BD manager @the_matter_labs | building @ZKsync | focused on NFTs & crypto | good vibes | not financial advice
2035 DeGen Island
Joined August 2021
- Tweets19.1K
- Following2.5K
- Followers4.2K
- Likes109K
HUGE post from Alex today, connecting the dots between institutional finance and the ethereum:0x66a5cfb2e9c529f14fe6364ad1075df3a649c0a5 economy
institutions didn't all come to Ethereum, so we went to them
that takes ethereum:0x66a5cfb2e9c529f14fe6364ad1075df3a649c0a5's potential fee base beyond private L2s, to an opportunity on the scale of global finance
read this 👇
want to see a breakdown of exactly how Prividium Connect works for banks & institutions?
check it out below!
💻 NEW: A deep dive into Prividium Connect.
Watch how Prividium Connect enables two institutions transact privately across the blockchains they already run without relying on a trusted intermediary.
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I support this
xitter.twitterapi.xyz/0xPajke/status/2119840…
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HUGE news today! Proud to introduce Prividium Connect
it uses zk tech to unlock private atomic interop between institutional chains (doesn't have to be a ZKsync chain btw)
two banks on two different chains can now transact with each other privately, with no middleman. both transfers complete or neither does
and for $ZK: we're proposing canonical public deployments of Connect that direct interop fees into the $ZK economy
fee switch is built and being audited. activation needs governance approval
institutions are already here. and for the first time there's a proposed path from what they do onchain into the $ZK economy
Introducing Prividium Connect.
Institutions can now privately exchange assets across blockchains without a trusted intermediary.
For the $ZK economy, this opens an opportunity across global financial markets.
why is privacy so important for institutional adoption of crypto & blockchain tech in general?
listen to @noah_pravecek & @andyyy break it down, gud watch
INSTITUTIONAL NYC MIXER: The Tokenization Supercycle Needs Privacy (Here's The What & Why)
@therollupco @noah_pravecek @zksync @EntEthAlliance
00:00 Intro
01:43 Adding privacy into institutional finance
03:38 How the DTCC deal opens institutional doors
04:52 Compliance and risk management
07:02 Answering the "then, what?" question
09:55 Institutional sales process
shoutout to @noah_pravecek our head of product at ML
Checkout his interview with @therollupco where he talks about why zk matters for institutions coming onchain
I asked @noah_pravecek of @zksync why zero knowledge matters now that digital assets are coming onchain, and what is coming next:
00:00 Intro
00:12 What is this zero knowledge transaction and why it's important?
00:51 How does Zk move the current financial infra further
01:25 How far are we from fully integrated blockchain x Wall st
02:13 Why is having the DTCC so important to digital assets?
03:47 Is Wall st coming to Blockchain or is Blockchain coming to Wall st
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hyperliquid
🇺🇸 JUST IN: Hyperliquid Strategies, holding $3.5 BILLION in $HYPE, officially files to become a US futures broker.
The Nasdaq-listed firm says a subsidiary has applied to become a futures commission merchant, a broker regulated by the CFTC.
If approved, US customers could trade perpetual futures on Hyperliquid’s permissioned markets through it.
The company says there’s no guarantee on the timing or outcome of the application.
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what's this? oh, nbd just @AnthropicAI calling zkSNARKs "uniquely fit" for proving which AI model wrote an answer. Then doing it on a 400B model.
@zksync has run ZK proofs on Ethereum mainnet since 2020
ZK tech is the future for both finance & ai
don't sleep on this
earn while you trade, shoutout to @grvt_io for always pushing the envelope with perps
love to see it
October was an absolutely massive month over at @zksync
- Airbender Prime released (cheapest, fastest, single-gpu, zk proving ethereum in real time)
- Commander announced (new way for banks/institutions to come onchain)
- Matter Labs working with DTCC on Privacy
onwards!
absolutely insane that this happened yesterday, ~$6.3 BILLION dollar hack, largest hack/theft in human history
huge props to tether, circle, binance and security teams across the industry freezing ~$3B of the hacked funds ASAP
proud to see the industry come together for this
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineer’s laptop, which allowed an attacker to gain access to a service container and submit unauthorized withdrawal transactions. We have found no evidence of any wallet private key leak. We will share a detailed technical post-mortem once the investigation is complete and the facts are fully verified.
The estimated total impact sits at around $6.3B. We have worked with blockchain partners to freeze affected assets, with ~$3 billion frozen on-chain so far.
Binance will cover all losses from the SAFU fund and the company’s funds. User funds are safe. We will also publish an updated Proof of Reserves once the remediation is complete.
As an immediate precaution, Binance has:
- temporarily suspended deposits and withdrawals while security checks are completed;
- revoked the affected address authorisation;
- engaged law enforcement and blockchain intelligence partners to trace and recover funds.
Our teams are working around the clock to resolve this issue safely and thoroughly. We are working closely with our law enforcement partners to confirm the identity of these criminals and bring them to justice.
Please rely only on official Binance channels for updates. Please feel free to contact Binance Customer Support if you have any further questions.
binance.com/en/support/annou…
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Oh my god, if Binance just got hacked for $2 BILLION we're going to the shadow realm
how can something like this even happen wtf
BREAKING: Potential hack of Binance's hot wallets withdrawing nearly $2 billion to an address funded by Tornado Cash
If no official comms from Binance, can expect this to be an exploit.
Tx has below: 0x53bd38b816c23e74134786c29a8c18d792777998a3b9326047b583100e88e2f3
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SOC 2 Type 2 compliance just hit for Prividium
This is THE STANDARD that banks actually need before working with any company/vendor
It doesn't sound super sexy but literally most projects NEVER clear this bar, ZKsync is one of the handful that have
ZKsync 🤝 Tradfi
absolutely insane, love to see it gg tradexyz
hyperliquid
I am excited to be an investor in trade(xyz) as they partner with ICE to bring 24/7 perpetual futures on Hyperliquid to the United States. As a market participant, I am looking forward to to using their innovative product to enhance my investment process.
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HUGE news today!
DTCC has announced that they're working with Matter Labs to provide privacy features for their new tokenization service with ZKsync Prividium!
If you don't know, DTCC is the infra behind the entire US stock market with $114 TRILLION in custody
today they launched tokenization with jpmorgan, morgan stanley, citi, fidelity and 16 others signed up
and we're one of the firms collaborating with them, providing privacy features with Prividium for them
been saying this over and over
institutions are already here, they just were never coming onchain without privacy, and that's what Prividium brings to the table
ZK is eating the world
Congrats to @The_DTCC on the launch of its Tokenization Service. We’re proud to be among the firms collaborating with DTCC.
@the_matter_labs is providing privacy features with Prividium.
DTCC provides custody and asset servicing for more than $114 trillion in securities.
