right?!??!!? J) "some part of me had some quiet confidence that blocks would continue" You are such a liar - you do nothing other than analyzing our blockchain every single day - but you were so confident that nothing bad would happen...that you even used another persons Pool-ID for the attack. K) "Sorry, Cardano community, I truly am." You are not sorry, you're shitting your pants, because law enforcement started to do an investigation. And you know they will get you. Your apologies are as good as the BS a child-predator would tell the cops, when he got caught red-handed. BONUS: "Fun-Fact" - your X-Bio: "Don't invest more than you can afford to go to zero, and think long term" Looks like you invested more criminal intention into something, which had an impact/outcome that you are NOT able to handle. #2 - My personal experiences with Homer over multiple years: Homer was attacking me for years. Whenever i helped other SPOs he was waiting in Telegram just for the moment to write some bad things, personal attacks, in order to provoke me for NO good REASON. I never worked, with the guy, i never had any interactions with him. So there is not really a reason why someone would keep attacking and provoking me.... other than a real sick mindset and/or another personal challenge, because he does not like that or how i help other people. But, what happens is, that some of his "coding" buddies have admin/mod-rights in certain channels, who are always there to happily support the bad-actor: He provokes and attacks me till he gets an reaction out of me, and in the moment I respond to his BS, I am the bad-guy, and his mod-friends talking shit to me or want to punish me for speaking up. They saw everything, what he said to me - all good no problem. I am just not allowed to defend myself. Why I say this, am i not man enough to handle it when someone attacks and provokes me in a huge channel with 3000 people? Oh, I can handle that, but i still want to speak up and say the truth, so that 3000 people do not only consume the fud/attack/provocation and take it as a fact. BUT i am writing this because this guy has a multiple-year long history of getting away with shit - no matter what he does. Like, oh he helps us and provides code etc., so let's all collectively look away when he "rapes" someone,... And here we are,... years and years later: The guy who was always like a mental time-bomb, went off. Oh... i AM sooooo sorry,... i meant, he was JUST doing his personal challenge....to see if he can destroy everything. But hey... no bad intentions!! Just go into a freaking Kindergarten with an AK unload the clip and be like: "Shit!!! I did not think i could hit someone" Dear people out there! I AM more than pissed. And after years and years of eating shit from this guy.... Fate and Karma hit ultra hard. We just say NATURAL SELECTION at its finest! The guy, is and was never sorry, he is just afraid that for the first time in his life there could be consequences for his actions. Lets define criminal conduct a bit: 1. The person understood what they were doing 2. The person acted deliberately, not by accident 3. The person recognized the likely consequences 4. The person proceeded despite knowing it could cause harm 5. The person had control over their actions at the time As you all figured by now I am mad about this outrageous behavior. Drag me through the mud for years - okay i can handle that. Attacking our entire ecosystem? There is no fucking way I stay silent and just let this slip, by someone people who "vibe-coded" with him backing him up like: yeah when he is not destroying other people, then he is a decent coder. FUCK NO! Not on my watch! So please give this little MF what he deserves! And don't fall for that I am sorry BS, he knew what he was doing and the impact, he is just trying to save his ass. Alright, maybe some of you folks think: Oh boy, Holger why using so many "bad" words,... EASY: Because sometimes you need to speak up and say the god damn raw truth! So, i am sorry, if my text was a bit rough for some faint-hearted souls out there, but people who know me know that i am not holding back when it comes to pointing out the facts! Thanks for reading through this dumpster fire, enjoy the weekend! Cheers,... p.s.: No comments like: "oh Holger, why such wording and why so angry" ENOUGH is ENOUGH!

