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ALPHA LEAK: @RibbitCapital 's stealth token $TIBBIR just surfaced... 🧩 Video from 2020: Hint for Ribbit Capital Token 🧩 2025: @mickymalka (founder of Ribbit Capital) stealth-launched $TIBBIR ...🐸 What if one of fintech’s biggest VCs quietly launched a crypto token and nobody noticed? In a space full of hype, over-marketed vaporware, and copy-paste tokens, $TIBBIR stands apart - because it wasn’t announced. Zero hype, zero marketing, full stealth mode. (= classic Ribbit Capital style, IKYK) And now, after deep onchain tracing, SEC regulatory filings, social proofs, and a revisit of public interviews, the thesis is becoming impossible to ignore: Ribbit Capital has quietly launched its own token. 🔥 VIDEO HINT: It All Started with One Quote - Multicoin Summit, 2020 🐸 In November 2020, @mickymalka (founder of Ribbit Capital, $12 Billion AUM) appeared at the Multicoin Summit and casually dropped this: "But there's nothing as disruptive as what's going on with decentralized finance… If we want to be the best investor in this category of the intersection of finance and tech no matter where we are — we will be very active in DeFi and we will be participating in it. But it's not obvious that it's a company →→→→ or a token ←←←← or is it partnering with Multicoins or to making investments. I think we'll do all of the above over the next decade." At the time, it sounded exploratory. In 2025, with all the confluences and verifiable proofs, it sounds like a roadmap. SO. Let’s dive down the Ribbit Hole and connect the dots... Over the past few months, we've been meticulously tracing the discreet emergence of the $TIBBIR token project that appears to be intricately linked to Ribbit Capital and its founder, Micky Malka. Our investigation has uncovered compelling evidence suggesting that $TIBBIR is not merely a speculative endeavor but a calculated step towards Ribbit's envisioned decentralized financial ecosystem.​ 🧩 Onchain Proof: Direct Wallet Funding: Micky Malka's wallet, which has been active for over 2800+ days, has been identified as the source of funds for the developer wallet that deployed the $TIBBIR contract on @virtuals_io ​ → Since then, Virtuals core contributors are following @ribbita2012 , quoted Ribbit Capital's slogan, and launched the Virtuals Index on @reserveprotocol with $TIBBIR being the #2 in weight. Onchain Proof TX hash: 0x286a702630239ff9b002c41f502076d1ce48a6e026951c3d22ff9b0e86cca2e3 🧩 Social Proofs: @mickymalka 's profile pic = $TIBBIR Launch Date: The profile picture on Micky Malka's X account, when downloaded, it shows "01.11" -coinciding with the launch date of $TIBBIR "01.11". → Since then, the TIBBIR X account has garnered 100+ smart followers, Ribbit Capital core members, T1 VCs, Hedge Fund managers, and many others... → March 23: Micky himself started to follow the TIBBIR X account, @ribbita2012 ... (are we getting closer to exit stealth?:) 🧩 "TIBBIR" Legal Entities: Tibbir Holdings LLC: SEC filings reveal the establishment of Tibbir Holdings LLC, with Micky Malka listed as the investment manager. This entity holds shares in Robinhood, indicating a strategic alignment with Ribbit's portfolio. TIBBIR Trust Formation: A Schedule 13G filing dated February 14, 2025, discloses that Micky Malka owns 11.4 million shares through the TIBBIR Trust, further cementing the connection between Ribbit Capital and the $TIBBIR token. ​​ 🧩 SEC Filing Proofs: sec.gov/Archives/edgar… sec.gov/Archives/edgar… 🧩 Hacking For Agentic Finance Furthermore, in 24Q4, Ribbit co-organized an AI agent hackathon with @RobinhoodApp , @crossmint , @OpenAI , @solana , which suggests a forward-thinking approach to integrating AI into their existing fintech x crypto ecosystem. → Since then, Ribbit Capital led investment round for @crossmint and @privy_io , and @RobinhoodApp (Ribbit Cap portfolio company) announced "Cortex AI", signaling their entry to Agentic Finance... 🧩 New $500M Fintech Fund (Agentic Finance?) 03.19.2025: Ribbit Capital, a venture firm known for its fintech investments, is raising $500 million for a new fund, a filing with the U.S. Securities and Exchange Commission (SEC) revealed. The new capital appears to be a part of the Palo Alto-based venture firm’s latest flagship fund, titled Ribbit Capital Y. - @TechCrunch 🧩 Why "TIBBIR" and not "RIBBIT"? "Fintech is dead, long live the New Fintech." Micky Malka said, the last decade of fintech was about giving people ACCESS to money. This decade, we need contextual money. So we need to rebuild everything. →→→ TIBBIR = RIBBIT spelled backwards. Explanation Video: x.com/Altcoinist_com… 🧩 Strategic launch: Why @base ? $TIBBIR has been launched on @base , Coinbase's L2 chain. → Ribbit Capital is the lead investor in Coinbase. @mickymalka helped @brian_armstrong open CB's first bank account in Silicon Valley. (wen wen wen Coinbase listing) $Tibbir token Contract address on Base: 0xA4A2E2ca3fBfE21aed83471D28b6f65A233C6e00 🔍 Token Integration with Ribbit's Ecosystem? The $TIBBIR token appears to be more than a standalone asset; it's potentially a linchpin in Ribbit Capital's broader strategy to integrate decentralized finance within its existing portfolio. Given Ribbit's investments in companies like Coinbase, Robinhood, Revolut, Uniswap, Morpho, Arbitrum, and recently TON, $TIBBIR could serve as a unifying token across these platforms. However, the utility and plans are still undisclosed. 