KOL Perspectives on This Week's Top Crypto Stories
We've revamped The DeFier Weekly Report based on audience preferences—our data shows readers crave insights from crypto Twitter's top voices. Below, we curate pivotal perspectives alongside breaking news to deliver multidimensional market analysis.
Compound's Contract Bug Triggers COMP Token Anomaly
Decentralized lending platform Compound reported a critical bug in its upgraded contracts last Thursday (9/30) following the execution of Governance Proposal 062.
What happened:
- An abnormal COMP distribution occurred due to a smart contract error
- Some liquidity providers received vastly inflated COMP rewards
- No impact on user deposits or collateral positions
Challenges:
- 3-day voting period + 2-day timelock required for fixes (minimum 1-week resolution)
- Erroneously distributed COMP tokens cannot be forcibly reclaimed
Founder's Appeal:
Compound's founder urged users to voluntarily return excess COMP to the timelock address 0x6d903f6003cca6255D85CcA4D3B5E5146dC33925, warning of potential IRS scrutiny for non-compliance.
👉 Learn how smart contract audits prevent DeFi exploits
Aave Arc's Controversial "Whitelist" Initiative
AAVE unveiled Fireblocks as its first approved custodian for Aave Arc—a permissioned liquidity pool with institutional compliance requirements.
Whitelist Criteria:
- Robust AML/CFT programs
- Valid jurisdictional licenses
- Completed KYC/KYB procedures
Community Backlash:
Yearn Finance developer banteg criticized the move as antithetical to DeFi principles:
"Don’t build walled gardens for the wealthy. Don’t write evil contract code."
AAVE founder Stani fired back:
"Maybe stop posting half-naked anime girls on Twitter."
Bitcoin Price Forecast: Plan B's Bullish Trajectory
Crypto analyst Plan B's updated stock-to-flow (S2F) model predicts:
| Month | Minimum Target | Ideal Target |
|---|---|---|
| October | $63,000 | - |
| November | $98,000 | - |
| December | $135,000 | $450,000 |
Validation:
- August close: $48,700 (predicted >$48,000)
- September close: $43,800 (predicted >$43,000)
Historical trends combined with "Uptober" optimism fuel bullish sentiment.
Ethereum's Multi-Faceted Growth Drivers
Ethhub co-founder Anthony Sassano highlights ETH's compounding advantages:
- Economic Mechanics: EIP-1559 burn rate
- Technical Upgrade: Accelerated ETH 2.0 merge
- Ecosystem Expansion: Sidechain integrations + NFT/DAO adoption
"Being an Etherean feels incredible right now."
Terra's Columbus-5 Upgrade: Key Enhancements
The September 30th upgrade introduced:
✅ Cosmos IBC Integration
- Enables cross-chain asset transfers
- Grants access to Cosmos SDK tools
✅ LUNA Burning Mechanism
- 100% seigniorage destruction (vs. previous community pool allocations)
✅ New Features
- Ozone insurance protocol
- Solana bridge via Wormhole
Notable Crypto Twitter Threads
🔥 El Salvador's President:
"Preparing our first volcanic Bitcoin mining facility."
🌐 a16z's Chris Dixon:
"Web3.0 matters because it shifts power from platforms to people."
📊 Three Arrows Capital CEO:
"Crypto is macro-perfect—scarce, programmable money for the digital age."
💡 Pomp:
"Q4 Bitcoin bull run reminder: Volatility = opportunity."
FAQ Section
Q: Can Compound recover the misallocated COMP tokens?
A: No—the decentralized nature requires voluntary returns.
Q: Does Aave Arc's whitelist compromise DeFi ideals?
A: It creates regulated access points while main protocols remain permissionless.
Q: How reliable is Plan B's Bitcoin price model?
A: It's historically accurate but assumes continued institutional adoption.
Contributor Bios
- Raizel: Bitcoin/DeFi educator behind Chill Blockchain YouTube
- Thomas: Boston-based chip designer & DeFi enthusiast
- Anderson: Founder of Dapp Pocket & Coinomo
This report is not financial advice. Join our Taiwan DeFi Group or sponsor us in crypto to support independent journalism.