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Get your weekly dose of Alpha Leaks. Tune in, ask questions, share good vibes!
Recorded: April 4, 2025 Duration: 0:24:35Space Recording
Short Summary
In a dynamic update from the blockchain space, Circle prepares for its IPO, while the UAE plans a digital DRAM launch by 2025. Aurora unveils new features to enhance developer accessibility, and the SEC's closure of investigations into crypto.com signals a positive regulatory shift. Additionally, the NIR ecosystem emphasizes user-owned AI, showcasing a trend towards ethical technology.
Full Transcription
The Thank you. Thank you. Hello, everybody. It's Alex Szovcianka here and as always at this time we're hosting on X YouTube
and our Discord the Friday Alpha Leaks live stream. Since this is a live stream you're able to ask your
questions and during it we are actually sharing with you the updates from the wider blockchain vertical together with the
updates directly from aurora and near blockchains so we have quite a lot of news to cover today and
without further ado let's get into it obviously the tariff war that was started by President Trump.
And I'm pretty sure that many of you are following this
because it causes lots of ripple effects everywhere.
And it obviously influences the crypto markets, right?
So one of the great minds of living right now, Ray Dalio,
has been posting some of his views on the tariffs.
In general, what he is talking about here in this tweet,
and yeah, go on and check it out.
The most important things that the tariffs are going to cause
is obviously the reduction of the global efficiencies in production and the deflationary economy for the world as a whole. pretty grim at this moment until the policies are not going to be updated, which causes extreme
downturn in all of the risk assets. So the capital is flowing out of the risk assets.
And this is not only crypto, but obviously these are the stocks. So the recent drops everywhere, they are fully connected with this, with these moves.
Circle has filed for an IPO filling in their form S1 with Securities and Exchange Commission.
So we congratulate them. It was a very long path for them. And in case everything is going to go well
and they go for an IPO, they will become a publicly tradable
company.
So the stock of Circle will be traded on exchanges.
This might bring additional liquidity into the market.
And this will allow investors to get an exposure
to the upside of the circles business which is also interesting thing there were not a lot of
companies from crypto who were undergoing an IPO process like we know that Coinbase already did it.
So Coinbase is traded publicly.
Now Circle is set up to be the next one.
There are some other companies too.
SSE closes all of the investigations around crypto.com with no action.
So for sure, this is a win for
crypto.com and the wider blockchain market. Over the past weeks, SEC closed multiple other investigations and I can only support this untightening or easing policies from the SEC and the US.
Together with that, Trump pardons three Big Macs Crypto Exchange co-founders.
So again, very positive trends in here.
UAE expects to launch a digital DRAM in Q4 2025.
This is a very interesting development. Obviously,
UAE is being one of the centers of the world at the moment, and they're moving really forward with
all of their different things. And for example, later this month, there will be a very big conference happening in dubai token 2049
um hopefully this year it will be without the flooding um uh and uh and also interesting uh
thing that is going to happen because of this or like what i expect is that take into account that
d ram is uh tightly coupled with the us dollar so So there is a fixed exchange rate as far as I remember,
3.96 maybe, maybe a little bit different. It's interesting that digital DRAM can become
an alternative stablecoin to the US dollar or like to the USDC and USDT.
Let's see how these things are going to move forward.
Vitalik was posting a short message or article around talking less about funding public goods
talking less about funding public goods and rather supporting the open source funding.
So obviously there are like the devil is in the details on how we name things and stuff like that.
But the overall premise is pretty much straightforward.
And I can say that from our side, we are fully supporting this, especially in the vertical of AI.
So one of the core developments that is happening in the wider NIR ecosystem
is the direction of the development that is called user-owned AI.
We do believe that AI needs to be open source.
We do believe that AI needs to be credibly neutral.
So being trained on credibly neutral data.
And we do believe that users should be protected by the AI
rather than the AI playing,
interacting with users on the side of the corporations.
The reason for this is pretty simple. We see that mechanics and lots of business models
in the current world, state of the world,
they are pushing too much on grabbing the user's attention,
like viral mechanics and, you know,
like putting in the feed, some things that are just keeping
the user's attention inside of there, which eventually brings
more monetization to these platforms. And
this is not usually the things that you actually want to get.
And I'm pretty sure that everyone has been found in them
like at 3 o'clock in the morning when they were reading just a random Wikipedia article
or watching some random TikTok videos, right?
