2Co 4:18 ☤ So we fix our eyes not on what is seen, but on what is unseen, since what is seen is temporary, but what is unseen is eternal.
Joined March 2011
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Eugene Stepanyuk retweeted
For years interoperability meant moving assets.
@NEARProtocol Chain Signatures let you move *authority*.
A single NEAR account can now control native assets across Bitcoin, Ethereum, Solana and 30 chains.
One account. Every chain. Seamless.
This is foundation for the agent economy.
Full breakdown ↓
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Eugene Stepanyuk retweeted
Albania has continued on Day 14 to protest Jared Kushner’s planned resort. No Kings is happening tomorrow on June 14, which is Donald Trump’s birthday.
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Eugene Stepanyuk retweeted
Jun 13
Absolute chaos in Crimea as fuel has totally run out.
Drivers line up for days with no hope of enough to leave the penninsula.
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Eugene Stepanyuk retweeted
Every restriction reminds us of the same thing:
If access can be taken away at an instant, it was never truly yours.
The future of AI needs open networks, open infrastructure, and user-owned agents.
NEAR has been building for sovereignty from day 1.
Jun 13
The US government, citing national security authorities, has issued an export control directive to suspend all access to Fable 5 and Mythos 5 by any foreign national, whether inside or outside the United States, including foreign national Anthropic employees.
The net effect of this order is that we must abruptly disable Fable 5 and Mythos 5 for all our customers to ensure compliance.
Access to all other Claude models is not affected.
We apologize for this disruption to our customers. We believe this is a misunderstanding and are working to restore access as soon as possible.
Read our full statement: anthropic.com/news/fable-myt…
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🇦🇱 After protests in southern Albania, angry protesters in Rrjoll, northern Albania, removed fences from a site where a luxurious resort is being built.
The protesters say land belonging to 200 families has been confiscated.
Environmental and anti-corruption protests are taking place across Albania.
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Eugene Stepanyuk retweeted
➥ @NEARProtocol is about to become the first L1 that scales itself with zero humans involved. The market pumped it 28%, then forgot about it. That gap is the setup
The upgrade, shipping this month: dynamic resharding.
✦ The mechanism in 30 seconds:
→ old way: network congested? Submit a proposal, weeks of validator coordination, a governance vote, a staged rollout
→ new way: a shard hits its state-size threshold, splits deterministically in under 2 seconds, validated by state witnesses. No human in the loop
→ capacity planning stops being a governance problem and becomes a protocol property
✦ What the market did with this:
→ announcement day (May 21): NEAR 28%, $1.76 → $2.24, top performer in the top 100
→ volume spiked 161% to $1.02B against a $2.9B mcap · a 35% vol/mcap ratio, real rotation, not thin-liquidity games
→ today: back to $2.06, -6.4% on the week, dragged down with everything else
→ the catalyst didn't change. The tape did
✦ Three things stacked in the same upgrade window:
➊ post-quantum-safe signing ships WITH resharding · NEAR quietly joins the quantum-resistance trade I covered with $ZEC
➋ NEAR Intents already runs threshold signatures to 35 chains · auto-scaling makes that infra elastic
➌ Bitwise NEAR Staking ETP is seeing inflows · allocators treating June as a fundamental catalyst, not a trade
The honest risk: a 28% announcement pump means success is partly priced. If testnet hits bugs or June slips, that unwinds fast. And the bigger question is unchanged: auto-scaling only matters if AI-agent transaction volume actually shows up to fill the shards.
EV Insight: when the upgrade ships, ignore the price candle. Watch shard count and state growth on-chain. If shards start splitting on real demand, every L1 still doing manual capacity planning looks a generation old overnight.
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Protesters tear down Albanian development site fences, amid anger over coastal projects reut.rs/4e8ezht reut.rs/4e8ezht
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$NEAR has already shown what happens when this trendline gets respected.
2021 → explosive move.
2024 → explosive move.
Now we’re sitting on the third touch.
Same structure
Same diagonal
Same reaction zone
The interesting part?
Price doesn’t need new highs to become bullish.
It only needs to start reclaiming levels that were previously support.
🎯 $3.30 - first major level
🎯 $8.87 - the real momentum trigger
🎯 $20.55 - macro target
Most people look at $NEAR and see a coin down from ATH.
I look at it and see a chart that has spent years compressing around the same long-term support that launched every major move before.
The risk is obvious.
The upside is too.
If buyers keep defending this structure, $NEAR could become one of the strongest comeback charts of the next cycle
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Eugene Stepanyuk retweeted
The future isn’t users managing dozens of wallets across dozens of chains.
The future requires agents, users, and businesses to operate everywhere from a single account.
Chain Signatures are the tech making this possible.
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Eugene Stepanyuk retweeted
$NEAR is one of the more misunderstood assets in crypto today.
Most people still evaluate it as a traditional Layer 1.
When viewed through that lens, the numbers don't look particularly impressive: roughly $140M TVL, less than $1M annualized revenue, and on-chain activity that remains small compared to #Ethereum, #Solana, or even newer ecosystems.
The real thesis around NEAR isn't DeFi -> It's AI infrastructure.
While most chains compete for liquidity, $NEAR is positioning itself around chain abstraction, user-owned AI, and AI-native applications. The goal isn't simply to become another blockchain. It's to become the coordination layer between users, agents, and multiple chains.
The interesting part is that $NEAR has one of the strongest founder narratives in crypto. Co-founder Illia Polosukhin was one of the authors behind the Transformer architecture, the research that ultimately became the foundation of modern AI systems.
That gives NEAR something many AI-related tokens don't have:
Real technical credibility.
The bull case is straightforward:
> AI becomes a major computing and coordination layer for the internet.
