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Solana: From a Garage Startup to One of the Largest Blockchains I researched an interview with $SOL CEO Daniel Albert The info I found was shocking... Here is the past and the future of Solana Foundation 🧵👇 Why did Daniel join Solana? He has been following the cryptocurrency industry since 2017 He joined Solana full-time in 2019 All the co-founders of Solana and most of the early developers, we all came from Qualcomm Qualcomm is a large technology company; they manufacture chips for mobile phones and mobile networks Daniel didn't join SOL immediately when he was invited because of his work in Antarctica But later in 2019, he eventually agreed and entered SOL with 10-12 other people What was Solana in 2019? They had a small office in San Francisco, but they worked in Greg's basement during that 1st summer of 2019 $SOL TX processing and the super-fast consensus that SOL is famous for were already functioning Firstly they just play with stuff in Greg's house Then they took it to a data center, installed them in a rack, and this was the 1st physical installation of SOL validators About parallel execution of TXs This is the main reason for the high TPS SOL's consensus mechanism is very different from many EVM-compatible networks The parallel execution engine allows Sol's environment, which actually processes your tx, to scale with the hardware When performing tasks in parallel, it simply applies more cores and achieves greater parallelism over time As long as people use the internet, and Intel, AMD, and Nvidia fight, chips will get faster, and data transfer speeds will increase Solana will always get faster How meme coins affect the Solana ecosystem? Overall, meme tokens are a healthy phenomenon Firstly, they are fun. Solana is simple, fast, and cheap Secondly, meme tokens create fertile ground for experiments, just like NFTs did #Megadrop #SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS

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Largest cryptocurrency hack to date $625M hack into Ronin's network by North Korean hackers What became of the funds and the hackers themselves? Read below 🧵 Who are Lazarus Group? The Lazarus hackers are government officials of the Democratic People's Republic of Korea. They are a cybercrime group that has carried out a series of attacks led by the North Korean government. The group has been active since 2009, but first became famous in 2014 after compromising entertainment company Sony Pictures. They became even more infamous two years later when they struck the Bangladesh Central Bank in 2016 and stole about $81M.5:33 PM · Jul 5, 2024·78 Views Interestingly, Lazarus hackers are usually not motivated by money, which distinguishes them from similar criminal organizations. These statesmen steal classified information, commit sabotage and other illegal acts to bring political or economic gain to the DPRK. Shortly after the exploit, developers stopped all transactions on the network. The hackers stole 173,600 ETH (approximately $600M) and $25.5m, totaling $625M. According to the team's official statement, the attackers used compromised private keys that gave them access to the validator nodes. The Ronin blockchain consists of nine validator nodes, and to complete a transaction, 5 of them must give their approval. Attackers faked withdrawals using compromised private keys and carried out the largest hack in the crypto space. How the FBI linked Lazarus hackers to the Ronin exploit The FBI and the U.S. Treasury Department sanctioned three wallets linked to the DPRK groups Lazarus and APT38. Chainalysis determined that one of these wallets was used in the Ronin attack. Binance's CEO said the exchange has returned $5.8 million in stolen funds. Unfortunately, the hackers were never found. FBI and Treasury Department continue to fight cybercrime. #SOFR_Spike #US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions #LayerZero #CPIAlert

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We know the guy who bought 2 pizzas for 10,000 $BTC. But what about the guy who sold those? How did he spend those Bitcoins or did he HOLD? Here’s the investigation about his life after this deal 🧵👇 In May 2010, Laszlo Hanyecz made history by buying two pizzas for 10,000 $BTC. But, according to Bitcoin's white paper, its P2P system refers to exchanging assets between 2 people. So, there must be another person who was involved in the first physical purchase using Bitcoin. It was Jeremy Sturdivant, a 19-year-old student known on the BitcoinTalk forum as "jercos". Being a strong Bitcoin enthusiast, he almost instantly agreed to take part in this unique transaction. But what happened to him next? Is he still holding 10,000 $BTC? 1: The first day. Few people write about it, but Jeremy made a profit from the very first moment of that transaction. At that time, 2 Papa John's pizzas cost about $25, while Laszlo offered 10,000 $BTC or $41. 2: Take profits. It might sound like the most incredibly profitable transaction in history, but... The crypto cash disappeared when Sturdivant used it to "cover expenses" while traveling the US with his girlfriend. 3: More spending. In his own words, Sturdivant's Bitcoin holdings also helped him buy games apart from supporting his travels. He later told the Telegraph — "If I had treated it as an investment, I might have held on a bit longer." 4: Investing. "Not beyond using $BTC business myself." Jeremy wrote. He also added that if the opportunity arose he'd be more inclined to invest in a Bitcoin business than to hold on to coins. 5: Career. He's currently a product development engineer for Inovonics Inc. It's a manufacturer of professional radio broadcast equipment. 6: Net worth. $570M... It could have been, but he squandered them all. "Those 10,000 BTC made it back into the economy fairly quickly, around the time they were worth some $400." So, having received a 10x ROI, he could not hold on and sold everything. # Please follow me for more stories :) $BTC #SOFR_Spike #VanEck_SOL_ETFS

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Don't listen to those saying it's the best time to buy! Another crisis is coming, and Bitcoin might take a big hit! Read this before making your decision 🧵👇 Many are telling you that it's the best time to buy. That would have been the case if $9B in BTC wasn't about to be released into the market all at once. As you probably know, Mt. Gox was a CEX based in Japan, one of the largest at its time (2010-14). They suffered several hacks that led to their closure and blocked all their clients' funds. In total, 850,000 $BTC were lost by Mt. Gox. A few years ago, they found 200,000 $BTC in an old wallet format. The Japanese court decided to redistribute 140,000 $BTC to the affected clients. The distribution was initially scheduled for October 2023, then postponed to October 2024, and recently moved up to July 2024. At the time these clients lost their BTC, BTC was worth between $1 and $500. Once they are reimbursed, they will have made between 500x and 60,000x. The refund will be made in BTC, not in fiat, so it is logical to think that most will sell to take their gains. These Bitcoins have not yet been distributed. How do I know? The Mt. Gox addresses are public, so you can track their on-chain activity. They hold 3 addresses, each containing 47,228 $BTC. The easiest way to track the evolution of these wallets is to use @ArkhamIntel: • Go to @ArkhamIntel • Type "Mt. Gox" in the search bar • Select the entity You will find a dashboard allowing you to track the evolution and transactions of all Mt. Gox wallets. Is it necessarily bearish? Not necessarily, remember when the $ETH were unlocked (Shanghai) for all stakers last year. Some had made 10x and 100x, yet the price was not significantly impacted. As you can see, things are much more complicated than we think. It's hard to say whether this event will be favorable or unfavorable for the market. #MtGoxJulyRepayments #IntroToCopytrading #BinanceTournament

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The Anonymous Mr. Smith No one knows who Mr. Smith is, but his tale is legendary. Mr. Smith invested $3,000 while working in Silicon Valley in 2010. That means he had almost 20,000 bitcoins back then when the price of bitcoin was just US 15 cents.3 years later, with the price rising by 10% or more every day, he sold 2,000 coins when the price hit $350. When the price hit $800 a few days later, he sold another 2,000 coins. He’d already netted $2.3 million. Today, he is a legit major investor and traveler. He’s still anonymous, but those who know him say he is as responsible as anyone for the rise in bitcoin price. #altcoins #FIT21 #ETHETFsApproved #BTC #bitcoin $BTC

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