🧬 Ribbit Hole Conclusion The convergence of these findings points to a deliberate and strategic launch of the $TIBBIR token by Ribbit Capital and Micky Malka. This move aligns with Ribbit's long-term vision of participating in decentralized finance through various avenues, including token issuance. As fintech enters its next era, $TIBBIR may emerge as a central component in Ribbit's efforts to redefine the venture capital landscape and serve as a foundational element of the New Fintech (the intersection of fintech, crypto, and AI) this decade. Video credit: @chironchain 🏹 (our #1 sleuth)

After reading this post by @hashdag, if you want to find out more about him. You should listen to the marathon discussion between himself and @vladcostea and find out about the side of Crypto that he represents. youtube.com/live/GaJmYV8OH…

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(1/x) Layer-Friendly and Layer-Resistence #kaspa $kas @kaspaunchained Bitcoin thrives on the one, Kaspa thrives on the other. First lets break down the machine into parts: Nodes run the protocol software which does the bare essentials for the system to function and connects to other nodes to increase the guarantee that the same rules are applied, verified and followed without tampering. We divide the network into Store of Value which is based on the cost of mining the coins, the mining network. Medium of Exchange the P2P cash system and the transactional space the coins moves within, the monetary network. Both are absolutely tied to each other through protocol, creating the Unit of Account, they are the same but they are different. But the same constriction, blockspace and blocktime affects them both in the same way but expressed differently. Mining was first tied with the node, the same processor that ran the software ran the mining, but became outsourced to gpu and later separate specialized machines - asics, for efficiency reasons. Laser focus on function, expend all energy into one single goal. As price scales so does the mining power, tied together through profitability, but the mining power in bitcoin is divided by 144 blocks per day, however much hashpower or number of miners there is, it has to go through this narrow number of blocks causing extreme variance in income over time. One mans variance-risk is another mans business model. Pools and hosting facillities took block variance - which is a monetary risk/cost and smoothed it out, and for a fee you could have continous payouts. Nash equillibrium trends to pools and centralization as they offer a precious service, a gain greater than the cost. In the end they become ultimatly extortive though, their way or the highway. You can choose to connect your miner to a remote node or a pool and you don't have to run a node at all, for solo-mining you do run your own node and mine directly to it. Depending on pro's and con's of your situation. Mining is outsourced from protocol. Now in bitcoins case the monetary network, the peer-to-peer cash system is extremly inefficient, its high fee friction is what transfers high value from its users to its securers, the miners, what is cost for a user is direct income for a miner. As price increases in size but the transactional throughput stays the same, the transaction costs scales together with price. So to ease the growing pain for users, the p2p layer is also outsourced to the more cost efficient lightning network out of necessity. The lightning channel batches a potiential unlimited amount of transactions into two transactions on the baselayer, but the opening and closing of lightning channels still scale with price and running own lightning channels increase technological friction. Also the question of increasing liquidity in a channel and keeping it online or putting faith in a watchtower increases technological friction and the channels costs even more. A custodial lightning service can smooth out both the technological fricition with UX and the monetary friction by not only batching transactions together but also batching multiple users together for cost efficiency, liquidity management is a service provided for a small but managable cost, at least it's easy. But now we are outsourcing the outsourcing, still because of necessity. We are no longer users of bitcoin we are customers of a fintech service. Because baselayer usage and own lightning channels is too much effort without any gain to balance it out. Nash equillibrium trends to centralization as the gains of it outweighs the costs.