Bears were only able to see a leg down from 126k thanks to the biggest crime ever committed in crypto history which was the 10/10 crash fully made up by White House Mafia and Binance Cartel. On that day, Binance dumped the market on purpose by selling their spot holdings right after trump announced that tariffs on china would be implemented, and as soon they stopped dumping their spot bags, they decided to really crash the market by activating the ADL (auto deleveraging) system. For those who dont know, when this system is activated, Binance is allowed to simply close any leveraged positions of any account under their exchange. And thats what they did. They started selling spot holdings at 121k, stopped selling at 116k. And right after they stopped selling they triggered the ADL system to dump the market even further. The market end up going to 101k, level whom they start rebuying their positions again with the same cash they got from selling in the 121k -> 116k leg down. Unfortunately for them, only dumb people believe the dump was cause by Trump tariffs. Informed people know that this was yet another made up crash by Binance to maximize their holdings. What Binance was not expecting when they activated the ADL system scam, was to see their market makers getting flushed out as well as retail. For those who dont understand how market makers system works, they are constantly buying and selling spot, by placing limit orders to sell right above the price, and limit orders to buy right bellow the price. The perfect scenario for market makers would be seeing a sideways movement between their limit orders, however we know this not to be truth because the market often moves aggressively to both the upside and the downside. Therefore, market makers hedge themselves in perpetuals, to avoid getting exposure to those kinds of moves. Whenever the market starts moving down, market makers open short positions on perpetuals to protect themselves from losses, since their buy limit orders are being filled at the same time. The short positions act as insurance against the downside. Likewise, when the market starts moving up, they open long positions to hedge, as their sell limit orders are being filled. The long positions serve as insurance to prevent losses. In simple terms, they need both the spot market and perpetual market to run their operations. In that day the ADL system was also triggered for market makers, which made them lose their hedge insurance. As the market started moving down, their buy limit orders were being filled, yet they were not able to short the market in perpetuals because the ADL system blocked their orders, leaving them completely exposed to longs while the market kept crashing. They were literally used as Binance exit liquidity and majority of them are now bankrupt. This week those same market makers started liquidating their spot holdings in order to pay the investors who are pulling out their sate in those same institutions. This was the reason why we saw such an aggressive move to the downside this week and the reason why I called to add limit orders to long in the 100-103k region, hours before they started liquidating their assets. Raw truth is that we would never be as low as we are now if it wasn't for Binance. Big accounts can tell you whatever they want but the truth is that by now we would be trading in price discovery if it wasn't for Binance Cartel. Those same accounts keep screaming lower from months now, yet Bitcoin want even able to properly break the 100k support. For all those big accounts reading this, I say to you to stop acting like a clown and stop humiliating yourself, because soon enough when market makers finish liquidating their assets, we will bounce and the 118-120k resistance will be tested. You better pray for a denial there, otherwise 140-150k will come full speed. Thank you for your understanding to this matter!

Balancer and its forked protocols were exploited, resulting in ~$128M in funds drained across Ethereum, Arbitrum, Base, Polygon, and other chains. Berachain even halted its entire network to contain the damage. This Balancer exploit is structurally impossible to replicate on Cardano eUTxO model. While the attack exploits EVM’s global state and integer arithmetic vulnerabilities, Cardano eUTXO model counters these vectors with single-use UTxOs that prevent state reuse, cryptographic signature validation for transaction integrity, and full-transaction atomicity that ensures all operations succeed or fail as a unit, rendering such an attack vector highly improbable. This once again proves how security-superior Cardano’s eUTxO model is.

What REALLY happened on 10.10.25. Recap: Binance just reminded everyone who really runs this market, this crash wasn’t about trump, tariffs, or macro, that was noise, the real story happened inside the books: One market maker, you definitely know, moved $700M to Binance hours before the crash, 200M of that was in $BTC. Few noticed. Then, as traditional markets bled, crypto started following, but something was off the order books on Binance went hollow. No bids, no walls, just a free fall waiting to happen. Volume on $BTC candles: > 23:00 – 2k sold > 00:00 – 12k > Even one-minute candle had 1k btc "inside" Was this organic? At $108k, liquidation pressure hit terminal velocity Binance’s own market maker stopped defending the price and pulled liquidity this is exactly why atom went to $0.001, and the worst part? Traders couldn’t even fight back! On every other exchange you could close, hedge, or buy the dip manually, on Binance, buttons stopped working. Stop orders froze, limit orders hung, only liquidations were executed perfectly (but not in the way should have been executed) think about it — your position, 50x cross, stop at -1% > market dumps 50% > your stop never hits, your account gets nuked 25x over > and if you were mirrored across pairs, it’s game over arbitrage bots amplified it, selling where price still held, deepening the fall lending protocols liquidated positions > alts down 80% > anything with 2x leverage or more = gone guaranteed. > some positions with even less leverage were liquidated. > hundreds of portfolios erased, some funds too, no one’s admitting it publicly yet, but you can read it between the lines the market just showed its real nature - unfair, manipulated, and merciless, only the strongest survive here, and sometimes even they can't handle it. If you’re still here, bleeding but alive, you’ve already passed a test most never recover from don’t quit now. Learn what actually moves price, not what influencers say does the next wave rewards those who survived this one follow, we will fight together

