GM, frens! ☕️ 

Some weeks feel like a door swinging open - new possibilities rushing in, leaving us wondering where the next step might lead.

This feels like one of those moments where every choice, every move, is a piece of a bigger puzzle.

Let’s see what we can build together 🤝 

Today, we’re discussing:

• ⚔️ Ambire Legends IS LIVE: the quests await!

• 🌐 The QUANTUM ERA is in - are old-school wallets in danger?!

• 👷 GPU gold rush aftermath: NVIDIA’s mining lawsuit

• 🥷 CIA, bots, and early crypto: Roger Ver’s claims spark debate

• 💣️ XRP breaks records with a massive 1,200% liquidation spike

Our W3oF portfolio’s doing its thing…

Steady, reliable, maybe even a little too humble for this booming market.

It’s like it’s trying not to draw too much attention, just biding its time. Guess it’s waiting for the perfect moment to steal the spotlight 🤪 

Let’s get down to business:

Ambire Legends IS LIVE: the quests await!

Ambire Legends is here - a gamified way to dive into Smart Accounts and snag a piece of the 195M $WALLET reward pool 👀 

Exclusive to Ambire browser extension early adopters, this is their chance to shine:

This onchain game puts the spotlight on:

• Gas abstraction: No native tokens? Not a problem 🤝 

• One-click transactions: Swap and approve in a single step ✅ 

• Onchain simulations: Know before you ape 🙈 

Complete tasks, climb the leaderboard, and unlock rewards on Ethereum, Base, Arbitrum, Optimism, and Scroll.

Want in? Simply connect your Ambire extension to the Legends dApp if you already have it or look for an invite code on our Discord to start your climb.

The future of smart contract wallets just got a little more adventurous 🛡️

The QUANTUM ERA is in - are old school wallets in danger?!

The tech world is going wild over Google’s latest quantum flex - a chip called Willow that’s packing insane computational power. This bad boy can crush tasks in minutes that’d take even most powerful supercomputers eons 🧠 

Huh?

• Encryption - the backbone of crypto security - relies on math problems that even supercomputers can’t crack.

• Quantum machines are designed to tackle those problems head on. That’s why the new chip is causing some worries within the community.

But is it time to worry about your bags? 🤓 

Crypto relies on cryptography (duh) to keep everything locked tight.

Take SHA-256, for example. It’s like the Fort Knox of encryption, making it insanely hard to crack with regular computers. But quantum computers play by a different set of rules.

These machines leverage quantum physics to process crazy amounts of data all at once. In theory, they could blow through today’s cryptography like it’s Swiss cheese 🧀 

But, now, before you panic:

• Google’s Willow chip, with its 106 qubits, is a step forward but nowhere near what’s needed to break modern cryptographic algorithms.

• Experts suggest you’d need millions of qubits to even start cracking crypto defences. So, no, your wallet isn’t about to get emptied overnight.

The good news so far - the crypto community saw this coming. Developers have been working on quantum-resistant cryptography for years 🔧 

Ethereum, for instance, has already begun exploring tweaks to outpace quantum threats. Vitalik has mentioned the need for post-quantum security, and researchers are actively designing algorithms that can stand up to quantum’s power plays.

Staying sharp is still going to be the key.

Quantum chips are fascinating, and while they’re not necessarily an immediate doom for crypto, they are a loud wake-up call for devs. The industry’s definitely getting a nudge to keep improving, and that’s a good thing. Progress doesn’t wait, and neither does innovation.

GPU gold rush aftermath: NVIDIA’s mining lawsuit

NVIDIA is back in the courtroom spotlight, and this time, it’s a shareholder lawsuit dragging up the ghosts of the 2017–2018 crypto mining boom - a period when gaming GPUs doubled as miners’ best friends.

At the heart of it all are allegations that NVIDIA wasn’t exactly upfront about how much of its revenue came from crypto miners during the golden days of the crypto rush 🤯 

Let’s rewind a bit 👇️ 

• Crypto mining was on fire back in 2017. Blockchain networks like Bitcoin and Ethereum required massive computational power, and NVIDIA’s GeForce GPUs became the tool of choice.

• Gamers found themselves competing with miners for GPUs, and prices went up. NVIDIA was raking in profits, but not all of it was coming from its loyal gaming crowd.

• The miners were taking a huge bite out of the GPU supply, and business was booming 💣️ 

Fast forward to 2018, and the crypto market crashed hard. The demand for mining rigs fell off a cliff, and NVIDIA’s stock took a brutal 28% hit in just two days.

Shareholders, blindsided by the extent of the company’s exposure to crypto mining, were left fuming. That’s when the lawsuits started to take shape.

The shareholder case

The current lawsuit alleges that NVIDIA knowingly downplayed how much of its revenue came from miners during those boom years.

• Shareholders claim the company misled investors, painting a rosy picture of sustainable gaming driven growth, while crypto mining quietly fueled much of the demand 👷‍♂️ 

• When the crypto cycle inevitably ended and the sales fell off, the fallout was swift and painful for NVIDIA’s stockholders.

• Documents in the case suggest NVIDIA’s leadership was well aware of the crypto mining boom’s impact on sales.

• Yet, instead of being transparent, the company allegedly buried those numbers, leading shareholders to feel misled about the true nature of the company’s earnings. Now, they’re asking the courts to hold NVIDIA accountable.

NVIDIA’s argument is likely to focus on how volatile and unpredictable the crypto market is. It’s true - crypto has always been a high risk game 🤔 

They might claim that mining demand was too fleeting to consider a reliable revenue source and argue they had no obligation to separate it from gaming sales in their reports.

