GM, frens! ☕️

Luck gets a bad reputation in crypto. Everyone wants to believe it’s pure skill: the perfect entry, the flawless thesis, the iron conviction. But most of what separates a genius from a ghost account is timing and luck, from what we’ve seen.

Here’s what we’ve been watching this week:

• 🤦‍♂️ When decentralization needs a REBOOT - how AWS outage affected crypto

• 🤔 What if multichain felt like one account?

• 🤡 Kadena pulls the plug – another “Ethereum Killer” gone

• 🤵 TradFi’s advisor training now includes crypto

• 📱 Hardware of the hype cycle: first Solana phone officially obsolete

Talking about luck, the W3oF Degen Portfolio played along with fate 👇️ 

The wheel’s still turning, and as always, we’re keeping our seat at the table.

Come spin it with us in the Discord 🗣️ 

When decentralization needs a REBOOT - how AWS outage affected crypto

There’s a certain irony to watching “the future of finance” go dark because Amazon sneezed 🙄 

For an industry that loves to brag about self sovereignty, one broken cloud server in Virginia was apparently enough to send half of crypto into cardiac arrest 🤒 

• On October 20th, AWS went down, and with it went Coinbase’s Base chain, MetaMask balances, OpenSea connectivity, and entire layers of the supposedly “decentralized” web. Traders refreshed in panic, dashboards froze, and every shill and KOL suddenly remembered what dependency feels like.

It was déjà vu in the worst way. This isn’t the first time AWS has pulled the plug on crypto’s autonomy - last time a small outage happened in April, but everyone was too worried over crypto prices so it went by mostly unnoticed 💰️ 

• Infura, the backbone feeding data to Ethereum, Base, Polygon, Optimism, Arbitrum, Linea, and Scroll, buckled as well. When that went dark, everything downstream followed.

• Blockchains kept producing blocks, sure, but the gateways, APIs and etc., that people actually use to connect to that backend went offline. The tech survived but the UI didn’t 📵 

By the time AWS had “fully mitigated” the issue, Coinbase and Base were still struggling to resync. Users opened their wallets to find zero balances, others couldn’t trade or transfer, and the term “permissionless” started to sound like a bad joke.

The community couldn’t resist twisting the knife 👇️ 

Somewhere along the line, crypto stopped asking itself what it wanted to be. Is it a fast product to sell, or the future of finance? 🤨 

Because if it’s the latter, this AWS episode should sting. We can’t talk about trustless decentralized systems while depending on a single company’s uptime. We can’t keep building skyscrapers on rented land and calling it sovereignty 🏰 

Crypto was supposed to be the exit, an alternative to fragile, centralized systems. Yet every outage shows how deep the roots of convenience still run.

Maybe the real question isn’t how fast we can scale, but whether most of crypto is still building something worth scaling at all.

The dream of self custody can’t do much if the access point lives inside Bezos’ basement, can it? 🙈 

What if multichain felt like one account?

You want to spend 1 ETH. You’ve got 0.5 on Base and 0.5 on Optimism. Today, that means bridges, dust for gas, approvals that stall on the wrong network 🤔 

This idea targets that exact mess: all your ETH acting like one balance - you sign once, the wallet handles the routing, and the payment clears without you juggling chains.

How Ambire gets it closer:

• Gas abstraction that actually helps. Pay fees with what you have - stablecoins, tokens - even if the target chain’s native gas is zero. No more “come back later” because you’re out of dust.

• Auto routing instead of babysitting. The wallet figures out where funds are, how to settle, and moves value behind the scenes so approvals/swaps don’t die mid-flow 🧠 

• One view, not seven chores. Balances across networks show up as a single picture, so you manage an account, not a relay race 🎩 

The vision is closer than we think

Because the parts are already on the table: 4337 smart accounts are live, paymasters are funding gas with non native tokens, relayers are standard kit.

Add the next wave - cleaner intent routing, safer batching, and broader L2 coverage - and “one pile of ETH” stops being an idea and turns into a default user experience 👨‍🍳 

Kadena pulls the plug: another “Ethereum Killer” gone

“Due to market conditions” the founders said, as they packed their bags and shut off the lights 💡 

Kadena was supposed to be the professional’s blockchain. Originally.

• Born out of Wall Street pedigrees, built by ex-JPMorgan talent, it promised to bring “business grade” efficiency to crypto 📚️ 

• In 2021, it was the talk of the bull market: scalable proof of work, formal verification, hybrid smart contracts, all the buzzwords, but with a Fortune 500 finish.

Then came… the boring.

• Transactions were slow, TVL was one of that of some memecoins, partnerships boring and unimportant, community shrank 👎️ 

• The last remaining holders weren’t traders anymore, more like archivists, keeping history alive in some messenger chats 🤓 

And now the founders are gone too 🤷‍♂️ 

In their farewell note, Kadena’s team thanked supporters and blamed “market conditions” 🤡 for their inability to continue operations. The price went down, and so did the motivation.