The Oct 11 Crypto Crash — What Really Happened TL;DR: Roughly $60–90M of $USDe was dumped on Binance, along with $wBETH and $BNSOL, exploiting a pricing flaw that valued collateral using Binance’s own order-book data instead of external oracles. That localized depeg triggered $500M–$1B in forced liquidations, cascaded into $19B globally, and earned the attackers about $192M via $1.1B in BTC/ETH shorts opened on Hyperliquid hours earlier, but minutes before Trump tariff announcement. It wasn’t a USDe failure!! It was Binance’s design flaw, timed with macro panic (Trump’s tariffs) for cover. What looked like chaos was actually a coordinated exploitation of Binance’s internal pricing system, amplified by a macro shock and systemic leverage. 1️⃣ The Setup Binance’s Unified Account let traders use assets like USDe, wBETH, and BNSOL as collateral. Instead of oracle or redemption prices, Binance valued these using its own spot market - a major vulnerability. On Oct 6, Binance announced a fix to move to oracle-based pricing, but rollout wasn’t until Oct 14, leaving an 8-day window. 2️⃣ The Exploit During that window, sophisticated actors manipulated Binance’s order books, dumping ~$60–90M of USDe, driving it to $0.65 on Binance only (still ~$1 elsewhere). Because the Unified Account marked collateral to internal prices, this instantly wiped margin value and triggered $500M–$1B in forced liquidations. Then, Trump’s 100% China tariff headline hit, magnifying panic and liquidity stress. 3️⃣ The Profit Engine The same day, fresh wallets on Hyperliquid opened $1.1B in BTC/ETH shorts, funded by $110M USDC from Arbitrum-linked sources. As the Binance cascade unfolded, BTC and ETH cratered, those shorts netted $192M in profit before closing out at the bottom. Timing, precision, and funding paths all suggest coordination. 4️⃣ The Contagion Binance liquidations dumped BTC/ETH/ALTs into thin books. Other exchanges mirrored the collapse through cross-market bots. Market makers hedged across venues were forced to unwind everywhere. Result: $19B global liquidations, with many alts down 50–70% intraday, all triggered by <$100M of manipulated collateral. 5️⃣ Who’s at fault? Binance: design flaw delay in oracle rollout = root cause. Exploiters: executed and timed the manipulation, profited via external shorts. Ethena (USDe): not at fault - protocol stayed 1:1 collateralized, redemptions normal, peg held everywhere else. 6️⃣ Aftermath Binance admitted “platform-related issues,” promised compensation for affected margin/futures/loan users, and rolled out minimum price floors oracle integration. USDe remained operational, and the incident is now a case study in how exchange-side pricing errors can trigger system-wide liquidations. Bottom line: A ~$90M dump on Binance and a $1.1B leveraged short elsewhere sparked a $19B bloodbath. Not a stablecoin failure, but a masterclass in exploiting flawed collateral valuation during peak macro stress.

Dear Delegators! Epoch 575 brings 2 blocks to the table! 🎉 Let's continue collecting the 150 % epochs 😎

Luminapool is celebrating its 5th birtday! 🎂 Right at the time when being the second most profitable pool as per the last 10 epochs! 🥈 Happy staking! 😊

🎉🎉We are now the second most profitable of all stakepools, according to Cexplorer! This is based on the performance of the last 10 epochs 🎉🎉 Happy staking, and remember, we need the no-block epochs, as those increase our chances for multiple-hundred % performance epochs💪

🎉🎉 Happy to annonce that we are now nr. 3 of all pools, ranked by the most delegator rewards paid as per the last 10 epochs, according to Cexplorer! 🎉🎉

🚨 🚨 🚨 74,000,000 #ADA (58,665,026 USD) transferred from unknown wallet to unknown wallet whale-alert.io/tx/cardano/bb…

We are in 6th position for highest delegator rewards as per the last 10 epochs. We are climbing higher, as we've been 8th the last epoch. This would not have been possible without the no-block epochs, we are also stacking. Contradictory at first glance, I know! 😁

Time to get bullish again: The 1st onchain transaction proving the Bitcoin state just settled on Cardano. This marks the beginning of the Cardano ↔ Bitcoin bridge, built by FluidTokens and @zkFold . Strong narratives are amazing, onchain proof is so much better 👇

As a long time Cardano supporter and of the first on Youtube, I'm going to be very honest about Cardano and Charles and I'll only say this once...

