BlockBeats News, January 6th, Ethereum founder Vitalik published a post reiterating Ethereum's purpose, "The creation of Ethereum was not meant to make finance more efficient or applications more convenient, but to give people freedom." This is an important and controversial statement from the "Trust Minimized Manifesto," which deserves a reexamination for a better understanding of its meaning. Words like "efficient" and "convenient" imply improving the average case scenario in a situation that is already quite good. Efficiency refers to having the world's best engineers put their souls into reducing latency from 473 milliseconds to 368 milliseconds or increasing the yield from 4.5% APY to 5.3% APY. Convenience means enabling people to click once instead of three times, reducing registration time from 1 minute to 20 seconds. These things may be done well. But we must understand that we can never outplay Silicon Valley's corporate players in this game.Therefore, the primary underlying game that Ethereum plays must be a different game. This game is about resilience. Resilience is not about comparing 4.5% APY to 5.3% APY, but about minimizing the risk of you facing -100% APY. Resilience is if you become politically unpopular and get deplatformed, or your app developer goes bankrupt or disappears, or Cloudflare goes down, or there is an internet-scale war, your 2000-millisecond latency still stays at 2000 milliseconds. Resilience is a world where anyone, anywhere can access the network and be a first-class participant.Resilience is sovereignty, it is sovereignty in the sense of "digital sovereignty" or "food sovereignty"—actively reducing vulnerability to external dependencies that can be arbitrarily stripped away at any time, which is the game Ethereum is suited to win. Ethereum must first and foremost be decentralized, permissionless, and resilient in the block space—and then make it rich.
PANews reported on January 5th that, according to GoPlus, user @ShittymikeSoll, posing as a PNUT Dev, gained attention by falsely claiming he earned $18 million from $1,000 in a month. He then publicly revealed a large wallet address, boasting that he would turn $860,000 into $100 million during a live stream, successfully hyping up the market. However, he secretly issued a large number of RUG disks, raking in millions of dollars in illicit funds. On December 29, 2025, ShittymikeSol posted a message claiming "first real Alpha trading after a year's break," stating that he invested $500 in HNUT, which appreciated to $200,000 within a day, and was closed at the peak the next day for a profit of $700,000. The tweet also encouraged users to copy the trade and join his Telegram community. However, the community quickly reported that the price of HNUT plummeted by 99.99%, suggesting the project team had absconded with the funds. Analysis revealed that while no significant profits were found at the PNUT developer's address, tracing early large transactions and suspected "insider trading" addresses ultimately led to a wallet (9B1fR…WZb4) publicly disclosed by ShittymikeSol in August. Further investigation revealed that this network had consolidated funds to a unified address (2hnAT…GUjf) over the past eight days, totaling $3.7 million. Notably, even the remaining funds from the HNUT project team's address flowed to this consolidation address. Furthermore, the aforementioned linked addresses used the same methods to create and manipulate dozens of MEME coins, including SHEKER, Gonk, MADURO, FAFO, Trump, DIM, TRUMP2, BANGER, Lily, ROY, horge, WhiteShark, TRUMP, bork, bonkdog, and BITPEPE. These coins all experienced precipitous drops or "Super Mario-style plunges" (a 99% drop in a short period), with all remaining funds from the project teams and suspected insider trading profits ultimately flowing to the same aggregation address (2hnAT…GUjf).
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