David Alemany

The investor dinner and the start of something great. 1kx @HeyChristopher @Explorerdfa @karimhelpme 1Confirmation @YekiM_o a16z @Jay_Drainjr Archetype @DannySursock Bitkraft @CegaPereira Blockchain Capital @_Kinjalbshah CMT Digital @OliverJaros_ Compound VC @0xsmac Crucible Capital @Melt_Dem Cyber Fund @Lomashuk Dragonfly Capital @TomhSchmidt Electric Capital @MariaShen Fraction @Tkhoury Frictionless @SolanaLegend @LoganJastremski Hashed @Baekkyoumkim Haun Ventures @Brxckinridge Lightshift @SimaoCCruz Maximum Frequency @Neilhar Multicoin Capital @SpencerApplebau @ShayonSengupta North Island Ventures @GregMRosenthal ParaFi Capital @Anjan_Vinod Portal Ventures @EvanbFish Polychain @codeisnotlaw Reverie @Lsukernik Strobe Ventures @WinnieLaux Yzi Labs @0xRickyW

Tomorrow, @zachxbt is announcing the results of a major investigation into insider trading at one of crypto's most profitable businesses. And of course, there's already a Polymarket on which company it'll be... People are joking that the ultimate insider trade would be for those employees to bet on it. Turns out… they actually could. Well, the company could! US prediction markets like Polymarket and Kalshi are regulated by the CFTC as futures exchanges. And yes — the CFTC does have insider trading rules. But here's where it gets interesting: 1. In commodities law, insider trading isn't about fairness. It's about theft. An oil trader can't front-run her own company's positions for personal gain. But the company itself can trade on its own proprietary knowledge — production plans, internal data, all of it. That's not illegal. That's literally what hedging is. 2. Former CFTC Commissioner Caroline Pham put it plainly: Commodities insider trading is only illegal when it involves misappropriated confidential information — a breach of trust to the source. 3. So, back to the hypothetical: If a rogue employee bets on the Polymarket before the investigation drops — that's probably insider trading. They're using information that isn't theirs. But if the company itself bets? It's their information. Under commodities law… that's likely legal.

Will be at ETHDenver next week, hmu if you're building in DeFi, RWAs, stablecoins or payments and would like to meet. We're actively leading rounds and looking forward to catching up with our network / meeting new community members.

No shortage of debates surrounding protocol fees and valuations, but what does the data say? We covered this in our Onchain Revenue Report - now let’s do a deeper dive on causation. While many factors dictate token prices, the data suggests fundamentals are chief among them 👇

We're hosting this event next week for @EFDevcon in Buenos Aires. + Actively leading rounds! (we're the most active we've been this year) Amidst the market chaos, we continue to show up ready to catchup with our network and meet new community members. Me and our team included: @_weidai @nichanank @jakub_rusiecki @Mikey0x_ @Explorerdfa will all be here and would to meet.

I’ve been in crypto for over a decade, and one question from outsiders and skeptics kept being asked: “What is the value that crypto provides?”  We at 1kx are trying to answer this question once and for all: by surfacing onchain fees as the best indicator of repeatable utility that users and firms are willing to pay for. As protocols mature and regulation improves, the ability to generate and distribute consistent fee revenue will separate durable networks from early-stage experiments. We think that digital tokens are primarily misunderstood as speculative assets for retail investors. We say they can evolve into an investable asset class for a broader, more sophisticated set of market participants, where token networks achieve product–market fit and sustainable business models.

We @1kxnetwork just released the most extensive report on monetization of the crypto industry to date: The 1kx Onchain Revenue Report (H1 '25) aggregates verified onchain fee data across 1,200+ protocols - mapping where users pay, how value flows, and which sectors are driving growth👇

@KernelProtocol Any update?

Liquid restaking is about to change forever...

