Hey everyone :) All of the artwork that I post is illustrated, colored and animated by me. It brings me great joy to be able to create with my hands. ๐๐ผ๐จ๐ซถ๐ผ
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Algorand Community Update
As many of you know, Algorand has new leadership and a renewed focus on building toward a sustainable, revenue-generating network model. We are excited about the unique role Algorand can play in bringing post-quantum security to the broader Web3 and digital asset ecosystem, and we believe the timing has never been better for it.
To align our work with these goals, we are sharing a series of updates on community initiatives and outstanding questions: the future of xGov, the Ecosystem Advisory Council (EAC), the Algorand Technical Council (ATC), and the status of Project King Safety, including our commitment to staking rewards.
The xGov grants program
Over the past year, the xGov program brought together a committed group of community members, and weโre grateful to everyone who took part, whether by submitting proposals, voting, or contributing to discussion. As our focus as a company shifts, we have made the decision to pause the xGov program indefinitely, effective December 6.
We also want to extend a special thanks to the members of the xGov Council for their time, care, and guidance throughout the program.
Because the Algorand Forum has, in recent years, primarily served as the home for xGov-related discussion, we will also be closing the Forum, effective November 6. A read-only archive will be made available. We encourage all Algorand developers, node runners, and ecosystem builders to join the Algorand Discord to stay up to date on the latest technical news and to connect with us directly for any support.
The Ecosystem Advisory Council & Algorand Technical Council
We formed the Ecosystem Advisory Council (EAC) in January to build a more formal bridge between the ecosystem and Algorand leadership. Its role was to gather broad-based feedback from across the community, share it with leadership, and advise on how Algorand proposals would affect the ecosystem.
As our priorities have shifted, we have decided to conclude the EAC as a company-run body, effective November 6. We want to thank the Council members for their participation.
Going forward, we still want to hear feedback and ideas from all parts of the ecosystem. The Algorand Discord is the best place to reach us.
Separately, we are also ending our sponsorship of the Algorand Technical Council (ATC) group. We will continue to host periodic Developer Council meetings for technical discussions, and you can request an invitation to this meeting by asking in Discord.
Staking rewards and Project King Safety
First and most importantly: Algorand has already committed to extending staking rewards through January 2028. This commitment stands, and it reflects our continued focus on rewarding the node runners and stakers who help secure the network.
As part of this shift, we are also indefinitely pausing Project King Safety as a holistic roadmap item. Specifically, the previously discussed ideas of lifting the ALGO supply cap (inflation-based incentives), enabling and capturing MEV, and increasing the minimum transaction fee are no longer being considered at this time.
New usage-based transaction fees, such as those in place for transactions signed using Falcon-1024 post-quantum accounts, may still be introduced or adjusted, and we will share more if and when that work progresses.
Our priority is clear: a sustainable network and continued rewards for those who help secure it.
Looking ahead
Taken together, these changes demonstrate our sharpened focus. Cryptographic security has been central to Algorand from the start, beginning with our original innovation, Pure Proof-of-Stake consensus. Falcon post-quantum signatures have run on Algorand since 2022, followed by quantum-resistant transactions in 2025 and native post-quantum accounts in 2026.
Our next chapter is about bringing those capabilities beyond Algorand to the broader Web3 and digital asset ecosystem, so custodians, wallet providers, issuers, and other networks can add post-quantum security without rebuilding the systems they already use. Building a sustainable network around that work will allow us to keep investing in Algorand, and weโre grateful to the node runners, stakers, and builders whose participation keeps it secure.
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Good Morning! โ๏ธ๐ These babies are still up for grabs. Find them at the link below โฌ๏ธ
Binance's initial investigation suggests that the security incident may involve a compromised DevOps engineerโs 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 companyโs 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/annouโฆ
Binance will cover all losses.
As a precaution, all deposits and withdrawals are temporarily suspended while our team conducts security checks, freezes funds, and works with law enforcement.
We are working around the clock and will share a full post-mortem once the investigation is complete. Please rely only on official Binance channels for updates.
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Our team is doing everything we can to support in the current situation, including blocking sends to compromised wallets. We've also reached out to Binance to offer our help.
Moments like this call for the industry to work together. Openly sharing any useful information and helping to protect customers should come first, regardless of which platform they use. If you can do anything to help, please do!
Crypto has been through many tough times, and has always come out stronger on the other side. This wonโt be any different.
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Imagine a casino where nearly 100% of customers lose money.
Now imagine that instead of acknowledging the odds are stacked against its customers, the casino markets itself as a revolutionary platform for creating wealth.
Would you celebrate that business? Would you praise its success? Would you encourage more people to participate?
Or would you start asking why an ecosystem continues to funnel billions of dollars into a machine that leaves almost everyone poorer?
Thatโs my fundamental issue with @Pumpfun .
A platformโs success should not be measured solely by how much revenue it extracts from its users. At some point, we need to ask how much value it actually creates for them.
When the house keeps winning and virtually everyone else keeps losing, thatโs not financial innovation.
๐ซก From the depths โ
The White Whale ๐
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It's a gift to live each day on this planet.
Live every day like it's your last.
Build the future.
Be a man for others.
Have fun.
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Iโll be live on @therollupco podcast tomorrow at 2:30 PM ET to talk about quantum and what the October 22 OMB deadline means for banks and markets.
Tune in here: youtube.com/@TheRollupCo/strโฆ
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Gm โจ๏ธ๐ซโ๏ธโ๏ธ #illustrationโโ

