So it doesn't feel like this is healthy, but this is how everything is working right now.
And AI is going to be the next big thing
that's going to fight for the attention of the users.
So it is in our hands to try to counteract it and try to make sure that AI is rather protecting users
and is playing on the side of the users against all of these mechanics
that are out there in the internet.
So fully supporting this logic.
Changing gears a little bit into the Aurora updates.
Hi, Junior, by the way.
There are some updates to the Aurora Cloud Console, right?
So Aurora Cloud Console is the admin panel for anyone who is willing to launch their virtual chain.
It is available at auroracloud.dev.
I remind everyone that launching virtual chains or like fully integrated blockchains and fully interoperable blockchains with all the rest of the crypto is free and it
is available right here right now anyone is able to go and do it so the things that were launched
for the aurora cloud console is an ability to deploy any token on your particular chain
and also connect it with near aurora eth with the universal widget that
that is developed it is available in directly in the aurora cloud console
then besides that there is an integration of the aurora virtual chains of all of the aurora
virtual chains with the intent-based protocol that is called
NIR Intents that is developed on top of NIR. In case you need to develop your own DeFi ecosystem
inside of your own chain, then there is a built-in DEX available for everybody. So you can just
deploy this DEX right away and then it is there. It is a Uniswap 2 style DEX.
And besides that, there is an Oracle that is also just one click away from deployment into your
chain. And you are able to use this Oracle, for example, for landing protocols or maybe
for bringing some data inside of your own chain. So there are quite a lot of primitives that are
available already right here right now. But besides that that the core piece that is available for all of the developers
and this is the technology that is underlying all of these additional features uh is the aurora
cross-contract call sdk this is a an intercommunication protocol that allows you to call any smart contract outside of Aurora
that is located in Nier or in other Aurora's virtual chain.
And together with the chain signatures technology that is available on the Nier blockchain,
you're actually able to execute through cross-contract calls and chain signatures
any transactions on any chains directly from your chain. This is a tremendous
set of infrastructure primitives. We've recently showcased how an Aurora Gnosis safe wallet is able
to own and transact Bitcoin. Check it out. Probably somebody is going to send a link to this post.
out, probably somebody was going to send a link to this post.
Now, there is one particular new feature that I would like to
demonstrate to you. And this is what we call the gas
abstraction. This is one of the steps towards the bigger gas
abstraction. And Aurora is known for having free
transactions available on the chain in the very, very beginning of the
chain existence. And we are just reusing this technology. And this is something that is
available again for every virtual chain setup. So, yeah. Can I play it?
Give me a second.
Yeah. So if you're going to the guest abstraction inside of the Aurora Cloud
console, you're able to create a plan. And this plan specifies which users are able to execute free transactions.
You are able to manually add users there.
You are able to use API endpoints to do this.
Then you are able to specify the duration of this plan.
I'm sorry.
And the total transaction limits that are inside of this plan together
is a monthly limit per user.
So once you're going to make this plan activated, it means that it is already working right now.
And if the user out of this list is going to perform some kind of transactions, like what you
see here in a game that is EchoQuest, then his transactions are going to
be processed with zero base token value, right? So this is a very important thing to understand,
which means that this tool gives an opportunity for anyone who is launching their own chain to literally per account basis and per smart contract,
specify that some transactions are going to be free of charge.
And on the Aurora main net, the base token is ETH.
So as you can see here, the transaction fees are zero.
But on your own chain, the base token can be anything you like.
And these mechanics can be used as a great onboarding experience for anyone who is coming to your chain.
You're able to subsidize all of these transactions for your users.
This is a very cool thing.
This is a very versatile thing.
You don't need to think about any additional things on the level of the blockchain.
This is just an ordinary transaction.
You don't need to rewrite your smart contracts using some additional EIPs,
you know, integrate complicated relayers, blah, blah, blah, all of these things.
It is just configurable directly into your admin panel.
You're able to add addresses there in real time.
You're able to take off these gas plans or turn on new ones, right?
So this is very, once again, this is a very powerful tool.
I have never ever seen in any of the other solutions anything similar to this.
It is available for everyone, once again,
in the Aurora Cloud Console.
Moving on, we've hosted our first call
that was specifically targeted to the Polish users.
So, Przemba Huapaki, to everybody from Poland.