I F'd up today... I have no access to my Drep signing key until tomorrow... 🤦‍♂️

Yesterday, Justin Sun asked what happened to Ethereum. You might be interested in my perspective. Historically, Ethereum was the second largest innovation in the crypto industry after Bitcoin. The second place in market capitalization was justified. In my opinion, Ethereum’s position is shaken for many reasons. Probably the biggest mistake was to prefer supporting the L2s ecosystem to abandoning sharding. L2s quickly solved the scalability problem. Unfortunately, the rocket growth dampened the focus on other important innovations. Everyone believed that execution would take place on L2s and that Ethereum would only serve as storage for L2s’s data. L2s took over user activity and liquidity. Solana showed users that DeFi can be accessible from L1. Solana faces problems with failed transactions and network restarts, but it has managed to attract a significant portion of users. From a user interface perspective, Solana is more user-friendly. Although Ethereum's transaction volume reached a new ATH in 2024, it is now similar to 2018. Many incompatible L2s in the ecosystem are a nightmare for users. Ethereum L2s depend on centralized sequencers, and security depends on admin keys. It can be dangerous for real businesses to deploy huge capital on L2s. This is also true for Bitcoiners. In the context of decentralization, Ethereum L2s are an innovation in the wrong direction. Every ecosystem will need L2s; the details are important. L2s should not extract value from L1. L2s get rich from fees while they pay negligible fees to L1. ETH is no longer ultra-sound money and has become an inflationary asset again. Currently, more ETH is being minted than burned. The assumption was reversed. Celestia emerged, which began to compete with Ethereum as a better-optimized data availability layer for L2s. Some builders and, with them, users, migrated to the Celestia ecosystem. Cardano had PoS a year before Ethereum, including liquid staking. When Ethereum migrated from PoW to PoS, it was not possible to withdraw staked ETH. Ethereum staking is complex compared to Cardano and dependent on third parties, especially LIDO. Criticism began to emerge, which led to upheavals in the Ethereum Foundation. Among other things, the target of criticism was poor support for builders and the abandonment of sharding. Some members were fired. Vitalik Buterin temporarily took over decision-making power. Members of the Ethereum community are constantly debating whether the technology or ETH as an asset is more important. Ethereum has lost its direction. Some L1s scale better, are more decentralized, are better as a data availability layer, have better staking, etc. There have been many hacks on the EVM, and the UTxO accounting model seems to be an interesting alternative. Some chains have on-chain governance and have gotten rid of their dependence on the founder. Ethereum currently has no feature that it is the best at. Historically, Ethereum still has a huge DeFi user base and TVL. As one of the oldest protocols, it has a strong Lindy effect. I don't want this to sound like a criticism of Ethereum. The crypto community needs to know what has happened historically in the largest ecosystems and what the consequences are. It's important to learn from the mistakes of our predecessors. In the context of Cardano, the following must be taken from this: • We must deliver Ouroboros Leios. It is not smart to rely on L2s. • It is great that we have on-chain governance. • It is an advantage that we have liquid staking. • Let's not change monetary policy without careful analysis. Let's be happy for every ADA in the treasury. • Let's support third-party builders. • Decentralization is our edge.

🇬🇧 UK #Cardano Community! State of Governance and Networking Event Hosted by: @DiscoverCardano 🤝 @Upstream_ada 🗓️ Saturday 22nd March 2025 🕙 10 am start 📍Loughborough, UK Image Credit: @WepngongMaureen Please like, comment and share. Follow the hosts to keep updated!

Evening all… If we were to have a UK Cardano meet up, Would you prefer one before Christmas or in the new year?

What an amazing day we had at the London community-led #CardanoSummit2024! It was great to see so many members of the local - and not so local - #Cardano community joining us on the day. We had an awesome time! A special thanks to all the projects and individuals who contributed, and made the day a huge success.. @CNCardano - Christian [SHIFT] & Rick [RCADA] @NFTPassCo - Rhys [STOIC] @Kickweb3agency - Pierre & Donna @IntersectMBO - Ryan & Gemma @Gnobudyspecial - John, one of our Cardano Constitution traveling delegates @atriumlab @StagAlliance @MidnightNtwrk @pendulumlondon We loved seeing so many new faces joining us alongside all those who are already an active part of our events community! We look forward to seeing you all again soon! And.. a special congratulations to Ian, the SPO at @HephyPool - & the luckiest guy we know 😅 - who was the winner of the limited edition @eternlwallet branded @KeystoneWallet . Enjoy Dubai and we'll post it up to you for when you're back 🙌🏼 Until the next time.. ✌🏼