SN◎WDEV
261 posts






I am quite literally at the Grand Budapest Hotel. There’s a mini tram that blows a steam whistle that goes through town.


The role of liquid funds for founders in crypto. Liquid funds are making a come-back: November is estimated to be the strongest month for liquid funds this cycle, and the 4th best month since @L1D_xyz started allocating in Nov 2018! This monthly print will likely attract significant institutional flows. As we see a gradual AUM rebalancing between VCs and liquid funds, here’s a look at why and how founders are increasingly engaging with liquid funds.


Institutional participation in Bitcoin is no longer emerging. It's already established. Spot ETFs now hold more than 1M BTC, representing about 5% of the total supply. Daily inflows through mid-2025 averaged between $300-500M USD, with cumulative assets close to $60B. More than half of the world’s top asset managers now have indirect Bitcoin exposure through ETF structures. The challenge is that most of this Bitcoin remains idle in cold storage. It secures exposure but does not generate return. For institutions managing trillions, this model is losing relevance. A productive Bitcoin stack that combines security with yield is becoming the natural next step for capital markets.



The older I get, the more I believe God is real Coming from someone who grew up catholic, lost faith for couple of decades, became skeptic and religiously distant The world has its way of showing you the truth


















