Version One Ventures

✅Etherfi buybacks are back on (no clue why they were off for a few days) ✅ Final investor vest sent out. No more VC overhang. ✅ Daily spend at ATH using cards ($2.5M/d) ✅ Staking TVL back above $6b ✅ Upbit listing yesterday ✅ Adding ~300 new cards a day ✅ CAC going down, ARPU going up, Payback period compressing sallygazzy mode note: dcf cap seeded ethfi

just shipped chained actions on @Uniswap crosschain swapping is the first use case a composable state machine that breaks any multi-step swap into a plan of atomic operations, self-custodial at every step we didn't hack this on top of something else, we went back to first principles: - zero MEV - zero trust assumptions your funds are always yours, you can walk away from the plan at any point plus errors don't kill the swap, the plan just updates and picks up where it left off any chain to any chain, composable with LPing, CCAs, and whatever comes next (plus, agents are treated as first class citizens) if you're building & are interested in crosschain swapping API access, dm me

Tokenization alone isn’t enough. Markets only work when ownership, pricing, and settlement remain intact. Modern rails × real ownership = Dinari.

Tempo's MPP introduces a new standard for agent-to-agent payments Our pay-with-any-token skill makes it easy to swap into tokens required for a 402 challenge, as part of MPP Agentic finance that just works 🦄

Our official main stage brings together 1,000+ of Canada's top builders from around the world. Featuring @tobi @andrewgordonmac @nickfrosst @lucyhargreaves4 @Sirupsen @MaxBrodeurUrbas @ElainaYallen @EliotPence @mitrymin @Alex_Danco and more. Limited in-person tickets. Request access ➡ luma.com/TTWHomecoming

FLOW earns up to 25% APY on @peakmoney_ Plus earn entries into weekly prize drawings just for depositing USD Join the waitlist today. Rates may vary. peak.money

Uniswap v2, v3, v4, and the first aggregator hook are live on @Tempo Plus, Uniswap API and a new pay-with-any-token skill for Tempo's Machine Payments Protocol are available from day one

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THEY DID IT. The SEC and CFTC just dropped a landmark document that officially classifies crypto assets. They're actually telling us which crypto assets are securities and which ones aren't - by name! THIS IS SOMETHING GENSLER REFUSED TO DO (he focused on prosecuting crypto out of existence) This rule doc gives crypto many of the benefits of the clarity bill - it lifts us out of the gray market - it gives every asset a path. It's almost like the Clarity act just passed by way of regulator. (of course, the actual clarity act will harden all this into legislation and make it irreversible in the event we get another Gensler, we still want it) This rule says there's 5 categories for crypto assets: 1) Digital Commodities - assets tied to a functional, decentralized crypto system (e.g., BTC, ETH, SOL, XRP, ADA, DOGE). Not securities. (yes, they name them on page 14) 2) Digital Collectibles - NFTs, meme coins, artwork tokens, in-game items. Not securities (fractionalized collectibles may be an exception). 3) Digital Tools - membership tokens, credentials, domain names (e.g., ENS). Not securities. 4) Stablecoins - payment stablecoins under the GENIUS Act are not securities. Other stablecoins, it depends. 5) Digital Securities - tokenized versions of traditional securities. Like tokenized stocks. Always securities. Amazing! This makes so much sense I can't believe it's coming from a regulator. No more enforcement threats to Ethereum developers and crypto exchanges. How about the Howey test? More common sense! If an issuer makes specific promises of managerial efforts from which buyers expect profits, the offering is a security until those promises are fulfilled. Then it's a commodity. The asset itself was never the security, the deal around it was. (E.g. XRP was a security pre launch, became a commodity after). How about stuff like staking and mining? Mining? Not a securities transaction. Staking? Also not a securities transaction, that includes custodial and liquid staking even with LSTs! How about wrapping BTC? Not a securities transaction. Airdrops? NOT SECURITIES. NO MORE GEO BANS PROTECTING AMERICANS from free airdrops. Remember this is a joint doc from the SEC and CFTC, They're actually cooperating on this, no internal strife, this is binding to both. SEC regulates $80-100 trillion assets CFTC regulates $5-10 trillion assets Both of the world's largest capital markets are showing us that crypto assets are here to stay and they're welcome alongside traditional assets. Every country will follow. This is the biggest move toward legitimacy I've seen in all my time in crypto. Maybe bigger than the genius act since is covers all crypto assets. Well done @MichaelSelig and @SECPaulSAtkins. And especially well done to the indefatigable @HesterPeirce. Her fingerprints are all over this, couldn't have happened without her eight years of principles-based curiosity.

See you at @DigitalChamber’s DC Blockchain Summit. Dinari Co-Founder & CLO @Chasramp will be speaking on the future of on-chain capital markets. Details: x.com/DinariGlobal/s…

Big news for North American data centers. Moment Energy has signed an MOU with SFU to explore battery energy storage solutions for one of North America’s most powerful supercomputers. Full details: hubs.ly/Q047cl-T0

From day one, compliance has been Dinari’s north star. Not working around securities laws — working with them. Dinari COO & Co-Founder @booi explains why the company built tokenized equities infrastructure with regulation in mind from the start.

There will be a repricing event when yall realize - this team is here to stay and it’s safe to hold for more than a week - all the value is for the token and they genuinely believe that - they’re spending on growth is extremely calculated - growth is continuing in this market - tvl on the restaking side looks crazy as eth goes up again - there are no more investor unlocks - they have real users that aren’t on ct and will launch a trading product to them - there are basically no other teams in crypto that just added $100m revenue business lines and didn’t slap a new token/raise on it Salgidadgadze mode Note: dcf cap seeded etherfi

$ETHFI card product continues to set new highs (over 60% of revenue now comes from the neobank product) $50MM active buyback program Last investor unlock on March 18th Next major resistance around $0.89. Will be interesting to follow.

Looking to learn about crypto risk? You'll be hard pressed to find a better opportunity than attending this panel at @ITI_Insurtech with our own CLO @AniaWiktoria7! Drop us a message if you'd like to connect with the team to talk risk 🤝

A good example of our crypto-as-a-service (CAAS) integration: Webull used CAAS to bring crypto trading to millions of users. By working with us, they didn’t need to start from scratch on custody, trade finance, and regulatory compliance. Faster shipping, and better products for users. Everybody wins.

AI doesn't hack your firewall; it impersonates your boss. 🤖 Join us March 19 @ 12 PM ET to learn: ✅ How AI clones voices in seconds ✅ Why old checklists fail ✅ The 2-person rule to stop fake transfers Register for the #FraudPreventionMonth briefing: hubs.la/Q046YcxS0

the Uniswap ui for crosschain has improved a ton you can now swap pretty much any two assets between any two chains

As it turns out, throwing people at problems is expensive and slow. FDEs for customer service AI, at least, is a total anti-pattern and a side-effect of demand being way in front of supply. The tide will go out again eventually.

What comes after ETFs? Dinari Co-Founder & CLO @Chasramp will be at DC Blockchain Summit Summit 2026 discussing the next phase of on-chain capital markets. On-Chain Capital Markets: What Comes After ETFs Mar 18 · 11:20–11:50 AM ET