
Crypto Confidential
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Raoul Pal: Ethereum is a “very good product” for financial institutions “Ethereum has its Lindy Effects. It clearly works very well for what the financial markets need. They can build Layer 2s, as Coinbase has shown, that can work perfectly for their needs. If they need high security, they can use the Layer 1 chain. They have ZK and all the other stuff that’s being built. Everything is there; they just have too much capacity. But if the finance system comes, they’ll go to [Ethereum] . . . Is Goldman going to build on Solana? Highly unlikely. Is JP Morgan? Highly unlikely. Will they build their own Layer 2s? Highly likely . . . I highly doubt it will be anywhere else just because the nature of risk in the space. And ETH has a yield — it’s a very good product for financial markets.” Raoul believes Ethereum is mostly working through narrative problems that were similar to the problems Bitcoin faced when it was figuring out its store of value narrative. “We went from the left side of the [bell curve], through the mid curve — we did all of the mid-curve stuff about Lightning and payments and everything else — and came out on the other side and said, ‘It’s a store of value.’ The same will happen to ETH . . . They’re already going back to this ‘world computer’ idea. This is the platform for tokenization, and I think it will prevail over time. . . This is a compute platform that operates at global scale and is decentralized. Go use it.” Source: @KevinWSHPod (May 2025)


With all the talk around @Coinbase's March Madness prediction markets, I recently did a Q&A with Paul Grewal, the firm's chief legal officer. We discussed everything from insider information to Katy Perry & Justin Trudeau's wedding. Some excerpts in the thread below:


Tiger Woods has been arrested for DUI. Unreal.


🚨#BREAKING: Officials have announced that Tiger Woods has been arrested of driving under the influence following his involvement in a rollover crash.






Wild take it, 3-2.



After incorporating community feedback, the ARFC for the Aave Will Win Framework has been published. Aave Will Win is an alignment framework from Aave Labs that directs 100% of product revenue to the Aave DAO treasury under a token-centric model.





Mackie Samoskevich (neck laceration) on the ice today…