But shareholders aren’t buying it 😶 

They argue that as soon as crypto miners became a key factor in driving GPU sales, NVIDIA had a duty to be more upfront. Whether the court agrees remains to be seen, but this legal battle could set a precedent for how companies report their revenue breakdowns when volatile sectors like crypto are involved 🤷 

As the trial unfolds, all eyes are on whether NVIDIA can shake off its lingering crypto hangover. For a company that’s moved on to dominate new frontiers like AI and data centres, these courtroom battles for sure still highlight the lasting ripple effects of ancient crypto bull runs.

CIA, bots, and early crypto: Roger Ver’s claims spark debate

In the wild world of crypto, few figures spark as much debate as Roger Ver. Known as the "Bitcoin Jesus" turned Bitcoin Cash evangelist, Ver is now stirring the space with claims that the U.S. government tried to kneecap Bitcoin as far back as 2011 🤯 

Roger dropped this bombshell during an appearance on Tucker Carlson’s show 👇️ 

• Ver recalled how BitcoinTalk, the go-to forum for Bitcoin enthusiasts at the time, became a target for relentless bot attacks and disruptions 🤖 

• According to Ver, this wasn’t just internet trolling - it was a coordinated effort to make the forum unusable, stopping new users from discovering Bitcoin and slowing the currency’s early adoption. He suggested that these disruptions were part of a larger campaign to curb Bitcoin’s rise before it could gain traction.

In 2011, BitcoinTalk was the heart of Bitcoin’s fledgling community - a space where developers, miners, and enthusiasts brainstormed, shared ideas, and educated newcomers.

The attacks weren’t just disruptive - they were timed to coincide with Bitcoin’s first steps into mainstream awareness, as its price began to rise and media coverage increased 📺️ 

• The bots, Ver suggests, were designed to overwhelm the platform, making it difficult for users to engage in meaningful dialogue or share technical updates. Imagine logging into a forum to discuss blockchain mechanics only to find it drowning in nonsensical posts, fake threads, and irrelevant chatter.

• It wasn’t just annoying; it was debilitating for a community trying to build momentum. 😲 

He also believes the alleged CIA interest in Bitcoin extended to manipulating ideological divisions within the community. One key flashpoint he highlights is the block size issue.

• Bitcoin’s block size determines how many transactions can be processed in each block of the blockchain 🧱 

• Smaller blocks mean slower transaction speeds but greater decentralization, as more participants can run nodes without requiring massive storage. Larger blocks allow for faster transactions but risk centralizing the network, as fewer participants can afford the computational resources to keep up.

This debate exploded into one of Bitcoin’s most contentious schisms, and Roger argues that intelligence agencies may have exacerbated this divide by spreading propaganda within the community, building more distrust and division among developers and users 🕵️ 

Why would governments care in 2011?

Makes sense if you think about it 🤔 

• To most of the world, Bitcoin was still a curiosity in 2011. Priced at less than $1, it was hardly considered a threat. But for those paying attention, its potential to disrupt centralized finance was clear.

• Ver’s claims suggest that Bitcoin’s promise of decentralization had already caught the attention of powerful institutions, who may have sought to delay or suppress its growth.

Community reacts

Not everyone is buying Ver’s story. Given his contentious reputation (he’s been a frequent critic of Bitcoin Core, heresy by BTC maximalist standards) some see his statements as self-serving or simply stirring the pot. Critics have called this “classic Roger FUD,” aimed more at reviving old debates than uncovering hidden truths 🫴 

Still, the story resonates with Bitcoin’s broader narrative of battling centralized power. Whether you believe Ver or not, the idea of state interference in Bitcoin’s early days is provocative, and it raises bigger questions about how governments handle disruptive tech.

XRP breaks records with a massive 1,200% liquidation spike

The crypto market never fails to deliver drama, but this week, XRP completely stole the show. In the middle of a liquidation storm that swept over $2 billion from the market, XRP clocked a jaw dropping ~1,200% liquidation imbalance.

And it wasn’t just the stats making waves - XRP’s price pumped over 30%, hitting $2.40 in a single day 🤯 

• While liquidations across the board were brutal, XRP’s numbers were something else.

• Perpetual futures on the token racked up $1.44 billion in liquidations - only $11,000 of that came from shorts. Let that sink in for a moment. Bulls were not just in control - they obliterated the playing field, leaving bears in the dust 🤯 

This wasn’t just about some chart action either. XRP has been on a wild run lately, with its price shooting up over 400% in just a few weeks.

The 30% jump was simply the latest chapter in what’s becoming a headline-grabbing bull run 🐂 

The token has been riding high on a mix of bullish sentiment and traders doubling down on their positions.

The market FOMO brought in heaps of over leveraged bets - some of which clearly didn’t pan out. And when the market turned volatile, those bets started toppling like dominoes 🌬️ 

This isn’t just a case of reckless trading. XRP’s fundamentals and recent developments have created a cocktail of optimism and extreme speculation 👇️ 

From institutional interest to network upgrades, there’s been plenty of buzz. Moves this wild always have a way of exposing the weaker hands.

The token has managed to thrive in a chaotic market, though, proving it’s not just riding the waves but creating them.

Whether this momentum sticks or fades, XRP has once again managed remind the market that it’s a force to be reckoned with 🤔 

Other worthy reads

AI swarms, by Pink Brains:

Last two weeks in crypto, recap by Viktor:

Thoughts from Naly:"

That's all for now, frens.

We'll meet in a week! And remember, the market conditions are temporary, but our commitment to building a better DeFi is here to stay. Thanks for joining us, and we look forward to seeing you back next week. Cheers!

Yours, The 🔥 Team

Brought to you by Ambire: The Only Web3 Wallet That You’ll Need!