> AI agents require open infrastructure, identity, privacy, and cross-chain execution.
> $NEAR captures part of that value through its AI-focused ecosystem and chain abstraction stack.
The bear case is equally obvious:
> Narrative remains significantly larger than current business fundamentals.
> Revenue generation is still extremely small relative to valuation.
> Adoption has yet to fully validate the long-term vision.
Instead of viewing $NEAR as just another Layer 1 investment, I think the more relevant way to frame it is through the broader AI infrastructure thesis.
At its core, the opportunity depends on a single question:
AI will eventually need open infrastructure owned by users rather than corporations.
If that thesis plays out, $NEAR could become far more important than its current financial metrics suggest.
My Framework Rating for $NEAR: 2.8/5 ⭐
AI Narrative (5/5) | Founder Quality (5/5) | Brand (3.5/5) | Ecosystem (2.5/5) | PMF (2/5) | Network Effects (2/5) | Token Capture (2/5) | Revenue (1/5)
One of the strongest AI narratives in crypto today, but still waiting for adoption and revenue to catch up with the vision. NFA.
Jun 13
ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 is probably one of the clearest examples of why a great product doesn't automatically create a great token.
The product itself is easy to understand.
@ethena built USDe, a synthetic dollar backed by crypto collateral and delta-neutral hedging strategies.
Today, USDe has grown into one of the largest crypto-native dollar networks in the industry, managing billions in capital and generating roughly $175M in annualized fees.
The product itself isn't the issue.
What matters is how the economic value gets distributed across the system.
At its core, the investment debate comes down to one simple question:
- More capital enters USDe > more hedging activity > more fees generated across the system.
- #Ethena has proven there is demand for a crypto-native yield-bearing dollar.
- Distribution continues expanding through major exchanges, custodians, and DeFi integrations.
But when you looking at ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 as an investment, the picture becomes less attractive.
Annualized protocol revenue is only around $5.4M despite generating roughly $175M in fees.
In other words, most of the economic value created by the system does not currently flow back to ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 holders.
That creates an uncomfortable reality:
- Strong product growth does not necessarily mean strong token value accrual.
- More than 40% of supply remains locked and scheduled for future unlocks.
- The basis-trading model remains heavily dependent on funding-rate conditions.
- Competing stablecoin models can replicate many parts of the strategy over time.
The key question for investors isn't whether USDe can keep growing,the real question is whether that growth will ever translate into meaningful value accrual for ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 holders.
#Ethena has clearly demonstrated demand for its product and continues expanding distribution across the crypto ecosystem.
However, unless the protocol establishes a stronger link between economic activity and token holder returns, there is a risk that adoption, fees, and ecosystem growth continue to outpace the value captured by ENA itself.
My Framework Rating for ethereum:0x57e114b691db790c35207b2e685d4a43181e6061: 2.0/5 ⭐
PMF (4/5) | Revenue (1/5) | Network Effects (3/5) | Brand (3/5) | Lock-in (2/5) | Tokenomics (1/5) | Value Capture (1/5)
A strong product with growing adoption, but currently one of the weakest value-capture structures among major crypto assets. NFA.
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Eugene Stepanyuk retweeted
📊 NEAR Intents Metrics Update 🚀
🗓 Date: 2026-06-12
💰 24h Volume: $102,382,801
🔁 24h Swaps: 72,910
🌍 Total Volume (All-time): $20,999,779,339
Start swapping ➡️ near.com/
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Eugene Stepanyuk retweeted
Jun 12
🚨🇦🇱BREAKING: Day 13 of mass protests in Tirana, Albania.
✊️🇦🇱People shouldn't be afraid of their government. Governments should be afraid of their people.
✊️Power to the people
#Albania #FreeAlbania
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Eugene Stepanyuk retweeted
Jun 12
Jun 10
Builders, Devs & AI folks - IronClaw Hackathon is coming!
June 12-20 | Hybrid Format (Barcelona Remote)
Build privacy-first secure agents. Remote participants get full access to workshops, mentorship, and live demo showcase on June 18.
Ship the future of secure AI Agents. ↓
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Eugene Stepanyuk retweeted
Jun 12
Albania is safe. Peaceful protests
#flamingorevolution🦩🇦🇱
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“The Flamingo Revolution”: Trump’s family has angered Albania
Mass protests have been ongoing in Albania for more than two weeks against a planned $5 billion luxury resort backed by Jared Kushner, Donald Trump’s son-in-law.
The complex is set to be built near the Vjosa-Narta protected area and Sazan Island, home to sea turtles, seals, and thousands of flamingos.
Environmentalists warn that the project could destroy hundreds of hectares of unique natural habitat.
After preparatory work began and fences were installed, the protests escalated into clashes with police.
Demonstrators have taken to the streets with slogans such as “Albania is not for sale” and are demanding that the project be scrapped entirely.
Despite the pressure, Albanian Prime Minister Edi Rama has backed the development, calling it important for the country’s economy.
The European Commission has demanded that the construction comply with EU environmental standards.
It is worth noting that Albania is one of the most pro-American countries in Europe.
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Eugene Stepanyuk retweeted
Jun 12
Already positioned in $NEAR and looking for that 127% move up to $4.75.
My plan is to keep averaging in on any minor dips from here until the Stoploss level hits but honestly, looking at this market structure, I really don't think that SL is getting touched. High conviction on this one. 🚀🚀
#NEAR #Crypto #blockchain #cryptotrading #btc
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Eugene Stepanyuk retweeted
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Eugene Stepanyuk retweeted
Крым перестал быть российским в 1954 году, когда РСФСР передала его УССР, а Российская Федерация подтвердила, что не имеет территориальных претензий, начиная с 1991 года.
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