The chain will technically stay online - miners will keep validating blocks “independently”, like a ship still drifting after the crew has jumped overboard.

The “blockchain for business” died of the most predictable business problem there is - being not profitable and meaningless 🫠 

KDA is MIA

• At its peak, $KDA touched a $4 billion valuation. Today, it’s under $40 million - a fat 99 percent dump that looks less like a bear market and more like max extraction and a subsequent run for the exits 🥷 

• There are still 600 million tokens scheduled to be released as mining rewards until 2139. That’s 114 years of emissions for a project that ran out of breath in less than five 😐️ 

The conditions of the market certainly didn’t kill Kadena. It was not the devs either.

It failed because crypto keeps mistaking building for needing a blockchain.

Not every project deserves its own token economy, validator set, and 100 year mining schedule.

Sometimes, the smartest thing to do is to ship less 📦️ 

TradFi’s advisor training now includes crypto

The hotel ballroom has that end of quarter energy: lukewarm coffee, fluorescent lighting, a projector that everyone is sick of 🕵️

A dozen advisors are cruising through slides on duration and dividend growth when the instructor pauses and asks, “Anyone here ever used a crypto wallet?” 🚬 

Half the room looks at their shoes. One guy raises a hand like he’s about to admit his favorite genre is clown music 🖐️ 

Only then does the badge matter.

The instructor isn’t a conference hustler, he’s from a bluechip asset manager’s digital unit, the kind that moves the market. The logo reads Fidelity Digital Assets - the digital asset arm of Fidelity, the multi trillion dollar firm that staffs huge retirement plans and sets the tone for what “responsible” looks like 🧐 

Here’s the big change they brought with them: for financial advisors, digital assets have graduated from risky side plays to core client conversation. Core 🧠 

• Advisors are being trained to field the same three buckets every time: sizing (how much), selection (which asset or wrapper), and custody (who holds the keys and how) 🧺 

• The working model is getting standardized. BTC usually comes first because it’s liquid and explainable. Ethereum shows up next where clients can handle staking mechanics and smart-contract exposure.

• Everything further out gets treated like frontier markets - sized with respect for liquidity and conviction 🔍️ 

Beneath the portfolio talk sits the operational grind that actually makes or breaks this stuff. Estate plans with wallet access. Transfer checklists that prevent fat finger tragedies. Rebalance rules that don’t chase candles. A clear memo about who fixes what when something goes wrong ✉️ 

For advisors, this is actually survival, they’re not surfing trends. Clients are walking in with positions already on, the planner’s job is to turn scattered exposure into a policy. And everyone is going to be holding at least SOME crypto in 2025.

On the other end, products that make advisors look competent - with clean reporting, sane permissions, custody that doesn’t require a personality test - get bought in turn 🫡 

This is the paperwork vs firework version of adoption, but in the space such as finance, paperwork always wins.

Hardware for the Hype Cycle: Solana Saga officially obsolete

Solana’s first phone, the Saga, has officially lost official support.

For a product that promised to merge Web3 with real world tech.. Even the cheapest knock off brand phones from Shenzhen can limp along for longer.

But Solana Mobile says it’s time to move on - the Saga is out, and the new Seeker is in 🤦‍♂️ 

• When the Saga launched in 2023, it was pitched as a step into “crypto native mobility” and, to be honest, a sleek nerdy Android with a seed vault and decentralized app store, powered by fast transactions doesn’t sound half bad 🧠 

• Then came the airdrop hype - users bought phones not for the device, but for the stuff it unlocked. Overnight, a hardware experiment turned into airdrop arbitrage 💵 

20,000 units were produced in total.

Now, in 2025, the company admits it’s done patching the device. From now on, owners are on their own - unsupported and forgotten 🤷‍♂️ 

Compare that to the regular old smartphone industry 👇️ 

• Apple gives seven to ten years of software support. Google does the same. Just to put that in perspective, Apple last pushed a security update on a 10 year old iPhone 6 around the time Solana released Saga 2 years ago 🔽 

• Even budget Androids from obscure brands - the kind you buy off Temu and find in airport kiosks and such - push out security patches for a couple of years 🙃 

In any case, if you think about it, crypto doesn’t need hardware gimmicks. It needs reliability, continuity if you will. The whole premise of crypto, DeFi, web3 is ownership that lasts. Sound money, digital gold, decentralized, that means we should be seeking timeless designs, something a true hodler would throw in his locker and come back to in 20 years.

So when your “decentralized” device turns obsolete faster than some of the shitcoins in the space, the jokes really do write themselves.

Other worthy reads

Trump has just officially pardoned CZ:

“How to start on Polymarket” by wincy.eth

“State of crypto 2025” report by a16zcrypto:

MEMES

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 Web3 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!