@BillyBobBaghold @0xCosmico @gem_insider @Karak_Network good to know thanks for the insight

@0xCosmico @explorerdfa @gem_insider @Karak_Network They’re migrating over and have had some issues with their X account. I’d join the TG if you have questions or doubts

VEC will pivot to $KERN next week. 👀 The chart looks bottomed out here easy 5x imo if the $KERN launch goes well. @Karak_Network is superior than EigenLayer imo so this is a great move by the team. What do you think fam?

@0xCosmico @gem_insider @Karak_Network @BillyBobBaghold strange that no one has said anything about it at all... also I think vested tokens were unlocked yesterday idk what's going on

@explorerdfa @gem_insider @Karak_Network Is it a rug? @BillyBobBaghold is an advisor to the project he can know $vec $kern @gem_insider

@0xCosmico @gem_insider @Karak_Network I’ve been wondering the same thing… based on the number of bots that have been tweeting about buying $vec the past week I think it’s a rug. Shocked no one has said anything about it/announcement hasn’t been made..

@gem_insider @Karak_Network yo wtf is going on with $kern or $vec?

$ibEUR + $USDC pool on Convex >>>

@andy_murph @MichaelAlliegro @playbridgeworld @LifeNFT_ @Treasure_DAO Lol classic $MAGIC maxi behavior

@MichaelAlliegro You should check out @playbridgeworld & @LifeNFT_ (both part of @Treasure_DAO). They hit on many of the points that you bring up, but not all. Both appear to be building something pretty special, and doing it the right way.

We have yet to have a P2E that reproduces the longevity of traditional games. Spectacular collapses have shifted the narrative from “sustainable tokenomics” to “building a fun game.” Instead we should be copying the marketplaces that have grown organically in MMORPGs. Thoughts👇

@manicdistopia psychedelic trash

Manic G i*v e/ @ w a-y time⚡️ CAPTION THIS - most voted WINS a Venice 99' 24 hours opensea.io/collection/ven…

@CrYpTo15067029 @Abs0lutelywrong @Abraham_L_L @DermanCapital @niftyjutsu @DomQwek @MrRudeManners @strangersolemn @manicdistopia @ZachWinterton @burnttoast @VinnieHager @CAMEOPASS @jacobriglin @osf_nft @jakethedegen @GunnarMagnusArt @zenoyis I'm unfortunately priced out of @osf_nft and @jakethedegen at the moment. Gonna check out @GunnarMagnusArt and @zenoyis though! Thanks for sharing.

@multichaindave @Abs0lutelywrong @Abraham_L_L @DermanCapital @niftyjutsu @DomQwek @MrRudeManners @strangersolemn @manicdistopia @ZachWinterton @burnttoast @VinnieHager @CAMEOPASS @jacobriglin Great list, I would add @osf_nft @jakethedegen @GunnarMagnusArt and @zenoyis (soon...) too.

So many cryptos and NFTs I want to buy...

@Abraham_L_L @DermanCapital @niftyjutsu @DomQwek @MrRudeManners @strangersolemn @Abs0lutelywrong @manicdistopia @ZachWinterton @burnttoast @VinnieHager @CAMEOPASS @jacobriglin Skully in the Sky Drops Diamonds - @coupofgrace

@Abraham_L_L @DermanCapital cryptomementoken - @niftyjutsu momentum - @DomQwek REVZ - @MrRudeManners wrongun - @strangersolemn $ HITCOIN - @Abs0lutelywrong Venice 99' - @manicdistopia Winterton Collection - @ZachWinterton gd, gn, gm - @burnttoast @VinnieHager @CAMEOPASS Reflections - @jacobriglin

@Abraham_L_L @DermanCapital I've been scooping up membership NFTs for several different artists. Best asymmetric bets you can make imo

@DermanCapital top 3?

@dropshot_eth @ColeThereum Lol dog it’s latter not ladder

@ColeThereum Bro who is out here saying the ladder lmao

okay how do u say it enough jokes

@brettpalatiello DEEZ

Question: what is the most decentralized protocol in crypto/web3 and why? I hope to challenge you on this using arguments that I may or may not hold personally. 👇