And Chris recently joined Aurora,
together with our big friends from Tokinomia.
I've been hosting a Twitter space, I believe, in Polish.
And they were talking about Aurora and T-Pro.
So, super cool and uh once again hello
to everybody from poland uh we actually have quite a lot of um a lot of events that are planned
next week uh there is a paris blockchain week and there you can meet our guys uh we are presenting
there there are some events uh that some events that are that have been sponsored
by aurora so come there and talk with our guys besides that obviously this week is one of the
most important weeks for doing announcements out of the whole of the year.
And the biggest announcement from our side
is that we are currently exploring the acquisition
of Greenland in order to support our vision
of the unobstructed sites of the Northern Lights or Aurora.
And what we are planning to do is to deploy the greenland virtual chain with aurora
as the main token make sure that we have the demolished all of the existing skyscrapers in
greenland i'm pretty sure that we are very close to 100 achieving this goal already and then make
sure that there is a an aurora borealis 24 7 broadcast even if it is not happening
at the moment in time um so great news uh from that that standpoint please pay attention to
the actual date of the news and uh let's move on continuing with the token burn mechanics, there was an additional burn of the Aurora tokens.
As always, it is supplemented with the transaction that was executed on the Ethereum blockchain.
The reason for this is that Aurora token was initially created on the Ethereum blockchain, so it must be burned on the Ethereum blockchain.
on the Ethereum blockchain.
A little bit earlier this week,
it was a Twitter Spaces with the winners
from the 1 trillion agents hackathon,
SquidChain, HedgeFi and AI agent Launchpad
together with the Apocalypse chain
in ICANN Gas and IdeaPulse.
These guys have been participating
in the Aurora challenge that was there
to launch a chain with some kind of character, I would say.
And you're able to go and check out the spaces there.
Looking forward to all of the projects to move forward and deploy in production.
Also, yesterday, it was the games night in our Discord.
Tell me more, share in the comments,
how do you feel about it?
And share with me what are your favorite games?
Also yesterday was the Nier Protocols Town Hall
where two of our big partners have been presenting
their current developments.
These were Strawberry AI with their updates
together with Open Format,
who are building the better community engagement platforms.
So if anyone are interested in what Strawberry AI is doing or open format,
I highly recommend checking out this Twitter space.
On the near-intent site, the thing that was shipped this week was the addition of the gifts.
And this is a very nice and cool thing where any user is able to create what is also sometimes called link drop.
So create a link and send this link to a friend.
So create a link and send this link to a friend.
And in this link, there can be an additional, you know,
like a price or like some amount of tokens.
We actually can execute it really quick.
And maybe somebody who is watching the stream can actually get the stuff.
So if you're going to go into the account,
and then you're able to create a gift,
and take into account that everything is going down.
Probably I'm just going to give you a link for the USDC.
a link for the for the usdc thanks for watching uh watching aurora alpha lee leaks
Thanks for watching.
and here you go i just need to sign with my passkey
seems like my pass keys are. Yeah, OK, now it works.
There was some kind of problem with the pass case.
My finger was not working properly.
There are some problems with the stuff.
So I'm copying this link.
And what I'm going to do is actually tweet because we're streaming to so
many platforms so you can you you have just a just several seconds to go to get to my account and
try to claim this gift and share your opinion on how this thing has been working for you.
Okay, and this is how the gifts are working right now.
And the latest thing on the Neurintents that I would like to mention is that the DubDub has been starting the BinTent Express bound for BelloChain trading competition
in partnership with Barachain.
So if you would like to figure out what is this competition
and how to get an exposure to $10,000 in rewards,
Check out their accounts and Bera.town.
check out their account and barra.town.
Okay.
Seems like that's it.
And let's see what are the questions here.
And we have a site reserve for near SpaceX landings when they managed to buy it.
Yeah, I mean, yeah.
Fox said that he won.
Congrats.
Great.
Thanks for the gift.
Thank you for checking out what is happening here.
Congrats.
Okay, guys. Thank you very much for tuning in.
I hope you're enjoying these updates.
I see that we have almost 200 people
who are tuning in in this space or in this stream.
Thanks, everyone.
Stay calm in these turbulent market conditions. and uh uh yeah i wish you a very
good weekend and we're going to see each other in exactly one week from now
on the next friday alpha x sessions until then have a good one Thank you.
